$700,000
SOLD JUN 7, 2024
4 Beds
5 Baths
3,073 Sq Ft
$1,166/mo HOA Fee

Recently Sold

$228 Per Sq Ft

7% Below List Price

37 Days on Market

Highlights

  • Gated Community
  • Deck
  • Hydromassage or Jetted Bathtub
  • Fireplace in Primary Bedroom
  • Main Floor Primary Bedroom
  • Formal Dining Room

About This Home

As of June 2024

Luxury awaits in this double unit penthouse at Water Tower Place! Incredible views of downtown Cedar Rapids and location you can't beat. Close to hospitals, entertainment, Newbo, interstate and more. Featuring open living space with soaring 13 ft ceilings, exposed brick and concrete columns. 4 bedrooms each having its own ensuite. Custom loft area overlooks the recently refinished wood flooring with updated matte finish and fresh paint throughout the entire unit. The kitchen will exceed your culinary needs and allow entertaining to be simple. Entire unit has been professionally designed. New lighting throughout, plenty of storage in 2 utility rooms and under the lofted area along with in the underground parking having storage too. 4 parking stalls, 2 gas fireplaces, 2 balconies, rooftop garden, pets welcome and professionally managed building. So much more to enjoy that you need to schedule your private tour today!

Last Agent to Sell the Property

Rachael Ray

SKOGMAN REALTY

SKOGMAN REALTY

Last Buyer's Agent

Lesley Vancura

SKOGMAN REALTY

SKOGMAN REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,813

Year Built

  • 1925

HOA Fees

  • $1,166 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Masonry

Interior Spaces

  • 3,073 Sq Ft Home
  • Free Standing Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • Great Room with Fireplace
  • Formal Dining Room
  • Laundry on main level

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • 5 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Parking

  • 4 Car Garage
  • Tuck Under Parking
  • Heated Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

Amenities

  • Community Storage Space
  • Elevator

Recreation

  • Snow Removal

Pet Policy

  • Limit on the number of pets

Additional Features

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,813

Year Built

1925

Lot Details

0

HOA Fees

$1,166 per month

Listing Details

  • Style: Loft/High-Rise
  • Above Grade Finished Sq Ft: 3073
  • Association Fee Frequency: Month
  • Association Management: By Prop Mgmt.
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 5.00
  • Total Bedrooms: 4
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 3rd Floor +
  • Dining Features: Breakfast Bar, Formal Dining
  • Gross Tax: 10813
  • List User Cell Phone: 319-270-3104
  • Miscellaneous: Cable Ready, Deck, Elevator, Jetted Tub, Patio
  • Net Tax: 10626
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.93333
  • Ratio Close Price By Original Li: 0.93333
  • Ratio Current Price By Sq Ft: 227.79
  • Total Sq Ft: 3073
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1925

Interior Features

  • Appliances Included: Dishwasher, Disposal, Garage Door Opener, Hood Fan, Microwave, Range, Refrigerator, Water Heater – Gas
  • Additional Room: 1st Floor Laundry, Great Room
  • Full Bathrooms: 5
  • Bedrooms Level 1: 4
  • Fireplace Features: Built In, Electric, Free Standing, Gas, Great Room, Main/Primary Bedroom
  • Level 1 Full Bathrooms: 5
  • Master Bedroom Level: Level 1

Exterior Features

  • Construction Methods: Masonry
  • Exterior: Brick

Garage/Parking

  • Garage/Parking: 4 Or More Cars, Drive Under

Utilities

  • Heating Cooling: Central Air, Forced Air, Garage Heater/Furnace, Gas Heat

Condo/Co-op/Association

  • Association Amenities: Elevator, Laundry In Unit, Lawncaresnowremovalincluded, Secure Storage Area, Secured Entrance
  • Association Fee: 1166
  • Association: Yes

Schools

  • Elementary School: Grant Wood
  • Middle School: McKinley
  • High School: Washington

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: # Of Pets Allowed, Pets Allowed

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2024 06/07/24 Sold $700,000 -6.7% $228 / Sq Ft
05/10/2024 05/10/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $750,000 -- $244 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $11,858 $604,600 $35,500 $569,100
2022 $11,646 $562,200 $38,000 $524,200
2021 $12,140 $562,200 $38,000 $524,200
2020 $12,140 $550,200 $38,000 $512,200
2019 $11,368 $527,400 $38,000 $489,400
2018 $10,582 $527,400 $38,000 $489,400
2017 $10,582 $506,100 $15,000 $491,100
2016 $1,714 $80,600 $15,000 $65,600
2015 $3,040 $142,894 $15,000 $127,894
2014 $3,040 $98,015 $15,000 $83,015
2013 -- $98,015 $15,000 $83,015
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $324,000 Credit Line Revolving
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $700,000 None Listed On Document
Warranty Deed $665,000 None Available
Warranty Deed $359,500 None Available
Source: Public Records

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2402196

Cedar Rapids Area Association of REALTORS®

APN: 14281-86002-01052