NOT LISTED FOR SALE

Bottleworks Loft Condos 905 3rd St SE Unit 505 Cedar Rapids, IA 52401

Oak Hill Jackson Neighborhood

Estimated Value: $251,000

2 Beds
2 Baths
1,220 Sq Ft
$416/mo HOA Fee

Last Sold December 18, 2020

Last sale price $191,000 $157 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,993/month

63 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Breakfast Bar
  • Living Room
  • Tandem Parking
  • Patio
  • Geothermal Heating and Cooling

About This Home

As of December 2020

Come check out this prime example of downtown living! This corner unit offers one of the best views available of downtown Cedar Rapids, and provides tons of natural light through the massive windows. You'll love the modern styling and industrial architecture. The master bedroom features a full bath and a newly redone walk in closet with built in storage. This unit is also one of the few that comes with 2 parking spaces in the indoor, heated parking garage! This highly sought after 2 bedroom, top floor unit comes with some of the best neighbors in town. Not to mention it’s located in the heart of the Newbo district, just a short walk away from a variety of restaurants, shops, and events that happen year round! Pets are allowed and the Geothermal assessment is PAID IN FULL! Come check it out today!

Last Agent to Sell the Property

Nick Wallraff

KW Red Heartland Listed on: 09/04/2020

Last Buyer's Agent

Patrick Donohoe

Realty87

Realty87

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,212

Year Built

  • 1946

HOA Fees

  • $416 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Masonry

Interior Spaces

  • 1,220 Sq Ft Home
  • Living Room

Kitchen

  • Breakfast Bar
  • Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Tandem Parking

Additional Features

  • Patio
  • Geothermal Heating and Cooling

Community Details

Recreation

  • Snow Removal

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,212

Year Built

1946

Lot Details

0

HOA Fees

$416 per month

Listing Details

  • Above Grade Finished Sq Ft: 1220
  • Association Fee Frequency: Month
  • Association Management: By Association
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 3rd Floor +
  • Dining Features: Breakfast Bar
  • Gross Tax: 4212
  • List User Cell Phone: 319-777-8998
  • Miscellaneous: Elevator, Patio
  • Net Tax: 4212
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.95980
  • Ratio Close Price By Original Li: 0.91388
  • Ratio Current Price By Sq Ft: 156.56
  • Total Sq Ft: 1220
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1946

Interior Features

  • Appliances Included: Range
  • Additional Room: Living Room
  • Full Bathrooms: 2
  • Bedrooms Level 1: 2
  • Level 1 Full Bathrooms: 2
  • Master Bedroom Level: Level 1

Exterior Features

  • Construction Methods: Masonry
  • Exterior: Brick

Garage/Parking

  • Garage/Parking: 2 Cars, Tandem
  • Garage Size: 2 Car

Utilities

  • Heating Cooling: Geothermal

Condo/Co-op/Association

  • Association Amenities: Lawncaresnowremovaloptional
  • Association Fee: 416
  • Association: Yes

Schools

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

Lot Info

  • Lot Size: Common

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Dec 15, 2020
Sold by
Conrad Properties Llc
Bought by
Garland Donna C and Garland Phillip J
Seller's Agent
Nick Wallraff
KW Red Heartland
Buyer's Agent
Patrick Donohoe
Realty87
List Price
$209,000
Sold Price
$191,000
Premium/Discount to List
-$18,000
-8.61%
Current Estimated Value
$251,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,000
Original Mortgage
$91,000
Outstanding Balance
$81,958
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 28, 2019
Closed on
Jun 27, 2019
Sold by
Leytze Rudolph Robert
Bought by
Spellman Luke M and Giesler Spellman Melanie L
Seller's Agent
Judi Mccoy
Iowa Realty, Inc. - CR
Buyer's Agent
Kimberly Schillig
Lepic-Kroeger, REALTORS
List Price
$225,000
Sold Price
$205,500
Premium/Discount to List
-$19,500
-8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.86%
Original Mortgage
$184,950
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 20, 2012
Closed on
May 30, 2012
Sold by
Boyle Cynthia M
Bought by
Leytze Rudolph Robert
Seller's Agent
Steve Emig
SKOGMAN REALTY
Buyer's Agent
Betsy Harrison
SKOGMAN REALTY CORRIDOR
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.64%
Original Mortgage
$175,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 30, 2011
Sold by
Pbi Grr Llc
Bought by
Boyle Cynthia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
4.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Garland Donna C $191,000 None Available
Spellman Luke M $205,500 None Available
Leytze Rudolph Robert $215,000 None Available
Boyle Cynthia M $223,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garland Donna C $91,000
Previous Owner Spellman Luke M $184,950
Previous Owner Leytze Rudolph Robert $175,000
Previous Owner Boyle Cynthia M $201,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $191,000 -4.0% $157 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
10/13/2020 10/13/20 Price Changed $199,000 -4.8% $163 / Sq Ft
09/04/2020 09/04/20 For Sale $209,000 +4.5% $171 / Sq Ft
09/02/2020 09/02/20 Sold $200,000 0.0% $164 / Sq Ft
08/06/2020 08/06/20 Price Changed $200,000 -2.4% $164 / Sq Ft
07/23/2020 07/23/20 Price Changed $205,000 -2.4% $168 / Sq Ft
07/09/2020 07/09/20 Price Changed $210,000 -3.7% $172 / Sq Ft
06/25/2020 06/25/20 For Sale $218,000 +6.1% $179 / Sq Ft
07/01/2019 07/01/19 Sold $205,500 -3.9% $168 / Sq Ft
06/03/2019 06/03/19 Pending -- -- --
04/24/2019 04/24/19 Price Changed $213,950 -4.9% $175 / Sq Ft
02/28/2019 02/28/19 For Sale $225,000 +4.7% $184 / Sq Ft
06/07/2012 06/07/12 Sold $215,000 -4.4% $176 / Sq Ft
05/10/2012 05/10/12 Pending -- -- --
02/20/2012 02/20/12 For Sale $225,000 -- $184 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2022 $4,134 $207,600 $26,000 $181,600
2021 $4,498 $207,600 $26,000 $181,600
2020 $4,498 $203,900 $26,000 $177,900
2019 $4,212 $203,900 $26,000 $177,900
2018 $4,314 $203,900 $26,000 $177,900
2017 $4,438 $212,300 $15,000 $197,300
2016 $4,465 $210,100 $15,000 $195,100
2015 $4,615 $216,897 $15,000 $201,897
2014 $4,430 $216,897 $15,000 $201,897
2013 -- $216,897 $15,000 $201,897
Source: Public Records

Agents Affiliated with this Home

  • Nick Wallraff

    Seller's Agent in 2020

    Nick Wallraff

    KW Red Heartland

    (319) 777-8998

    2 in this area

    30 Total Sales

    Nick Wallraff
    Section Image
  • Patrick Donohoe

    Buyer's Agent in 2020

    Patrick Donohoe

    Realty87

    (319) 560-7898

    1 in this area

    88 Total Sales

    Patrick Donohoe
    Section Image

  • B

    Buyer's Agent in 2020

    Bill Grabe Sr.

    Realty87

    Section Image

  • J

    Seller's Agent in 2019

    Judi Mccoy

    Iowa Realty, Inc. - CR

    Section Image
  • Kimberly Schillig

    Buyer's Agent in 2019

    Kimberly Schillig

    Lepic-Kroeger, REALTORS

    (310) 795-2133

    213 Total Sales

    Kimberly Schillig
    Section Image
  • Steve Emig

    Seller's Agent in 2012

    Steve Emig

    SKOGMAN REALTY

    (319) 389-1999

    2 in this area

    113 Total Sales

    Steve Emig
    Section Image
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About Bottleworks Loft Condos

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2006333

Cedar Rapids Area Association of REALTORS®

APN: 14281-86001-01049

Iowa Linn County Cedar Rapids 52401 Oak Hill Jackson

905 3rd St SE Unit 505, Cedar Rapids, IA

This home is located at 905 3rd St SE Unit 505, Cedar Rapids, IA 52401 since 04 September 2020 and is currently priced at $251,000, approximately $205 per square foot. This property was built in 1946. 905 3rd St SE Unit 505 is a home located in Linn County with nearby schools including Grant Wood Elementary School, McKinley STEAM Academy, and George Washington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cedar Rapids Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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