NOT LISTED FOR SALE

985 Capital Dr SW Cedar Rapids, IA 52404

-- Bed
-- Bath
115,752 Sq Ft
11 Acres

About This Home

This home is located at 985 Capital Dr SW, Cedar Rapids, IA 52404. 985 Capital Dr SW is a home located in Linn County with nearby schools including Prairie Crest Elementary School, Prairie Heights Elementary School, and Prairie View Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2025
Sold by
A-M-J Associate Limited Partnership
Bought by
Elite Re Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,974,308
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2015
Sold by
Whitecap Cedar Repids Associates Llc
Bought by
A M J Associates Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
0.78%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 18, 2008
Sold by
Jones Iowa Llc
Bought by
Whitecap Cedar Rapids Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,100,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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
Elite Re Investments Llc $6,975,000 None Listed On Document
A M J Associates Lp $12,450,000 First American Title Co
Whitecap Cedar Rapids Associates Llc $4,994,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elite Re Investments Llc $5,000,000
Previous Owner A M J Associates Lp $5,000,000
Previous Owner Whitecap Cedar Rapids Associates Llc $3,100,000
Source: Public Records

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
2025 $231,208 $6,876,300 $970,700 $5,905,600
2024 $207,098 $6,638,800 $970,700 $5,668,100
2023 $207,098 $6,355,500 $970,700 $5,384,800
2022 $204,264 $5,735,300 $970,700 $4,764,600
2021 $188,488 $10,499,900 $970,700 $9,529,200
2020 $188,488 $10,202,200 $747,200 $9,455,000
2019 $197,914 $5,673,000 $747,200 $4,925,800
2018 $196,992 $5,673,000 $747,200 $4,925,800
2017 $125,925 $4,838,500 $747,200 $4,091,300
2016 $125,925 $3,596,900 $747,200 $2,849,700
2015 $100,769 $2,900,000 $747,200 $2,152,800
2014 $98,336 $3,025,229 $747,200 $2,278,029
2013 $102,668 $3,025,229 $747,200 $2,278,029
Source: Public Records

Map

Iowa Linn County Cedar Rapids 52404

985 Capital Dr SW, Cedar Rapids, IA

This home is located at 985 Capital Dr SW, Cedar Rapids, IA 52404. 985 Capital Dr SW is a home located in Linn County with nearby schools including Prairie Crest Elementary School, Prairie Heights Elementary School, and Prairie View Elementary School.

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