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1518 Cambridge Drive

1518 Cambridge Drive, Burlington, IA 52601
Property in Des Moines
Sold Feb 12, 2021
$233,000
$183,000 by Two Rivers Bank & Trust
Mortgage Due Mar 01, 2036
Sold Mar 01, 2006
$167,000
Local assessors in Burlington, IA have categorized 1518 Cambridge Drive as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 11,674 square feet. The linear feet between the front and back of the lot was measured at 1,240 ft and the front of the lot was measured at 940 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1518 Cambridge Drive has a total of 2,237 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 671 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B+. The building has a gable style roof that was made of asphalt. Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1518 Cambridge Drive sold most recently in Feb 6, 2021 for a total of $233,000. If you work out the math, that's approximately a cost of $104.16 per sqft. Before that, the property was also sold for $167,000 in Feb 24, 2006. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,672 in taxes each year. 1518 Cambridge Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $242,800. If we break it down further, the land itself was valued at $31,600. Improvements to the property, however, were assessed at a total of $211,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: Average
  • Building Quality: B+
  • Construction Type: Frame
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 671
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 11,674
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 940
  • Total Building Area: 2,237
  • Building Area: 2,237
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,237
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MASON MEADOWS SUB
  • Land Acres: 0.268
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MASON MEADOWS SUB LOT 23

Ownership

  • Current Owner : SCHULTE JAMES BRYAN
  • Current Owner 2: SCHULTE JANE MARIE
  • Previous Owner : CHARLES D HAMILTON TRUST
  • Owner Before Previous Owner: JOHNSON HOMES INC

Neighborhood

  • School District Name: Burlington Community School District
  • School Tax School District: BURLINGTON SD
  • Census Tract: 000700

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB: 16-07C
  • District: 001
  • Parcel: 16-07-251-038
  • Lot: 23
  • Municipality: BURLINGTON
  • Latitude: 40.7924
  • Longitude: -91.1306

    Address

  • Full Address: 1518 Cambridge Dr
  • Address - House Number: 1518
  • Address - Street Name: Cambridge
  • Address - Suffix Type: Dr
  • State: IA
  • City Name: Burlington
  • Carrier Code: C018
  • 4-Digit Zip Code: 1433
  • Zip Code: 52601

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,672

    Appraisal Valuation

  • Standard Deviation: 0.2112
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 71
  • Final Value: 291,092
  • High Value: 352,573
  • Low Value: 229,611

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $183,000
  • First Open Lien Mortgage Lender: TWO RIVERS BANK & TRUST
  • First Open Lien Mortgage Recording Date: Feb 12, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $183,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2036

    Market Valuation

  • Market Total Value: $242,800
  • Market Land Value: $31,600
  • Market Improvement Value: $211,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $242,800
  • Assessed Land Value: $31,600
  • Assessed Improvements Value: $211,200

    Sales

  • Current Sale Contract Date: Feb 06, 2021
  • Current Sale Recording Date: Feb 12, 2021
  • Current Sale Transaction ID: 11843520749
  • Current Sale Price: $233,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021-000760
  • Previous Sale Recording Date: Mar 01, 2006
  • Previous Sale Contract Date: Feb 24, 2006
  • Previous Sale Amount: $167,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TWO RIVERS BANK & TRUST
  • First Mortgage Transaction Date: Feb 12, 2021
  • First Mortgage Loan Amount: $183,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2036

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Burlington



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1518 Cambridge Drive located in?
The 1518 Cambridge Drive is a located in the neighborhood of Des Moines in Burlington, Burlington.
What is the average sales price for listings in 1518 Cambridge Drive?
The average sales price for units in 1518 Cambridge Drive is $235,000 currently.

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