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2500 Falbrook Drive Northeast

2500 Falbrook Drive Northeast, Cedar Rapids, IA 52402
Property in Linn
Sold Jan 11, 2008
$124,500
$108,000 by First National Bank
Mortgage Due May 01, 2047
Sold Nov 03, 2005
$120,000
$96,400 by American Home Mortgage Corp
Mortgage Due Nov 01, 2035
2500 Falbrook Drive Northeast has been categorized by the local assessors in Cedar Rapids, IA as a residential type of property. The building on the property was first built in 1965 and is 59 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2500 Falbrook Drive Northeast has 1,024 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 1,024 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 931 ft and across the front of the lot is 800 ft. The area measurement of the land has been determined as 10,454 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. Residents will have the luxury of enjoying both a porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The roof of the building is made of materials that we aren't sure of. The exterior walls of the building are made of wood. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2500 Falbrook Drive Northeast was last sold in Dec 26, 2007 for $124,500. According to our calculations, that's $121.58 per sqft. Prior to that sales transaction, the property was sold for $120,000 in Oct 12, 2005. Current property owners are expected to pay $3,122 in taxes per year. The property on 2500 Falbrook Drive Northeast was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $181,500. To break that down further, the land itself was valued at $45,200. While improvements to the property were assessed at a total of $136,300. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Fair
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Other
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 1,024
  • Garage Type: Garage
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Depth Feet: 931
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,024
  • Building Area: 1,024
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,024
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FOREST HILLS SEVENTH ADDITION
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FOREST HILLS 7TH LOT 82

Ownership

  • Current Owner : KLOSTERMAN KURT
  • Previous Owner : KLOSTERMAN JOYCE A
  • Owner Before Previous Owner: HANSEN HELEN A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cedar Rapids Community School District
  • School Tax School District: CEDAR RAPIDS
  • Census Tract: 000901

Geography

  • Parcel: 14-08-1-02-016-0-0000
  • Lot: 82
  • Meridian: SEC 08 TWN 83N RNG 7W
  • Municipality: CEDAR RAPIDS
  • Latitude: 42.0211
  • Longitude: -91.6797

    Address

  • Full Address: 2500 Falbrook Dr Ne
  • Address - House Number: 2500
  • Street Segment Direction: NE
  • Address - Street Name: Falbrook
  • Address - Suffix Type: Dr
  • State: IA
  • City Name: Cedar Rapids
  • Carrier Code: C097
  • 4-Digit Zip Code: 2602
  • Zip Code: 52402

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,122
  • Tax Rate Code Area: CEDAR RAPI

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 199,620
  • High Value: 233,448
  • Low Value: 165,792

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $108,000
  • First Open Lien Mortgage Lender: FIRST NATIONAL BANK
  • First Open Lien Mortgage Recording Date: May 02, 2017
  • First Open Lien Mortgage Loan Amount: $108,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: May 01, 2047

    Market Valuation

  • Market Total Value: $181,500
  • Market Land Value: $45,200
  • Market Improvement Value: $136,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $181,500
  • Assessed Land Value: $45,200
  • Assessed Improvements Value: $136,300

    Sales

  • Current Sale Contract Date: Dec 26, 2007
  • Current Sale Recording Date: Jan 11, 2008
  • Current Sale Transaction ID: 1142782988
  • Current Sale Price: $124,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200800037551
  • Previous Sale Recording Date: Nov 03, 2005
  • Previous Sale Contract Date: Oct 12, 2005
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: INDYMAC BANK FSB
  • First Mortgage Transaction Date: Jan 11, 2008
  • First Mortgage Loan Amount: $118,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jan 01, 2038

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN HOME MORTGAGE CORP
  • Previous Mortgage Transaction Date: Nov 03, 2005
  • Previous Mortgage Loan Amount: $96,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Nov 01, 2035

About Cedar Rapids



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Frequently Asked Questions

What neighborhood is 2500 Falbrook Drive Northeast located in?
The 2500 Falbrook Drive Northeast is a located in the neighborhood of Linn in Cedar Rapids, Cedar Rapids.
What is the average sales price for listings in 2500 Falbrook Drive Northeast?
The average sales price for units in 2500 Falbrook Drive Northeast is $0 currently.

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