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2505 K Avenue Northwest

2505 K Avenue Northwest, Cedar Rapids, IA 52405
House in Linn
Sold Jun 27, 2022
$356,000
$243,600 by Intercontinental Capital Group
Mortgage Due Jul 01, 2052
Sold Feb 21, 2022
$1,000
2505 K Avenue Northwest in Cedar Rapids, IA was first built in 2005 and is 19 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 8 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 2505 K Avenue Northwest has 1,981 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,981 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 800 ft and the linear feet between the front and back of the lot is 1,800. In total, the area measurement of the land is 17,860 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. The home has a gable style roof made of asphalt. For those who need parking, there is a garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as fair. The exterior walls of the home are made of unknown. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jun 17, 2022 for $356,000. That's $179.71 per sqft. Prior to that sales transaction, the property was also sold in Feb 18, 2022 for $1,000. 2505 K Avenue Northwest was last assessed in 2023. The total value of the property was assessed at $360,200. Specifically, the land the property is located on was valued at $49,500. While improvements on the property were assessed at a total of $310,700. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $6,156. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Fair
  • Construction Type: Frame
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Ceramic
  • Basement Type: Full basement
  • Basement Area: 1,981
  • Garage Type: Garage
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 17,860
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,981
  • Building Area: 1,981
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,981
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HICKORY RIDGE SIXTH ADDITION
  • Land Acres: 0.41
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HICKORY RIDGE 6TH LOT 37

Ownership

  • Current Owner : INGRAM COLLEEN KAY
  • Previous Owner : MATTHEW C AND BRENDA S MYERS TRUST
  • Owner Before Previous Owner: MYERS MATTHEW C
  • Owner Before Previous Owner 2: MYERS BRENDA S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cedar Rapids Community School District
  • School Tax School District: CEDAR RAPIDS
  • Census Tract: 001101

Geography

  • Parcel: 14-19-1-52-045-0-0000
  • Lot: 37
  • Meridian: SEC 19 TWN 83N RNG 7W
  • Municipality: CEDAR RAPIDS
  • Latitude: 41.986
  • Longitude: -91.7043

    Address

  • Full Address: 2505 K Ave Nw
  • Address - House Number: 2505
  • Street Segment Direction: NW
  • Address - Street Name: K
  • Address - Suffix Type: Ave
  • State: IA
  • City Name: Cedar Rapids
  • Carrier Code: C027
  • 4-Digit Zip Code: 2156
  • Zip Code: 52405

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,156
  • Tax Rate Code Area: CEDAR RAPI

    Appraisal Valuation

  • Standard Deviation: 0.1339
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 84
  • Final Value: 402,630
  • High Value: 456,579
  • Low Value: 348,681

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $293,600
  • First Open Lien Mortgage Lender: INTERCONTINENTAL CAPITAL GROUP
  • First Open Lien Mortgage Recording Date: Jun 27, 2022
  • First Open Lien Mortgage Loan Amount: $243,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2052
  • Second Open Lien Mortgage Lender: DUPAGE CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Jul 17, 2023
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 17, 2053

    Market Valuation

  • Market Total Value: $360,200
  • Market Land Value: $49,500
  • Market Improvement Value: $310,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,200
  • Assessed Land Value: $49,500
  • Assessed Improvements Value: $310,700

    Sales

  • Current Sale Contract Date: Jun 17, 2022
  • Current Sale Recording Date: Jun 27, 2022
  • Current Sale Transaction ID: 11891223998
  • Current Sale Price: $356,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Feb 21, 2022
  • Previous Sale Contract Date: Feb 18, 2022
  • Previous Sale Amount: $1,000
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: INTERCONTINENTAL CAPITAL GROUP
  • First Mortgage Transaction Date: Jun 27, 2022
  • First Mortgage Loan Amount: $243,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052

About Cedar Rapids



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Nearby Rentals

Unit for rent at

$2,050 /mo

  • Studio
Listing by Craig Byers

Frequently Asked Questions

What neighborhood is 2505 K Avenue Northwest located in?
The 2505 K Avenue Northwest is a house located in the neighborhood of Linn in Cedar Rapids, Cedar Rapids.
What is the average sales price for listings in 2505 K Avenue Northwest?
The average sales price for units in 2505 K Avenue Northwest is $0 currently.

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