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506 Colorado Road

506 Colorado Road, Cedar Falls, IA 50613
Property in Black Hawk
Sold Jun 26, 2017
$238,000
$170,000 by U.s. Bank National Association
Mortgage Due Oct 01, 2040
506 Colorado Road has been categorized by the local assessors in Cedar Falls, IA as a residential type of property. The building on the property was first built in 1958 and is 66 years old. The home has a total of 5 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 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, 506 Colorado Road has 1,984 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 finished improved basement that is 1,984 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 1,900 ft and across the front of the lot is 1,070 ft. The area measurement of the land has been determined as 20,330 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 attached garage for those who require parking. The garage measured 720 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying a patio. Moving on to the building itself. The condition of the building has been evaluated as good. 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 building has a hip style roof made of asphalt. The exterior walls of the building are made of unknown. 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 central air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 506 Colorado Road sold most recently in Jun 22, 2017 for a total of $238,000. If you work out the math, that's approximately a cost of $119.96 per sqft. 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 $4,632 in taxes each year. 506 Colorado Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $307,880. If we break it down further, the land itself was valued at $37,910. Improvements to the property, however, were assessed at a total of $269,970. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Total Rooms: 5
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Frame
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Type: Finished improved basement
  • Basement Area: 1,984
  • Garage Type: Attached
  • Garage Square Area: 720
  • Parking Space Count: 3
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 20,330
  • Lot Size Depth Feet: 1,900
  • Lot Size Frontage Feet: 1,070
  • Total Building Area: 1,984
  • Gross Building Area: 1,984
  • Building Area: 1,984
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,984
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CEDAR MEADOWS THIRD ADDITION
  • Land Acres: 0.467
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CEDAR MEADOWS THIRD ADDITION LOT 7 BLK 3

Ownership

  • Current Owner : PRESTON CHRISTOPHER M
  • Current Owner 2: PRESTON CRYSTAL R
  • Previous Owner : FEUERHAK DONALD L
  • Previous Owner 2: FEUERHAK BARBARA J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cedar Falls Community School District
  • School Tax School District: CEDAR FALLS
  • Census Tract: 002500

Geography

  • Assessors Map Reference: PM 891424276010
  • District: 35
  • Parcel: 8914-24-276-010
  • Block: 3
  • Lot: 7
  • Meridian: SEC 24 TWN 89N RNG 14W
  • Municipality: CEDAR FALLS
  • Latitude: 42.5079
  • Longitude: -92.4407

    Address

  • Full Address: 506 Colorado Rd
  • Address - House Number: 506
  • Address - Street Name: Colorado
  • Address - Suffix Type: Rd
  • State: IA
  • City Name: Cedar Falls
  • Carrier Code: C019
  • 4-Digit Zip Code: 5140
  • Zip Code: 50613

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,632

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 338,630
  • High Value: 397,947
  • Low Value: 279,313

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $391,973
  • First Open Lien Mortgage Lender: U.S. BANK NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: Oct 21, 2020
  • First Open Lien Mortgage Loan Amount: $170,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2040
  • Second Open Lien Mortgage Lender: US BANK NATIONAL ASSOCIATION
  • Second Open Lien Mortgage Recording Date: Feb 03, 2022
  • Second Open Lien Mortgage Loan Amount: $161,973
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jan 11, 2037
  • Third Open Lien Mortgage Lender: U.S. BANK NATIONAL ASSOCIATION
  • Third Open Lien Mortgage Recording Date: Apr 18, 2023
  • Third Open Lien Mortgage Loan Amount: $60,000
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: New Conventional
  • Third Open Lien Mortgage Loan Due Date: Apr 01, 2053

    Market Valuation

  • Market Total Value: $307,880
  • Market Land Value: $37,910
  • Market Improvement Value: $269,970

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $307,880
  • Assessed Land Value: $37,910
  • Assessed Improvements Value: $269,970

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 22, 2017
  • Current Sale Recording Date: Jun 26, 2017
  • Current Sale Transaction ID: 1589033455
  • Current Sale Price: $238,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017-00022739

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Jun 26, 2017
  • First Mortgage Loan Amount: $221,340
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2047

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Frequently Asked Questions

What neighborhood is 506 Colorado Road located in?
The 506 Colorado Road is a located in the neighborhood of Black Hawk in Cedar Falls, Cedar Falls.
What is the average sales price for listings in 506 Colorado Road?
The average sales price for units in 506 Colorado Road is $0 currently.

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