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508 Forest Drive Southeast

508 Forest Drive Southeast, Cedar Rapids, IA 52403
Property in Linn
Sold Jun 04, 2007
$119,500
$115,125 by Community Savings Bank
Mortgage Due Jul 01, 2052
Sold Jun 29, 2004
$122,500
$98,400 by John Deere Community Cu
Mortgage Due Jul 01, 2034
508 Forest Drive Southeast 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 1969 and is 55 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, 508 Forest Drive Southeast has 1,358 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 884 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 500 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 8,276 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 average. 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 gable 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 air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. 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, 508 Forest Drive Southeast was last sold in May 11, 2007 for $119,500. According to our calculations, that's $88.00 per sqft. Prior to that sales transaction, the property was sold for $122,500 in Jun 28, 2004. Current property owners are expected to pay $355 in taxes per year. The property on 508 Forest Drive Southeast was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $190,700. To break that down further, the land itself was valued at $39,400. While improvements to the property were assessed at a total of $151,300. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1969
  • Effective Year Built: 1969
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Construction Type: Frame
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 884
  • Garage Type: Garage
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,358
  • Building Area: 1,358
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,358
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VERNON HEIGHTS 7TH
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VERNON HEIGHTS 7TH LOT 28 BLK 32

Ownership

  • Current Owner : GANTNER JOSEPH C
  • Previous Owner : EASTIN DAVID S
  • Previous Owner 2: EASTIN ROBYN
  • Owner Before Previous Owner: WOLF KEVIN R
  • Owner Before Previous Owner 2: WOLF CARRIE E

Neighborhood

  • School District Name: Cedar Rapids Community School District
  • School Tax School District: CEDAR RAPIDS
  • Census Tract: 001600

Geography

  • Parcel: 14-23-3-09-012-0-0000
  • Block: 32
  • Lot: 28
  • Meridian: SEC 23 TWN 83N RNG 7W
  • Municipality: CEDAR RAPIDS
  • Latitude: 41.9809
  • Longitude: -91.6329

    Address

  • Full Address: 508 Forest Dr Se
  • Address - House Number: 508
  • Street Segment Direction: SE
  • Address - Street Name: Forest
  • Address - Suffix Type: Dr
  • State: IA
  • City Name: Cedar Rapids
  • Carrier Code: C044
  • 4-Digit Zip Code: 4235
  • Zip Code: 52403

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $355
  • Tax Rate Code Area: CEDAR RAPI

    Appraisal Valuation

  • Standard Deviation: 0.2007
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 201,642
  • High Value: 242,116
  • Low Value: 161,167

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $115,125
  • First Open Lien Mortgage Lender: COMMUNITY SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jun 30, 2022
  • First Open Lien Mortgage Loan Amount: $115,125
  • 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

    Market Valuation

  • Market Total Value: $190,700
  • Market Land Value: $39,400
  • Market Improvement Value: $151,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $190,700
  • Assessed Land Value: $39,400
  • Assessed Improvements Value: $151,300

    Sales

  • Current Sale Contract Date: May 11, 2007
  • Current Sale Recording Date: Jun 04, 2007
  • Current Sale Transaction ID: 1103384463
  • Current Sale Price: $119,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200700064268
  • Previous Sale Recording Date: Jun 29, 2004
  • Previous Sale Contract Date: Jun 28, 2004
  • Previous Sale Amount: $122,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HILLS BANK AND TRUST CO
  • First Mortgage Transaction Date: Jun 04, 2007
  • First Mortgage Loan Amount: $96,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jun 01, 2037

    Previous Mortgages

  • Previous Mortgage Lender: JOHN DEERE COMMUNITY CU
  • Previous Mortgage Transaction Date: Jun 29, 2004
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $98,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Jul 01, 2034

About Cedar Rapids



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Frequently Asked Questions

What neighborhood is 508 Forest Drive Southeast located in?
The 508 Forest Drive Southeast is a located in the neighborhood of Linn in Cedar Rapids, Cedar Rapids.
What is the average sales price for listings in 508 Forest Drive Southeast?
The average sales price for units in 508 Forest Drive Southeast is $0 currently.

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