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507 Fairview Drive Southeast

507 Fairview Drive Southeast, Cedar Rapids, IA 52403
Property in Linn
Sold Mar 10, 2023
$242,500
Sold Oct 14, 2022
$310,500
507 Fairview 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 1914 and is 110 years old. The home has a total of 10 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 507 Fairview Drive Southeast has 3,437 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 1,544 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 area measurement of the land has been determined as 35,719 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. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a open porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as unsound. 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 brick control joints. The building has a gable style roof made of asphalt. The exterior walls of the building are made of brick. While the interior walls have been made of plaster. 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. The property was last sold in Feb 28, 2023 for $242,500. That's $70.56 per sqft. Prior to that sales transaction, the property was also sold in Oct 4, 2022 for $310,500. 507 Fairview Drive Southeast was last assessed in 2023. The total value of the property was assessed at $255,400. Specifically, the land the property is located on was valued at $122,600. While improvements on the property were assessed at a total of $132,800. 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 $7,732. The initial tax year of delinquency was in 2018. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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: 1914
  • Effective Year Built: 1914
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Unsound
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 1,544
  • Garage Type: Garage
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 35,719
  • Total Building Area: 3,437
  • Building Area: 3,437
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 3,437
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VERNON HEIGHTS 2ND
  • Land Acres: 0.82
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VERNON HEIGHTS 2ND LOT 1 BLK 5

Ownership

  • Current Owner : PORTER JOSEPH
  • Current Owner 2: PORTER MELISSA
  • Previous Owner : CARRINGTON MORTGAGE SERVICES LLC
  • Owner Before Previous Owner: SHERIFFS OF LINN COUNTY
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Cedar Rapids Community School District
  • School Tax School District: CEDAR RAPIDS
  • Census Tract: 001700

Geography

  • Parcel: 14-22-4-08-001-0-0000
  • Block: 5
  • Lot: 1
  • Meridian: SEC 22 TWN 83N RNG 7W
  • Municipality: CEDAR RAPIDS
  • Latitude: 41.9816
  • Longitude: -91.6419

    Address

  • Full Address: 507 Fairview Dr Se
  • Address - House Number: 507
  • Street Segment Direction: SE
  • Address - Street Name: Fairview
  • Address - Suffix Type: Dr
  • State: IA
  • City Name: Cedar Rapids
  • Carrier Code: C058
  • 4-Digit Zip Code: 2720
  • Zip Code: 52403

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,732
  • Intital Tax Deliquent Year: 2018
  • Tax Rate Code Area: CEDAR RAPI

    Appraisal Valuation

  • Standard Deviation: 0.087
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 239,371
  • High Value: 260,204
  • Low Value: 218,538

    Market Valuation

  • Market Total Value: $255,400
  • Market Land Value: $122,600
  • Market Improvement Value: $132,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $255,400
  • Assessed Land Value: $122,600
  • Assessed Improvements Value: $132,800

    Sales

  • Current Sale Contract Date: Feb 28, 2023
  • Current Sale Recording Date: Mar 10, 2023
  • Current Sale Transaction ID: 11903657823
  • Current Sale Price: $242,500
  • Current Sale Document Type: Special Warranty Deed
  • Previous Sale Recording Date: Oct 14, 2022
  • Previous Sale Contract Date: Oct 04, 2022
  • Previous Sale Amount: $310,500
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: HILLS BANK AND TRUST COMPANY
  • First Mortgage Transaction Date: Mar 10, 2023
  • First Mortgage Loan Amount: $205,913
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Cedar Rapids



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Frequently Asked Questions

What neighborhood is 507 Fairview Drive Southeast located in?
The 507 Fairview Drive Southeast is a located in the neighborhood of Linn in Cedar Rapids, Cedar Rapids.
What is the average sales price for listings in 507 Fairview Drive Southeast?
The average sales price for units in 507 Fairview Drive Southeast is $0 currently.

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