Check Availability

641 40th Street Northeast

641 40th Street Northeast, Cedar Rapids, IA 52402
Property in Kenwood Park
Sold Mar 21, 2023
$101,500
Sold Oct 21, 2022
$168,000
Local assessors in Cedar Rapids, IA have categorized 641 40th Street Northeast as a residential type of property. The home was built in 1954 and is 70 years old. The property's lot size has been calculated to be 6,098 square feet. The linear feet between the front and back of the lot was measured at 450 ft and the front of the lot was measured at 450 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 641 40th Street Northeast has a total of 864 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. Do you like to entertain? The home has both a porch and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is fair. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. The property was last sold in Mar 20, 2023 for $101,500. That's $117.48 per sqft. Prior to that sales transaction, the property was also sold in Oct 20, 2022 for $168,000. 641 40th Street Northeast was last assessed in 2023. The total value of the property was assessed at $122,700. Specifically, the land the property is located on was valued at $28,400. While improvements on the property were assessed at a total of $94,300. 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 $2,262. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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: 1954
  • Effective Year Built: 1954
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Fair
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 450
  • Lot Size Frontage Feet: 450
  • Total Building Area: 864
  • Building Area: 864
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 864
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BELMONT
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BELMONT N 135' LOT 82

Ownership

  • Current Owner : SCOTTSMAN PROPERTIES IX LLC
  • Previous Owner : BOULDER VALLE LLC
  • Owner Before Previous Owner: ROUSE AMY JO
  • Owner Before Previous Owner 2: ROUSE RAYCE
  • Ownership Rights Codes: Life Estate

Neighborhood

  • School District Name: Cedar Rapids Community School District
  • School Tax School District: CEDAR RAPIDS
  • Census Tract: 000700

Geography

  • Parcel: 14-10-1-09-003-0-0000
  • Lot: 82
  • Meridian: SEC 10 TWN 83N RNG 7W
  • Municipality: CEDAR RAPIDS
  • Latitude: 42.0194
  • Longitude: -91.6429

    Address

  • Full Address: 641 40th St Ne
  • Address - House Number: 641
  • Street Segment Direction: NE
  • Address - Street Name: 40th
  • Address - Suffix Type: St
  • State: IA
  • City Name: Cedar Rapids
  • Carrier Code: C048
  • 4-Digit Zip Code: 5658
  • Zip Code: 52402

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,262
  • Tax Rate Code Area: CEDAR RAPI

    Appraisal Valuation

  • Standard Deviation: 0.1792
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 141,469
  • High Value: 166,829
  • Low Value: 116,109

    Market Valuation

  • Market Total Value: $122,700
  • Market Land Value: $28,400
  • Market Improvement Value: $94,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $122,700
  • Assessed Land Value: $28,400
  • Assessed Improvements Value: $94,300

    Sales

  • Current Sale Contract Date: Mar 20, 2023
  • Current Sale Recording Date: Mar 21, 2023
  • Current Sale Transaction ID: 11904069309
  • Current Sale Price: $101,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Oct 21, 2022
  • Previous Sale Contract Date: Oct 20, 2022
  • Previous Sale Amount: $168,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY SAVINGS BANK
  • First Mortgage Transaction Date: Mar 21, 2023
  • First Mortgage Loan Amount: $118,500
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Credit Line (Revolving)
  • First Mortgage Loan Due Date: Apr 10, 2028

About Kenwood Park



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 641 40th Street Northeast located in?
The 641 40th Street Northeast is a located in the neighborhood of Kenwood Park in Kenwood Park, Cedar Rapids.
What is the average sales price for listings in 641 40th Street Northeast?
The average sales price for units in 641 40th Street Northeast is $0 currently.

Quantcast