507 40th St NE, Cedar Rapids, IA, 52402

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507 40th St NE, Cedar Rapids$145,000

Buyer Closing Credits

$1,722^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingDetached, Garage

Garage2 spaces

Year Built1954

HeatingForced Air, Natural Gas

CoolingCentral Air

MLS #2407875

Lot Size0.19 Acres

StatusActive

About 507 40th St NE

Welcome to 507 40th St NE, a delightful and well-maintained property in the heart of Cedar Rapids! This 3-bedroom, 1-bathroom home offers comfort, an updated interior, and convenience. You will find an inviting layout perfect for families or first-time homebuyers. You will also enjoy new carpet throughout, newer windows, a new roof, newer water heater, and updated amenities in the home. The large fenced back yard is a great space and there is plenty of garage space for your toys!

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Property Details

Property Features

Property Information:

• Architectural Style: Ranch
• Year Built: 1954
• Living Area: 960 SqFt

Listing Office:

• Office Name: SKOGMAN REALTY
• Office Phone: (319) 366-6427
• Listing Agent: Jason Vestweber

Interior Features

Interior Information:

• Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator, Washer
• Basement: No
• Interior: Eat-in Kitchen, Main Level Primary

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 3

Exterior Features

Parking Information:

• Garage Space: 2 spaces
• Parking: Detached, Garage

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Lot Features

Lot Information:

• Lot Size: 0.19 Acres

Utilities

Utilities Information:

• Heating: Forced Air, Natural Gas
• Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

• List Price: $145,000
• Price Per SqFt: $151/SqFt

Tax Information:

• Annual Amount: $1,864
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in Cedar Rapids, IA.

Cedar Rapids, IA

City

Med. Sold Price

$198.4K

Med. Price/SqFt

$128

Avg. Days On Market

37

# of Sold Homes

151

507 40th St NE vs Cedar Rapids

34 DAYS ON ROCKET

-3 Days

$145,000

-$53.4K Less

$151/SqFt

+$23 More

KEY TAKEAWAY

This property is $53.4K less than the Median Sold Price and $23/SqFt more than other homes in Cedar Rapids, IA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: CDR
• MLS Number: #2407875

Listing Office:

• Office Name: SKOGMAN REALTY
• Office Phone: (319) 366-6427
• Listing Agent: Jason Vestweber

Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.
Copyright 2024 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 8:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Apr 23, 2012	Apr 23, 2012Home Sold	$50,000
Oct 19, 2004	Oct 19, 2004Home Sold	$75,500

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$1,864	$84,500
2018	$1,630	$77,800

History based on county public records data.

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**Disclosures

Rocket Homes›Iowa›Linn County›Cedar Rapids›52402›507 40th St NE

This home is located at 507 40th St NE in Cedar Rapids, IA and zip code 52402 in the Kenwood Park neighborhood. This 960 square foot home, which was built in 1954, sits on a 0.19 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $145,000.

Over 32 listings were sold over their listed price in November 2024 in Cedar Rapids, IA. In the same period over 84 listings were sold below the listed price and 35 listings were sold for the listed price. The inventory of homes for sale in Cedar Rapids, IA between October 2024 and November 2024 decreased by 7.3%. While the average time on the market in November 2024 was 37 days, the median list price was $198,485.

From Rocket Homes Real Estate and based on county public records data.