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124 40th St; Cedar Rapids, IA Property Details

124 40th St, Cedar Rapids, IA is a Residential General that was built in 1947. This property is not for sale. Our records show that 124 40th St has 1 bedroom, and 1 bathroom, and a total of 798 square feet. The lot size of 124 40th St is 34,499 square feet.

Off market
124 40th St NE Cedar Rapids, IA 52402
$43,500 Estimated Value
1 Beds
1 Baths
798 SqFt
Property Details

Summary

  • Owners / Type: 1 / Trust
  • Owner Status: Trust
  • Year Built: 1947
  • Est. Equity / %: $159,000 / 100%
  • Gross Yield: 8.302%
  • APN: 14112-27003-00000
  • Situs County: Linn

Rooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 4

Structure

  • Building Style: Brick
  • Floor Cover Type: Carpet
  • Stories: 1
  • Exterior Wall Type: Brick
  • Interior Wall Type: Plaster
  • Building Condition: Poor
  • Roof Type: Hip
  • Roof Cover Type: Asphalt

Measurements

  • Total: 798/SqFt
  • Lot: 34,499/SqFt
  • Living: 798/SqFt
  • Building: 798/SqFt

Legal Description

  • Description: IRR SUR NW 11-83-7 E 80 W 310 STR/LB 3
Building Insights

Land Information

  • Property Type: Residential General
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Cedar Rapids Community School District
  • Lat / Lon: 42.020126 / -91.63413
  • Property Class: Residential
  • County Use Code: 2

Amenities

  • Heating Fuel Type: None
  • Plus Four: 5614
  • Bathroom Fixtures: 3
  • Cooling: None
  • Garage: Garage
  • Heating: None

Ownership Info

124 40th St NE has no associated ownership info
124 40th St NE has no associated ownership info.

Taxes

124 40th St NE has 10 associated Taxes items

124 40th St, Cedar Rapids, IA pays taxes in Linn County, IA. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $43,500. The APN we've located for 124 40th St is 14112-27003-00000.

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Taxes
  • Assessed Value:  $43,500
  • Assessed Year:  2025
  • Assessed County:  Linn
  • APN:  14112-27003-00000
  • Assessed Land Value:  43500
  • Market Land Value:  43500
  • Tax Amount:  770
  • Tax Year:  2024
  • Market Value:  43500
  • Market Year:  2025

Tax History

124 40th St NE has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $43,500 Land Value $43,500 Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $43,500 Land Value $43,500 Improvement Value Tax Amount $770 Change Rate +5.311475% Assessed CR Tax Rate +0.017701%
Year 2023 Assessed Value $43,500 Land Value $43,500 Improvement Value Tax Amount $122 Change Rate -0.99% Assessed CR Tax Rate +0.002805%
Year 2022 Assessed Value $39,700 Land Value $39,700 Improvement Value Tax Amount $12,200 Change Rate +85.524826% Assessed CR Tax Rate +0.307305%
Year 2021 Assessed Value $34,000 Land Value $34,000 Improvement Value Tax Amount $141 Change Rate -0.066225% Assessed CR Tax Rate +0.004147%
Year 2020 Assessed Value $65,800 Land Value $34,000 Improvement Value $31,800 Tax Amount $151 Change Rate -0.903576% Assessed CR Tax Rate +0.002295%
Year 2019 Assessed Value $65,200 Land Value $35,900 Improvement Value $29,300 Tax Amount $1,566 Change Rate +0.146413% Assessed CR Tax Rate +0.024018%
Year 2018 Assessed Value $65,200 Land Value $35,900 Improvement Value $29,300 Tax Amount $1,366 Change Rate Assessed CR Tax Rate +0.020951%
Year 2017 Assessed Value $67,700 Land Value $35,900 Improvement Value $31,800 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $66,000 Land Value $35,900 Improvement Value $30,100 Tax Amount $1,402 Change Rate -0.046259% Assessed CR Tax Rate +0.021242%
Year 2015 Assessed Value $69,054 Land Value $36,288 Improvement Value $32,766 Tax Amount $1,470 Change Rate -0.055877% Assessed CR Tax Rate +0.021288%
Year 2014 Assessed Value $70,078 Land Value $36,288 Improvement Value $33,790 Tax Amount $1,557 Change Rate +0.831765% Assessed CR Tax Rate +0.022218%
Year 2013 Assessed Value $70,078 Land Value $36,288 Improvement Value $33,790 Tax Amount $850 Change Rate Assessed CR Tax Rate +0.012129%