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1331 Tower Ln; Cedar Rapids, IA Property Details

1331 Tower Ln, Cedar Rapids, IA is a Condominium that was built in 2001. This property is currently a cash purchase and is not for sale. Our records show that 1331 Tower Ln has 2 bedrooms, and 2 bathrooms, and a total of 1,120 square feet. The lot size of 1331 Tower Ln is 492,222 square feet.

Off market
1331 Tower Ln NE Cedar Rapids, IA 52402
$184,300 Estimated Value
2 Beds
2 Baths
1,120 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Trust
  • Owner Status: Trust
  • Year Built: 2001
  • Purchase Price: $125,500
  • Est. Equity / %: $206,000 / 100%
  • Gross Yield: 10.049%
  • APN: 11342-56003-01048
  • Situs County: Linn
  • Length Of Ownership: 13 years, 6 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 4

Structure

  • Building Style: Frame
  • Floor Cover Type: Tile
  • Stories: 1
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Condition: Fair
  • Roof Type: Gable
  • Roof Cover Type: Asphalt

Measurements

  • Total: 1,120/SqFt
  • Lot: 492,222/SqFt
  • Gross: 1,120/SqFt
  • Living: 1,120/SqFt
  • Building: 1,120/SqFt
  • Ground: 1,120/SqFt
  • Price Per Square Foot: $112.05

Legal Description

  • Description: SUMMER HILL CONDO UNIT 1331
Building Insights

Land Information

  • Property Type: Condominium
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Linn-Mar Community School District
  • Lat / Lon: 42.04577 / -91.6557
  • Subdivision: Summer Hill Condo
  • Property Class: Residential
  • County Use Code: 113

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 7456
  • Bathroom Fixtures: 6
  • Cooling: Central
  • Garage: Garage
  • Heating: Forced air unit

HOA

  • H O A One: $185
  • H O A Amount: $185
  • H O A One Frequency: Monthly
  • H O A One Name: Summer Hill Condo
  • H O A One Type: Condo  Owner Association
  • H O A Two Name: Summer Hill Homeowners Association Inc
  • H O A Two Type: Condo  Owner Association

Ownership Info

1331 Tower Ln NE has no associated ownership info
1331 Tower Ln NE has no associated ownership info.

Taxes

1331 Tower Ln NE has 10 associated Taxes items

1331 Tower Ln, 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 $184,300. The APN we've located for 1331 Tower Ln is 11342-56003-01048.

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Taxes
  • Assessed Value:  $184,300
  • Assessed Year:  2025
  • Assessed County:  Linn
  • APN:  11342-56003-01048
  • Assessed Land Value:  32000
  • Market Land Value:  32000
  • Tax Amount:  3144
  • Tax Year:  2024
  • Market Value:  184300
  • Market Year:  2025

Tax History

1331 Tower Ln NE has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $184,300 Land Value $32,000 Improvement Value $152,300 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $160,500 Land Value $27,000 Improvement Value $133,500 Tax Amount $3,144 Change Rate -0.02843% Assessed CR Tax Rate +0.019589%
Year 2023 Assessed Value $160,500 Land Value $27,000 Improvement Value $133,500 Tax Amount $3,236 Change Rate -0.99% Assessed CR Tax Rate +0.020162%
Year 2022 Assessed Value $141,600 Land Value $24,000 Improvement Value $117,600 Tax Amount $323,600 Change Rate +105.237686% Assessed CR Tax Rate +2.285311%
Year 2021 Assessed Value $137,600 Land Value $20,000 Improvement Value $117,600 Tax Amount $3,046 Change Rate -0.058132% Assessed CR Tax Rate +0.022137%
Year 2020 Assessed Value $137,700 Land Value $20,000 Improvement Value $117,700 Tax Amount $3,234 Change Rate +0.023418% Assessed CR Tax Rate +0.023486%
Year 2019 Assessed Value $138,900 Land Value $20,000 Improvement Value $118,900 Tax Amount $3,160 Change Rate +0.122957% Assessed CR Tax Rate +0.02275%
Year 2018 Assessed Value $138,900 Land Value $20,000 Improvement Value $118,900 Tax Amount $2,814 Change Rate Assessed CR Tax Rate +0.020259%
Year 2017 Assessed Value $114,900 Land Value $7,000 Improvement Value $107,900 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $114,900 Land Value $7,000 Improvement Value $107,900 Tax Amount $2,570 Change Rate +0.021463% Assessed CR Tax Rate +0.022367%
Year 2015 Assessed Value $112,357 Land Value $7,000 Improvement Value $105,357 Tax Amount $2,516 Change Rate Assessed CR Tax Rate +0.022393%
Year 2014 Assessed Value $112,357 Land Value $7,000 Improvement Value $105,357 Tax Amount $2,516 Change Rate +0.123214% Assessed CR Tax Rate +0.022393%
Year 2013 Assessed Value $112,357 Land Value $7,000 Improvement Value $105,357 Tax Amount $2,240 Change Rate Assessed CR Tax Rate +0.019936%