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2501 Falcon Dr; Cedar Rapids, IA Property Details

2501 Falcon Dr, Cedar Rapids, IA is a Single Family that was built in 1968. This property is currently Financed and is not for sale. Our records show that 2501 Falcon Dr has 4 bedrooms, and 3 bathrooms, and a total of 1,837 square feet. The lot size of 2501 Falcon Dr is 10,018 square feet.

Off market
2501 Falcon Dr NE Cedar Rapids, IA 52402
$202,000 Listing Price
4 Beds
3 Baths
1,837 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1968
  • Purchase Price: $202,000
  • Open Loans / Balance: 1 / $139,737
  • Est. Equity / %: $147,263 / 51.31%
  • Gross Yield: 10.215%
  • APN: 14081-06001-00000
  • Situs County: Linn
  • Length Of Ownership: 7 years

Rooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Total Rooms: 8

Structure

  • Building Style: Frame
  • Floor Cover Type: Ceramic
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Condition: Very Good
  • Roof Type: Hip
  • Roof Cover Type: Asphalt
  • Deck: true

Measurements

  • Total: 1,837/SqFt
  • Lot: 10,018/SqFt
  • Gross: 2,765/SqFt
  • Living: 1,837/SqFt
  • Basement: 1,296/SqFt
  • Building: 2,673/SqFt
  • Ground: 1,377/SqFt
  • Basement Finished: 460/SqFt
  • Basement Unfinished: 836/SqFt
  • Price Per Square Foot: $109.96

Legal Description

  • Description: FOREST HILLS 3RD STR/LB 19
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Cedar Rapids Community School District
  • Lat / Lon: 42.01888 / -91.67973
  • Subdivision: Forest Hills 3rd
  • Property Class: Residential
  • County Use Code: 101

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2609
  • Bathroom Fixtures: 6
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Underground/Basement
  • Heating: Forced air unit
  • Parking: 2

Ownership Info

2501 Falcon Dr NE has no associated ownership info
2501 Falcon Dr NE has no associated ownership info.

Taxes

2501 Falcon Dr NE has 10 associated Taxes items

2501 Falcon Dr, 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 $265,400. The APN we've located for 2501 Falcon Dr is 14081-06001-00000.

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Taxes
  • Assessed Value:  $265,400
  • Assessed Year:  2025
  • Assessed County:  Linn
  • APN:  14081-06001-00000
  • Assessed Land Value:  48200
  • Market Land Value:  48200
  • Tax Amount:  4226
  • Tax Year:  2024
  • Market Value:  265400
  • Market Year:  2025

Tax History

2501 Falcon Dr NE has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $265,400 Land Value $48,200 Improvement Value $217,200 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $249,300 Land Value $48,200 Improvement Value $201,100 Tax Amount $4,226 Change Rate +0.035277% Assessed CR Tax Rate +0.016951%
Year 2023 Assessed Value $249,300 Land Value $48,200 Improvement Value $201,100 Tax Amount $4,082 Change Rate -0.99% Assessed CR Tax Rate +0.016374%
Year 2022 Assessed Value $202,400 Land Value $38,900 Improvement Value $163,500 Tax Amount $408,200 Change Rate +105.357475% Assessed CR Tax Rate +2.016798%
Year 2021 Assessed Value $194,200 Land Value $38,900 Improvement Value $155,300 Tax Amount $3,838 Change Rate +0.003661% Assessed CR Tax Rate +0.019763%
Year 2020 Assessed Value $181,900 Land Value $35,200 Improvement Value $146,700 Tax Amount $3,824 Change Rate +0.095702% Assessed CR Tax Rate +0.021023%
Year 2019 Assessed Value $156,500 Land Value $33,300 Improvement Value $123,200 Tax Amount $3,490 Change Rate +0.126533% Assessed CR Tax Rate +0.0223%
Year 2018 Assessed Value $156,500 Land Value $33,300 Improvement Value $123,200 Tax Amount $3,098 Change Rate Assessed CR Tax Rate +0.019796%
Year 2017 Assessed Value $155,100 Land Value $33,300 Improvement Value $121,800 Tax Amount $3,098 Change Rate -0.015883% Assessed CR Tax Rate +0.019974%
Year 2016 Assessed Value $148,100 Land Value $33,300 Improvement Value $114,800 Tax Amount $3,148 Change Rate -0.017478% Assessed CR Tax Rate +0.021256%
Year 2015 Assessed Value $150,558 Land Value $33,345 Improvement Value $117,213 Tax Amount $3,204 Change Rate Assessed CR Tax Rate +0.021281%
Year 2014 Assessed Value $150,558 Land Value $33,345 Improvement Value $117,213 Tax Amount $3,204 Change Rate +0.021684% Assessed CR Tax Rate +0.021281%
Year 2013 Assessed Value $150,558 Land Value $33,345 Improvement Value $117,213 Tax Amount $3,136 Change Rate Assessed CR Tax Rate +0.020829%