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2508 Falcon Dr; Cedar Rapids, IA Property Details

2508 Falcon Dr, Cedar Rapids, IA is a Single Family that was built in 1964. This property is currently Financed and is not for sale. Our records show that 2508 Falcon Dr has 4 bedrooms, and 2.75 bathrooms, and a total of 1,798 square feet. The lot size of 2508 Falcon Dr is 9,016 square feet.

Off market
2508 Falcon Dr NE Cedar Rapids, IA 52402
$219,400 Estimated Value
4 Beds
2.75 Baths
1,798 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1964
  • Purchase Price: $227,000
  • Open Loans / Balance: 1 / $208,486
  • Est. Equity / %: $44,514 / 17.59%
  • Gross Yield: 9.628%
  • APN: 14081-05019-00000
  • Situs County: Linn
  • Length Of Ownership: 3 years, 2 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 2.75
  • Full Bathrooms: 2
  • Total Rooms: 7
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Floor Cover Type: Hardwood
  • Stories: 1
  • Exterior Wall Type: Wood
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Condition: Fair
  • Roof Type: Gable
  • Roof Cover Type: Asphalt
  • Deck: true

Measurements

  • Total: 1,798/SqFt
  • Lot: 9,016/SqFt
  • Gross: 2,392/SqFt
  • Living: 1,798/SqFt
  • Basement: 1,196/SqFt
  • Building: 2,392/SqFt
  • Ground: 1,196/SqFt
  • Basement Finished: 602/SqFt
  • Basement Unfinished: 594/SqFt
  • Price Per Square Foot: $126.25

Legal Description

  • Description: FOREST HILLS 3RD STR/LB 29
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: 42.0194 / -91.68009
  • Subdivision: Forest Hills 3rd
  • Property Class: Residential
  • County Use Code: 101

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2610
  • Bathroom Fixtures: 8
  • Cooling: Central
  • Garage: Garage
  • Heating: Forced air unit

Ownership Info

2508 Falcon Dr NE has no associated ownership info
2508 Falcon Dr NE has no associated ownership info.

Taxes

2508 Falcon Dr NE has 10 associated Taxes items

2508 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 $219,400. The APN we've located for 2508 Falcon Dr is 14081-05019-00000.

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Taxes
  • Assessed Value:  $219,400
  • Assessed Year:  2025
  • Assessed County:  Linn
  • APN:  14081-05019-00000
  • Assessed Land Value:  47300
  • Market Land Value:  47300
  • Tax Amount:  3664
  • Tax Year:  2024
  • Market Value:  219400
  • Market Year:  2025

Tax History

2508 Falcon Dr NE has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $219,400 Land Value $47,300 Improvement Value $172,100 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $207,100 Land Value $47,300 Improvement Value $159,800 Tax Amount $3,664 Change Rate +0.041501% Assessed CR Tax Rate +0.017692%
Year 2023 Assessed Value $207,100 Land Value $47,300 Improvement Value $159,800 Tax Amount $3,518 Change Rate -0.99% Assessed CR Tax Rate +0.016987%
Year 2022 Assessed Value $166,800 Land Value $38,200 Improvement Value $128,600 Tax Amount $351,800 Change Rate +100.79398% Assessed CR Tax Rate +2.109113%
Year 2021 Assessed Value $166,800 Land Value $38,200 Improvement Value $128,600 Tax Amount $3,456 Change Rate -0.042659% Assessed CR Tax Rate +0.020719%
Year 2020 Assessed Value $163,600 Land Value $34,600 Improvement Value $129,000 Tax Amount $3,610 Change Rate +0.027319% Assessed CR Tax Rate +0.022066%
Year 2019 Assessed Value $151,500 Land Value $32,700 Improvement Value $118,800 Tax Amount $3,514 Change Rate +0.106423% Assessed CR Tax Rate +0.023195%
Year 2018 Assessed Value $151,500 Land Value $32,700 Improvement Value $118,800 Tax Amount $3,176 Change Rate Assessed CR Tax Rate +0.020964%
Year 2017 Assessed Value $149,100 Land Value $32,700 Improvement Value $116,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $142,400 Land Value $32,700 Improvement Value $109,700 Tax Amount $3,026 Change Rate -0.000661% Assessed CR Tax Rate +0.02125%
Year 2015 Assessed Value $142,269 Land Value $32,738 Improvement Value $109,531 Tax Amount $3,028 Change Rate Assessed CR Tax Rate +0.021284%
Year 2014 Assessed Value $142,269 Land Value $32,738 Improvement Value $109,531 Tax Amount $3,028 Change Rate +0.022282% Assessed CR Tax Rate +0.021284%
Year 2013 Assessed Value $142,269 Land Value $32,738 Improvement Value $109,531 Tax Amount $2,962 Change Rate Assessed CR Tax Rate +0.02082%