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507 2nd St; Cedar Rapids, IA Property Details

507 2nd St, Cedar Rapids, IA is a Residential General that was built in 1905. This property is currently Financed and is not for sale. Our records show that 507 2nd St has 3 bedrooms, and 1.5 bathrooms, and a total of 819 square feet. The lot size of 507 2nd St is 2,395 square feet.

Off market
507 2nd St SW Cedar Rapids, IA 52404
$17,400 Estimated Value
3 Beds
1.5 Baths
819 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1905
  • Purchase Price: $59,500
  • Open Loans / Balance: 1 / $39,375
  • Est. Equity / %: $42,625 / 51.98%
  • Gross Yield: 21.307%
  • APN: 14282-80007-00000
  • Situs County: Linn
  • Length Of Ownership: 21 years, 1 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 6
  • Partial Bathrooms: 1

Structure

  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Roof Type: Gable
  • Roof Cover Type: Asphalt

Measurements

  • Total: 819/SqFt
  • Lot: 2,395/SqFt
  • Living: 819/SqFt
  • Basement: 810/SqFt
  • Building: 1,629/SqFt
  • Price Per Square Foot: $72.65

Legal Description

  • Description: KINGSTON NW 20 SW 60 LOT 9 & SE 20 SW 60 STR/LB 10 15
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: 41.972137 / -91.67159
  • Subdivision: Kingston
  • Property Class: Residential
  • County Use Code: 2

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2110
  • Bathroom Fixtures: 6
  • Cooling: Yes
  • Heating: Forced air unit

Ownership Info

507 2nd St SW has no associated ownership info
507 2nd St SW has no associated ownership info.

Taxes

507 2nd St SW has 10 associated Taxes items

507 2nd St, Cedar Rapids, IA pays taxes in Linn County, IA. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $17,400. The APN we've located for 507 2nd St is 14282-80007-00000.

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Taxes
  • Assessed Value:  $17,400
  • Assessed Year:  2026
  • Assessed County:  Linn
  • APN:  14282-80007-00000
  • Assessed Land Value:  17400
  • Market Land Value:  17400
  • Tax Amount:  316
  • Tax Year:  2025
  • Market Value:  17400
  • Market Year:  2026

Tax History

507 2nd St SW has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $17,400 Land Value $17,400 Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $316 Change Rate +0.436364% Assessed CR Tax Rate
Year 2024 Assessed Value $17,400 Land Value $17,400 Improvement Value Tax Amount $220 Change Rate -0.160305% Assessed CR Tax Rate +0.012644%
Year 2023 Assessed Value $12,400 Land Value $12,400 Improvement Value Tax Amount $262 Change Rate -0.974314% Assessed CR Tax Rate +0.021129%
Year 2022 Assessed Value $12,400 Land Value $12,400 Improvement Value Tax Amount $10,200 Change Rate Assessed CR Tax Rate +0.822581%
Year 2021 Assessed Value $12,400 Land Value $12,400 Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2020 Assessed Value $8,700 Land Value $8,700 Improvement Value Tax Amount $192 Change Rate +0.21519% Assessed CR Tax Rate +0.022069%
Year 2019 Assessed Value $7,400 Land Value $7,400 Improvement Value Tax Amount $158 Change Rate -0.077749% Assessed CR Tax Rate +0.021351%
Year 2018 Assessed Value $7,400 Land Value $7,400 Improvement Value Tax Amount $171.32 Change Rate Assessed CR Tax Rate +0.023151%
Year 2017 Assessed Value $5,000 Land Value $5,000 Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $5,000 Land Value $5,000 Improvement Value Tax Amount $106 Change Rate Assessed CR Tax Rate +0.0212%
Year 2015 Assessed Value $5,000 Land Value $5,000 Improvement Value Tax Amount $106 Change Rate -0.818803% Assessed CR Tax Rate +0.0212%
Year 2014 Assessed Value $5,000 Land Value $5,000 Improvement Value Tax Amount $585 Change Rate +0.151575% Assessed CR Tax Rate +0.117%
Year 2013 Assessed Value $5,000 Land Value $5,000 Improvement Value Tax Amount $508 Change Rate Assessed CR Tax Rate +0.1016%