Large Location Icon

550 Vernon Dr; Cedar Rapids, IA Property Details

550 Vernon Dr, Cedar Rapids, IA is a Single Family that was built in 1928. This property is currently a cash purchase and is not for sale. Our records show that 550 Vernon Dr has 3 bedrooms, and 3.25 bathrooms, and a total of 3,079 square feet. The lot size of 550 Vernon Dr is 26,092 square feet.

Off market
550 Vernon Dr SE Cedar Rapids, IA 52403
$365,000 Listing Price
3 Beds
3.25 Baths
3,079 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Trust
  • Owner Status: Trust
  • Year Built: 1928
  • Purchase Price: $415,000
  • Est. Equity / %: $423,000 / 100%
  • Gross Yield: 10.287%
  • APN: 14233-54011-00000
  • Situs County: Linn
  • Length Of Ownership: 1 year, 3 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 3.25
  • Full Bathrooms: 3
  • Total Rooms: 9
  • Partial Bathrooms: 1

Structure

  • Building Style: Brick
  • Floor Cover Type: Carpet
  • Stories: 1.5
  • Exterior Wall Type: Brick
  • Interior Wall Type: Plaster
  • Building Condition: Average
  • Roof Type: Gable
  • Roof Cover Type: Asphalt

Measurements

  • Total: 3,079/SqFt
  • Lot: 26,092/SqFt
  • Gross: 3,635/SqFt
  • Living: 3,079/SqFt
  • Basement: 1,187/SqFt
  • Building: 3,635/SqFt
  • Ground: 2,448/SqFt
  • Basement Finished: 631/SqFt
  • Basement Unfinished: 556/SqFt
  • Price Per Square Foot: $134.78

Legal Description

  • Description: VERNON HEIGHTS 5TH STR/LB 4 15
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: 41.977642 / -91.63593
  • Subdivision: Vernon Heights 5th
  • Property Class: Residential
  • County Use Code: 101

Amenities

  • Plus Four: 2749
  • Bathroom Fixtures: 10
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Garage
  • Heating: Radiant

Ownership Info

550 Vernon Dr SE has no associated ownership info
550 Vernon Dr SE has no associated ownership info.

Taxes

550 Vernon Dr SE has 10 associated Taxes items

550 Vernon 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 $356,000. The APN we've located for 550 Vernon Dr is 14233-54011-00000.

Unlock the full report
Taxes
  • Assessed Value:  $356,000
  • Assessed Year:  2025
  • Assessed County:  Linn
  • APN:  14233-54011-00000
  • Assessed Land Value:  94800
  • Market Land Value:  94800
  • Tax Amount:  4596
  • Tax Year:  2024
  • Market Value:  356000
  • Market Year:  2025

Tax History

550 Vernon Dr SE has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $356,000 Land Value $94,800 Improvement Value $261,200 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $355,400 Land Value $94,800 Improvement Value $260,600 Tax Amount $4,596 Change Rate -0.075623% Assessed CR Tax Rate +0.012932%
Year 2023 Assessed Value $270,200 Land Value $85,700 Improvement Value $184,500 Tax Amount $4,972 Change Rate -0.99% Assessed CR Tax Rate +0.018401%
Year 2022 Assessed Value $244,600 Land Value $73,400 Improvement Value $171,200 Tax Amount $497,200 Change Rate +100.843506% Assessed CR Tax Rate +2.032706%
Year 2021 Assessed Value $244,600 Land Value $73,400 Improvement Value $171,200 Tax Amount $4,882 Change Rate -0.078172% Assessed CR Tax Rate +0.019959%
Year 2020 Assessed Value $248,600 Land Value $73,400 Improvement Value $175,200 Tax Amount $5,296 Change Rate +0.02795% Assessed CR Tax Rate +0.021303%
Year 2019 Assessed Value $237,700 Land Value $73,400 Improvement Value $164,300 Tax Amount $5,152 Change Rate +0.185458% Assessed CR Tax Rate +0.021674%
Year 2018 Assessed Value $237,700 Land Value $73,400 Improvement Value $164,300 Tax Amount $4,346 Change Rate Assessed CR Tax Rate +0.018284%
Year 2017 Assessed Value $222,000 Land Value $73,400 Improvement Value $148,600 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $220,500 Land Value $73,400 Improvement Value $147,100 Tax Amount $4,687.33 Change Rate -0.010939% Assessed CR Tax Rate +0.021258%
Year 2015 Assessed Value $222,703 Land Value $73,416 Improvement Value $149,287 Tax Amount $4,739.17 Change Rate +0.040661% Assessed CR Tax Rate +0.02128%
Year 2014 Assessed Value $229,055 Land Value $73,416 Improvement Value $155,639 Tax Amount $4,554 Change Rate -0.006545% Assessed CR Tax Rate +0.019882%
Year 2013 Assessed Value $229,055 Land Value $73,416 Improvement Value $155,639 Tax Amount $4,584 Change Rate Assessed CR Tax Rate +0.020013%