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5840 Wells Ln; Cedar Rapids, IA Property Details

5840 Wells Ln, Cedar Rapids, IA is a Single Family that was built in 1989. This property is currently Financed and is not for sale. Our records show that 5840 Wells Ln has 4 bedrooms, and 2.5 bathrooms, and a total of 1,871 square feet. The lot size of 5840 Wells Ln is 52,272 square feet.

Off market
5840 Wells Ln Cedar Rapids, IA 52411
$305,000 Listing Price
4 Beds
2.5 Baths
1,871 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1989
  • Purchase Price: $305,000
  • Open Loans / Balance: 1 / $260,179
  • Est. Equity / %: $125,821 / 32.6%
  • Gross Yield: 10.753%
  • APN: 12361-26003-00000
  • Situs County: Linn
  • Length Of Ownership: 4 years, 9 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 9
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Floor Cover Type: Wood
  • Stories: 2
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Roof Type: Gable
  • Roof Cover Type: Asphalt
  • Deck: true

Measurements

  • Total: 1,871/SqFt
  • Lot: 52,272/SqFt
  • Gross: 1,871/SqFt
  • Garage: 520/SqFt
  • Living: 1,871/SqFt
  • Basement: 864/SqFt
  • Building: 1,871/SqFt
  • Ground: 864/SqFt
  • Price Per Square Foot: $163.01

Legal Description

  • Description: CHESTNUT VALLEY 4TH LOT 8
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: 42.050907 / -91.724335
  • Subdivision: Chestnut Valley 4th
  • Property Class: Residential
  • Zoning: USR
  • County Use Code: 101

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 7955
  • Bathroom Fixtures: 8
  • Cooling: Yes
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Forced air unit
  • Parking: 2

Ownership Info

5840 Wells Ln has no associated ownership info
5840 Wells Ln has no associated ownership info.

Taxes

5840 Wells Ln has 10 associated Taxes items

5840 Wells 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 $362,200. The APN we've located for 5840 Wells Ln is 12361-26003-00000.

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Taxes
  • Assessed Value:  $362,200
  • Assessed Year:  2025
  • Assessed County:  Linn
  • APN:  12361-26003-00000
  • Assessed Land Value:  67600
  • Market Land Value:  67600
  • Tax Amount:  3806
  • Tax Year:  2024
  • Market Value:  362200
  • Market Year:  2025

Tax History

5840 Wells Ln has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $362,200 Land Value $67,600 Improvement Value $294,600 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $327,800 Land Value $67,600 Improvement Value $260,200 Tax Amount $3,806 Change Rate +0.007411% Assessed CR Tax Rate +0.011611%
Year 2023 Assessed Value $327,800 Land Value $67,600 Improvement Value $260,200 Tax Amount $3,778 Change Rate -0.99% Assessed CR Tax Rate +0.011525%
Year 2022 Assessed Value $267,300 Land Value $67,600 Improvement Value $199,700 Tax Amount $377,800 Change Rate +103.711754% Assessed CR Tax Rate +1.413393%
Year 2021 Assessed Value $267,300 Land Value $67,600 Improvement Value $199,700 Tax Amount $3,608 Change Rate -0.020098% Assessed CR Tax Rate +0.013498%
Year 2020 Assessed Value $252,400 Land Value $51,000 Improvement Value $201,400 Tax Amount $3,682 Change Rate +0.022778% Assessed CR Tax Rate +0.014588%
Year 2019 Assessed Value $236,700 Land Value $51,000 Improvement Value $185,700 Tax Amount $3,600 Change Rate +0.090909% Assessed CR Tax Rate +0.015209%
Year 2018 Assessed Value $236,700 Land Value $51,000 Improvement Value $185,700 Tax Amount $3,300 Change Rate Assessed CR Tax Rate +0.013942%
Year 2017 Assessed Value $220,900 Land Value $51,000 Improvement Value $169,900 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $220,900 Land Value $51,000 Improvement Value $169,900 Tax Amount $3,258.63 Change Rate -0.006885% Assessed CR Tax Rate +0.014752%
Year 2015 Assessed Value $220,900 Land Value $51,000 Improvement Value $169,900 Tax Amount $3,281.22 Change Rate +0.040996% Assessed CR Tax Rate +0.014854%
Year 2014 Assessed Value $220,900 Land Value $51,000 Improvement Value $169,900 Tax Amount $3,152 Change Rate +0.021387% Assessed CR Tax Rate +0.014269%
Year 2013 Assessed Value $220,900 Land Value $51,000 Improvement Value $169,900 Tax Amount $3,086 Change Rate Assessed CR Tax Rate +0.01397%