NOT LISTED FOR SALE

7505 Blairs Ferry Rd Cedar Rapids, IA 52411

Estimated Value: $479,000 - $2,105,000

5 Beds
4.5 Baths
4,587 Sq Ft
$309/Sq Ft Est. Value

Last Sold December 01, 2023

Last sale price $1,750,000 $382 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $8,950/month

9 Days on Market

Highlights

  • Waterfront
  • 26.35 Acre Lot
  • Deck
  • John F. Kennedy High School Rated A-
  • Fireplace in Primary Bedroom
  • Pond

About This Home

As of December 2023

*Sale pending. Now this is Living! You can enjoy 26.35 acres of privacy offering a wooded setting, stocked pond, and built in sunsets. Spoil yourself with this modern 4,587 finished square footage home architecturally designed to showcase the land and nature surrounding you. Immerse yourself in pride of ownership with all luxury building materials and selections. Specifications available. The home excels in entertaining with a covered deck that opens from the great room with full size floor to ceiling doors, a phantom screen system with remote to enclose the decking, pre-plumbed for a gas line, 2 sets of stairs to the rear yard, lower level recreation room with a wet bar, walk out lower level and beach front pond access. The primary bath, mudroom and laundry, and custom built in features receive the ultimate achievement award for excellence. Minutes from city amenities without an HOA or restrictive covenants you will also appreciate the 72' x 120' commercial grade shop/ Shouse. Amenities include: Two 14' tall x 20' wide and one 14' tall x 24' wide commercial overhead doors, trough floor drains, radiant overhead heat, full bathroom with washer and dryer hook ups, second floor living and residential quality bonus space, golf simulator and equipment, hot and cold water. Full shop specifications and floor plan available. The shop and house utilize a gutter rain fall drainage system that collects and fills the pond. The 2.5 acre pond is 25' deep with a polyvinyl liner, is stocked, has a beach frontage, and rock surround. Commercial grade drive approach and shop floor. 17.06 acres on the South side of Blairs Ferry with 9.29 acres on the North side nestled within Elf Road. Floor plans, site map, and additional details available.

Last Listed By

Heather Morris

Skogman Realty Co. Listed on: 09/18/2023

Skogman Realty Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,692

Year Built

  • Built in 2019

Lot Details

  • 26.35 Acre Lot
  • Waterfront
  • Wooded Lot
  • Property is zoned Res & Ag

Parking

  • 4 Parking Spaces

Home Design

  • Ranch Style House
  • Poured Concrete
  • Frame Construction

Interior Spaces

  • Wet Bar
  • Bookcases
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Entrance Foyer
  • Great Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Screened Porch

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Pond
  • Deck
  • Patio
  • Outbuilding

Location

  • Property is near schools
  • Property is near shops

Schools

  • Viola Gibson Elementary School
  • Harding Middle School
  • Kennedy High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Private Water Source
  • Tankless Water Heater
  • Water Softener is Owned
  • Private or Community Septic Tank
  • Internet Available

Community Details

  • Built by Martin Built
  • Kramer Farmland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12261-03001-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,692

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 4587
  • Homebuilder: Martin Built
  • Owner Name L F Mi: Kramer
  • Ownership Type: Single Family
  • Photo Code: Complete
  • Remarks: *3.5% to $300,000, 2.5% over $300,000
  • Year Built: 2019
  • Tax Year Report: 2023
  • Subdivision: Kramer Farmland
  • Directions: Home is on Blairs Ferry Road across from Elf Lane. Out lot A (9.29 acres) is across from house parcel on Elf Lane.
  • L O1 Dues Paid: y
  • Amenities: Close to Shopping, Close to School
  • Basement Remarks: Poured Concrete, Full, Walkout
  • Fireplace Type Location: In Great/Family Room, In LL, In Primary Bedroom, Gas, Wood Burning
  • Interior R: Bookcases, Ceiling-9+ ft, Foyer-Entrance, Wet Bar
  • Kitchen Breakfast R: Breakfast Bar, Island, Pantry, Kit/Dining Rm Comb
  • Lot Description R: 5+ Acres, Pond, Waterfront, Wooded
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: Ranch
  • Remarks2: *Sale pending. Now this is Living! You can enjoy 26.35 acres of privacy offering a wooded setting, stocked pond, and built in sunsets. Spoil yourself with this modern 4,587 finished square footage home architecturally designed to showcase the land and nature surrounding you. Immerse yourself in pride of ownership with all luxury building materials and selections. Specifications available. The home excels in entertaining with a covered deck that opens from the great room with full size floor to ceiling doors, a phantom screen system with remote to enclose the decking, pre-plumbed for a gas line, 2 sets of stairs to the rear yard, lower level recreation room with a wet bar, walk out lower level and beach front pond access. The primary bath, mudroom and laundry, and custom built in features receive the ultimate achievement award for excellence. Minutes from city amenities without an HOA or restrictive covenants you will also appreciate the 72' x 120' commercial grade shop/ Shouse. Amenities include: Two 14' tall x 20' wide and one 14' tall x 24' wide commercial overhead doors, trough floor drains, radiant overhead heat, full bathroom with washer and dryer hook ups, second floor living and residential quality bonus space, golf simulator and equipment, hot and cold water. Full shop specifications and floor plan available. The shop and house utilize a gutter rain fall drainage system that collects and fills the pond. The 2.5 acre pond is 25' deep with a polyvinyl liner, is stocked, has a beach frontage, and rock surround. Commercial grade drive approach and shop floor. 17.06 acres on the South side of Blairs Ferry with 9.29 acres on the North side nestled within Elf Road. Floor plans, site map, and additional details available.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, Dryer, Washer
  • Number Bedrooms Lower: 2
  • Number Bedrooms Main: 3
  • Sq Ft Above: 2622
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Number of Main Level Half Bathrooms: 1
  • Bedrooms: 5
  • Total Bathrooms: 5
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Lower Level Finished Sq Ft: 1965
  • Laundry Location: Main
  • Mstr Br Level: Main
  • Number of Fireplaces: 3
  • Number of Lower Level Full Bathrooms: 2
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Deck, Outbuildings, Patio, Screen Porch

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: Private Water, Private Septic, Water Softener (Owned), Tankless Water Heater
  • Heating Cooling: Ceiling Fans, Gas, Central, Forced Air, Zoned/Dual

Schools

  • Elementary School: Viola Gibson
  • Middle School: Harding
  • High School: Kennedy
  • High School: Kennedy
  • Jr Middle School: Harding
  • Elementary School: Viola Gibson

Lot Info

  • Acreage: 26.35
  • Geo Subdivision: IA
  • Lot Dimensions: 26.35 Acres
  • Zoning: Res & Ag

Tax Info

  • Gross Tax County City: 12950
  • Assessor Parcel Number: 12261-03001-00000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2024
Sold by
Hughes Brian C and Hughes Wanda M
Bought by
Palmersheim Steven R
Total Days on Market
9
Current Estimated Value
$1,416,596

Purchase Details

Listed on
Sep 18, 2023
Closed on
Nov 30, 2023
Sold by
Kramer Carter J and Kramer Amber M
Bought by
Hughes Brian C and Hughes Wanda M
Seller's Agent
Heather Morris
Skogman Realty Co.
Buyer's Agent
Nonmember NONMEMBER
NONMEMBER
List Price
$1,750,000
Sold Price
$1,750,000
Views
66

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.57%
Original Mortgage
$1,400,000
Interest Rate
7.63%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 20, 2019
Sold by
Kramer Farmland Llc
Bought by
Kramer Carter J and Kramer Amber M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
3.6%
Mortgage Type
Construction

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Palmersheim Steven R $260,000 River Ridge Escrow
Hughes Brian C $1,750,000 None Listed On Document
Kramer Carter J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hughes Brian C $400,000
Previous Owner Hughes Brian C $1,400,000
Previous Owner Kramer Carter $510,400
Previous Owner Kramer Carter $833,850
Previous Owner Kramer Carter J $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2023 12/01/23 Sold $1,750,000 0.0% $382 / Sq Ft
09/27/2023 09/27/23 Pending -- -- --
09/18/2023 09/18/23 For Sale $1,750,000 -- $382 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $12,692 $1,352,800 $155,000 $1,197,800
2022 $12,540 $898,000 $155,000 $743,000
2021 $5,794 $898,000 $155,000 $743,000
2020 $5,794 $0 $0 $0
2019 $0 $0 $0 $0
Source: Public Records

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APN: 12261-03001-00000