516 8th St SW, Cedar Rapids, IA, 52404

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

516 8th St SW, Cedar Rapids$155,000

Buyer Closing Credits

$1,841^*

1.25% Loan Amount

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingDetached, Garage, Garage Door Opener

Garage2 spaces

Year Built1902

HeatingForced Air, Natural Gas

CoolingCentral Air

BasementYes

MLS #2402453

Lot Size0.19 Acres

StatusSale Pending
(Pending)

About 516 8th St SW

Welcome home! This house has so much to offer at such a great value. Located near Taylor elementary school, it is easy access to parks, shopping, grocery, and downtown Cedar Rapids. With plenty of bedrooms, this is perfect for a growing family or first time home buyer. Don't miss out on this one, schedule your showing today!

View More

Property Details

Property Features

Property Information:

• Architectural Style: One and One Half Story
• Year Built: 1902
• Living Area: 1,514 SqFt

Listing Office:

• Office Name: COLDWELL BANKER HEDGES
• Office Phone: (319) 364-8121
• Listing Agent: Patrick Donohoe

Interior Features

Interior Information:

• Appliances: Dryer, Dishwasher, Range, Refrigerator, Washer
• Basement: Yes
• Interior: Eat-in Kitchen, Kitchen/Dining Combo, Main Level Primary

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 6

Exterior Features

Parking Information:

• Garage Space: 2 spaces
• Parking: Detached, Garage, Garage Door Opener

Lot Features

Lot Information:

• Lot Size: 0.19 Acres

Utilities

Utilities Information:

• Heating: Forced Air, Natural Gas
• Cooling: Central Air

School Info

Assigned Schools Information:

• Thomas Jefferson High School, Public District Grades 9-12
• Wilson Middle School, Public District Grades 6-8
• Taylor Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

• List Price: $155,000
• Price Per SqFt: $102/SqFt

Tax Information:

• Annual Amount: $2,364
• Tax Year: 2020

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

See how this home compares to others in Cedar Rapids, IA.

Cedar Rapids, IA

City

Med. Sold Price

$188.2K

Med. Price/SqFt

$123

Avg. Days On Market

38

# of Sold Homes

138

516 8th St SW vs Cedar Rapids

18 DAYS ON ROCKET

-20 Days

$155,000

-$33.2K Less

$102/SqFt

-$21 Less

KEY TAKEAWAY

This property is $33.2K less than the Median Sold Price and $21/SqFt less than other homes in Cedar Rapids, IA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: CDR
• MLS Number: #2402453

Listing Office:

• Office Name: COLDWELL BANKER HEDGES
• Office Phone: (319) 364-8121
• Listing Agent: Patrick Donohoe

Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.
Copyright 2024 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 6:25:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Jan 22, 2019	Jan 22, 2019Home Sold	$117,000
Dec 14, 2009	Dec 14, 2009Home Sold	$92,000
Jan 02, 2009	Jan 02, 2009Home Sold	$21,500

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$2,364	$107,100
2018	$1,670	$79,700

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$841

Per Month

Principal & Interest

$774

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$531

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Iowa›Linn County›Cedar Rapids›52404›516 8th St SW

This home is located at 516 8th St SW in Cedar Rapids, IA and zip code 52404 in the Taylor neighborhood. This 1,514 square foot home, which was built in 1902, sits on a 0.19 acre lot. Features: 6 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 11, 2024 and is currently priced at $155,000.

In March 2024, from all listings sold in Cedar Rapids, IA there were more than 26 sold above asking price, over 74 sold below and more than 38 were sold right at the asked price. The inventory of homes for sale in Cedar Rapids, IA between February 2024 and March 2024 increased by 9%. While the average time on the market in March 2024 was 38 days, the median list price was $188,207.

From Rocket Homes Real Estate and based on county public records data.