Cedar Rapids Homes For Sale | Skogman Real Estate

Single Family New Construction Program – Round 3

December 19, 2011
By skogman

Over the past couple of years the cities of Cedar Rapids and Iowa City have received funds from the Iowa Department of Economic Development to help replace homes lost in the flood of 2008. The Single Family New Construction Program is in its 3^rd phase and offers down payment assistance of up to 25% of the purchase price to qualified buyers. In order to qualify, buyers must meet income requirements based on the number of people in a household.

Iowa City Income Requirements

80% of Median Income:

1 Person household – $43,600 2 Person Household – $49,800

3 Person household – $56,050 4 Person Household – $62,250

100% of Median Income:

1 Person household – $54,500 2 Person Household – 62,300

3 Person household – $70,100 4 Person Household – $77,800

Cedar Rapids Income Requirements

80% of Median Income:

1 Person household – $38,300 2 Person household – $43,800

3 Person household – $49,250 4 Person Household – $55,700

100% of Median Income:

1 Person household – $47,900 2 Person household – $54,800

3 Person household – $61,600 4 Person household – $68,400

Iowa City received funding to build 31 homes in Round 3 and less than 5 are available as of Mid December according to the City website. Cedar Rapids received more funding and in turn was able to build more than 100 homes – all of which are to be built in the flood affected neighborhoods outside the 100 year flood plain.

Skogman Homes was granted 27 homes in Round 3, also called ROOT’s – Rebuilding Ownerships Opportunities Together. Of the 27 homes there are 14 left as of mid December. Homes range in price from $113,600 to $140,000 and are not to exceed $150,000. Visit Skogmanhomes.com to see a complete list of available lots and floor plans that qualify for ROOT’s.

For more information about the program visit the City websites:

Cedar Rapids

Iowa City

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Featured Listing – 2327 South 22nd St, Marion

August 5, 2011
By skogman

This Marion home for sale is offered by Corporate Relocation Realtor, Patricia Reaburn. Located on a private, 3 acre wooded lot with a pond, 2327 South 22^nd Street is a 5 bedroom, 4 and a half bathroom home with over 4,500 square feet finished. We asked Patricia to share with us some of the special features that make this an exceptional Marion home.

What distinctive features set this home apart?

The kitchen was just remodeled with granite counter tops, a tile back splash, and black appliances that all stay with the home. The master bedroom has a deck overlooking the pond, along with a spa like master bath that includes a walk-in tile shower, granite counter tops and a decorative tile/stone wall. The finished walk-out lower level features a wet bar, stone fireplace and an indoor hot-tub room where you can relax and look out over the pond and woodlands. There is also a lakeside pavilion with sliding glass doors on all four sides.

Describe the architectural style of the home?

The home has a custom crafted French Tudor style. The stone front and chateau style mansard roof give this home a castle-like feel. On the interior you will find water-pressed applewood crown moldings and baseboard throughout.

What are the advantages of this location?

This is a rare, in-town, private 3 acre wooded lot with a private pond. Located in an exclusive neighborhood off Lakeside Drive in the Linn Mar School District – the new buyers will have the added bonus of County Taxes!

What amazing views will the new home owners be able to enjoy?

Whether you are relaxing on the patio by the fire pit or on the 2 story deck you will see picture perfect views of the woods and the pond. Evenings can be enjoyed sitting in the pavilion observing the wildlife.

Nestled in the woods in Marion, 2327 South 22^nd Street is a great find for someone who is looking for a private setting but is still only minutes from all the City’s amenities. Visit our website to view more than 30 photos of this property – inside and out!

About Patricia:

She is currently the Director of Corporate Relocations for Skogman Realty where she and her team manage the relocation for many of the large corporations here in Cedar Rapids and deals directly with the executives. Patricia has spent countless hours with clients helping them to adapt to their new surroundings here in Cedar Rapids.

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Skogman Companies To Support Local Option Sales Tax

April 20, 2011
By skogman

On May 3^rd Linn County residents will be voting to extend the local option sales tax. These funds would be used to help pay for flood protection, street repair and property tax relief. Currently the Corp of Engineers has recommended a plan that will only protect the East side of the river, but both sides need it and this vote would ensure all are protected.

The Skogman Companies strongly support the vote for the flood protection plan and believe it is vital to the growth and future of this community. The city is in line for $65 Million in Federal money and its community members need to show support by voting for the 1% sales tax. We need to show that our community can provide its share of the funding before the state and federal money will be available.

Without flood protection for both sides of the river, residential neighborhoods and commercial businesses are at high risk of suffering another devastating flood and would significantly hurt those who in these areas. A second flood would cripple our community for more than a generation

Please vote on May 3^rd to extend the local option sales tax. This is the only way we can protect the East and West side of the River from another devastating flood.

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Featured Listing – 4030 37th Ave SW

January 28, 2011
By skogman

Today’s featured Cedar Rapids home for sale is a condo located at 4030 37^th Avenue SW #C and is listed by Julie Dancer. This condo was built in 2003 and has 2 bedrooms and 1 and a half bathrooms and almost 1,050 square feet finished and is listed for $109,900.

This home has a great aesthetic with upgraded cherry cabinets in the kitchen, black appliances and wood floors. Appliances include a refrigerator, microwave, range, washer and dryer, all of which are included in the price. The open floor plan and the sliding glass door off the great room allow for an abundance of natural light. Upstairs you will find a master bathroom off the master bedroom along with a vaulted ceiling.

No need to worry about shoveling snow or mowing your lawn with this no-fuss Townhome that is just 10 minutes from downtown Cedar Rapids and 20 minutes from Iowa City; perfect for the Corridor commuting family. Homeowners will enjoy the beautiful sunsets from the comfort of their rear deck.

Schedule your appointment today, to see 4030 37^th Avenue SW #C.

Contact Julie Dancer

319.310.5522

JDancer@skogman.com

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Market Update

January 18, 2011
By skogman

2010 was a peculiar year in the real estate market. The year started with the home buyer tax credit still in place, which lead to some of the best sales months we have ever seen. In the 2^nd quarter the Cedar Rapids Area Association of Realtors had the most sales in its history. We knew we ‘borrowed’ sales from the coming months, but we could have never predicted how many. There was a staggering drop in sales in May which lead to the worst 3^rd quarter in closings in 10 years according to CRAAR. We didn’t see sales begin to recover until November, when we a saw a 13% increase in pendings over 2009. December also showed a 7% increase over 2009. Overall the year ended up just 4% below 2009.

A bright note in the 4th Quarter was the reduction in inventory. In March the number of homes for sale in the Cedar Rapids area jumped to more than 2100 and continued to rise through September. October was the first month we saw a slight decrease in inventory and the decline continued through November and December. While we are happy to be heading in the right direction, inventory is still 13% higher than it was this time last year.

The Iowa City area also saw some of the highs and lows throughout the year. The Iowa City Association of Realtors reports that the total number of units sold was down 6% from 2009, while the average sale price was up slightly to $184,050 from $183,560 in 09. Iowa City saw a spike in inventory before the tax credit ended, but has seen that number steadily decline since May. In the month of December the number of homes for sale in Iowa City was at a 15 month low.

The number of homes for sale in a market is an indicator of how strong that market is. If there are fewer homes for sale that would typically mean that more homes are selling and therefore the market is thriving. When combined with the number of sales, we can see how many months of inventory we have. At the end of 2010 Cedar Rapids had 7.3 months of inventory and Iowa City had 10 months. In a ‘good’ market we like that number to be under 6 months.

We have been very fortunate in the Cedar Rapids/Iowa City real estate market when compared to our colleagues across the country. We are cautiously optimistic for 2011 that we will see a more stable real estate market.

2010 Iowa City area real estate market snap shot

2010 Cedar Rapids real estate market snap shot

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Cedar Rapids Housing Incentives

December 21, 2010
By skogman

In an effort to bring families back to the Cedar Rapids area after the flood in 2008, the city of Cedar Rapids has offered different housing incentives to stimulate the housing market and to replace many of the homes lost during the flood. The newest inducement is to bring those families who are not currently living in Cedar Rapids to the area. The city has access to more federal disaster money for new housing and there isn’t enough demand for current Cedar Rapids residents.

There is $11.7 million in funding that is expected to supply 235 new construction residential units, mostly single family homes and duplexes. This is said to add $44 million in total value to the city.

This incentive offers 25% down payment assistance and a free lot for homes and will be in the price range of $135,000 and $150,000. This could end up being a $35,000 incentive once the lot and down payment assistance are figured in. This would be instant equity for the new home owners.

The lots that will be available as part of this incentive are the homes the city acquired in post flood buyouts and were demolished. All are outside the 100 year flood plane with many in the Time Check Neighborhood in the northwest Cedar Rapids.

This incentive comes as part of third round of the Single Family New Construction Program, which received money from the Iowa Department of Economic Development (IDED). The first two rounds provided funding for 438 residential units with 110 units still available as part of round two.

The city of Iowa City and Cedar Falls have also received funding from the same program.

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$11.1 Million For Affordable Homes

October 29, 2010
By skogman

Cedar Rapids Mayor Ron Corbett and Governor Chet Culver stood outside Jennifer Trenary’s newly built home, to announce round 3 for the Single Family New Construction Program. Jennifer was able to purchase her home using the second round of funds that gives a 25% forgivable grant to qualified buyers. The maximum sales price is $180,000 so the grant may be up to $45,000.

Round 3 will give Cedar Rapids $11.1 million in state and federal funding to help rebuild or replenish some of the affordable homes lost in the 2008 flood. The goal is to revitalize flood-damaged neighborhoods where a number of lots sit vacant after the city buy outs. The plan is for all of the homes built with this program to be infill.

It is projected that more than 300 homes could be built with the $11.1 million. 1,300 homes are on the city’s buy out list with most of these being demolished.

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Featured Listing: 1624 Timberlake Run SE

October 5, 2010
By skogman

Today’s featured Cedar Rapids home for sale is located at 1624 Timberlake Run SE and is listed by Marian and Roger Flink. This home is listed for $640,000 and was built in 2009, has four bedrooms, two and a half bathrooms and 2,800 finished square feet.

Flowing waterfalls, meandering roads, trees and ponds are among the sites you find as you travel through the neighborhood. Located on 1.12 wooded acres this home has a private and serene setting.

This is an executive ranch style home with an open floor plan and includes a great room, formal dining room, den, walk out lower level and a heated three car garage. Floor to ceiling windows, gas fireplace with marble surround, built in shelves and vaulted ceilings are just a few of the amenities featured in this home.

The gourmet kitchen features Brazilian quartz counter tops, wood flooring, a center island with a Thermador gas cook top with stainless steel/glass range hood, double Thermador ovens and decorative glass front cabinet doors! Other distinctive features that set this home apart are the columns in the formal dining room, the luxurious master suite/spa and state of the art geo-thermal heating system.

The back yard is framed with trees providing a tranquil and private setting that you can enjoy from your screened-in-porch or deck.

The attention to detail and all of amenities make the home, at 1624 Timberlake Run SE, must see!

About Marian and Roger Flink:

Marian and Roger Flink work hard to put their clients interests first. Their knowledge of the market serves their clients well when representing them in the purchase or sale of their home. Both have won the Skogman President’s award, one given annually to the associate demonstrating professionalism and excellence in serving their clients.

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Featured Listings – 3604 Timberline Dr NE

September 8, 2010
By skogman

Todays featured home is located at 3604 Timberline Dr NE and is listed by The Votroubek Group. This home was built in 1988 by Don Primus and has 3 bedrooms and 3.5 bathrooms. With almost 4,000 square feet, this home is loaded with amenities!

This home for sale in Cedar Rapids , is a contemporary two story home with a screened in porch and a walk-out basement on a quiet cul-de-sac. The home sits on a 1 acre lot that has been professionally landscaped and is surrounded by mature trees.

Inside, you will find all the necessary amenities. There is a new gourmet kitchen with granite counter tops, stainless steel appliances and tile floors. The gas fire place welcomes you to the family room and sunroom. The master suite is a tranquil get away with a huge master closet with organizers and a spa like bathroom that includes his and her vanities and jetted tub.

The lower level is perfect for entertaining with a theatre room and bar and walks out to a patio that is beautifully landscaped with a small pond/water feature. There is also a bedroom and bathroom where guests can reside.

The property located at 3604 Timberline Dr NE recently had a price reduction of $20,000 to $349,000 and is a must see!

The Votroubek Group

The Votroubek Group has worked with Skogman for 17 years and prides themselves on providing excellent service in and around the Cedar Rapids area. The team has grown from just Mark and Wendy into a family business with brothers Brent and Spencer Votroubek and their sister Jessica Boyle.

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Featured Listing: 1812 2nd Ave SE, Cedar Rapids

August 4, 2010
By skogman

This weeks featured Cedar Rapids home for sale is located at 1812 2nd Avenue SE and is listed for $200,000 by Amy Starr. This is a unique but magnificent home with over 4,200 square feet finished, 5 bedrooms and 2 and a half bathrooms. With this home we decided to have owners answer our questions, because who better to describe a home than the people who get to enjoy it everyday.

Q: What distinctive features set this home apart?

A: The original woodwork is what people notice first. Beyond that the new and spacious kitchen really is appealing and functional.

Q: Can you describe the architectural style of the home?

A: The House is built in the Arts and Crafts style made popular by Frank Lloyd Wright.

Q: What are the advantages of the location and neighborhood?

A: Being on Second Avenue gives you easy access to downtown and local shopping. You are on a snow route so the street is always plowed during winter weather. Since it is a one-way there is mainly morning traffic going into downtown. After that it is quiet in the evening and on the Weekends. We are in the Historic District so the neighborhood has beautiful and distinct types of architecture. For families, I’d have to say that we are thrilled to have our children attend Washington High School. WHS is ranked by Newsweek Magazine as the Top High School in Iowa.

Q: Have there been any recent renovations or upgrades?

A: The Kitchen has been completely remodeled but still has the feel of an Arts and Crafts era home. People say the flooring is stunning ~ a refinished/restored Bird’s Eye Maple. The 1^st and 2^nd floors have both received fresh paint.

Q: What amazing views will the new homeowner be able to enjoy?

A: Looking into the fireplace on a winter night is always cozy. The tile surround is original and features a mosaic from the Grubey Tile Company.

Q: What makes the price of this home so great?

A: With over 4000 square feet, you will find no better price per square footage in Cedar Rapids.

Q: Can you tell us a fun fact about the home?

A: We have 6 staircases in the home!!!

Q: Is there anything else you would like us to know about the home?

A: I love our neighborhood. It is safe and beautiful. As we are in a Historic District, there is a lot of Pride of Ownership. It shows inside and outside of our homes. Our block is very family-oriented with 5 families with High School age children and 3 families of Elementary School age.

We would like to thank the owners of 1812 2nd Ave SE, for taking the time to tell us about the home.

About Amy:

Amy has been in the business just over 5 years and in that time has managed to become one of Skogman Realty’s top producers. To schedule a time to see this home or for any additional information, contact Amy.

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