1224 Lake Ridge Dr
Cedar Falls, IA 50613
5 bd 4 ba 3,778 sqft Built 2004 Lot 20,473 sqft single_family
Most recent sale
$525,000
Apr 28, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 19, 2022 | Listed | $595,000 | MLS #20224916 |
| Apr 28, 2021 | Sold | $525,000 | Public Record |
| Feb 23, 2021 | Price changed | $549,000 | MLS #20210443 |
| Feb 5, 2021 | Listed | $559,900 | MLS #20210443 |
| May 22, 2017 | Sold | $450,000 | Public Record |
| Jun 1, 2005 | Sold | $469,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $537,650 | $77,950 | $615,600 | $9,236 |
| 2024 | $537,650 | $77,950 | $615,600 | $9,652 |
| 2023 | $506,190 | $77,950 | $584,140 | $8,778 |
| 2022 | $406,460 | $77,950 | $484,410 | $8,940 |
| 2021 | $409,490 | $77,950 | $487,440 | $8,726 |
| 2020 | $409,490 | $59,140 | $468,630 | $8,554 |
Property facts
Year built
2004
Property type
single_family
Stories
2
Beds
5
Baths
4
Living area
3,778 sqft
Lot size
20,473 sqft
ZIP code
50613
City
Cedar Falls
Street
Lake Ridge Dr
Coordinates
42.54827, -92.48014
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,667
Gross rental yield
12.95%
Implied cap rate
8.42%
Trend-extrapolated value
—
Frequently asked questions
When did 1224 Lake Ridge Dr last sell?
1224 Lake Ridge Dr most recently sold on Apr 28, 2021 for $525,000.
What is the current tax assessment for 1224 Lake Ridge Dr?
The most recent total assessment for 1224 Lake Ridge Dr (year 2025) is $615,600 with $9,236 in property tax.
How does 1224 Lake Ridge Dr's assessment compare to its last sale price?
The current assessment is 17.3% above the last sale price of $525,000.
When was 1224 Lake Ridge Dr built?
1224 Lake Ridge Dr was built in 2004.
How does 1224 Lake Ridge Dr compare to others on Lake Ridge Dr?
We track 8 other properties on Lake Ridge Dr. Browse the list under "Other properties on Lake Ridge Dr" to compare beds, baths, and sale history.
What are the property facts for 1224 Lake Ridge Dr?
1224 Lake Ridge Dr is a 5 bed, 4 bath, 3,778 sqft, 20,473 sqft lot single_family.
Is 1224 Lake Ridge Dr a flip candidate?
No — 1224 Lake Ridge Dr does not appear in our flips dataset.
Is 1224 Lake Ridge Dr a tax-appeal candidate?
Yes — 1224 Lake Ridge Dr appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+4.1%
Implied 1-yr
+16.2%
2026 Q3
$449.8K
2026 Q4
$464.2K
ZIP 50613 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lake Ridge Dr