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219 40th Street Dr

Cedar Rapids, IA 52403

2 bd 1 ba 1,086 sqft Built 1981 condos
Most recent sale
$112,500
Oct 19, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 16, 2025 Sold $116,000 CedarRapids
Mar 13, 2025 Listed $124,900 CedarRapids
Oct 19, 2022 Sold $112,500 Public Record
Oct 12, 2022 Sold $112,500 CedarRapids
Sep 7, 2022 Price changed $112,900 MLS #2205280
Jul 8, 2022 Price changed $114,900 MLS #2205280
Jun 21, 2022 Price changed $119,900 MLS #2205280
Jun 15, 2022 Listed $124,900 MLS #2205280
Nov 20, 2014 Sold $71,000 Public Record
Jun 1, 2012 Sold $61,000 Public Record
Mar 3, 2005 Sold $76,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $96,700 $18,000 $114,700 $2,042
2023 $95,300 $18,000 $113,300 $2,058
2022 $82,600 $15,000 $97,600 $1,968
2021 $80,000 $15,000 $95,000 $1,888
2020 $73,600 $12,000 $85,600 $1,840
2019 $73,600 $12,000 $85,600 $1,846
2018 $73,600 $12,000 $85,600 $1,698
2017 $74,500 $6,500 $81,000 $1,540
2016 $64,200 $6,500 $70,700 $1,532
2015 $65,600 $6,500 $72,100 $1,446
2014 $70,190 $6,500 $76,690 $1,350
2012 $72,384 $6,500 $78,884 $1,408
2011 $64,341 $6,500 $70,841 $1,218
2010 $64,341 $6,500 $70,841 $1,184
2009 $62,029 $6,500 $68,529 $1,096
2004 $62,029 $6,500 $68,529 $884

Property facts

Year built
1981
Property type
condos
Stories
Beds
2
Baths
1
Living area
1,086 sqft
Lot size
ZIP code
52403
City
Cedar Rapids
Street
40th Street Dr
Coordinates
42.01752, -91.63008

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$675
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 219 40th Street Dr last sell?
219 40th Street Dr most recently sold on Oct 19, 2022 for $112,500.
What is the current tax assessment for 219 40th Street Dr?
The most recent total assessment for 219 40th Street Dr (year 2025) is $114,700 with $2,042 in property tax.
How does 219 40th Street Dr's assessment compare to its last sale price?
The current assessment is 2.0% above the last sale price of $112,500.
When was 219 40th Street Dr built?
219 40th Street Dr was built in 1981.
How does 219 40th Street Dr compare to others on 40th Street Dr?
We track 8 other properties on 40th Street Dr. Browse the list under "Other properties on 40th Street Dr" to compare beds, baths, and sale history.
What are the property facts for 219 40th Street Dr?
219 40th Street Dr is a 2 bed, 1 bath, 1,086 sqft condos.
Is 219 40th Street Dr a flip candidate?
No — 219 40th Street Dr does not appear in our flips dataset.
Is 219 40th Street Dr a tax-appeal candidate?
No — 219 40th Street Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-1.4%
Implied 1-yr
-5.7%
2026 Q3
$199.7K
2026 Q4
$196.6K
ZIP 52403 — Median Price History + Forecast

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