$158,000

515 40th St NE Cedar Rapids, IA 52402

$1,876
Closing credit¹
3 beds
1 full
960 sqft
0.2 acres
$165 / sqft
House

Property details

About 515 40th St NE

This delightful home effortlessly combines charm, comfort, and convenience. Impeccably maintained and freshly updated, it’s move-in ready for its next owner to create lasting memories. Step inside to a bright and inviting living room, where the windows flood the space with warm, natural sunlight, creating the perfect atmosphere for relaxing or entertaining. The cozy yet functional kitchen is an ideal spot to enjoy your morning coffee, prepare delicious meals, or gather with friends and family for heartfelt conversations. This home features three well-sized bedrooms, each offering a comfortable retreat with plenty of natural light and storage. The beautifully updated bathroom boasts modern finishes, adding a fresh and stylish touch. A single-stall garage provides added convenience, whether for parking or extra storage space. Whether you're a first-time homebuyer, looking to downsize, or seeking a fantastic investment opportunity, this charming home checks all the boxes. Don't miss out—schedule a tour today and fall in love with everything this home has to offer!

Highlights

Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air
Size960 sqft
Lot size0.199 Acres
Year built1954
ParkingGarage
MLS #2502338
Garage1 space

Summary

  • MLS Number: 2502338
  • MLS Name: CDR
  • Office Name: Pinnacle Realty LLC
  • Office Phone: (319) 393-0900
  • Office Email: bfrink@pinnaclerealtyia.com
  • Listing Agent: Michelle David

IDXProvided 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 2025 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: 4/4/2025, 5:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front facade featuring an outdoor structure, concrete driveway, a detached garage, a front yard, and a chimney

$158,000

515 40th St NE

$1,876

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jan 12, 2016
Home Sold
$69,721
May 06, 2010
Home Sold
$95,000
Sep 30, 2005
Home Sold
$90,000

Tax history

YearAssessmentProperty Tax
2023$124,700$2,378
2021$101,000$2,092
2020$96,000$1,998
2018$88,300$1,850

History based on county public records data.

Nearby schools

3

Kenwood Leadership Academy

Public District PK-5

0.2 mi

3700 E Ave NE

3

Wright Elementary

Public District PK-5

1.0 mi

1524 Hollywood Blvd NE

5

Arthur Elementary

Public District PK-5

1.1 mi

2630 B Ave NE

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $42,846. Typical income of Cedar Rapids, IA residents is between $35k-100k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

36%
<35k
59%
35k-100k
5%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

51%
Single, No Kids
11%
Single, with Kids
25%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
7%
12-17 yrs old
26%
18-34 yrs old
39%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • SoccerSoccer
  • Mexican League SoccerMexican League Soccer
  • College BasketballCollege Basketball

Where do the neighbors shop?

  • Forever 21Forever 21
  • Books-a-MillionBooks-a-Million
  • DillardsDillards

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • Church's ChickenChurch's Chicken
  • Logan's RoadhouseLogan's Roadhouse

What do the neighbors drive?

  • MazdaMazda
  • ToyotaToyota
  • HyundaiHyundai

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Adult HitsAdult Hits
  • RockRock
All data provided by Home Junction and Claritas

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Frequently asked questions

About 515 40th St NE

This home is located at 515 40th St NE in Cedar Rapids, IA and zip code 52402 in the Kenwood Park neighborhood. This 960 square foot home, which was built in 1954, sits on a 0.20 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 4, 2025 and is currently priced at $158,000.

In March 2025 more than 35 listings in Cedar Rapids, IA were sold above the asking price. During the same period more than 39 listings were sold at asking price, while more than 104 were sold below. The number of listings in Cedar Rapids, IA increased by 11.4% between February and March 2025. While the average time on the market in March 2025 was 44 days, the median list price was $199,927.

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

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