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For sale
  • Price cut: $5.4K (10/20)
    $229,500

    516 Forest Dr SE, Cedar Rapids, IA 52403

    3beds
    1,440sqft
    : 
    $1,780/mo
    Get pre-qualified
    Single Family Residence
    Built in 1920
    8,232 Square Feet Lot
    $226,000 Zestimate®
    $159/sqft
    $-- HOA

    What's special

    Character, charm, and incredible versatility! This inviting two-story home offers 3 bedrooms, a spacious bathroom featuring both a relaxing soaking tub and walk-in shower, and plenty of unique spaces to make it your own. A wonderful bonus room on the main floor overlooks the fenced backyard and provides flexible space for an office, playroom, hobby area, or additional living space.The home is filled with character, including a cozy fireplace with built-in cabinetry, a full basement for storage and additional possibilities. Offering a charming sunroom that adds even more living space. Outside, the fenced yard backs directly to the school track, offering a rare sense of privacy with no neighbors immediately behind you. The over 1,200-square-foot garage is truly a standout feature! Complete with a shop area in the back, it offers an incredible amount of space for vehicles, hobbies, storage, or a home-based business. The garage is already set up with everything needed to add heat and even install a full kitchen if desired, opening the door to countless possibilities.A great property with character, space, privacy, and a garage that is sure to impress!
    44 days
    1,135
    90

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Rachael Ray 319-270-3104,

    SKOGMAN REALTY

    Source: CRAAR, CDRMLS,MLS#: 2606354MLS LogoOriginating MLS: Cedar Rapids Area Association Of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      Rooms
      • Room types: Four Season, Living Room
      Other
      • Level: Second
      Heating
      • Forced Air, Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Microwave, Range, Refrigerator
      Features
      • Dining Area, Separate/Formal Dining Room, Upper Level Primary
      • Basement: Full
      • Has fireplace: Yes
      • Fireplace features: Insert, Living Room, Wood Burning
      Interior area
      • Total interior livable area: 1,440 sqft
      • Finished area above ground: 1,440
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Four or more Spaces, Heated Garage, Garage Door Opener
      • Has garage: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Patio
      • Exterior features: Fence
      Lot
      • Size: 8,232 Square Feet
      • Dimensions: 50 x 165
      Details
      • Parcel number: 142337800300000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Two Story
      • Property subtype: Single Family Residence
      Materials
      • Frame, Vinyl Siding
      Condition
      • New construction: No
      • Year built: 1920

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Cedar Rapids

      Financial & listing details

      • Price per square foot: $159/sqft
      • Tax assessed value: $219,200
      • Annual tax amount: $3,727
      • Date on market: 9/9/2026

        Estimated market value

        $226,000

        $215,000 - $237,000

        $1,628/mo

        Price history

        DateEventPrice
        10/20/2026Price change$229,500-2.3%$159/sqft
        Source: CRAAR, CDRMLS #2606354 Report a problem
        9/28/2026Price change$234,900-2.1%$163/sqft
        Source: CRAAR, CDRMLS #2606354 Report a problem
        9/10/2026Price change$239,900-2.5%$167/sqft
        Source: CRAAR, CDRMLS #2606354 Report a problem
        8/29/2026Price change$246,000-1.6%$171/sqft
        Source: CRAAR, CDRMLS #2605469 Report a problem
        8/3/2026Listed for sale$249,900+66.6%$174/sqft
        Source: CRAAR, CDRMLS #2605469 Report a problem
        8/29/2023Listing removed--
        Source: Zillow Rentals Report a problem
        8/25/2023Listed for rent$1,575+14.5%$1/sqft
        Source: Zillow Rentals Report a problem
        12/20/2018Listing removed$1,375$1/sqft
        Source: Zillow Rental Manager Report a problem
        11/5/2018Price change$1,375+0.7%$1/sqft
        Source: Zillow Rental Manager Report a problem
        11/1/2018Listed for rent$1,365$1/sqft
        Source: Zillow Rental Manager Report a problem
        10/16/2015Listing removed$150,000$104/sqft
        Source: Skogman Realty #1503959 Report a problem
        9/2/2015Price change$150,000-3.2%$104/sqft
        Source: Skogman Realty #1503959 Report a problem
        7/31/2015Price change$155,000-3.1%$108/sqft
        Source: Skogman Realty #1503959 Report a problem
        6/16/2015Price change$159,900-3%$111/sqft
        Source: Skogman Realty #1503959 Report a problem
        3/27/2015Price change$164,900-2.9%$115/sqft
        Source: Skogman Realty #1407459 Report a problem
        1/27/2015Price change$169,900-2.9%$118/sqft
        Source: Skogman Realty #1407459 Report a problem
        11/7/2014Listed for sale$174,900+69.8%$121/sqft
        Source: Skogman Realty #1407459 Report a problem
        7/16/2014Sold$103,000-6.3%$72/sqft
        Source: Iowa City Area AOR #20143317 Report a problem
        6/17/2014Listed for sale$109,900$76/sqft
        Source: Lepic-Kroeger, REALTORS #20143317 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,812 +9.7%$219,200 +4.1%
        2024$3,476 -2.7%$210,500 +7.2%
        2023$3,572 +4.9%$196,400 +15.9%
        2022$3,404 +0.8%$169,400 +3.1%
        2021$3,376 +2.7%$164,300 +7.4%
        2020$3,286 +2.2%$153,000
        2019$3,216 $153,000 +2.5%
        2018$3,216 +2.8%$149,200 +0.3%
        2017$3,128 -3.4%$148,700 +6.5%
        2016$3,238 +9.1%$139,600 -2.7%
        2015$2,968 +3.5%$143,501
        2014$2,868 -1.3%$143,501
        2013$2,907 +10.7%$143,501 +2.1%
        2012$2,626 $140,591 -2.5%
        2011-- $144,240
        2010$2,260 $144,240 +7.4%
        2008-- $134,303 0%
        2007-- $134,304 +7.1%
        2005-- $125,382 -6.4%
        2004-- $133,984
        2003-- $133,984 +2.9%
        2002-- $130,188 +14%
        2001-- $114,200
        2000-- $114,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 52403

        Getting around

        43 / 100
        Car-Dependent
        18 / 100
        Minimal Transit

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Grant Wood
        • Middle: McKinley
        • High: Washington

        Source: CRAAR, CDRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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