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!
For sale
Price cut: $5.4K (10/20)
$229,500
516 Forest Dr SE, Cedar Rapids, IA 52403
3beds
1,440sqft
Single Family Residence
Built in 1920
8,232 Square Feet Lot
$226,000 Zestimate®
$159/sqft
$-- HOA
What's special
- 43 days
- 1,127
- 90
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Rachael Ray 319-270-3104,
SKOGMAN REALTY
Source: CRAAR, CDRMLS,MLS#: 2606354
Originating 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
| Date | Event | Price |
|---|---|---|
| 10/20/2026 | Price change | $229,500-2.3%$159/sqft |
Source: | ||
| 9/28/2026 | Price change | $234,900-2.1%$163/sqft |
Source: | ||
| 9/10/2026 | Price change | $239,900-2.5%$167/sqft |
Source: | ||
| 8/29/2026 | Price change | $246,000-1.6%$171/sqft |
Source: | ||
| 8/3/2026 | Listed for sale | $249,900+66.6%$174/sqft |
Source: | ||
| 8/29/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/25/2023 | Listed for rent | $1,575+14.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/20/2018 | Listing removed | $1,375$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 11/5/2018 | Price change | $1,375+0.7%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 11/1/2018 | Listed for rent | $1,365$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/16/2015 | Listing removed | $150,000$104/sqft |
Source: Skogman Realty #1503959 Report a problem | ||
| 9/2/2015 | Price change | $150,000-3.2%$104/sqft |
Source: Skogman Realty #1503959 Report a problem | ||
| 7/31/2015 | Price change | $155,000-3.1%$108/sqft |
Source: Skogman Realty #1503959 Report a problem | ||
| 6/16/2015 | Price change | $159,900-3%$111/sqft |
Source: Skogman Realty #1503959 Report a problem | ||
| 3/27/2015 | Price change | $164,900-2.9%$115/sqft |
Source: Skogman Realty #1407459 Report a problem | ||
| 1/27/2015 | Price change | $169,900-2.9%$118/sqft |
Source: Skogman Realty #1407459 Report a problem | ||
| 11/7/2014 | Listed for sale | $174,900+69.8%$121/sqft |
Source: Skogman Realty #1407459 Report a problem | ||
| 7/16/2014 | Sold | $103,000-6.3%$72/sqft |
Source: | ||
| 6/17/2014 | Listed for sale | $109,900$76/sqft |
Source: Lepic-Kroeger, REALTORS #20143317 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: 52403
Nearby schools
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.





