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CondominiumResidential

215 40th Street Dr

CEDAR RAPIDS, IA 52403
1979
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 19793 floors18 units960–1,325 ft²
$2.3M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$121K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$118
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-8.9%vs the Cedar Rapids ZIP median sale $/ft² ($129)

Sales Performance

$120K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
5.6%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+1.9%per yeartypical hold 6.0 yrsfrom 16 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20042006200920122014201720202025
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20042006200920122014201720202025

32 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$109K$121K$133K$145K960 ft²1,033 ft²1,106 ft²1,179 ft²1,252 ft²1,325 ft²
2 bd
2 bed
18 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
2 bd · 2 ba · 961 ft²
4 units
2 bd · 2 ba · 985 ft²
4 units
2 bd · 2 ba · 960 ft²
2 units
2 bd · 2 ba · 976 ft²
2 units
2 bd · 2 ba · 1,307 ft²
2 units
2 bd · 2 ba · 1,325 ft²
2 units
One-off layouts
2 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$109K–$109K
2 units
$113K–$117K
4 units
$120K–$122K
4 units
$135K–$136K
4 units
$137K–$140K
3 units
$145K–$145K
1 unit

Value by Floor & LineAverage estimated price per square foot by floor range, using unit numbers to infer floors. Higher floors usually price higher — the gap shows how much the view is worth here.

Floor 1
$127/ft²
Floor 2
$121/ft²
Floor 3
$104/ft²
Unit lines by $/ft²Condo units stacked vertically share a unit line — the last digits of the unit number (like 05 in 1205, 1305, 1405). Lines share a layout and exposure, so comparing estimated $/ft² by line shows which position in the building commands a premium.
Line ·05
$130/ft²
Line ·06
$118/ft²
Line ·04
$116/ft²
Line ·02
$115/ft²
Line ·03
$114/ft²
Line ·01
$111/ft²

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.94%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.0%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.6.4 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.0%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.72%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$114,972
Median tax billThe middle annual property tax bill among the building's units.$1,912
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 304Sep 8, 2025$120,000Unit 204Apr 18, 2024$99,500Unit 102Jan 11, 2024$119,625Unit 304Dec 1, 2020$110,000Unit 106Sep 22, 2020$95,500Unit 202Sep 4, 2020$79,000Unit 305Mar 27, 2020$105,000Unit 103Jan 24, 2020$80,000Unit 306Oct 4, 2019$105,000Unit 206May 29, 2019$83,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.197 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.51%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.1 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.A-Frame
CountyLinn
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Concrete
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Forced Air
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Patio · 168 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Kenwood Leadership AcademyD-
Elementary · Grades PK–5 · 0.6 mi
H
Washington High SchoolD+
High · Grades 9–12 · 1.4 mi
M
Benjamin Franklin Middle SchoolC-
Middle · Grades 6–8 · 1.5 mi

District: Cedar Rapids Community School District

Neighborhood · ZIP 52403These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.110
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.83
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.18

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.92%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.25%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.7.9%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.23,841
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.892 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$79,627
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$114,272
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.36 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.61%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

215 40th Street Dr Se Apt 101
2 bd · 2 ba · 985 ft²
$117K
215 40th Street Dr Se # 102
2 bd · 2 ba · 960 ft²
$113K
215 40th Street Dr Se Apt 103
2 bd · 2 ba · 976 ft²
$120K
215 40th Street Dr Se Apt 104
2 bd · 2 ba · 961 ft²
$136K
215 40th Street Dr Se Apt 105
2 bd · 2 ba · 961 ft²
$136K
215 40th Street Dr Se Apt 106
2 bd · 2 ba · 985 ft²
$120K
215 40th Street Dr Se # 201
2 bd · 2 ba · 985 ft²
$109K
215 40th Street Dr Se # 202
2 bd · 2 ba · 960 ft²
$116K
215 40th Street Dr Se Apt 203
2 bd · 2 ba · 976 ft²
$114K
215 40th Street Dr Se Apt 204
2 bd · 2 ba · 961 ft²
$109K
215 40th Street Dr Se # 205
2 bd · 2 ba · 961 ft²
$136K
215 40th Street Dr Se Apt 206
2 bd · 2 ba · 985 ft²
$121K
215 40th Street Dr Se Apt 301
2 bd · 2 ba · 1,325 ft²
$137K
215 40th Street Dr Se Apt 302
2 bd · 2 ba · 1,306 ft²
$140K
215 40th Street Dr Se Apt 303
2 bd · 2 ba · 1,317 ft²
$135K
215 40th Street Dr Se # 304
2 bd · 2 ba · 1,307 ft²
$122K
215 40th Street Dr Se Apt 305
2 bd · 2 ba · 1,307 ft²
$140K
215 40th Street Dr Se # 306
2 bd · 2 ba · 1,325 ft²
$145K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 215 40th Street Dr

How many units are in 215 40th Street Dr, Cedar Rapids, IA?

215 40th Street Dr, Cedar Rapids, IA has 18 residential units across 3 floors, built in 1979, according to county assessor records.

What is a unit at 215 40th Street Dr, Cedar Rapids, IA worth?

The median TopHap Estimate across the 18 units at 215 40th Street Dr, Cedar Rapids, IA is $121,383. That works out to $118 per square foot. Units run from 960 to 1,325 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 215 40th Street Dr, Cedar Rapids, IA expensive for Cedar Rapids?

Units at 215 40th Street Dr, Cedar Rapids, IA carry a median of $118 per square foot, 9% below the Cedar Rapids median of $129 per square foot.

How often do units sell at 215 40th Street Dr, Cedar Rapids, IA?

1 units at 215 40th Street Dr, Cedar Rapids, IA sold in the last 12 months, out of 32 recorded arms-length sales all time. That is a turnover rate of 5.6% of the building per year. The median sale over that period was $120K.

Have units at 215 40th Street Dr, Cedar Rapids, IA appreciated?

Across 16 repeat sales of the same unit, 215 40th Street Dr, Cedar Rapids, IA returned a median 1.9% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 6.0 years.

What floor plans does 215 40th Street Dr, Cedar Rapids, IA have?

The most common plan at 215 40th Street Dr, Cedar Rapids, IA is a 2-bedroom of 961 square feet, repeated 4 times, with a median estimate of $135,916. TopHap identifies 6 recurring plans in the building.

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