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Single Family ResidenceResidential
$223,827$148 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $198,000 on Jan 18, 2025

2603 SCHAEFFER DR SW

CEDAR RAPIDS, IA 52404
4
Beds
2
Baths
1,511 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.35 ac
Lot SizeThe size of the land the home sits on, from county records.
1956
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
8
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$224K
$206K low$242K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$198,000 · Jan 18, 2025
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$43,827
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$35,062
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.82%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$180,000
NEW AMERICAN FUNDING · recorded Jan 16, 2025

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,432 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$197,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$38,100
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$158,900
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$197,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$197,000

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.A-Frame
CountyLinn
Lot (acres)The size of the land the home sits on, from county records.0.35
ConstructionThe main material the home's frame and walls are built from.Steel Frame
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
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 12 ft²Patio · 286 ft²Porch · 37 ft²

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

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

E
Grant Elementary SchoolD-
Elementary · Grades KG–5 · 0.3 mi
M
Wilson Middle SchoolD
Middle · Grades 6–8 · 0.4 mi
H
Jefferson High SchoolF
High · Grades 9–12 · 2.1 mi

District: Cedar Rapids Community School District

Neighborhood · ZIP 52404These 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.118
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.89
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.19

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.16%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.12%
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.45,212
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.818 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$67,156
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$77,930
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.34 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.61%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Absentee owner
Company ownedWhether the owner is a company or trust rather than a person.No

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

How this home compares

2603 Schaeffer Dr Sw measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 79% of homes in Southwest Area
  • Costs less per square foot than 70% of homes in Linn County
  • Bigger than 84% of homes in Southwest Area
  • Has a bigger lot than 86% of homes in Southwest Area
  • Older than 71% of homes in Linn County

What homes are worth in Cedar Rapids 52404

Each bar is how many homes fall in that price range. The marker is this home.

This home
$72K$495K

This home is worth more than 59% of homes in Cedar Rapids 52404.

How it measures up in Cedar Rapids 52404

The dot is this home. The mark in the middle is the typical home in Cedar Rapids 52404.

Estimated value$223,827
CheaperTypical $207,145Pricier

Pricier than 59% of homes nearby

Price per ft²$148
CheaperTypical $178Pricier

Pricier than 31% of homes nearby

Living area1,511 ft²
SmallerTypical 1,227 ft²Bigger

Bigger than 74% of homes nearby

Lot size0.35 ac
SmallerTypical 0.2 acBigger

Bigger than 80% of homes nearby

Year built1956
OlderTypical 1973Newer

Newer than 33% of homes nearby

How 2603 Schaeffer Dr Sw ranks against every home in each area.
MeasureThis homeSouthwest AreaCedar Rapids 52404Linn County
Estimated valuepricier than$223,82779% of homes59% of homes47% of homes
Price per ft²pricier than$14837% of homes31% of homes30% of homes
Living areabigger than1,511 ft²84% of homes74% of homes60% of homes
Lot sizebigger than0.35 ac86% of homes80% of homes72% of homes
Year builtnewer than195658% of homes33% of homes29% of homes

About 2603 Schaeffer Dr Sw

How much is 2603 Schaeffer Dr Sw, Cedar Rapids, IA worth?

The TopHap Estimate for 2603 Schaeffer Dr Sw, Cedar Rapids, IA is $223,827 as of Jul 14, 2026. The likely range is $205,630 to $242,024. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 2603 Schaeffer Dr Sw, Cedar Rapids, IA last sell?

2603 Schaeffer Dr Sw, Cedar Rapids, IA last sold on Jan 18, 2025 for $198,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 2603 Schaeffer Dr Sw, Cedar Rapids, IA?

2603 Schaeffer Dr Sw, Cedar Rapids, IA has 4 bedrooms, 2 bathrooms, 1,511 square feet of living space and a 0.35-acre lot.

When was 2603 Schaeffer Dr Sw, Cedar Rapids, IA built?

2603 Schaeffer Dr Sw, Cedar Rapids, IA was built in 1956, making it 70 years old. It is a a-frame home. The building has 1 story.

What schools serve 2603 Schaeffer Dr Sw, Cedar Rapids, IA?

2603 Schaeffer Dr Sw, Cedar Rapids, IA is assigned to Grant Elementary School (elementary), rated D-; Wilson Middle School (middle), rated D; Jefferson High School (high), rated F. All sit in Cedar Rapids Community School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 2603 Schaeffer Dr Sw, Cedar Rapids, IA compare to other homes in Cedar Rapids 52404?

Among the 14,702 homes in Cedar Rapids 52404, it is worth more than 59% of them ($223,827 against a typical $207,145), its price per square foot is higher than 31% of them ($148 against a typical $178), it is bigger than 74% of them (1,511 ft² against a typical 1,227 ft²), its lot is bigger than 80% of them (0.35 ac against a typical 0.2 ac) and it is newer than 33% of them (1956 against a typical 1973). Measured against all of Linn County, it is worth more than 47% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 2603 Schaeffer Dr Sw, Cedar Rapids, IA?

The 2024 property tax bill for 2603 Schaeffer Dr Sw, Cedar Rapids, IA was $3,432. The county assessed it at $197,000.

Closest homes

More homes in Cedar Rapids 52404

Assigned schools

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