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Warehouse, StorageIndustrial
Last sold for $16,740,000 on Jun 23, 2021

5507 ELY RD SW

CEDAR RAPIDS, IA 52404
0
Baths
245,000 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.
21.2 ac
Lot SizeThe size of the land the home sits on, from county records.
1996
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$16,740,000 · Jun 23, 2021

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$514,938 (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.$14,536,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$1,139,400
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$13,396,600
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$13,347,300
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$14,536,000

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.37 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
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.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Warehouse, Storage
CountyLinn
Lot (acres)The size of the land the home sits on, from county records.21.20
HeatingThe type of heating system in the home.None
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

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
Prairie Heights ElementaryB
Elementary · Grades PK–4 · 1.9 mi
M
Prairie Point Middle School / 9th Grade AcademyB-
Middle · Grades 7–9 · 1.9 mi
H
Prairie Point High SchoolD
High · Grades 10–12 · 2.3 mi

District: College 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%

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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

5507 Ely Rd 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.

  • Among the largest homes in Cedar Rapids 52404
  • Among the largest lots in Cedar Rapids 52404
  • Newer than 68% of homes in Linn County

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.

Living area245,000 ft²
SmallerTypical 1,230 ft²Bigger

Bigger than almost all homes nearby

Lot size21.2 ac
SmallerTypical 0.2 acBigger

Bigger than almost all homes nearby

Year built1996
OlderTypical 1974Newer

Newer than 60% of homes nearby

How 5507 Ely Rd Sw ranks against every home in each area.
MeasureThis homeCedar Rapids 52404Linn County
Living areabigger than245,000 ft²almost all homesalmost all homes
Lot sizebigger than21.2 acalmost all homes98% of homes
Year builtnewer than199660% of homes68% of homes

About 5507 Ely Rd Sw

When did 5507 Ely Rd Sw, Cedar Rapids, IA last sell?

5507 Ely Rd Sw, Cedar Rapids, IA last sold on Jun 23, 2021 for $16,740,000, according to the county's recorded deed.

How big is 5507 Ely Rd Sw, Cedar Rapids, IA?

5507 Ely Rd Sw, Cedar Rapids, IA has 245,000 square feet of living space and a 21.20-acre lot.

When was 5507 Ely Rd Sw, Cedar Rapids, IA built?

5507 Ely Rd Sw, Cedar Rapids, IA was built in 1996, making it 30 years old. The building has 1 story.

What schools serve 5507 Ely Rd Sw, Cedar Rapids, IA?

5507 Ely Rd Sw, Cedar Rapids, IA is assigned to Prairie Heights Elementary (elementary), rated B; Prairie Point Middle School / 9th Grade Academy (middle), rated B-; Prairie Point High School (high), rated D. All sit in College Community School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5507 Ely Rd Sw, Cedar Rapids, IA compare to other homes in Cedar Rapids 52404?

Among the 14,706 homes in Cedar Rapids 52404, it is bigger than almost all of them (245,000 ft² against a typical 1,230 ft²), its lot is bigger than almost all of them (21.2 ac against a typical 0.2 ac) and it is newer than 60% of them (1996 against a typical 1974). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 5507 Ely Rd Sw, Cedar Rapids, IA?

The 2024 property tax bill for 5507 Ely Rd Sw, Cedar Rapids, IA was $514,938. The county assessed it at $14,536,000.

More homes on Ely Rd Sw

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Assigned schools

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