Diamond in the rough. Rare opportunity, in quiet NE neighborhood, for 4 bedroom 2 1/2 bath home. Large open spaces give unlimited potential for design ,living options, and instant equity for anyone willing to finish up started updates. As you walk in the front door you enter into a large entry way perfect for a drop zone. Large 2 stall garage to your right with tucked away man/woman cave space or work shop area. To your left, a few steps to main floor or a few steps to down stairs to a large open bright basement. The kitchen has been opened up to the dining room and an area for island has been framed out. There is new flooring throughout main living level. Unique built ins and stained glass window add charm. Primary bedroom has half bath ensuite. Basement has had new drywall and corrugated metal accents for rustic yet clean look. Walk out basement leads to large fenced back yard with additional open space past fencing. Backs to open land. The mixture of the charm of the original build with a modern feel. Ready for the floor of your choice. This home is move in ready with a few finishing touches needed to make it your own.
List price has been adjusted to account for finishes needed.
For sale
$235,000
2602 Towne House Dr NE, Cedar Rapids, IA 52402
4beds
1,796sqft
Est.:
Single Family Residence
Built in 1968
7,492.32 Square Feet Lot
$232,200 Zestimate®
$131/sqft
$-- HOA
What's special
Unique built insLarge open bright basementBacks to open land
- 5 days |
- 949 |
- 43 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 07, 2025 at 11:30am
Listed by:
Jeannie Rice 319-550-5700,
Realty87
Source: CRAAR, CDRMLS,MLS#: 2509618
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Family Room, Recreation
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Disposal, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Features
- Dining Area, Separate/Formal Dining Room, Bath in Primary Bedroom, Main Level Primary
- Basement: Full
Interior area
- Total interior livable area: 1,796 sqft
- Finished area above ground: 1,286
- Finished area below ground: 510
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage, Guest, Off Street, Garage Door Opener
- Attached garage spaces: 2
Features
- Levels: Multi/Split
- Patio & porch: Patio
- Exterior features: Fence
Lot
- Size: 7,492.32 Square Feet
- Dimensions: 7,482
Details
- Parcel number: 140540200700000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Split-Foyer
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Frame
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $131/sqft
- Tax assessed value: $207,900
- Annual tax amount: $3,765
- Date on market: 12/5/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$232,200
$221,000 - $244,000
$1,960/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Listed for sale | $235,000+7.8%$131/sqft |
Source:  CRAAR, CDRMLS #2509618 Report a problem | ||
| 10/21/2022 | Sold | $218,000-0.7%$121/sqft |
Source: CRAAR, CDRMLS #2207766 Report a problem | ||
| 9/16/2022 | Pending sale | $219,500$122/sqft |
Source: CRAAR, CDRMLS #2207766 Report a problem | ||
| 9/8/2022 | Price change | $219,500-3.5%$122/sqft |
Source: CRAAR, CDRMLS #2207766 Report a problem | ||
| 8/16/2022 | Listed for sale | $227,500$127/sqft |
Source: CRAAR, CDRMLS #2207766 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,566 +4.1% | $207,900 +3.2% |
| 2023 | $3,426 +7.5% | $201,500 +17.6% |
| 2022 | $3,188 -1.8% | $171,300 +5.2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,302/mo
Principal & interest
$911
Property taxes
$309
Home insurance
$82
Climate risks
Neighborhood: 52402
Nearby schools
GreatSchools rating
- 5/10Pierce Elementary SchoolGrades: K-5Distance: 0.4 mi
- 2/10Franklin Middle SchoolGrades: 6-8Distance: 2.9 mi
- 5/10John F Kennedy High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Pierce
- Middle: Franklin
- High: Kennedy
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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