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100 Thompson Dr SE APT 116, Cedar Rapids, IA, 52403

2beds
2baths
1,275sqft
$155,000
$122price/sqft
$1,238/moest. monthly cost
$49,520/yrincome needed

About This Home

Welcome to this move-in-ready, spacious main-floor condo located in a desirable 55+ community. Offering one of the best locations in the building, this home features an incredible outdoor patio—perfect for relaxing by the fireplace while enjoying peaceful views of the beautifully landscaped courtyard filled with flowers and lush plantings. Step inside to an inviting open floor plan with numerous updates throughout, including updated bathrooms, a stylish white kitchen, stainless steel appliances, updated windows, and neutral décor that complements any style. The spacious primary bedroom includes a large walk-in closet, providing ample storage space, plus a full bathroom. A second bedroom, full bathroom and laundry area complete the living space. Additional highlights include a secured underground heated garage, secure building entrance, and a private storage unit. HOA fees cover water, garbage, basic cable/internet, common area insurance, maintenance, snow removal, and lawn care, making for easy, low-maintenance living. Ideally located near downtown Cedar Rapids, with quick access to restaurants, hospitals, shopping, and entertainment.

Getting Around

45
WalkingCar-Dependent
28
TransitSome Transit
40
BikeSomewhat Bikeable

Schools

5/10
Arthur Elementary SchoolGrades K-50.4 mi
2/10
Franklin Middle SchoolGrades 6-80.3 mi
3/10

Construction

Condition

  • Year built: 1973

Materials

  • Construction materials: Brick,Frame

Type & Style

  • Home type: Condo
  • Architectural style: Ranch
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Electric Water Heater,Microwave,Range,Refrigerator,Washer
  • Laundry features: Main Level

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Kitchen/Dining Combo,Main Level Primary
  • Fireplace features: Electric,Insert
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,275

Heating & Cooling

  • Heating features: Forced Air,Gas
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,275 sqft

Other

  • Level: First

Property

Details

  • Parcel number: 141432700501007

Features

  • Stories: 1
  • Patio & porch: Patio

Lot

  • Lot size dimensions: 0

Parking

  • Total spaces: 1
  • Parking features: Attached,Underground,Garage,Guest,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Hail
Strong Wind
Tornado
Winter Weather
Cold Wave
Inland Flooding
Ice Storm
Lightning

FEMA Declared Disasters Across Iowa Counties

Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $783$9,396
Home Insurance *$145$1,740
Property Taxes $189$2,268
Electricity $121$1,452
Total$1,238$14,856
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$42,445/yr
40% on housing$37,140/yr
45% on housing$33,013/yr

Iowa FAIR Plan Programs

Iowa FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 1,021Commercial: 22
Total Premiums$1.14M
Total Exposure$85.68M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.0%
13.0%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$122This listing

vs Other Active Listings

Avg $/sqft

ZIP 52403$147
Linn County$163

vs Homes Sold Last Month

Median $/sqft

ZIP 52403$125
Linn County$132

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-11-20Listed for sale$160,000
2023-11-30Sold$155,000
2023-10-18Pending sale$155,000
2023-10-13Listed for sale$155,000

For Sale by Agent

AgentMeagan Bennett-Twins Home Team
BrokerageLee's Town & Country Real Estate

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