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1615 38th St SE, Cedar Rapids, IA, 52403

4beds
3baths
2,952sqft
$545,000
$185price/sqft
$4,213/moest. monthly cost
$168,520/yrincome needed

About This Home

Introducing a striking modern new construction residence in Oak Ridge Estates, thoughtfully designed with elevated finishes and architectural detail throughout. Scheduled for completion in approximately 30 days, this home offers an open-concept layout with custom cabinetry, quartz surfaces, slab-style backsplash, and designer lighting. Main level includes a private office with French doors and a powder room. Expansive 9’ ceilings on both levels, paired with 7’5” interior doors and a 3’6” x 8’ entry door, create a rare sense of scale. Bathrooms feature floating vanities and spa-like finishes. Exterior showcases modern farmhouse design with black windows and glass garage door. Lower level offers bedroom and bath framed. Rare opportunity to purchase prior to completion and lock in a standout modern home before final reveal. Renderings reflect the intended finished design and quality.

Getting Around

29
WalkingCar-Dependent
18
TransitMinimal Transit
17
BikeSomewhat Bikeable

Schools

7/10
4/10
McKinley STEAM AcademyGrades 6-82.2 mi
3/10

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Two Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Range,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Dining Area,Separate/Formal Dining Room,Upper Level Primary
  • Fireplace features: Electric
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,952

Heating

  • Heating features: Gas

Interior Area

  • Total interior livable area: 2,952 sqft

Other

  • Level: Second

Property

Details

  • Parcel number: 142532700700000

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 9,583 sqft
  • Lot size dimensions: 9,629

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Cold Wave
Hail
Lightning
Tornado

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 $2,755$33,060
Home Insurance *$510$6,120
Property Taxes $728$8,736
Electricity $220$2,642
Total$4,213$50,556
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$144,445/yr
40% on housing$126,390/yr
45% on housing$112,346/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

$185This listing

vs Other Active Listings

Avg $/sqft

ZIP 52403$145
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
2026-04-09Listed for sale$559,000
2025-11-18Sold$48,000
2025-08-14Listed for sale$49,000
2025-08-05Listing removed--
2025-05-07Listed for sale$49,000
2025-04-22Listing removed--
2025-01-22Listed for sale$49,000
2024-12-19Listing removed--
2024-09-20Listed for sale$49,000
2024-08-25Listing removed--
2024-05-07Listed for sale$49,000
2024-03-11Listing removed--
2023-12-12Listed for sale$49,000
2023-07-07Listing removed--
2022-11-27Listed for sale$48,000
2022-10-18Listing removed--
2022-07-20Listed for sale$48,000
2020-01-22Sold$42,000

New Construction

AgentKurt Clements
BrokerageListWithFreedom.com

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