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516 Forest Dr SE, Cedar Rapids, IA, 52403

3beds
2baths
1,440sqft
$249,900
$174price/sqft
$1,982/moest. monthly cost
$79,280/yrincome needed

About This Home

Updated 1920s Character with Massive Garage under $250k!Move right into this charming2-story featuring modern family updates and an incredible 1,232 sq ft dream garage.Enjoy peace of mind with new windows, fresh paint and updated flooring.The main level welcomes you with a front sunroom, a cozy living room with classic 1920s built ins and fireplace, a formal dining room with hardwood floors kitchen with plenty of counter space and a family room in the back. Upstairs 3 bedrooms all have hardwood floors. The bathroom complete with a walk-in shower, a soaking tub, and a large linen closet.Fully fenced backyard is perfect for kids and pets backing directly up to the schools soccer field.The true show-stopper is the massive 4-car detached garage, which includes a rear workshop space ready for a heater. Need more space? Simply remove the workshop wall to easily fit up to 6 vehicles! This is rare find wont last! Call today to see

Getting Around

43
WalkingCar-Dependent
18
TransitMinimal Transit
37
BikeSomewhat Bikeable

Schools

3/10
3/10
McKinley STEAM AcademyGrades 6-81.1 mi
4/10

Construction

Condition

  • Year built: 1920

Materials

  • Construction materials: Frame,Vinyl Siding

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

Features

  • Dining Area,Separate/Formal Dining Room,Upper Level Primary
  • Fireplace features: Insert,Living Room,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,440

Heating & Cooling

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

Interior Area

  • Total interior livable area: 1,440 sqft

Other

  • Level: Second

Property

Details

  • Parcel number: 142337800300000

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio
  • Exterior features: Fence

Lot

  • Lot size: 8,232 sqft
  • Lot size dimensions: 50 x 165

Parking

  • Total spaces: 4
  • Parking features: Four or more Spaces,Heated Garage,Garage Door Opener
  • Has garage: Yes

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 $1,263$15,156
Home Insurance *$234$2,808
Property Taxes $364$4,368
Electricity $121$1,452
Total$1,982$23,784
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$67,954/yr
40% on housing$59,460/yr
45% on housing$52,853/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

$174This listing

vs Other Active Listings

Avg $/sqft

ZIP 52403$146
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
2026-08-03Listed for sale$249,900
2023-08-29Listing removed--
2023-08-25Listed for rent$1,575
2018-12-20Listing removed$1,375
2018-11-05Price change$1,375
2018-11-01Listed for rent$1,365
2015-10-16Listing removed$150,000
2015-09-02Price change$150,000
2015-07-31Price change$155,000
2015-06-16Price change$159,900
2015-03-27Price change$164,900
2015-01-27Price change$169,900
2014-11-07Listed for sale$174,900
2014-07-16Sold$103,000
2014-06-17Listed for sale$109,900

For Sale by Agent

AgentRachael Ray
BrokerageSKOGMAN REALTY

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