• Parcel Number:
    14091-01026-00000
  • DBA:
    THE POINT AT CEDAR RAPIDS EAST APARTMENTS
  • Deed Holder:
    CUNAT EXCHANGE V THE POINTE DST
  • Property Address:
    4000 SHERMAN ST NE
    CEDAR RAPIDS, IA 52402-0000

  • Mailing Address:
    5400 WEST ELM STREET SUITE 110
    MC HENRY, IL 60050-0000 USA
  • Location:
    Urban
  • Class:
    RES 3+ UNITS
  • Map Area:
    APARTMENT
  • Tax District:
    20100 CR/CR SCH
  • Plat Map:
    1824
  • Legal Description:
    PROJECT INDEPENDENCE 1ST LOT 2
  • Property Report:
  Current Value as of January 1, 2024 - Taxes payable September 2025 and March 2026
Land Value Dwelling Value Improvement Value Total Value
$130,500 $1,314,100 $0 $1,444,600
  Prior Year Value Information
Year Land Value Dwelling Value Improvement Value Total Value
2023 $130,500 $1,314,100 $0 $1,444,600
2022 $130,500 $967,500 $0 $1,098,000
2021 $130,500 $967,500 $0 $1,098,000
2020 $92,800 $727,400 $0 $820,200
2019 $92,800 $727,400 $0 $820,200
2018 $92,800 $765,200 $0 $858,000
2017 $92,800 $765,200 $0 $858,000
2016 $92,800 $723,000 $0 $815,800
2015 $92,800 $723,000 $0 $815,800
2014 $92,800 $0 $803,179 $895,979
2013 $96,000 $0 $1,216,632 $1,312,632
  Land Information
Assessor's lot sizes are for assessment purposes only and may NOT represent actual dimensions. For more accurate, complete data refer to GIS maps, plat maps, or legal documents.
Lot Type Square Feet Acres
Acres x Rate 50,530 1.160
  Commercial Building Information
Occupancy Year Built Building Area
1995 3,528
Building 1 of 2
  • Year Built:1995
  • EFA:28
  • EFF Year:1995
  • Occupancy:Apartment
  • Label:3S FR VINYL
  • Gross Building Area:10,584
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Drywall 1 3,528
Electrical Apartment 1 3,528
Exterior Wall Vinyl - Frame 0 0
Floor Cover Vinyl Sheet 1 0
Floor Cover Carpet 1 3,528
Framing Wood - Average 1 3,528
Fronts/Doors Incl. w / Base Average 0
Ftg & Fdtn Concrete w/o Bsmt 8" 0
HVAC Forced Hot Air 1 3,528
Interior Wall Drywall or Equiv. 0 0
Partitions Apartment 1 3,528
Roof 3-Ply Compo/ Wood Deck 3,528
Struct. Floor 4" R'Concrete 1 3,528
Windows Aluminum 0 0
Plumbing
Description Quantity Range
3-Fixture Bathroom 12 Base
Toilet Room 12 Base
Sink-Kitchen 12 Base
Adjustments
Description Quantity Range
Apt - A/C deduct wall units 3,528 Average
Extra 1 of 1
  • Type: A Misc. Extra
  • Description: LAUNDRY/SHED
  • Quantity: 192.00
  • Units: Square Feet
  • Height: 8
1995 3,528
Building 2 of 2
  • Year Built:1995
  • EFA:28
  • EFF Year:1995
  • Occupancy:Apartment
  • Label:3S FR VINYL
  • Gross Building Area:10,584
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Drywall 1 3,528
Electrical Apartment 1 3,528
Exterior Wall Vinyl - Frame 0 0
Floor Cover Carpet 1 3,528
Floor Cover Vinyl Sheet 1 0
Framing Wood - Average 1 3,528
Fronts/Doors Incl. w / Base Average 0
Ftg & Fdtn Concrete w/o Bsmt 8" 0
HVAC Forced Hot Air 1 3,528
Interior Wall Drywall or Equiv. 0 0
Partitions Apartment 1 3,528
Roof 3-Ply Compo/ Wood Deck 3,528
Struct. Floor 4" R'Concrete 1 3,528
Windows Aluminum 0 0
Plumbing
Description Quantity Range
3-Fixture Bathroom 12 Base
Toilet Room 12 Base
Sink-Kitchen 12 Base
Adjustments
Description Quantity Range
Apt - A/C deduct wall units 3,528 Average
Extra 1 of 1
  • Type: A Misc. Extra
  • Description: ATTACHED SHED
  • Quantity: 96.00
  • Units: Square Feet
  • Height: 8
  Yard Extra Information
Description Item Count Year Built
1 1995
Details
  • Year Built:1995
  • EFA:28
  • EFF Year:1995
  • Description:Paving - Asphalt
  • Condition:Below Normal
  • Paving Type:Asphalt Parking
  • Price Method:Per Square Foot
  • Pricing:Average
  • Quantity:15,600 Square Feet
  • # of Spaces:0
  • Lighting:None
  • Count:1
  • Plot Number:
  Sale Information
Sale Date Amount Sales Condition Code Recording
$0 50 - Other with explanation 11327/137
Sales Detail
  • Buyer: CUNAT EXCHANGE V THE POINTE DST
  • Seller: BRIAN G CUNAT LLC ET AL
  • Sale Date: 03/25/2022
  • Sale Amount: $0
  • Sale Type: Deed
  • Sales Code: 50 - Other with explanation
  • Recording: 11327/137
  • Additional Information: Click Here
$0 50 - Other with explanation 11315/576
Sales Detail
  • Buyer: BRIAN G CUNAT LLC ET AL
  • Seller: THE POINTE AT CEDAR RAPIDS LLC
  • Sale Date: 03/10/2022
  • Sale Amount: $0
  • Sale Type: Quit Claim Deed
  • Sales Code: 50 - Other with explanation
  • Recording: 11315/576
  • Additional Information: Click Here
  Building Permit Information
Date Number | Comments Reason
11/07/2013 UNKNWN1 WORK ORDER
  NEW PARCEL - CHANGE FROM 24 CONDOS TO COMML APT
  Parcel Notes
Title Note
1-2014 CONDO PARCELS 14091-01007-01000 THRU 14091-01007-01023 WERE VOIDED TO MAKE PARCEL 14091-01026-00000 COMM APTS 11/7/13 SAM

1-2014 CHANGE CLASS FROM RES TO COMM FOR APTS PER DECLARATION OF REMOVAL OF PROPERTY FROM 499B RELATING TO FOUR THOUSAND SHERMAN, A CONDOMINIUM BK 8832 - PG 521-523 - TL 11/7/13 SAM

1-2014 REVALUED FROM 24 INDIVIDUAL RESIDENTIAL CONDO UNITS TO 24 COMMERCIAL APARTMENT UNITS AS A RESULT OF DOCUMENTS RECORDED THAT REMOVED THE PROPERTY FROM THE CONDO REGIME AND RETURNED IT TO A COMMERCIAL APARTMENT - 11/08/13 TL

1-2015 SF 295 CHANGE CLASS FROM COMM TO MULTI RES 9/30/14 SAM

1-2015 UPDATED MANUAL LEVEL AND DEPRECIATION SCHEDULE BASED ON MARKET CONDITIONS.

1-2017 14091-01026-00000, 14091-02001-00000,COMPRISE 1 UNIT FOR UNIT COUNT - 10/18/16 TL

1-2019 INFORMAL APPEAL RESULTS IN CHANGE IN VALUE FROM $858,000 TO $820,200. INSPECTED WITH PROPERTY MANAGER ON 4/18/19. APPLY 5% FOR HVAC. 4/24/19 JA

1-2020 BOR PETITION #0144 NO CHANGE 6/9/2020 DC

1-2021 CHANGE OF LAND VALUE FOR COMMERCIAL LAND REVALUATION SEL

1-2021 BOARD OF REVIEW PETITION #0092 NO CHANGE 5/12/21 SAM

1-2022 - CHANGED CLASS FROM MULTI-RES TO RESIDENTIAL 3+ UNITS PER HOUSE FILE 418 (NO RECON REQUIRED). 6/17/21 SAM

1-2023 INFORMAL APPEAL RESULTS IN NO VALUE CHANGE. 2 - 12 UNIT BLDGS, ALL UNITS ARE 2 BDRM/1.5 BATH UNITS, WELL MAINTAINED EXTERIOR, MOSTLY ORIGINAL INTERIOR PER MANAGEMENT. 4/21/2023 NM

1-2023 BOARD OF REVIEW PETITION #1867 NO CHANGE 5/16/23 DMK

1-2023 DISTRICT COURT DOCKET #CVCV102449

1-2024 BOARD OF REVIEW PETITION #0128 WITHDRAWN BY PETITIONER 4/30/2024 DMK

1-2024 BOARD OF REVIEW PETITION #0039 NO CHANGE 5/7/2024

1-2024 DISTRICT COURT DOCKET #CVCV104937
  Tax Information
Assessment Year Taxes Payable Assessed Value Taxable Value Gross Tax Net Tax
2023 2024-2025 $1,444,600.00 $669,468.00 $25,564.00 $25,564.00
2022 2023-2024 $1,098,000.00 $600,058.00 $23,158.00 $23,158.00
2021 2022-2023 $1,098,000.00 $699,975.00 $26,788.00 $26,788.00
2020 2021-2022 $820,200.00 $553,635.00 $21,654.00 $21,654.00
2019 2020-2021 $820,200.00 $584,393.00 $22,796.00 $22,796.00
2018 2019-2020 $858,000.00 $643,500.00 $24,370.00 $24,370.00
2017 2018-2019 $858,000.00 $675,675.00 $25,462.00 $25,462.00
2016 2017-2018 $815,800.00 $673,035.00 $25,742.00 $25,742.00
2015 2016-2017 $815,800.00 $703,628.00 $26,888.00 $26,888.00
2014 2015-2016 $895,979.00 $806,381.00 $30,786.00 $30,786.00
  Sketch
  • Sketch for PIN 14091-01026-00000
    Sketch for PIN 14091-01026-00000
  • Sketch for PIN 14091-01026-00000
    Sketch for PIN 14091-01026-00000
  • Sketch for PIN 14091-01026-00000
    Sketch for PIN 14091-01026-00000
  • Sketch for PIN 14091-01026-00000
    Sketch for PIN 14091-01026-00000
  • Sketch for PIN 14091-01026-00000
    Sketch for PIN 14091-01026-00000
  • Sketch for PIN 14091-01026-00000
    Sketch for PIN 14091-01026-00000