NOT LISTED FOR SALE

0 Buchmayer Bend NE Newport, IA 52240

40.34 Acres
-- Price per Acre
1,757,210 Sq Ft Lot

Last Sold January 05, 2023

Last sale price $695,000

287 Days on Market

Highlights

  • 40.34 Acre Lot
  • Partially Wooded Lot
  • Level Lot
  • Bohumil Shimek Elementary School Rated A-

About This Lot

As of January 2023

If 19 lots sold for $110k each ($2,090,000) less sales cost ($104,500), closing costs ($20,900), development costs ($685,435) and land cost ($800,000) for a potential profit of $479,165 (23%). The buyer agrees to cooperate with the sellers 1031 tax deferred exchange.

Last Agent to Sell the Property

Jeff Edberg

Lepic-Kroeger, REALTORS Listed on: 07/08/2021

Lepic-Kroeger, REALTORS

Co-Listed By

Lexi Belland Perez

Lepic-Kroeger, REALTORS

Last Buyer's Agent

Emily Hammes

Lepic-Kroeger, REALTORS

Lepic-Kroeger, REALTORS

Property Details

Property Type

  • Land

Lot Details

  • 40.34 Acre Lot
  • Property fronts a highway
  • Level Lot
  • Open Lot
  • Partially Wooded Lot
  • Property is zoned Agriculture/Residential

Schools

  • Shimek Elementary School
  • Southeast Middle School

Listing and Financial Details

  • Assessor Parcel Number See below

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: LOTS/LAND
  • Type: Lot/Land
  • Photo Code: Complete
  • Photo Code1: Broker Loaded
  • Remarks: Ideal development opportunity including 40.34 acres just on the edge of Iowa City off Highway 1. Conveniently located just minutes to I-80, such a desirable location. You'll appreciate the abundance of wildlife and picturesque views of the Iowa countryside. Projected platted subdivision included in attached documents highlights 19 sizable acre lots, chip seal roadways, and 3 community wells. 4 parcels (0725176001 - 5.52 acres) (0725101002 - 19.36 acres) (0724476002 - 11.08 acres) (0830227002 - 4.38 acres)
  • Tax Year Report: 2019
  • Potential Use: Agriculture/Farming, Residential
  • Directions: 1.5 miles north on Hwy 1 toward Solon from I-80, west on Buchmayer Bend.
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • S O1 Dues Paid: y
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Gravel, Pavement, US Highway

Utilities

  • Utilities Available: See Other Remarks

Schools

  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Shimek

Lot Info

  • Acreage: 40.34
  • Lot Dimensions: 40.34
  • Zoning: Agriculture/Residential
  • Estimated Lot Sq Ft: 10-20 Acres, 20-50 Acres
  • Improvements: Open Land, Partially Wooded
  • Present Use: Undeveloped Land
  • Topology: Gentle Rolling, Level

Tax Info

  • Gross Tax County City: 1029.21
  • Assessor Parcel Number: See below

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2023 01/05/23 Sold $695,000 -13.1% --
07/08/2021 07/08/21 For Sale $800,000 -- --
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeff Edberg

    Seller's Agent in 2023

    Jeff Edberg

    Lepic-Kroeger, REALTORS

    (319) 331-6187

    175 Total Sales

    Jeff Edberg
    Section Image
  • Lexi Belland Perez

    Seller Co-Listing Agent in 2023

    Lexi Belland Perez

    Lepic-Kroeger, REALTORS

    (319) 530-1055

    475 Total Sales

    Lexi Belland Perez
    Section Image
  • Emily Hammes

    Buyer's Agent in 2023

    Emily Hammes

    Lepic-Kroeger, REALTORS

    (319) 594-4993

    77 Total Sales

    Emily Hammes
    Section Image
See All Agents

Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202103962

Iowa City Area Association of REALTORS®
Iowa Johnson County 52240

0 Buchmayer Bend NE, IA

This home is located at 0 Buchmayer Bend NE, Newport, IA 52240 since 08 July 2021. 0 Buchmayer Bend NE is a home located in Johnson County with nearby schools including Bohumil Shimek Elementary School, Southeast Junior High School, and City High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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