Estimated payment $2,656/month
Highlights
- Hot Property
- 40.41 Acre Lot
- Farm
- Barn
- Gentle Sloping Lot
About This Home
With a prime location just off State St. in the City of Ely, this property features a riding arena, horse stalls, and multiple small paddock pastures, making it an excellent setup for a horse boarding facility. A well-appointed 60’ x 102’ pole barn, constructed around 1990, includes three lean-tos. The main level of the barn features a spacious indoor riding arena, seven standard stalls, and one oversized 10’ x 12’ stall. The heated portion of this level offers eight additional stalls, a tack room with its own bathroom, and a convenient wash rack. Upstairs, recently renovated caretaker quarters provide two bedrooms, a kitchen/living area, and a full bath. Two open-front horse shelters are found in the fenced paddocks. Hoosier Creek passes through the property. West of the creek is a mature stand of timber with a mixture of walnut, oak, hackberry and elm trees.
Property Details
Property Type
- Other
Est. Annual Taxes
- $1,354
Lot Details
- 40.41 Acre Lot
- Gentle Sloping Lot
Home Design
- Farm
Farming
- Barn
Listing and Financial Details
- Assessor Parcel Number 183032700300000, 183032700500000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/03/2025 12/03/25 | For Sale | $484,920 | -3.0% | -- | |
| 07/18/2024 07/18/24 | Sold | $500,000 | -9.1% | -- | View Prior Sale |
| 05/18/2024 05/18/24 | Pending | -- | -- | -- | |
| 05/16/2024 05/16/24 | For Sale | $550,000 | -- | -- |
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2509671
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