NOT LISTED FOR SALE

1 University Way Unit 114 Iowa City, IA 52246

Estimated Value: $414,000 - $447,000

2 Beds
2 Baths
1,130 Sq Ft
$383/Sq Ft Est. Value

Last Sold July 26, 2022

Last sale price $395,000 $350 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,075/month

103 Days on Market

Highlights

  • Fitness Center
  • The community has rules related to allowing live work
  • Patio
  • Norman Borlaug Elementary School Rated A-
  • Breakfast Bar
  • Living Room

About This Home

As of July 2022

Don't miss this gorgeous 2-bed 2-bath main floor unit outlooking wooded views with a large outdoor patio! Kitchen features quartz counter-tops, backsplash, large breakfast bar, luxury vinyl plank flooring. Primary suite features spacious walk-in closet, tiled floor and shower, double vanity sink. Guest bath features tiled floor/walk-in shower. Custom finishes throughout. Walking distance to UIHC, UI athletics, Health and Law Colleges. Two building elevators. Purchase includes one underground temperature controlled parking space with secure storage in front of the parking space. Call to schedule a private showing today!

Last Agent to Sell the Property

Tyler Riddle

Lepic-Kroeger, REALTORS Listed on: 04/01/2022

Lepic-Kroeger, REALTORS

Co-Listed By

Erik Melloy

Lepic-Kroeger, REALTORS

Last Buyer's Agent

Teresa Morrow

Blank & McCune Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2016

Lot Details

  • 2.29

HOA Fees

  • $258 Monthly HOA Fees

Parking

  • 1 Parking Space

Home Design

  • Frame Construction

Interior Spaces

  • 1,130 Sq Ft Home
  • 1-Story Property
  • Elevator
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Open Floorplan

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Hall
  • Laundry on main level
  • Dryer
  • Washer

Location

  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Borlaug Elementary School
  • Northwest Middle School
  • West High School

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Internet Available
  • Cable TV Available

Additional Features

  • Stepless Entry
  • Patio
  • Property is zoned Mixed Use

Listing and Financial Details

  • Assessor Parcel Number 1017120014

Community Details

Overview

  • Association fees include bldg&liability insurance, exterior maintenance, garbage pickup, grounds maintenance, mgmt fee, reserve fund, sewer, water
  • Built by McComas-Lacina Const.
  • One University Place Subdivision
  • The community has rules related to allowing live work

Recreation

  • Fitness Center

Building Details

  • Security

Home Details

Home Type

Single Family

Year Built

Built in 2016

Lot Details

0

HOA Fees

$258 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1130
  • Homebuilder: McComas-Lacina Const.
  • Owner Name L F Mi: Leemer LLC
  • Ownership Type: Condo Attached
  • Photo Code: Complete
  • Remarks: Schedule all showings through ShowingTime app or website. Property is currently tenant occupied - please allow 24 hour notice per tenants rights. Unit is leased through 7/28/22. Preferred closing date is 8/1/22. Buyer is purchasing the Property subject to a Petition, Contract and Waiver for a special assessment made by the City of University Heights for street and infrastructure improvements. Buyer shall acquire the property subject to any and all unpaid installments of such special assessment, which Buyer agrees to assume and pay before delinquency. HOA dues are based on the current HOA budget and are subject to change. All information is believed to be accurate, but not guaranteed. Buyer to verify all information, including school districts with the Iowa City Community School District.
  • Year Built: 2016
  • Zero Step Entry: Yes
  • Subdivision: One University Place
  • Directions: Melrose Avenue to One University Place main entrance. Building is the five-story (North) building.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Neighborhood Assoc., Pet Policy, Physical Fitness, Security, Sidewalks, Street Lights, Close to Shopping, Close to School, Other, Live/Work, On Bus Line
  • Basement Remarks: 2660
  • Fireplace Type Location: None
  • Interior R: Cable Available, Other
  • Kitchen Breakfast R: Breakfast Bar, Kit/Dining Rm Comb
  • Lot Description R: None/Condo
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 3+ Story
  • Remarks2: Don't miss this gorgeous 2-bed 2-bath main floor unit outlooking wooded views with a large outdoor patio! Kitchen features quartz counter-tops, backsplash, large breakfast bar, luxury vinyl plank flooring. Primary suite features spacious walk-in closet, tiled floor and shower, double vanity sink. Guest bath features tiled floor/walk-in shower. Custom finishes throughout. Walking distance to UIHC, UI athletics, Health and Law Colleges. Two building elevators. Purchase includes one underground temperature controlled parking space with secure storage in front of the parking space. Call to schedule a private showing today!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Icemaker Line, Microwave, Range/Oven, Refrigerator, Dryer, Washer
  • Elevators: Yes
  • Number Bedrooms Main: 2
  • Sq Ft Above: 1130
  • Total Full Baths: 2
  • Bedrooms: 2
  • Total Bathrooms: 2
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Laundry Location: Laundry Closet, Hall, Main
  • Mstr Br Level: Main
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Patio, Other

Garage/Parking

  • Parking Spaces: 1 Car

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Ceiling Fans, Electric, Forced Air, Heat Pump

Condo/Co-op/Association

  • Association Fee: 3096
  • Condo Level: 1
  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Garbage Pickup, Grounds Maintenance, Mgmt Fee, Reserve Fund, Sewer, Water, Other

Schools

  • High School: West
  • Jr Middle School: Northwest
  • Elementary School: Borlaug

Lot Info

  • Acreage: 0
  • Geo Subdivision: IA
  • Lot Dimensions: Condo
  • Zoning: Mixed Use

Tax Info

  • Assessor Parcel Number: 1017120014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Jul 22, 2022
Sold by
Leemer Llc
Bought by
Hansen Investments Llc
Seller's Agent
Tyler Riddle
Lepic-Kroeger, REALTORS
Buyer's Agent
Teresa Morrow
Blank & McCune Real Estate
List Price
$400,000
Sold Price
$395,000
Premium/Discount to List
-$5,000
-1.25%
Current Estimated Value
$433,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,200
Avg. Annual Appreciation
2.78%
Original Mortgage
$316,000
Outstanding Balance
$125,539
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$307,661

Purchase Details

Closed on
Aug 31, 2018
Sold by
One University Place Llc
Bought by
Leemer Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Hansen Investments Llc $395,000 None Listed On Document
Leemer Llc $400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hansen Investments Llc $316,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2022 07/26/22 Sold $395,000 -1.3% $350 / Sq Ft
04/01/2022 04/01/22 For Sale $400,000 -- $354 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,450 $410,100 $100,000 $310,100
2024 $7,132 $388,400 $100,000 $288,400
2023 $7,596 $388,400 $100,000 $288,400
2022 $6,738 $361,700 $100,000 $261,700
2021 $8,048 $361,700 $100,000 $261,700
2020 $571 $386,100 $100,000 $286,100
2019 $6,123 $386,100 $100,000 $286,100
2018 $587 $288,300 $0 $0
2017 $4,256 $225,600 $100,000 $125,600
Source: Public Records

Agents Affiliated with this Home

  • Tyler Riddle

    Seller's Agent in 2022

    Tyler Riddle

    Lepic-Kroeger, REALTORS

    (319) 855-8332

    198 Total Sales

    Tyler Riddle
    Section Image
  • Erik Melloy

    Seller Co-Listing Agent in 2022

    Erik Melloy

    Lepic-Kroeger, REALTORS

    (319) 333-9182

    61 Total Sales

    Erik Melloy
    Section Image
  • Teresa Morrow

    Buyer's Agent in 2022

    Teresa Morrow

    Blank & McCune Real Estate

    (319) 530-6235

    101 Total Sales

    Teresa Morrow
    Section Image
See All Agents

Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202201878

Iowa City Area Association of REALTORS®

APN: 1017120014

Iowa Johnson County Iowa City 52246

1 University Way Unit 114, Iowa City, IA

Not Listed for Sale

Detached

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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