NOT LISTED FOR SALE

1 University Way Unit 316 Iowa City, IA 52246

Estimated Value: $429,000 - $443,000

2 Beds
2 Baths
1,108 Sq Ft
$395/Sq Ft Est. Value

Last Sold March 21, 2022

Last sale price $400,000 $361 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,165/month

64 Days on Market

Highlights

  • Fitness Center
  • Main Floor Primary Bedroom
  • Balcony
  • Norman Borlaug Elementary School Rated A-
  • Breakfast Area or Nook
  • Solar owned by a third party

About This Home

As of March 2022

Third floor corner unit with view of prairie and woods. Open living space with private balcony. 2 bedrooms, 2 full baths. Upgraded KitchenAid appliances, quartz countertops, luxury vinyl plank floors. Both full bathes are tiled with Kohler fixtures throughout. This unit is sold with two parking spaces and two storage units. Amenities at One University Place include concierge, heated garage, 2 elevators and private gym. An easy and convenient walk to UIHC, Kinnick Stadium, health and law colleges. Photographs of a similar unit.

Last Agent to Sell the Property

Teresa Morrow

Blank & McCune Real Estate Listed on: 01/10/2022

Last Buyer's Agent

Jill Armstrong

Skogman Realty Co.

Skogman Realty Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,326

Year Built

  • Built in 2016

Lot Details

  • 2.29

HOA Fees

  • $229 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 1,108 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Open Floorplan

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Solar owned by a third party

Schools

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

Utilities

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

Additional Features

  • Stepless Entry
  • Balcony
  • Property is zoned Mixed Use

Listing and Financial Details

  • Assessor Parcel Number 1017120048

Community Details

Overview

  • Association fees include bldg&liability insurance, exterior maintenance, garbage pickup, grounds maintenance, mgmt fee, reserve fund, security, water
  • Built by McComas-Lacina Const.
  • One University Place Subdivision

Recreation

  • Fitness Center

Building Details

  • Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,326

Year Built

Built in 2016

Lot Details

0

HOA Fees

$229 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1108
  • Homebuilder: McComas-Lacina Const.
  • Owner Name L F Mi: Willoughby
  • Ownership Type: Condo Attached
  • Photo Code: Broker Loaded
  • Remarks: Unit is currently leased through August 1, 2022. Showings require 48 hour notice. Sale includes parking spaces 104 and 113 plus related storage spaces in garage P1. Buyer is purchasing the property subject to a Petition, Contract and Waiver for special assessment made by the City of University Heights for street and infrastructure improvements. Buyer shall be responsible for remaining unpaid installments of such assessment, which Buyer agrees to assume and pay before delinquency. Buyers are responsible for confirming school attendance with ICCSD.
  • Year Built: 2016
  • Zero Step Entry: Yes
  • Tax Year Report: 2020
  • Subdivision: One University Place
  • Directions: Melrose Ave. to One University Place, North Building.
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Neighborhood Assoc., Physical Fitness, Security, Sidewalks, Street Lights
  • Basement Remarks: 2660
  • Fireplace Type Location: None
  • Interior R: Cable Available, Other
  • Kitchen Breakfast R: Breakfast Area, Breakfast Bar, Island, Kit/Dining Rm Comb
  • Lot Description R: None/Condo
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: Condo/Single Level
  • Remarks2: Third floor corner unit with view of prairie and woods. Open living space with private balcony. 2 bedrooms, 2 full baths. Upgraded KitchenAid appliances, quartz countertops, luxury vinyl plank floors. Both full bathes are tiled with Kohler fixtures throughout. This unit is sold with two parking spaces and two storage units. Amenities at One University Place include concierge, heated garage, 2 elevators and private gym. An easy and convenient walk to UIHC, Kinnick Stadium, health and law colleges. Photographs of a similar unit.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Energy Efficient, Dishwasher, Icemaker Line, Microwave, Range/Oven, Refrigerator, Dryer, Washer
  • Elevators: Yes
  • Number Bedrooms Main: 2
  • Sq Ft Above: 1108
  • Total Full Baths: 2
  • Bedrooms: 2
  • Total Bathrooms: 2
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Laundry Location: Main, Laundry Closet
  • Mstr Br Level: Main
  • Mstr Br Width: 11
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Balcony

Garage/Parking

  • Parking Spaces: 2 Cars

Utilities

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

Condo/Co-op/Association

  • Association Fee: 2747.17
  • Condo Level: 3
  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Garbage Pickup, Grounds Maintenance, Mgmt Fee, Reserve Fund, Security, Water

Schools

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

Lot Info

  • Acreage: 0
  • Geo Subdivision: IA
  • Lot Dimensions: Third Floor Condominium
  • Zoning: Mixed Use

Green Features

  • Energy Generation: Solar 3rd Party Owned

Tax Info

  • Gross Tax County City: 7734
  • Assessor Parcel Number: 1017120048

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2018
Closed on
Mar 9, 2018
Sold by
One University Place Llc
Bought by
Willoughby Stephen Robert and Willoughby Laura Ellen
Seller's Agent
Alan Swanson
Blank & McCune Real Estate
Buyer's Agent
Jerome Howe
Skogman Realty Co.
List Price
$390,000
Sold Price
$410,000
Premium/Discount to List
$20,000
5.13%
Current Estimated Value
$438,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,100
Avg. Annual Appreciation
0.55%
Original Mortgage
$348,500
Outstanding Balance
$294,012
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$132,978
Source: Public Records

Range of Values:

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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
Willoughby Stephen Robert $410,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Willoughby Stephen Robert $348,500
Closed Willoughby Stephen Robert $41,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2022 03/21/22 Sold $400,000 -2.4% $361 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
02/15/2022 02/15/22 Price Changed $410,000 -4.7% $370 / Sq Ft
01/10/2022 01/10/22 For Sale $430,000 +4.9% $388 / Sq Ft
03/16/2018 03/16/18 Sold $410,000 +5.1% $370 / Sq Ft
03/03/2018 03/03/18 Pending -- -- --
01/04/2018 01/04/18 For Sale $390,000 -- $352 / 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
2024 $7,326 $400,400 $100,000 $300,400
2023 $8,488 $400,400 $100,000 $300,400
2022 $7,428 $407,700 $100,000 $307,700
2021 $8,119 $407,700 $100,000 $307,700
2020 $560 $398,900 $100,000 $298,900
2019 $5,918 $398,900 $100,000 $298,900
2018 $576 $286,700 $0 $0
2017 $4,228 $224,100 $100,000 $124,100
Source: Public Records

Agents Affiliated with this Home

  • Teresa Morrow

    Seller's Agent in 2022

    Teresa Morrow

    Blank & McCune Real Estate

    (319) 530-6235

    97 Total Sales

    Teresa Morrow
    Section Image
  • Jill Armstrong

    Buyer's Agent in 2022

    Jill Armstrong

    Skogman Realty Co.

    (319) 631-5455

    621 Total Sales

    Jill Armstrong
    Section Image
  • Alan Swanson

    Seller's Agent in 2018

    Alan Swanson

    Blank & McCune Real Estate

    (319) 321-3129

    76 Total Sales

    Alan Swanson
    Section Image
  • Tim Conroy

    Seller Co-Listing Agent in 2018

    Tim Conroy

    Blank & McCune Real Estate

    (319) 321-3679

    202 Total Sales

    Tim Conroy
    Section Image

  • J

    Buyer's Agent in 2018

    Jerome Howe

    Skogman Realty Co.

    (319) 330-0154

    68 Total Sales

    Jerome Howe
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202200186

Iowa City Area Association of REALTORS®

APN: 1017120048

Iowa Johnson County Iowa City 52246

1 University Way Unit 316, Iowa City, IA

This home is located at 1 University Way Unit 316, Iowa City, IA 52246 since 10 January 2022 and is currently estimated at $438,100, approximately $395 per square foot. This property was built in 2016. 1 University Way Unit 316 is a home located in Johnson County with nearby schools including Norman Borlaug Elementary School, Northwest Junior High School, and West 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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