$410,000
SOLD MAR 16, 2018

1 University Way Unit 316 Iowa City, IA 52246

2 Beds
2 Baths
1,108 Sq Ft
2.29 Acres

Recently Sold

$370 Per Sq Ft

5% Above List Price

58 Days on Market

Highlights

  • Newly Remodeled
  • Main Floor Primary Bedroom
  • Breakfast Bar
  • Norman Borlaug Elementary School Rated A-
  • Balcony
  • Living Room

About This Home

As of March 2022

Corner unit. 2-bedroom 2-bath third-floor condo in the five-story north building of One University Place. Wooded views. Condo features a private balcony, luxury vinyl plank flooring, quartz countertops, tiled bathrooms, and tiled showers. Designer finishes throughout Walking distance to UIHC, UI athletics, health and law colleges. Building planned to have concierge services. Two building elevators. Purchase includes one parking spot in the underground garage.

Last Agent to Sell the Property

Alan Swanson

Blank & McCune Real Estate Listed on: 01/04/2018

Co-Listed By

Tim Conroy

Blank & McCune Real Estate

Last Buyer's Agent

Jerome Howe

Skogman Realty Co.

Skogman Realty Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,326

Year Built

  • Built in 2016 | Newly Remodeled

HOA Fees

  • $253 Monthly HOA Fees

Parking

  • 1 Parking Space

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

Bedrooms and Bathrooms

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

Laundry

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

Location

  • Property is near schools
  • Property is near shops

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

  • 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, mgmt fee, reserve fund, sewer, water
  • Built by McComas-Lacina Const.
  • One University Place Subdivision

Building Details

  • Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,326

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$253 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1108
  • Homebuilder: McComas-Lacina Const.
  • Owner Name L F Mi: One University Place LLC
  • Ownership Type: Condo Attached
  • Photo Code: Complete
  • Remarks: 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. Real estate commission paid on the net value or original list price, which ever is lower (list price minus concessions or without upgrades). HOA dues are based on the preliminary HOA budget and are subject to change.
  • Year Built: 2016
  • Tax Year Report: 2016
  • Subdivision: One University Place
  • Directions: Melrose Avenue to One University Place main entrance. Building is the five-story (North) building.
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • L O3 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Neighborhood Assoc., Pet Policy, Security, Sidewalks, Street Lights, Close to Shopping, Close to School, Other
  • 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: Corner unit. 2-bedroom 2-bath third-floor condo in the five-story north building of One University Place. Wooded views. Condo features a private balcony, luxury vinyl plank flooring, quartz countertops, tiled bathrooms, and tiled showers. Designer finishes throughout Walking distance to UIHC, UI athletics, health and law colleges. Building planned to have concierge services. Two building elevators. Purchase includes one parking spot in the underground garage.
  • 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: 1108
  • 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
  • New Construction: Yes
  • ExteriorFeatures: Balcony

Garage/Parking

  • Parking Spaces: 1 Car

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: 3036
  • Condo Level: 3
  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Garbage Pickup, Mgmt Fee, Reserve Fund, Sewer, Water, Other

Schools

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

Lot Info

  • Acreage: 0
  • Lot Dimensions: Condo
  • Zoning: Mixed Use

Tax Info

  • 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
$417,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,696
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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $410,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $348,500 Adjustable Rate Mortgage/ARM
Closed $41,000 Stand Alone Second
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

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20180213

Iowa City Area Association of REALTORS®

APN: 1017120048