NOT LISTED FOR SALE

1 University Way Unit 411 Iowa City, IA 52246

Estimated Value: $492,995 - $512,000

2 Beds
2 Baths
1,449 Sq Ft
$347/Sq Ft Est. Value

Last Sold March 03, 2025

Last sale price $507,500 $350 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,754/month

Highlights

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

About This Home

As of March 2025

Fourth floor 2 bed, 2 bath, plus a study condo in the modern University Place! This lightly lived in condo features LVP flooring, quartz countertops, breakfast bar, and private balcony. Split bedroom design features the primary bedroom with walk-in closet that leads to private ensuite bath with tile floors, tile shower, and dual vanities. Second bedroom, hall bath with tile floors & tile shower, and laundry closet. The study offers a great bonus space for an office or storage! Includes 1 parking spot on P2 (space 5) with storage, access to the gym (located on main floor of the South building). All this in a great location - close to UIHC, UI Athetlics, and UI Campus buildings! O/E

Last Agent to Sell the Property

Mike Jensen

Lepic-Kroeger, REALTORS Listed on: 02/04/2025

Lepic-Kroeger, REALTORS

Last Buyer's Agent

Tyler Riddle

Lepic-Kroeger, REALTORS

Lepic-Kroeger, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,997

Year Built

  • Built in 2016

Lot Details

  • 2.29

HOA Fees

  • $299 Monthly HOA Fees

Parking

  • 1 Parking Space

Home Design

  • Frame Construction

Interior Spaces

  • 1,449 Sq Ft Home
  • 4-Story Property
  • Ceiling height of 9 feet or more
  • Living Room
  • Dining Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Balcony

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
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1017120059

Community Details

Overview

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

Recreation

  • Fitness Center

Building Details

  • Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,997

Year Built

Built in 2016

Lot Details

0

HOA Fees

$299 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1449
  • Homebuilder: McComas-Lacina Const.
  • Ownership Type: Condo Attached
  • Photo Code: Complete
  • Remarks: Private Listing/Office Exclusive. Seller would like to sell furniture with condo - on seperate bill of sale. Asking $20k. Sellers are Andrew D Limouris Revocable Trust and Maria A Limouris Revocable Trust. Please allow 24 hrs for all offers. Seller reserves the right to accept an offer at anytime.
  • Year Built: 2016
  • Tax Year Report: 2023
  • Subdivision: ONE UNIVERSITY PLACE
  • Directions: Melrose Ave to University Way
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Physical Fitness, Security, Sidewalks, Street Lights, Close to Shopping, Close to School
  • Basement Remarks: None
  • Fireplace Type Location: None
  • Interior R: Cable Available, Ceiling-9+ ft
  • Kitchen Breakfast R: Breakfast Bar
  • Lot Description R: None/Condo
  • Possession R: At Closing, Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 1 Story, Ranch
  • Remarks2: Fourth floor 2 bed, 2 bath, plus a study condo in the modern University Place! This lightly lived in condo features LVP flooring, quartz countertops, breakfast bar, and private balcony. Split bedroom design features the primary bedroom with walk-in closet that leads to private ensuite bath with tile floors, tile shower, and dual vanities. Second bedroom, hall bath with tile floors & tile shower, and laundry closet. The study offers a great bonus space for an office or storage! Includes 1 parking spot on P2 (space 5) with storage, access to the gym (located on main floor of the South building). All this in a great location - close to UIHC, UI Athetlics, and UI Campus buildings! O/E
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, Dryer, Washer
  • Number Bedrooms Main: 2
  • Sq Ft Above: 1449
  • 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
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Balcony

Garage/Parking

  • Parking Spaces: 1 Car

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Central, Forced Air

Condo/Co-op/Association

  • Association Fee: 3592
  • Condo Level: 4
  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Facilities Fee, Garbage Pickup, Mgmt Fee, Reserve Fund, Street Maintenance, 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
  • Geo Subdivision: IA
  • Zoning: Res

Tax Info

  • Gross Tax County City: 7339.91
  • Assessor Parcel Number: 1017120059

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2025
Closed on
Feb 24, 2025
Sold by
Andrew D Limouris Revocable Trust and Maria A Limouris Revocable Trust
Bought by
Cilek Thomas J and Cilek Mary M
Seller's Agent
Mike Jensen
Lepic-Kroeger, REALTORS
Buyer's Agent
Tyler Riddle
Lepic-Kroeger, REALTORS
List Price
$485,000
Sold Price
$507,500
Premium/Discount to List
$22,500
4.64%
Current Estimated Value
$502,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,001
Avg. Annual Appreciation
-3.05%

Purchase Details

Listed on
Feb 4, 2025
Closed on
Feb 20, 2025
Sold by
One University Place Llc
Bought by
Cilek Thomas J and Cilek Mary M
Seller's Agent
Mike Jensen
Lepic-Kroeger, REALTORS
Buyer's Agent
Tyler Riddle
Lepic-Kroeger, REALTORS
List Price
$485,000
Sold Price
$507,500
Premium/Discount to List
$22,500
4.64%

Purchase Details

Closed on
Feb 25, 2022
Sold by
One University Place Llc
Bought by
Andrew D Limouris Revocable Trust and Maria A Limouris Revocable Trust
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 Buyer Sale Price Title Company
Cilek Thomas J $507,500 None Listed On Document
Cilek Thomas J $20,000 None Listed On Document
Cilek Thomas J $20,000 None Listed On Document
Andrew D Limouris Revocable Trust $410,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2025 03/03/25 Sold $507,500 +4.6% $350 / Sq Ft
02/04/2025 02/04/25 Pending -- -- --
02/04/2025 02/04/25 For Sale $485,000 -- $335 / 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 $7,997 $430,700 $100,000 $330,700
2023 $8,561 $430,700 $100,000 $330,700
2022 $7,516 $403,500 $100,000 $303,500
2021 $10,913 $403,500 $100,000 $303,500
2020 $732 $525,700 $100,000 $425,700
2019 $6,857 $525,700 $100,000 $425,700
2018 $754 $318,000 $0 $0
2017 $4,622 $245,000 $100,000 $145,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202500893

Iowa City Area Association of REALTORS®

APN: 1017120059