NOT LISTED FOR SALE

1 University Way Unit 506 Iowa City, IA 52246

Estimated Value: $454,000 - $554,000

2 Beds
2 Baths
1,439 Sq Ft
$362/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $450,000 $313 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,737/month

74 Days on Market

Highlights

  • Fitness Center
  • Contemporary Architecture
  • Breakfast Area or Nook
  • Norman Borlaug Elementary School Rated A-
  • Main Floor Primary Bedroom
  • Balcony

About This Home

As of July 2021

Top-floor contemporary condo with panoramic views of UI golf course, surrounding hills, 3 blocks from UIHC, features private balcony, open living area, 2 bedrooms + study, 2 full baths. Spacious primary suite with walk-through closet, and spacious luxury shower. Original model unit; luxury plank floors, Kohler fixtures throughout, KitchenAid appliances, quartz counters, 2 parking spaces, 2 storage units, heated garage, elevators, concierge, snow removal, private gym. Competitively priced due to relocation.

Last Agent to Sell the Property

Tim Conroy

Blank & McCune Real Estate Listed on: 05/06/2021

Last Buyer's Agent

Lynn Weinstein

Blank & McCune Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2016

Lot Details

  • 2.29

HOA Fees

  • $266 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick or Stone Mason
  • Frame Construction
  • Tile

Interior Spaces

  • 1,439 Sq Ft Home
  • Elevator
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Dining Room
  • Open Floorplan
  • Library
  • Fire and Smoke Detector

Kitchen

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

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Parking Available
  • Garage Door Opener
  • Drive Under Main Level

Utilities

  • Forced Air Heating and Cooling System
  • Air Source Heat Pump
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Additional Features

  • Stepless Entry
  • Green Certified Home
  • Balcony
  • Property is zoned CM, Multiple Family Commercial
  • Property is near shops

Listing and Financial Details

  • Assessor Parcel Number 1017120070

Community Details

Overview

  • Association fees include bldg&liability insurance, exterior maintenance, garbage pickup, grounds maintenance, mgmt fee, reserve fund, street maintenance, water
  • Built by McComas Lacina
  • 5-Story Property

Recreation

  • Fitness Center

Home Details

Home Type

Single Family

Year Built

Built in 2016

Lot Details

0

HOA Fees

$266 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1439
  • Homebuilder: McComas Lacina
  • Owner Name L F Mi: Charles River Holdings LLC
  • Ownership Type: Condo Attached
  • Photo Code: Complete
  • Photo Code1: Broker Loaded
  • Possible Finance: Cash, Conventional
  • Remarks: Sale includes parking spaces 18 and 19 on parking level P2. Private HOA gym is located in the South building on the ground floor. Seller reserves the right to procure a buyer and sell the property. Finished square footage and bedroom count are based on the Johnson County Assessor's entry. Buyers are responsible for confirming finished square footage and bedroom count if concerned. Listed schools are based on the 2019-2020 ICCSD attendance areas. Buyer are responsible for confirming school attendance with ICCSD.
  • Stories Style: Contemporary
  • Year Built: 2016
  • Zero Step Entry: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment: Dishwasher, Disposal, Icemaker Line, Microwave, Range/Oven, Refrigerator, Alarm-Smoke/Fire, Dryer, Washer
  • Elevators: Yes
  • Interior: Cable TV Connections, Tile
  • Number Bedrooms Main: 2
  • Sq Ft Above: 1439
  • Total Full Baths: 2
  • Laundry Type: Laundry Closet
  • Bedrooms: 2
  • Total Bathrooms: 2
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Kitchen / Breakfast: Breakfast Area, Breakfast Bar, Island, Kit/Dining Rm Comb
  • Laundry Location: Main
  • Mstr Br Level: Main
  • Mstr Br Width: 11
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Construction: Aluminum, Brick Partial, Frame
  • Exterior: Balcony

Garage/Parking

  • Parking: Space, Remote Opener, Drive Under, Garage, 2 Cars

Utilities

  • Cooling: Electric, Ceiling Fan, Central, Heat Pump
  • Heating: Electric, Forced Air, Heat Pump(s)
  • Internet: Yes
  • Water Sewer: City Sewer, City Water

Condo/Co-op/Association

  • Amenities: Neighborhood Assoc., Physical Fitness, Sidewalks, Street Lights, Close to Shopping
  • Association Fee: 3192
  • Condo Level: 5
  • Fee Includes: Bldg&Liability Insurance, Exterior Maintenance, Garbage Pickup, Grounds Maintenance, Mgmt Fee, Reserve Fund, Street Maintenance, Water

Lot Info

  • Acreage: 0
  • Geo Subdivision: IA
  • Lot Description: None/Condo
  • Lot Dimensions: Condo
  • Zoning: CM, Multiple Family Commercial

Green Features

  • Energy Related: Certified Energy Eff, Clock Thermostat, Double Pane, Water Heater-Electric

Tax Info

  • Assessor Parcel Number: 1017120070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Jul 10, 2021
Sold by
Charles River Holdings Llc
Bought by
Linda Fay Dykstra Revocable Trust and Edwaard Allen Dykstra Revocable Trust
Seller's Agent
Tim Conroy
Blank & McCune Real Estate
Buyer's Agent
Lynn Weinstein
Blank & McCune Real Estate
List Price
$480,000
Sold Price
$450,000
Premium/Discount to List
-$30,000
-6.25%
Current Estimated Value
$520,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,319
Avg. Annual Appreciation
3.34%

Purchase Details

Closed on
May 15, 2020
Sold by
Chorvat Terrence R and Chorvat Elizabeth A
Bought by
Charles River Holdings Llc

Purchase Details

Listed on
Jan 4, 2018
Closed on
Jul 2, 2018
Sold by
One University Place Llc
Bought by
Chorvat Terrence R and Chorvat Elizabeth A
Seller's Agent
Alan Swanson
Blank & McCune Real Estate
Buyer's Agent
George Matheson
Coldwell Banker Real Estate Professionals
List Price
$605,000
Sold Price
$605,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.00%
Original Mortgage
$405,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Linda Fay Dykstra Revocable Trust $450,000 None Available
Charles River Holdings Llc -- None Available
Chorvat Terrence R $605,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chorvat Terrence R $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2021 07/19/21 Sold $450,000 0.0% $313 / Sq Ft
06/24/2021 06/24/21 Price Changed $450,000 -6.3% $313 / Sq Ft
05/06/2021 05/06/21 For Sale $480,000 -20.7% $334 / Sq Ft
07/02/2018 07/02/18 Sold $605,000 0.0% $420 / Sq Ft View Prior Sale
07/02/2018 07/02/18 Pending -- -- --
01/04/2018 01/04/18 For Sale $605,000 -- $420 / 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 $8,812 $555,600 $100,000 $455,600
2024 $9,696 $530,700 $100,000 $430,700
2023 $11,396 $530,700 $100,000 $430,700
2022 $10,870 $548,500 $100,000 $448,500
2021 $12,494 $548,500 $100,000 $448,500
2020 $652 $610,700 $100,000 $510,700
2019 $6,766 $610,700 $100,000 $510,700
2018 $748 $318,000 $0 $0
2017 $683 $245,000 $100,000 $145,000
Source: Public Records

Agents Affiliated with this Home

  • Tim Conroy

    Seller's Agent in 2021

    Tim Conroy

    Blank & McCune Real Estate

    (319) 321-3679

    201 Total Sales

    Tim Conroy
    Section Image
  • Lynn Weinstein

    Buyer's Agent in 2021

    Lynn Weinstein

    Blank & McCune Real Estate

    (319) 400-0355

    227 Total Sales

    Lynn Weinstein
    Section Image
  • Alan Swanson

    Seller's Agent in 2018

    Alan Swanson

    Blank & McCune Real Estate

    (319) 321-3129

    71 Total Sales

    Alan Swanson
    Section Image

  • G

    Buyer's Agent in 2018

    George Matheson

    Coldwell Banker Real Estate Professionals

See All Agents

Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202102796

Iowa City Area Association of REALTORS®

APN: 1017120070

Iowa Johnson County Iowa City 52246

1 University Way Unit 506, Iowa City, IA

Not Listed for Sale

Detached

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