$545,000
$20K PRICE DROP

1010 Martin St Iowa City, IA 52245

Peninsula Area Neighborhood

Estimated payment $4,590/month

Total Views 18,880
2 Beds
6 Baths
1,119 Sq Ft
$487 Price per Sq Ft

Highlights

  • Main Floor Primary Bedroom
  • The community has rules related to allowing live work
  • Brick or Stone Mason
  • City High School Rated A-
  • Balcony
  • Living Room

About This Home

Introducing an exceptional opportunity in the vibrant Peninsula Neighborhood. This unique live/work property, located just east of Emma Harvat Square, offers an 800-square-foot retail/office space on the street level with a 2-bedroom, 2-bath, 1,325-square-foot flat above. Enjoy the flexibility of a 675-square-foot mezzanine space, which can be combined with either the residential or commercial area, all with separate entrances and convenient direct access between the spaces. Additionally, the Ramen Belly bar/restaurant space is fully built-out and equipped with kitchen and bar essentials, furnishings, and an equipment. The bar features a cozy pub feel with a two-story ceiling, balcony seating for entertainment, and ample outdoor seating perfect for cool evenings and social gatherings. An ideal setup for those seeking a ready-made business in a thriving neighborhood!

Listing Agent

Adam Pretorius

Lepic-Kroeger, REALTORS Listed on: 11/16/2024

Lepic-Kroeger, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,442

Year Built

  • Built in 2014

Lot Details

  • Sprinkler System
  • Property is zoned osa

HOA Fees

  • $566 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Home Design

  • Brick or Stone Mason
  • Slab Foundation

Interior Spaces

  • 1,119 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Dining Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Location

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

Schools

  • Lincoln Elementary School
  • Southeast Middle School

Utilities

  • Heating System Uses Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1004327061

Community Details

Overview

  • Association fees include bldg&liability insurance, exterior maintenance, garbage pickup, grounds maintenance, mgmt fee, street maintenance
  • Built by Peninsula Dev. Co. LLC
  • Peninsula Subdivision
  • The community has rules related to allowing live work

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,442

Year Built

Built in 2014

Lot Details

0

HOA Fees

$566 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1119
  • Homebuilder: Peninsula Dev. Co. LLC
  • Owner Name L F Mi: Belly Time LLC
  • Ownership Type: Condo Attached
  • Photo Code: Complete
  • Remarks: Floor plans attached. Unit has OSA and liquor license. Attached courtyard with direct access from commercial space. One car over-sized garage with additional off-street parking. Contact Listing Agent for further details or visit www.peninsulaiowacity.com. Fermob patio furniture is reserved and not included in the sale. Furnishings in the residence are owned by the tenant. Lease is $1,400/month through August 2025. HOA is $536.00/building + 30.00/master, per month.
  • Year Built: 2014
  • Tax Year Report: 2023
  • Subdivision: Peninsula
  • Directions: Dubuque to Foster Road to Peninsula Neighborhood. Located on central park, Emma Harvat Square.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • Amenities: Neighborhood Assoc., Park, Street Lights, Close to Shopping, Live/Work, On Bus Line
  • Basement Remarks: Slab
  • Fireplace Type Location: None
  • Interior R: Other
  • Kitchen Breakfast R: Island
  • Lot Description R: Other
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: Multilevel, 3+ Story, Condo/Single Level
  • Remarks2: Introducing an exceptional opportunity in the vibrant Peninsula Neighborhood. This unique live/work property, located just east of Emma Harvat Square, offers an 800-square-foot retail/office space on the street level with a 2-bedroom, 2-bath, 1,325-square-foot flat above. Enjoy the flexibility of a 675-square-foot mezzanine space, which can be combined with either the residential or commercial area, all with separate entrances and convenient direct access between the spaces. Additionally, the Ramen Belly bar/restaurant space is fully built-out and equipped with kitchen and bar essentials, furnishings, and an equipment. The bar features a cozy pub feel with a two-story ceiling, balcony seating for entertainment, and ample outdoor seating perfect for cool evenings and social gatherings. An ideal setup for those seeking a ready-made business in a thriving neighborhood!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, Dryer, Washer
  • Number Bedrooms Upper: 2
  • Sq Ft Above: 1119
  • Total Full Baths: 2
  • Total Half Baths: 4
  • Number of Main Level Half Bathrooms: 2
  • Bedrooms: 2
  • Total Bathrooms: 6
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Laundry Location: Upstairs
  • Mstr Br Level: Main

Exterior Features

  • Construction: Brick
  • ExteriorFeatures: Balcony, Sprinkler System

Garage/Parking

  • Parking Spaces: 2 Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Gas

Condo/Co-op/Association

  • Association Fee: 6792.00
  • Condo Level: 3
  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Garbage Pickup, Grounds Maintenance, Mgmt Fee, Street Maintenance

Schools

  • Elementary School: Lincoln
  • Middle School: Southeast
  • High School: City
  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Lincoln

Lot Info

  • Acreage: 0
  • Geo Subdivision: IA
  • Zoning: osa

Tax Info

  • Gross Tax County City: 13442
  • Assessor Parcel Number: 1004327061

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $13,442 $567,300 $59,660 $507,640
2023 $12,750 $567,300 $59,660 $507,640
2022 $12,298 $507,830 $59,660 $448,170
2021 $12,950 $507,830 $59,660 $448,170
2020 $12,950 $523,110 $59,660 $463,450
2019 $12,442 $309,923 $59,660 $250,263
2018 $12,442 $291,018 $59,660 $231,358
2017 $12,920 $291,018 $59,660 $231,358
2016 $7,626 $290,515 $59,660 $230,855
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 Price Changed $545,000 -3.5% $487 / Sq Ft
11/16/2024 11/16/24 For Sale $565,000 -- $505 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $485,000 None Available
Warranty Deed $488,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $485,000 Purchase Money Mortgage
Previous Owner $340,000 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Iowa City Area Association of REALTORS®

MLS Number: 202406406

Iowa City Area Association of REALTORS®

APN: 1004327061

Iowa Johnson County Iowa City 52245 Peninsula Area

1010 Martin St, Iowa City, IA

This home is located at 1010 Martin St, Iowa City, IA 52245 and is currently priced at $545,000, approximately $487 per square foot. This property was built in 2014. 1010 Martin St is a home located in Johnson County with nearby schools including Horace Mann Elementary School, Southeast Junior High School, and City 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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Adam Pretorius
Listing Agent
Adam Pretorius
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Lepic-Kroeger, REALTORS
(319) 255-2060