Seller's Agent in 2025
Patricia O'Connell
Realty87
(319) 775-7062
31 Total Sales
140 Falcon Dr Montezuma, IA 50171
3
Beds
3.5
Baths
2,508
Sq Ft
2.27
Acres
Highlights
- Waterfront
- Wooded Lot
- 2 Car Detached Garage
- Recreation Room
- Vaulted Ceiling
- Cul-De-Sac
About This Home
As of September 2025Custom Douglas Fir Log Home on 2.27 Acres at Lake Silverado – Montezuma, Iowa
Experience lakeside living at its finest in this stunning custom-built Douglas Fir log home by Precision Craft, nestled on a scenic 2.27-acre lot at Lake Silverado. This 3-bedroom, 3-bathroom home offers 2,508 square feet of thoughtfully designed living space with an open floor plan and breathtaking views of the lake.
The great room features soaring cathedral ceilings, floor to ceiling stone fireplace and expansive windows that frame the partially wooded landscape, where deer, turkeys, and songbirds are frequent visitors. The gourmet kitchen showcases knotty Alderwood cabinetry, granite countertops, and tile and wood flooring that carries throughout the home. Designed with accessibility in mind, the home offers zero-step entry and wide doorways throughout.
The finished walkout lower level opens to a private patio, perfect for entertaining or relaxing in nature. Additional features include a whole-house Kohler generator, shore erosion control, drain tile on the open lot, and a dock with ladder and brackets for paddleboards. Enjoy your own garden with red raspberries, rhubarb, asparagus, onions, and beautifully established native grasses and wildflowers.
The property includes a covered two-car carport with footings in place for a future garage, and a 1,025 sq ft detached two-plus car garage with a fully equipped separate apartment. Ideal for a mother-in-law suite or income-generating rental, the apartment includes 1 bedroom, 1 full bath, laundry, full kitchen with custom cabinetry and appliances, an electric on-demand water heater, and a private walk-out covered porch.
A rare blend of craftsmanship, privacy, and versatility—this one-of-a-kind lake property is ready to welcome you home.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,714
Year Built
- Built in 2015
Lot Details
- 2.27 Acre Lot
- Waterfront
- Cul-De-Sac
- Fenced
- Wooded Lot
HOA Fees
- $113 Monthly HOA Fees
Parking
- 2 Car Detached Garage
- Carport
- Garage Door Opener
- Guest Parking
Home Design
- Poured Concrete
- Frame Construction
- Log Siding
- Stone
Interior Spaces
- 1-Story Property
- Vaulted Ceiling
- Wood Burning Fireplace
- Family Room with Fireplace
- Combination Kitchen and Dining Room
- Recreation Room
- Partial Basement
- Home Security System
Kitchen
- Breakfast Bar
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Patio
Schools
- Montezuma Elementary And Middle School
- Montezuma High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Gas Water Heater
- Water Softener is Owned
Community Details
- Built by Precision Craft
Listing and Financial Details
- Assessor Parcel Number 3520300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 3, 2025
Closed on
Sep 23, 2025
Sold by
Donna J Staples Revocable Trust and Staples Donna J
Bought by
Gassman Lisa R and Vajgrt David J
Seller's Agent
Patricia O'Connell
Realty87
Buyer's Agent
Patricia O'Connell
Realty87
List Price
$900,000
Sold Price
$900,000
Views
17
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-16.71%
Original Mortgage
$500,000
Outstanding Balance
$500,000
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$377,260
Purchase Details
Closed on
Oct 4, 2012
Sold by
Silverado Llp
Bought by
The Donna J Staples Revocable Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $900,000 | None Listed On Document | |
| Warranty Deed | $32,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2025 09/30/25 | Sold | $900,000 | 0.0% | $359 / Sq Ft |
| 07/19/2025 07/19/25 | Pending | -- | -- | -- |
| 07/03/2025 07/03/25 | For Sale | $900,000 | -- | $359 / Sq Ft |
Source: Cedar Rapids Area Association of REALTORS®
Tax History Compared to Growth
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 | $6,470 | $711,820 | $125,870 | $585,950 |
| 2024 | $6,714 | $666,070 | $111,880 | $554,190 |
| 2023 | $6,948 | $666,070 | $111,880 | $554,190 |
| 2022 | $7,006 | $577,700 | $93,400 | $484,300 |
| 2021 | $7,006 | $545,000 | $88,110 | $456,890 |
| 2020 | $6,364 | $490,110 | $88,110 | $402,000 |
| 2019 | $6,092 | $490,110 | $88,110 | $402,000 |
| 2018 | $6,016 | $454,710 | $88,110 | $366,600 |
| 2017 | $5,320 | $454,710 | $88,110 | $366,600 |
| 2016 | $2,320 | $402,190 | $72,470 | $329,720 |
| 2015 | -- | $177,830 | $72,470 | $105,360 |
| 2014 | -- | $132,030 | $72,470 | $59,560 |
Source: Public Records
Agents Affiliated with this Home
-
Patricia O'Connell
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2505847
APN: 630-3520300
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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Nearby Homes
- 120 Falcon Dr
- 101 Canyon Rd
- 169 Woodland Rd Unit 21 Lot 11
- 109 Cedar Rd
- 134 Horseshoe Dr
- 171 Valley Rd
- 226 & 228 Center Point Dr
- 104 Ivy Dr
- TBD Ivy Dr
- 148 Valley Rd
- 276 Center Point Dr
- 144 Center Point Dr
- 312 Center Point Dr
- 106 110 Orchard Rd
- 4854 103rd St
- 146 Scenic Dr
- 251 Whippoorwill Rd
- 161 Hillcrest Ridge
- 147 Hillcrest Ridge
- 103 S Shore Dr