NOT LISTED FOR SALE

1500 Northgate Dr Unit 7 Ely, IA 52227

Estimated Value: $122,000 - $189,000

2 Beds
1 Bath
809 Sq Ft
$188/Sq Ft Est. Value

About This Home

2 bedroom 1 bath condo for rent at $840 per month with a 12 month lease. Move-in special: private garage free for duration of lease. 2 bedroom, 1 bath condo well maintained, A/C, dishwasher, garbage disposal, ceiling fans in living room and primary bedroom, window treatments included, additional cabinet in bathroom, tub/shower, garage and numbered parking space, heat, water, and trash paid, approximately 809 square feet, interior condo entrances, landscaped property well maintained by private management. No lawns to mow, snow to shovel, or maintenance for you.

Located in Ely, Iowa close to bike / jogging trail as well as park with ball diamond and public golf course. Professional peaceful atmosphere. Quick access to 380 between Cedar Rapids and Iowa City. Very close to North Liberty, University of Iowa, and Mount Mercy. Four minutes from College Community school.

Sorry, this property does not accept pets.

Smoke free condos and buildings.

ADDRESS:
1500 Northgate Drive, Condo #7
Ely, Iowa 52227

- Security deposit is equal to one month's rent.

- Electric is a resident utility, with an average of $45 per month.
- Cable / high speed internet being the only other resident utility, with choices of South Slope, Dish Network, and Direct TV through Big Dog Satellite.

- Oversized coin operated washer and dryer in building. The Apartments web page is broken and reflects a washer/dryer in the unit. This is wrong.

- Condo is available for immediate move-in.

The approval process includes:
$40 application fee per adult to cover a criminal background check as well as and credit check.
Gross income of three times the monthly rent amount.
Provide two most recent pay stubs or documentation for other income sources.
Copy of driver's license.
Any application will be denied if there is a balance due to previous management or reflects an eviction.

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2026 01/02/26 Off Market $840 -- --
11/26/2025 11/26/25 Price Changed $840 0.0% $1 / Sq Ft
11/26/2025 11/26/25 For Rent $840 -1.8% --
07/23/2025 07/23/25 Off Market $855 -- --
05/01/2025 05/01/25 For Rent $855 -- --

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 $1,048 $87,000 $6,500 $80,500
2024 $1,092 $63,800 $6,500 $57,300
2023 $1,092 $63,800 $6,500 $57,300
2022 $1,072 $56,500 $6,500 $50,000
2021 $1,050 $56,500 $6,500 $50,000
2020 $1,050 $52,500 $6,500 $46,000
2019 $976 $49,300 $6,500 $42,800
Source: Public Records

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