NOT LISTED FOR SALE

Estimated Value: $2,748,397

2 Beds
2 Baths
1,449 Sq Ft
$1,897/Sq Ft Est. Value

Last Sold March 21, 2018

Last sale price $325,000 $224 Per Sq Ft

Est. 746% increase in value since last sale

Current estimated payment $19,689/month

329 Days on Market

Highlights

  • Newly Remodeled
  • Main Floor Primary Bedroom
  • Balcony
  • City High School Rated A-
  • Den
  • 3-minute walk to Downtown Playground

About This Home

As of March 2018

Second floor two-bedroom two-bath plus den condo in One University Place's north building. Condos luxury plank and tile flooring, quartz counters, tiled showers, and modern interior-designer selected finishes. Secure building with elevator. Walking distance to UIHC, UI athletics, health and law colleges. Building planned to have concierge services. Building completion fall 2017. Purchase includes one underground parking space. Building design by Neumann Monson Architects. Pursuing LEED certification.

Last Agent to Sell the Property

Alan Swanson

Blank & McCune Real Estate Listed on: 04/05/2017

Co-Listed By

Tim Conroy

Blank & McCune Real Estate

Last Buyer's Agent

Alan Swanson

Blank & McCune Real Estate Listed on: 04/05/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $56,920

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 6,011

Parking

  • 1 Parking Space

Home Design

  • Frame Construction

Interior Spaces

  • 1,449 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Open Floorplan
  • Den

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Laundry in Hall
  • Laundry on main level
  • Dryer
  • Washer

Location

  • Property is near schools
  • Property is near shops

Schools

  • Borlaug Elementary School
  • Northwest Middle School
  • West High School

Utilities

  • Forced Air Heating System
  • Internet Available
  • Cable TV Available

Additional Features

  • Balcony
  • Property is zoned Mixed Use

Community Details

Overview

  • Association fees include bldg&liability insurance, exterior maintenance, garbage pickup, grounds maintenance, mgmt fee, sewer, water
  • Built by McComas-Lacina Constr.
  • One University Place Subdivision

Building Details

  • Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$56,920

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1449
  • Homebuilder: McComas-Lacina Constr.
  • Owner Name L F Mi: One University Place LLC
  • Ownership Type: Condo Attached
  • Photo Code: Complete
  • Remarks: Now writing purchase agreements: non-refundable fee will later apply as earnest payment. Buyer is purchasing the Property subject to a Petition, Contract and Waiver for a special assessment made by the City of University Heights for street and infrastructure improvements. Buyer shall acquire the property subject to any and all unpaid installments of such special assessment, which Buyer agrees to assume and pay before delinquency. Buyers should contact the Iowa City Community School District to confirm schools. Office Exclusive on all condominiums with 2.5% Buyer's Broker fee. Real estate commission paid on the net value or original list price, which ever is lower (list price minus concessions or without upgrades).
  • Year Built: 2016
  • Tax Year Report: 2015
  • Subdivision: One University Place
  • Directions: Corner of Melrose and Sunset.
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • L O3 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Neighborhood Assoc., Pet Policy, Security, Sidewalks, Street Lights, Close to Shopping, Close to School
  • Fireplace Type Location: None
  • Interior R: Cable Available, Ceiling-9+ ft, Other
  • Kitchen Breakfast R: Breakfast Bar, Kit/Dining Rm Comb
  • Lot Description R: None/Condo
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: Multilevel
  • Remarks2: Second floor two-bedroom two-bath plus den condo in One University Place's north building. Condos luxury plank and tile flooring, quartz counters, tiled showers, and modern interior-designer selected finishes. Secure building with elevator. Walking distance to UIHC, UI athletics, health and law colleges. Building planned to have concierge services. Building completion fall 2017. Purchase includes one underground parking space. Building design by Neumann Monson Architects. Pursuing LEED certification.
  • Special Features: None
  • Property Sub Type: Detached

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: Laundry Closet, Hall, Main
  • Mstr Br Level: Main
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Construction: Frame
  • New Construction: Yes
  • ExteriorFeatures: Balcony

Garage/Parking

  • Parking Spaces: 1 Car

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Ceiling Fans, Electric, Forced Air

Condo/Co-op/Association

  • Condo Level: 2
  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Garbage Pickup, Grounds Maintenance, Mgmt Fee, Sewer, Water

Schools

  • Elementary School: Borlaug
  • Middle School: Northwest
  • High School: West
  • High School: West
  • Jr Middle School: Northwest
  • Elementary School: Borlaug

Lot Info

  • Acreage: 0
  • Lot Dimensions: Condo
  • Zoning: Mixed Use

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2019
Sold by
Gamon Llc
Bought by
Lowa City Downtonw Properties Llc
Current Estimated Value
$2,748,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Outstanding Balance
$1,421,266
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$1,583,820

Purchase Details

Closed on
Dec 22, 2014
Sold by
Ambrose Gerry
Bought by
Gamon Llc
Source: Public Records

Range of Values:

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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
Lowa City Downtonw Properties Llc $2,000,000 None Available
Gamon Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lowa City Downtonw Properties Llc $1,600,000
Previous Owner Gamon Llc $1,340,000
Previous Owner Ambrose Gerald D $850,000
Previous Owner Q It Up Lc $321,304
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2018 03/21/18 Sold $325,000 0.0% $224 / Sq Ft
02/28/2018 02/28/18 Pending -- -- --
04/05/2017 04/05/17 For Sale $325,000 -- $224 / 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 $56,920 $1,540,440 $731,600 $808,840
2023 $47,252 $1,540,440 $731,600 $808,840
2022 $44,266 $1,304,230 $684,400 $619,830
2021 $44,162 $1,304,230 $684,400 $619,830
2020 $44,162 $1,304,230 $684,400 $619,830
2019 $37,734 $1,304,230 $684,400 $619,830
2018 $37,734 $1,125,230 $590,000 $535,230
2017 $31,784 $1,125,230 $590,000 $535,230
2016 $31,740 $967,570 $472,000 $495,570
2015 $31,740 $967,570 $472,000 $495,570
2014 $27,466 $817,780 $354,000 $463,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20172334

Iowa City Area Association of REALTORS®

APN: 1010312007