$340,000
SOLD MAY 14, 2025

3131 Balfour Place Iowa City, IA 52240

Eastside Neighborhood
4 Beds
3.5 Baths
2,752 Sq Ft
0.26 Acres

Recently Sold

$124 Per Sq Ft

3% Below List Price

50 Days on Market

Highlights

  • Community Lake
  • Deck
  • Bonus Room
  • City High School Rated A-
  • Vaulted Ceiling
  • Solarium

About This Home

As of May 2025

Enjoy the convenience of not having to shovel snow or mow the lawn! Easy living in this 2-story Lake-View condo. Move-in ready 4 bed, 4 bath with quality upgrades, spacious rooms and storage. Kitchen has quartz counters, tile backsplash, gas range and breakfast bar. Large dining area adjoins open 4-season room with triple glazed Pella windows & interior blinds. An attractive gas FP and lots of natural light make this condo warm and welcoming. 2nd floor includes a large Primary bedroom with hardwood floors, remodeled bath & 2 walk-in closets (one with wall safe). Two more good-sized bedrooms and a full hall bath complete the upstairs. In the Lower Level you’ll find a 4th bedroom, full bath & family room, all with fresh flooring, paint and blinds. Walk-Out to a brick patio, small garden space and lovely lake frontage, where you can fish from your backyard! Finished Garage has a wall of storage units. Newer Washer/Dryer included; AC still under warranty; Water Heater 2016; Radon mitigated. (see list of Updates in Documents).

Last Agent to Sell the Property

Deborah Mulford

Lepic-Kroeger, REALTORS Listed on: 03/06/2025

Lepic-Kroeger, REALTORS

Last Buyer's Agent

Curtis Pierce

Lepic-Kroeger, REALTORS

Lepic-Kroeger, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,544

Year Built

  • Built in 1993

Lot Details

  • Garden
  • Property is zoned Residential Condo

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Home Design

  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Entrance Foyer
  • Family Room Downstairs
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Bonus Room
  • Solarium

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Plumbed For Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • Primary Bedroom Upstairs

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Outdoor Features

  • Deck
  • Patio

Schools

  • Lucas Elementary School
  • Southeast Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Internet Available
  • Cable TV Available

Additional Features

  • Stepless Entry
  • Property is near shops

Community Details

  • Association fees include bldg&liability insurance, exterior maintenance, garbage pickup, grounds maintenance, mgmt fee, sewer, street maintenance
  • Built by Frantz
  • Wellington Condos Balfour Subdivision
  • The community has rules related to allowing live work
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 1013455005

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,544

Year Built

Built in 1993

Lot Details

0

HOA Fees

$325 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 2752
  • Homebuilder: Frantz
  • Owner Name L F Mi: Bassett, Robert & Kathryne
  • Ownership Type: Condo Attached
  • Photo Code: Complete
  • Remarks: Buyer to verify square footage & schools. Please allow 24 hours for all offers; seller reserves the right to accept an offer at any time.
  • Year Built: 1993
  • Zero Step Entry: Yes
  • Tax Year Report: 2023
  • Subdivision: Wellington Condos Balfour
  • Directions: Scott Blvd to Wellington. Follow Wellington west to Balfour PL on the Left.
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Lake, Neighborhood Assoc., Pet Policy, Sidewalks, Street Lights, Close to Shopping, Live/Work
  • Basement Remarks: Poured Concrete, Finished, Full, Walkout, Daylight Windows
  • Fireplace Type Location: In Living Room, Gas
  • Interior R: Cable Available, Foyer-Entrance, Skylight, Vaulted Ceiling
  • Kitchen Breakfast R: Breakfast Bar, Pantry, Kit/Dining Rm Comb
  • Lot Description R: None/Condo
  • Possession R: Immediate, Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 2 Story, Townhouse Style
  • Remarks2: Enjoy the convenience of not having to shovel snow or mow the lawn! Easy living in this 2-story Lake-View condo. Move-in ready 4 bed, 4 bath with quality upgrades, spacious rooms and storage. Kitchen has quartz counters, tile backsplash, gas range and breakfast bar. Large dining area adjoins open 4-season room with triple glazed Pella windows & interior blinds. An attractive gas FP and lots of natural light make this condo warm and welcoming. 2nd floor includes a large Primary bedroom with hardwood floors, remodeled bath & 2 walk-in closets (one with wall safe). Two more good-sized bedrooms and a full hall bath complete the upstairs. In the Lower Level you’ll find a 4th bedroom, full bath & family room, all with fresh flooring, paint and blinds. Walk-Out to a brick patio, small garden space and lovely lake frontage, where you can fish from your backyard! Finished Garage has a wall of storage units. Newer Washer/Dryer included; AC still under warranty; Water Heater 2016; Radon mitigated. (see list of Updates in Documents).
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Icemaker Line, Range/Oven, Refrigerator, Dryer, Washer
  • Number Bedrooms Lower: 1
  • Number Bedrooms Upper: 3
  • Sq Ft Above: 2000
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Number of Main Level Half Bathrooms: 1
  • Bedrooms: 4
  • Total Bathrooms: 4
  • Dining Room Level: Main
  • Family Room Level: Lower
  • Kitchen Level: Main
  • Living Room Level: Main
  • Lower Level Finished Sq Ft: 752
  • Laundry Location: Main
  • Mstr Br Level: Upper
  • Mstr Br Width: 12
  • Number of Fireplaces: 1
  • Number of Lower Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Deck, Garden Area, Patio

Garage/Parking

  • Parking Spaces: 2 Cars

Utilities

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

Condo/Co-op/Association

  • Association Fee: 3900
  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Garbage Pickup, Grounds Maintenance, Mgmt Fee, Sewer, Street Maintenance

Schools

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

Lot Info

  • Acreage: 0
  • Geo Subdivision: IA
  • Lot Dimensions: condo
  • Zoning: Residential Condo

Tax Info

  • Gross Tax County City: 4740.97
  • Assessor Parcel Number: 1013455005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2025
Closed on
May 10, 2025
Sold by
Bassett Robert E and Bassett Kathryne H
Bought by
Kuehn Markus
Seller's Agent
Deborah Mulford
Lepic-Kroeger, REALTORS
Buyer's Agent
Curtis Pierce
Lepic-Kroeger, REALTORS
List Price
$349,000
Sold Price
$340,000
Premium/Discount to List
-$9,000
-2.58%
Views
82

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.67%

Purchase Details

Closed on
Oct 14, 2011
Sold by
Kline Gary A and Kline Betty A
Bought by
Bassett Robert E and Bassett Kathryne H
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $340,000 None Listed On Document
Warranty Deed $340,000 None Listed On Document
Warranty Deed $170,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 Sold $340,000 -2.6% $124 / Sq Ft
04/25/2025 04/25/25 Pending -- -- --
03/06/2025 03/06/25 For Sale $349,000 -- $127 / 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 $4,544 $259,040 $50,520 $208,520
2023 $4,554 $259,040 $50,520 $208,520
2022 $4,348 $218,940 $45,700 $173,240
2021 $4,438 $218,940 $45,700 $173,240
2020 $4,438 $213,820 $43,300 $170,520
2019 $4,092 $213,820 $43,300 $170,520
2018 $4,092 $194,800 $38,490 $156,310
2017 $3,796 $194,800 $38,490 $156,310
2016 $3,718 $181,210 $38,490 $142,720
2015 $3,718 $181,210 $38,490 $142,720
2014 $3,612 $175,660 $38,490 $137,170
Source: Public Records

Agents Affiliated with this Home

  • Deborah Mulford

    Seller's Agent in 2025

    Deborah Mulford

    Lepic-Kroeger, REALTORS

    (303) 570-4436

    7 in this area

    26 Total Sales

    Deborah Mulford
    Section Image
  • Curtis Pierce

    Buyer's Agent in 2025

    Curtis Pierce

    Lepic-Kroeger, REALTORS

    (319) 750-1409

    4 in this area

    18 Total Sales

    Curtis Pierce
    Section Image
See All Agents

Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202501493

Iowa City Area Association of REALTORS®

APN: 1013455005

Iowa Johnson County Iowa City 52240 Eastside

3131 Balfour Place, Iowa City, IA

This home is located at 3131 Balfour Place, Iowa City, IA 52240 and is currently priced at $340,000, approximately $123 per square foot. This property was built in 1993. 3131 Balfour Place is a home located in Johnson County with nearby schools including Robert Lucas 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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