$670,000
SOLD MAY 27, 2025

3702 Forest Gate Dr NE Iowa City, IA 52240

5 Beds
3.5 Baths
4,355 Sq Ft
1.2 Acres

Recently Sold

$154 Per Sq Ft

4% Below List Price

21 Days on Market

Highlights

  • 1.2 Acre Lot
  • Deck
  • Wooded Lot
  • Wickham Elementary School Rated A
  • Recreation Room
  • Separate Formal Living Room

About This Home

As of May 2025

Accepted offer 3/30/25. Great two-story Forest Gate home on a 1.2 acre lot with wooded views and perennials. Four bedrooms and two baths upstairs including a primary ensuite with vaulted ceilings and 5th bedroom in the walkout lower level along with a 3rd bath. Main floor features formal dining room and living room plus an open layout great room with fireplace and bay window facing the private backyard. Mud/laundry room off of garage, eat-in kitchen and half bath also on main. New air conditioner in 2024, roof was replaced in 2016 and working but old washer to be replaced by closing date with acceptable offer.

Last Agent to Sell the Property

Yasmine Rezai

Lepic-Kroeger, REALTORS Listed on: 03/28/2025

Lepic-Kroeger, REALTORS

Last Buyer's Agent

Tracy Adams

Edge Realty Group

Edge Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,530

Year Built

  • Built in 1990

Lot Details

  • 1.2 Acre Lot
  • Wooded Lot
  • Private Yard

HOA Fees

  • $167 Monthly HOA Fees

Parking

  • 3 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Great Room with Fireplace
  • Family Room Downstairs
  • Separate Formal Living Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Recreation Room
  • Walk-Out Basement

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • Primary Bedroom Upstairs

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Schools

  • Penn Elementary School
  • North Central Middle School
  • Liberty High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Community Well
  • Water Heater
  • Private or Community Septic Tank
  • Internet Available

Community Details

  • Association fees include sewer
  • Forest Gate Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0729127004

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,530

Year Built

Built in 1990

Lot Details

0

HOA Fees

$167 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 4355
  • Homebuilder: Unknown
  • Owner Name L F Mi: of Record
  • Ownership Type: Single Family
  • Photo Code: Broker Loaded
  • Remarks: $1000 allowance for stairs carpet which recently had bleach accident. Square footage to be verified by buyer, based on assessor.
  • Year Built: 1990
  • Tax Year Report: 2023
  • Subdivision: Forest Gate
  • Directions: North on First Ave to West on Forest Gate. Home is on your right.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Other
  • Basement Remarks: Walkout
  • Fireplace Type Location: In Great/Family Room, Gas
  • Interior R: Foyer-Entrance
  • Kitchen Breakfast R: Breakfast Bar, Breakfast Room, Pantry
  • Lot Description R: 1-2 Acres, Private Backyard, Wooded
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 2 Story
  • Remarks2: Accepted offer 3/30/25. Great two-story Forest Gate home on a 1.2 acre lot with wooded views and perennials. Four bedrooms and two baths upstairs including a primary ensuite with vaulted ceilings and 5th bedroom in the walkout lower level along with a 3rd bath. Main floor features formal dining room and living room plus an open layout great room with fireplace and bay window facing the private backyard. Mud/laundry room off of garage, eat-in kitchen and half bath also on main. New air conditioner in 2024, roof was replaced in 2016 and working but old washer to be replaced by closing date with acceptable offer.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, Dryer, Washer
  • Number Bedrooms Lower: 1
  • Number Bedrooms Upper: 4
  • Sq Ft Above: 2762
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Number of Main Level Half Bathrooms: 1
  • Bedrooms: 5
  • Total Bathrooms: 4
  • Dining Room Level: Main
  • Family Room Level: Lower
  • Kitchen Level: Main
  • Living Room Level: Main
  • Lower Level Finished Sq Ft: 1593
  • Laundry Location: Laundry Room, Main
  • Mstr Br Level: Upper
  • Mstr Br Width: 14
  • Number of Fireplaces: 1
  • Number of Lower Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Deck, Patio

Garage/Parking

  • Parking Spaces: 3 Cars

Utilities

  • Internet: Yes
  • Water Sewer: Community Well, Private Septic, Water Heater
  • Heating Cooling: Ceiling Fans, Gas, Central, Forced Air

Condo/Co-op/Association

  • Association Fee: 2000
  • Fees Include: Sewer

Schools

  • Elementary School: Penn
  • Middle School: North Central
  • High School: Liberty High School
  • High School: Liberty High School
  • Jr Middle School: North Central
  • Elementary School: Penn

Lot Info

  • Acreage: 1.2
  • Geo Subdivision: IA
  • Lot Dimensions: 52,272 ft
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 6530
  • Assessor Parcel Number: 0729127004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2025
Closed on
May 21, 2025
Sold by
Ludwig Roger J and Ludwig Susan F
Bought by
Spoelma Trevor and Spoelma Jennifer
Seller's Agent
Yasmine Rezai
Lepic-Kroeger, REALTORS
Buyer's Agent
Tracy Adams
Edge Realty Group
List Price
$699,000
Sold Price
$670,000
Premium/Discount to List
-$29,000
-4.15%
Views
24
Current Estimated Value
$683,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,267
Avg. Annual Appreciation
8.16%
Original Mortgage
$100,500
Outstanding Balance
$90,704
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$592,563
Source: Public Records

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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 $670,000 None Listed On Document
Warranty Deed $670,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,500 New Conventional
Closed $100,500 New Conventional
Open $536,000 New Conventional
Closed $536,000 New Conventional
Previous Owner $100,000 Commercial
Previous Owner $184,520 New Conventional
Previous Owner $242,000 Unknown
Previous Owner $255,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 Sold $670,000 -4.1% $154 / Sq Ft
04/18/2025 04/18/25 Pending -- -- --
03/28/2025 03/28/25 For Sale $699,000 -- $161 / 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 $6,530 $500,300 $129,000 $371,300
2023 $6,812 $500,300 $129,000 $371,300
2022 $6,418 $448,200 $129,000 $319,200
2021 $6,484 $448,200 $129,000 $319,200
2020 $6,484 $433,000 $129,000 $304,000
2019 $6,142 $431,600 $129,000 $302,600
2018 $6,024 $405,700 $129,000 $276,700
2017 $6,024 $405,700 $129,000 $276,700
2016 $5,698 $397,600 $129,000 $268,600
2015 $5,698 $397,600 $129,000 $268,600
2014 $5,400 $348,100 $101,000 $247,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202502039

Iowa City Area Association of REALTORS®

APN: 0729127004