$205,000
UNDER CONTRACT $5K PRICE DROP

450 Penn Ct Unit 5 North Liberty, IA 52317

Estimated payment $1,612/month

Total Views 3,208
2 Beds
2 Baths
1,145 Sq Ft
$179 Price per Sq Ft

Highlights

  • Main Floor Primary Bedroom
  • Living Room
  • Ceiling height of 9 feet or more
  • Breakfast Bar
  • Property is near shops
  • Forced Air Heating and Cooling System

About This Home

This move-in-ready 2 bed, 2 bath condo offers 1,145 sq ft of updated comfort in a prime location. A spacious living room—perfect for entertaining—opens to a generously sized patio with serene views. Recent updates include luxury vinyl plank flooring in the bedrooms and living area, fresh interior paint, and new appliances: refrigerator, dishwasher, washer, and dryer. Exterior upgrades include a painted patio (2022), a new roof (2023), and new siding and paint (2024), providing peace of mind for years to come. Tucked into a quiet area with easy access to I-380, trails, parks, and shopping, this condo is a standout opportunity for first-time buyers looking for affordability, low maintenance, and thoughtful improvements. Don’t miss your chance to own a well-cared-for home in the heart of North Liberty!

Listing Agent

Sahan Thenuwara

Keller Williams Legacy Group Listed on: 06/13/2025

Keller Williams Legacy Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,642

Year Built

  • Built in 2006

HOA Fees

  • $260 Monthly HOA Fees

Parking

  • 1 Parking Space

Interior Spaces

  • 1,145 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Living Room
  • Dining Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Location

  • Property is near shops

Schools

  • Cca - North Bend Elementary School
  • Clear Creek Middle School
  • Clear Creek High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 0611345005

Community Details

Overview

  • Built by Prime Ventures
  • Liberty's Gate Subdivision

Building Details

  • Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,642

Year Built

Built in 2006

Lot Details

0

HOA Fees

$260 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1145
  • Homebuilder: Prime Ventures
  • Owner Name L F Mi: Iman
  • Ownership Type: Condo Attached
  • Photo Code: Broker Loaded
  • Remarks: Building code is 135[Enter]. Lockbox near the door. Please give seller an hour notice before setting up a showing. Please remove shoes before entering. Appreciate your cooperation.
  • Year Built: 2006
  • Tax Year Report: 2023
  • Subdivision: Liberty's Gate
  • Directions: If coming on the interstate highway, take Exit 4 to North Liberty. Stay on W Penn Street and take turn to the right to N Kansas Avenue, take a right to N Madison Avenue, then take a brief left to Penn Court and the building should be to your right.
  • L O1 Dues Paid: y
  • Amenities: Neighborhood Assoc., Security, Sidewalks, Street Lights, Close to Shopping, Other
  • Basement Remarks: None
  • Fireplace Type Location: Gas
  • Interior R: Cable Available, Ceiling-9+ ft, Other
  • Kitchen Breakfast R: Breakfast Bar
  • Lot Description R: None/Condo
  • Possession R: Immediate
  • Possible Finance R: Cash, Conventional
  • Stories Style R: Condo/Single Level
  • Remarks2: This move-in-ready 2 bed, 2 bath condo offers 1,145 sq ft of updated comfort in a prime location. A spacious living room—perfect for entertaining—opens to a generously sized patio with serene views. Recent updates include luxury vinyl plank flooring in the bedrooms and living area, fresh interior paint, and new appliances: refrigerator, dishwasher, washer, and dryer. Exterior upgrades include a painted patio (2022), a new roof (2023), and new siding and paint (2024), providing peace of mind for years to come. Tucked into a quiet area with easy access to I-380, trails, parks, and shopping, this condo is a standout opportunity for first-time buyers looking for affordability, low maintenance, and thoughtful improvements. Don’t miss your chance to own a well-cared-for home in the heart of North Liberty!
  • Special Features: UnderContract
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, Dryer, Washer
  • Number Bedrooms Main: 2
  • Sq Ft Above: 1145
  • Total Full Baths: 2
  • Bedrooms: 2
  • Total Bathrooms: 2
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Mstr Br Level: Main
  • Number of Fireplaces: 1
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Construction: Unknown

Garage/Parking

  • Parking Spaces: 1 Car

Utilities

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

Condo/Co-op/Association

  • Association Fee: 3120
  • Condo Level: 2

Schools

  • Elementary School: CCA - North Bend
  • Middle School: Clear Creek
  • High School: Clear Creek
  • High School: Clear Creek
  • Jr Middle School: Clear Creek
  • Elementary School: CCA - North Bend

Lot Info

  • Acreage: 0
  • Geo Subdivision: IA
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 2818.2
  • Assessor Parcel Number: 0611345005

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,642 $166,600 $30,000 $136,600
2023 $2,846 $166,600 $30,000 $136,600
2022 $2,802 $152,400 $11,000 $141,400
2021 $2,664 $152,400 $11,000 $141,400
2020 $2,664 $138,300 $11,000 $127,300
2019 $2,634 $138,300 $11,000 $127,300
2018 $2,748 $138,300 $11,000 $127,300
2017 $2,630 $138,300 $11,000 $127,300
2016 $2,558 $127,700 $11,000 $116,700
2015 $2,558 $127,700 $11,000 $116,700
2014 $2,314 $124,100 $11,000 $113,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 Price Changed $205,000 -2.4% $179 / Sq Ft
06/13/2025 06/13/25 For Sale $210,000 +47.9% $183 / Sq Ft
07/21/2017 07/21/17 Sold $142,000 -1.3% $124 / Sq Ft
05/17/2017 05/17/17 Pending -- -- --
05/16/2017 05/16/17 For Sale $143,900 -- $126 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $142,000 None Available
Deed $114,000 None Available
Corporate Deed $120,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $39,000 Credit Line Revolving
Previous Owner $91,200 New Conventional
Previous Owner $107,900 Purchase Money Mortgage
Previous Owner $12,000 Credit Line Revolving
Source: Public Records

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Source: Iowa City Area Association of REALTORS®

MLS Number: 202503965

Iowa City Area Association of REALTORS®

APN: 0611345005