NOT LISTED FOR SALE

451 E Burlington St Iowa City, IA 52240

Estimated Value: $350,086 - $564,000

12 Beds
28 Baths
-- Sq Ft
1,873 Sq Ft Lot

Last Sold December 01, 2023

Last sale price $3,750,000

Current estimated payment $2,778/month

46 Days on Market

Highlights

  • Brick or Stone Mason
  • Living Room
  • Forced Air Heating System
  • City High School Rated A-
  • Property is near schools
  • 2-minute walk to Iowa City Recreation Center

About This Home

As of December 2023

451 E Burlington Street Iowa City IA 3 Bedroom 2 Bathroom Apartment Downtown Iowa City! On U of I Campus!

Please Call Us Now or Email Us Now For A Private Showing! Sorry No Pets! No Smoking!

Like New Spacious Three Bedroom Two Bathroom Apartment For Rent! Prime Location Downtown Iowa City at the corner of Burlington Street and Gilbert Street. Features Include Open Floor Plan, Stainless Appliances, Gas Fireplace In Living Room, Balcony/Deck Off Living Room, Elevator, Washer & Dryer In Unit & Underground Garage Parking Also Available! Give Us A Call Today to Reserve Your Apartment! August 1 2025 Move In! Student Housing.
Owner is an Iowa Broker

Last Agent to Sell the Property

Tom Kaut

Urban Acres Real Estate Listed on: 10/02/2023

Urban Acres Real Estate

Last Buyer's Agent

Tracy Barkalow

Barkalow & Associates, Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,322

Year Built

  • Built in 2011

Lot Details

  • 1,873

Parking

  • 4 Parking Spaces

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • Elevator
  • Living Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Stepless Entry

Location

  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Mann Elementary School
  • Southeast Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1010468001

Community Details

Overview

  • 14 Units

Building Details

  • Security
  • Gross Income $4,207,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,322

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Prime downtown Iowa City apartment complex! Fabulous rental history! 14, 3 bedroom apartments. 29 parking spaces for extra yearly income. Building elevator. Dont miss your opportunity to won prime rental property in an incredible location!
  • Year Built: 2011
  • Zero Step Entry: Yes
  • Tax Year Report: 2021
  • Rental Permit: Yes
  • Directions: Burlington St just East of Gilbert St.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • Amenities: Security, Sidewalks, Street Lights, Close to School, Close to Shopping, On Bus Line
  • Basement Remarks: Slab
  • Possession R: Immediate
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Microwave, Washer
  • Elevators: Yes

Exterior Features

  • Construction: Brick, Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

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

Schools

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

Lot Info

  • Zoning: Residential Income

Tax Info

  • Gross Tax County City: 73560
  • Assessor Parcel Number: 1010468001

Multi Family

  • Units Total: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Nov 30, 2023
Sold by
Burlington Commons Llc
Bought by
Tsb Holdings Llc
Seller's Agent
Tom Kaut
Urban Acres Real Estate
Buyer's Agent
Tracy Barkalow
Barkalow & Associates, Realtors
List Price
$5,500,000
Sold Price
$3,750,000
Premium/Discount to List
-$1,750,000
-31.82%
Views
67
Current Estimated Value
$428,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,321,728
Avg. Annual Appreciation
-69.70%
Original Mortgage
$3,000,000
Outstanding Balance
$2,943,362
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
-$2,468,055
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tsb Holdings Llc $3,750,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tsb Holdings Llc $3,000,000
Previous Owner Burlington Commons Llc $2,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 For Rent $2,400 0.0% --
10/21/2024 10/21/24 Off Market $2,400 -- --
10/08/2024 10/08/24 Off Market $2,400 -- --
09/27/2024 09/27/24 For Rent $2,400 0.0% --
12/01/2023 12/01/23 Sold $3,750,000 -31.8% --
10/02/2023 10/02/23 For Sale $5,500,000 -- --
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 $5,322 $282,960 $43,900 $239,060
2023 $5,394 $282,960 $43,900 $239,060
2022 $5,154 $248,840 $43,900 $204,940
2021 $5,362 $248,840 $43,900 $204,940
2020 $5,362 $248,000 $43,900 $204,100
2019 $4,932 $248,000 $43,900 $204,100
2018 $4,932 $224,510 $37,150 $187,360
2017 $4,726 $224,510 $37,150 $187,360
2016 $4,634 $215,020 $35,780 $179,240
2015 $4,634 $215,020 $35,780 $179,240
2014 $4,376 $202,310 $32,530 $169,780
Source: Public Records

Agents Affiliated with this Home

  • Tom Kaut

    Seller's Agent in 2023

    Tom Kaut

    Urban Acres Real Estate

    (319) 631-5288

    283 Total Sales

    Tom Kaut
    Section Image
  • Tracy Barkalow

    Buyer's Agent in 2023

    Tracy Barkalow

    Barkalow & Associates, Realtors

    (319) 631-3268

    42 Total Sales

    Tracy Barkalow
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202305282

Iowa City Area Association of REALTORS®

APN: 1010468001

Iowa Johnson County Iowa City 52240

451 E Burlington St, Iowa City, IA

This home is located at 451 E Burlington St, Iowa City, IA 52240 since 02 October 2023 and is currently estimated at $428,272. This property was built in 2011. 451 E Burlington St is a home located in Johnson County with nearby schools including Longfellow 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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