$275,000
SOLD OCT 5, 2020

5055 540th St SE Lone Tree, IA 52755

4 Beds
2.5 Baths
2,414 Sq Ft
5.64 Acres

Recently Sold

$114 Per Sq Ft

39 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Wood Flooring
  • Fenced Yard
  • Wood Burning Stove
  • Main Floor Primary Bedroom
  • Separate Outdoor Workshop

About This Home

As of January 2025

Hobby Farm Alert!! Acreage just a short drive from Iowa City with 5.64 Acres w/4 bedroom, 2.5 bathroom House with large 2 car attached garage, shop/Man Cave, large steel utility shed built in 1998 for horses, etc., and plenty of room to expand! Level land with fence surrounding entire property. All Appliances are staying in the updated kitchen. Wood floors, tile,carpet throughout the home. Master on the main level. Two fireplaces. Property being sold “As Is”; Seller will make no remedies nor repairs.

Last Agent to Sell the Property

Diane Slaughter

Edge Realty Group Listed on: 08/03/2020

Edge Realty Group

Last Buyer's Agent

Marc Simpson

Ruhl&Ruhl, Realtors

Ruhl&Ruhl, Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,128

Year Built

  • Built in 1875

Lot Details

  • 5.64 Acre Lot
  • Lot Dimensions are 480x545
  • Fenced Yard
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Frame Construction
  • Composition Roof
  • Vinyl Construction Material
  • Tile

Interior Spaces

  • 2-Story Property
  • 2 Fireplaces
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Block Basement Construction

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Fireplace in Primary Bedroom

Laundry

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

Outdoor Features

  • Separate Outdoor Workshop
  • Shed
  • Outbuilding

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 1628201002

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,128

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 2414
  • Homebuilder: Unknown
  • Owner Name L F Mi: Rowland, Sarah J.
  • Ownership Type: Single Family
  • Photo Code: Complete
  • Photo Code1: Broker Loaded
  • Possible Finance: Cash, Conventional
  • Remarks: Call Listing Agent for information on Septic System. SentriLock by front door. Contact Listing Agent Diane Slaughter to see property or for any questions. Seller will complete all siding, trim, roof & deck on back side of home prior to closing. There are two refrigerators that stay in the Kitchen. DW does not work, FP in bedroom/den downstairs which has no closet off LR has not been used by current owner. There is room to build a closet. 2013 Water Heater, Water Softener in basement & freezer in garage stays. There is a bldg. that could be used for chickens or hobbies, Pool Shed which is insulated as well as Shop/Man Cave & large Utility Shed.
  • Stories Style: 2 Stories
  • Year Built: 1875
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment: Microwave, Range/Oven, Refrigerator, Dryer, Washer, Water Softener (Owned)
  • Interior: Carpet, Tile, Wood Floors
  • Number Bedrooms Upper: 3
  • Number Bedrooms Main: 1
  • Sq Ft Above: 922
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Number of Main Level Half Bathrooms: 1
  • Laundry Type: Laundry Room
  • Bedrooms: 4
  • Total Bathrooms: 3
  • Dining Room Level: Main
  • Basement: Block
  • Kitchen Level: Main
  • Living Room Level: Main
  • Fireplace Type: Wood Burning, Wood Burning Stove
  • Lower Level Finished Sq Ft: 1492
  • Fireplace Location: In Master Bedroom
  • Kitchen / Breakfast: Breakfast Bar
  • Laundry Location: 1st Floor
  • Mstr Br Level: Main
  • Number of Fireplaces: 2
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame, Vinyl
  • Roof Type: Composition
  • Exterior: Fenced Yard, Outbuildings, Shed, Workshop

Garage/Parking

  • Parking: Attached, Garage, 2 Cars

Utilities

  • Cooling: Central
  • Heating: Propane, Central, Forced Air
  • Internet: Yes
  • Water Sewer: Private Septic, Well

Condo/Co-op/Association

  • Association Fee: O

Schools

  • Elementary School: Lone Tree
  • Middle School: Lone Tree
  • High School: Lone Tree

Lot Info

  • Acreage: 5.64
  • Geo Subdivision: IA
  • Lot Description: 5+ Acres, Level
  • Lot Dimensions: 480x545
  • Zoning: Residential

Green Features

  • Energy Related: Water Heater-Gas

Tax Info

  • Gross Tax County City: 3210
  • Assessor Parcel Number: 1628201002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2020
Closed on
Oct 2, 2020
Sold by
Rowland Sarah I and Rowland Jake
Bought by
Leonard Cory and Leonard Chelsea
Seller's Agent
Diane Slaughter
Edge Realty Group
Buyer's Agent
Marc Simpson
Ruhl&Ruhl, Realtors
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$458,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,336
Avg. Annual Appreciation
11.11%
Original Mortgage
$247,500
Outstanding Balance
$222,611
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$234,348

Purchase Details

Closed on
Feb 12, 2018
Sold by
Parks John
Bought by
Rowland Sarah J

Purchase Details

Closed on
Dec 10, 2013
Sold by
Mccray Randy
Bought by
Rice Shawn
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 $275,000 None Available
Deed -- None Available
Legal Action Court Order -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $247,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Sold $458,000 0.0% $190 / Sq Ft
12/17/2024 12/17/24 For Sale $458,000 0.0% $190 / Sq Ft
12/09/2024 12/09/24 Off Market $458,000 -- --
11/20/2024 11/20/24 Price Changed $458,000 -2.2% $190 / Sq Ft
11/08/2024 11/08/24 Price Changed $468,500 -2.1% $194 / Sq Ft
10/19/2024 10/19/24 Price Changed $478,500 -4.0% $198 / Sq Ft
10/08/2024 10/08/24 For Sale $498,500 +81.3% $207 / Sq Ft
10/05/2020 10/05/20 Sold $275,000 0.0% $114 / Sq Ft
08/03/2020 08/03/20 For Sale $275,000 -- $114 / 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 $3,128 $282,500 $102,500 $180,000
2023 $2,960 $282,500 $102,500 $180,000
2022 $2,918 $229,300 $88,300 $141,000
2021 $2,934 $229,300 $88,300 $141,000
2020 $2,934 $209,400 $88,300 $121,100
2019 $3,210 $210,200 $88,300 $121,900
2018 $2,982 $225,900 $88,300 $137,600
2017 $3,040 $225,900 $88,300 $137,600
2016 $2,866 $221,900 $88,300 $133,600
2015 $2,866 $221,900 $88,300 $133,600
2014 $2,742 $209,600 $72,700 $136,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202004789

Iowa City Area Association of REALTORS®

APN: 1628201002