NOT LISTED FOR SALE

506 Terrace Rd Iowa City, IA 52245

Eastside Neighborhood

Estimated Value: $235,000 - $263,726

3 Beds
2 Baths
1,028 Sq Ft
$245/Sq Ft Est. Value

Last Sold June 17, 2019

Last sale price $190,100 $185 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,717/month

70 Days on Market

Highlights

  • Deck
  • Separate Formal Living Room
  • 1-Story Property
  • City High School Rated A-
  • Fenced Yard
  • Property is near schools

About This Home

As of June 2019

Don't miss out on this meticulously maintained charmer! Light-filled living room with large windows, recently updated kitchen (fall, 2017), wood floors in living room and bedrooms, and large deck overlooking a beautiful yard. Unfinished walk-out basement with windows, ready for expansion. Furnace and Air Conditioner replaced 2012; Radon mitigation 2010. Verify schools with ICCSD. Earnest money check should be made payable to: Anderson-Houghton Trust Account

Last Agent to Sell the Property

Gerhild Krapf

Homes & Hearth, LLC Listed on: 03/27/2019

Last Buyer's Agent

Stacy Schroeder

Edge Realty Group

Edge Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,070

Year Built

  • Built in 1961

Lot Details

  • Lot Dimensions are 70 x 120 x 84 x 120
  • Fenced Yard
  • Property is zoned RS5

Parking

  • 1 Parking Space

Home Design

  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 1-Story Property
  • Bookcases
  • Separate Formal Living Room
  • Laundry in Basement
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Hoover Elementary School
  • Southeast Middle School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Internet Available
  • Cable TV Available

Additional Features

  • Deck
  • Property is near schools

Community Details

  • Built by Frantz
  • Court Hill Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1013207003

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,070

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1028
  • Homebuilder: Frantz
  • Owner Name L F Mi: Jim Olson
  • Ownership Type: Single Family
  • Photo Code: Broker Loaded
  • Year Built: 1961
  • Tax Year Report: 2017
  • Subdivision: Court Hill Addition
  • Directions: East on Court, past 1st Ave., right onto Terrace Road
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Close to School
  • Basement Remarks: Poured Concrete
  • Fireplace Type Location: None
  • Interior R: Bookcases, Cable Available
  • Kitchen Breakfast R: Other
  • Lot Description R: Less than .5 Acre
  • Possession R: 30-60 Days
  • Possible Finance R: Conventional
  • Stories Style R: 1 Story
  • Remarks2: Don't miss out on this meticulously maintained charmer! Light-filled living room with large windows, recently updated kitchen (fall, 2017), wood floors in living room and bedrooms, and large deck overlooking a beautiful yard. Unfinished walk-out basement with windows, ready for expansion. Furnace and Air Conditioner replaced 2012; Radon mitigation 2010. Verify schools with ICCSD. Earnest money check should be made payable to: Anderson-Houghton Trust Account
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Refrigerator, Dryer, Washer
  • Number Bedrooms Main: 3
  • Sq Ft Above: 978
  • Total Full Baths: 2
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Kitchen Level: Main
  • Living Room Level: Main
  • Lower Level Finished Sq Ft: 50
  • Laundry Location: Basement, Other
  • Mstr Br Level: Main
  • Mstr Br Width: 12
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Deck, Fenced Yard

Garage/Parking

  • Parking Spaces: 1 Car

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Electric, Gas, Central

Condo/Co-op/Association

  • Fees Include: None

Schools

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

Lot Info

  • Acreage: 0
  • Geo Subdivision: IA
  • Lot Dimensions: 70 x 120 x 84 x 120
  • Zoning: RS5

Rental Info

  • Lease Value: $1200

Tax Info

  • Gross Tax County City: 3140.03
  • Assessor Parcel Number: 1013207003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2019
Closed on
Jun 17, 2019
Sold by
Olson James M
Bought by
Tracy Sam and Smith Leavens Macee
Seller's Agent
Gerhild Krapf
Homes & Hearth, LLC
Buyer's Agent
Stacy Schroeder
Edge Realty Group
List Price
$180,000
Sold Price
$190,100
Premium/Discount to List
$10,100
5.61%
Current Estimated Value
$251,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,582
Avg. Annual Appreciation
4.21%
Original Mortgage
$186,656
Interest Rate
4.1%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 4, 2010
Sold by
Broderick Paul and Broderick Cynthia M
Bought by
Olson James M and Olson Lois P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,200
Interest Rate
4.17%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Tracy Sam $190,500 None Available
Olson James M $149,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tracy Sam $185,732
Closed Tracy Sam $186,836
Closed Tracy Sam $186,656
Previous Owner Olson James M $119,200
Previous Owner Broderick Paul $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2019 06/17/19 Sold $190,100 +5.6% $185 / Sq Ft
03/27/2019 03/27/19 For Sale $180,000 -- $175 / 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 $4,070 $226,800 $51,520 $175,280
2023 $3,746 $226,800 $51,520 $175,280
2022 $3,578 $181,740 $44,650 $137,090
2021 $3,578 $181,740 $44,650 $137,090
2020 $3,578 $174,120 $41,220 $132,900
2019 $2,986 $160,930 $41,220 $119,710
2018 $2,986 $144,460 $37,780 $106,680
2017 $2,844 $144,460 $37,780 $106,680
2016 $2,784 $137,910 $30,910 $107,000
2015 $2,784 $137,910 $30,910 $107,000
2014 $2,708 $133,870 $30,910 $102,960
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2019

    Gerhild Krapf

    Homes & Hearth, LLC

    Section Image
  • Stacy Schroeder

    Buyer's Agent in 2019

    Stacy Schroeder

    Edge Realty Group

    (319) 321-7909

    14 in this area

    331 Total Sales

    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20191894

Iowa City Area Association of REALTORS®

APN: 1013207003

Iowa Johnson County Iowa City 52245 Eastside

506 Terrace Rd, Iowa City, IA

This home is located at 506 Terrace Rd, Iowa City, IA 52245 since 27 March 2019 and is currently estimated at $251,682, approximately $244 per square foot. This property was built in 1961. 506 Terrace Rd is a home located in Johnson County with nearby schools including Herbert Hoover 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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