$140,000
SOLD MAR 31, 2025
3 Beds
1 Bath
1,271 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$110 Per Sq Ft

1 Day on Market

Highlights

  • Main Floor Primary Bedroom
  • Breakfast Area or Nook
  • Forced Air Heating and Cooling System
  • City High School Rated A-
  • Community Playground
  • Combination Dining and Living Room

About This Home

As of August 2025

Situated in the heart of Iowa City, 509 3rd Avenue presents a promising opportunity for investors or homeowners seeking a project to personalize. This 1,271 sq ft single-family home, constructed in 1940, features 3 bedrooms and 1 bathroom. The property sits on a spacious 9,060 sq ft lot, offering potential for expansion or outdoor enhancements. While the property requires renovations, it holds great potential for those willing to invest in its restoration. Located in the Creekside neighborhood, the property benefits from proximity to local amenities and schools, including Longfellow Elementary School, Southeast Junior High School, and Iowa City High School. Property being sold "As-Is".

Last Agent to Sell the Property

Bryant Nicholson

Affinity Real Estate Services Listed on: 03/04/2025

Affinity Real Estate Services

Last Buyer's Agent

Tundi Brady

Urban Acres Real Estate

Urban Acres Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,944

Year Built

  • Built in 1940

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 70x150

Parking

  • 1 Parking Space

Home Design

  • Frame Construction

Interior Spaces

  • 1,271 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Combination Dining and Living Room
  • Unfinished Basement

Kitchen

  • Breakfast Area or Nook
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Longfellow Elementary School
  • Southeast Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Internet Available

Community Details

  • Community Playground

Listing and Financial Details

  • Assessor Parcel Number 1014111001

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,944

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1271
  • Homebuilder: Unknown
  • Owner Name L F Mi: Thomas
  • Ownership Type: Single Family
  • Photo Code: Broker Loaded
  • Remarks: Listing agent out of country through March 11th. Please submit any offers to Dave Lynch at dave@apmia.com or call 319-329-6351. Please include As-Is addendum in any offer.
  • Year Built: 1940
  • Tax Year Report: 2023
  • Directions: Muscatine to E Court to 3rd Ave
  • S O1 Dues Paid: y
  • Amenities: Playground, Sidewalks
  • Basement Remarks: Unfinished
  • Fireplace Type Location: None
  • Interior R: Other
  • Kitchen Breakfast R: Breakfast Area
  • Lot Description R: Less than .5 Acre
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 2 Story
  • Remarks2: Situated in the heart of Iowa City, 509 3rd Avenue presents a promising opportunity for investors or homeowners seeking a project to personalize. This 1,271 sq ft single-family home, constructed in 1940, features 3 bedrooms and 1 bathroom. The property sits on a spacious 9,060 sq ft lot, offering potential for expansion or outdoor enhancements. While the property requires renovations, it holds great potential for those willing to invest in its restoration. Located in the Creekside neighborhood, the property benefits from proximity to local amenities and schools, including Longfellow Elementary School, Southeast Junior High School, and Iowa City High School. Property being sold "As-Is".
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator, Dryer, Washer
  • Number Bedrooms Upper: 2
  • Number Bedrooms Main: 1
  • Sq Ft Above: 1271
  • Total Full Baths: 1
  • Bedrooms: 3
  • Total Bathrooms: 1
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Laundry Location: Other
  • Mstr Br Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Other

Garage/Parking

  • Parking Spaces: 1 Car

Utilities

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

Condo/Co-op/Association

  • Fees Include: None

Schools

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

Lot Info

  • Acreage: 0.21
  • Geo Subdivision: IA
  • Lot Dimensions: 70x150
  • Zoning: residential

Tax Info

  • Gross Tax County City: 2944
  • Assessor Parcel Number: 1014111001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2025
Closed on
Aug 1, 2025
Sold by
Horesowsky Construction Llc
Bought by
Goldsmith Peggy Sue and Gastaldo John
Seller's Agent
Tundi Brady
Urban Acres Real Estate
Buyer's Agent
Kevin Sun
Skogman Realty Co.
List Price
$259,900
Sold Price
$260,000
Premium/Discount to List
$100
0.04%
Views
135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-45.19%
Original Mortgage
$160,000
Outstanding Balance
$159,863
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$83,496

Purchase Details

Listed on
Mar 4, 2025
Closed on
Mar 28, 2025
Sold by
Thomas Jody R and Klein Charles J
Bought by
Horesowsky Construction Llc
Seller's Agent
Bryant Nicholson
Affinity Real Estate Services
Buyer's Agent
Tundi Brady
Urban Acres Real Estate
List Price
$140,000
Sold Price
$140,000
Views
42

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
517.62%
Original Mortgage
$187,000
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2017
Sold by
Paulios Jason D and Lee Kristen
Bought by
Cruden Nathalie R

Purchase Details

Closed on
Dec 7, 2010
Sold by
Thomas Jody R and Klein Charles J
Bought by
Thomas Jody R and Klein Charles J
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $260,000 None Listed On Document
Warranty Deed $260,000 None Listed On Document
Warranty Deed $140,000 None Listed On Document
Warranty Deed $140,000 None Listed On Document
Warranty Deed -- None Available
Legal Action Court Order -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $160,000 New Conventional
Closed $160,000 New Conventional
Previous Owner $187,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Sold $260,000 0.0% $205 / Sq Ft
07/22/2025 07/22/25 Pending -- -- --
06/06/2025 06/06/25 For Sale $259,900 +85.6% $204 / Sq Ft
03/31/2025 03/31/25 Sold $140,000 0.0% $110 / Sq Ft
03/04/2025 03/04/25 For Sale $140,000 -- $110 / 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 $2,944 $156,540 $46,300 $110,240
2023 $2,774 $156,540 $46,300 $110,240
2022 $2,652 $128,030 $43,570 $84,460
2021 $2,616 $128,030 $43,570 $84,460
2020 $2,616 $120,980 $40,850 $80,130
2019 $2,444 $120,980 $40,850 $80,130
2018 $2,444 $111,210 $38,130 $73,080
2017 $2,468 $111,210 $38,130 $73,080
2016 $2,420 $112,260 $38,130 $74,130
2015 $2,420 $112,260 $38,130 $74,130
2014 $2,544 $117,630 $38,130 $79,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202501428

Iowa City Area Association of REALTORS®

APN: 1014111001