$100,000
SOLD JUN 20, 2025

5324 Gilbertville Rd Waterloo, IA 50701

2 Beds
1 Bath
792 Sq Ft
1.06 Acres

Recently Sold

$126 Per Sq Ft

9% Below List Price

10 Days on Market

Highlights

  • River Front
  • 3 Car Detached Garage
  • Wood Siding
  • Wooded Lot

About This Home

As of June 2025

Incredible Riverfront Opportunity in Gilbertville! This unique offering includes three parcels totaling 1.06 acres, perched on a high bank overlooking the scenic Cedar River. Located on Gilbertville Road, the property provides a rare chance to own a beautiful riverfront setting with expansive views. The existing home on site is in poor condition and will require a full renovation or removal to make way for new construction. A 1,040 sq ft, three-stall shop is also included. While the shop needs work, it holds great potential to be restored and serve as a valuable addition to the property. Ideal as a potential building site, this property includes a well (unused for many years) and may have a septic system—though there are no records or known location of the tank. This is an as-is sale. Surrounded by well-maintained homes and with a setting that’s hard to beat, this property presents a rare and exciting opportunity to create something special.

Last Agent to Sell the Property

Ryan Backes

Backes Real Estate License #B56242 Listed on: 05/09/2025

Last Buyer's Agent

Ryan Backes

Backes Real Estate License #B56242 Listed on: 05/09/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,003

Year Built

  • Built in 1961

Lot Details

  • 1.06 Acre Lot
  • River Front
  • Hillside Location
  • Wooded Lot
  • Additional Parcels

Home Design

  • Concrete Foundation
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 792 Sq Ft Home
  • Water Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 3 Car Detached Garage
  • Workshop in Garage

Schools

  • Orange Elementary School
  • Bunger Middle School
  • East High School

Utilities

  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 881222276008

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,003

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Parcel Number: 881222276008
  • Year Built: 1961
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • ResoLotFeatures: Buildable, Hillside, River Front, Water View, Wooded
  • Lot Size Acres: 1.06
  • Road Frontage Type: Hard Surface Road
  • Road Surface Type: Gravel
  • Co List Office Phone: 319-226-3396
  • MLS Status: Closed
  • Reso Fireplace Features: None
  • Reso Roof: Shingle, Asphalt
  • TotalFinishedSquareFootage: 792
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Concrete
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • BelowGradeArea: 396

Exterior Features

  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: 3 or More Stalls, Detached Garage, Workshop in Garage

Utilities

  • Cooling: None
  • Heating: Natural Gas
  • Sewer: Septic Tank

Condo/Co-op/Association

  • Association Fee Frequency: N/A

Schools

  • Elementary School: Orange Elementary
  • High School: East High
  • Middle Or Junior School: Bunger

Lot Info

  • Zoning: R-1
  • Lot Dimensions: x
  • Lot Size Sq Ft: 46218
  • Additional Parcels: Yes

Tax Info

  • Tax Annual Amount: 2003

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2025 06/20/25 Sold $100,000 -9.1% $126 / Sq Ft
05/19/2025 05/19/25 Pending -- -- --
05/09/2025 05/09/25 For Sale $110,000 -- $139 / Sq Ft
Source: Northeast Iowa Regional Board 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
2025 $1,214 $100,510 $27,530 $72,980
2024 $1,214 $89,900 $23,600 $66,300
2023 $846 $89,900 $23,600 $66,300
2022 $834 $62,260 $19,670 $42,590
2021 $874 $62,260 $19,670 $42,590
2020 $876 $60,290 $17,700 $42,590
2019 $876 $60,290 $17,700 $42,590
2018 $898 $60,290 $17,700 $42,590
2017 $912 $60,290 $17,700 $42,590
2016 $904 $60,290 $17,700 $42,590
2015 $904 $60,290 $17,700 $42,590
2014 $920 $60,290 $17,700 $42,590
Source: Public Records

Agents Affiliated with this Home

  • Ryan Backes

    Seller's Agent in 2025

    Ryan Backes

    Backes Real Estate

    (319) 240-5039

    126 Total Sales

    Ryan Backes
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20252102

Northeast Iowa Regional Board of REALTORS®

APN: 8812-22-276-008

Iowa Black Hawk County Waterloo 50701

5324 Gilbertville Rd, Waterloo, IA

Sold

Detached

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