Great Flip House Opportunity! 1945 Bungalow in a great location on 7th Ave, Iowa City. Iowa City Assessor's site had it listed as 1364 SF finished before demo. 2 Car detached garage. Proprerty Sold As IS. Offers subject to appraisals will not be entertained.
Remarks: Accepted offer 7/11, Sellers accepting backup offers. Please allow 24 hours for seller response to any offers.
Year Built: 1945
Tax Year Report: 2022
Subdivision: RUNDELL ADDITION
Directions: 7th Ave, Iowa City
L O1 Dues Paid: y
L O2 Dues Paid: y
S O1 Dues Paid: y
Amenities: Sidewalks, Street Lights, Close to Shopping, Close to School
Basement Remarks: Full
Fireplace Type Location: None
Interior R: Other
Kitchen Breakfast R: None
Lot Description R: Less than .5 Acre
Possession R: Negotiable
Possible Finance R: Conventional
Stories Style R: Ranch
Remarks2: Great Flip House Opportunity! 1945 Bungalow in a great location on 7th Ave, Iowa City. Iowa City Assessor's site had it listed as 1364 SF finished before demo. 2 Car detached garage. Proprerty Sold As IS. Offers subject to appraisals will not be entertained.
Special Features: None
Property Sub Type: Detached
Interior Features
Appliances: None
Number Bedrooms Main: 3
Sq Ft Above: 1364
Total Full Baths: 1
Bedrooms: 3
Total Bathrooms: 1
Dining Room Level: Main
Kitchen Level: Main
Living Room Level: Main
Laundry Location: Basement
Mstr Br Level: Main
Number of Main Level Full Bathrooms: 1
Exterior Features
Construction: Frame
ExteriorFeatures: Deck, Porch
Garage/Parking
Parking Spaces: 2 Cars
Utilities
Internet: Yes
Water Sewer: City Sewer, City Water
Heating Cooling: Forced Air
Schools
Elementary School: Longfellow
Middle School: Southeast
High School: City
High School: City
Jr Middle School: Southeast
Elementary School: Longfellow
Lot Info
Acreage: 0.14
Geo Subdivision: IA
Lot Dimensions: 50 x 125
Zoning: Res
Tax Info
Gross Tax County City: 2924
Assessor Parcel Number: 1014283020
Ownership History
DateNameOwned ForOwner Type
Aug 2024 - PresentAscend Property Llc11 Months
Company
Purchase Details
Listed on
Jul 5, 2024
Closed on
Aug 19, 2024
Sold by
Perez Kevin and Perez Lisa
Bought by
Ascend Property Llc
Seller's Agent
Mark Paterno
Urban Acres Real Estate
Buyer's Agent
Audrey Lester
Skogman Realty Co.
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%
Views
146
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
198.64%
Original Mortgage
$280,000
Outstanding Balance
$277,478
Interest Rate
6.89%
Mortgage Type
Construction
Estimated Equity
$7,471
Aug 2023 - Aug 2024Perez Derek and Perez Kevin1 Year
Private Individual
Purchase Details
Listed on
Jul 17, 2023
Closed on
Aug 22, 2023
Sold by
Meb Reo Trust
Bought by
Perez Derek and Perez Kevin
Seller's Agent
Connie Larsen
RE/MAX Affiliates
Buyer's Agent
Adam Schweickert
Urban Acres Real Estate
List Price
$72,800
Sold Price
$90,000
Premium/Discount to List
$17,200
23.63%
Views
241
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.37%
Mar 2023 - Aug 2023Meb Reo Trust and Capital One Bank5 Months
Private Individual
Purchase Details
Closed on
Mar 7, 2023
Sold by
Sheriff Of Johnson County
Bought by
Meb Reo Trust and Capital One Bank
Dec 2008 - Mar 2023Vermace Randy and Vermace Marti14 Years and 3 Months
Private Individual
Purchase Details
Closed on
Dec 30, 2008
Sold by
Sugar Bottom Holdings Llc
Bought by
Vermace Randy and Vermace Marti
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
*Brand new A/C and furnace installed by Graber Heating & Air in June 2025.* 1 Bedroom, 1 Bathroom condo located in Iowa City. This west side, 2nd floor condo features a private deck that faces a small pond and walking trail. Coin operated washer & dryer in building. The condo has fresh paint throughout. This unit is conveniently located near the U of I Hospitals and Clinics, Dental & Law
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This two-bedroom, one bathroom unit is perfect for a homeowner or investor! All appliances + washer and dryer are included. One car garage with additional overflow parking. This unit is rented through July 28th with current monthly rent at $975/mo. with new owner to assume ownership of lease. HVAC serviced by Brandt Heating February 2025.
This two-bedroom, one bathroom unit is perfect for a homeowner or investor! All appliances + washer and dryer are included. One car garage with additional overflow parking. This unit is rented through July 28th with current monthly rent at $945/mo. with new owner to assume ownership of lease. HVAC serviced by Brandt Heating February 2025.
This two-bedroom, one bathroom unit is perfect for a homeowner or investor! All appliances + washer and dryer are included. One car garage with additional overflow parking. This unit is rented through July 28th with current monthly rent at $975/mo. with new owner to assume ownership of lease. HVAC serviced by Brandt Heating February 2025.
This two-bedroom, one bathroom unit is perfect for a homeowner or investor! All appliances + washer and dryer are included. One car garage with additional overflow parking. HVAC serviced by Brandt Heating February 2025. This unit is vacant and ready for showings!
This two bedroom/one bathroom unit has been well maintained and offers plenty of potential for a first time buyer or investor! Offers a one car detached garage and is located on a bus line for easy commuting. Unit is rented through 5/28/25 for $950 a month plus $35 a month for pet - tenant is open to renew should buyer be interested.
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Average Value
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List Price
Sold Price
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Tax AssessmentTax 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.
This home is located at 841 S 7th Ave, Iowa City, IA 52240 and is currently priced at $110,000, approximately $80 per square foot. This property was built in 1945. 841 S 7th Ave is a home located in Johnson County with nearby schools including Longfellow Elementary School, Southeast Junior High School, and City High School.
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Listing information is deemed reliable, but not guaranteed accurate by the MLS.
