$395,000
$30K PRICE DROP

Estimated payment $2,763/month

Total Views 28,348
5 Beds
3 Baths
2,198 Sq Ft
$180 Price per Sq Ft

Highlights

  • Separate Formal Living Room
  • Formal Dining Room
  • Laundry Room
  • City High School Rated A-
  • Porch
  • Entrance Foyer

About This Home

Investor Alert! Completely Remodeled Top To Bottom Rental House! Great University of Iowa Location! Walk to Everything Downtown Iowa City! Currently Rented Until July 23, 2026. Rent $3750 Per Month 8/1/2025! This Property Has A Rooming House Rental Permit. Current Tenants Rent Property Collectively As A House. Tenants Pay All Utilities. Tenants Responsible for Snow & Lawncare. Driveway Shared With Neighboring Property 903 E Burlington Street Which Is Also For Sale Now. 24 Hour Notice To Show Tenants Rights. Property Being Sold "As Is". New Kitchen, New Appliances, New Quartz Countertops New Electrical, New Plumbing, New Flooring, New Windows! Owner is an Iowa Real Estate Broker

Listing Agent

Tracy Barkalow

Barkalow & Associates, Realtors Listed on: 03/24/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,980

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 38 x 52
  • Level Lot

Home Design

  • Frame Construction

Interior Spaces

  • 2,198 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Separate Formal Living Room
  • Formal Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • Primary Bedroom Upstairs

Laundry

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

Outdoor Features

  • Porch

Schools

  • Longfellow Elementary School
  • Southeast Middle School

Utilities

  • Central Air
  • Internet Available
  • Cable TV Available

Community Details

  • Iowa City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1010487005

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,980

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 2198
  • Homebuilder: Unknown
  • Owner Name L F Mi: TSB Holdings LLC
  • Ownership Type: Single Family
  • Photo Code: Complete
  • Remarks: Sale Subject to Seller Completing 1031 Tax Deferred Exchange. Replacement Property Already Identified. Ideally Seller Would Prefer to Sell Both 903 & 905 E Burlington Street at Same Time. Showings 24 Hour Notice To Show Tenants Rights
  • Year Built: 1910
  • Tax Year Report: 2023
  • Subdivision: IOWA CITY (ORIGINAL TOWN)
  • Directions: Located at the Corner of Burlington Street and North Dodge Street Downtown Iowa City
  • Amenities: Sidewalks, Street Lights
  • Basement Remarks: Full
  • Fireplace Type Location: None
  • Interior R: Cable Available, Foyer-Entrance
  • Kitchen Breakfast R: None
  • Lot Description R: Less than .5 Acre, Level
  • Possession R: Immediate, Negotiable, At Closing
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 2 Story
  • Remarks2: Investor Alert! Completely Remodeled Top To Bottom Rental House! Great University of Iowa Location! Walk to Everything Downtown Iowa City! Currently Rented Until July 23, 2026. Rent $3750 Per Month 8/1/2025! This Property Has A Rooming House Rental Permit. Current Tenants Rent Property Collectively As A House. Tenants Pay All Utilities. Tenants Responsible for Snow & Lawncare. Driveway Shared With Neighboring Property 903 E Burlington Street Which Is Also For Sale Now. 24 Hour Notice To Show Tenants Rights. Property Being Sold "As Is". New Kitchen, New Appliances, New Quartz Countertops New Electrical, New Plumbing, New Flooring, New Windows! Owner is an Iowa Real Estate Broker
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, Dryer, Washer
  • Number Bedrooms Lower: 1
  • Number Bedrooms Upper: 4
  • Sq Ft Above: 2198
  • Total Full Baths: 3
  • Bedrooms: 5
  • Total Bathrooms: 3
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Laundry Location: Laundry Room, 1st Floor
  • Mstr Br Level: Upper
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Porch

Garage/Parking

  • Parking Spaces: None

Utilities

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

Schools

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

Lot Info

  • Acreage: 0
  • Geo Subdivision: IA
  • Lot Dimensions: 38 x 52
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 6980
  • Assessor Parcel Number: 1010487005

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,980 $371,100 $52,500 $318,600
2023 $6,622 $371,100 $52,500 $318,600
2022 $6,328 $305,510 $47,500 $258,010
2021 $6,350 $305,510 $47,500 $258,010
2020 $6,350 $293,660 $45,000 $248,660
2019 $5,990 $293,660 $45,000 $248,660
2018 $5,990 $272,620 $40,000 $232,620
2017 $5,464 $272,620 $40,000 $232,620
2016 $5,358 $248,540 $40,000 $208,540
2015 $5,358 $248,540 $40,000 $208,540
2014 $4,404 $203,640 $40,000 $163,640
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2025 03/24/25 Price Changed $395,000 -7.1% $180 / Sq Ft
03/24/2025 03/24/25 For Sale $425,000 +7.6% $193 / Sq Ft
03/24/2025 03/24/25 For Sale $395,000 -- $180 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $279,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $163,000 New Conventional
Closed $223,200 Future Advance Clause Open End Mortgage
Previous Owner $168,000 Future Advance Clause Open End Mortgage
Source: Public Records

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Source: Iowa City Area Association of REALTORS®

MLS Number: 202501904

Iowa City Area Association of REALTORS®

APN: 1010487005