Every town has that ONE home—and in Waverly, this is it. Offered for the first time in over 30 years, this distinctive riverfront retreat includes two additional parcels totaling approximately 4.4 acres. Enjoy a private beach with a beautiful fire pit, a newer elevated deck overlooking the Cedar River, and a gorgeous sunroom with stunning views. Inside, mid-century built-ins add character, spacious bedrooms feature double closets, and the kitchen offers generous counter space, a pantry, and pullout storage. A metal roof and outbuildings with abundant storage complete the property. From fishing along the concrete riverwalk to relaxing by the water, this rare in-town acreage offers privacy, recreation, and easy access to Waverly’s trails and downtown.
For sale
$500,000
1607 Cedar Lane Rd, Waverly, IA 50677
3beds
1,898sqft
Single Family Residence
Built in 1960
4.69 Acres Lot
$469,200 Zestimate®
$263/sqft
$-- HOA
What's special
Outbuildings with abundant storagePullout storageMetal roofRiverfront retreatMid-century built-ins add character
- 1 day
- 795
- 59
Zillow last checked:
Listing updated:
Listed by:
Travis Ferguson 515-661-1202,
KW 1Advantage
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20265080
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Heating
- Natural Gas
Cooling
- Central Air
Features
- Basement: Finished
- Has fireplace: Yes
- Fireplace features: One
Interior area
- Total interior livable area: 1,898 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Detached Garage
- Carport spaces: 4
Lot
- Size: 4.69 Acres
- Dimensions: 1.55, 3, 0.14 acres
Details
- Has additional parcels: Yes
- Parcel number: 0535177002
- Zoning: A
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vertical Siding
- Roof: Steel
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Septic Tank
- Water: Private Well
Community & HOA
Location
- Region: Waverly
Financial & listing details
- Price per square foot: $263/sqft
- Tax assessed value: $73,160
- Annual tax amount: $3,372
- Date on market: 10/17/2026
- Cumulative days on market: 2 days
- Road surface type: Other
Estimated market value
$469,200
$446,000 - $493,000
$2,097/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2026 | Listed for sale | $500,000+400%$263/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20265080 Report a problem | ||
| 9/7/1993 | Sold | $100,000$53/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,258 +23.2% | $383,080 +2.4% |
| 2024 | $5,080 +7.6% | $373,960 +24.2% |
| 2023 | $4,722 +3.6% | $301,150 +19.6% |
| 2022 | $4,558 +5.4% | $251,890 |
| 2021 | $4,326 -0.4% | $251,890 +12.3% |
| 2020 | $4,345 +7% | $224,310 |
| 2019 | $4,060 -0.7% | $224,310 +4.3% |
| 2018 | $4,091 +7.2% | $215,120 -0.8% |
| 2017 | $3,816 -8.1% | $216,870 |
| 2016 | $4,152 | $216,870 +7% |
| 2015 | $4,152 +7.1% | $202,680 |
| 2014 | $3,876 +2.9% | $202,680 |
| 2013 | $3,766 +8.3% | -- |
| 2012 | $3,478 +1.6% | -- |
| 2011 | $3,424 +4.8% | -- |
| 2010 | $3,266 +1.4% | -- |
| 2009 | $3,222 +0.2% | -- |
| 2008 | $3,214 +8.1% | -- |
| 2007 | $2,974 +3.8% | -- |
| 2005 | $2,866 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 50677
Nearby schools
Schools provided by the listing agent
- Elementary: Waverly/Shell Rock
- Middle: Waverly/Shell Rock
- High: Waverly/Shell Rock
Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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