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For sale
  • Price cut: $7K (6/8)
    $315,000

    317 Terrace Lane Dr, Montezuma, IA 50171

    5beds
    2,016sqft
    : 
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    Single Family Residence
    Built in 1975
    3.56 Acres Lot
    $302,800 Zestimate®
    $156/sqft
    $-- HOA

    What's special

    Heated two-stall attached garageCovered deckEgress windowsOpen-concept layoutBeautiful green space viewsPark-like backyard
    Spacious Ranch on 3.5 Scenic Acres in Montezuma, 317 & 319 Terrace Ln Enjoy the perfect blend of comfort, space, and nature with this beautifully maintained ranch home situated on 3.5 sprawling acres in the heart of Montezuma, Iowa. With over 2,000 square feet of finished living space, this home offers an open-concept layout designed for both everyday living and entertaining. The main level features three bedrooms and one full bathroom, while the finished lower level adds two additional bedrooms with egress windows and ¾ bathroom, providing plenty of room for family, guests, or a home office setup. Recent improvements include a brand-new steel roof, all new carpet, new chest freezer in garage and a new refrigerator, giving buyers peace of mind and modern updates. Step outside and you’ll fall in love with the park-like backyard, a peaceful retreat where you can relax on the covered deck and enjoy the sights and sounds of nature. The property’s back acreage backs directly to West Side Park, offering added privacy and beautiful green space views. Need extra storage or workspace? The 30 x 23 pole barn is perfect for equipment, hobbies, or a workshop. The heated two-stall attached garage adds everyday convenience and is handicap accessible to the home, making this property both practical and accommodating. This rare in-town acreage property offers space, updates, and a serene setting — all in one incredible package.
    42 days
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    Zillow last checked:

    Listing updated:

    Listed by:

    Patricia O'Connell 319-775-7062,

    Realty87

    Source: CRAAR, CDRMLS,MLS#: 2603676MLS LogoOriginating MLS: Cedar Rapids Area Association Of Realtors

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Recreation
      Other
      • Level: First
      Heating
      • Forced Air, Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Washer
      Features
      • Breakfast Bar, Kitchen/Dining Combo, Bath in Primary Bedroom, Main Level Primary
      • Basement: Full,Concrete
      Interior area
      • Total interior livable area: 2,016 sqft
      • Finished area above ground: 1,152
      • Finished area below ground: 864

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Garage, Guest, Heated Garage, Garage Door Opener
      • Attached garage spaces: 2
      Features
      • Stories: 1
      • Patio & porch: Deck
      • Exterior features: Fence
      Lot
      • Size: 3.56 Acres
      • Dimensions: 155,099sf
      • Features: Acreage, City Lot
      Details
      • Additional structures: Outbuilding
      • Parcel number: 1457100 & 1458300

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Aluminum Siding, Frame
      • Foundation: Poured
      Condition
      • New construction: No
      • Year built: 1975

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Montezuma

      Financial & listing details

      • Price per square foot: $156/sqft
      • Tax assessed value: $267,630
      • Annual tax amount: $3,092
      • Date on market: 5/27/2026
      • Listing terms: Cash,Contract

        Estimated market value

        $302,800

        $288,000 - $318,000

        $1,712/mo

        Price history

        DateEventPrice
        6/8/2026Price change$315,000-2.2%$156/sqft
        Source: CRAAR, CDRMLS #2603676 Report a problem
        5/27/2026Listed for sale$322,000-2.1%$160/sqft
        Source: CRAAR, CDRMLS #2603676 Report a problem
        5/26/2026Listing removed$329,000$163/sqft
        Source: CRAAR, CDRMLS #2600650 Report a problem
        2/3/2026Listed for sale$329,000+13.4%$163/sqft
        Source: CRAAR, CDRMLS #2600650 Report a problem
        9/25/2024Sold$290,000-3%$144/sqft
        Source: CRAAR, CDRMLS #2406733 Report a problem
        9/6/2024Pending sale$299,000$148/sqft
        Source: NoCoast MLS as distributed by MLS GRID #6319835 Report a problem
        8/23/2024Contingent$299,000$148/sqft
        Source: NoCoast MLS as distributed by MLS GRID #6319835 Report a problem
        8/1/2024Listed for sale$299,000+32.9%$148/sqft
        Source: NoCoast MLS as distributed by MLS GRID #6319835 Report a problem
        3/31/2022Sold$225,000$112/sqft
        Source: EXIT Realty solds #6440223682615616655 Report a problem
        3/1/2022Pending sale$225,000$112/sqft
        Source: Exit Realty #6157243 Report a problem
        2/26/2022Listed for sale$225,000+62.5%$112/sqft
        Source: Exit Realty #6157243 Report a problem
        4/2/2014Sold$138,500+14.9%$69/sqft
        Source: NoCoast MLS as distributed by MLS GRID #5453027 Report a problem
        3/19/2010Sold$120,500$60/sqft
        Source: NoCoast MLS as distributed by MLS GRID #5464286 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,748 -5.2%$242,640 +22.8%
        2024$2,900 +13.1%$197,550
        2023$2,564 +2.4%$197,550 +35.5%
        2022$2,504 -0.3%$145,810
        2021$2,512 +31.8%$145,810 +6%
        2020$1,906 -3.1%$137,550 +25.5%
        2019$1,966 +1.4%$109,580
        2018$1,938 +3.6%$109,580
        2017$1,870 $109,580
        2016-- $109,580
        2015-- $109,580
        2014-- $109,580
        2013-- $109,580 -1.1%
        2012$1,556 +141.6%$110,800
        2010$644 -48.9%$110,800
        2007$1,260 --

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 50171

        Getting around

        23 / 100
        Car-Dependent
        13 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Montezuma
        • Middle: Montezuma
        • High: Montezuma

        Source: CRAAR, CDRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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