Escape to the quiet of the countryside while staying just minutes from the conveniences of town! Consisting of 3.99+/- acres, this versatile rural property sits approximately 10 +/- minutes from Riverside and only 20 +/- minutes from Iowa City, offering the perfect balance of access to nearby towns/cities and peaceful country living! As you pull into the property, you'll immediately be greeted by the wildlife that roam the surrounding woods and the wonderful setting the property provides. The primary feature of the property is the beautiful, red farmhouse! This 2 bedroom, 1 bathroom home has been updated over the years with newer flooring and fresh interior paint, creating a warm and inviting place to call home. Updated in 2025, there is a high-efficiency LP furnace, paired with a wood-burning heating system, offering an economical heating option during the winter months. One of the property's greatest assets is its exceptional collection of outbuildings. The detached two-stall garage is fully heated with in-floor heat, making it an ideal space for vehicles, or year-round workshop use. Just beyond the garage sits an approximately 30' x 40' shop featuring partial in-floor heat, providing abundant space for equipment, hobbies, woodworking, storage, or even a home business. Additional improvements include multiple wells, including a newer well servicing the home, along with updated septic and utility improvements completed in 2022 and 2021. The nearly 4+/- acres provide plenty of room to garden, raise a few animals, enjoy outdoor recreation, or simply relax and take in the peaceful rural surroundings. Properties offering this combination of country living, functional improvements, and close proximity to Iowa City are few and far between. If you are looking for a peaceful home with an even better location, this Riverside acreage is ready for its next owner to make it their own! All showings are by appointment only. Disclaimer: The boundary lines shown are approximate and are provided for general reference only. AHLC makes no representations or warranties, express or implied, as to the accuracy, completeness, or reliability of those property lines. Buyers are advised to obtain an independent survey to verify exact property boundaries.
Under contract
Price cut: $20K (8/10)
$399,999
3508 540th St SW, Riverside, IA 52327
2beds
1,220sqft
Single Family Residence
Built in ----
3.99 Acres Lot
$379,300 Zestimate®
$328/sqft
$-- HOA
What's special
Beautiful red farmhousePeaceful rural surroundingsNewer flooringFresh interior paintExceptional collection of outbuildingsHigh-efficiency lp furnaceWood-burning heating system
- 66 days
- 434
- 20
Zillow last checked:
Listing updated:
Listed by:
Wade Whiting 563-349-8229,
Arrowhead Land Company
Source: My State MLS,MLS#: 11873204
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Basement
- Area: 0
Heating
- Has Heating (Unspecified Type)
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,220
- Total interior livable area: 1,220 sqft
- Finished area above ground: 1,220
Property
Features
- Fencing: Fenced
- Waterfront features: Creek
Lot
- Size: 3.99 Acres
Details
- Additional structures: Shed(s), Barn(s), Workshop
- Parcel number: 1519451003
- Lease amount: $0
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 0
Utilities & green energy
- Electric: Amps(0)
Community & HOA
Community
- Subdivision: Hills
HOA
- Has HOA: No
Location
- Region: Riverside
Financial & listing details
- Price per square foot: $328/sqft
- Tax assessed value: $330,800
- Annual tax amount: $3,920
- Date on market: 7/7/2026
- Date available: 06/29/2026
- Listing agreement: Exclusive
Estimated market value
$379,300
$360,000 - $398,000
$1,314/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Contingent | $399,999$328/sqft |
Source: My State MLS #11873204 Report a problem | ||
| 8/10/2026 | Price change | $399,999-4.8%$328/sqft |
Source: My State MLS #11873204 Report a problem | ||
| 7/7/2026 | Listed for sale | $420,000-2.3%$344/sqft |
Source: My State MLS #11873204 Report a problem | ||
| 6/30/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/14/2026 | Listed for sale | $430,000+447.8%$352/sqft |
Source: Owner Report a problem | ||
| 12/3/2008 | Sold | $78,500$64/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,920 +1.1% | $330,800 +14% |
| 2024 | $3,879 +9.8% | $290,300 |
| 2023 | $3,534 +6.2% | $290,300 +25.9% |
| 2022 | $3,328 +3% | $230,500 -22.1% |
| 2021 | $3,230 +0.8% | $295,900 +2.8% |
| 2020 | $3,204 -26.4% | $287,800 -0.8% |
| 2019 | $4,354 | $290,100 -0.7% |
| 2018 | $4,354 +1.9% | $292,100 |
| 2017 | $4,272 +138.9% | $292,100 +125% |
| 2016 | $1,788 +4.7% | $129,800 |
| 2015 | $1,708 +3% | $129,800 +2.3% |
| 2014 | $1,658 | $126,900 +2.6% |
| 2012 | -- | $123,708 |
| 2011 | -- | -- |
| 2009 | -- | $109,300 -5.3% |
| 2008 | -- | $115,402 +5.9% |
| 2005 | $1,204 +10.3% | $108,998 +6.2% |
| 2004 | $1,092 | $102,598 |
Find assessor info on the county website
Monthly payment
Est. payment




