For sale

Price cut: $15K (6/29)

$535,000

4983 Preston Ln, Iowa City, IA 52245

5beds

2,532sqft

$3,826/mo

Get pre-qualified

Single Family Residence

Built in 2017

0.4 Acres Lot

$528,900 Zestimate^®

$211/sqft

$8/mo HOA

What's special

West side Iowa City Ranch style home, offering over 2,500 sq ft of thoughtfully designed living space on a large corner lot, this home features an open-concept main level where the kitchen, dining area and great room seamlessly connect. The kitchen is highlighted by a center island with raised breakfast bar, while the great room offers a cozy gas fireplace. Just off the dining area, enjoy the screened-in porch and adjoining full deck, perfect for relaxing or entertaining. The spacious primary suite features a boxed ceiling with rope lighting, dual vanities, tiled shower and a large walk-in closet. The fully finished lower level includes an expansive 28’3” x 16’1” family room, providing plenty of additional living and gathering space.

99 days
253
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Rooms

Room types: Family Room, Laundry, Living Room, Recreation, Screened Porch

Other

Level: First

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Laundry: Main Level

Features

Breakfast Bar, Kitchen/Dining Combo, Bath in Primary Bedroom, Main Level Primary, Vaulted Ceiling(s)
Basement: Full,Concrete
Has fireplace: Yes
Fireplace features: Family Room, Gas, Living Room

Interior area

Total interior livable area: 2,532 sqft
Finished area above ground: 1,519
Finished area below ground: 1,013

Property

Parking

Total spaces: 3
Parking features: Attached, Garage, On Street, Garage Door Opener
Attached garage spaces: 3
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Deck

Lot

Size: 0.4 Acres
Dimensions: 17,424
Features: See Remarks

Details

Parcel number: 1112130001

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Frame, Stone, Vinyl Siding
Foundation: Poured

Condition

New construction: No
Year built: 2017

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: Yes
HOA fee: $100 annually

Location

Region: Iowa City

Financial & listing details

Price per square foot: $211/sqft
Tax assessed value: $504,460
Annual tax amount: $9,069
Date on market: 5/29/2026
Listing terms: Cash,Conventional

Estimated market value

$528,900

$502,000 - $555,000

$3,197/mo

Price history

Date	Event	Price
6/29/2026	Price change	$535,000-2.7%$211/sqft
Source: CRAAR, CDRMLS #2603896 Report a problem
6/3/2026	Listed for sale	$550,000+38.9%$217/sqft
Source: CRAAR, CDRMLS #2603896 Report a problem
7/13/2018	Sold	$395,900$156/sqft
Source: CRAAR, CDRMLS #1801256 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,874 -0.9%	$504,460 +6%
2024	$8,956 +4.8%	$476,110
2023	$8,549 +4.7%	$476,110 +20.7%
2022	$8,169 -1.2%	$394,440
2021	$8,272 +1.9%	$394,440 +0.8%
2020	$8,118 +36.6%	$391,210
2019	$5,944	$391,210 +44.6%
2018	$5,944 +2626.6%	$270,550 +2605.5%
2017	$218	$10,000