For sale

Price cut: $5K (7/24)

$315,000

517 Terrace Rd, Iowa City, IA 52245

3beds

2,000sqft

$2,228/mo

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Single Family Residence, Residential

Built in 1958

9,147 Square Feet Lot

$313,300 Zestimate^®

$158/sqft

$-- HOA

What's special

Air-conditioned garageAll-new trim and doorsBeautifully refinished hardwood floorsNewer windowsSpacious jetted tub

This charming eastside Iowa City home is move-in ready and waiting for its next owners! Thoughtfully updated throughout, it features beautifully refinished hardwood floors, an updated kitchen with custom cabinetry and stainless steel appliances, newer windows, and all-new trim and doors. The furnace and A/C were replaced in 2026, providing added comfort and peace of mind. The recently finished basement offers new carpet, updated lighting, and a wet bar creating a comfortable additional living space. Unwind after a long day in the spacious jetted tub. Outdoor enthusiasts will appreciate the beautifully landscaped yard with mature trees, colorful perennial gardens, and a large garden shed for extra storage. The air-conditioned garage is perfect for staying cool while working on projects during the summer months. Don't miss your opportunity to own this beautifully updated home, schedule your showing today before it's gone!

22 days

2,558

168

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Bonus Room, Dining Room, Family Room, Living Room

Heating

Forced Air, Natural Gas

Cooling

Ceiling Fan(s), Central Air

Appliances

Included: Dishwasher, Plumbed For Ice Maker, Range Or Oven, Refrigerator
Laundry: In Basement, Laundry Room

Features

Wet Bar, Primary On Main Level
Flooring: Carpet, Wood, Tile
Basement: Full,Concrete,Sump Pump,Finished,Unfinished
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,000
Total interior livable area: 2,000 sqft
Finished area above ground: 1,300
Finished area below ground: 700

Property

Parking

Total spaces: 2
Parking features: Garage
Has garage: Yes

Features

Patio & porch: Patio
Fencing: Fenced

Lot

Size: 9,147 Square Feet
Dimensions: 80 x 126 x 63
Features: Less Than Half Acre

Details

Additional structures: Shed(s)
Parcel number: 1013226020
Zoning: Residential
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence, Residential

Materials

Partial Brick, Vinyl, Frame

Condition

Year built: 1958

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Close To School, Near Shopping, Near Public Transport, Park, Sidewalks, Street Lights
Subdivision: Court Hill Addition

HOA

Services included: None

Location

Region: Iowa City

Financial & listing details

Price per square foot: $158/sqft
Tax assessed value: $295,300
Annual tax amount: $5,270
Date on market: 7/15/2026
Listing terms: Cash,Conventional

Estimated market value

$313,300

$298,000 - $329,000

$2,104/mo

Price history

Date	Event	Price
7/24/2026	Price change	$315,000-1.6%$158/sqft
Source: Iowa City Area AOR #202604435 Report a problem
7/16/2026	Listed for sale	$320,000+69.3%$160/sqft
Source: Iowa City Area AOR #202604435 Report a problem
12/14/2010	Sold	$189,000$95/sqft
Source: Public Record Report a problem
10/21/2010	Listed for sale	$189,000$95/sqft
Source: IOWA REALTY #20106088 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,270 +1.3%	$295,300 +6.7%
2024	$5,204 +9.1%	$276,640
2023	$4,768 +4.7%	$276,640 +25.8%
2022	$4,556 -0.2%	$219,990
2021	$4,566 +1.8%	$219,990 +4.2%
2020	$4,484 +8.2%	$211,190
2019	$4,146	$211,190 +11.9%
2018	$4,146 +1.1%	$188,670
2017	$4,102 +4.6%	$188,670 +5.7%
2016	$3,922 +2%	$178,440
2015	$3,846 +5.3%	$178,440 +5.7%
2014	$3,652	$168,810
2012	--	$168,810
2011	--	$168,810 +11.5%
2009	--	$151,380
2008	--	$151,380 +27.7%
2005	$2,180 +2.5%	$118,520
2004	$2,126 +2.6%	$118,520 +1.9%
2003	$2,072 +4%	$116,270
2002	$1,992 +23%	$116,270 +16.6%
2001	$1,620	$99,700

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: Eastside

Getting around

56 / 100

Somewhat Walkable

28 / 100

Some Transit

82 / 100

Very Bikeable

Nearby schools

GreatSchools rating

3/10
Helen Lemme Elementary School
Grades: PK-5Distance: 0.7 mi
4/10
Southeast Junior High School
Grades: 6-8Distance: 0.7 mi
6/10
Iowa City High School
Grades: 9-12Distance: 0.5 mi

Schools provided by the listing agent

Elementary: Lemme
Middle: Southeast
High: City

Source: Iowa City Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.