For sale

$550,000

532 Olive St, Iowa City, IA 52246

4beds

2,418sqft

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Single Family Residence, Residential

Built in 1952

0.33 Acres Lot

$536,000 Zestimate^®

$227/sqft

$-- HOA

What's special

Formal dining roomRec roomEpoxy floorsStorage throughoutBuilt-in workshop areaUpdated hall bathGreat natural light

Lovingly cared for ranch home in one of Iowa City's most convenient locations, minutes to UI Campus, UIHC, and Kinnick Stadium. Hardwood floors welcome you in the cozy living room, enjoy your formal dining room that leads right to an open kitchen with plenty of cabinet storage and great natural light. Large sunken family room with wood-burning stove offers great additional living space on the main. Main level also offers 3 bedrooms and an updated hall bath. Lower level adds a rec room, non-conforming 4th bedroom with its own ensuite bath, and a dedicated laundry room. Storage throughout is a standout. Outside, an oversized detached 2-car garage includes a built-in workshop area and epoxy floors; ideal for hobbies or extra storage. Active radon mitigation system is already in place. Full of character and charm throughout, this one has the layout and location you're looking for!

6 days

739

30

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Great Room, Recreation Room

Heating

Electric, Forced Air

Cooling

Ceiling Fan(s), Central Air, Wall/Window Unit(s)

Appliances

Included: Dishwasher, Dryer, Microwave, Range Or Oven, Refrigerator, Washer
Laundry: In Basement, Laundry Room

Features

High Ceilings, Family Room On Main Level, Primary On Main Level, Breakfast Area
Flooring: Carpet, Wood, LVP, Vinyl
Basement: Finished
Number of fireplaces: 1
Fireplace features: Wood Burning Stove, Family Room

Interior area

Total structure area: 2,418
Total interior livable area: 2,418 sqft
Finished area above ground: 1,868
Finished area below ground: 550

Property

Parking

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

Features

Patio & porch: Patio

Lot

Size: 0.33 Acres
Dimensions: 91 x 160
Features: Less Than Half Acre

Details

Parcel number: 1016181001
Zoning: Res
Special conditions: Standard

Construction

Type & style

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

Materials

Steel, Frame

Condition

Year built: 1952

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Green energy

Indoor air quality: Active Radon

Community & HOA

Community

Features: Close To School, Near Shopping, Street Lights
Subdivision: Sperry's Subdivision

HOA

Services included: None

Location

Region: Iowa City

Financial & listing details

Price per square foot: $227/sqft
Tax assessed value: $407,090
Annual tax amount: $7,034
Date on market: 7/9/2026
Listing terms: Cash,Conventional

Estimated market value

$536,000

$509,000 - $563,000

$2,145/mo

Price history

Date	Event	Price
7/9/2026	Listed for sale	$550,000$227/sqft
Source: Iowa City Area AOR #202604267 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,840 -1.5%	$407,090 +10.2%
2024	$6,947 +8.1%	$369,300
2023	$6,428 +4.7%	$369,300 +24.5%
2022	$6,142 +2.7%	$296,590
2021	$5,978 +1.9%	$296,590 +4%
2020	$5,864 +4%	$285,050
2019	$5,638	$285,050 +7.5%
2018	$5,638 +1.1%	$265,120
2017	$5,574 +5.9%	$265,120 +6.9%
2016	$5,264 +2.1%	$247,970
2015	$5,156 +7.5%	$247,970 +7.6%
2014	$4,796	$230,450 +2.7%
2012	--	$224,420
2011	--	$224,420 -0.1%
2009	--	$224,680
2008	--	$224,680 +24%
2005	$3,188 +2.7%	$181,140
2004	$3,104 +2.8%	$181,140 +9.3%
2003	$3,018 +3.9%	$165,720
2002	$2,906 +37.2%	$165,720 +34.3%
2001	$2,118	$123,390

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: Melrose

Getting around

59 / 100

Somewhat Walkable

46 / 100

Some Transit

85 / 100

Very Bikeable

Nearby schools

GreatSchools rating

8/10
Lincoln Elementary School
Grades: PK-5Distance: 1.1 mi
5/10
Southeast Junior High School
Grades: 6-8Distance: 2.3 mi
7/10
Iowa City High School
Grades: 9-12Distance: 2 mi

Schools provided by the listing agent

Elementary: Lincoln
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.