Sold
Last Sold Price
3 beds1,631 sqft
509 Terrace Road, Iowa City, IA 52245
Single FamilyProperty Type
0.25 acresLot Size
1958Year Built
$195/sq ftPrice per sq ft
1 carParking Spaces

Description

Welcome home to this charming, move in ready property in a great neighborhood. Offering over 1600 finished sq feet, this well maintained home offers a warm and inviting feel throughout. You'll love the many recent updates including fresh paint, beautifully refinished flooring, all new lighting throughout the home, updated lower level half bath plus a new refrigerator and washer. The outdoor space is amazing as well with a spacious fenced in yard and outdoor deck to entertain or simply relax. With...Welcome home to this charming, move in ready property in a great neighborhood. Offering over 1600 finished sq feet, this well maintained home offers a warm and inviting feel throughout. You'll love the many recent updates including fresh paint, beautifully refinished flooring, all new lighting throughout the home, updated lower level half bath plus a new refrigerator and washer. The outdoor space is amazing as well with a spacious fenced in yard and outdoor deck to entertain or simply relax. With its blend of character, updates, and great location, this home is ready for it's next owner to enjoy!
  • Listed by: Mike Bails 319.321.5500 bailsteam@urbanacres.com • Urban Acres Real Estate Corridor
Listing closed: 06/26/2026 12:00 AM • Source: Iowa City Area AOR, MLS#: 202603170

Location

Listing Courtesy of Urban Acres Real Estate Corridor

Sold By Blank & McCune Real Estate

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Payment Calculator

$1,987 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,643

Property Taxes

$343

HOA Dues

$0

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Property Information for 509 Terrace Road

Property Details
  • Taxes: $4,120 / year
  • MLS Type: Residential / Single Family Residence
  • Subdivision Name: Court Hill Addition
  • Zoning: Residential
Building Information
  • Year Built: 1958
  • Lot Size: 0.25 AC / 10,890 SF
Summary
Location and General Information
  • Carrier Route: C040
  • Directions: Take S First Ave, East on Court St, Right onto Terrace Rd. House is on the Right.
  • Latitude: 41.655042
  • Longitude: -91.497212
  • MLS Area Major: Iowa City
Taxes and HOA
  • Association Fee Frequency: Annually
  • Association: No
  • Parcel Number: 1013226017
  • Tax Annual Amount: $4,120.00
  • Tax Year: 2025
School Information
  • Elementary School: Lemme
  • High School: City
  • Middle Or Junior School: Southeast
Parking
  • Attached Garage: Yes
  • Parking Features: Parking Pad, Attached
  • Parking Total: 1.0
Property
Lot Information
  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Size Dimensions: 84x129
  • Lot Size Units: Acres
Property and Assessments
  • Above Grade Finished Area: 1006.0
  • Below Grade Finished Area: 625.0
  • Building Area Total: 1631.0
  • Building Area Units: Square Feet
  • Living Area: 1631.0
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1958
Building Features
  • Construction Materials: Wood Siding, Frame
Green Features
  • Green Indoor Air Quality: Contaminant Control
  • Green Verification: No
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Community Features: Sidewalks, Street Lights
  • Exterior Features: Garden
  • Fencing: Fenced
  • Patio And Porch Features: Deck
Interior Features
  • Appliances: Dishwasher, Microwave, Refrigerator, Dryer, Washer
  • Basement: Finished, Full
  • Has Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Has Heating: Yes
  • Flooring: Wood, Tile
  • Laundry Features: In Basement, Laundry Room
  • Has Spa: No

Property History for 509 Terrace Road

DateEvent & SourcePriceAppreciation
Jun 26, 2026

Sold

Iowa City Area AOR #202603170

$318,000
May 15, 2026

Contract Signed

Iowa City Area AOR #202603170

May 13, 2026

Listed (Active)

Iowa City Area AOR #202603170

$310,000
DateEvent & SourcePrice
06/26/2026

Sold

Iowa City Area AOR #202603170

$318,000
05/15/2026

Contract Signed

Iowa City Area AOR #202603170

05/13/2026

Listed (Active)

Iowa City Area AOR #202603170

$310,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 509 Terrace Road

This home is within Iowa City Community School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Helen Lemme Elementary School
PublicPK to 5

Southeast Junior High School
Public6 to 8

Iowa City High School
Public9 to 12

Elizabeth Tate Alt. High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 509 Terrace Road, Iowa City, IA 52245
$318,000
3
1,631
10,890
$342,000
4
2,208
9,147
$190,100
3
1,028
$166,000
3
1,008
10,454
$167,900
3
1,444
$205,000
4
2,215

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Urban Acres Real Estate Corridor

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Iowa City Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. The data is provided from an authorized source. Copyright © 2026 Iowa City Area Association of REALTORS®. All Rights Reserved.