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2502 Highway 1 SW Iowa City, IA 52240 Land - Farm Active

New - 5 Hours Ago
  • 2502 Highway 1 SW , Iowa City, IA 52240 Main Photo

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Description

Property features a one-story frame home built in 1975 with 1,624 SF of finished living space on the main level, including three bedrooms, one full bath, and one half bath. An additional half bath is located in the 1,344 SF unfinished basement. The home sits on a poured concrete foundation and includes an attached 676 SF garage. Outbuildings include a 56' x 72' steel utility building (1970), 39' x 39' steel utility building (1920), and a 14' x 56' lean-to added in 2018. Additional improvements include a 16' x 18' milk house (1975) and a 27' diameter grain bin (~8,986 bu.). Primary well is south of the home; secondary well in milk house is nonfunctional. Septic system located north of garage. LP tank included. Access easement provides access to farmland to the north. Property sells 'as is.

Property Highlights

Property Type: Land - Farm
Total Acres: 50.85 Acres
Utilities: Propane

General Information

County: Johnson
Listed By:
HERTZ REAL ESTATE SERVICE 319-895-8858 Rebecca Frantz
Cedar Rapids MLS
$1,300,000
Est. $8,507/mo
New to the Market Active
LOT SIZE 50.850 acres MLS#2602203
STATUSActive PROPERTY TYPELand - Farm

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Ruhl&Ruhl Realtors
563.441.1776

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2502 Highway 1 SW , Iowa City, IA 52240.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,300,000$1,300,000$1,300,000
Down Payment $45,500$0$260,000
Monthly Mortgage Amount $7,756$8,069$6,319
Taxes $1809$1809$1809
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $780$0$0
Monthly Estimated Total $10,724$10,257$8,507

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