721 7th Ave
Iowa City, IA 52240
2 bd 1 ba 720 sqft Built 1940 Lot 5,663 sqft single_family
Most recent sale
$100,000
Sep 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 19, 2022 | Sold | $100,000 | MLS #202204908 |
| Aug 29, 2022 | Listed | $100,000 | MLS #202204908 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $106,410 | $46,000 | $152,410 | $2,568 |
| 2024 | $106,410 | $46,000 | $152,410 | $2,532 |
| 2023 | $99,070 | $46,000 | $145,070 | $2,386 |
| 2022 | $78,680 | $43,700 | $122,380 | $2,278 |
| 2021 | $78,680 | $43,700 | $122,380 | $2,252 |
| 2020 | $74,650 | $41,400 | $116,050 | $2,206 |
| 2019 | $74,650 | $41,400 | $116,050 | $2,046 |
| 2018 | $68,060 | $36,800 | $104,860 | $2,018 |
| 2017 | $68,060 | $36,800 | $104,860 | $2,052 |
| 2016 | $68,290 | $36,800 | $105,090 | $2,118 |
| 2015 | $73,540 | $36,800 | $110,340 | $2,062 |
| 2014 | $70,520 | $36,800 | $107,320 | $1,992 |
| 2013 | $70,520 | $36,800 | $107,320 | $1,932 |
| 2012 | $70,520 | $36,800 | $107,320 | $1,928 |
| 2007 | $70,300 | $36,800 | $107,100 | $1,698 |
| 2005 | $70,300 | $36,800 | $107,100 | $1,440 |
Property facts
Year built
1940
Property type
single_family
Stories
—
Beds
2
Baths
1
Living area
720 sqft
Lot size
5,663 sqft
ZIP code
52240
City
Iowa City
Street
7th Ave
Coordinates
41.65307, -91.51191
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,080
Gross rental yield
12.96%
Implied cap rate
8.42%
Trend-extrapolated value
—
Frequently asked questions
When did 721 7th Ave last sell?
721 7th Ave most recently sold on Sep 19, 2022 for $100,000.
What is the current tax assessment for 721 7th Ave?
The most recent total assessment for 721 7th Ave (year 2025) is $152,410 with $2,568 in property tax.
How does 721 7th Ave's assessment compare to its last sale price?
The current assessment is 52.4% above the last sale price of $100,000.
When was 721 7th Ave built?
721 7th Ave was built in 1940.
How does 721 7th Ave compare to others on 7th Ave?
We track 8 other properties on 7th Ave. Browse the list under "Other properties on 7th Ave" to compare beds, baths, and sale history.
What are the property facts for 721 7th Ave?
721 7th Ave is a 2 bed, 1 bath, 720 sqft, 5,663 sqft lot single_family.
Is 721 7th Ave a flip candidate?
No — 721 7th Ave does not appear in our flips dataset.
Is 721 7th Ave a tax-appeal candidate?
Yes — 721 7th Ave appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.8%
Implied 1-yr
-15.0%
2026 Q3
$332.1K
2026 Q4
$315.6K
ZIP 52240 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 7th Ave