490 Cherry Ave
Iowa City, IA 52240
3 bd 3 ba 1,831 sqft Built 2022 condos
Most recent sale
$348,000
Jun 13, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 31, 2023 | Sold | $350,000 | CedarRapids |
| Apr 25, 2023 | Price changed | $350,000 | IowaCity |
| Apr 10, 2023 | Listed | $355,000 | IowaCity |
| Jun 13, 2022 | Sold | $348,000 | MLS #202202119 |
| May 25, 2022 | Price changed | $341,000 | MLS #202202119 |
| May 2, 2022 | Price changed | $348,000 | MLS #202202119 |
| Apr 12, 2022 | Listed | $341,000 | MLS #202202119 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $283,560 | $31,490 | $315,050 | $6,292 |
| 2024 | $283,560 | $31,490 | $315,050 | $6,212 |
| 2023 | $302,280 | $27,990 | $330,270 | $1,590 |
Property facts
Year built
2022
Property type
condos
Stories
—
Beds
3
Baths
3
Living area
1,831 sqft
Lot size
—
ZIP code
52240
City
Iowa City
Street
Cherry Ave
Coordinates
41.63651, -91.52954
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,747
Gross rental yield
9.47%
Implied cap rate
6.16%
Trend-extrapolated value
—
Frequently asked questions
When did 490 Cherry Ave last sell?
490 Cherry Ave most recently sold on Jun 13, 2022 for $348,000.
What is the current tax assessment for 490 Cherry Ave?
The most recent total assessment for 490 Cherry Ave (year 2025) is $315,050 with $6,292 in property tax.
How does 490 Cherry Ave's assessment compare to its last sale price?
The current assessment is 9.5% below the last sale price of $348,000.
When was 490 Cherry Ave built?
490 Cherry Ave was built in 2022.
How does 490 Cherry Ave compare to others on Cherry Ave?
We track 8 other properties on Cherry Ave. Browse the list under "Other properties on Cherry Ave" to compare beds, baths, and sale history.
What are the property facts for 490 Cherry Ave?
490 Cherry Ave is a 3 bed, 3 bath, 1,831 sqft condos.
Is 490 Cherry Ave a flip candidate?
No — 490 Cherry Ave does not appear in our flips dataset.
Is 490 Cherry Ave a tax-appeal candidate?
No — 490 Cherry Ave is not currently flagged as a tax-appeal candidate.
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 Cherry Ave