228 Summit St
Iowa City, IA 52240
2 bd 1 ba 1,009 sqft Built 1916 condos
Most recent sale
$150,000
Aug 18, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 18, 2022 | Sold | $150,000 | MLS #202203458 |
| Jun 10, 2022 | Listed | $150,000 | MLS #202203458 |
| Jun 12, 2017 | Sold | $129,000 | Public Record |
| Mar 6, 2015 | Sold | $100,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $144,950 | $13,900 | $158,850 | $2,728 |
| 2024 | $144,950 | $13,900 | $158,850 | $2,694 |
| 2023 | $130,590 | $12,640 | $143,230 | $2,380 |
| 2022 | $97,200 | $12,640 | $109,840 | $2,274 |
| 2021 | $97,200 | $12,640 | $109,840 | $2,314 |
| 2020 | $95,680 | $11,380 | $107,060 | $2,272 |
| 2019 | $95,680 | $11,380 | $107,060 | $2,134 |
| 2018 | $87,680 | $9,480 | $97,160 | $2,112 |
| 2017 | $87,680 | $9,480 | $97,160 | $1,922 |
| 2016 | $89,690 | $9,480 | $99,170 | $1,878 |
| 2015 | $89,690 | $9,480 | $99,170 | $2,050 |
| 2014 | $87,170 | $7,580 | $94,750 | $1,986 |
| 2013 | $87,170 | $7,580 | $94,750 | $1,934 |
| 2012 | $87,170 | $7,580 | $94,750 | $1,900 |
| 2007 | $76,050 | $7,580 | $83,630 | $1,496 |
| 2005 | $76,050 | $7,580 | $83,630 | $1,350 |
Property facts
Year built
1916
Property type
condos
Stories
1
Beds
2
Baths
1
Living area
1,009 sqft
Lot size
—
ZIP code
52240
City
Iowa City
Street
Summit St
Coordinates
41.65821, -91.52089
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,514
Gross rental yield
12.11%
Implied cap rate
7.87%
Trend-extrapolated value
—
Frequently asked questions
When did 228 Summit St last sell?
228 Summit St most recently sold on Aug 18, 2022 for $150,000.
What is the current tax assessment for 228 Summit St?
The most recent total assessment for 228 Summit St (year 2025) is $158,850 with $2,728 in property tax.
How does 228 Summit St's assessment compare to its last sale price?
The current assessment is 5.9% above the last sale price of $150,000.
When was 228 Summit St built?
228 Summit St was built in 1916.
How does 228 Summit St compare to others on Summit St?
We track 8 other properties on Summit St. Browse the list under "Other properties on Summit St" to compare beds, baths, and sale history.
What are the property facts for 228 Summit St?
228 Summit St is a 2 bed, 1 bath, 1,009 sqft condos.
Is 228 Summit St a flip candidate?
No — 228 Summit St does not appear in our flips dataset.
Is 228 Summit St a tax-appeal candidate?
No — 228 Summit St 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 Summit St