505 Terrace Rd
Iowa City, IA 52245
4 bd 3 ba 2,208 sqft Built 1958 Lot 9,148 sqft single_family
Most recent sale
$342,000
May 2, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 2, 2022 | Sold | $342,000 | MLS #202201467 |
| Mar 16, 2022 | Listed | $309,000 | MLS #202201467 |
| May 14, 2018 | Sold | $259,000 | Public Record |
| Jan 4, 2017 | Sold | $169,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $286,750 | $60,720 | $347,470 | $6,010 |
| 2024 | $286,750 | $60,720 | $347,470 | $5,930 |
| 2023 | $272,120 | $53,580 | $325,700 | $5,516 |
| 2022 | $216,930 | $46,440 | $263,370 | $5,268 |
| 2021 | $216,930 | $46,440 | $263,370 | $5,234 |
| 2020 | $207,810 | $42,860 | $250,670 | $5,104 |
| 2019 | $206,340 | $42,860 | $249,200 | $5,222 |
| 2018 | $198,380 | $39,290 | $237,670 | $3,884 |
| 2017 | $139,420 | $39,290 | $178,710 | $3,516 |
| 2016 | $139,570 | $32,150 | $171,720 | $3,442 |
| 2015 | $139,570 | $32,150 | $171,720 | $3,364 |
| 2014 | $135,430 | $32,150 | $167,580 | $3,254 |
| 2013 | $135,430 | $32,150 | $167,580 | $3,160 |
| 2012 | $135,430 | $32,150 | $167,580 | $3,136 |
| 2007 | $136,370 | $32,150 | $168,520 | $2,796 |
| 2005 | $136,370 | $32,150 | $168,520 | $2,440 |
| 2004 | — | — | $150,970 | $2,196 |
Property facts
Year built
1958
Property type
single_family
Stories
—
Beds
4
Baths
3
Living area
2,208 sqft
Lot size
9,148 sqft
ZIP code
52245
City
Iowa City
Street
Terrace Rd
Coordinates
41.65526, -91.49723
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
$3,312
Gross rental yield
11.62%
Implied cap rate
7.55%
Trend-extrapolated value
—
Frequently asked questions
When did 505 Terrace Rd last sell?
505 Terrace Rd most recently sold on May 2, 2022 for $342,000.
What is the current tax assessment for 505 Terrace Rd?
The most recent total assessment for 505 Terrace Rd (year 2025) is $347,470 with $6,010 in property tax.
How does 505 Terrace Rd's assessment compare to its last sale price?
The current assessment is 1.6% above the last sale price of $342,000.
When was 505 Terrace Rd built?
505 Terrace Rd was built in 1958.
How does 505 Terrace Rd compare to others on Terrace Rd?
We track 7 other properties on Terrace Rd. Browse the list under "Other properties on Terrace Rd" to compare beds, baths, and sale history.
What are the property facts for 505 Terrace Rd?
505 Terrace Rd is a 4 bed, 3 bath, 2,208 sqft, 9,148 sqft lot single_family.
Is 505 Terrace Rd a flip candidate?
No — 505 Terrace Rd does not appear in our flips dataset.
Is 505 Terrace Rd a tax-appeal candidate?
No — 505 Terrace Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.5%
Implied 1-yr
+10.1%
2026 Q3
$466.5K
2026 Q4
$476.6K
ZIP 52245 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Terrace Rd