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    1st Add. Ely, IA 52227

    Pending
    For Sale
    $121,900

    Residential - IA

    Lot size:
    0.59 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 1st Add.

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R-1
    APN
    18322-26019-00000
    Lot size
    0.59 Acres

    Building Details

    Architectural style
    Other

    Gateway Access Realty (319) 665-4300 [email protected]

    Listing agent Karla Davis (319) 665-4300

    Listing date Nov 11, 2025

    MLS# 202505161 Listing URL

    Copyright © 2025 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot with Creek View

    This residential lot, situated in an established development, is suitable for building a single-family home. The property features a private backyard that includes a creek and large trees. Located in Ely, Iowa, the lot offers convenient access to Cedar Rapids and the Corridor. The lot size is 0.59 acres and is zoned R-1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Ely
    County
    Linn
    State
    Iowa
    Longitude
    -91.5753
    Latitude
    41.8937

    FAQs

    What type of property is this?
    Residential land & home lot - Large residential lot with creek and trees, ready to build.
    Where is this residential land & home lot located?
    The property is located at 1st Add. Ely, IA.
    What is the asking price?
    The asking price for this property is $121,900.
    What are key features of this property?
    This property features: - Large walkout lot suitable for building a single-family home.; - Private backyard with creek and large trees.; - Located in an established development.
    (319) 665-4300
    Request Owner's contact information
    1st Add. Ely, IA 52227
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1st Add. Ely, IA 52227
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