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    4th Add. Ely, IA 52227

    For Sale
    $121,900

    Residential - IA

    Lot size:
    0.39 Acres
    Days on Market:
    42
    Last Refresh:
    Dec 7 at 9:06 am

    Property Features for 4th Add.

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1
    APN
    183222602000000
    Lot size
    0.39 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Karla Davis (319) 665-4300

    Listing date Oct 27, 2025

    MLS# 202505162 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 in Established Development

    This residential lot, zoned R-1, is situated in an established development and is suitable for building a single-family home. The property is a walkout lot featuring a private backyard that backs up to open space, a detention pond, and trees. Located in Ely, Linn County, Iowa, the 0.39-acre lot offers convenient access to Cedar Rapids and the Corridor.
    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 - Single-family walkout lot with private backyard in Ely, Iowa.
    Where is this residential land & home lot located?
    The property is located at 4th 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: - Walkout lot allows for easy access to the backyard and potential for a lower-level living space.; - Private backyard offers seclusion and tranquility.; - Backs to open space, detention pond, and trees, providing scenic views and a natural environment.
    (319) 665-4300
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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
    4th Add. Ely, IA 52227
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