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2502 Highway 1 SW Iowa City, IA 52240 • Land - Farm • Active

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Description

Property features a one-story frame home built in 1975 with 1,624 SF of finished living space on the main level, including three bedrooms, one full bath, and one half bath. An additional half bath is located in the 1,344 SF unfinished basement. The home sits on a poured concrete foundation and includes an attached 676 SF garage. Outbuildings include a 56' x 72' steel utility building (1970), 39' x 39' steel utility building (1920), and a 14' x 56' lean-to added in 2018. Additional improvements include a 16' x 18' milk house (1975) and a 27' diameter grain bin (~8,986 bu.). Primary well is south of the home; secondary well in milk house is nonfunctional. Septic system located north of garage. LP tank included. Access easement provides access to farmland to the north. Property sells 'as is.

Property Highlights

Property Type: Land - Farm
Total Acres: 50.85 Acres
Utilities: Propane

General Information

County: Johnson
Listed By:
HERTZ REAL ESTATE SERVICE 319-895-8858 Rebecca Frantz
Cedar Rapids MLS
$1,300,000
Est. $8,507/mo
New to the Market Active
LOT SIZE 50.850 acres MLS#2602203
STATUSActive PROPERTY TYPELand - Farm
TOUR PROPERTY

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Shown By

Agent Name: Doug Himmelman
 Agent Phone: (563) 271-1325
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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2502 Highway 1 SW , Iowa City, IA 52240.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,300,000$1,300,000$1,300,000
Down Payment $45,500$0$260,000
Monthly Mortgage Amount $7,756$8,069$6,319
Taxes $1809$1809$1809
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $780$0$0
Monthly Estimated Total $10,724$10,257$8,507

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/06/2026. The listing information on this page last changed on 04/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 04/06/2026 8:53:16 AM EST) or MRED MLS (last updated Mon 04/06/2026 8:49:03 AM EST) or SCWMLS (last updated Mon 04/06/2026 8:50:50 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 04/05/2026 10:15:20 PM EST) or Cedar Rapids MLS (last updated Mon 04/06/2026 8:49:12 AM EST) or NEIRBR MLS (last updated Mon 04/06/2026 8:48:53 AM EST) or ICAAR MLS (last updated Mon 04/06/2026 8:32:18 AM EST) or ECIMLS (last updated Mon 04/06/2026 8:32:52 AM EST) or RMLSA (last updated Mon 04/06/2026 8:50:56 AM EST) or Muscatine MLS (last updated Mon 04/06/2026 8:38:33 AM EST) or No Coast MLS (last updated Mon 04/06/2026 8:44:18 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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