500 Terrace Rd is a 1,456 square foot multi-family home on a 9,453 square foot lot with 4 bedrooms and 3 bathrooms. Based on Redfin's Iowa City data, we estimate the home's value is $242,843.
Multi-familyProperty Type
1961Year Built
9,453 sq ftLot Size
$167Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$242,843
$5,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 21.3% lower than the average sale price ($308K) of 6 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$4,072 (+1.2%)
$62,910 + $166,110
$229,020
2024
$4,022 (+7.3%)
$62,910 + $166,110
$229,020
2023
$3,748 (+4.7%)
$55,510 + $158,270
$213,780
2022
$3,580 (−0.1%)
$55,510 + $158,270
$213,780
2021
$3,584 (+6.2%)
$48,110 + $124,800
$172,910
2020
$3,374 (+8.0%)
$44,410 + $121,340
$165,750
2019
$3,124 (+1.0%)
$44,410 + $121,340
$165,750
2018
$3,092 (+2.0%)
$40,710 + $101,500
$142,210
2017
$3,030 (+2.0%)
$40,710 + $101,500
$142,210
2016
$2,972 (+3.2%)
$40,710 + $101,500
$142,210
2015
$2,880 (+3.2%)
$33,310 + $104,570
$137,880
2014
$2,790 (+2.7%)
$33,310 + $99,810
$133,120
2013
$2,716
$33,310 + $99,810
$133,120
Tax history for 500 Terrace Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,072 (+1.2%)
$62,910 + $166,110
$229,020
2024
$4,022 (+7.3%)
$62,910 + $166,110
$229,020
2023
$3,748 (+4.7%)
$55,510 + $158,270
$213,780
2022
$3,580 (−0.1%)
$55,510 + $158,270
$213,780
2021
$3,584 (+6.2%)
$48,110 + $124,800
$172,910
2020
$3,374 (+8.0%)
$44,410 + $121,340
$165,750
2019
$3,124 (+1.0%)
$44,410 + $121,340
$165,750
2018
$3,092 (+2.0%)
$40,710 + $101,500
$142,210
2017
$3,030 (+2.0%)
$40,710 + $101,500
$142,210
2016
$2,972 (+3.2%)
$40,710 + $101,500
$142,210
2015
$2,880 (+3.2%)
$33,310 + $104,570
$137,880
2014
$2,790 (+2.7%)
$33,310 + $99,810
$133,120
2013
$2,716
$33,310 + $99,810
$133,120
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
RS5
Low Density Single-Family Residential Zone
The low density single-family residential zone RS-5 is primarily intended to provide housing opportunities for individual households. The regulations are intended to create, maintain, and promote livable neighborhoods. The regulations allow for some flexibility of dwelling types to provide housing opportunities for a variety of household types. This zone also allows for some nonresidential uses that contribute to the livability of residential neighborhoods, such as parks, schools, religious institutions, and daycare facilities. Related nonresidential uses and structures should be planned and designed to be compatible with the character, scale, and pattern of the residential development.
Permitted uses
Include but are not limited to:
Housing-Single unit
Property details
Interior
Heating & Cooling
Heating Type: Forced Air Gas
Room Information
# of Rooms: 8
Exterior
Exterior Information
Foundation Type: Concrete Block
Exterior Wall: Wood
Roof Covering Type: Asphalt
Roof Shape Type: Asphalt
Building Type: Two Family
Property Information
Subdivision Name: COURT HILL ADD
Living Sq. Ft: 1,456
Building Sq. Ft: 1,456
# of Stories: 1
Stories Type: 1
Legal Description: COURT HILL ADDITION PART 2 REVISED LOT 114
Lot Information
# of Buildings: 1
Land Sq. Ft: 9,453
Legal Lot Number: 114
Acres: 0.217
County Use Description: RESIDENTIAL
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 4
Baths: 3.0
Sq. Ft.: 1,456
Stories: 1.0
Lot Size: 9,453 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1961
Year Renovated: —
County: Johnson County
APN: 1013207002
Home facts updated by county records on Jul 15, 2026
Around this home
Schools
Helen Lemme Elementary School
Public PreK-5 • Assigned • 0.7mi
3/10
Southeast Junior High School
Public 6-8 • Assigned • 0.8mi
4/10
Iowa City High School
Public 9-12 • Assigned • 0.5mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 105° expected this year, 16 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Iowa City, IA • 52245
Average low and high temperatures (°F)
29
13
38
20
57
35
64
45
73
52
82
64
85
69
82
64
80
58
69
48
50
35
35
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.9 hours in
June and 4 hours in December, which is comparable to the
U.S. average for solar exposure.
9.9 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$231,000 – $280,000
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