518 Terrace Rd is a 1,188 square foot house on a 10,629 square foot lot with 4 bedrooms and 3 bathrooms. Based on Redfin's Iowa City data, we estimate the home's value is $274,870.
Single-familyProperty Type
1957Year Built
10,629 sq ftLot Size
$231Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$274,870
$2,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 11% lower than the average sale price ($309K) 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
$3,876 (−1.9%)
$65,280 + $178,110
$243,390
2024
$3,950 (+7.2%)
$65,280 + $178,110
$243,390
2023
$3,684 (+4.7%)
$57,600 + $169,840
$227,440
2022
$3,518 (−0.1%)
$57,600 + $169,840
$227,440
2021
$3,522 (+1.9%)
$49,920 + $128,890
$178,810
2020
$3,456 (+8.1%)
$46,080 + $125,380
$171,460
2019
$3,198 (+1.2%)
$46,080 + $125,380
$171,460
2018
$3,160 (+2.3%)
$42,240 + $111,880
$154,120
2017
$3,088 (+2.1%)
$42,240 + $111,880
$154,120
2016
$3,024 (+1.3%)
$42,240 + $111,880
$154,120
2015
$2,986 (+3.4%)
$34,560 + $114,460
$149,020
2014
$2,888 (+2.8%)
$34,560 + $112,190
$146,750
2013
$2,808
$34,560 + $112,190
$146,750
Tax history for 518 Terrace Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,876 (−1.9%)
$65,280 + $178,110
$243,390
2024
$3,950 (+7.2%)
$65,280 + $178,110
$243,390
2023
$3,684 (+4.7%)
$57,600 + $169,840
$227,440
2022
$3,518 (−0.1%)
$57,600 + $169,840
$227,440
2021
$3,522 (+1.9%)
$49,920 + $128,890
$178,810
2020
$3,456 (+8.1%)
$46,080 + $125,380
$171,460
2019
$3,198 (+1.2%)
$46,080 + $125,380
$171,460
2018
$3,160 (+2.3%)
$42,240 + $111,880
$154,120
2017
$3,088 (+2.1%)
$42,240 + $111,880
$154,120
2016
$3,024 (+1.3%)
$42,240 + $111,880
$154,120
2015
$2,986 (+3.4%)
$34,560 + $114,460
$149,020
2014
$2,888 (+2.8%)
$34,560 + $112,190
$146,750
2013
$2,808
$34,560 + $112,190
$146,750
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
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
Nov 1, 2023 • Final
Residential electrical - solar
Install solar panels on the roof of a residential building.
Electrical
Solar
Aug 21, 2023 • Final
Residential electrical - solar
Install a photovoltaic solar array system on a residential building.
Electrical
Solar
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Heating & Cooling
Heating Type: Forced Air Gas
Room Information
# of Rooms: 8
Exterior
Exterior Information
Foundation Type: Concrete
Exterior Wall: Wood
Roof Covering Type: Asphalt
Roof Shape Type: Asphalt
Building Type: Single Family
Property Information
Subdivision Name: COURT HILL ADD
Living Sq. Ft: 1,188
Building Sq. Ft: 1,188
# of Stories: 1
Stories Type: 1
Legal Description: COURT HILL ADDITION PART 2 REVISED LOT 118
Parking & Garage Information
Parking Type: Detached Frame Garage
Garage/Parking Sq. Ft: 576
Garage / Carport Type: Detached Frame
Lot Information
# of Buildings: 1
Land Sq. Ft: 10,629
Legal Lot Number: 118
Acres: 0.244
County Use Description: RESIDENTIAL
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 4
Baths: 3.0
Sq. Ft.: 1,188
Stories: 1.0
Lot Size: 10,629 square feet
Style: Single Family Residential
Year Built: 1957
Year Renovated: —
County: Johnson County
APN: 1013207010
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 • 0.7mi
4/10
Iowa City High School
Public 9-12 • Assigned • 0.6mi
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
$262,000 – $317,000
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