At Lepic-Kroeger, REALTORS® (LKR), we are seeing an incredible Price Reductions in the Eastern Iowa housing market, marked by unbelievable home price reductions on stunning properties. For savvy buyers, this confluence of luxury listings and aggressive pricing translates directly into phenomenal value. If you’ve been waiting for the optimal time to invest in Iowa City, the moment has arrived.
We’ve selected three diverse and exceptional Iowa City properties, ranging from a luxurious urban condo to a sprawling historic estate and a modern family retreat, all offering fantastic value.
Spotlight Property 1: Downtown Luxury Condo with Unbeatable Amenities
332 S Linn St 405, Iowa City, IA 52240 (1 Bed, 1 Bath)
This top-floor, urban retreat offers true luxury living just steps from the city’s finest arts, shopping, and dining. Originally listed at $350,000, this modern gem is now available for $325,000.
This property has seen significant price improvements, including a recent $5,000 reduction from $330,000, translating to $25,000 in total savings from its original list price.
Key Features Making This Condo a Must-See Value:
- Spa-Inspired Bathroom: The centerpiece of the condo is the bathroom, featuring a Mr. Steam steam shower, complete with Bluetooth speakers, aromatherapy capabilities, a soothing rain shower, a handheld showerhead, and a dual vanity.
- High-End Finishes: The entire unit has been beautifully remodeled with thoughtful upgrades, including Dura Supreme soft-close cabinetry, quartz countertops, LVP flooring, sleek lighting, and modern trim and doors.
- Pro-Grade Kitchen: Enjoy cooking with pro-grade stainless steel appliances, including a 5-burner cooktop with a keep-warm zone and bridge capability, a French door fridge with water/ice dispenser, a wall oven/microwave combo, and a Zephyr vent hood.
- Investor Potential: Located in a secure building with elevator access and heated underground parking, the professionally managed HOA allows both short-term (AirBnB/VRBO) and long-term rentals.
- Agent Contact: Kim Schillig (LKR Listing Agent).
Spotlight Property 2: Historic Victorian Estate with Significant Price Drop
820 Kirkwood Ave, Iowa City, IA 52240 (4 Beds, 3 Baths)
This 1880 Victorian-era residence masterfully blends historic charm with contemporary comfort. The home boasts over 3,100 square feet of exquisite living space on a large lot of 0.71 acres.
The value here is immense, thanks to a recent price adjustment. The property is currently listed at $450,000, down from its previous price of $475,000, a $25,000 reduction. Furthermore, the original list price was $499,000, meaning buyers are now realizing a substantial $49,000 overall price reduction.
Highlights of This Historic Gem:
- Period Grandeur: Step inside a grand foyer featuring a curving staircase with an ornate balustrade, soaring ceilings, intricate wood trim, and period chandeliers.
- Impressive Entertaining Spaces: The formal living room includes arched bookshelves, a wood-burning fireplace, and a grand gilded mirror. The formal dining room features a bay wall and built-in storage. The home includes three total fireplaces.
- Modernized Kitchen: The recently remodeled gourmet kitchen provides a perfect blend of vintage and modern aesthetics, complete with distressed cream cabinetry and exposed ceiling beams.
- Outdoor Living: The property features exceptional outdoor spaces, including a screened porch and a large backyard patio, ideal for relaxing or hosting gatherings.
- Agent Contact: Julie Dancer & Verne Folkmann (LKR Listing Agents).
Spotlight Property 3: Modern Luxury on Camp Cardinal
846 Camp Cardinal Rd, Iowa City, IA 52246 (5 Beds, 3 Baths)
While this specific residence is a New Listing, its sophisticated design and high-end features deliver inherent value, positioned competitively with a price reductions at $629,900. Built in 2013, this home in the Cardinal Ridge subdivision offers luxurious comfort and modern design.
Features Demonstrating Incredible Value at This Price Point:
- Open and Refined Design: The architecture features tall ceilings, and cove and trey ceiling details, enhancing the sense of openness and refinement throughout.
- Gourmet Kitchen: The kitchen is a chef’s dream, equipped with commercial-grade Viking appliances, a double oven, and an exterior vent hood.
- Expansive Layout: This large home includes 5 bedrooms and 3 full baths. The lower level is finished and offers walk-out access, a large family room, and a full wet bar.
846 Camp Cardinal Rd - Luxurious Primary Suite: The primary suite is designed for relaxation, boasting a separate soaking tub, a large walk-in tiled shower, and elegant finishes.
- Parking & Outdoor Space: The property includes a 3-car garage and an expansive, oversized deck providing ample space for outdoor entertaining.
- Agent Contact: Adam Pretorius (LKR Listing Agent).
Why Now is the Great Time to Buy in Eastern Iowa
The current market dynamic, where unique and highly desirable properties are receiving major price reductions, creates a rare window of opportunity for buyers:
- Immediate Equity and Savings: The recent price changes, amounting to tens of thousands of dollars in some cases (up to $49,000 off the original list price for 820 Kirkwood Ave), represent immediate savings that reduce your total investment and potential mortgage principal.
- Access to Unique Inventory: These three properties represent the breadth and quality of Iowa City real estate—from historic estates to modern luxury condos that allow short-term rentals. Price reductions ensure these distinctive properties become even more accessible.
- LKR Expertise: Lepic-Kroeger, REALTORS® is licensed to sell real estate in the State of Iowa. Our experienced agents are ready to guide you through securing these exceptional deals.
Don’t let these opportunities pass you by! Contact Lepic-Kroeger, REALTORS® today at 319-351-8811 to schedule a private showing of these valuable Iowa City homes.