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Pending
  • $484,920

    State St, Ely, IA 52227

    --beds
    --baths
    --sqft
    : 
    Farm
    Built in ----
    40.41 Acres Lot
    $465,700 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Riding arenaSeven standard stallsTwo bedroomsFenced paddocksRecently renovated caretaker quartersSpacious indoor riding arenaMultiple small paddock pastures
    With a prime location just off State St. in the City of Ely, this property features a riding arena, horse stalls, and multiple small paddock pastures, making it an excellent setup for a horse boarding facility. A well-appointed 60’ x 102’ pole barn, constructed around 1990, includes three lean-tos. The main level of the barn features a spacious indoor riding arena, seven standard stalls, and one oversized 10’ x 12’ stall. The heated portion of this level offers eight additional stalls, a tack room with its own bathroom, and a convenient wash rack. Upstairs, recently renovated caretaker quarters provide two bedrooms, a kitchen/living area, and a full bath. Two open-front horse shelters are found in the fenced paddocks. Hoosier Creek passes through the property. West of the creek is a mature stand of timber with a mixture of walnut, oak, hackberry and elm trees.
    138 days
    |
    8
    |
    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Troy Louwagie 319-721-4068,

    HERTZ REAL ESTATE SERVICE

    Source: CRAAR, CDRMLS,MLS#: 2509671MLS LogoOriginating MLS: Cedar Rapids Area Association Of Realtors

      Facts & features

      Interior

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      Property

      Lot
      • Size: 40.41 Acres
      • Dimensions: 40.41
      • Features: Gentle Sloping
      Details
      • Additional structures: Barn(s)
      • Parcel number: 183032700300000, 183032700500000
      • Zoning description: R-1

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Farm

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Electricity Available, Natural Gas Available

      Community & HOA

      Location
      • Region: Ely

      Financial & listing details

      • Annual tax amount: $1,354
      • Date on market: 12/3/2025
      • Electric utility on property: Yes

        Estimated market value

        $465,700

        $442,000 - $489,000

        $1,572/mo

        Price history

        DateEventPrice
        12/29/2025Pending sale$484,920
        Source: CRAAR, CDRMLS #2509671 Report a problem
        12/3/2025Listed for sale$484,920
        Source: CRAAR, CDRMLS #2509671 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment
        $2,989/mo
        Principal & interest
        $2367
        Property taxes
        $622
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          Climate risks

          Neighborhood: 52227

          Getting around

          16 / 100
          Car-Dependent
          49 / 100
          Somewhat Bikeable

          Nearby schools

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