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Pending
  • $484,920

    State St, Ely, IA 52227

    --beds
    --baths
    --sqft
    : 
    Farm
    Built in ----
    40.41 Acres Lot
    $461,700 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.
    27 days
    |
    522
    |
    27
    |

    Zillow last checked: 8 hours ago

    Listing updated: December 29, 2025 at 01:32pm

    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

    Video & virtual tour

    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

    $461,700

    $439,000 - $485,000

    $1,140/mo

    Price history

    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

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $3,145/mo
    Principal & interest
    $2337
    Property taxes
    $638
    Home insurance
    $170

      Climate risks

      Neighborhood: 52227

      Nearby schools

      GreatSchools rating

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