Banner Valley Rd, Ely, IA 52227
Property image
Property image
OFF MARKET

$983,700

Trulia Estimate

    Banner Valley Rd, Ely, IA 52227

    Est. Refi. Payment $6,626/mo*
    Refinance Your Home
    Currently Off Market - Sold Jan 15, 2021 for $426,000

    Home Value

    Trulia Estimate
    $984K
    Since last month
    Decreased$24K (-2.4%)
    Since last year
    Increased$187K (+23.6%)
    Since last sale
    Increased$554K (+130.1%)
    Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

    Trulia Estimate

    The of this home's value increased by +35% in the last 10 years
    MonthEstimated value
    2026
    September 2026$980K
    August 2026$1M
    July 2026$962K
    June 2026$832K
    May 2026$954K
    April 2026$1.05M
    March 2026$1.18M
    February 2026$1.21M
    January 2026$1.07M
    2025

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    Ivanhoe Rd, Ely, IA
    0.77
    Single-Family Home
    $979,683
    06/18/26
    -
    -
    2037 Ivanhoe Rd, Ely, IA
    0.87
    Single-Family Home
    $840,317
    06/18/26
    3
    1
    1,680
    State St, Ely, IA
    1.32
    Single-Family Home
    $465,000
    03/26/26
    -
    -
    State St, Ely, IA
    1.45
    Single-Family Home
    $465,000
    03/03/26
    -
    -
    1665 Knoll Ct, Ely, IA
    1.08
    Single-Family Home
    $329,900
    05/07/26
    3
    3
    2,331
    1520 Ranmar Ct, Ely, IA
    1.18
    Single-Family Home
    $393,000
    07/31/26
    5
    3
    2,488
    3335 Sunflower St, Ely, IA
    1.12
    Single-Family Home
    $555,366
    03/30/26
    3
    2
    2,266
    1020 Linden Ln, Ely, IA
    1.20
    Single-Family Home
    $479,900
    05/01/26
    4
    3
    2,124
    1025 Linden Ln, Ely, IA
    1.17
    Single-Family Home
    $559,259
    05/29/26
    5
    3
    2,505
    3215 Sunflower St, Ely, IA
    1.21
    Single-Family Home
    $499,900
    05/15/26
    3
    2
    1,539

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    Lot 8 Buresh Ests #8, Ely, IA 52227
    0.01
    -
    -
    -
    -
    Off Market
    Palisades Access Rd, Ely, IA 52227
    0.00
    -
    -
    -
    -
    Off Market
    Ivanhoe Rd, Ely, IA 52227
    0.00
    -
    -
    -
    -
    Off Market
    Rogers Creek Rd, Ely, IA 52227
    0.00
    -
    -
    -
    -
    Off Market
    Ivanhoe Rd, Ely, IA 52227
    0.00
    -
    -
    -
    -
    Off Market
    Palisades Access Rd, Ely, IA 52227
    0.00
    $571,300
    Studio
    -
    -
    Off Market
    Poplar St, Ely, IA 52227
    0.00
    -
    -
    -
    -
    Off Market
    Palisades Access Rd, Ely, IA 52227
    0.00
    -
    -
    -
    -
    Off Market
    Palisades Access Rd, Ely, IA 52227
    0.00
    -
    -
    -
    -
    Off Market
    23 Deer Valley, Ely, IA 52227
    0.07
    $121,900
    -
    -
    -
    Recently Sold
    33 Deer Valley, Ely, IA 52227
    0.07
    $95,000
    -
    -
    -
    Recently Sold

    Local Information

    • Map ViewExplore the area around Banner Valley Rd.
    • Schools5 Preschool Schools6 Elementary Schools1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Home Highlights

    Single-Family Home
    60 acre lot

    About this House

    This is a nice Linn County farm located 1 mile East of Ely. 57.94 cropland acres with a 55.90 CSR2. This would make a good income- producing farm or a potential building site.
    Banner Valley Rd, Ely, IA 52227 is a single-family home. It last sold for $426,000 on Jan 15, 2021 (11% below the $480,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $983,700, with a rent estimate of $2,336/month.
    Last check for updates: about 2 hours ago
    Listed by Troy Louwagie, (319) 721-4068
    HERTZ REAL ESTATE SERVICE
    Bought with: Troy Louwagie, (319) 721-4068, HERTZ REAL ESTATE SERVICE
    Originating MLS: Cedar Rapids Area Association Of Realtors
    Source: CRAAR, CDRMLS, MLS#2006646

    Home Details for Banner Valley Rd

    Exterior Features

    Frontage
    Not on Waterfront

    Property Information

    Property Type / Style
    Property Type: FarmProperty Subtype: Farm
    Property Information
    Parcel Number: 182845100200000, 183312600100000

    Price & Status

    Price
    List Price: $480,000
    Status Change & Dates
    Off Market Date: Sat Oct 31 2020Possession Timing: Negotiable

    Active Status

    MLS Status: Closed

    Media

    Location

    Direction & Address
    City: Ely

    HOA

    Association for this Listing: Cedar Rapids Area Association Of Realtors

    Lot Information

    Lot Area: 60 Acres

    Offer

    Listing Terms: Conventional

    Miscellaneous

    Mls Number: 2006646Living Area Range Units: Square FeetAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-19113-N-182845100200000, 183312600100000-R-N

    Price and Tax history

    DateEventPrice
    Jan 15, 2021
    Source: CRAAR, CDRMLS #2006646
    		Sold
    $426,000

    Market trends in Ely

    Last updated August 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    8
    1    MoM

    Around this home

    What Locals Say about Ely

    At least 8 Trulia users voted on each feature.

    • 100 % Say parking is easy

    • 100 % Say there are sidewalks

    • 100 % Say car is needed

    • 94 % Say streets are well-lit

    • 92 % Say it's dog friendly

    • 90 % Say kids play outside

    • 90 % Say people would walk alone at night

    • 88 % Say there's holiday spirit

    • 80 % Say there are community events

    • 75 % Say it's walkable to restaurants

    • 73 % Say it's quiet

    • 73 % Say yards are well-kept

    • 67 % Say neighbors are friendly

    • 67 % Say they plan to stay for at least 5 years

    • 18 % Say there's wildlife

    Sourced by Trulia users. Learn more about our methodology.
    • Terra N.
      "I have lived here for 10 years and love it! People are very friendly and a great place to raise your kids!!!"
      1
      Flag
    • Robin N.
      "Within walking distance to the beautiful Hoover Bike trail. Small town living but easy access to Cedar Rapids or Iowa City. "
      0
      Flag

    LGBTQ Local Legal Protections

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    Frequently asked questions about Banner Valley Rd

    • What is Banner Valley Rd estimated to be worth?
      Trulia's estimated value for Banner Valley Rd in Ely, IA is $983,700.
    • What is the price history for Banner Valley Rd?
      Banner Valley Rd in Ely, IA last sold for $426,000 in January 2021.
    • Is Ely a buyer's or seller's market?
      Ely is currently a seller's market, based on recent for-sale activity.
    • What do residents say about Ely?
      Residents describe Ely, IA as easy to park in, pedestrian-friendly, and dog-friendly. See recently sold homes in Ely, IA.
    • How big is the lot at Banner Valley Rd?
      The lot at Banner Valley Rd in Ely, IA is about 60 acres.
    • Is there a virtual tour of Banner Valley Rd?
      Yes, a virtual tour of Banner Valley Rd in Ely, IA is available.

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