State St, Ely, IA 52227
Property image
Property image
SOLD
MAR 26, 2026

State St
Ely, IA 52227

    $465,000

    Last Sold: Mar 26, 2026
    4% below list $485K
    Est. Refi. Payment $2,432/mo*

    $465,000

    Last Sold: Mar 26, 2026
    4% below list $485K
    Est. Refi. Payment $2,432/mo*
    (on 40.41 acres)

    Local Information

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

    Home Highlights

    Property Type
    Single-Family Home
    Lot Size
    40.41 acres

    About this House

    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.
    State St, Ely, IA 52227 is a single-family home. It last sold for $465,000 on Mar 26, 2026 (4% below the $484,920 asking price). It is currently off market. The Trulia Estimate is $472,600, with a rent estimate of $1,565/month.

    Home Details for State St

    Interior Features

    Appliances & Utilities
    Utilities: Electricity Available, Natural Gas Available
    Gas & Electric
    Has Electric on Property

    Exterior Features

    Exterior Home Features
    Other Structures: Barn(s)
    Frontage
    Not on Waterfront
    Water & Sewer
    Sewer: Public Sewer

    Property Information

    Property Type / Style
    Property Type: FarmProperty Subtype: Farm
    Property Information
    Parcel Number: 183032700300000, 183032700500000

    Price & Status

    Price
    List Price: $484,920
    Status Change & Dates
    Off Market Date: Mon Dec 29 2025Possession Timing: Negotiable

    Active Status

    MLS Status: Closed

    Location

    Direction & Address
    City: Ely

    HOA

    Association for this Listing: Cedar Rapids Area Association Of Realtors

    Lot Information

    Lot Area: 40.41 Acres

    Miscellaneous

    Mls Number: 2509671Living Area Range Units: Square FeetAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-19113-N-183032700300000, 183032700500000-R-N

    Additional Information

    Days On Market Replication: 26
    Last check for updates: about 9 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#2509671

    Price History for State St

    DatePriceEventSource
    03/26/2026$465,000Sold
    CRAAR, CDRMLS #2509671
    12/29/2025$484,920PendingCRAAR, CDRMLS #2509671
    12/03/2025$484,920Listed For SaleCRAAR, CDRMLS #2509671

    Market trends in Ely

    Last updated June 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    Sale-to-List Price
    Price per sq ft
    Available listings
    8
    2
    MoM
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    Comparable Sales for State St

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    0.15
    Single-Family Home
    $465,000
    03/03/26
    -
    -
    0.42
    Single-Family Home
    $291,000
    06/22/26
    3
    2
    1,806
    0.57
    Single-Family Home
    $300,000
    07/24/26
    3
    2
    1,487
    0.73
    Single-Family Home
    $393,000
    07/31/26
    5
    3
    2,488
    0.70
    Single-Family Home
    $329,900
    05/07/26
    3
    3
    2,331
    0.67
    Single-Family Home
    $240,000
    04/06/26
    3
    2
    1,697
    0.70
    Single-Family Home
    $250,000
    07/08/26
    4
    2
    1,713
    0.77
    Single-Family Home
    $310,000
    09/30/25
    4
    2
    1,969

    Nearby homes

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    Assigned Schools

    These are the assigned schools for State St.
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    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!!!"
    • Robin N.
      "Within walking distance to the beautiful Hoover Bike trail. Small town living but easy access to Cedar Rapids or Iowa City. "

    LGBTQ Local Legal Protections

    Apartments for Rent

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    Homes for sale near State St

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    Off Market Homes Near State St

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    Frequently asked questions about State St

    • What is State St estimated to be worth?
      Trulia's estimated value for State St in Ely, IA is $472,600.
    • What is the price history for State St?
      State St in Ely, IA last sold for $465,000 in March 2026.
    • 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 State St?
      The lot at State St in Ely, IA is about 40.4 acres.
    • Is there a virtual tour of State St?
      Yes, a virtual tour of State St in Ely, IA is available.
    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.