Peaceful rural acreage with room to spread out, located just outside the Iowa City/Riverside area. This 3.9-acre property offers a mix of open space, functional outbuildings, and country privacy while still being within reasonable distance to town, schools, and daily conveniences.
The property includes an older farmhouse with numerous updates over the years, including newer flooring and interior paint completed around the time of purchase. Heating includes a high-efficiency LP furnace along with a wood-burning system for additional comfort and flexibility during Iowa winters.
A major highlight of the property is the detached heated 2-stall garage with in-floor heat, along with a large approximately 30x40 outbuilding/shop featuring partial in-floor heat and additional storage/workspace. Great setup for hobbies, equipment, projects, or small business use.
Property features multiple wells, including a newer house well, along with updated septic and utility improvements reported within the last several years.
If you’re looking for space, privacy, functional buildings, and country living with potential to make it your own, this property offers a rare opportunity in a desirable rural setting.
Features include:
3.9 acres
Detached heated 2-stall garage with in-floor heat
Approx. 30x40 shop/outbuilding
High-efficiency LP furnace + wood-burning heat
Multiple wells on property
Newer flooring and interior paint
Rural setting with room for equipment, hobbies, or recreation
Convenient access to Iowa City/Riverside area
Selling as-is.
For sale by owner
$430,000
3508 540th St SW, Riverside, IA 52327
2beds
1,220sqft
Est.:
SingleFamily
Built in 1900
4 Acres Lot
$397,800 Zestimate®
$352/sqft
$-- HOA
What's special
High-efficiency lp furnaceMultiple wells on propertyWood-burning heat
What the owner loves about this home
What we’ve loved most about this property is the space, privacy, and flexibility it provides. The acreage offers a peaceful rural setting with room to spread out, enjoy nature, work on projects, and simply slow life down a bit.
The heated garage and large shop/outbuilding have been incredibly useful for storage, hobbies, equipment, and workspace year-round. There’s a balance here between practical functionality and quiet country living that’s hard to find.
We’ve also appreciated being close enough to town for convenience while still enjoying the privacy and openness that come with acreage living. Whether sitting outside on quiet evenings, enjoying the changing seasons, or having room for kids, pets, and gatherings, this property has offered a lifestyle that feels increasingly rare.
- 2 hours |
- 60 |
- 4 |
Listed by:
Property Owner (563) 203-0685
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced air, Stove, Gas, Other, Geothermal, Wood / Pellet
Cooling
- Wall
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator
Features
- Flooring: Tile, Carpet, Linoleum / Vinyl
- Basement: Unfinished
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,220 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage - Attached, Garage - Detached
Features
- Exterior features: Other, Vinyl
Lot
- Size: 4 Acres
Details
- Parcel number: 1519451003
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conventional
Materials
- Frame
- Foundation: Concrete
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1900
Community & HOA
Location
- Region: Riverside
Financial & listing details
- Price per square foot: $352/sqft
- Tax assessed value: $330,800
- Annual tax amount: $3,920
- Date on market: 5/14/2026
Estimated market value
$397,800
$330,000 - $465,000
$1,236/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/14/2026 | Listed for sale | $430,000+447.8%$352/sqft |
Source: Owner Report a problem | ||
| 12/3/2008 | Sold | $78,500$64/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,920 +1.1% | $330,800 +14% |
| 2024 | $3,879 +9.8% | $290,300 |
| 2023 | $3,534 +6.2% | $290,300 +25.9% |
| 2022 | $3,328 +3% | $230,500 -22.1% |
| 2021 | $3,230 +0.8% | $295,900 +2.8% |
| 2020 | $3,204 -26.4% | $287,800 -0.8% |
| 2019 | $4,354 | $290,100 -0.7% |
| 2018 | $4,354 +1.9% | $292,100 |
| 2017 | $4,272 +138.9% | $292,100 +125% |
| 2016 | $1,788 +4.7% | $129,800 |
| 2015 | $1,708 +3% | $129,800 +2.3% |
| 2014 | $1,658 | $126,900 +2.6% |
| 2012 | -- | $123,708 |
| 2011 | -- | -- |
| 2009 | -- | $109,300 -5.3% |
| 2008 | -- | $115,402 +5.9% |
| 2005 | $1,204 +10.3% | $108,998 +6.2% |
| 2004 | $1,092 | $102,598 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 52327
Nearby schools
GreatSchools rating
- 5/10Alexander ElementaryGrades: PK-6Distance: 6.9 mi
- 5/10Northwest Junior High SchoolGrades: 7-8Distance: 9.8 mi
- 7/10West Senior High SchoolGrades: 9-12Distance: 7.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Iowa
- Johnson County
- Riverside
- 52327
- 3508 540th St SW




