Incredible Riverfront Opportunity in Gilbertville! This unique offering includes three parcels totaling 1.06 acres, perched on a high bank overlooking the scenic Cedar River. Located on Gilbertville Road, the property provides a rare chance to own a beautiful riverfront setting with expansive views. The existing home on site is in poor condition and will require a full renovation or removal to make way for new construction. A 1,040 sq ft, three-stall shop is also included. While the shop needs work, it holds great potential to be restored and serve as a valuable addition to the property. Ideal as a potential building site, this property includes a well (unused for many years) and may have a septic system—though there are no records or known location of the tank. This is an as-is sale. Surrounded by well-maintained homes and with a setting that’s hard to beat, this property presents a rare and exciting opportunity to create something special.
Sold for $100,000
$100,000
5324 Gilbertville Rd, Waterloo, IA 50701
2beds
792sqft
Single Family Residence
Built in 1961
1.06 Acres Lot
$98,900 Zestimate®
$126/sqft
$990 Estimated rent
Home value
$98,900
$88,000 - $112,000
$990/mo
Zestimate® history
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$990/mo
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$539/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: July 15, 2025 at 04:03am
Listed by:
Ryan Backes 319-240-5039,
Backes Real Estate
Bought with:
Ryan Backes, B56242
Backes Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20252102
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Natural Gas
Cooling
- None
Features
- Basement: Block,Concrete
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 792 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Stalls, Detached Garage, Workshop in Garage
- Carport spaces: 3
Features
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: River Front
Lot
- Size: 1.06 Acres
- Features: Buildable, Hillside, Wooded
Details
- Has additional parcels: Yes
- Parcel number: 881222276008
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Shingle,Asphalt
Condition
- Year built: 1961
Utilities & green energy
- Sewer: Septic Tank
- Water: Private Well
Community & neighborhood
Location
- Region: Waterloo
Other
Other facts
- Road surface type: Gravel, Hard Surface Road
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2025 | Sold | $100,000-9.1%$126/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20252102 Report a problem | ||
| 5/19/2025 | Pending sale | $110,000$139/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252102 Report a problem | ||
| 5/9/2025 | Listed for sale | $110,000+1000%$139/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252102 Report a problem | ||
| 3/30/1994 | Sold | $10,000$13/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,068 +26.1% | $89,900 |
| 2023 | $847 +1.7% | $89,900 +44.4% |
| 2022 | $833 -4.7% | $62,260 |
Find assessor info on the county website
Neighborhood: 50701
Nearby schools
GreatSchools rating
- 8/10Orange Elementary SchoolGrades: PK-5Distance: 6.8 mi
- 3/10Bunger Middle SchoolGrades: 6-8Distance: 4.3 mi
- 2/10East High SchoolGrades: 9-12Distance: 7.7 mi
Schools provided by the listing agent
- Elementary: Orange Elementary
- Middle: Bunger
- High: East High
Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Iowa
- Black Hawk County
- Waterloo
- 50701
- 5324 Gilbertville Rd