# 503 1st Avenue, Luther, IA 50152

> **TL;DR:** land, $119,900. Est. $520/mo. Listed 61 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $119,900 |
| Lot Size | 15,682 sqft (0.36 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 61 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $520 |
| **Total** | **$520** |

## Property Highlights

- 0.36 acre lot

## Description

### Agent Description
Pride reduced! Bring your vision for this fantastic, level .36 acre Central Iowa building lot with well-built, multi-use 1500 sq.ft. ranch style building. Plenty of room for a house or addition onto existing structure. Water, electric, and new septic system already set up. Rough-in inspections completed for building/plumbing/electric. Building constructed in 1997, newer metal roof & new interior frame walls. Spray foam insulation inside roof for energy efficiency. One block from the city park and an outstanding BBQ restaurant. Driveway installed and property address already established. Easy commute to DSM/WDM metro area, Ames, Boone, and Ankeny. Listing agent/owner is a licensed realtor in the State of Iowa.

## Location

- **Address:** 503 1st Avenue, Luther, IA 50152
- **County:** Boone
- **Coordinates:** 41.966321, -93.818123
- **Google Maps:** https://www.google.com/maps?q=41.966321,-93.818123

## Listing Agent

- **Name:** Allen Goben
- **Brokerage:** Stoney Oak Properties LLC
- **Phone:** 5154423586
- **Email:** goben12@msn.com

## Primary Photo

![503 1st Avenue - Primary Photo](http://lh.rdcpix.com/5fac14d30f7bc87c58ec43ddc140b3a6l-f3635085473r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.com/listing/503-1st-avenue-luther-ia-50152-6336869)*

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**MLS#:** 6336869 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/503-1st-avenue-luther-ia-50152-6336869)

---

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