1020 Terrace Ct, Van Meter, IA 50261 Property Records

Madison County property record for 1020 Terrace Ct, Van Meter, IA 50261

Property Summary

Property Type	Single Family Home
Details	4 bd · 5 ba · 1,925 sqft · built 2018
Lot Size	3.52 acres (153,331 sqft)
Owner	2 Individual Names on File
Tax Bill	$7,248 (2025)
Deeds & Mortgages	Sep 2019 Refinance May 2020 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`040010500100000`

Property Details

APN / Parcel Number

Primary APN	`040010500100000`

Interior

Bedrooms	4 Beds
Full Baths	5 Baths
Half Baths	4 Half Baths
Total Rooms	6 Rooms
Stories	1 Story
Building Area	1,925 sqft Living Area
1st Floor Area	1,917 sqft
Basement Area	1,917 sqft
Finished Basement	156 sqft
Unfinished Basement	1,761 sqft
Flooring	Carpet
Interior Walls	Wallboard/Drywall
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2018
Effective Year Built	Effective 2018
Construction Type	Frame
Roof Type	Hip
Roof Material	Asphalt
Lot Area	153,331 sqft (3.52 acres)
Garage Type	Attached
Garage Area	770 sqft
Parking Spaces	3 Parking Spaces
Porch	Slab
Porch Area	78 sqft
Deck Area	204 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	1020 TERRACE CT
City	VAN METER
State	IA
Zip	50261-8025
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LOT 10 3.52ABLUEBIRD ESTATES SEC 5 & 6
Legal Range	26W
Legal Township	77N
Legal Section	06
Legal Subdivision	BLUEBIRD ESTATES
Legal Lot Number	10
Jurisdiction	MADISON IA
Township / Civil Division	LEE
Census Block Group	2
Census Block	2009
Census Tract	60101

Owner

1020 Terrace Ct is owned and occupied by two individuals.

Source: Madison County records, as of May 27, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	2 Individual Names on File
Mailing Address	1020 TERRACE CT, VAN METER, IA 50261-8025
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Sep 18, 2019	Deed of Trust, Mortgage · Stand-Alone Refinance LUANA SAVINGS BANK
May 21, 2020	Deed of Trust, Mortgage · Conventional Mortgage LUANNA SAVINGS BANK
May 13, 2019	Deed of Trust, Mortgage · Stand-Alone Refinance LUANA SAVINGS BANK

Assessor's Deed Record

Deed Names	2 Names on Deed
Record Updated	Sep 20, 2026

September 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MADISON IA
Property Address	1020 TERRACE CT, VAN METER, IA 50261-8025
Transaction Type	Mortgage
Record Updated	Apr 13, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2019/2985
Date	Sep 18, 2019
Book Page	2019/2985
Instrument	2985

Lender

Name	LUANA SAVINGS BANK

Agreement

Type	Stand-Alone Refinance
Amount	Amount on Record
Term	361 Months
Due	Oct 1, 2049

May 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MADISON IA
Property Address	1020 TERRACE CT, VAN METER, IA 50261-8025
Transaction Type	Mortgage
Record Updated	Apr 13, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2020/1772
Date	May 21, 2020
Book Page	2020/1772
Instrument	2020 1772

Lender

Name	LUANNA SAVINGS BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	348 Months
Due	Jun 1, 2049

Interest

Rate Type	Fixed Rate

May 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MADISON IA
Property Address	1020 TERRACE CT, VAN METER, IA 50261-8025
Transaction Type	Mortgage
Record Updated	Apr 13, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2019/1332
Date	May 13, 2019
Book Page	2019/1332
Instrument	1332

Lender

Name	LUANA SAVINGS BANK

Agreement

Type	Stand-Alone Refinance
Amount	Amount on Record
Term	361 Months
Due	Jun 1, 2049

Tax Assessment & Valuation

The 2025 property tax bill for 1020 Terrace Ct was $7,248 with a homeowner's exemption.

Source: Madison County assessment roll, as of October 20, 2025

Property Jurisdictions

Type	Name
State	Iowa
County	Madison County
Unified School District	Van Meter Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$7,248.00 Homeowner's exemption	$564,700 Land $126,200 Building $438,500	$564,700 Land $126,200 Building $438,500
2024	$7,248.00
2023		$531,000 Land $126,200 Building $404,800	$531,000 Land $126,200 Building $404,800
2022	$7,848.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 1020 Terrace Ct in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective June 21, 2017

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Wildfire risk around 1020 Terrace Ct is moderate, ranking above 43% of the US, with a 0.06% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Moderate above 43% of the US · above 74% of Iowa
Wildfire Likelihood	0.06% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 19 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
CenturyLink Fiber	1,000 / 1,000
Starlink Satellite	280 / 30

May also be available: Verizon.

Cell Coverage

5G (outdoors only) and 4G LTE

Nearby Properties on Terrace Ct

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