diff --git a/src/include/OpenImageIO/imagebuf.h b/src/include/OpenImageIO/imagebuf.h
index ab4e1b4283..03d9b86d2f 100644
--- a/src/include/OpenImageIO/imagebuf.h
+++ b/src/include/OpenImageIO/imagebuf.h
@@ -1324,6 +1324,8 @@ class OIIO_API ImageBuf {
             return m_ib->deep_value_uint(m_x, m_y, m_z, c, s);
         }
 
+        bool localpixels() const { return m_localpixels; }
+
         // Did we encounter an error while we iterated?
         bool has_error() const { return m_readerror; }
 
@@ -1369,6 +1371,7 @@ class OIIO_API ImageBuf {
             OIIO_DASSERT(m_exists && m_valid);   // precondition
             OIIO_DASSERT(valid(m_x, m_y, m_z));  // should be true by definition
             if (m_localpixels) {
+                OIIO_DASSERT(m_proxydata != nullptr);
                 m_proxydata += m_pixel_stride;
                 if (OIIO_UNLIKELY(m_x >= m_img_xend))
                     pos_xincr_local_past_end();
diff --git a/src/libOpenImageIO/imagebuf.cpp b/src/libOpenImageIO/imagebuf.cpp
index 800a0a4045..ec227bfd2c 100644
--- a/src/libOpenImageIO/imagebuf.cpp
+++ b/src/libOpenImageIO/imagebuf.cpp
@@ -3110,17 +3110,17 @@ ImageBuf::IteratorBase::init_ib(WrapMode wrap, bool write)
     if (!m_localpixels && write) {
         const_cast<ImageBuf*>(m_ib)->make_writable(true);
         OIIO_DASSERT(m_ib->storage() != IMAGECACHE);
-        m_tile      = nullptr;
-        m_proxydata = nullptr;
-    }
-    m_img_xbegin = spec.x;
-    m_img_xend   = spec.x + spec.width;
-    m_img_ybegin = spec.y;
-    m_img_yend   = spec.y + spec.height;
-    m_img_zbegin = spec.z;
-    m_img_zend   = spec.z + spec.depth;
-    m_nchannels  = spec.nchannels;
-    //            m_tilewidth = spec.tile_width;
+        m_tile        = nullptr;
+        m_proxydata   = nullptr;
+        m_localpixels = !m_deep;
+    }
+    m_img_xbegin   = spec.x;
+    m_img_xend     = spec.x + spec.width;
+    m_img_ybegin   = spec.y;
+    m_img_yend     = spec.y + spec.height;
+    m_img_zbegin   = spec.z;
+    m_img_zend     = spec.z + spec.depth;
+    m_nchannels    = spec.nchannels;
     m_pixel_stride = m_ib->pixel_stride();
     m_x            = 1 << 31;
     m_y            = 1 << 31;
diff --git a/src/libOpenImageIO/imagebuf_test.cpp b/src/libOpenImageIO/imagebuf_test.cpp
index 69bdcdefe1..6a9de04506 100644
--- a/src/libOpenImageIO/imagebuf_test.cpp
+++ b/src/libOpenImageIO/imagebuf_test.cpp
@@ -511,6 +511,35 @@ test_uncaught_error()
 
 
 
+void
+test_mutable_iterator_with_imagecache()
+{
+    // Make 4x4 1-channel float source image, value 0.5, write it.
+    char srcfilename[] = "tmp_f1.exr";
+    ImageSpec fsize1(4, 4, 1, TypeFloat);
+    ImageBuf src(fsize1);
+    ImageBufAlgo::fill(src, 0.5f);
+    src.write(srcfilename);
+
+    ImageBuf buf(srcfilename, 0, 0, ImageCache::create());
+    // Using the cache, it should look tiled
+    OIIO_CHECK_EQUAL(buf.spec().tile_width, buf.spec().width);
+
+    // Make a mutable iterator, even though it's an image file reference.
+    // Merely establishing the iterator ought to read the file and make the
+    // buffer writeable.
+    ImageBuf::Iterator<float> it(buf);
+    OIIO_CHECK_EQUAL(buf.spec().tile_width, 0);  // should look untiled
+    OIIO_CHECK_ASSERT(buf.localpixels());        // should look local
+    for (; !it.done(); ++it)
+        it[0] = 1.0f;
+
+    ImageCache::create()->invalidate(ustring(srcfilename));
+    Filesystem::remove(srcfilename);
+}
+
+
+
 int
 main(int /*argc*/, char* /*argv*/[])
 {
@@ -533,6 +562,7 @@ main(int /*argc*/, char* /*argv*/[])
                                                        "periodic");
     iterator_wrap_test<ImageBuf::ConstIterator<float>>(ImageBuf::WrapMirror,
                                                        "mirror");
+    test_mutable_iterator_with_imagecache();
 
     ImageBuf_test_appbuffer();
     ImageBuf_test_appbuffer_strided();