$145,000
$40K PRICE DROP

1605 S 18th St Centerville, IA 52544

Estimated payment $821/month

Total Views 8,490
3 Beds
3 Baths
1,280 Sq Ft
$113 Price per Sq Ft

About This Home

Unique Brick 1944 Bank Converted into Residential Home + Commercial Space! Don't miss this rare opportunity to own a piece of history with modern flexibility! This unique property has been thoughtfully converted into a spacious 1,280 SF residential home (with full basement, doubling the SF), with potential for commercial use — or both! As you enter the house, you'll immediately notice how quiet it is inside. Look up and you'll see original tin ceiling tiles (said to be hidden throughout the home under the drop ceiling). This home has 2 bedrooms plus a non-conforming 3rd bedroom, 1 full bath, and 2 half baths, and an eat-in kitchen with a stainless steel refrigerator and a gas stove. A converted tuck-under garage now serves as a recreation room and family room with its own private entrance, ideal for a business setup or separate living quarters. Additional features include: NEW Roof in August 2025 on both house and garages Newer covered back deck with built-in seating Newer windows Newer furnace and hot water heater Two oversized detached garages Multiple off-street parking spaces Shared south driveway Dual access from S 18th Street and Cottage Street. Zoned for flexibility and located on a high-traffic street, this property is ideal for a home-based business, boutique shop, office, or investment opportunity. Selling as-is, with any remaining furniture and personal items included. The solid bones are there! Just add your cosmetic upgrades to make this your own!

Listing Agent

Carie Leon

Iowa Realty South Lakes Brokerage Phone: 641-856-9350 Listed on: 10/02/2025

Iowa Realty South Lakes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $746

Year Built

  • Built in 1944

Parking

  • 3

Home Design

  • Brick Exterior Construction

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 45 x 140
  • Forced Air Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$746

Year Built

Built in 1944

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Year Built: 1944
  • Property Type: Residential
  • Co List Office Mls Id: NOC28698
  • Subdivision Name: ADAMSONS ADD
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Basement: Full
  • Half Bathrooms: 1
  • One Quarter Bathrooms: 1

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Parking Features: Detached Garage, Gravel

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Cooling: Central Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: SEIA

Lot Info

  • Lot Dimensions: 45 x 140
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $746 $33,340 $4,410 $28,930
2024 $746 $33,170 $3,310 $29,860
2023 $906 $33,170 $3,310 $29,860
2022 $858 $37,540 $2,210 $35,330
2021 $858 $36,350 $2,210 $34,140
2020 $822 $32,430 $1,760 $30,670
2019 $990 $36,420 $0 $0
2018 $1,250 $47,550 $0 $0
2017 $118,800 $44,520 $0 $0
2016 $1,190 $0 $0 $0
2015 $1,190 $45,560 $0 $0
2014 $1,206 $45,560 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2025 10/07/25 Price Changed $145,000 -21.6% $113 / Sq Ft
10/02/2025 10/02/25 For Sale $185,000 -- $145 / Sq Ft
Source: NoCoast MLS

About the Listing Agent

Carie Leon

Iowa Realty South Lakes

(641) 656-5670

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    Acreage Near Rathbun Lake – Minutes from Honey Creek State Park! If you’re looking for an acreage outside of a subdivision, on paved roads, and close to Rathbun Lake, this is the one! This 2,064 SF ranch home features a spacious open floor plan with two large bedrooms—both big enough to fit multiple beds—and two full bathrooms, making it perfect for hosting family and friends. Enjoy the

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Source: NoCoast MLS

MLS Number: NOC6332452

NoCoast MLS

APN: 341011001340000