$399,900
$40K PRICE DROP

20513 County Road G40 Letts, IA 52754

Estimated payment $2,250/month

Total Views 32,800
4 Beds
2 Baths
2,804 Sq Ft
$143 Price per Sq Ft

Highlights

  • Formal Dining Room
  • Fireplace
  • Family Room
  • Louisa-Muscatine Elementary School Rated 9+
  • Patio

About This Home

Beautiful 1912 farmhouse located outside of Letts Iowa Home is in the L&M school district and features 4 bedrooms and 2.5 baths. Huge windows most with original light. Woodwork throughout the home is amazing. Large barn is eligible for the Preservation Iowa barn grant to help retore it to original condition. This home has so much potential to be a showplace with outbuildings and a historic barn. With a reasonable, accepted offer the seller is willing to grant up to $15000 in allowances for roof and exterior updates (paint)

Listing Agent

Anna Mack-Smith

PEARL CITY IOWA REALTY License #B43527000 IA / 471.019149 Ill Listed on: 07/03/2025

PEARL CITY  IOWA REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1912

Parking

  • 2 Car Garage

Interior Spaces

  • 2,804 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Family Room
  • Formal Dining Room
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Drain

Additional Features

  • Patio
  • 5 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 0304405000

Home Details

Home Type

Single Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential
  • Items That Stay: Refrigerator, Stove
  • Miscellaneous: Hard Surface Street, SSC Provided
  • Total Number Floors: 2
  • Zoning: Residential
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Basement Type: Full
  • Basement Number Rooms: 2
  • First Floor Number Rooms: 6
  • First Floor Number Half Bathrooms: 1
  • Second Floor: Number Rooms: 4
  • Second Floor: Number Bedrooms: 4
  • Number of Second Full Bathrooms: 1
  • Sq Ft Basement: 1116.00
  • Sq Ft Level 1: 1688.00
  • Sq Ft Level 2: 1116.00
  • Total Above Grade Sq Ft: 2804.00
  • Basement YN: Yes

Exterior Features

  • Exterior: wood
  • House Color: light green

Garage/Parking

  • Garage Type: Detached
  • Garage Remarks: Barn is garage.
  • Garage Stall: 2.00

Utilities

  • Utilities Providers: Electric Water Heater, LP Gas
  • Utilities Providers Heat: Steam
  • Utilities Providers Septic: YES
  • Utilities Providers Water Heater: Electric
  • Utilities Providers Water Softener: Owned

Association/Amenities

  • Amenities: Basement Drain, Family Room, Formal Dining Room, Main Level Laundry
  • Fireplace: YES
  • Patio: YES

Schools

  • School District: L & M

Lot Info

  • Prop Grp ID: 19990816212109142258000000
  • Lot Acres: 5.00
  • Lot Size: 5 acres

Tax Info

  • Gross Taxes: 2048.00
  • Named Parcel Number: 0304405000

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $1,792 $186,180 $41,400 $144,780
2024 $2,048 $174,910 $41,400 $133,510
2023 $2,048 $203,420 $41,400 $162,020
2022 $2,012 $175,180 $41,400 $133,780
2021 $1,872 $175,180 $41,400 $133,780
2020 $1,872 $158,600 $41,400 $117,200
2019 $1,654 $158,600 $41,400 $117,200
2018 $1,626 $135,840 $41,400 $94,440
2017 $1,626 $161,760 $0 $0
2016 $2,114 $161,760 $38,760 $123,000
2015 $2,114 $161,760 $38,760 $123,000
2014 $2,076 $161,760 $38,760 $123,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2025 10/28/25 Price Changed $399,900 -9.0% $143 / Sq Ft
07/03/2025 07/03/25 For Sale $439,500 +183.5% $157 / Sq Ft
11/30/2012 11/30/12 Sold $155,000 -3.1% $55 / Sq Ft View Prior Sale
10/16/2012 10/16/12 Pending -- -- --
10/11/2012 10/11/12 For Sale $159,900 -- $57 / Sq Ft
Source: Muscatine Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Warranty Deed $231,750 None Available
Warranty Deed $147,500 None Available
Warranty Deed $119,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $139,500 New Conventional
Previous Owner $147,500 New Conventional
Previous Owner $119,100 New Conventional
Source: Public Records

About the Listing Agent

Anna Mack-Smith

PEARL CITY IOWA REALTY

(319) 820-4740

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I have been a resident of the Muscatine area since the early '70s. I have been in the Real Estate business since 2002 and am the broker owner of Pearl City (Muscatine) Iowa Realty and Tipton Iowa Realty. I love the real estate business and love making your dream of home ownership a reality.
I have been recently married, and have one son who is an attorney. My son is married to a teacher in the North Scott district and I have one grandson.

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Source: Muscatine Multiple Listing Service

MLS Number: 25-349

Muscatine Multiple Listing Service

APN: 03-04-405-000