P
Seller's Agent in 2026
Penny Sharp
Sunrise Realty
(641) 895-2789
55 Total Sales
404 Main St Rathbun, IA 52544
3
Beds
3
Baths
1,540
Sq Ft
0.71
Acres Lot
Highlights
- Mud Room
- Laundry Room
- Forced Air Heating System
About This Home
As of March 2026This new listing is a lake lover's dream property! This nice 3-bedroom home is in the quaint, small town of Rathbun that Iowa's Ocean was named for. The well-maintained home is located on a hard surface road less than 2 miles from the dam, and then only a short drive to boat docks, beaches, restaurants, and all of the amenities that this beautiful lake has to offer. A 30 by 40-foot garage offers optimal space for all of your boating and camping toys. The Cub Cadet XT2 mower in the garage is included with the property and will be so handy with this spacious yard. The home has new wood-look vinyl plank flooring throughout the open floor plan. A sunroom sits just off of the living room and is separated by a sliding glass door, allowing extra entertaining space for 3 seasons. The beautiful kitchen has lots of cabinet space and features an eye catching, custom, butcher block island and new stainless-steel appliances. A laundry/mud room, which comes with washer and dryer has an outside entrance, meaning all of the sandy clothes from the beach can be dropped in the wash on the way in. Two bathrooms are on the main level and the basement has a 3/4 bath that is non-conforming. The basement is a wide-open slate and would be so easy to finish. Nearly 3/4 of an acre of beautiful yard space with lots of mature trees and plenty of room for a garden. Properties like this don't come on the market every day. Check this one out before it is sold!
Home Details
Home Type
- Single Family
Year Built
- Built in 1992
Parking
- 2
Interior Spaces
- Mud Room
- Basement Fills Entire Space Under The House
- Laundry Room
Utilities
- Forced Air Heating System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 13, 2025
Closed on
Mar 18, 2026
Sold by
Candice Gates
Bought by
Gates Joshua
Seller's Agent
Penny Sharp
Sunrise Realty
Buyer's Agent
Melanie Cowan
RE/MAX Pride Oskaloosa
List Price
$235,000
Sold Price
$205,000
Premium/Discount to List
-$30,000
-12.77%
Views
92
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.51%
Original Mortgage
$194,750
Outstanding Balance
$194,750
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$17,039
Purchase Details
Listed on
Jul 13, 2025
Closed on
Mar 17, 2026
Sold by
Joshua Gates
Bought by
Varese Jullian
Seller's Agent
Penny Sharp
Sunrise Realty
Buyer's Agent
Melanie Cowan
RE/MAX Pride Oskaloosa
List Price
$235,000
Sold Price
$205,000
Premium/Discount to List
-$30,000
-12.77%
Views
92
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,750
Outstanding Balance
$194,750
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$17,039
Purchase Details
Closed on
Aug 16, 2024
Sold by
Gates Candice and Gates Joshua
Bought by
Gates Joshua
Purchase Details
Listed on
Jul 31, 2022
Closed on
Sep 2, 2022
Sold by
Gray Ralph O and Gray Phyllis
Bought by
Gates Joshua and Gates Candice
Seller's Agent
Jason Oglesby
Iowa Realty South Lakes
Buyer's Agent
Penny Sharp
Sunrise Realty
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%
Views
1
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.16%
Original Mortgage
$140,250
Interest Rate
5.3%
Mortgage Type
Construction
Purchase Details
Listed on
May 1, 2015
Closed on
Aug 18, 2015
Sold by
Minor Dwight and Minor Thelma
Bought by
Gray Ralph O and Gray Phyllis
Seller's Agent
Lynette Cisler
Key Real Estate Agency
Buyer's Agent
Lynette Cisler
Key Real Estate Agency
List Price
$95,000
Sold Price
$80,000
Premium/Discount to List
-$15,000
-15.79%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.62%
Original Mortgage
$78,551
Interest Rate
4.08%
Mortgage Type
FHA
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Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $205,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $165,000 | -- | |
| Warranty Deed | $204,020 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $194,750 | New Conventional | |
| Previous Owner | $140,250 | Construction | |
| Previous Owner | $78,551 | FHA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/30/2026 03/30/26 | Sold | $205,000 | -8.9% | $133 / Sq Ft | |
| 02/16/2026 02/16/26 | Pending | -- | -- | -- | |
| 01/06/2026 01/06/26 | Price Changed | $225,000 | -4.3% | $146 / Sq Ft | |
| 07/13/2025 07/13/25 | For Sale | $235,000 | +42.4% | $153 / Sq Ft | |
| 09/26/2022 09/26/22 | Sold | $165,000 | -5.7% | $107 / Sq Ft | View Prior Sale |
| 07/31/2022 07/31/22 | For Sale | $175,000 | +118.8% | $114 / Sq Ft | |
| 07/28/2015 07/28/15 | Sold | $80,000 | -15.8% | $52 / Sq Ft | View Prior Sale |
| 07/28/2015 07/28/15 | Pending | -- | -- | -- | |
| 05/01/2015 05/01/15 | For Sale | $95,000 | -- | $62 / Sq Ft |
Source: NoCoast MLS
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 | $2,478 | $170,280 | $8,780 | $161,500 |
| 2024 | $2,478 | $138,760 | $8,490 | $130,270 |
| 2023 | $1,812 | $138,760 | $8,490 | $130,270 |
| 2022 | $1,740 | $102,800 | $5,680 | $97,120 |
| 2021 | $1,740 | $101,010 | $5,680 | $95,330 |
| 2020 | $1,486 | $81,170 | $5,680 | $75,490 |
| 2019 | $1,588 | $80,960 | $0 | $0 |
| 2018 | $1,526 | $80,960 | $0 | $0 |
| 2017 | $146,800 | $77,300 | $0 | $0 |
| 2016 | $1,374 | $77,300 | $0 | $0 |
| 2015 | $1,374 | $77,740 | $0 | $0 |
| 2014 | $1,432 | $77,740 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Penny Sharp
-
Melanie Cowan
Buyer's Agent in 2026
Melanie Cowan
RE/MAX
(641) 895-0985
95 Total Sales
-
J
Seller's Agent in 2022
Jason Oglesby
Iowa Realty South Lakes
-
Lynette Cisler
Seller's Agent in 2015
Lynette Cisler
Key Real Estate Agency
(641) 437-1060
8 Total Sales
Map
Source: NoCoast MLS
MLS Number: NOC6329650
APN: 420091000350000
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Listings courtesy of NoCoast MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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