$195,000
SOLD NOV 21, 2016

49955 Teakwood Rd Walnut, IA 51577

3 Beds
2 Baths
1,752 Sq Ft
2.42 Acres

Recently Sold

$111 Per Sq Ft

13% Below List Price

103 Days on Market

Highlights

  • 1 Fireplace
  • No HOA
  • Forced Air Heating System

About This Home

As of July 2025

Old farm charm with modern updates! Perfect acreage for horses! 2.42 Acres w 30 x 59' barn w loft & corral, wtr, stables & new roof! 3 bdrm 2 bath home. Features beautiful wood floors throughout! New stainless appliances inc! New septic, 150 amp breaker & HE propane heat & AC new ext paint. Newer thermo pane windows & fixtures. Just on edge of Walnut. This is a must see for horse lovers!

Last Agent to Sell the Property

Chuck Smallwood

NP Dodge RE Mo Valley Team License #0961027 Listed on: 05/20/2016

NP Dodge RE Mo Valley Team

Last Buyer's Agent

Non Member

Peterson Bros Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,337

Year Built

  • Built in 1920

Parking

  • 3 Car Garage

Interior Spaces

  • 1,752 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Walnut Elementary And Middle School
  • Walnut High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7541 18 300 005

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,337

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Parcel Number: 7541 18 300 005
  • Property Sub Type: Single Family Residence
  • Year Built: 1920
  • Prop. Type: Residential
  • Lot Size: 2.42
  • Ownership: Fee Simple
  • Directions: I-80 to Walnut exit South on State Hwy 83. West on Teakwood Road 1/4 mile to home.
  • Above Grade Finished Sq Ft: 1752
  • Unit Levels: Two
  • New Construction: No
  • Kitchen Level: Main Floor
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1752
  • Main Level Bathrooms: 1
  • Room Kitchen Area: 240
  • Room Bedroom2 Area: 132.5
  • Bedroom 1 Level: 2nd Floor
  • Room Bedroom2 Level: 2nd Floor
  • Room Dining Room Area: 154.4444
  • Room Living Room Area: 236.25
  • Dining Room Dining Room Level: Main Floor
  • Living Room Living Room Level: Main Floor
  • Room Master Bedroom Area: 177.9167
  • Master Bedroom Master Bedroom Level: 2nd Floor
  • Master Bedroom Master Bedroom Width: 11.6667

Exterior Features

  • Home Warranty: No
  • Property Condition: Not New and NOT a Model

Garage/Parking

  • Garage Spaces: 3
  • Covered Parking Spaces: 3
  • Total Parking Spaces: 3

Utilities

  • Heating: Gas, Propane, Forced Air
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • High School: Walnut
  • Elementary School: Walnut
  • Junior High Dist: Other
  • Middle Or Junior School: Walnut

Lot Info

  • Property Attached Yn: No
  • Lot Features: Over 1 up to 5 Acres
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 2337

Multi Family

  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2023
Sold by
Virginia Despars Trust
Bought by
Virginia Despars Trust and Despars

Purchase Details

Listed on
May 20, 2016
Closed on
Nov 8, 2016
Sold by
Hbi Llc
Bought by
Gacke Adam J and Gacke Ashley
Seller's Agent
Chuck Smallwood
NP Dodge RE Mo Valley Team
Buyer's Agent
Non Member
Peterson Bros Realty
List Price
$224,900
Sold Price
$195,000
Premium/Discount to List
-$29,900
-13.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.00%
Original Mortgage
$185,250
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2008
Sold by
Coatney Mavis Ann
Bought by
Thomas Peter L and Thomas Amber J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,981
Interest Rate
6.3%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $195,000 Attorney
Warranty Deed $155,000 Title Services
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $185,250 New Conventional
Previous Owner $13,124 Stand Alone Second
Previous Owner $152,981 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Sold $378,900 0.0% $148 / Sq Ft
07/25/2025 07/25/25 Pending -- -- --
06/27/2025 06/27/25 For Sale $378,900 0.0% $148 / Sq Ft
06/26/2025 06/26/25 Off Market $378,900 -- --
05/17/2025 05/17/25 Price Changed $378,900 -1.6% $148 / Sq Ft
04/04/2025 04/04/25 Price Changed $384,900 -2.6% $151 / Sq Ft
01/03/2025 01/03/25 For Sale $395,000 0.0% $155 / Sq Ft
12/27/2024 12/27/24 Off Market $395,000 -- --
09/26/2024 09/26/24 Price Changed $395,000 -3.6% $155 / Sq Ft
07/29/2024 07/29/24 Price Changed $409,900 -2.2% $161 / Sq Ft
07/10/2024 07/10/24 Price Changed $419,000 -6.9% $164 / Sq Ft
06/25/2024 06/25/24 For Sale $450,000 +130.8% $176 / Sq Ft
11/21/2016 11/21/16 Sold $195,000 -13.3% $111 / Sq Ft
08/30/2016 08/30/16 Pending -- -- --
05/19/2016 05/19/16 For Sale $224,900 -- $128 / Sq Ft
Source: Great Plains Regional MLS

Tax History Compared to Growth

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
2024 $3,640 $317,900 $45,700 $272,200
2023 $3,640 $317,900 $45,700 $272,200
2022 $2,780 $205,800 $44,400 $161,400
2021 $4,080 $205,800 $44,400 $161,400
2020 $2,576 $189,300 $27,930 $161,370
2019 $2,606 $189,300 $27,930 $161,370
2018 $2,534 $189,300 $27,930 $161,370
2017 $2,260 $158,650 $27,930 $130,720
2015 $2,236 $158,650 $27,930 $130,720
2014 $2,210 $158,650 $27,930 $130,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: 21609266

Great Plains Regional MLS

APN: 7738-20-200-003