502 Volga Rd SW Elkader, IA 52043
Estimated payment $858/month
Highlights
- Hot Property
- Bungalow
- Heating Available
- Detached Garage
About This Home
Welcome to The Cabin on the Bluff, a beautifully updated retreat nestled high above the charming town of Elkader. Perched on a wooded hillside with sweeping views of the surrounding trees, this property blends rustic character with modern comforts and offers exceptional income potential. Currently operating as a popular Airbnb, the cabin sleeps up to 12 guests and features two spacious bedrooms and two full baths. Guests love the warm, rustic charm, inviting living spaces, and the covered porch—perfect for morning coffee, evening gatherings, or simply taking in the peaceful bluff views. Elkader actively promotes local businesses and vacation rentals, making this a turnkey investment opportunity. With current rental rates of $350 per night on weekends and $200 per night during the week, you could enjoy part-time living while letting the rental income help cover the mortgage and grow your portfolio. Whether you’re seeking a vacation getaway, a profitable short-term rental, or a unique full-time residence, The Cabin on the Bluff offers a rare combination of history, charm, and financial upside. Home can come fully furnished.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,054
Year Built
- Built in 1942
Home Design
- 1,300 Sq Ft Home
- Bungalow
- Metal Roof
- Vinyl Siding
Kitchen
- Free-Standing Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- Detached Garage
- Carport
Schools
- Central Comm Elementary School
- Elkader Middle School
- Central Comm High School
Additional Features
- 0.31 Acre Lot
- Heating Available
- Partially Finished Basement
Listing and Financial Details
- Assessor Parcel Number 2523351018
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,630 | $82,191 | $13,522 | $68,669 |
| 2023 | $1,772 | $82,191 | $13,522 | $68,669 |
| 2022 | $1,342 | $67,852 | $12,292 | $55,560 |
| 2021 | $1,198 | $67,852 | $12,292 | $55,560 |
| 2020 | $1,198 | $63,694 | $12,292 | $51,402 |
| 2019 | $710 | $65,981 | $12,292 | $53,689 |
| 2018 | $710 | $56,787 | $12,292 | $44,495 |
| 2017 | $490 | $56,787 | $12,292 | $44,495 |
| 2015 | $444 | $31,390 | $9,657 | $21,733 |
| 2014 | $320 | $31,390 | $9,657 | $21,733 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/15/2025 09/15/25 | Price Changed | $130,000 | -7.1% | $100 / Sq Ft |
| 09/15/2025 09/15/25 | For Sale | $140,000 | +7.7% | $108 / Sq Ft |
| 09/15/2025 09/15/25 | For Sale | $130,000 | -- | $100 / Sq Ft |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20254529
APN: 22-25-23-351-018
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