NOT LISTED FOR SALE

5046 Depot Rd Wadena, IA 52169

Estimated Value: $97,000 - $326,000

25 Acres
$9,479 Price per Acre
1,089,000 Sq Ft Lot

Last Sold April 26, 2023

Last sale price $235,000

Est. 1% increase in value since last sale

Current estimated payment $1,351/month

82 Days on Market

About This Lot

As of April 2023

Just miles east of Volga River State Recreation Area and less than a ¼ mile from the Volga River lies this beautiful 25 +/- acre combination farm in the hills west of Wadena, Iowa. You’ll notice the beauty of this farm from the moment you turn down the road and are surrounded by the property on both sides. This 25 +/- acre combination farm is an excellent funnel between large timbers and has the deer sign to prove that it is a heavily used, high-traffic area. This farm is absolutely pounded with deer sign. With the vast amount of cover and habitat, this area is known for its very dense population of both deer and turkeys and has an impressive harvest history of both typical and non-typical animals. This farm sits just north of Kornhill Road where one of the largest whitetails arrowed in Iowa history was shot in 2016, the Kornhill Buck. There are excellent spots for tree stands on the pinch points and ridge tops and it sets up nicely with several ways to access from different wind directions via road frontage and access from the farmstead to the south. This farm could further be enhanced with several acres of food plots placed strategically where there is now pasture and native grasses on the west side of the farm in combination with tower blinds. The timber complex has a variety of hardwood species with a predominance of black oak. There are also some great bedding areas with thermal cover present. Almost the entire farm has quality fencing in place and would be suitable for running cattle and other farm animals. The acreage on the southwest corner of the farm features an early 1900s home with a newer poured concrete basement and a brand-new HVAC system and roof both in 2022. There are several beautiful old barns and sheds on the farm as well. Just a short drive to several trout streams including Grannis Creek there are certainly many recreational opportunities to be had in this area. This would be a perfect recreational weekend getaway to bring the kids and camper or an opportunity to invest sweat equity and make it your forever home.

Last Listed By

Kyle Steinfeldt

Midwest Land Group, LLC License #S69864000 Listed on: 11/04/2022

Midwest Land Group, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $722

Year Built

  • Built in 1900

Lot Details

  • 25 Acre Lot
  • Property is zoned A-2

Utilities

  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1229200003

Property Details

Property Type

Land

Est. Annual Taxes

$722

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Parcel Number: 1229200003
  • Year Built: 1900
  • Property Sub-Type: Combination
  • Lot Size Acres: 25
  • Co List Office Phone: 913-674-8010
  • MLS Status: Closed
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer: Septic Tank
  • Water Source: Private Well

Lot Info

  • Zoning: A-2
  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 1089000

Tax Info

  • Tax Annual Amount: 721.6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Apr 26, 2023
Sold by
Petsche Teresa R
Bought by
Mitchell Nicholas J and Mitchell Cammi C
Seller's Agent
Kyle Steinfeldt
Midwest Land Group, LLC
List Price
$275,000
Sold Price
$235,000
Premium/Discount to List
-$40,000
-14.55%
Total Days on Market
82
Views
57
Current Estimated Value
$236,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,987
Avg. Annual Appreciation
0.42%
Original Mortgage
$280,000
Interest Rate
6.42%
Mortgage Type
Construction

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Mitchell Nicholas J $235,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mitchell Nicholas J $280,000
Previous Owner Petsche Teresa R $241,224
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2023 04/26/23 Sold $235,000 -7.8% --
01/25/2023 01/25/23 Pending -- -- --
01/21/2023 01/21/23 Price Changed $255,000 -7.3% --
11/04/2022 11/04/22 For Sale $275,000 -- --
Source: Northeast Iowa Regional Board of REALTORS®

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 $440 $47,630 $2,640 $44,990
2023 $440 $47,630 $2,640 $44,990
2022 $376 $37,130 $2,110 $35,020
2021 $376 $37,320 $2,300 $35,020
2020 $622 $54,520 $2,180 $52,340
2019 $528 $50,530 $0 $0
2018 $506 $50,530 $0 $0
2017 $442 $40,160 $0 $0
2016 $438 $40,160 $0 $0
2015 $438 $0 $0 $0
2014 $428 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20225214

Northeast Iowa Regional Board of REALTORS®

APN: 12-29-200-003