NOT LISTED FOR SALE

5067 Palace Rd Oelwein, IA 50662

Estimated Value: $257,000 - $358,000

3 Beds
3 Baths
2,892 Sq Ft
$101/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $208,500 $72 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,767/month

241 Days on Market

Highlights

  • Deck
  • Landscaped
  • Water Softener is Owned
  • Contemporary Architecture
  • Forced Air Heating and Cooling System
  • Ceiling Fan

About This Home

As of April 2021

Amazing acreage in so many ways! Close to town on paved road. Completely remodeled in 2015. Immaculate. 2892 SF of living space. You really must see to believe. Newer kitchen with bar and all appliances included walks out to a private back yard deck. Bright and sunny living room and formal dining area. 3 main floor bedrooms. 2 main floor baths, one with shower and laundry the 2nd with jetted tub and double sinks. Also on the mail floor is a nice hallway office area. In the lower level you'll find large family room with beautiful bar, non conforming bedroom, bath and an extra kitchen. The finished basement would be perfect for the growing family or a mother-in-law apartment. Roof, gutters and windows are 3 years old. AC and updated electrical panel in 2020. 1.1 acres with beautiful perennial garden with water feature. 1 stall attached garage with plenty of space to expand. Call today to see for yourself. (Parcel to west is not included in this listing. Seller plans to retain and live in the apartment)

Last Agent to Sell the Property

Sandra Graf

Century 21 Signature Real Estate - Cedar Falls License #B17873 Listed on: 07/13/2020

Century 21 Signature Real Estate - Cedar Falls

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,437

Year Built

  • Built in 1959

Lot Details

  • 1.1 Acre Lot
  • Landscaped
  • Property is zoned A-R

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,892 Sq Ft Home
  • Ceiling Fan
  • Fire and Smoke Detector

Kitchen

  • Free-Standing Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Interior Basement Entry
  • Sump Pump

Parking

  • 1 Car Garage
  • Tuck Under Garage

Outdoor Features

  • Deck

Schools

  • Oelwein Elementary And Middle School
  • Oelwein High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Shared Well
  • Gas Water Heater
  • Water Softener is Owned
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 180930005

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,437

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Parcel Number: 180930005
  • Year Built: 1959
  • Property Sub-Type: Acres
  • PropertyType: Residential
  • ResoLaundryFeatures: 1st Floor
  • Lot Size Acres: 1.1
  • Road Frontage Type: Hard Surface Road
  • Road Surface Type: Concrete
  • Co List Office Phone: 319-283-2211
  • MLS Status: Closed
  • Architectural Style: Contemporary
  • Reso Fireplace Features: None
  • Reso Interior Features: Ceiling Fan(s)
  • Reso Roof: Asphalt
  • TotalFinishedSquareFootage: 2892
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Smoke Detector, Dishwasher, Dryer, Disposal, Microwave Built In, Free-Standing Range, Sump Pump, Refrigerator, Washer, Gas Water Heater, Water Softener Owned
  • Basement: Block, Entrance-Inside, Walk-Out Access, Partially Unfinished
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1300
  • BelowGradeArea: 1592

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: Deck, Landscaping

Garage/Parking

  • Parking Features: 1 Stall, Tuckunder Garage

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Gas
  • Sewer: Septic Tank
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Oelwein
  • High School: Oelwein
  • Middle Or Junior School: Oelwein

Lot Info

  • Zoning: A-R
  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 47916
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 1437

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2020
Closed on
Apr 17, 2021
Sold by
Nordman Jeffrey Lynn and Nordman Melody Ann
Bought by
Schlotthauer Stanley A and Arledge Connie R
Seller's Agent
Sandra Graf
Century 21 Signature Real Estate - Cedar Falls
List Price
$216,000
Sold Price
$208,500
Premium/Discount to List
-$7,500
-3.47%
Current Estimated Value
$292,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,967
Avg. Annual Appreciation
7.86%
Original Mortgage
$187,650
Outstanding Balance
$111,651
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$180,816
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 Buyer Sale Price Title Company
Schlotthauer Stanley A $208,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schlotthauer Stanley A $187,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2021 04/19/21 Sold $208,500 +1.2% $72 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
08/28/2020 08/28/20 Price Changed $206,000 -4.6% $71 / Sq Ft
07/13/2020 07/13/20 For Sale $216,000 -- $75 / Sq Ft
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 $2,526 $230,410 $31,630 $198,780
2023 $2,490 $230,410 $31,630 $198,780
2022 $2,342 $182,170 $25,380 $156,790
2021 $2,342 $182,170 $25,380 $156,790
2020 $1,436 $109,370 $28,250 $81,120
2019 $1,318 $101,940 $0 $0
2018 $1,276 $101,940 $0 $0
2017 $1,130 $85,870 $0 $0
2016 $1,096 $85,870 $0 $0
2015 $1,096 $0 $0 $0
2014 $1,070 $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: NBR20203465

Northeast Iowa Regional Board of REALTORS®

APN: 18-09-300-005