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  • $380,000

    1422 56th Hwy, Promise City, IA 52583

    --beds
    --baths
    --sqft
    Unimproved Land
    Built in ----
    -- sqft lot
    $348,700 Zestimate®
    $--/sqft
    $1,301 Estimated rent

    Home value

    $348,700

    $296,000 - $394,000

    $1,301/mo

    Zestimate® history
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    What's special

    Providing privacyPrimarily wooded
    Presenting this beautifully updated acreage featuring 20 m/l acres along paved County Highway S56, just north of Promise City, Iowa. This versatile property offers a move-in-ready ranch-style home, an oversized garage, and a spacious outbuilding—combining comfort, functionality, and scenic rural living. The home includes 2,061 square feet of finished space with 3 bedrooms and 2 bathrooms. Thoughtful updates throughout include a newer hickory kitchen, bright sunroom, remodeled bathrooms, updated flooring, newer siding, windows, doors, and shingles. Additional features include main-floor laundry, a cozy wood-burning fireplace, and efficient geothermal heating. The unfinished basement is partially framed and ready for future expansion. Outdoor amenities enhance the property’s appeal, with a large back deck, a unique grain-bin patio, and a children’s playset. A detached 2-car garage and a 30' x 54' steel building with a heated workshop and water provide excellent storage and workspace. The 20 acres are primarily wooded, providing privacy and outstanding opportunities for hunting, recreation, and enjoying nature. The property is also conveniently located near Rathbun Lake—an 11,000+ acre reservoir surrounded by thousands of acres of public hunting land—making this an ideal setting for outdoor enthusiasts. Don’t miss this rare chance to own a beautifully improved, scenic acreage in the heart of southern Iowa.

    Zillow last checked:

    Listing updated:

    Listed by:

    Daran A Becker 515-979-3498,

    Peoples Company

    Bought with:

    Outside Agent-RLIT Outside Agent-RLIT, ***

    Outside Office

    Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6334489MLS Logo

    Facts & features

    Property

    Details
    • Parcel number: 040R26100001

    Community & HOA

    HOA
    • Has HOA: No
    • HOA name: RLIT
    Location
    • Region: Promise City

    Financial & listing details

    • Tax assessed value: $256,160
    • Annual tax amount: $2,898
    • Date on market: 12/26/2025
    • Cumulative days on market: 59 days

    Price history

    DateEventPrice
    4/8/2026Sold$380,000-3.8%
    Source: NoCoast MLS as distributed by MLS GRID #6334489 Report a problem
    2/23/2026Pending sale$395,000
    Source: NoCoast MLS as distributed by MLS GRID #6334489 Report a problem
    12/26/2025Listed for sale$395,000
    Source: NoCoast MLS as distributed by MLS GRID #6334489 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,898 +3.7%$256,160 +14.3%
    2024$2,794 -3.1%$224,040
    2023$2,884 +22.9%$224,040 +18.6%
    2022$2,346 +31.4%$188,910 +19.1%
    2021$1,786 +1.4%$158,620 +43.2%
    2020$1,762 -4.1%$110,770 -0.7%
    2019$1,838 $111,600 +6.9%
    2018-- $104,390 +5.3%
    2017-- $99,143 +605%
    2016-- $14,062 -49.3%
    2015-- $27,736
    2014$336 $27,736
    Find assessor info on the county website

    Neighborhood: 52583

    Nearby schools

    GreatSchools rating