Looking for an affordable opportunity to become a homeowner while building equity? This 4-bedroom, 1 bath home at 206 W. Second St. in Calumet offers plenty of potential for the buyer who isn't afraid to roll up their sleeves. Situated directly across from the city park, this property provides a fantastic location with easy access to green space, playgrounds, and outdoor recreation. Inside, you'll find a functional layout with four bedrooms, one full bathroom, and convenient main-floor laundry hookups. The home has already seen some improvements, including newer siding, giving you a solid head start on bringing this property back to life. While it does need a new roof and furnace, this is reflected in the opportunity it presents. With the right vision and updates, this could become a wonderful home or a smart investment. Recently returned to the bank, this property offers buyers the chance to purchase at an attractive price point and create value through improvements rather than paying for someone else's renovations. If you've been searching for an affordable way to enter the housing market or add to your investment portfolio, this could be the project you've been waiting for. Bring your ideas, make it your own, and enjoy the rewards of building equity from the ground up.
Foreclosure
$55,000
206 W 2nd St, Calumet, IA 51009
4beds
1baths
1,219sqft
Single Family Residence, Residential
Built in 1900
10,454 Square Feet Lot
$-- Zestimate®
$45/sqft
$-- HOA
What's special
Newer sidingConvenient main-floor laundry hookupsFunctional layout
- 50 days
- 250
- 11
Zillow last checked:
Listing updated:
Listed by:
Rusty W Rasmus 712-261-1965,
Rasmus Realty & Auction
Source: Northwest Iowa Regional BOR,MLS#: 833866
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Kitchen, Dining, Living, Laundry, Bedroom
Heating
- See Remarks
Cooling
- None
Appliances
- Included: Water Softener: None
- Laundry: Main Level
Features
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 1,219
- Total interior livable area: 1,219 sqft
- Finished area above ground: 1,219
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached, Gravel
- Garage spaces: 2
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Porch
Lot
- Size: 10,454 Square Feet
Details
- Parcel number: 191410000010600
- Zoning: 101
- Zoning description: 101
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Location
- Region: Calumet
Financial & listing details
- Price per square foot: $45/sqft
- Tax assessed value: $39,400
- Annual tax amount: $414
- Price range: $55K - $55K
- Date on market: 7/18/2026
Foreclosure details
Estimated market value
Not available
Estimated sales range
Not available
$1,048/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/23/2023 | Sold | $25,000+8.7%$21/sqft |
Source: Public Record Report a problem | ||
| 9/21/2012 | Sold | $23,000-11.5%$19/sqft |
Source: | ||
| 7/6/2012 | Price change | $26,000-8.8%$21/sqft |
Source: Gustafson Realty #15787 Report a problem | ||
| 6/1/2012 | Price change | $28,500-4.7%$23/sqft |
Source: Gustafson Realty #15787 Report a problem | ||
| 4/3/2012 | Listed for sale | $29,900$25/sqft |
Source: Gustafson Realty #15787 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $548 +90.3% | $18,259 -53.7% |
| 2023 | $288 +10.8% | $39,400 +47.5% |
| 2022 | $260 +6.6% | $26,720 |
| 2021 | $244 -35% | $26,720 +11.2% |
| 2020 | $375 +4.3% | $24,020 |
| 2019 | $360 -4.5% | $24,020 +4.8% |
| 2018 | $377 +68.1% | $22,930 +2.9% |
| 2017 | $224 -6.7% | $22,290 |
| 2016 | $240 | $22,290 +20% |
| 2015 | $240 +26.3% | $18,570 |
| 2014 | $190 -31.2% | $18,570 |
| 2013 | $276 +3.8% | -- |
| 2012 | $266 +44.6% | -- |
| 2009 | $184 +5.7% | -- |
| 2008 | $174 | -- |
| 2007 | $174 | -- |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 51009
Nearby schools
Schools provided by the listing agent
- Elementary: Cherokee
- Middle: Cherokee
- High: Cherokee
Source: Northwest Iowa Regional BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.



