This 2.63-acre property on the outskirts of town offers two adjoining parcels with plenty of space and potential. One parcel features a 720 sq. ft. home with a full basement, while the other includes a two-story 1,816 sq. ft. home and a 30' x 34' steel utility building. Both homes have newer roofs, but will require attention and updates—the two-story has not been lived in since purchase and does not currently have utilities connected. The highlight of the property is the amount of land and the versatility of the steel utility building, making this a unique opportunity for someone looking for space, projects, or investment potential just outside of town.
Sold
$135,000
407 48th St, Fort Madison, IA 52627
2beds
2.63Acres
Unimproved Land
Built in 1944
2.63 Acres Lot
$122,100 Zestimate®
$188/sqft
$1,294 Estimated rent
Home value
$122,100
$100,000 - $145,000
$1,294/mo
Zestimate® history
Owner options
List your home for rent
$1,294/mo
Rent Zestimate®
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$1,294/mo
Rent Zestimate®
Refinance and save
$739/mo
Est. payment
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$739/mo
Est. payment
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List your homeWhat's special
Amount of landTwo adjoining parcels
Zillow last checked:
Listing updated:
Listed by:
Kara L Morrow 319-470-5071,
KLM Realty
Bought with:
Barbara Asay, ***
Midwest Realty
Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6332217
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Baseboard
Cooling
- None
Features
- Basement: Full
Interior area
- Total interior livable area: 720 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 2.63 Acres
- Dimensions: 2 parcels 1.91 has steel building and 2 story .72 has rental house
Details
- Parcel number: 024714012760060
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Fort Madison
HOA & financial
HOA
- Has HOA: No
- Association name: SEIA
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2025 | Sold | $135,000$188/sqft |
Source:  NoCoast MLS as distributed by MLS GRID #6332217 Report a problem | ||
| 9/26/2025 | Listed for sale | $135,000$188/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6332217 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,238 +1.5% | $63,100 +2.6% |
| 2024 | $1,220 +4.3% | $61,520 |
| 2023 | $1,170 +16.3% | $61,520 +20.9% |
| 2022 | $1,006 -9.2% | $50,880 |
| 2021 | $1,108 -0.2% | $50,880 -4.5% |
| 2020 | $1,110 +2.6% | $53,300 |
| 2019 | $1,082 -0.4% | $53,300 +6% |
| 2018 | $1,086 -2.7% | $50,280 +6.3% |
| 2017 | $1,116 +8.1% | $47,320 |
| 2016 | $1,032 | $47,320 +6.3% |
| 2015 | $1,032 +5.5% | $44,520 |
| 2014 | $978 +13.6% | $44,520 |
| 2013 | $861 -3.9% | -- |
| 2012 | $896 +7.4% | -- |
| 2010 | $834 +24.9% | -- |
| 2009 | $668 -0.4% | -- |
| 2008 | $671 +24.7% | -- |
| 2007 | $538 | -- |
Find assessor info on the county website
Neighborhood: 52627
Nearby schools
GreatSchools rating
- NAFort Madison Elementary SchoolGrades: PK-6Distance: 0.2 mi
- 4/10Fort Madison High SchoolGrades: 7-12Distance: 2.1 mi
- Iowa
- Lee County
- Fort Madison
- 52627
- 407 48th St
Nearby cities
Nearby zip codes
Other Fort Madison Topics
