For sale

$499,500

4801 Palace Rd, Oelwein, IA 50662

3beds

1,206sqft

$3,516/mo

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Acres

Built in 1941

16.32 Acres Lot

$-- Zestimate^®

$414/sqft

$-- HOA

What's special

Country Living on 16.32 Acres! Enjoy the peace and privacy of country living while still being conveniently located on a paved road close to town! This beautiful 16.32-acre acreage features a 3-bedroom, 2-bath home with several updates, including granite countertops and backsplash in the kitchen, updated windows and flooring, and a durable steel roof. The attached garage is equipped with a mini-split for heating and cooling, adding comfort and convenience year-round. Outside, there is plenty of room to enjoy the country lifestyle! Take a dip in the above-ground pool, enjoy the scenic creek that runs along the property, or take advantage of the many outbuildings, including a horse barn, chicken coop, 24' x 56' steel utility building, storage shed, and portable sheds for sheep. Whether you're looking for space for horses or livestock, room for hobbies, or simply a peaceful place to call home, this acreage has so much to offer. Call today to schedule your private showing!

6 days

249

12

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Rooms

Room types: 1st Floor Entry, Main Floor Laundry, Mudroom, Dining/Living Room Combo

Other

Level: Upper

Other

Level: Main

Other

Level: Lower

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Dishwasher, Dryer, Free-Standing Range, Refrigerator, Washer, Gas Water Heater, Water Softener Owned
Laundry: 1st Floor

Features

Basement: Block,Concrete,Floor Drain
Has fireplace: No
Fireplace features: None

Interior area

Total interior livable area: 1,206 sqft
Finished area below ground: 0

Video & virtual tour

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Property

Parking

Total spaces: 2
Parking features: Attached Garage, Garage Door Opener, Heated Garage, Oversized, Workshop in Garage
Has attached garage: Yes
Carport spaces: 2

Features

Pool features: Above Ground

Lot

Size: 16.32 Acres
Dimensions: 16.32 ACRES

Details

Additional structures: Storage, Outbuilding
Parcel number: 1816100002
Zoning: R-R
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Acres

Materials

Vinyl Siding
Roof: Steel

Condition

Year built: 1941

Utilities & green energy

Sewer: Septic Tank
Water: Private Well

Community & HOA

Community

Security: Smoke Detector(s)

Location

Region: Oelwein

Financial & listing details

Price per square foot: $414/sqft
Tax assessed value: $252,050
Annual tax amount: $2,646
Date on market: 8/17/2026
Cumulative days on market: 7 days
Road surface type: Crushed Rock, Hard Surface Road

Estimated market value

Not available

Estimated sales range

Not available

$1,075/mo

Price history

Date	Event	Price
8/17/2026	Listed for sale	$499,500+129.1%$414/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263860 Report a problem
6/7/2019	Sold	$218,000-1.8%$181/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20190204 Report a problem
6/7/2019	Listed for sale	$221,900$184/sqft
Source: RE/MAX Oelwein Realty #20190204 Report a problem
5/14/2019	Pending sale	$221,900$184/sqft
Source: RE/MAX Oelwein Realty #20190204 Report a problem
1/11/2019	Listed for sale	$221,900+53%$184/sqft
Source: RE/MAX Oelwein Realty #20190204 Report a problem
8/26/2008	Sold	$145,000$120/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,530 +1.5%	$252,050 +9.2%
2024	$2,492 +8%	$230,720
2023	$2,308	$230,720 +28.3%
2022	$2,308 -1.9%	$179,770
2021	$2,352 +2.1%	$179,770 +3.6%
2020	$2,304 +6.8%	$173,570
2019	$2,158 +17.3%	$173,570 +7.4%
2018	$1,840 -12%	$161,600 +20.2%
2017	$2,092 +17.1%	$134,450
2016	$1,786 +0.1%	$134,450
2015	$1,784 +2.3%	--
2014	$1,744 +7.7%	--
2013	$1,620 -4.9%	--
2012	$1,704 +2.2%	--
2011	$1,668 +4.3%	--
2010	$1,600 +43.1%	--
2009	$1,118 +31.2%	--
2005	$852	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: 50662

Getting around

6 / 100

Car-Dependent

26 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

7/10
Wings Park Elementary School
Grades: 1-4Distance: 1.3 mi
2/10
Oelwein Middle School
Grades: 5-8Distance: 1.9 mi
4/10
Oelwein High School
Grades: 9-12Distance: 1.8 mi

Schools provided by the listing agent

Elementary: Oelwein
Middle: Oelwein
High: Oelwein

Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.