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Off market
  • Tax assessed value
    $262,000

    502 N 4th St, Farmington, IA 52626

    12beds
    28,000sqft
    SingleFamily
    Built in 1956
    8 Acres Lot
    $-- Zestimate®
    $9/sqft
    $1,046 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,046/mo

    Zestimate® history
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    What's special

    Outdoor basketball courtOffice areaMature treesAll-brick buildingTwo locker roomsWorking scoreboardFruit-bearing peach tree

    Situated in the idyllic small town of Farmington, Iowa, this 28,000 square foot home is a remodeler’s dream. A blank canvas with numerous large rooms and bathrooms, solid structure (the exterior walls are over one foot thick), and enormous windows this is an opportunity for a visonary to build their dream mansion. Built in 1956 the all-brick structure has 12 spacious rooms plus an office area, a ball room, four large bathrooms (with a small half bath in the office), a boiler room, a full gymnasium with six basketball hoops (including one that is retractable), a working scoreboard, a stage in the gym, and 10 foot-wide hallways. There are two basements as well for extra storage. While the interior of this home needs a keen eye, the 8.34 acre yard is a resplendent oasis filled with mature trees including oak, red maple, and northern white pine. There is even a large gazebo and outdoor basketball court with six hoops. In the 1950s the land was a city park and still retains the look and feel of a park. Water is provided by the city, as is sewer and trash pickup. Structurally the building is in excellent condition. There are no electrical issues and only minor plumbing issues (the pipes that take water from the boiler room to the main area of the building were cut years ago and have never been reconnected). The boiler is LP (liquid petroleum) gas but does not work and will need to be replaced to heat most of the building; there are separate heat pumps above the locker rooms and in the office area. A walk-through video can be found at www.HawkWingDesign.com.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 5
    • Full bathrooms: 2
    • 1/2 bathrooms: 3
    Heating
    • Forced air, Radiant, Wall, Gas
    Features
    • Flooring: Carpet, Concrete, Hardwood
    • Basement: Unfinished
    Interior area
    • Total interior livable area: 28,000 sqft

    Property

    Parking
    • Parking features: Off-street
    Features
    • Exterior features: Brick
    • Has view: Yes
    • View description: Park
    Lot
    • Size: 8 Acres
    Details
    • Parcel number: 000721235426100

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Built-up
    Condition
    • Year built: 1956

    Community & neighborhood

    Location
    • Region: Farmington

    Price history

    DateEventPrice
    6/19/2026Listing removed--
    Source: Owner Report a problem
    1/23/2026Listed for sale$220,000+1.9%$8/sqft
    Source: Owner Report a problem
    1/8/2026Listing removed--
    Source: Owner Report a problem
    9/5/2025Price change$215,900-1.9%$8/sqft
    Source: Owner Report a problem
    8/4/2025Price change$220,000+0%$8/sqft
    Source: Owner Report a problem
    7/14/2025Pending sale$219,900$8/sqft
    Source: Owner Report a problem
    6/3/2025Price change$219,900-6.8%$8/sqft
    Source: Owner Report a problem
    4/18/2025Price change$235,900-5.6%$8/sqft
    Source: Owner Report a problem
    4/9/2025Listed for sale$249,900$9/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,490 +2.9%$262,000 +16.2%
    2024$3,390 -2.6%$225,380 +0.1%
    2023$3,480 +2.6%$225,090 +16.1%
    2022$3,392 +2.4%$193,920 +0.7%
    2021$3,314 +5%$192,590 +7.7%
    2020$3,156 -6.8%$178,750 +4.9%
    2019$3,386 -8.7%$170,440 -3.2%
    2018$3,708 $175,990
    2017$3,708 $175,990
    2016-- --
    2015-- --
    2014-- --

    Find assessor info on the county website

    Neighborhood: 52626

    Nearby schools

    GreatSchools rating
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