Affordable living at its finest! This charming 2-bedroom, 1-bath home is a fantastic opportunity for under $50K with low taxes. Situated on a corner lot at the end of a quiet dead-end street, this home offers small-town living with the convenience of being within walking distance to local amenities. The spacious living room provides plenty of room to relax or entertain, while the layout offers great potential for an investor or a buyer looking to make it their own. Don’t miss this budget-friendly opportunity.
Sold for $38,000
$38,000
509 1st Ave SE, Oelwein, IA 50662
2beds
720sqft
Single Family Residence
Built in 1920
3,484 Square Feet Lot
$39,300 Zestimate®
$53/sqft
$813 Estimated rent
Home value
$39,300
Estimated sales range
Not available
$813/mo
Zestimate® history
Owner options
List your home for rent
$813/mo
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$813/mo
Rent Zestimate®
Refinance and save
$202/mo
Est. payment
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$202/mo
Est. payment
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List your homeWhat's special
Quiet dead-end streetCorner lot
Zillow last checked:
Listing updated:
Listed by:
Jared Hottle 319-288-5382,
Berkshire Hathaway Home Services One Realty Centre
Bought with:
Lori Beierschmitt, B29495
Advanced, Realtors LLC
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20250867
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Stone/Rock
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 720 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: None
Lot
- Size: 3,484 Square Feet
- Dimensions: 50x70
Details
- Parcel number: 1828202003
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
- Roof: Asphalt
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Oelwein
Financial & listing details
- Price per square foot: $53/sqft
- Tax assessed value: $37,520
- Annual tax amount: $712
- Date on market: 3/6/2025
- Cumulative days on market: 15 days
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2025 | Sold | $38,000-15.6%$53/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20250867 Report a problem | ||
| 3/21/2025 | Pending sale | $45,000$63/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250867 Report a problem | ||
| 3/6/2025 | Listed for sale | $45,000$63/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250867 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $726 +2% | $42,270 +12.7% |
| 2024 | $712 +9.2% | $37,520 |
| 2023 | $652 +0.6% | $37,520 +22.9% |
| 2022 | $648 +3.5% | $30,530 |
| 2021 | $626 +1.6% | $30,530 +7.6% |
| 2020 | $616 +18.9% | $28,380 |
| 2019 | $518 +34.9% | $28,380 +21.1% |
| 2018 | $384 -24.1% | $23,440 +38.2% |
| 2017 | $506 +35.3% | $16,960 |
| 2016 | $374 | $16,960 |
| 2015 | $374 +1.6% | -- |
| 2014 | $368 -18.6% | -- |
| 2013 | $452 -2.6% | -- |
| 2012 | $464 +5.5% | -- |
| 2011 | $440 +4.3% | -- |
| 2010 | $422 +8.8% | -- |
| 2009 | $388 +5.4% | -- |
| 2008 | $368 | -- |
| 2007 | $368 | -- |
Find assessor info on the county website
Neighborhood: 50662
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Nearby schools
GreatSchools rating
- NALittle Husky Learning CenterGrades: PK-KDistance: 0.5 mi
- 2/10Oelwein Middle SchoolGrades: 5-8Distance: 0.8 mi
- 4/10Oelwein High SchoolGrades: 9-12Distance: 0.6 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.
- Iowa
- Fayette County
- Oelwein
- 50662
- 509 1st Ave SE
Nearby cities
Nearby zip codes
Other Oelwein Topics
