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For sale
  • Price cut: $7K (3/17)
    $388,000

    247 Franzen Ridge Rd, Elkader, IA 52043

    2beds
    1,548sqft
    : 
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    Townhouse
    Built in 2025
    1.01 Acres Lot
    $374,100 Zestimate®
    $251/sqft
    $33/mo HOA

    What's special

    Stylish finishesMetal roofOpen floor planSpacious roomsQuartz countertopsBroan air exchangerHigh-quality finishes
    New Construction Townhomes – Modern, Energy-Efficient Living Just Outside Elkader, Iowa! These beautiful new construction townhomes were completed in 2025 and offer high-quality finishes, energy-efficient features, and a peaceful setting just ½ mile from town. Both units currently share a 1.01-acre parcel, but the property can be divided into two separate parcels if sold to individual buyers—perfect for those looking to invest or live side-by-side with family. Each unit features 2 bedrooms, 2 bathrooms, and approximately 1,550 sq ft of finished living space. You'll love the open floor plan, spacious rooms, and stylish finishes, including quartz countertops and custom Bertch wood cabinetry. Comfort and efficiency were a priority in construction, with R-50 ceiling insulation, spray foam in exterior and key dividing walls, and a Broan air exchanger for continuous fresh air. The double 2x6 insulated shared wall between units helps ensure privacy and quiet. Step outside to a private 14x14 back patio with metal railing and low-maintenance composite decking—perfect for relaxing or entertaining. Each home also includes a covered front porch and a finished, insulated 2-stall garage with fire core drywall and washable glass board surfaces. The unfinished walkout basement offers 10-foot walls, rough-ins for a third bathroom, and plenty of space to add two or more bedrooms and a large family room—ideal for future expansion. The home also includes a metal roof (durable with potential insurance benefits), concrete driveway, retention block walls, and radon mitigation with a blower already installed. Utilities include individual septic systems and a 1/7 well share per unit. Fiber optic internet lines are already in place, and the property is prepped for in-floor heating (basement and garage) with the option to add a boiler system. The lawn has been grass-seeded, and white stakes near the road mark the right-of-way. Though this townhome currently falls under a single parcel, it can be divided up if two separate buyers. Don’t miss the opportunity to own one—or both—of these thoughtfully designed townhomes in a great location with room to grow.
    382 days
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    109
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    2
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    Zillow last checked:

    Listing updated:

    Listed by:

    Amy Holst 319-350-1012,

    EXIT Realty Driftless Group

    Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20252417MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Other
      • Level: Upper
      Other
      • Level: Main
      Other
      • Level: Lower
      Heating
      • Forced Air, Radiant Floor
      Cooling
      • Central Air
      Appliances
      • Laundry: Laundry Room
      Features
      • Basement: Interior Entry,Exterior Entry,Floor Drain
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total interior livable area: 1,548 sqft
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached Garage
      • Has attached garage: Yes
      • Carport spaces: 2
      Lot
      • Size: 1.01 Acres
      Details
      • Parcel number: 1014101007
      • Zoning: R-4
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Townhouse
      • Property subtype: Townhouse
      Materials
      • Vinyl Siding, Combination
      • Roof: Metal
      Condition
      • Year built: 2025

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private Well

      Community & HOA

      Community
      • Subdivision: Franzen Ridge Subdivision
      HOA
      • Has HOA: Yes
      • HOA fee: $400 annually
      Location
      • Region: Elkader

      Financial & listing details

      • Price per square foot: $251/sqft
      • Tax assessed value: $395,819
      • Annual tax amount: $60
      • Date on market: 5/26/2025
      • Cumulative days on market: 383 days
      • Road surface type: Concrete
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        Estimated market value

        $374,100

        $355,000 - $393,000

        $1,871/mo

        Price history

        DateEventPrice
        3/17/2026Price change$388,000-1.8%$251/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252417 Report a problem
        5/26/2025Listed for sale$395,000$255/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252417 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$62 +3.3%$395,819 +7738%
        2024$60 +7.1%$5,050
        2023$56 +3.7%$5,050 +25%
        2022$54 +8%$4,040
        2021$50 +2.1%$4,040 +14.3%
        2020$49 -3.2%$3,535
        2019$51 -2.5%$3,535
        2018$52 +3.8%$3,535
        2017$50 -21.9%$3,535 -27.1%
        2015$64 -5.9%$4,846
        2014$68 $4,846
        2013$68 $4,846
        2012-- $4,846

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

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          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.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 52043

          Getting around

          0 / 100
          Car-Dependent
          1 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Central Community -Elkader
          • Middle: Central
          • High: Central Community CSD - Elkader

          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.

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