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.
For sale
Price cut: $7K (3/17)
$388,000
247 Franzen Ridge Rd, Elkader, IA 52043
2beds
1,548sqft
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
- 382 days |
- 109 |
- 2 |
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#: 20252417
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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
Estimated market value
$374,100
$355,000 - $393,000
$1,871/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2026 | Price change | $388,000-1.8%$251/sqft |
Source: | ||
| 5/26/2025 | Listed for sale | $395,000$255/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $4,846 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 52043
Nearby schools
GreatSchools rating
- 5/10Elkader Elementary SchoolGrades: PK-6Distance: 1.4 mi
- 7/10Central Community Jr-Sr High SchoolGrades: 7-12Distance: 1.4 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Iowa
- Clayton County
- Elkader
- 52043
- 247 Franzen Ridge Rd





