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!
For sale
Price cut: $9.5K (9/21)
$480,000
4801 Palace Rd, Oelwein, IA 50662
3beds
1,206sqft
Acres
Built in 1941
16.32 Acres Lot
$-- Zestimate®
$398/sqft
$-- HOA
What's special
- 47 days
- 491
- 10
Zillow last checked:
Listing updated:
Listed by:
Jennifer L Drewelow 319-284-2283,
Century 21 Signature RE - Oelwein
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20263860
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
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: $398/sqft
- Tax assessed value: $252,050
- Annual tax amount: $2,646
- Date on market: 8/17/2026
- Cumulative days on market: 47 days
- Road surface type: Crushed Rock, Hard Surface Road
Estimated market value
Not available
Estimated sales range
Not available
$1,058/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/21/2026 | Price change | $480,000-1.9%$398/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20263860 Report a problem | ||
| 9/8/2026 | Price change | $489,500-2%$406/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263860 Report a problem | ||
| 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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 50662
Nearby schools
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.
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