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For sale
  • $345,000

    227 Lake Ave, Storm Lake, IA 50588

    5beds
    3baths
    2,808sqft
    : 
    Single Family Residence, Residential
    Built in 1957
    0.26 Acres Lot
    $337,000 Zestimate®
    $123/sqft
    $-- HOA

    What's special

    Private backyard retreatInviting layoutBeautiful granite countertopsBlack stainless steel appliancesHardwood cabinetry
    Located on historic Lake Avenue, this gorgeous 5-bedroom, 3-bathroom home offers charm, space, and an unbeatable location. Enjoy the convenience of being within walking distance to downtown, the lake, and nearby parks while still enjoying the comfort of a beautiful residential setting. Inside, the home is awash with natural light thanks to its many windows and inviting layout. The stunning chef’s kitchen remodel is truly a highlight of the home, featuring beautiful granite countertops, black stainless steel appliances, and hardwood cabinetry. Just off the kitchen is a large dining room, perfect for hosting gatherings or game nights. The spacious living room is centered around a classic wood-burning fireplace, creating a warm and welcoming focal point. (The chimney has been capped and would require some work to restore functionality.) The main level also includes a bedroom currently used as a home office, along with a convenient half bath for guests. Upstairs, you will find four additional bedrooms, including a generously sized primary suite complete with a walk-in closet and an ensuite 3/4 bathroom featuring a quality Onyx shower insert. The full basement is partially finished and offers fantastic additional living space. It serves as an excellent hub for entertaining with its custom bar area. The basement is dry (Thrasher system) and includes a radon mitigation system for added peace of mind. The home also features a reverse osmosis water filtration system. Energy efficiency has been thoughtfully addressed with the addition of 18 inches of insulation in the attic. Step outside to enjoy a private backyard retreat. A stamped concrete patio surrounds a cozy fire pit, perfect for relaxing evenings outdoors. Additional highlights include an attached two-car garage with a convenient breezeway, and a 10x20 ft brand new shed! The luxurious hot tub and gazebo surround is available for purchase separately. This Lake Avenue beauty will not last long! Schedule a tour today!
    18 days
    |
    1,642
    |
    19
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    Zillow last checked: 7 hours ago

    Listing updated: March 18, 2026 at 08:56am

    Listed by:

    Steven Brashears 712-299-4684,

    Compass Real Estate of NW IA

    Source: Northwest Iowa Regional BOR,MLS#: 832134MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Main level bathrooms: 1
      • Main level bedrooms: 1
      Rooms
      • Room types: Kitchen, Living, Dining, Half Bath, Bedroom, Full Bath, 3/4 Bath, Family, Laundry
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Water Softener: None
      • Laundry: In Basement
      Features
      • Basement: Block,Partially Finished
      Interior area
      • Total structure area: 2,808
      • Total interior livable area: 2,808 sqft
      • Finished area above ground: 2,268
      • Finished area below ground: 540

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Concrete
      • Attached garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 0.26 Acres
      Details
      • Parcel number: 1403405001

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence, Residential
      Materials
      • Brick, Steel Siding
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1957

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: City

      Community & HOA

      Location
      • Region: Storm Lake

      Financial & listing details

      • Price per square foot: $123/sqft
      • Tax assessed value: $316,030
      • Annual tax amount: $6,587
      • Price range: $345K - $345K
      • Date on market: 3/16/2026
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        Estimated market value

        $337,000

        $320,000 - $354,000

        $2,268/mo

        Price history

        Price history
        DateEventPrice
        3/16/2026Listed for sale$345,000+15.4%$123/sqft
        Source: Northwest Iowa Regional BOR #832134 Report a problem
        3/26/2022Listing removed--
        Source: Owner Report a problem
        3/23/2022Listed for sale$299,000+35.9%$106/sqft
        Source: Owner Report a problem
        4/26/2019Sold$220,000-2.2%$78/sqft
        Source: Public Record Report a problem
        3/11/2019Listed for sale$224,900$80/sqft
        Source: Real Estate Specialists #804158 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$5,834 +11.6%$316,030
        2023$5,228 +3.1%$316,030 +30%
        2022$5,070 +8.3%$243,130
        2021$4,680 +1.9%$243,130 +13.4%
        2020$4,592 +6.8%$214,400
        2019$4,300 +4.5%$214,400 +8.4%
        2018$4,114 +0.1%$197,760
        2017$4,110 +2.2%$197,760 +2.7%
        2016$4,022 $192,610 +4%
        2015$4,022 +6.2%$185,200
        2014$3,788 +5.6%$185,200
        2013$3,586 +3%--
        2012$3,480 -1.5%$185,200
        2011$3,534 +1.7%--
        2010$3,476 +1.3%--
        2009$3,432 +4.7%--
        2008$3,278 +13.5%--
        2007$2,888 --

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $2,102/mo
        Principal & interest
        $1745
        Property taxes
        $357
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          Climate risks

          Neighborhood: 50588

          Getting around

          64 / 100
          Somewhat Walkable
          66 / 100
          Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Storm Lake
          • Middle: Storm Lake
          • High: Storm Lake

          Source: Northwest Iowa Regional BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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