OFF MARKET

Off Market May 2022 for $249K

$235,940

•

—

sq ft

58 Arrowhead Rd, Melrose, IA 52569

About this home

1st time on the market, this custom built home has a beautiful view of Rathbun Lake from the Indian Ridge Subdivision, resting on the far west side of the lake. 2 bedroom, 2 bath property sits on 5 lots and has a 26x32 detached garage as well as a tool shed. Walk out basement could be easily finished, but is currently set up as an additional living space, with a couple of beds and a 3/4 bath. Vaulted great room with 2nd bedroom in the loft. Covered porch overlooking the lake and a wood stove. Additionally there are 4 lots with a garage and a small cabin that can be purchased with the property. Don't let this one get away. .. these lake properties are harder and harder to find.

Single-familyProperty Type

2012Year Built

0.29 acresLot Size

2 car garageParking

Listed by Jason Oglesby • Iowa Realty South Lakes

Bought with Carie Leon • Iowa Realty South Lakes

Redfin checked: a minute ago

•Source:IAR #6163939

Redfin Estimate

$235,940

$14K since sold in May 2022$4,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 12.8% higher than the average sale price ($209K) of 6 comparable homes.

SOLD AUG 12, 2026
$165,000
A
3 beds2 baths2,040 sq ft
5365 Longhorn Trl, Melrose, IA 52569
SOLD JUL 20, 2026
$325,000
B
Studio— baths1,403 sq ft
12181 Arapaho Dr, Moravia, IA 52571
SOLD JUN 15, 2026
$314,900
C
3 beds2 baths2,400 sq ft
17922 Shanghi Rd, Moravia, IA 52571
SOLD AUG 13, 2026
$155,000
D
2 beds2.5 baths1,244 sq ft
600 N Johnson St, Corydon, IA 50060
SOLD MAY 19, 2026
$75,000
E
2 beds1 bath1,200 sq ft
5218 2nd Ct, Melrose, IA 52569
SOLD MAY 29, 2026
$220,000
F
2 beds2 baths1,152 sq ft
508 E Smith St, Russell, IA 50238

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Market trends in 52569, IA

Last updated August 2026

Sale-to-List Price

98.4%

0.8% MoM

Median sale price

$369K

$201K MoM

Avg. days on market

135d

443 days MoM

Recently sold homes

0 MoM

Provided by Redfin

Sale history for 58 Arrowhead Rd

Year

Property tax

Land + Additions

Assessment*

2025

$288 (+2.9%)

$5,900 + $18,460

$24,360

2024

$280 (−4.8%)

$4,250 + $17,050

$21,300

2023

$294 (+63.3%)

$4,250 + $17,050

$21,300

2022

$180 (+7.1%)

$4,250 + $14,520

$18,770

2021

$168 (+2.4%)

$4,250 + $14,520

$18,770

2020

$164 (−4.7%)

$1,770 + $8,260

$10,030

2019

$172 (+3.6%)

$1,770 + $8,260

$10,030

2018

$166 (+591.7%)

$1,420 + $8,460

$9,880

2017

$24 (−7.7%)

$1,420 + $8,460

$9,880

2016

$26 (+30.0%)

$1,416

2014

$20

$1,062

2012

$20

$1,147

Tax history for 58 Arrowhead Rd

Year

Property tax

Land + Additions

Assessment*

2025

$288 (+2.9%)

$5,900 + $18,460

$24,360

2024

$280 (−4.8%)

$4,250 + $17,050

$21,300

2023

$294 (+63.3%)

$4,250 + $17,050

$21,300

2022

$180 (+7.1%)

$4,250 + $14,520

$18,770

2021

$168 (+2.4%)

$4,250 + $14,520

$18,770

2020

$164 (−4.7%)

$1,770 + $8,260

$10,030

2019

$172 (+3.6%)

$1,770 + $8,260

$10,030

2018

$166 (+591.7%)

$1,420 + $8,460

$9,880

2017

$24 (−7.7%)

$1,420 + $8,460

$9,880

2016

$26 (+30.0%)

$1,416

2014

$20

$1,062

2012

$20

$1,147

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

2,614 Sq. Ft.

Year renovated

2014

Sq. Ft.

—

Year built

2014

Style

Other

County

Wayne County

APN

040F01400058

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 10, 2026.

Property details

Parking

Parking/Garage Information
Has Garage
# of Garage Spaces: 2

Interior

Bathroom Information
# of Full Bathrooms: 1
# of Three Quarter Bathrooms: 1

Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Forced Air

Interior Features
Has Fireplace
# of Fireplaces: 1

Room Information
Has Basement
Basement Details: Walk-Out Access, Full

Exterior

Building Information
# of Stories Total: 1

Property Information
Property Type: Residential

Lot Information
Lot Size Dimensions: irregular
Lot Size Acres: 0.29

Financial

Tax Information
Tax Annual Amount: $1,134

Utilities

Utility Information
Water Source: Private
Sewer: Private Sewer

Location

HOA Information
Has Homeowners Association
Association Fee: $1,500
Association Fee Frequency: Annually
Derived Association Fee (Monthly): $125
Association Fee Includes: Water

Schools Information
High School District: Wayne

Location Information
Directions: Indian Ridge Subdivision
Subdivision Name: Indianridge

Public facts

Beds: —
Baths: 1.0
Sq. Ft.: —
Stories: —
Lot Size: 2,614 square feet
Style: Other
Year Built: 2014
Year Renovated: 2014
County: Wayne County
APN: 040F01400058

Home facts updated by county records on Jul 10, 2026

Around this home

Schools

Wayne Elementary School

Public PreK-6 • Assigned • 14.8mi

4/10

Wayne Community Jr-Senior High School

Public 7-12 • Assigned • 14.5mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 103° expected this year, 15 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Melrose, IA • 52569

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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Home values near 58 Arrowhead Rd

Data from public records.

Address	Redfin Estimate
56 Arrowhead Road, Melrose, IA 1 Beds \| 1 Baths \| 1462 Sq. Ft.	$193,748
66 Arrowhead Road, Melrose, IA - Beds \| 1 Baths \| 720 Sq. Ft.	—

Address	Redfin Estimate
61 Arrowhead Road, Melrose, IA 1 Beds \| 1 Baths \| - Sq. Ft.	$82,317
54 Arrowhead Road, Melrose, IA 1 Beds \| 1 Baths \| 600 Sq. Ft.	$89,640

Address	Redfin Estimate
67 Arrowhead Road, Melrose, IA 1 Beds \| 1 Baths \| 672 Sq. Ft.	—
26 Aztec Circle, Melrose, IA 3 Beds \| 2 Baths \| 1574 Sq. Ft.	$174,607

Property information provided by IAR when last listed in 2022. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 52569, IA

Sale history for 58 Arrowhead Rd

Tax history for 58 Arrowhead Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

Home values near 58 Arrowhead Rd

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