For sale

$489,500

Est. $3,133/mo —

•

1,206

sq ft

4801 Palace Road Rd, Oelwein, IA 50662

About this home

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!

Single-familyProperty Type

1941Year Built

16.32 acresLot Size

$406Price/Sq.Ft.

2 spacesParking

Listed by Jennifer Drewelow • Century 21 Signature RE - Oelwein

Listing updated: Sep 10, 2026 at 06:02am

Redfin checked: 2 minutes ago

•Source:NEIRBR as distributed by MLS GRID #20263860

Payment calculator

$3,133 per month

Principal and interest$2,671

Property taxes

$220

HOA dues

Home insurance

$241

Utilities

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Down payment assistance

View down payment assistance programs for this home

Open houses

No upcoming open houses.

Nearby open houses (3)

Around this home

Schools

K - 12
Preschool & daycare

Wings Park Elementary School

Public 1-4 • Assigned • 1.3mi

7/10

Oelwein Middle School

Public 5-8 • Assigned • 1.8mi

2/10

Oelwein High School

Public 9-12 • Assigned • 1.8mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

4801 Palace Road Rd · $489,500

Strong offer

$487K and above

75% chance or better to win

Why $487K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 30 days.

SALE-TO-LIST

Most homes are selling 7% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Water softener (owned)
No fireplace

Bathrooms
1 full bathroom
1 half bathroom

Kitchen
Dishwasher
Free‑standing range
Refrigerator

Laundry & utility
Washer
Dryer
Main-level laundry
Gas water heater

Heating & cooling
Forced air heating (natural gas and propane)
Central air conditioning
Ductless cooling

Sale and tax history for 4801 Palace Road Rd

Sale History
Tax History

Date

Event

Price

NEIRBR as distributed by MLS GRID #20263860

Sep 8, 2026

Price Changed

$489,500

$406/sq ft

Aug 17, 2026

Listed

$499,500

$414/sq ft

NEIRBR as distributed by MLS GRID #20190204

Jun 7, 2019

Sold

$218,000

$181/sq ft

Jan 11, 2019

Listed

$221,900

$184/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,530 (+1.5%)

$106,600 + $145,450

$252,050

2024

$2,492 (+8.0%)

$106,600 + $145,450

$252,050

2023

$2,308

$106,600 + $124,120

$230,720

2022

$2,308 (−1.9%)

$106,600 + $124,120

$230,720

2021

$2,352 (+2.1%)

$82,450 + $97,320

$179,770

2020

$2,304 (+6.8%)

$52,170 + $121,400

$173,570

2019

$2,158 (+3.2%)

$52,170 + $121,400

$173,570

2018

$2,092 (+13.7%)

$52,170 + $121,400

$173,570

2017

$1,840 (+3.0%)

$46,130 + $94,390

$140,520

2016

$1,786 (+0.1%)

$46,130 + $88,320

$134,450

2015

$1,784

$46,130 + $88,320

$134,450

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

16.32 Acres

Year renovated

1941

Finished Sq. Ft.

1,206

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,206

Year built

1941

Style

Single Family Residential

County

Fayette County

APN

1816100002

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 15, 2026.

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

2/10 Heat Factor

7 days above 100° expected this year, 15 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Oelwein, IA • 50662

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

95/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 15% for direct sun exposure in Oelwein. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.9 hrs

5.8 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 4801 Palace Road Rd

$466,371

$23K under list price of $490K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $35K to $185K.

SOLD AUG 28, 2026
$50,000 Last sold price
3 beds1 bath1,222 sq ft
140 2nd Ave Ave NW, Oelwein, IA 50662
$365/sq ft
smaller lot
41 years older
SOLD SEP 1, 2026
$184,500 Last sold price
3 beds2 baths1,176 sq ft
1864 100th St, Oelwein, IA 50662
$249/sq ft
smaller lot
19 years newer
SOLD AUG 4, 2026
$50,000 Last sold price
3 beds1 bath1,148 sq ft
415 2nd Ave Ave NE, Oelwein, IA 50662
$362/sq ft
smaller lot
34 years older
SOLD JUN 9, 2026
$167,000 Last sold price
3 beds1.5 baths1,567 sq ft
1008 1st St St NE, Oelwein, IA 50662
$299/sq ft
smaller lot
27 years newer
SOLD JUL 14, 2026
$59,900 Last sold price
2 beds1.5 baths1,099 sq ft
827 NE 1st Ave, Oelwein, IA 50662
$351/sq ft
smaller lot
2 years newer
SOLD APR 27, 2026
$35,000 Last sold price
2 beds1 bath878 sq ft
519 2nd Ave Ave NW, Oelwein, IA 50662
$366/sq ft
smaller lot
19 years older

Rental earnings

Est. $2,062 per month, based on comparable rentals

Contact listing agent

Jennifer Drewelow

Century 21 Signature RE - Oelwein

319-284-2283

Jenn@c21sre.com

At this time, Redfin doesn't have an agent available to help you with this home.

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Details provided by NEIRBR as distributed by MLS GRID and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Open houses

Nearby open houses (3)

Around this home

Schools

Lifestyle

Offer insights

Property details

Sale and tax history for 4801 Palace Road Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 4801 Palace Road Rd

Contact listing agent

Nearby similar homes

New listings for sale in 50662

More real estate resources