For sale

$294,500

Est. $1,961/mo —

•

2,892

sq ft

5067 Palace Rd, Oelwein, IA 50662

About this home

Over an acre on a hard surface road just outside city limits and priced to sell--you definitely want to see this property in person! Sitting just north of Oelwein, this acreage features multiple living areas and incredible outdoor space. The main level has an updated kitchen that opens to a rear deck, while the living room and dining room open up to a front deck, and both decks overlook an incredible flower garden. Three bedrooms and a hall office complete the main floor, along with two bathrooms, one of which has a shower and laundry while the other has an extra deep jet tub and dual sinks. The walkout lower level could be its entirely own living space, with a sitting area, a huge bar, a full kitchen, another bathroom, an additional living room and a bedroom. The sellers have spent countless hours creating an outdoor sanctuary that has several spaces to both relax and entertain. We don't see acreages come along at this price point often, especially with this much usable space.

Single-familyProperty Type

1959Year Built

1.1 acresLot Size

$102Price/Sq.Ft.

1 spaceParking

Listed by Erica Bushaw • Century 21 Signature RE - Oelwein

Listing updated: Nov 8, 2026 at 05:03am

Redfin checked: a minute ago

•Source:NEIRBR as distributed by MLS GRID #20265435

Payment calculator

$1,961 per month

Principal and interest$1,587

Property taxes

$233

HOA dues

Home insurance

$140

Utilities

Add

5 minutes to get started. No credit impact.

Affordability tools

Open houses

No upcoming open houses.

Nearby open houses (1)

Around this home

Schools

K - 12
Preschool & daycare

Wings Park Elementary School

Public 1-4 • Assigned • 1.5mi

7/10

Oelwein Middle School

Public 5-8 • Assigned • 2.1mi

2/10

Oelwein High School

Public 9-12 • Assigned • 2.1mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

5067 Palace Rd · $294,500

Strong offer

$301K and above

75% chance or better to win

Why $301K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 27 days.

SALE-TO-LIST

Most homes are selling 4% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Finished basement with walk-out access and block construction

Bathrooms
2 full bathrooms
1 three-quarter bathroom

Kitchen
Dishwasher, microwave, free-standing range, refrigerator

Laundry & utility
Main-level laundry

Heating & cooling
Forced-air heating with propane
Central air conditioning

Sale and tax history for 5067 Palace Rd

Sale History
Tax History

Date

Event

Price

NEIRBR as distributed by MLS GRID #20265435

Nov 6, 2026

Listed

$294,500

$102/sq ft

NEIRBR as distributed by MLS GRID #20203465

Apr 19, 2021

Sold

$208,500

$72/sq ft

Jul 13, 2020

Listed

$206,000

$71/sq ft

+25

Amazing acreage in so many ways! Close to town on paved road. Completely remodeled in 2015. Immaculate. 2892 SF of living space. You really must see to believe. Newer kitchen with bar and all appliances included walks out to a private back yard deck. Bright and sunny living room and formal dining area. 3 main floor bedrooms. 2 main floor baths, one with shower and laundry the 2nd with jetted tub and double sinks. Also on the mail floor is a nice hallway office area. In the lower level you'll find large family room with beautiful bar, non conforming bedroom, bath and an extra kitchen. The finished basement would be perfect for the growing family or a mother-in-law apartment. Roof, gutters and windows are 3 years old. AC and updated electrical panel in 2020. 1.1 acres with beautiful perennial garden with water feature. 1 stall attached garage with plenty of space to expand. Call today to see for yourself. (Parcel to west is not included in this listing. Seller plans to retain and live in the apartment)

Public Records

Dec 30, 2005

Sold

$87,000

$30/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$2,684 (+6.3%)

$31,630 + $228,040

$259,670

2025

$2,526 (+1.4%)

$31,630 + $228,040

$259,670

2024

$2,490 (+6.4%)

$31,630 + $228,040

$259,670

2023

$2,340

$31,630 + $198,780

$230,410

2022

$2,342 (+63.1%)

$31,630 + $198,780

$230,410

2021

$1,436 (+2.1%)

$25,380 + $156,790

$182,170

2020

$1,406 (+6.7%)

$28,250 + $81,120

$109,370

2019

$1,318 (+3.3%)

$28,250 + $81,120

$109,370

2018

$1,276 (+12.9%)

$28,250 + $81,120

$109,370

2017

$1,130 (+3.1%)

$25,000 + $63,640

$88,640

2016

$1,096

$25,000 + $60,870

$85,870

2015

$1,096 (+2.4%)

$25,000 + $60,870

$85,870

2014

$1,070

$25,000 + $60,870

$85,870

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

1.1 Acres

Year renovated

1959

Finished Sq. Ft.

2,892

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,892

Year built

1959

Style

Single Family Residential

County

Fayette County

APN

1809300005

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 12, 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

100/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 2% for direct sun exposure in Oelwein. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

11.1 hrs

6.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 5067 Palace Rd

$295,281

$781 over list price of $295K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $125K to $235K.

SOLD JUL 23, 2026
$188,900 Last sold price
2 beds1 bath1,912 sq ft
14 7th Ave Ave SW, Oelwein, IA 50662
$3/sq ft
smaller lot
59 years older
SOLD JUL 29, 2026
$235,000 Last sold price
4 beds2.5 baths2,242 sq ft
726 8th Ave Ave NE, Oelwein, IA 50662
$3/sq ft
smaller lot
18 years newer
SOLD JUL 14, 2026
$145,000 Last sold price
4 beds2 baths2,851 sq ft
203 1st Ave Ave NE, Oelwein, IA 50662
$51/sq ft
smaller lot
45 years older
SOLD APR 17, 2026
$190,000 Last sold price
2 beds1.5 baths1,665 sq ft
718 7th Ave Ave NE, Oelwein, IA 50662
$12/sq ft
smaller lot
unfinished basement
SOLD OCT 29, 2026
$186,000 Last sold price
3 beds2 baths1,926 sq ft
519 5th Ave Ave NE, Oelwein, IA 50662
$5/sq ft
smaller lot
12 years newer
SOLD OCT 27, 2026
$125,000 Last sold price
3 beds2 baths2,359 sq ft
501/507 E Charles St St, Oelwein, IA 50662
$49/sq ft
smaller lot
21 years older

Rental earnings

Est. $3,284 per month, based on comparable rentals

Contact listing agent

Erica Bushaw

Century 21 Signature RE - Oelwein

319-400-1717

erica@c21sre.com

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

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New listings for sale in 50662

VIDEO TOUR

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4 beds3 baths2,892 sq ft

5067 Palace Rd, Oelwein, IA 50662

Updated kitchen • Rear deck • Front deck

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3 beds2 baths2,313 sq ft

29 7th Ave Ave NW, Oelwein, IA 50662

Large corner lot • Full basement • 0.32 acre lot

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

Affordability tools

Open houses

Nearby open houses (1)

Around this home

Schools

Lifestyle

Offer insights

Property details

Sale and tax history for 5067 Palace Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 5067 Palace Rd

Contact listing agent

Nearby similar homes

New listings for sale in 50662

More real estate resources