Discover a hard to find 7.12 acre building site that offers the perfect blend of country living with in town convenience. Located on a brand-new resurfaced blacktop road, this property provides the peace, space, and scenery you’ve been searching for. Build your dream home, design the barndominium you’ve always envisioned, or explore the many possibilities this versatile acreage provides. Whenever you are looking for tranquility, space, or a place to create something truly special, this property has it all. Don’t miss out on this one!
Let me guess… you’ve been waiting for something with a little land, a great view, and still close to town? Yeah—so has everyone else. Sitting on 1.89 acres on the edge of town, this 3–4 bedroom 1.5 baths split-level checks the boxes buyers keep asking for. The lower level gives you options—use it as a bedroom, second living space, or whatever fits your setup. And let’s talk about that setting… perched up on the hill with that massive shade tree, this is the kind of place people slow down for when they drive by. Newer roof already done, plus a 2-car detached garage with plenty of room for vehicles, toys, or projects. Hard to find, easy to picture yourself in—and if you wait, someone else is going to grab it.
IAR #5483543
Jun 19, 2020
Sold
$57,900
Feb 9, 2020
Listed
$65,500
+15
Fantastic potential in this three bedroom, 1.5 bath HUD-owned acreage located at the south edge of Ottumwa at 746 Lake Road. The home has an open floor plan with a small mud room as you enter from the back. Bedrooms and a full bath can be located on the second level, plus there's an unfinished family room space and laundry room in the lower level. With some TLC this could be your dream home all on 1.89 acres!
Year
Property tax
Land + Additions
Assessment*
2026
$3,126 (−3.2%)
$28,590 + $138,850
$167,440
2025
$3,228 (−1.5%)
$28,590 + $138,850
$167,440
2024
$3,276 (+5.1%)
$28,590 + $138,850
$167,440
2023
$3,118 (−0.5%)
$28,590 + $130,520
$159,110
2022
$3,134 (+7.8%)
$28,590 + $130,520
$159,110
2021
$2,906 (+10.7%)
$28,590 + $101,880
$130,470
2020
$2,626 (−2.5%)
$28,590 + $94,870
$123,460
2019
$2,692 (+3.3%)
$28,590 + $85,700
$114,290
2018
$2,606 (+3.6%)
$28,590 + $85,700
$114,290
2017
$2,516 (+17.2%)
$28,590 + $85,700
$114,290
2016
$2,146 (+1.3%)
$28,590 + $79,970
$108,560
2014
$2,118
$28,800 + $69,110
$97,910
Public record
Beds
3
Baths
1.5
Stories
—
Lot width
—
Lot depth
—
Lot size
1.89 Acres
Year renovated
1968
Finished Sq. Ft.
1,654
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,654
Year built
1968
Style
Single Family Residential
County
Wapello County
APN
007417570080000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 29, 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
3/10 Heat Factor
7 days above 105° 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, 1 days in 30 years
Provided by First Street
Historical weather
Ottumwa, IA • 52501
Average low and high temperatures (°F)
32
15
40
22
60
36
66
46
74
52
83
64
87
69
83
65
81
59
71
49
51
35
38
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 29% for direct sun exposure in Ottumwa. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 746 Lake rd Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More