OFF MARKET

Off Market Feb 2021 for $280K

$227,877

•

2 ba

•

1,235

sq ft

28374 Magnolia Rd, Underwood, IA 51576

About this home

Opportunity to purchase an acreage with 4.0 acres, on a paved road, and within 15 minutes to the metro area. There is up to an additional 16 acres +/- that can be purchased with this property. This acreage features a 3bedroom all brick ranch style home with walkout basement, updated mechanicals & 1 car garage under, detached 2 car garage, several outbuildings including a 48' x 72' machine shed, 36' x68' barn, 13,500 bushel grain bin, fence-line feed bunks, detached garage & more. Located in the Underwood Iowa school district and just 1.5 miles east of I-80 make this a very desirable acreage. Sellers to install new septic system prior to closing. Survey to be paid by seller to increase the lot size to 4.0 acres +/-

Single-familyProperty Type

1958Year Built

$185Est. Price/Sq.Ft.

3 car garageParking

Listed by Byron Menke • Menke Auction & Realty

Bought with Lyndsey Golden • BHHS Ambassador Real Estate

Redfin checked: 2 minutes ago

•Source:SWIAR #20-2432

Redfin Estimate

$227,877

$52K since sold in February 2021$5,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 27% lower than the average sale price ($312K) of 6 comparable homes.

SOLD MAR 13, 2026
$300,000
A
3 beds1 bath1,580 sq ft
23354 Panama Ave, Underwood, IA 51576
SOLD APR 17, 2026
$369,900
B
3 beds2 baths1,494 sq ft
20264 Honeysuckle Rd, Council Bluffs, IA 51503
SOLD JAN 30, 2026
$392,500
C
3 beds1.5 baths1,220 sq ft
27566 Magnolia Rd, Underwood, IA 51576
SOLD MAY 4, 2026
$250,000
D
3 beds1.5 baths1,373 sq ft
104 Laurie Cir, Neola, IA 51559
SOLD JAN 23, 2026
$330,000
E
3 beds2 baths1,531 sq ft
20898 Bouvier Ln, Council Bluffs, IA 51503
SOLD MAR 27, 2026
$230,000
F
2 beds2 baths1,696 sq ft
518 North St, Underwood, IA 51576

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Earn from this home

Rent

$2,094/mo

Redfin rental estimate

List your home for rent

Market trends in 51576, IA

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.7%

+1.9% MoM

Median sale price

$370K

$84K MoM

Avg. days on market

86d

53 days MoM

Recently sold homes

3 MoM

New listings for sale

FOR SALE BY OWNER
$250,000
2 beds2 baths1,176 sq ft
143 3rd St, Underwood, IA 51576
See all

Provided by Redfin

Sale history for 28374 Magnolia Rd

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #5709473

Feb 5, 2021

Pending

—

Feb 1, 2021

Sold

$200,000

$162/sq ft

Feb 1, 2021

Sold

$200,000

$162/sq ft

Feb 1, 2021

Listed

$200,000

$162/sq ft

Feb 1, 2021

Listed

$200,000

$162/sq ft

16 acres of bare ground just 1.5 miles off I-80 at the Underwood Iowa exit, located on paved road with easy access to the Metro area. Land is currently being farmed and could be easily cash rented until you are ready to build your dream home and you want room for horses, cattle, or just some elbow room to enjoy the wide open spaces. Spare land is eligible to place into a CRP program if Federal funds are available. This land is being split from the acreage at 28374 Magnolia Road, but could be purchased together as well. Private Remarks: Final gross acres of this parcel and the corresponding taxes to be determined after final survey of the lot line adjustment.

SWIAR #20-2432

Feb 3, 2021

Sold

$280,000

$227/sq ft

Nov 23, 2020

Listed

$299,500

$243/sq ft

GPRMLS #22028829

Dec 21, 2020

Listing Removed

—

Nov 30, 2020

Price Changed

$475,000

$385/sq ft

Nov 23, 2020

Listed

$425,000

$344/sq ft

SWIAR #20-2352

Nov 23, 2020

Listed

$475,000

$385/sq ft

Tax history for 28374 Magnolia Rd

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

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

19.2 Acres

Year renovated

—

Sq. Ft.

1,235

Year built

1958

Style

Single Family Residential

County

Pottawattamie County

APN

7642 14 300 005

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jan 26, 2023.

R-1

Agricultural-Urban Transitional District

The R-1 District is intended to provide the opportunity for the continued development of non-farm dwellings and rural subdivisions in the rural unincorporated areas.

Permitted uses

Include but are not limited to:

Agriculture
Winery & vineyard
Community / recreation center
Religious facility
Housing-Single unit
Educational/school
Recreation
Golf related
Park & open space

Property details

Parking

Parking/Garage Information
Has Garage
# of Garage Spaces: 3
Parking Features: Garage Door Opener

Interior

Heating & Cooling
Has Cooling
Cooling: Ceiling Fan(s), Electric, Central Air
Has Heating
Heating: Natural Gas, Forced Air

Interior Features
Interior Features: Ceiling Fan(s)

Room Information
Laundry Features: In Basement, Electric Dryer Hookup, Washer Hookup
Has Basement
Basement Details: Full, Partially Finished

Exterior

Exterior Features
Roof: Composition

Building Information
Sq. Ft.: 1235.0
Above Grade Finished Area: 1,110
Below Grade Finished Area: 125
# of Stories Total: 1
Construction Materials: Frame, Brick

Property Features
Other Structures: Storage, Outbuilding, Barn(s), Grain Storage

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Single Family Residence

Lot Information
Road Surface Type: Concrete
Lot Size Dimensions: 4.0 acres

Utilities

Utility Information
Water Source: Private, Well
Utilities: Electricity Available, Propane
Sewer: Septic Tank

Location

Schools Information
Elementary School: Underwood
Middle Or Junior School: Underwood
High School: Underwood

Location Information
Directions: I-80 east of Council Bluffs to the Underwood exit, then east on Magnolia Road 1.5 miles to the property.

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 1,235
Stories: 1.0
Lot Size: 19.2 acres
Style: Single Family Residential
Year Built: 1958
Year Renovated: —
County: Pottawattamie County
APN: 7642 14 300 005

Home facts updated by county records on Jan 26, 2023

Around this home

Schools

Underwood Elementary School

Public PreK-5 • Assigned • 2.1mi

7/10

Underwood Middle School

Public 6-8 • Assigned • 2.1mi

9/10

Underwood High School

Public 9-12 • Assigned • 2.4mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Historical weather

Underwood, IA • 51576

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.3 hours in June and 4.2 hours in December, which is comparable to the U.S. average for solar exposure.

10.3 hrs

4.2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$217,000 – $263,000

Sell confidently with a local market expert in Underwood. 3 minutes to get started.

Nearby similar homes

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Land— sq ft

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Land— sq ft

8+ACRES Us-6, Council Bluffs, IA 51503

New listings for sale in 51576

FOR SALE BY OWNER

$250,000

2 beds2 baths1,176 sq ft

143 3rd St, Underwood, IA 51576

Home values near 28374 Magnolia Rd

Data from public records.

Address	Redfin Estimate
29255 Magnolia Rd, Underwood, IA 2 Beds \| 2 Baths \| 2220 Sq. Ft.	$482,951
29415 Magnolia Rd, Underwood, IA 3 Beds \| 1 Baths \| 1880 Sq. Ft.	$453,211

Address	Redfin Estimate
29221 Magnolia Rd, Underwood, IA 2 Beds \| 2 Baths \| 1598 Sq. Ft.	$385,012
29456 Magnolia Rd, Underwood, IA 3 Beds \| 2 Baths \| 1516 Sq. Ft.	$361,942

Address	Redfin Estimate
28918 Magnolia Rd, Underwood, IA 5 Beds \| 1 Baths \| 840 Sq. Ft.	$277,364
28727 Magnolia Rd, Underwood, IA 3 Beds \| 1 Baths \| 2214 Sq. Ft.	$521,973

Property information provided by SWIAR when last listed in 2020. This data may not match . Learn more.

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