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220 W 3rd St, Spencer, IA, 51301

5beds
2baths
1,647sqft
$215,000
$131price/sqft
$1,657/moest. monthly cost
$66,280/yrincome needed

About This Home

This completely renovated 5 bed, 2 bath home combines timeless charm with the peace of mind that comes from extensive modern updates. Thoughtfully transformed by Orris Construction, this home offers 1,647 finished sq ft, close proximity to downtown Spencer, and quality craftsmanship throughout. From the moment you arrive, you’ll appreciate the fresh curb appeal featuring new siding, gutters, upgraded windows and doors, and fresh landscaping. Inside, the home has been extensively updated with new subfloors and interior walls, giving it a new construction feel. The main floor features a large living area with plenty of natural light, custom built-ins, and a spacious kitchen and dining area for entertaining. Just off the kitchen is a large mudroom with ample storage and convenient access to your laundry and covered patio. Completing the main level is a spacious flex room—to use as your primary bedroom, an office, or however you see fit—as well as a full bath. Heading upstairs provides more flexibility and room to grow with 4 additional bedrooms and another full bath with tile surround. Major mechanical updates including a new furnace, water heater, and electric panel provide added confidence for years to come. This move-in ready home is one you won’t want to miss, so schedule a private showing today!

Getting Around

63
WalkingSomewhat Walkable
0
TransitVery Limited Transit
58
BikeBikeable

Schools

--
Johnson Elementary SchoolGrades PK-K0.6 mi
9/10
Spencer Middle SchoolGrades 6-81.3 mi
7/10
Spencer High SchoolGrades 9-120.9 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1900

Materials

  • Roof: Asphalt
  • Construction materials: Vinyl Siding,Concrete,Stick Built

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Range/Stove,Refrigerator,Electric Water Heater
  • Laundry features: Main Level,Washer/Dryer Hkups

Basement

  • Area: 427

Basement

  • Has basement: Yes
  • Basement: Unfinished,Block,Partial

Bathroom

  • Features: Main Floor Full Bath,Upper Level Bath

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Combine with Kitchen

Features

  • Eat-in Kitchen,Main Floor Bedrooms
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 1,647
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,074
  • Total interior livable area: 1,647 sqft

Property

Details

  • Parcel number: 963618106002

Features

  • Levels: Two,One and One Half
  • Stories: 1
  • Patio & porch: Patio

Lot

  • Lot size: 5,227 sqft
  • Lot size dimensions: 44 x 122

Parking

  • Total spaces: 1
  • Parking features: Gravel,Detached,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Tornado
Winter Weather
Cold Wave
Hail
Strong Wind

FEMA Declared Disasters Across Iowa Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,087$13,044
Home Insurance *$233$2,796
Property Taxes $215$2,580
Electricity $122$1,474
Total$1,657$19,884
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$56,811/yr
40% on housing$49,710/yr
45% on housing$44,186/yr

Iowa FAIR Plan Programs

Iowa FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 1,021Commercial: 22
Total Premiums$1.14M
Total Exposure$85.68M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.9%
10.9%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: -1.9%
-1.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$131This listing

vs Other Active Listings

Avg $/sqft

ZIP 51301$90
Clay County$98

vs Homes Sold Last Month

Median $/sqft

ZIP 51301$111
Clay County$122

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-07Listed for sale$220,000
2024-07-08Sold$40,000
2021-03-31Sold$59,000
2020-11-15Listing removed$58,900
2020-03-15Listed for sale$58,900
2018-06-26Listing removed$39,500
2018-06-15Listed for sale$39,500

For Sale by Agent

AgentSean Kondrath
BrokerageReal Estate Unlimited

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