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20349 County Road G40, Letts, IA, 52754

6beds
5baths
6,224sqft
$749,900
$120price/sqft
$5,349/moest. monthly cost
$213,960/yrincome needed

About This Home

Very unique with many possibilities, this 6 BR, 5 BA property on 4 acres is approx 18 miles W of Muscatine in the L-M school district. It includes both a 3 BR 3 BA ranch home AND a 3 BR 2 BA 2 story home connected by a walkway at the BM level. There is a shared 3 car heated garage. Numbers below are for both homes combined. There are separate MLS style data sheets in the documents section for each house. . There is also a more detailed description of the properties on a supplement sheet. The supplement can also be viewed in the photo section. All square footages, dimensions, sizes and details are taken from county records and/or previous MLS data and are not guaranteed. Buyers shall make own determination as to these specs. See supplement for more extensive description. This property is a very unique offering. There are 2 homes on a single 4.06 acre parcel. When the current owners purchased the property in 2021 the large ranch home (main home) was basically just a framed in shell. There was no interior finish. Since purchasing it, the sellers have completed the interior. The main home is 4,490 finished square feet on the main level with a 4,490 square foot unfinished basement. The kitchen, living room and dining area are presented as one large great room. There are several rooms that could be used for any number of purposes such as rec rooms, family rooms, foyer, office, etc. The bedrooms are all large. The raw square footage of this home allows all rooms be on the large side making for a very roomy, comfortable living experience. There are uncluttered views of country setting from most all rooms. The auxiliary house was the living quarters before the main home was built. It is a large home in its own right boasting 1,734 square feet on 2 levels plus a 1,020 square foot basement. This home would be ideal for use as a rental to help with expenses or as a second home for owners that need separate living quarters for dependent family members. Any number of uses could apply. The auxiliary home also has a 3 car attached garage which could be shared with the main home. The main MLS sheet shows the data for the main home. In the documents section there is a similar MLS type data sheet for the auxiliary home. In the photos section there are exterior dimensional sketches from court house data. Also, their is a photo of the floor plan for the main house. The interior photos are labeled as to whether it is for the Main House or the Auxiliary House. The property taxes shown on both MLS data sheets of $5,695.36 are for entire property as a parcel (both houses and land) is is not the amount for each house.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
15
BikeSomewhat Bikeable

Schools

5/10

Construction

Condition

  • Year built: 2001

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Refrigerator,Stove,Washer,Dishwasher
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 5
  • Full bathrooms: 3

Features

  • Bath Off Master
  • Number of fireplaces: 2
  • Fireplace features: 2 Basement
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 6,224

Heating & Cooling

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

Interior Area

  • Total structure area: 11,734
  • Total interior livable area: 6,224 sqft

Property

Details

  • Parcel number: 0304454000
  • Zoning: AD
  • Other equipment: Sump Pump

Features

  • Stories: 1
  • Patio & porch: Deck

Lot

  • Lot size: 4.06 Acres

Parking

  • Total spaces: 4
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

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

  • Strong Wind
    Strong WindVery High
  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Hail
Lightning
Cold Wave
Drought
Heat Wave
Inland Flooding
Ice Storm
Tornado
Winter Weather

FEMA Declared Disasters Across Iowa Counties

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 $3,791$45,492
Home Insurance *$436$5,232
Property Taxes $658$7,896
Electricity $464$5,571
Total$5,349$64,188
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$183,394/yr
40% on housing$160,470/yr
45% on housing$142,640/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: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: -3.1%
-3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$120This listing

vs Other Active Listings

Avg $/sqft

ZIP 52754$98
Louisa County$145

vs Homes Sold Last Month

Median $/sqft

ZIP 52754$135
Louisa County$100

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
2026-04-17Listed for sale$749,900
2021-11-30Listing removed--
2021-09-01Price change$1,500,000
2021-06-28Price change$1,750,000
2021-04-18Listed for sale$1,850,000
2021-02-12Sold$263,000
2020-12-14Listed for sale$265,000
2020-11-06Listing removed$295,000
2020-04-18Price change$295,000
2020-02-06Price change$325,000
2019-11-05Listed for sale$350,000

For Sale by Agent

AgentPete Hatfield
BrokerageExit Realty Group

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