502 N 4th St, Farmington, IA, 52626

About This Home

Situated in the idyllic small town of Farmington, Iowa, this 28,000 square foot home is a remodeler’s dream. A blank canvas with numerous large rooms and bathrooms, solid structure (the exterior walls are over one foot thick), and enormous windows this is an opportunity for a visonary to build their dream mansion. Built in 1956 the all-brick structure has 12 spacious rooms plus an office area, a ball room, four large bathrooms (with a small half bath in the office), a boiler room, a full gymnasium with six basketball hoops (including one that is retractable), a working scoreboard, a stage in the gym, and 10 foot-wide hallways. There are two basements as well for extra storage. While the interior of this home needs a keen eye, the 8.34 acre yard is a resplendent oasis filled with mature trees including oak, red maple, and northern white pine. There is even a large gazebo and outdoor basketball court with six hoops. In the 1950s the land was a city park and still retains the look and feel of a park. Water is provided by the city, as is sewer and trash pickup. There is a defunct well on the property as well that could be rehabilitated for watering gardens and flora. Structurally the building is in excellent condition. There are no electrical issues and only minor plumbing issues (the pipes that take water from the boiler room to the main area of the building were cut years ago and have never been reconnected). The boiler is LP (liquid petroleum) gas but does not work and will need to be replaced to heat most of the building; there are separate heat pumps above the locker rooms and in the office area.