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2470 3rd Ave, Marion, IA, 52302

2beds
2baths
864sqft
$102,000
$118price/sqft
$837/moest. monthly cost
$33,480/yrincome needed

About This Home

You have probably seen listings that say, "Come put your finishing touches on this." With this listing, you can put all the touches on it. This property was purchased as an investment property by seller, but he ended up gutting it and now it is essentially a shell. The plan was to finish it as a two bed, two bath home, and plans have already been approved by the city. Circumstances changed, and seller is putting the home on the market as is. Exterior is in good shape, roof is six year old, and windows are newer. The deck overlooks a large backyard, and although there isn't a garage, there is room to add one, and there is currently off street parking. Furnace that comes with property is also three years old. Location is just across from Francis Marion Intermediate School, and potential for a profitable rental property here is still good. Easy to show, bring your construction savvy buyers and check this one out.

Getting Around

55
WalkingSomewhat Walkable
0
TransitVery Limited Transit
50
BikeBikeable

Schools

8/10
Vernon Middle SchoolGrades 5-80.5 mi
7/10
Marion High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 1955

Materials

  • Foundation: Slab
  • Construction materials: Frame,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

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

Features

  • Main Level Primary
  • Finished area below ground: 0
  • Finished area above ground: 864

Interior Area

  • Total interior livable area: 864 sqft

Other

  • Level: First

Property

Details

  • Parcel number: 150615502000000

Features

  • Stories: 1
  • Patio & porch: Deck
  • Exterior features: Fence

Lot

  • Lot size: 6,011 sqft
  • Lot size dimensions: 50 x 120

Parking

  • Parking features: None,Off Street

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
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

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

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 $515$6,180
Home Insurance *$54$648
Property Taxes $147$1,764
Electricity $121$1,452
Total$837$10,044
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$28,697/yr
40% on housing$25,110/yr
45% on housing$22,320/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: 13.0%
13.0%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$118This listing

vs Other Active Listings

Avg $/sqft

ZIP 52302$179
Linn County$164

vs Homes Sold Last Month

Median $/sqft

ZIP 52302$137
Linn County$132

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
2026-06-30Price change$102,000
2026-06-26Price change$109,000
2026-06-19Price change$102,000
2026-06-01Listed for sale$109,000
2023-05-12Sold$125,000
2023-04-28Pending sale$125,000
2023-04-28Listed for sale$125,000
2021-03-24Listing removed--
2018-07-19Sold$80,000
2018-05-14Pending sale$87,000
2018-05-11Listed for sale$87,000
2016-10-12Listing removed--
2016-09-15Listed for sale--

For Sale by Agent

AgentRandy Richter
BrokerageRUHL & RUHL REALTORS®

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