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401 Jerome St, Marshalltown, IA, 50158

3beds
2baths
3,354sqft
$390,000
$116price/sqft
$3,231/moest. monthly cost
$129,240/yrincome needed

About This Home

OWN A REMARKABLE PIECE OF MARSHALLTOWN HISTORY! Built in 1860 by newspaper editor Tomas Mercer, this distinctive home blends timeless character with thoughtful modern updates. A grand wrap-around porch with gingerbread trim welcomes you into a home filled with original detail, fascinating stories, and exceptional space. Inside, you will find 3 bedrooms with a potential 4th, a den or office, two full bathrooms, a spacious living room, and a sun filled kitchen designed for gathering. The kitchen features white Wood-Mode cabinetry, handmade Italian tile, a brick-red tin-style ceiling, high-end appliances, a built-in breakfast booth, and large windows. An adjoining four-season greenhouse offers a peaceful place to enjoy natural light year-around. Both bathrooms include quality Kohler fixtures, marble tile, and a cast-iron whirlpool tub. Two staircase, including a grand front staircase and a three-story back staircase, provide access throughout the home, while abundant storage supports everyday living, hobbies, and projects. The offering for sale includes two adjoining properties, 401 Jerome St and 404 N 4th St, being offered together as one property. The historic residence is located on the 404 N 4th St parcel. Set on two lots, the property also includes a secluded patio, a basement garage, and a detached garage. Lovingly cared for by the same family for nearly 80 years, this is more than a house-- it is a rare opportunity to become part of Marshalltown's story.

Getting Around

53
WalkingSomewhat Walkable
18
TransitMinimal Transit
57
BikeBikeable

Schools

2/10
Rogers Elementary SchoolGrades PK-40.1 mi
2/10
B R Miller Middle SchoolGrades 7-80.8 mi
4/10
Marshalltown High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1865

Materials

  • Roof: Shingle,Pitched
  • Construction materials: Frame,Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Cooktop,Wall Oven,Microwave,Dishwasher,Refrigerator,Freezer,Washer,Dryer,Disposal,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom2

  • Level: Upper

Bedroom3

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Main

Family Room

  • Level: Upper

Features

  • Trim: Painted
  • Flooring: Carpet,Hardwood
  • Finished area below ground: 150
  • Finished area above ground: 3,204
  • Common walls with other units/homes: 0

Heating & Cooling

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

Interior Area

  • Total interior livable area: 3,354 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Other

  • Level: Upper

Other

  • Level: Main

Other

  • Level: Upper

Other

  • Level: Main

Other

  • Level: Main

Other

  • Level: Main

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 841826305018
  • Zoning: Residential-Single Family
  • Foundation area: 1514

Features

  • Levels: Two

Lot

  • Lot size: 0.55 Acres
  • Features: Corner Lot,Wooded
  • Lot size dimensions: 75' x 136' & 100' x 136'

Parking

  • Total spaces: 4
  • Parking features: Tuckunder Garage
  • 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
  • Tornado
    TornadoVery High
  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Winter Weather
Hail
Inland Flooding
Lightning

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 $1,972$23,664
Home Insurance *$444$5,328
Property Taxes $565$6,780
Electricity $250$3,002
Total$3,231$38,772
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$110,777/yr
40% on housing$96,930/yr
45% on housing$86,160/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: 11.3%
11.3%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: -1.2%
-1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$116This listing

vs Other Active Listings

Avg $/sqft

ZIP 50158$98
Marshall County$108

vs Homes Sold Last Month

Median $/sqft

ZIP 50158$111
Marshall County$123

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
2026-07-30Listed for sale$390,000

For Sale by Agent

AgentChris R Brodin
BrokeragePremier Real Estate

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