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746 Lake Rd, Ottumwa, IA, 52501

4beds
2baths
0sqft
$185,000
--price/sqft
$1,590/moest. monthly cost
$63,600/yrincome needed

About This Home

Discover a hard to find 7.12 acre building site that offers the perfect blend of country living with in town convenience. Located on a brand-new resurfaced blacktop road, this property provides the peace, space, and scenery you’ve been searching for. Build your dream home, design the barndominium you’ve always envisioned, or explore the many possibilities this versatile acreage provides. Whenever you are looking for tranquility, space, or a place to create something truly special, this property has it all. Don’t miss out on this one!

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
12
BikeSomewhat Bikeable

Schools

2/10
Evans Middle SchoolGrades 6-81.1 mi
4/10
Ottumwa High SchoolGrades 9-1214.6 mi

Construction

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Farm

Property

Details

  • Parcel number: 007417560006000
  • Zoning: Agriculture

Lot

  • Lot size: 7.12 Acres

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

  • Tornado
    TornadoVery High
  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Heat Wave
Lightning
Strong Wind
Hail
Inland Flooding
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 $935$11,220
Home Insurance *$235$2,820
Property Taxes $293$3,516
Electricity $127$1,525
Total$1,590$19,080
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$54,514/yr
40% on housing$47,700/yr
45% on housing$42,400/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: 12.9%
12.9%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 52501$106
Wapello County$110

vs Homes Sold Last Month

Median $/sqft

ZIP 52501$103
Wapello County$92

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)

No zestimate history available

Price History

DateEventPrice
2026-05-13Price change$185,000
2026-04-21Price change$195,000
2025-12-01Listed for sale$85,000
2020-06-19Sold$57,900
2020-04-29Pending sale$65,500
2020-04-18Price change$65,500
2020-03-27Price change$85,500
2020-02-10Listed for sale$95,000

For Sale by Agent

AgentJim Davis
BrokerageIowa Land Company

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