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401 7th Ave, Wellman, IA, 52356

4beds
3baths
2,062sqft
$296,000
$144price/sqft
$2,315/moest. monthly cost
$92,600/yrincome needed

About This Home

This charming newly renovated 3 story is located in a family-friendly neighborhood and within walking distance to the school, library, and downtown. The main level has carpet, hardwood and laminate floors, conventional ceiling, formal dining room, and is bathed in natural light. Also on the main level is a new half bath conveniently located next to the door to take you to the garage or stamped patio. The renovated kitchen features new stainless steel appliances, laminate floors, and spacious laminate counters. Appliances stay with the home. The primary bedroom is located on the 3rd story, and features hardwood floors, vaulted ceiling, and separate sitting area with closet space. The primary bedroom's attached bath includes laminate floors, solid surface counters and tiled shower. The 2nd story includes 3 bedrooms with refinished floors, newly updated full bath, and recently redone laundry room. The partially finished lower level features 3 non conforming bedrooms that can easily be converted into bonus space or additional living quarters. There is also ample room for more storage if the 3 stories above are not enough. Outside you'll find a wrap around front porch for that country living feel and shaded by mature trees. On the other side of the house you'll be treated to a stamped patio for family barbecues or an evening bonfire. The 2 stall garage is also new, and provides welcomed extra room for storage. The HVAC has also been updated and professionally installed. Property Improvements: - Kitchen Floor, and Bathroom - 2025 - New Roof - 2024 - Added Bedroom Basement - 2025 - 2 Added Storage Rooms in Basement - 2025

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

5/10
Wellman Elementary SchoolGrades PK-K,3-40.3 mi
7/10
5/10
Mid-Prairie High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Stone
  • Roof: Asphalt
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Conventional

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer

Basement

  • Basement: Partially finished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Flooring: Carpet,Hardwood,Laminate

Heating & Cooling

  • Heating features: Forced air,Gas
  • Cooling features: Central

Interior Area

  • Total interior livable area: 2,062 sqft

Property

Details

  • Parcel number: 0124202011

Features

  • Exterior features: Vinyl,Metal

Lot

  • Lot size: 0.26 Acres

Parking

  • Total spaces: 5
  • Parking features: Garage - Attached,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

  • Hail
    HailVery High
  • Strong Wind
    Strong WindVery High
  • Cold Wave
    Cold WaveRelatively High
  • Drought
    DroughtRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Hail
Strong Wind
Cold Wave
Drought
Heat Wave
Inland Flooding
Lightning
Tornado
Winter Weather
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 $1,496$17,952
Home Insurance *$282$3,384
Property Taxes $384$4,608
Electricity $153$1,845
Total$2,315$27,780
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$79,371/yr
40% on housing$69,450/yr
45% on housing$61,733/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: 12.4%
12.4%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$144This listing

vs Other Active Listings

Avg $/sqft

ZIP 52356$93
Washington County$133

vs Homes Sold Last Month

Median $/sqft

ZIP 52356$108
Washington County$125

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
2025-07-16Listed for sale$296,000
2021-07-27Sold$260,000
2021-05-12Listed for sale$287,000
2020-06-17Sold$71,000

For Sale by Owner

AgentProperty Owner

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