We are proud to represent the Frederick James Trust in the sale of 27.68 m/l acres of breathtaking land in Walnut Township, Madison County, IA—perfect for building your dream country home. Nestled just off Paved P68, on Millstream Avenue, this property offers a beautiful rural setting for all your outdoor pursuits. A stunning limestone-bottom creek runs through the landscape, providing a picturesque water feature, while abundant wildlife makes this land an ideal location for hunters. Over 17 acres of the property are FSA tillable, carrying a 60.58 CSR2 rating. The majority of this usable land is located on the west side of the creek and is currently in hay. Future uses could include raising livestock, cash renting for an annual income, or planting food plots for wildlife, among many other possibilities. The property is mostly fenced, including a gated entrance near the northeast corner. Here, you’ll find an ideal potential building site that overlooks the picturesque valley below—an exceptional spot for your future home. Located less than a mile off paved roads, within the Winterset School District, this property is perfect for anyone looking to enjoy the peace and tranquility of country living without sacrificing proximity to the Des Moines metro area. Whether you’re envisioning a place for horses, a few cows, or room to enjoy hunting and gardening, this property offers the space and flexibility you need to create the country lifestyle you’ve always wanted.
Property Details
Property Features
Listing Office:
Office Name: Kiloterra
Office Phone: (515) 993-7979
Listing Agent: Chuck Johnson
Lot Features
Lot Information:
Lot Size: 27.00 Acres
Other
Directions Information:
Directions: From The Intersection of Hwy 92 and Hwy 169 in Winterset: Head South on US-169 South / N John Wayne Dr. Continue Straight onto Clark Tower Rd for 6.2 miles Turn left (east) onto Peru Rd. and travel 0.8 miles. Travel right (South) on Millstream Ave and travel just over 1 mile to the property. Property is on the right (West) side of the road, with Green Gate. Look for sign.
Price Information
Listing Price Info
Price Summary:
List Price: $300,000
What can I afford?
Understand what home price range makes sense for your budget.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,565
Per Month
Principal & Interest
$1,498
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$966
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Winterset Middle School
706 W School
Distance between this listing and this school6.73 miles
Public District Grades 4-6
2
/10
Winterset Elementary
404 S 2nd Ave
Distance between this listing and this school7.40 miles
Public District Grades PK-3
5
/10
Interstate 35 Elementary School
445 East North Street
Distance between this listing and this school8.27 miles
Public District Grades PK-5
Nearby Schools
6
/10
Winterset Junior High
720 Husky Dr
Distance between this listing and this school7.00 miles
Public District Grades 7-8
1
/10
Clarke Middle School
800 N Jackson St
Distance between this listing and this school17.31 miles
Public District Grades 6-8
3
/10
Earlham Middle School
535 N Chestnut Ave
Distance between this listing and this school19.74 miles
Public District Grades 7-8
Nearby Schools
6
/10
Winterset High School
720 Husky Dr
Distance between this listing and this school7.00 miles
Public District Grades 9-12
5
/10
Interstate 35 Secondary School
405 E North St
Distance between this listing and this school8.24 miles
Public District Grades 6-12
6
/10
Murray Jr/Sr High School
216 Sherman St
Distance between this listing and this school13.10 miles
The neighbors living near this home have an average income of $55,864. The majority of Madison County, IA residents have income between $35k-100k annually. The majority of families are married, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2900 Millstream Ave
What is the listing price of this property?
The listing price of 2900 Millstream Ave property is $300,000.
What type of property is this?
The property 2900 Millstream Ave is land located in Peru, Iowa, 50222.
Is this property for sale now?
Active Listing: 2900 Millstream Ave is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2900 Millstream Ave in Peru, IA and zip code 50222. This home sits on a 27.00 acre lot. It has been listed on Rocket Homes since September 22, 2024 and is currently priced at $300,000.
While more than 1 listings in Madison County, IA in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 9 were sold below. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $275,000.
From Rocket Homes Real Estate and based on county public records data.
Hunting
Hunting
NASCAR
Pro Wrestling
Wal-Mart
Dollar General
Academy Sports & Outdoors
Hardee's
Jimmy Johns
Applebees
Ram
Oldsmobile
Chevrolet
Classic Country
Oldies
New Country