7400 Railway St, Palo, IA, 52324

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7400 Railway St, Palo$399,900

Buyer Closing Credits

$4,749^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingAttached, Detached, Four or more Spaces, Heated Garage, Off Street, Garage Door Opener

Year Built1968

HeatingForced Air, Natural Gas

CoolingCentral Air

BasementYes

MLS #2406245

Lot Size1.21 Acres

StatusActive

About 7400 Railway St

Alright shop/big garage lovers here’s your unicorn! This beautiful acreage is conveniently located on a hard surface road in Covington with no restrictive covenants/HOA and close to Hwy 100. You won’t be disappointed with this hard to find property. Nicely updated three-bedroom ranch with a walkout lower level, attached oversized 2 car garage which is insulated, heated and has a floor drain. Situated on almost 1.5 acres you have plenty of room to stretch out. PLUS the 33 x 36 Lester building which is insulated, heated, 14’ ceilings, fully tinned, 240v and alarm! This one won’t last long!

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Property Details

Property Features

Property Information:

• Architectural Style: Ranch
• Year Built: 1968
• Living Area: 1,895 SqFt

Listing Office:

• Office Name: SKOGMAN REALTY
• Office Phone: (319) 366-6427
• Listing Agent: Steven Emig

Interior Features

Interior Information:

• Appliances: Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Water Softener, Washer
• Basement: Yes
• Interior: Breakfast Bar, Eat-in Kitchen, Main Level Primary

Bedroom and Bathroom Information:

• Full Bathrooms: 3
• Total Bedroom Count: 3

Exterior Features

Parking Information:

• Parking: Attached, Detached, Four or more Spaces, Heated Garage, Off Street, Garage Door Opener

Virtual/3D Tour

• Virtual Tour: 7400 Railway St

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Lot Features

Lot Information:

• Lot: City Lot
• Lot Size: 1.21 Acres

Utilities

Utilities Information:

• Heating: Forced Air, Natural Gas
• Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

• List Price: $399,900
• Price Per SqFt: $211/SqFt

Tax Information:

• Annual Amount: $2,986
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in Palo, IA.

Palo, IA

City

Med. Sold Price

$230.8K

Med. Price/SqFt

$133

Avg. Days On Market

149

# of Sold Homes

4

7400 Railway St vs Palo

69 DAYS ON ROCKET

-80 Days

$399,900

+$169K More

$211/SqFt

+$77 More

KEY TAKEAWAY

This property is $169K more than the Median Sold Price and $77/SqFt more than other homes in Palo, IA.

Based on homes sold in October 2024

MLS Details

MLS Information:

• MLS Name: CDR
• MLS Number: #2406245

Listing Office:

• Office Name: SKOGMAN REALTY
• Office Phone: (319) 366-6427
• Listing Agent: Steven Emig

Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.
Copyright 2024 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 11:55:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Mar 03, 2017	Mar 03, 2017Home Sold	$175,000
Aug 20, 2012	Aug 20, 2012Home Sold	$97,500

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$2,986	$208,900
2018	$2,224	$196,900

History based on county public records data.

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**Disclosures

Rocket Homes›Iowa›Linn County›Palo›52324›7400 Railway St

This home is located at 7400 Railway St in Palo, IA and zip code 52324. This 1,895 square foot home, which was built in 1968, sits on a 1.21 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 09, 2024 and is currently priced at $399,900.

In October 2024 more than 1 listings in Palo, IA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 2 were sold below. Between September 2024 and October 2024, Palo, IA real estate market has seen increase in the number of listings by 18.2%. In October 2024 median list price was $230,889 and the average listing age was 149 days.

From Rocket Homes Real Estate and based on county public records data.