PENDING SALE. This listing went Pending on
July 19, 2026
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The seller has reached an agreement with a buyer to sell this property.
If things go as planned, the sale
will become final in the near future.
The buyer and seller have agreed on a price
but it's not public until the sale closes. The last published list price was $495,000.
Prime Investment Opportunity in Algona! This well-located rambler offers exceptional upside for investors or homeowners eager to build instant equity through strategic renovations. Positioned on a massive 16,000 sq ft lot with unbeatable access to major commuter routes, this property delivers both convenience and long-term growth potential. The existing 2-bedroom, 2-bath home features a generously sized attached 2-car garage plus multiple areas ready for value-add improvements. The current bonus room—used as an office—could easily convert to a 3rd bedroom, or reimagine to create a four bedroom home. A semi-finished room (approx. 375 sq ft-- not included in home's square footage) behind the garage offers flexibility for a shop, studio, or potential MIL. Key structural updates have already been completed, including foundation work, crawl space improvements, and electrical upgrades giving investors a strong starting point. Wood-clad ceilings bring a warm mid-century charm and an enchanting backyard with wraparound deck, tons of off-street parking and mature and refreshed landscaping make this a standout opportunity. Gas forced air furnace (2017) and air conditioner provide comfort year round while Rinnai tankless gas water heater provides abundant hot water. Unlock the full potential of this Algona gem — opportunities with this level of flexibility, lot size, and upside don’t come around often. Pre-inspection available after viewing. Buyer to verify potential upgrades.
Dbl Pane/Storm Window Dining Room Jetted Tub Skylight(s) Vaulted Ceiling(s)
Property
Lot Features
Paved
Site Features
Cable TV Deck Fenced-Partially Gas Available
Appliances
Included
Dishwasher Dryer Refrigerator See Remarks Stove(s)/Range(s) Washer
Terms
3rd Party Approval Required)
No
Bank Owned (REO)
No
Complex FHA Availability
Unspecified
Potential Terms
Cash Conventional
Utilities
Energy
Electric Natural Gas
Sewer
Sewer Connected
Water Source
Public
Additional Info
Waterfront
No
Air Conditioning (A/C)
Yes
Buyer Broker's Compensation
2%
MLS Area #
Area 310
Number of Photos
25
Last Modification Time
Monday, July 20, 2026 2:56 PM
System Listing ID
5582936
Update Info
Pending Or Ctg
2026-07-20 16:25:33
First For Sale
2026-07-16 16:26:41
Listing details based on information submitted to the MLS GRID as of Monday, July 20, 2026 2:56 PM.
All data is obtained from various
sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information is provided by the listing agent except as follows: BuilderB indicates
that our system has grouped this listing under a home builder name that doesn't match
the name provided
by the listing broker. DevelopmentD indicates
that our system has grouped this listing under a development name that doesn't match the name provided
by the listing broker.