Unleash your imagination…welcome to a piece of local history reborn with endless possibilities! Nestled on 2.86 acres just off Hwy 163, this property showcases the original Otley Schoolhouse, a gem brimming with potential. Currently zoned R2, it's a canvas awaiting your visionary strokes. The original 2 story schoolhouse w/ basement was built in 1920 with 2160 sqft followed by an addition in 1955 including an additional 2813 sqft. Imagine the transformation: from a single family or multi-family dwelling to a daycare center to community hub, from wedding venue to entrepreneurial oasis – the choice is yours! With nearly 5000 square feet of space, the potential is boundless. The property features several classrooms/bedrooms/living space, a ¾ bath, couple other bathroom areas w/ stalls. The lunch room tables that fold up against the wall are still in place in the basement which was a combined lunch room and gym. Seize the opportunity to make your mark in Otley's up and coming landscape just a stone’s throw from the beautiful community of Pella. Don't miss out on this chance to turn dreams into reality – schedule your tour today and unlock the limitless potential of 215 Summit St!
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 1920
Living Area: 4,973 SqFt
Listing Office:
Office Name: Realty ONE Group Impact
Office Phone: (515) 446-7524
Listing Agent: Michelle Greene
Interior Features
Interior Information:
Appliances: Refrigerator, Stove
Basement: Yes
Flooring Type: Hardwood, Vinyl
Exterior Features
Exterior Information:
Exterior: Basketball Court
Lot Features
Lot Information:
Lot: Rectangular Lot
Lot Size: 2.86 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas, Propane
Cooling: Window Unit(s)
Other
Directions Information:
Directions: From IA-163 E heading North turn left (East) onto Business Hwy 163 then turn right (South) onto Summit St and property will be on the right side of the street.
Price Information
Listing Price Info
Price Summary:
List Price: $199,900
Price Per SqFt: $40/SqFt
Tax Information:
Annual Amount: $578
Tax Year: 2021
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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
2
/10
Monroe Elementary School
400 N Jasper St
Distance between this listing and this school5.27 miles
Public District Grades PK-5
6
/10
Madison Elementary School
950 E University St
Distance between this listing and this school8.68 miles
Public District Grades PK-3
4
/10
Northstar Elementary School
407 W Larson St
Distance between this listing and this school10.03 miles
Public District Grades 2-5
Nearby Schools
8
/10
Jefferson Intermediate School
801 E 13th St
Distance between this listing and this school8.34 miles
Public District Grades 4-6
10
/10
Pella Middle School
613 E 13th St
Distance between this listing and this school8.44 miles
Public District Grades 7-8
7
/10
Knoxville Middle School
102 N Lincoln St
Distance between this listing and this school10.84 miles
Public District Grades 6-8
Nearby Schools
6
/10
Pcm High School
400 East Hwy 163
Distance between this listing and this school5.32 miles
Public District Grades 9-12
9
/10
Pella High School
212 E University St
Distance between this listing and this school8.36 miles
Public District Grades 9-12
3
/10
Knoxville High School
1811 W Madison St
Distance between this listing and this school11.34 miles
The neighbors living near this home have an average income of $86,417. Most Marion County, IA residents have annual incomes between $35k-100k. Typical family type is married, with kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 215 Summit St
What is the listing price of this property?
The listing price of 215 Summit St property is $199,900.
What type of property is this?
The property 215 Summit St is land located in Otley, Iowa, 50214.
Is this property for sale now?
Active Listing: 215 Summit St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $578 (source: MLS/based on county public records data).
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This home is located at 215 Summit St in Otley, IA and zip code 50214. This 4,973 square foot home, which was built in 1920, sits on a 2.86 acre lot. It has been listed on Rocket Homes since March 14, 2024 and is currently priced at $199,900.
While more than 6 listings in Marion County, IA in March 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 17 were sold below. Between February 2024 and March 2024, Marion County, IA real estate market has seen increase in the number of listings by 8%. In March 2024 median list price was $257,000 and the average listing age was 45 days.
From Rocket Homes Real Estate and based on county public records data.
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