Sold
Last Sold Price
1 bed843 sqft
2015 Covington Road, Palo, IA 52324
Single FamilyProperty Type
1.08 acresLot Size
1900Year Built
$119/sq ftPrice per sq ft
2 carsParking Spaces

Description

This property offers a ton of potential. With the location near downtown and hwy 100, you could easily make this an amazing investment opportunity. Less than 2 year old septic, all double walled tile from the house and ready to hook up to Mid American so no LP. There is much work to do if you prefer to use the existing structure, however, much of this work has been started with newer wiring and some new drywall. Make this whatever you desire. Location is the key factor. This property will be sold...This property offers a ton of potential. With the location near downtown and hwy 100, you could easily make this an amazing investment opportunity. Less than 2 year old septic, all double walled tile from the house and ready to hook up to Mid American so no LP. There is much work to do if you prefer to use the existing structure, however, much of this work has been started with newer wiring and some new drywall. Make this whatever you desire. Location is the key factor. This property will be sold AS IS Where IS. No exceptions.
Listing closed: 02/03/2025 12:00 AM • Source: Iowa City Area AOR, MLS#: 202500861

Recent comparable sales

Median sold price

$406,000

Avg days on market

43

Sale-to-list ratio

101.7%

Palo, IA

9 comparable properties found

1

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2
Bedrooms
1
Bathrooms
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Square Feet
20.60
Acres
2

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Sold 08/06/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.36
Acres
3

$663,500

Sold 08/27/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.50
Acres
$255,000 | 918 Juneberry Drive, Palo, IA 52324
1/43
4

$255,000

Sold 11/26/25

2
Bedrooms
1,207
Square Feet
0.13
Acres
$281,000 | 922 Juneberry Drive, Palo, IA 52324
1/55
5

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Sold 10/29/25

2
Bedrooms
1,207
Square Feet
0.13
Acres
$492,500 | 2409 Prairie Walk Drive Northwest, Palo, IA 52324
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6

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3
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3,311
Square Feet
0.29
Acres
$493,000 | 7515 Country Ridge Drive Northwest, Palo, IA 52324
1/2
7

$493,000

Sold 08/11/26

4
Bedrooms
2,463
Square Feet
0.33
Acres
$400,000 | 49 Clinton Street, Palo, IA 52324
1/40
8

$400,000

Sold 10/15/25

2
Bedrooms
2,300
Square Feet
0.44
Acres
9

$406,000

Sold 08/11/26

4
Bedrooms
2.5
Bathrooms
2,490
Square Feet
1.45
Acres

Location

Sold By Lepic-Kroeger, REALTORS

Add your commute

Payment Calculator

$644 per month

30 year fixed, 6.71% Interest

Principal and Interest

$517

Property Taxes

$128

HOA Dues

$0

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Property Information for 2015 Covington Road

Property Details
  • Taxes: $1,530 / year
  • MLS Type: Residential / Single Family Residence
  • County: Linn County
  • Architectural Style: Two Stories
  • Zoning: Residential
Building Information
  • Stories: 2
  • Year Built: 1900
  • Lot Size: 1.08 AC / 47,044 SF
Summary
Location and General Information
  • Directions: On Covington Road near Hwy 100
  • Latitude: 42.008682
  • Longitude: -91.763033
Taxes and HOA
  • Association Fee Frequency: Annually
  • Association: No
  • Parcel Number: 13104-51002
  • Tax Annual Amount: $1,530.00
  • Tax Year: 2021
School Information
  • Elementary School: Jackson
  • High School: Kennedy
  • Middle Or Junior School: Taft
Parking
  • Parking Total: 2.0
Property
Lot Information
  • Lot Features: Level, Wooded
  • Lot Size Acres: 1.08
  • Lot Size Area: 1.08
  • Lot Size Dimensions: Irregular
  • Lot Size Units: Acres
Property and Assessments
  • Above Grade Finished Area: 843.0
  • Building Area Total: 843.0
  • Building Area Units: Square Feet
  • Living Area: 843.0
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1900
Building Features
  • Construction Materials: Frame
  • Foundation Details: Slab
  • Total Stories: 2
Green Features
  • Green Verification: No
Utilities
  • Sewer: Septic Tank
Interior and Exterior Features
Interior Features
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Has Heating: No
  • Interior Features: Breakfast Bar
  • Has Spa: No

Property History for 2015 Covington Road

DateEvent & SourcePriceAppreciation
Feb 3, 2025

Sold

Iowa City Area AOR #202500861

$100,000
Feb 3, 2025

Contract Signed

Iowa City Area AOR #202500861

Feb 3, 2025

Listed (Active)

Iowa City Area AOR #202500861

$115,000
DateEvent & SourcePrice
02/03/2025

Sold

Iowa City Area AOR #202500861

$100,000
02/03/2025

Contract Signed

Iowa City Area AOR #202500861

02/03/2025

Listed (Active)

Iowa City Area AOR #202500861

$115,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 2015 Covington Road

This home is within Cedar Rapids Community School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Jackson Elementary School
PublicPK to 5

Taft Middle School
Public6 to 8

John F Kennedy High School
Public9 to 12

Cedar Rapids Virtual Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Iowa City 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 deemed reliable but not guaranteed. The data is provided from an authorized source. Copyright © 2026 Iowa City Area Association of REALTORS®. All Rights Reserved.