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20319 490th St, Lake Mills, IA 50450

Winnebago County

Key Facts

3Beds
2Baths
1,977Sq Ft
1920Year Built
6.11Lot (acres)
2Garage

Description

Discover the perfect blend of comfort, space, and country charm with this unique acreage featuring TWO homes — ideal for multi-generational living, guests, rental potential, or a private retreat for family and friends. The main home offers a beautifully designed kitchen, convenient main-level laundry, formal dining room, and an extra-large living room highlighted by a cozy fireplace. The spacious layout includes two bedrooms on the main level plus an additional upstairs bedroom. The primary suite features its own ensuite bathroom, creating a peaceful private retreat. You will also love the inviting sunroom filled with beautiful, filtered morning sunlight — the perfect place to enjoy your coffee and start the day. The second home has been thoughtfully updated within the last few years and provides a wonderful independent living space. This home features an open-concept layout with a nice kitchen, dining area, and living room with fireplace, along with two bedrooms, a full bathroom, and laundry. Outside, the property continues to impress with a full barn, chicken coop, entertaining fire pit area, and a large, shop offering endless possibilities for hobbies, storage, or workspace needs. Shop updates include but not limited to new t-studs, OSB & upgraded electrical, new windows, improved entrance and plumbed for heat. This one-of-a-kind acreage offers the privacy of country living while still providing the flexibility and functionality today’s buyers are looking for.

Property Information

Property Type

Residential

Sub-Type

Unimproved Land

Year Built

1920

Living Area

1,977 sq ft

Lot Size

6.11 acres

Lot Dimensions

odd shaped lot Land Lot Area 6.11 Acres ; 266,152 SF

Garage Spaces

2

Days on Market

2

MLS® Listing#

6339195

Property Features

Cooling

Central Air

Heating

Forced Air

Parking

Detached

Construction

Fiber Cement

Sewer

Septic Tank

Water Source

PrivateWell

Financial Details

Annual Taxes

$5,384

Tax year 2024

Parcel Number

0420100010

Directions

Starting from Casey's at 101 N Lake St in Lake Mills: Head north on N Lake St toward W Main St. Turn left (west) onto W Main St / County Rd B20. Continue west out of town for about 2 miles. Turn right (north) onto 490th St. Continue north on 490th St for about 1 mile. Arrive at 20319 490th St

Affordability Calculator

$98,000

Estimated monthly payment

$2,608/mo

Principal $392,000 · Est. interest $546,875 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Lake Mills, IA

$384,956
Median Listing Price
65
Median Days on Market
1,840
Median Sq Ft
$209
Median Price / Sq Ft
309
Active Listings
  • This home’s price is 27% above the area median.
  • Its price per sq ft is 18% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Lake Mills, IA.

Location

  • 20319 490th St, Lake Mills, IA 50450

Points of Interest in Lake Mills, IA

Showing the Lake Mills area map.

Nearby Schools

  • Scarville Synod Lutheran Church

    School · 1.4 mi away

  • Trouble Me Knot Em

    School · 4.6 mi away

  • Son Shine Preschool

    School · 4.9 mi away

  • Lake Mills Elementary School

    Secondary · 4.9 mi away

  • North Iowa Alternative High

    Secondary · 11.5 mi away

  • North Iowa Middle School

    School · 11.6 mi away

  • Forest City Christian School

    School · 13.8 mi away

  • Alden-Conger Public School

    Secondary · 13.8 mi away

  • Forest City Community School District

    School · 14.7 mi away

  • Forest City Elementary School

    Elementary · 14.8 mi away

  • Forest City High School

    Secondary · 14.8 mi away

  • Forest City Middle School

    Secondary · 14.8 mi away

  • Forest City Community School

    Secondary · 14.8 mi away

  • Southwest Middle School

    Secondary · 15.5 mi away

  • Sibley Elementary School

    Elementary · 15.5 mi away

  • Halverson Elementary School

    Elementary · 16.1 mi away

  • Lakeview Elementary School

    Elementary · 16.4 mi away

  • Saint Theodore Catholic Church

    School · 16.6 mi away

  • Glenville Emmons Elementary

    Elementary · 16.9 mi away

  • Glenville School District 245

    School · 17.1 mi away

Commute Calculator

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Nearby Homes

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Similar Home Values

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Moving Cost Estimate

EXIT Agents in Lake Mills

Listing Courtesy: Realty ONE Group Black Diamond - 6415922665

Presented by: Kristine Gordon

The information being provided is 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. Listing information provided courtesy of the Heart of Iowa MLS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by IowaAOR. MLS® Listing#6339195. © 2026EXIT Realty®. All rights reserved.