About This Home

This 4-bedroom, 2-bathroom single family at 1021 W 5th Street in Spencer, IA is listed for $195,000 ($97 per sqft). Built in 1955, the home offers 2,016 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1955
  • 0.22 acre lot

Property Details

1 story
1 full
2-car garage
1955

Amenities

A/C
Listing Description

Move-In Ready Home with Space, Updates & Income Potential in Spencer! Welcome home to this beautifully maintained 4-bedroom, 2-bathroom property situated on a desirable corner lot in Spencer, Iowa! Conveniently located near the Spencer Family YMCA and within walking distance of the Clay County Fairgrounds, local schools, and parks, this home offers the perfect blend of comfort, convenience, and versatility.

The main floor features three bedrooms, a full bathroom, convenient main-floor laundry, and a well-appointed kitchen complete with a reverse osmosis water system. Recent mechanical updates, including a new furnace and water heater, provide added peace of mind.

The oversized, insulated garage features an in-floor drain, making it ideal for extra storage, projects, and everyday convenience. The fully updated basement adds incredible flexibility, featuring a fourth bedroom, a 3/4 bathroom, spacious living area, and a wet bar/kitchenette space.

Whether you envision a guest retreat, additional entertaining space, or the potential for a rental opportunity, this lower level offers plenty of possibilities. Basement laundry hookups are also available if you'd like to add a second laundry area. Step outside to enjoy the inviting outdoor space, complete with a beautiful pergola and firepit-perfect for relaxing evenings, entertaining friends, or gathering with family.

With its desirable location, thoughtful updates, flexible living spaces, and potential for additional income, this Spencer home is one you won't want to miss. Move in and make it yours!

Monthly Cost Estimate

$1,043/mo

20% down · 6.5% · 30 years

Principal$141
Interest$845
Insurance$57

Estimates only. Actual payments may vary.

Location

1021 W 5th Street

Spencer, IA 51301

Property Details

Construction

Vinyl Siding

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 4-bedroom, 2-bathroom single family at 1021 W 5th Street is listed at $195,000 ($97/sqft). The estimated monthly payment is $1,043 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1955, 0.22 acre lot.

This property is listed by Josh Schaben.

JS

Josh Schaben

Agent at Keller Williams Okoboji

Listed by Keller Williams Okoboji · Broker phone: (712) 226-1900 · View on Broker Site · Broker website

MLS# 261341· Source: Iowa Great Lakes Board of Realtors· 15 days on PropertySimple

Copyright © 2026 Iowa Great Lakes Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1021 W 5th Street, Spencer, IA 51301

Open this listing in: