ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Iowa school-turned-massive mansion hits real estate market for $1.75M

An old school building in Nevada, Iowa, has been transformed into a 22,000-square-foot Midwestern dream home — and it's for sale. The listing agent revealed details to Fox News Digital.

An old school building in Nevada, Iowa, has been transformed into a Midwestern dream home.

The 22,000-square-foot property — nicknamed the "Prairie Castle" — has just hit the market for $1.75 million.

Friedrich Iowa Realty listing agent Luke Jensen detailed in an interview with Fox News Digital how the original 1923 township school was converted into a private residence.

ALABAMA HUNTING RANCH SPANNING 1,200 ACRES HITS MARKET FOR A RECORD-HIGH $12.5M

The school district educated K-12 students in the building until 1991, when it was consolidated into another school.

The property was acquired in 2006 by Jensen’s parents, who were inspired to revamp the deteriorated building creatively into a place where they could live and work.

"They meticulously went through and reclaimed whatever could be reclaimed and embarked on a really ambitious re-imagination of the school into a residence," he said.

JEFF BEZOS BUYS $68 MILLION MANSION IN MIAMI'S EXCLUSIVE ‘BILLIONAIRE BUNKER’

"So, throughout the property … a lot of original materials like hardwood floors, exposed brick, chalkboards, doors, anything that was salvageable found a new and re-purposed life inside the building," he said.

The three-story house is located about five miles away from Iowa State University’s campus and has 360-degree views of rural Iowa.

The property was designed differently on each level, Jensen noted. 

WOMAN GOES VIRAL FOR UNCOVERING 'WEIRD' HOMES FOR SALE ON ZILLOW: 'IT HAS TAKEN OFF'

The first level accommodates various studios for activities like drawing, painting, woodworking, ceramics and metal fabrication — as well as a 5,800-square-foot, five-car garage.

The second floor has private suites for guests, along with a community and catering kitchen and a ballroom.

The third level is the private residential area, outfitted with three bedrooms, three-and-a-half bathrooms and "high-end" finishes, Jensen said.

The four-bedroom, six-bath home includes other amenities such as a hot tub, two fireplaces and multiple porches, both enclosed and open.

‘SILENCE OF THE LAMBS’ HOUSE IN PENNSYLVANIA SOLD AFTER 4 MONTHS: ‘DYING TO SHARE THIS NEWS’

The listing agent said the ideal buyer would have the same mindset as his parents, who moved into the home in 2012.

"Somebody with a vision of how to use all the space, who maybe has an entrepreneurial bent, I think will find success there," he said.

"Even somebody who wants to utilize some of the space for educational purposes — maybe for classes or workshops or retreats … [in] a place that's inspirational, in a great location, [with] room and space to execute on those things."

CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER

The space could serve families of several generations, Jensen said.

It has 3.5 acres of legal land in addition to miles of rolling fields around the property.

The $1.75 million asking price is on the upper end of the market in Nevada, Iowa, Jensen revealed, but it is "priced appropriately" and could possibly go for even more, he said.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

"It’s a blend of residential and commercial valuations," he said. 

"A lot of the furnishings and couches … tables, furniture and more, are part of the sale, so it would be pretty turnkey for someone to come in."

For more Lifestyle articles, visit www.foxbusiness.com/lifestyle.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.