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Whether you are looking for a primary, secondary, or investment home, this home fits every bucket! Currently situated in the town of Rathbun just 2 miles from Rathbun Lake and surrounded by over 15,000 acres of public hunting ground. It is currently being used as a second home and an airbnb/VRBO. It has generated $12,000 in short term rental income since being first listed in May 2026. That's an average of around $2,000 in income potential each month! This beautiful 3 bedroom was newly built in 2024 and boasts a 1280 sq ft heated garage. Plenty of room for vehicles and toys. Luxury vinyl plank waterproof flooring throughout all the home making it easier to maintain. The open kitchen is a great place for entertaining and offers beautiful quartz countertops and a large island all within a close view of the living room and fireplace. Enjoy lower maintenance with all appliances, HVAC, plumbing, electrical, and exterior all brand new in 2024. Primary home? Lake home? Hunting cabin? Investment home? Second home? Tons of possibility and opportunity!

Highlights

  • Residential
  • Single Family Residence
  • Built in 2024
  • 4 Car Garage
  • 4 days on Market

  • Bedrooms
    3
  • Bathrooms
    1 full · 1 half
  • Year Built
    2024
  • Architectural Style
    Barndominium
  • Construction Materials
    Metal Siding
  • Foundation
    Slab
  • Garage Spaces
    4.0
  • Parking Features
    Attached, Garage, Heated Garage
  • Living Area
    1280.0
  • Appliances
    Dryer, Dishwasher, Microwave, Refrigerator, Washer, Cooktop
  • Security Features
    Smoke Detector(s)
  • Cooling
    Central Air
  • Heating
    Forced Air, Natural Gas, Propane

  • Utilities
    Cable Available


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Frequently Asked Questions

How do I schedule a tour of 412 Elm?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 412 Elm.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 412 Elm?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 1 bath, listed for $349,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Rathbun, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 412 Elm?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 412 Elm at around $2,005. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 412 Elm?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Appanoose County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 412 Elm?

In most cases, yes. Whether 412 Elm is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Rathbun's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 412 Elm?

We can handle that for you. Our preferred local agent specializes in residentials in Rathbun and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $349,000 with 1,280 sqft of space—that comes out to approximately $273 per square foot.

How long has this property been on the market?

412 Elm was listed on November 04, 2026, which means it's been on the market for 4 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2024, making it approximately 2 years old.

What are the property taxes for 412 Elm?

The most recent public record shows annual property taxes for 412 Elm were approximately $1,352. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 412 Elm still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information 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 by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Des Moines Area Association of REALTORS. All rights reserved.

Last Updated: November 08, 2026 at 01:14PM | Source: Des Moines Area Association of REALTORS | MLS#: 751996