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507 Cedar Drive, Fairbank, IA 50629

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For Sale
Sale Pending

$424,900

5 beds • 3 baths • 1 half baths • 4,183 sqft

Estimated Payment

$ 2,698 /mo. †

6.65% APR for 30 yrs.
$6,187 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $101.58
    Price per square foot

  • 21-30 Years Old
    Age

  • Fireplace
    Heating System

Explore this Property

Incredible design throughout! This sprawling ranch style home boasts multiple living spaces, a wide open layout and more! Packed with high-end amenities, this home is impressive at every turn! The foyer welcomes you home and showcases the beautiful flooring and views of the wonderful main floor. This foyer opens to the formal dining space as well as the sunken sitting room that opens to the wonderful covered patio. Situated just off of the dining space is the remarkable kitchen. This gourmet kitchen is complete with custom cabinetry, granite countertops, stainless steel appliances, a glass tile backsplash and a center island with cooktop and a breakfast bar. The kitchen also opens to the main family room perfect for hanging out! The primary bedroom anchors the corner of the home featuring great natural lighting and private en-suite bathroom with granite countertops, a separate tub/shower and a spacious walk-in closet. Four additional bedrooms, two additional bathrooms and a laundry/dropzone area complete the main floor. The lower level is a great place to relax featuring a rec room with a wet bar perfect for spending time with friends and family and also includes an additional family room space with a gas fireplace. A half bathroom and huge workshop as well as great storage areas round out this level. The exterior of this home is equally as impressive offering a covered patio, a great deck space with above ground pool and yard space galore. The three stall garage and an additional oversized 20x30 garage in the rear, ensures there is room for it all! This amazing property situated on over a half acre lot will go fast! Don t miss it!
MLS# 20250631

Courtesy Of TEAM A.W., LLC

(319) 269-2477

Property Features

  • Age
    21-30 Years Old
  • Amenities
    Deck, Patio
  • Architecture Style
    Other
  • Exterior Type
    Stone, Vinyl Siding
  • Fireplace
    Fireplace
  • Heating System
    Fireplace, Forced Air
  • Lot Size
    0.54 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 507 Cedar Drive, Fairbank, IA 50629

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $2,182
  • Property Taxes
    $515
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $2,698

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Fairbank Elementary School

Grades PK-6 Public School

Fairbank, IA 50629 0.3 miles
311 n 5th st

199 total students
14:1 Student teacher ratio

School Rating: B-

School Details

Wapsie Valley High School

Grades 7-12 Public School

Fairbank, IA 50629 5.3 miles
Rr 2 2535 viking ave

297 total students
14:1 Student teacher ratio

School Rating: C-

School Details
Other Nearby Schools Distance Type Grades School Rating
Rural Elementary School #4 2.3 miles Public KG-8
Rural Elementary School #1 3.4 miles Public KG-8
Rural Elementary School #2 3.9 miles Public KG-8
Rural Elementary School #3 4.6 miles Public KG-8
Triumph Elementary School 5.1 miles Public KG-8 C

Rural Elementary School #4

Distance: 2.3 miles

Type Public

Grades: KG-8

Rural Elementary School #1

Distance: 3.4 miles

Type Public

Grades: KG-8

Rural Elementary School #2

Distance: 3.9 miles

Type Public

Grades: KG-8

Rural Elementary School #3

Distance: 4.6 miles

Type Public

Grades: KG-8

Triumph Elementary School

Distance: 5.1 miles

Type Public

Grades: KG-8

C

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Fairbank, IA 50629

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Fairbank, IA 50629

This community’s employment is highest in the administrative support and sales industries. The area’s overall household expenses are below the national average.

84° July
Hottest Average Month
7° January
Coldest Average Month
649 Total Households in Area
2.9% Increase in population since the year 2010
39.1%
of households
have children
22 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Fairbank, IA 50629

Fairbank, IA 50629 has a population of 1,826 people in 649 households with a median age of 40.3 years old.

2.9%
Increase in population
since the year 2010
Population is Trending up
615
Total households as of 2010
5%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 40.3 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 97%
Hispanic 1%
Other <1%
Asian <1%
Black <1%
Native American <1%
The most prevalent ethnicity is White at 97%, followed by Hispanic at 1%, Other at <1%, and Asian at <1%.

Economics
for Fairbank, IA 50629

25 /sq mi
Population Density
$83,468 /yr
Median Household Income
$280,000
Median Sales Price
22 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $100-124,999k representing 17.58% of the households.

Transportation to Work

  • Drive 81%
  • Work from Home 15%
  • Walk or Bike 4%
  • Public Transit 0%

Occupancy by Type

Owned 557 80%
Rented 92 13%
Vacant 48 7%

White vs Blue Collar Jobs







White Collar 60%
Blue Collar 40%

Family & Education Facts
for Fairbank, IA 50629

40.3 Median Age

Average Household Size

2.8
persons per
household

62.5%

Married Households

Community Population By Education

High School Graduate 32%
Some College 20%
Associates Degree 17%
Some High School 13%
Bachelors Degree 11%
Graduate Degree 7%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 31.92% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
39.1% of households have children

Weather
for Fairbank, IA 50629

The weather for this area ranges from a high of 84° F in July to a low of 7° F in January

84° July
Hottest Average Month
7° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
7°
26°
Feb
12°
31°
Mar
24°
43°
Apr
36°
59°
May
47°
71°
Jun
57°
80°
Jul
61°
84°
Aug
59°
82°
Sep
50°
74°
Oct
39°
62°
Nov
26°
45°
Dec
14°
31°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Northeast Iowa Regional 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. 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. 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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