7988 Elder Ln, Palmyra, MO 63461
Property image
Property image
UNDER CONTRACT
18.9 ACRES
Listed by Wesley J Tuley, Ragar Realty, (573) 248-9006

$649,000

  • 4 Beds
  • 3 Baths
  • 3,550 sqft (on 18.90 acres)

7988 Elder Ln, Palmyra, MO 63461

Est. Mortgage $4,028/mo*
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We estimate this home will sell faster than 94% nearby.

Home Highlights

Single-Family Home
Built in 1903
18.9 acre lot
$183/sqft
1 Car Garage

Local Information

  • Map ViewExplore the area around 7988 Elder Ln.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Country living with modern comfort! This beautifully remodeled 3,550-square-foot farmhouse sits on 18.9 acres and offers an impressive combination of space, privacy, character, and extensive recent improvements. Featuring 4 bedrooms and 3 bathrooms, the home has been thoughtfully updated while preserving the charm and unique features that make a farmhouse special. Major upgrades include a brand-new metal roof, new siding and gutters, new HVAC system, new water heaters, new septic system, new one-car garage, water purification and softener systems, whole-home air filtration, and numerous additional improvements throughout the fresh remodel. Step outside and enjoy fantastic views overlooking surrounding farmland and mature trees, including incredible scenery from the private second-level balcony—a perfect place to relax and take in the peaceful countryside. The enclosed sunporch provides another relaxing space to really enjoy. The completely fenced yard provides plenty of room for children, pets, entertaining, or simply enjoying the outdoors, while the acreage offers opportunities for pasture, hunting, walking trails, recreation, or creating your own private country retreat. A new 56' x 36' shed provides excellent space for equipment, storage, hobbies, or agricultural use, and a salvaged old-fashioned root cellar adds a truly unique piece of history and character to the property. Despite its private country setting, the property remains conveniently located a few miles outside of town and between Palmyra and BASF on Highway 168, this property has easy access to both Hannibal and Quincy. With nearly 19 acres, beautiful views, substantial new improvements, versatile outbuildings, and one-of-a-kind features throughout, this is much more than a remodeled farmhouse—it is a property that truly needs to be seen in person to appreciate everything it has to offer.
We estimate this home will sell faster than 94% nearby.

Home Details for 7988 Elder Ln

Active Status

MLS Status: Active Under Contract

Interior Features

Interior Details
Basement: Concrete,Crawl Space,Sump PumpNumber of Rooms: 12
Beds & Baths
Number of Bedrooms: 4Main Level Bedrooms: 2Number of Bathrooms: 3Number of Bathrooms (full): 3Number of Bathrooms (main level): 2
Dimensions and Layout
Living Area: 3550 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Propane, Propane Owned, Water ConnectedAppliances: Stainless Steel Appliance(s), Gas Cooktop, Microwave, Gas Oven, Propane Water Heater, Built-In Range, Gas Range, Refrigerator, Tankless Water Heater, Water Purifier, Water SoftenerLaundry: Electric Dryer Hookup,Main Level,Washer HookupMicrowaveRefrigerator
Heating & Cooling
Heating: Heat Pump,PropaneHas CoolingAir Conditioning: Ceiling Fan(s),Central AirHas HeatingHeating Fuel: Heat Pump
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Single Phase, 220 VoltsHas Electric on Property
Windows, Doors, Floors & Walls
Window: Display Window(s), Double Pane Windows, ENERGY STAR Qualified Windows, ScreensFlooring: Vinyl
Levels, Entrance, & Accessibility
Levels: TwoFloors: Vinyl
View
View: Rural

Exterior Features

Exterior Home Features
Roof: MetalFencing: Chain Link, FencedOther Structures: Shed(s), StorageExterior: Balcony, Private Yard, StorageFoundation: CombinationNo Private Pool
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageHas an Attached GarageParking Spaces: 1Parking: Additional Parking,Aggregate
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Tank
Farm & Range
Allowed to Raise Horses
Finished Area
Finished Area (above surface): 3550 Square Feet

Days on Market

Cumulative Days on Market: 4Days on Market: 11

Property Information

Year Built
Year Built: 1903
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Blown-In Insulation, HardiPlank Type, Lap Siding, Spray Foam InsulationAttached To Another StructureDoes Not Include Home Warranty
Property Information
Parcel Number: 008.05.21.0.00.002.020

Price & Status

Price
List Price: $649,000Price Per Sqft: $183
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: Palmyra
School Information
Elementary School: Palmyra Elem.Jr High / Middle School: Palmyra MiddleHigh School: Palmyra HighHigh School District: Palmyra R-I

Agent Information

Listing Agent
Listing ID: 26058411

Building

Building Area
Building Area: 3550 Square Feet

Community

Not Senior Community

HOA

Association for this Listing: Mark Twain Association of REALTORSNo HOA

Lot Information

Lot Area: 18.9 Acres

Listing Info

Special Conditions: Standard

Offer

Contingencies: Subject to FinancingListing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Miscellaneous

BasementMls Number: 26058411Zillow Contingency Status: Under ContractAbove Grade Unfinished Area: 3550Showing Requirements: Appointment Only, Combination Lock Box, Text Listing Agent, Vacant

Around this home

What Locals Say about Palmyra

At least 8 Trulia users voted on each feature.

  • 100 % Say it's dog friendly

  • 100 % Say it's walkable to restaurants

  • 91 % Say parking is easy

  • 85 % Say there's holiday spirit

  • 80 % Say yards are well-kept

  • 75 % Say kids play outside

  • 73 % Say there are sidewalks

  • 70 % Say people would walk alone at night

  • 70 % Say it's quiet

  • 63 % Say neighbors are friendly

  • 56 % Say car is needed

  • 55 % Say it's walkable to grocery stores

  • 50 % Say streets are well-lit

  • 40 % Say there are community events

  • 33 % Say they plan to stay for at least 5 years

  • 30 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Gregory.v
    "The schools are great and they work with your children. There are lots of kid friendly activities and summer activities. "
    0
    Flag
  • p.gregory
    "The schools are great! Lots of families! Folks are friendly. The county fair is held here and that includes a rodeo for all you cowboys! “Taste of Palmyra” is held in early autumn and it a hit! "
    0
    Flag
  • Matt H.
    "It’s quiet and the people here are usually very friendly. The neighborhoods are pretty well kept up. "
    1
    Flag

Market trends in Palmyra

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
14

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3721 Hawk Point, Palmyra, MO
1.36
Single-Family Home
-
08/14/26
4
3.5
4,000
4475 Lone Tree Trl, Palmyra, MO
1.66
Single-Family Home
-
09/26/25
5
2
2,280
508 Gene Ave, Palmyra, MO
2.68
Single-Family Home
-
08/28/26
4
2.5
2,688
810 Houston Dr, Palmyra, MO
2.72
Single-Family Home
-
07/15/26
4
3
2,400
1309 Martha St, Palmyra, MO
3.05
Single-Family Home
-
05/11/26
5
3
3,501
514 S Main St, Palmyra, MO
3.04
Single-Family Home
-
08/10/26
4
3
2,460
418 Elizabeth Ave, Palmyra, MO
2.78
Single-Family Home
-
10/17/25
3
2
2,042
805 S Home St, Palmyra, MO
2.99
Single-Family Home
-
10/16/25
4
2
2,756
222 W New St, Palmyra, MO
3.03
Single-Family Home
-
03/27/26
4
2
2,558
320 N Dickerson St, Palmyra, MO
2.99
Single-Family Home
-
11/18/25
3
3
2,020

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
County Road 339, Palmyra, MO 63461
0.37
$337,600
Studio
-
-
Off Market
1 Highway JJ, Palmyra, MO 63461
0.57
-
-
-
-
Off Market
9 Urban Rdg, Palmyra, MO 63461
0.63
-
-
-
-
Off Market
7788 Highway 168, Palmyra, MO 63461
0.65
-
-
-
-
Off Market
3671 County Road 337, Palmyra, MO 63461
1.16
$244,300
Studio
-
1,040
Off Market
3721 Hawk Point, Palmyra, MO 63461
1.36
-
4
3.5
4,000
Recently Sold
3581 Eagle Crest Dr, Palmyra, MO 63461
1.51
$577,100
6
3.5
4,048
Off Market

Price and Tax history

DateEventPrice
Sep 15, 2026
Source: MARIS #26058411
Contingent
$649,000
Sep 11, 2026
Source: MARIS #26058411
Listed For Sale
$649,000

LGBTQ Local Legal Protections

Wesley J Tuley, Ragar Realty
Agent Phone: (573) 248-9006
IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Click here for more information

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Frequently asked questions about 7988 Elder Ln

  • What is the estimated monthly payment for 7988 Elder Ln?
    Based on a $649,000 list price with 20% down at today's rates, the estimated monthly payment for 7988 Elder Ln in Palmyra, MO is approximately $4,069 (about $3,523 principal & interest, $471 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Palmyra?
    Residents describe Palmyra, MO as dog-friendly, walkable to restaurants, and easy to park in. See homes for sale in Palmyra, MO.
  • What are the closest schools to 7988 Elder Ln?
    The closest schools to 7988 Elder Ln in Palmyra, MO are Palmyra Elementary School (Pre-K, rated 7/10), Palmyra High School (rated 7/10), Palmyra Middle School (Elementary, rated 6/10).
  • Does 7988 Elder Ln have air conditioning?
    Yes, 7988 Elder Ln in Palmyra, MO has air conditioning.
  • Does 7988 Elder Ln have laundry facilities?
    Yes, 7988 Elder Ln in Palmyra, MO has laundry facilities.
  • Does 7988 Elder Ln have a yard?
    Yes, 7988 Elder Ln in Palmyra, MO has a yard.
7988 Elder Ln, Palmyra, MO 63461 is a 4 bedroom, 3 bathroom, 3,550 sqft single-family home built in 1903. This property is currently available for sale and was listed by MARIS on Sep 11, 2026. The MLS # for this home is MLS# 26058411.