In 1904, a new church was built in Yakovlevka, and the settlement was granted the status of a village.

In February 1918, at a volost meeting, the Yakovlev peasants unanimously decided to abolish the volost administration and create a Volost Council of Peasant Deputies. Soon, a village council was organized, which by 1922 was headed by Andrei Ivanovich Vilkov.

In the same February 1918, an agricultural commune was established based on the Neygardt estate. The district land authorities allocated it 150.67 desyatinas of land, including 130.82 desyatinas of arable land.

By 1925, the village had 141 peasant households and a population of 793. In August 1924, the Yakovlev Village Council was expanded to include the village of Yakovlevka, the village of Balakovo, and the settlements of Oreshki, Polevoy, Tsyganovka, and Satis.

In February 1930, a collective farm was established in Yakovlevka, named after the People's Commissariat of Agriculture of the USSR. Among its organizers were Fyodor Ivanovich Koyubaev and Yakov Vasilyevich Makartsov, with Fyodor Ivanovich Koyubaev becoming the first chairman. By early 1939, the collective farm named after the People's Commissariat had 165 peasant households, and the population was 571.

After the establishment of the October collective farm of the Diveevo state farm, Yakovlevka became the center of a division where a tractor brigade and a large farm were organized. The state farm was formed in August 1965, and the village was considered a promising settlement. By early 1978, it had a population of 300.

Currently, the village is actively developing. The former village school building has been converted into the Nikolsky Church, and restoration work is underway for the Church of Seraphim of Sarov. There is also a chapel in the village, and there is hope for its restoration.