507 Franklin Ave
Council Bluffs, IA 51503
4 bd 2 ba 1,664 sqft Built 1906 Lot 10,890 sqft single_family
Most recent sale
$122,500
Apr 12, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 13, 2024 | Listing removed | — | CouncilBluffs |
| Apr 12, 2024 | Sold | $122,500 | Public Record |
| Mar 10, 2024 | Listed | $119,000 | CouncilBluffs |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $187,700 | $29,000 | $216,700 | $2,864 |
| 2024 | $187,700 | $29,000 | $216,700 | $2,748 |
| 2023 | $112,600 | $25,200 | $137,800 | $2,982 |
| 2022 | $99,700 | $24,900 | $124,600 | $2,924 |
| 2021 | $99,700 | $24,900 | $124,600 | $2,666 |
| 2020 | $90,700 | $16,100 | $106,800 | $2,298 |
| 2019 | $76,406 | $16,103 | $92,509 | $2,378 |
| 2018 | $76,406 | $16,103 | $92,509 | $2,334 |
| 2017 | $76,406 | $16,103 | $92,509 | $2,358 |
| 2016 | $76,406 | $16,103 | $92,509 | $2,308 |
| 2015 | $76,406 | $16,103 | $92,509 | $2,310 |
| 2014 | $76,406 | $16,103 | $92,509 | $2,278 |
| 2013 | $76,406 | $16,103 | $92,509 | $2,146 |
| 2012 | $76,406 | $16,103 | $92,509 | $2,066 |
| 2010 | $76,406 | $16,103 | $92,509 | $2,124 |
| 2007 | $80,427 | $16,951 | $97,378 | $1,850 |
Property facts
Year built
1906
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
1,664 sqft
Lot size
10,890 sqft
ZIP code
51503
City
Council Bluffs
Street
Franklin Ave
Coordinates
41.26188, -95.83744
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$735
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 507 Franklin Ave last sell?
507 Franklin Ave most recently sold on Apr 12, 2024 for $122,500.
What is the current tax assessment for 507 Franklin Ave?
The most recent total assessment for 507 Franklin Ave (year 2025) is $216,700 with $2,864 in property tax.
How does 507 Franklin Ave's assessment compare to its last sale price?
The current assessment is 76.9% above the last sale price of $122,500.
When was 507 Franklin Ave built?
507 Franklin Ave was built in 1906.
How does 507 Franklin Ave compare to others on Franklin Ave?
We track 8 other properties on Franklin Ave. Browse the list under "Other properties on Franklin Ave" to compare beds, baths, and sale history.
What are the property facts for 507 Franklin Ave?
507 Franklin Ave is a 4 bed, 2 bath, 1,664 sqft, 10,890 sqft lot single_family.
Is 507 Franklin Ave a flip candidate?
No — 507 Franklin Ave does not appear in our flips dataset.
Is 507 Franklin Ave a tax-appeal candidate?
Yes — 507 Franklin Ave appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.2%
Implied 1-yr
-4.7%
2026 Q3
$272.9K
2026 Q4
$269.4K
ZIP 51503 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Franklin Ave