1055 40th St
Des Moines, IA 50311
3 bd 2 ba 1,513 sqft Built 1926 Lot 6,621 sqft single_family
Most recent sale
$248,000
Oct 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 21, 2022 | Sold | $248,000 | MLS #657581 |
| Sep 16, 2022 | Price changed | $252,500 | MLS #657581 |
| Aug 2, 2022 | Listed | $275,000 | MLS #657581 |
| Nov 3, 2005 | Sold | $162,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $259,400 | $48,400 | $307,800 | $5,634 |
| 2023 | $236,800 | $43,800 | $280,600 | $5,284 |
| 2022 | $194,700 | $38,400 | $233,100 | $5,242 |
| 2021 | $194,700 | $38,400 | $233,100 | $4,976 |
| 2020 | $173,400 | $34,600 | $208,000 | $5,164 |
| 2019 | $173,400 | $34,600 | $208,000 | $4,702 |
| 2018 | $153,400 | $30,100 | $183,500 | $4,650 |
| 2017 | $153,400 | $30,100 | $183,500 | $4,294 |
| 2016 | $139,900 | $27,400 | $167,300 | $4,178 |
| 2015 | $139,900 | $27,400 | $167,300 | $4,034 |
| 2014 | $134,700 | $25,800 | $160,500 | $3,790 |
| 2013 | $134,700 | $25,800 | $160,500 | $3,654 |
| 2012 | $136,400 | $25,800 | $162,200 | $3,432 |
| 2011 | $136,400 | $25,800 | $162,200 | $3,182 |
| 2010 | $134,500 | $25,600 | $160,100 | $2,882 |
| 2009 | $130,800 | $25,600 | $156,400 | $2,812 |
| 2008 | $120,400 | $27,200 | $147,600 | $2,812 |
| 2007 | $120,400 | $27,200 | $147,600 | $2,552 |
Property facts
Year built
1926
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,513 sqft
Lot size
6,621 sqft
ZIP code
50311
City
Des Moines
Street
40th St
Coordinates
41.59732, -93.67044
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
$2,270
Gross rental yield
10.98%
Implied cap rate
7.14%
Trend-extrapolated value
—
Frequently asked questions
When did 1055 40th St last sell?
1055 40th St most recently sold on Oct 21, 2022 for $248,000.
What is the current tax assessment for 1055 40th St?
The most recent total assessment for 1055 40th St (year 2025) is $307,800 with $5,634 in property tax.
How does 1055 40th St's assessment compare to its last sale price?
The current assessment is 24.1% above the last sale price of $248,000.
When was 1055 40th St built?
1055 40th St was built in 1926.
How does 1055 40th St compare to others on 40th St?
We track 8 other properties on 40th St. Browse the list under "Other properties on 40th St" to compare beds, baths, and sale history.
What are the property facts for 1055 40th St?
1055 40th St is a 3 bed, 2 bath, 1,513 sqft, 6,621 sqft lot single_family.
Is 1055 40th St a flip candidate?
No — 1055 40th St does not appear in our flips dataset.
Is 1055 40th St a tax-appeal candidate?
Yes — 1055 40th St 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
-1.8%
Implied 1-yr
-7.0%
2026 Q3
$210K
2026 Q4
$205.8K
ZIP 50311 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 40th St