228 Terrace Dr
Independence, IA 50644
4 bd 4 ba 1,949 sqft Built 1972 Lot 12,502 sqft single_family
Most recent sale
$309,500
Sep 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 21, 2022 | Sold | $309,500 | Public Record |
| Sep 20, 2022 | Sold | $309,500 | NorthEastIARegional |
| Jul 25, 2022 | Price changed | $309,500 | MLS #20223070 |
| Jul 3, 2022 | Listed | $324,900 | MLS #20223070 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $276,130 | $33,000 | $309,130 | $5,208 |
| 2024 | $276,130 | $33,000 | $309,130 | $5,048 |
| 2023 | $240,710 | $29,460 | $270,170 | $3,428 |
| 2022 | $134,600 | $23,380 | $157,980 | $3,326 |
| 2021 | $134,600 | $23,380 | $157,980 | $3,344 |
| 2020 | $125,820 | $21,260 | $147,080 | $3,318 |
| 2019 | $125,820 | $21,260 | $147,080 | $3,288 |
| 2018 | $121,570 | $21,260 | $142,830 | $3,154 |
| 2017 | $121,570 | $21,260 | $142,830 | $3,264 |
| 2016 | $128,190 | $17,710 | $145,900 | $3,216 |
| 2015 | $128,190 | $17,710 | $145,900 | $3,280 |
| 2014 | $128,190 | $17,710 | $145,900 | $3,104 |
| 2013 | $128,190 | $17,710 | $145,900 | $2,980 |
| 2012 | $128,190 | $17,710 | $145,900 | $2,926 |
| 2011 | $128,190 | $17,710 | $145,900 | $2,488 |
| 2007 | $125,601 | $17,350 | $142,951 | $2,356 |
Property facts
Year built
1972
Property type
single_family
Stories
—
Beds
4
Baths
4
Living area
1,949 sqft
Lot size
12,502 sqft
ZIP code
50644
City
Independence
Street
Terrace Dr
Coordinates
42.46547, -91.87987
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
$2,924
Gross rental yield
11.34%
Implied cap rate
7.37%
Trend-extrapolated value
—
Frequently asked questions
When did 228 Terrace Dr last sell?
228 Terrace Dr most recently sold on Sep 21, 2022 for $309,500.
What is the current tax assessment for 228 Terrace Dr?
The most recent total assessment for 228 Terrace Dr (year 2025) is $309,130 with $5,208 in property tax.
How does 228 Terrace Dr's assessment compare to its last sale price?
The current assessment is 0.1% below the last sale price of $309,500.
When was 228 Terrace Dr built?
228 Terrace Dr was built in 1972.
How does 228 Terrace Dr compare to others on Terrace Dr?
We track 8 other properties on Terrace Dr. Browse the list under "Other properties on Terrace Dr" to compare beds, baths, and sale history.
What are the property facts for 228 Terrace Dr?
228 Terrace Dr is a 4 bed, 4 bath, 1,949 sqft, 12,502 sqft lot single_family.
Is 228 Terrace Dr a flip candidate?
No — 228 Terrace Dr does not appear in our flips dataset.
Is 228 Terrace Dr a tax-appeal candidate?
No — 228 Terrace Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-7.7%
Implied 1-yr
-30.7%
2026 Q2
$145.6K
2026 Q3
$123.4K
ZIP 50644 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Terrace Dr