1506 Franklin Ave
Indianola, IA 50125
3 bd 2 ba 1,168 sqft Built 2024 Lot 7,938 sqft single_family
Most recent sale
$260,500
Feb 18, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 8, 2024 | Listed | $322,075 | DesMoines |
| Feb 18, 2021 | Sold | $260,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $265,900 | $53,300 | $319,200 | $6 |
| 2024 | $265,900 | $53,300 | $319,200 | $6 |
| 2023 | — | $300 | $300 | $6 |
| 2022 | — | $300 | $300 | $6 |
Property facts
Year built
2024
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,168 sqft
Lot size
7,938 sqft
ZIP code
50125
City
Indianola
Street
Franklin Ave
Coordinates
41.36632, -93.53874
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
$1,752
Gross rental yield
8.07%
Implied cap rate
5.25%
Trend-extrapolated value
—
Frequently asked questions
When did 1506 Franklin Ave last sell?
1506 Franklin Ave most recently sold on Feb 18, 2021 for $260,500.
What is the current tax assessment for 1506 Franklin Ave?
The most recent total assessment for 1506 Franklin Ave (year 2025) is $319,200 with $6 in property tax.
How does 1506 Franklin Ave's assessment compare to its last sale price?
The current assessment is 22.5% above the last sale price of $260,500.
When was 1506 Franklin Ave built?
1506 Franklin Ave was built in 2024.
How does 1506 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 1506 Franklin Ave?
1506 Franklin Ave is a 3 bed, 2 bath, 1,168 sqft, 7,938 sqft lot single_family.
Is 1506 Franklin Ave a flip candidate?
No — 1506 Franklin Ave does not appear in our flips dataset.
Is 1506 Franklin Ave a tax-appeal candidate?
Yes — 1506 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
+3.9%
Implied 1-yr
+15.6%
2026 Q3
$450.1K
2026 Q4
$464K
ZIP 50125 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Franklin Ave