505 L St
Indianola, IA 50125
4 bd 2 ba 1,180 sqft Built 1975 Lot 23,784 sqft single_family
Most recent sale
$255,000
May 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 6, 2022 | Sold | $255,000 | MLS #647899 |
| Mar 22, 2022 | Listed | $244,900 | MLS #647899 |
| Apr 18, 2016 | Sold | $153,000 | MLS #509741 |
| Feb 15, 2016 | Relisted | $159,500 | MLS #509741 |
| Jan 12, 2016 | Listing removed | $159,500 | DesMoines |
| Jan 6, 2016 | Listed | $159,500 | MLS #509741 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $237,100 | $50,600 | $287,700 | $4,290 |
| 2024 | $237,100 | $50,600 | $287,700 | $4,234 |
| 2023 | $185,800 | $50,400 | $236,200 | $4,576 |
| 2022 | $164,400 | $50,400 | $214,800 | $4,530 |
| 2021 | $164,400 | $50,400 | $214,800 | $4,578 |
| 2020 | $154,700 | $50,400 | $205,100 | $4,492 |
| 2019 | $154,700 | $50,400 | $205,100 | $4,248 |
| 2018 | $159,800 | $28,000 | $187,800 | $4,066 |
| 2017 | $159,800 | $28,000 | $187,800 | $3,844 |
| 2016 | $145,200 | $28,000 | $173,200 | $3,564 |
| 2015 | $145,200 | $28,000 | $173,200 | $3,454 |
| 2014 | $140,300 | $28,000 | $168,300 | $3,346 |
| 2013 | $140,300 | $28,000 | $168,300 | $3,136 |
| 2012 | $140,300 | $28,000 | $168,300 | $3,086 |
| 2011 | $140,300 | $28,000 | $168,300 | $3,086 |
| 2009 | $141,900 | $28,000 | $169,900 | $2,996 |
| 2008 | $141,900 | $28,000 | $169,900 | $2,954 |
| 2007 | $145,400 | $30,800 | $176,200 | $2,904 |
| 2004 | $132,200 | $28,000 | $160,200 | $2,552 |
Property facts
Year built
1975
Property type
single_family
Stories
—
Beds
4
Baths
2
Living area
1,180 sqft
Lot size
23,784 sqft
ZIP code
50125
City
Indianola
Street
L St
Coordinates
41.36515, -93.57959
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,770
Gross rental yield
8.33%
Implied cap rate
5.41%
Trend-extrapolated value
—
Frequently asked questions
When did 505 L St last sell?
505 L St most recently sold on May 6, 2022 for $255,000.
What is the current tax assessment for 505 L St?
The most recent total assessment for 505 L St (year 2025) is $287,700 with $4,290 in property tax.
How does 505 L St's assessment compare to its last sale price?
The current assessment is 12.8% above the last sale price of $255,000.
When was 505 L St built?
505 L St was built in 1975.
How does 505 L St compare to others on L St?
We track 5 other properties on L St. Browse the list under "Other properties on L St" to compare beds, baths, and sale history.
What are the property facts for 505 L St?
505 L St is a 4 bed, 2 bath, 1,180 sqft, 23,784 sqft lot single_family.
Is 505 L St a flip candidate?
No — 505 L St does not appear in our flips dataset.
Is 505 L St a tax-appeal candidate?
No — 505 L St is not currently flagged as a tax-appeal candidate.
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