1251 Melrose Ave
Iowa City, IA 52246
5 bd 2 ba 2,184 sqft Built 1962 Lot 9,148 sqft single_family
Most recent sale
$400,000
Apr 8, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 8, 2022 | Sold | $400,000 | MLS #202201769 |
| Mar 30, 2022 | Listed | $400,000 | MLS #202201769 |
| Jul 24, 2018 | Sold | $260,000 | MLS #20183952 |
| Jun 27, 2018 | Listed | $275,000 | MLS #20183952 |
| Oct 11, 2017 | Sold | $228,000 | MLS #20162014 |
| Aug 8, 2016 | Sold | $228,000 | Public Record |
| Apr 7, 2016 | Listed | $249,900 | MLS #20162014 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $273,700 | $75,200 | $348,900 | $5,634 |
| 2024 | $273,700 | $75,200 | $348,900 | $5,782 |
| 2023 | $264,100 | $75,200 | $339,300 | $5,608 |
| 2022 | $211,100 | $75,200 | $286,300 | $4,876 |
| 2021 | $186,600 | $75,200 | $261,800 | $4,924 |
| 2020 | $178,800 | $75,200 | $254,000 | $4,794 |
| 2019 | $178,800 | $75,200 | $254,000 | $4,212 |
| 2018 | — | — | $219,000 | $3,710 |
| 2017 | $140,200 | $56,400 | $196,600 | $3,712 |
| 2016 | $140,300 | $56,400 | $196,700 | $3,846 |
| 2015 | $151,200 | $56,400 | $207,600 | $3,888 |
| 2014 | $152,900 | $56,400 | $209,300 | $3,732 |
| 2013 | $152,900 | $56,400 | $209,300 | $3,438 |
| 2012 | $142,400 | $56,400 | $198,800 | $3,356 |
| 2011 | $142,400 | $56,400 | $198,800 | $2,838 |
| 2010 | $124,500 | $47,000 | $171,500 | $2,768 |
| 2007 | $124,500 | $47,000 | $171,500 | $2,582 |
| 2005 | $124,500 | $47,000 | $171,500 | $2,102 |
Property facts
Year built
1962
Property type
single_family
Stories
—
Beds
5
Baths
2
Living area
2,184 sqft
Lot size
9,148 sqft
ZIP code
52246
City
Iowa City
Street
Melrose Ave
Coordinates
41.65574, -91.55854
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,276
Gross rental yield
9.83%
Implied cap rate
6.39%
Trend-extrapolated value
—
Frequently asked questions
When did 1251 Melrose Ave last sell?
1251 Melrose Ave most recently sold on Apr 8, 2022 for $400,000.
What is the current tax assessment for 1251 Melrose Ave?
The most recent total assessment for 1251 Melrose Ave (year 2025) is $348,900 with $5,634 in property tax.
How does 1251 Melrose Ave's assessment compare to its last sale price?
The current assessment is 12.8% below the last sale price of $400,000.
When was 1251 Melrose Ave built?
1251 Melrose Ave was built in 1962.
How does 1251 Melrose Ave compare to others on Melrose Ave?
We track 8 other properties on Melrose Ave. Browse the list under "Other properties on Melrose Ave" to compare beds, baths, and sale history.
What are the property facts for 1251 Melrose Ave?
1251 Melrose Ave is a 5 bed, 2 bath, 2,184 sqft, 9,148 sqft lot single_family.
Is 1251 Melrose Ave a flip candidate?
No — 1251 Melrose Ave does not appear in our flips dataset.
Is 1251 Melrose Ave a tax-appeal candidate?
No — 1251 Melrose Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.8%
Implied 1-yr
-15.2%
2026 Q3
$312.1K
2026 Q4
$296.4K
ZIP 52246 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melrose Ave