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309 1st St

Melcher Dallas, IA 50163

2 bd 1 ba 1,104 sqft Built 1919 Lot 7,100 sqft single_family
Most recent sale
$127,000
Mar 16, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Mar 16, 2022 Sold $127,000 MLS #644974
Feb 1, 2022 Listed $129,900 MLS #644974
Apr 12, 2021 Sold $99,500 Public Record
Jul 1, 2016 Sold $83,500 MLS #517060
May 10, 2016 Listed $84,900 MLS #517060

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $142,220 $7,000 $149,220 $1,970
2024 $142,220 $7,000 $149,220 $1,906
2022 $64,880 $6,360 $71,240 $1,366
2021 $61,210 $6,000 $67,210 $1,140
2020 $57,790 $6,000 $63,790 $1,282
2019 $57,790 $6,000 $63,790 $1,152
2018 $49,900 $1,750 $51,650 $1,064
2017 $42,780 $1,750 $44,530 $976
2016 $41,110 $1,750 $42,860 $978
2015 $41,110 $1,750 $42,860 $878
2014 $36,160 $1,750 $37,910 $660
2013 $36,160 $1,750 $37,910 $744
2012 $40,400 $1,750 $42,150 $712
2009 $43,470 $614
2008 $40,730 $544

Property facts

Year built
1919
Property type
single_family
Stories
Beds
2
Baths
1
Living area
1,104 sqft
Lot size
7,100 sqft
ZIP code
50163
City
Melcher Dallas
Street
1st St
Coordinates
41.22048, -93.24094

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$762
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 309 1st St last sell?
309 1st St most recently sold on Mar 16, 2022 for $127,000.
What is the current tax assessment for 309 1st St?
The most recent total assessment for 309 1st St (year 2025) is $149,220 with $1,970 in property tax.
How does 309 1st St's assessment compare to its last sale price?
The current assessment is 17.5% above the last sale price of $127,000.
When was 309 1st St built?
309 1st St was built in 1919.
How does 309 1st St compare to others on 1st St?
We track 8 other properties on 1st St. Browse the list under "Other properties on 1st St" to compare beds, baths, and sale history.
What are the property facts for 309 1st St?
309 1st St is a 2 bed, 1 bath, 1,104 sqft, 7,100 sqft lot single_family.
Is 309 1st St a flip candidate?
Yes — 309 1st St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 309 1st St a tax-appeal candidate?
Yes — 309 1st 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 valuation
Quarterly trend
+3.5%
Implied 1-yr
+14.0%
2026 Q1
$160.7K
2026 Q2
$165.3K
ZIP 50163 — Median Price History + Forecast

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