506 Grimes St
Polk City, IA 50226
4 bd 3 ba 1,916 sqft Built 2022 Lot 14,505 sqft single_family
Most recent sale
$100,000
Jan 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 31, 2023 | Sold | $562,500 | DesMoines |
| May 23, 2022 | Listed | $589,900 | MLS #652533 |
| Jan 19, 2022 | Sold | $100,000 | Public Record |
| Nov 3, 2020 | Listed | $99,900 | MLS #617349 |
| Nov 21, 2018 | Listed | $99,900 | MLS #573141 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $461,500 | $113,500 | $575,000 | $10,656 |
| 2023 | $460,800 | $101,300 | $562,100 | $1,992 |
| 2022 | $15,000 | $75,600 | $90,600 | $10 |
| 2020 | — | $420 | $420 | $10 |
| 2019 | — | $420 | $420 | $10 |
| 2018 | — | $420 | $420 | $8 |
Property facts
Year built
2022
Property type
single_family
Stories
—
Beds
4
Baths
3
Living area
1,916 sqft
Lot size
14,505 sqft
ZIP code
50226
City
Polk City
Street
Grimes St
Coordinates
41.76564, -93.70991
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
$600
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 506 Grimes St last sell?
506 Grimes St most recently sold on Jan 19, 2022 for $100,000.
What is the current tax assessment for 506 Grimes St?
The most recent total assessment for 506 Grimes St (year 2025) is $575,000 with $10,656 in property tax.
How does 506 Grimes St's assessment compare to its last sale price?
The current assessment is 475.0% above the last sale price of $100,000.
When was 506 Grimes St built?
506 Grimes St was built in 2022.
How does 506 Grimes St compare to others on Grimes St?
We track 8 other properties on Grimes St. Browse the list under "Other properties on Grimes St" to compare beds, baths, and sale history.
What are the property facts for 506 Grimes St?
506 Grimes St is a 4 bed, 3 bath, 1,916 sqft, 14,505 sqft lot single_family.
Is 506 Grimes St a flip candidate?
Yes — 506 Grimes St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 506 Grimes St a tax-appeal candidate?
No — 506 Grimes 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
-1.3%
Implied 1-yr
-5.2%
2026 Q3
$382K
2026 Q4
$376.6K
ZIP 50226 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Grimes St