505 Trace Dr
Polk City, IA 50226
4 bd 3 ba 1,511 sqft Built 2003 Lot 3,290 sqft townhomes
Most recent sale
$295,000
May 18, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 18, 2022 | Sold | $295,000 | MLS #648327 |
| Mar 25, 2022 | Listed | $299,900 | MLS #59690 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $293,300 | $54,400 | $347,700 | $5,556 |
| 2023 | $256,500 | $46,800 | $303,300 | $6,178 |
| 2022 | $243,800 | $46,100 | $289,900 | $6,098 |
| 2021 | $243,800 | $46,100 | $289,900 | $5,964 |
| 2020 | $231,700 | $43,600 | $275,300 | $5,852 |
| 2019 | $231,700 | $43,600 | $275,300 | $5,768 |
| 2018 | $221,500 | $40,600 | $262,100 | $5,700 |
| 2017 | $221,500 | $40,600 | $262,100 | $5,022 |
| 2016 | $207,800 | $28,300 | $236,100 | $4,926 |
| 2015 | $207,800 | $28,300 | $236,100 | $4,732 |
| 2014 | $187,900 | $33,300 | $221,200 | $4,586 |
| 2013 | $187,900 | $33,300 | $221,200 | $4,516 |
| 2012 | $195,700 | $30,900 | $226,600 | $4,332 |
| 2011 | $195,700 | $30,900 | $226,600 | $4,644 |
| 2010 | $220,200 | $34,000 | $254,200 | $4,302 |
| 2009 | $220,200 | $34,000 | $254,200 | $3,832 |
| 2008 | $208,600 | $32,100 | $240,700 | $3,742 |
| 2007 | $208,600 | $32,100 | $240,700 | $3,910 |
Property facts
Year built
2003
Property type
townhomes
Stories
1
Beds
4
Baths
3
Living area
1,511 sqft
Lot size
3,290 sqft
ZIP code
50226
City
Polk City
Street
Trace Dr
Coordinates
41.78244, -93.71307
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,267
Gross rental yield
9.22%
Implied cap rate
5.99%
Trend-extrapolated value
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Frequently asked questions
When did 505 Trace Dr last sell?
505 Trace Dr most recently sold on May 18, 2022 for $295,000.
What is the current tax assessment for 505 Trace Dr?
The most recent total assessment for 505 Trace Dr (year 2025) is $347,700 with $5,556 in property tax.
How does 505 Trace Dr's assessment compare to its last sale price?
The current assessment is 17.9% above the last sale price of $295,000.
When was 505 Trace Dr built?
505 Trace Dr was built in 2003.
How does 505 Trace Dr compare to others on Trace Dr?
We track 8 other properties on Trace Dr. Browse the list under "Other properties on Trace Dr" to compare beds, baths, and sale history.
What are the property facts for 505 Trace Dr?
505 Trace Dr is a 4 bed, 3 bath, 1,511 sqft, 3,290 sqft lot townhomes.
Is 505 Trace Dr a flip candidate?
No — 505 Trace Dr does not appear in our flips dataset.
Is 505 Trace Dr a tax-appeal candidate?
Yes — 505 Trace Dr 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
-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 Trace Dr