501 Walnut St
Polk City, IA 50226
2 bd 2 ba 1,352 sqft Built 1970 Lot 9,540 sqft single_family
Most recent sale
$200,000
Nov 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 15, 2022 | Sold | $200,000 | DesMoines |
| Sep 23, 2022 | Listed | $195,000 | DesMoines |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $197,000 | $52,200 | $249,200 | $4,192 |
| 2023 | $183,600 | $47,800 | $231,400 | $4,264 |
| 2022 | $153,000 | $41,000 | $194,000 | $4,210 |
| 2021 | $153,000 | $41,000 | $194,000 | $3,992 |
| 2020 | $140,900 | $37,600 | $178,500 | $3,920 |
| 2019 | $140,900 | $37,600 | $178,500 | $3,586 |
| 2018 | $125,200 | $32,500 | $157,700 | $3,548 |
| 2017 | $125,200 | $32,500 | $157,700 | $3,254 |
| 2016 | $117,500 | $30,000 | $147,500 | $3,196 |
| 2015 | $117,500 | $30,000 | $147,500 | $3,052 |
| 2014 | $109,000 | $28,000 | $137,000 | $2,960 |
| 2013 | $109,000 | $28,000 | $137,000 | $2,916 |
| 2012 | $112,400 | $28,000 | $140,400 | $2,776 |
| 2011 | $112,400 | $28,000 | $140,400 | $2,652 |
| 2010 | $113,100 | $28,400 | $141,500 | $2,458 |
| 2009 | $113,100 | $28,400 | $141,500 | $2,476 |
| 2008 | $120,300 | $30,200 | $150,500 | $2,420 |
| 2007 | $120,300 | $30,200 | $150,500 | $2,248 |
Property facts
Year built
1970
Property type
single_family
Stories
—
Beds
2
Baths
2
Living area
1,352 sqft
Lot size
9,540 sqft
ZIP code
50226
City
Polk City
Street
Walnut St
Coordinates
41.77347, -93.71471
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,028
Gross rental yield
12.17%
Implied cap rate
7.91%
Trend-extrapolated value
—
Frequently asked questions
When did 501 Walnut St last sell?
501 Walnut St most recently sold on Nov 15, 2022 for $200,000.
What is the current tax assessment for 501 Walnut St?
The most recent total assessment for 501 Walnut St (year 2025) is $249,200 with $4,192 in property tax.
How does 501 Walnut St's assessment compare to its last sale price?
The current assessment is 24.6% above the last sale price of $200,000.
When was 501 Walnut St built?
501 Walnut St was built in 1970.
How does 501 Walnut St compare to others on Walnut St?
We track 2 other properties on Walnut St. Browse the list under "Other properties on Walnut St" to compare beds, baths, and sale history.
What are the property facts for 501 Walnut St?
501 Walnut St is a 2 bed, 2 bath, 1,352 sqft, 9,540 sqft lot single_family.
Is 501 Walnut St a flip candidate?
No — 501 Walnut St does not appear in our flips dataset.
Is 501 Walnut St a tax-appeal candidate?
Yes — 501 Walnut 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 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 Walnut St