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228 7th St

Spencer, IA 51301

4 bd 2 ba 1,120 sqft Built 1973 Lot 10,454 sqft single_family
Most recent sale
$183,000
Jul 14, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 14, 2022 Sold $183,000 Public Record
Apr 22, 2022 Listed $185,000 MLS #220364
May 19, 2016 Sold $124,875 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $110,080 $27,840 $137,920 $2,946
2023 $172,820 $21,480 $194,300 $2,946
2022 $145,710 $21,480 $167,190 $2,680
2021 $137,440 $21,480 $158,920 $2,426
2020 $119,070 $18,290 $137,360 $2,276
2019 $119,070 $18,290 $137,360 $2,148
2018 $109,710 $15,910 $125,620 $2,112
2017 $109,710 $15,910 $125,620 $2,218
2016 $109,840 $15,910 $125,750 $2,194
2015 $109,840 $15,910 $125,750 $2,262
2014 $115,010 $14,320 $129,330 $2,192
2012 $111,170 $14,320 $125,490 $2,012
2011 $111,170 $14,320 $125,490 $1,880
2008 $114,470 $14,320 $128,790 $1,788

Property facts

Year built
1973
Property type
single_family
Stories
Beds
4
Baths
2
Living area
1,120 sqft
Lot size
10,454 sqft
ZIP code
51301
City
Spencer
Street
7th St
Coordinates
43.13076, -95.14815

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,680
Gross rental yield
11.02%
Implied cap rate
7.16%
Trend-extrapolated value

Frequently asked questions

When did 228 7th St last sell?
228 7th St most recently sold on Jul 14, 2022 for $183,000.
What is the current tax assessment for 228 7th St?
The most recent total assessment for 228 7th St (year 2025) is $137,920 with $2,946 in property tax.
How does 228 7th St's assessment compare to its last sale price?
The current assessment is 24.6% below the last sale price of $183,000.
When was 228 7th St built?
228 7th St was built in 1973.
How does 228 7th St compare to others on 7th St?
We track 8 other properties on 7th St. Browse the list under "Other properties on 7th St" to compare beds, baths, and sale history.
What are the property facts for 228 7th St?
228 7th St is a 4 bed, 2 bath, 1,120 sqft, 10,454 sqft lot single_family.
Is 228 7th St a flip candidate?
No — 228 7th St does not appear in our flips dataset.
Is 228 7th St a tax-appeal candidate?
No — 228 7th St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-1.1%
Implied 1-yr
-4.4%
2026 Q2
$174.5K
2026 Q3
$172.5K
ZIP 51301 — Median Price History + Forecast

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