541 West Ln
Spencer, IA 51301
3 bd 2 ba 1,459 sqft Built 1962 Lot 16,117 sqft single_family
Most recent sale
$175,000
Jul 18, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 18, 2022 | Sold | $175,000 | Public Record |
| Jun 10, 2022 | Listed | $175,000 | MLS #220607 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $201,300 | $33,620 | $234,920 | $3,036 |
| 2023 | $186,640 | $26,900 | $213,540 | $2,648 |
| 2022 | $123,380 | $26,900 | $150,280 | $2,292 |
| 2021 | $113,760 | $26,900 | $140,660 | $2,446 |
| 2020 | $118,210 | $23,530 | $141,740 | $2,294 |
| 2019 | $118,210 | $23,530 | $141,740 | $2,348 |
| 2018 | $118,730 | $21,010 | $139,740 | $2,306 |
| 2017 | $118,730 | $21,010 | $139,740 | $2,252 |
| 2016 | $109,850 | $21,010 | $130,860 | $2,228 |
| 2015 | $109,850 | $21,010 | $130,860 | $2,134 |
| 2014 | $107,320 | $18,490 | $125,810 | $2,066 |
| 2012 | $99,320 | $18,490 | $117,810 | $1,818 |
| 2011 | $99,320 | $18,490 | $117,810 | $1,884 |
| 2008 | $97,840 | $18,490 | $116,330 | $1,542 |
Property facts
Year built
1962
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,459 sqft
Lot size
16,117 sqft
ZIP code
51301
City
Spencer
Street
West Ln
Coordinates
43.14502, -95.16523
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,050
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 541 West Ln last sell?
541 West Ln most recently sold on Jul 18, 2022 for $175,000.
What is the current tax assessment for 541 West Ln?
The most recent total assessment for 541 West Ln (year 2025) is $234,920 with $3,036 in property tax.
How does 541 West Ln's assessment compare to its last sale price?
The current assessment is 34.2% above the last sale price of $175,000.
When was 541 West Ln built?
541 West Ln was built in 1962.
How does 541 West Ln compare to others on West Ln?
We track 2 other properties on West Ln. Browse the list under "Other properties on West Ln" to compare beds, baths, and sale history.
What are the property facts for 541 West Ln?
541 West Ln is a 3 bed, 2 bath, 1,459 sqft, 16,117 sqft lot single_family.
Is 541 West Ln a flip candidate?
No — 541 West Ln does not appear in our flips dataset.
Is 541 West Ln a tax-appeal candidate?
Yes — 541 West Ln 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
-1.1%
Implied 1-yr
-4.4%
2026 Q2
$174.5K
2026 Q3
$172.5K
ZIP 51301 — Median Price History + Forecast
Explore nearby
Geography
Other properties on West Ln