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225 1st St

Washburn, IA 50702

3 bd 5 ba 2,920 sqft Built 1893 multi_family
Most recent sale
$69,000
Aug 26, 2021

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Mar 18, 2025 Sold $140,000 Public Record
Jun 4, 2024 Listed $125,000 NorthEastIARegional
Mar 28, 2024 Price changed $125,000 CedarRapids
Mar 11, 2024 Listed $170,000 CedarRapids
Aug 26, 2021 Sold $69,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $77,090 $7,980 $85,070 $1,572
2024 $77,090 $7,980 $85,070 $1,448
2023 $64,480 $7,980 $72,460 $1,052
2022 $44,140 $3,720 $47,860 $1,206
2021 $44,140 $3,720 $47,860 $1,198
2020 $40,460 $3,720 $44,180 $1,274
2019 $40,460 $40,460 $1,308
2018 $40,460 $40,460 $1,352
2017 $39,080 $39,080 $1,424
2016 $39,080 $39,080 $1,506
2015 $39,080 $39,080 $1,598
2014 $39,080 $3,720 $42,800 $1,684
2013 $39,080 $3,720 $42,800 $1,594
2012 $35,520 $3,720 $39,240 $1,632
2011 $35,520 $3,720 $39,240 $1,741
2010 $37,060 $3,730 $40,790 $1,744
2008 $37,060 $3,730 $40,790 $1,762

Property facts

Year built
1893
Property type
multi_family
Stories
Beds
3
Baths
5
Living area
2,920 sqft
Lot size
ZIP code
50702
City
Washburn
Street
1st St
Coordinates
42.50178, -92.33963

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$414
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 225 1st St last sell?
225 1st St most recently sold on Aug 26, 2021 for $69,000.
What is the current tax assessment for 225 1st St?
The most recent total assessment for 225 1st St (year 2025) is $85,070 with $1,572 in property tax.
How does 225 1st St's assessment compare to its last sale price?
The current assessment is 23.3% above the last sale price of $69,000.
When was 225 1st St built?
225 1st St was built in 1893.
How does 225 1st St compare to others on 1st St?
We track 8 other properties on 1st St. Browse the list under "Other properties on 1st St" to compare beds, baths, and sale history.
What are the property facts for 225 1st St?
225 1st St is a 3 bed, 5 bath, 2,920 sqft multi_family.
Is 225 1st St a flip candidate?
No — 225 1st St does not appear in our flips dataset.
Is 225 1st St a tax-appeal candidate?
No — 225 1st 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
+0.4%
Implied 1-yr
+1.4%
2026 Q3
$154.1K
2026 Q4
$154.6K
ZIP 50702 — Median Price History + Forecast

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