209 W 8th St Prairie City, IA 50228

4 beds · 2 baths · 2,082 sq ft · Lot Size: 15,707 sq ft · Single Family Home
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High Demand Long-Term RentalValued below Market MedianLarge Lot AdvantageGood value per sqftOwned for 25 - 50 YearsOwner Age Above 75

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209 W 8th St is in the 50228 neighborhood of Prairie City, IA. It is located in Jasper County and ZIP code 50228. This Single Family Home was built in 1905 and is approximately 120 years old. The single family home spans 2082 sq ft with 4 bedrooms and 2 bathrooms and sits on a 15707 sq ft lot. According to public records, it was last sold in 1998. Analyze and compare real estate investment strategies for properties like this home at 209 W 8th St Prairie City, IA 50228 with Property Intel by Whitepages.

Investment Potential for 209 W 8th St

The property has a current estimated value of $170,519, which is 17% below the zip median, based on public records. It last sold on March 08, 1998. Projected long-term
is $19,800 annually ($1,650 per month) with a 93% occupancy rate.

Long-Term

Gross Rental
$19,800 per year($1,650 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
93%in 50228 zip code
 
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Owners & Occupancy for 209 W 8th St

This property is owned by Margaret Joann Wells. Owner contact information includes 3 phone numbers and 1 email address.

Property Owners

Cell Phone(515) ***-****
Residence****************
Landline(515) 994-2363+ 1 more
Distance from Property**********
Email Address********@live.com
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Property Ownership Information

Purchase DateMarch 08, 1998
Property Tax Amount$2,084 in 2024

Occupancy

Current Occupancy*****View Occupancy
Resident 1************ age 63
Resident 2******************** age 94

Property Details for 209 W 8th St

Property Details

Property Sq Ft

Living Area

2,082 sq ft

Compare to 50228

Lot Size

15,707 sq ft

Compare to 50228

Price Per Sq Ft

Living Area

$82 / sq ft

Compare to 50228

Lot Size Area

$11 / sq ft

Compare to 50228
Compare to Zip Median
Property condition, age, exterior, etc. for 209 W 8th …
Longitude: -93.238714 Latitude: 41.602257 Parcel Number (APN): 11-36-453-007…
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Market Benchmarks

Compare data for 209 W 8th St in Jasper County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$170,519
$291,982
-$121,463 (-42%)
—
—
—
YoY Price Change
****%
2.36%
600%
Year Built
1905
1976
-71 years
Living Space
2,082 sq ft
2,265 sq ft
-183 (-8%)
$ Per Living Sq Ft
$82
$134
-$52 (-39%)
Lot Size
15,707 sq ft
13,939 sq ft
1768 (13%)
$ Per Lot Sq Ft
$11
$26
-$16 (-59%)

Net Operating Income
$*****
$13,707
$112 (1%)
Annual Revenue
$19,800
$21,600
-$1,800 (-8%)
$****
$7,181
-$1,200 (-17%)
Net Operating Income
$*****
$13,707
$112 (1%)
Cap Rate
****%
4.56%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians