506 W South St Prairie City, IA 50228

3 beds · 1 bath · 1,969 sq ft · Lot Size: 14,260 sq ft · Single Family Home
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506 W South 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 1955 and is approximately 70 years old. The single family home spans 1969 sq ft with 3 bedrooms and 1 bathroom and sits on a 14260 sq ft lot. According to public records, it was last sold in 2003. Analyze and compare real estate investment strategies for properties like this home at 506 W South St Prairie City, IA 50228 with Property Intel by Whitepages.

Investment Potential for 506 W South St

The property has a current estimated value of $159,730, which is 10% below the zip median, based on public records. It last sold on November 26, 2003. Projected long-term
is $21,600 annually ($1,800 per month) with a 93% occupancy rate.

Long-Term

Gross Rental
$21,600 per year($1,800 per month)
Net Operating Income
Cap Rate
Occupancy Rate
93%in 50228 zip code
 
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Owners & Occupancy for 506 W South St

This property is owned by Matt M Moralez. Owner contact information includes 4 phone numbers and 2 email addresses.

Property Owners

Residence****************
Landline(515) 994-2424+ 3 more
Distance from Property**********
Email Address*********@hotmail.com

Property Ownership Information

Purchase DateNovember 26, 2003
Property Tax Amount$3,062 in 2024

Occupancy

Current Occupancy*****View Occupancy
Resident 1************** age 37
Resident 2*************** age 43
Resident 3************** age 43

Property Details for 506 W South St

Property Details

Property Sq Ft

Living Area

1,969 sq ft

Compare to 50228

Lot Size

14,260 sq ft

Compare to 50228

Price Per Sq Ft

Living Area

$81 / sq ft

Compare to 50228

Lot Size Area

$11 / sq ft

Compare to 50228
Property condition, age, exterior, etc. for 506 W Sout…
Longitude: -93.241659 Latitude: 41.595299 Parcel Number (APN): 16-02-215-005…
Mortgage originated on through lender: UNKNOWN for$*****View Mortgage Details
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Discover more single family homes near 506 W South St in Prairie City, Iowa. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 506 W South St in Jasper County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$159,730
$206,495
-$46,765 (-23%)
YoY Price Change
2.63%
397%
Year Built
1955
1966
-11 years
Living Space
1,969 sq ft
1,561 sq ft
408 (26%)
$ Per Living Sq Ft
$81
$136
-$55 (-40%)
Lot Size
14,260 sq ft
10,500 sq ft
3760 (36%)
$ Per Lot Sq Ft
$11
$23
-$11 (-50%)

Net Operating Income
$12,698
$1,777 (14%)
Annual Revenue
$21,600
$19,200
$2,400 (12%)
$6,021
$1,104 (18%)
Net Operating Income
$12,698
$1,777 (14%)
Cap Rate
5.46%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians