Welcome to 307 Prospect St, a rare opportunity that balances high-yield potential with the pride of homeownership. Strategically priced for a clean, efficient sale, this property is being sold strictly in As-Is condition, perfect for the buyer looking for instant equity or a plug-and-play investment. Inside, you’ll find a clean, functional layout. For the homeowner, it’s a move-in-ready sanctuary with 2 beds & 1 bath. For the investor, this property is a 'cash-flow' machine, previously commanding a market-strong rent of $850 per month with a proven payment history. Located just minutes from the historic Swinging Bridge, this home combines small-town charm with modern reliability. Whether you are looking to escape the rent cycle or expand your Midwest holdings, this property is ready for its next chapter. Property is being sold as-is. Seller is looking for a straightforward transaction, don’t miss your chance to own a piece of Iowa Falls, schedule your tour toda
Active
Price cut: $2.6K (6/3)
$64,900
307 Prospect St, Iowa Falls, IA 50126
2beds
624sqft
Single Family Residence
Built in 1950
6,534 Square Feet Lot
$-- Zestimate®
$104/sqft
$-- HOA
What's special
Clean functional layoutMove-in-ready sanctuary
- 58 days |
- 341 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Jeffrey Hagel 952-529-0066,
Jeff Hagel Real Estate
Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6337907
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 2
- Level: Main
Other
- Level: Main
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Forced Air
Cooling
- Window Unit(s)
Features
- Basement: Full
Interior area
- Total interior livable area: 624 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Lot
- Size: 6,534 Square Feet
- Dimensions: 50 x 131
Details
- Parcel number: 892018355006
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Siding
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Iowa Falls
Financial & listing details
- Price per square foot: $104/sqft
- Tax assessed value: $31,300
- Annual tax amount: $548
- Date on market: 5/4/2026
- Cumulative days on market: 59 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Price change | $64,900-3.9%$104/sqft |
Source: | ||
| 5/19/2026 | Price change | $67,500-2.9%$108/sqft |
Source: | ||
| 5/4/2026 | Listed for sale | $69,500+363.3%$111/sqft |
Source: | ||
| 2/4/2025 | Listing removed | $825$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/18/2025 | Listed for rent | $825$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/21/2023 | Sold | $15,000$24/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $548 +4.6% | $31,300 +13.6% |
| 2024 | $524 +3.1% | $27,550 |
| 2023 | $508 +4.1% | $27,550 +18.9% |
| 2022 | $488 +11.9% | $23,180 |
| 2021 | $436 +3.5% | $23,180 +18.8% |
| 2020 | $421 +10.5% | $19,510 |
| 2019 | $381 +0.2% | $19,510 +10% |
| 2018 | $380 -1% | $17,740 +10% |
| 2017 | $384 | $16,130 |
| 2016 | $384 -4.5% | $16,130 |
| 2015 | $402 +0.5% | $16,130 |
| 2014 | $400 +14.3% | $16,130 |
| 2013 | $350 -1.1% | -- |
| 2012 | $354 +18.8% | -- |
| 2011 | $298 +6.4% | -- |
| 2010 | $280 -2.1% | -- |
| 2009 | $286 -2.7% | -- |
| 2008 | $294 +3.5% | -- |
| 2007 | $284 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 50126
Nearby schools
GreatSchools rating
- NAPineview Elementary SchoolGrades: PK-1Distance: 0.9 mi
- 7/10Riverbend Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10Iowa Falls - Alden High SchoolGrades: 9-12Distance: 1.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Iowa
- Hardin County
- Iowa Falls
- 50126
- 307 Prospect St


