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  • Price cut: $2.6K (6/3)
    $64,900

    307 Prospect St, Iowa Falls, IA 50126

    2beds
    624sqft
    : 
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    Single Family Residence
    Built in 1950
    6,534 Square Feet Lot
    $-- Zestimate®
    $104/sqft
    $-- HOA

    What's special

    Clean functional layoutMove-in-ready sanctuary
    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
    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#: 6337907MLS Logo

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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

        DateEventPrice
        6/3/2026Price change$64,900-3.9%$104/sqft
        Source: NoCoast MLS as distributed by MLS GRID #6337907 Report a problem
        5/19/2026Price change$67,500-2.9%$108/sqft
        Source: NoCoast MLS as distributed by MLS GRID #6337907 Report a problem
        5/4/2026Listed for sale$69,500+363.3%$111/sqft
        Source: NoCoast MLS as distributed by MLS GRID #6337907 Report a problem
        2/4/2025Listing removed$825$1/sqft
        Source: Zillow Rentals Report a problem
        1/18/2025Listed for rent$825$1/sqft
        Source: Zillow Rentals Report a problem
        7/21/2023Sold$15,000$24/sqft
        Source: NoCoast MLS as distributed by MLS GRID #6310189 Report a problem

        Public tax history

        YearProperty taxesTax 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

        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

        Getting around

        41 / 100
        Car-Dependent
        36 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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