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For sale
  • Price cut: $2.5K (7/29)
    $187,500

    500 N Valley Dr Unit 506, Des Moines, IA 50312

    2beds
    1,152sqft
    Townhouse, Condominium
    Built in 2002
    -- sqft lot
    $184,600 Zestimate®
    $163/sqft
    $180/mo HOA

    What's special

    Cozy fireplaceUpdated woodworkLuxury vinyl plank flooringFresh interior paintBuilt-in garage shelvingNewer hvac systemCloset organization system
    Move right into this beautifully updated 2-bedroom, 2.5-bath townhome offering 1,152 finished square feet of stylish, low-maintenance living in a prime metro location. Just minutes from downtown Des Moines, West Des Moines, and I-80, you'll enjoy convenient access to shopping, dining, parks, and entertainment. The inviting living room features a cozy fireplace, while the private patio provides the perfect outdoor retreat. Both spacious bedrooms offer private en-suite baths, and second-floor laundry adds everyday convenience. Recent updates include a newer HVAC system, water heater, luxury vinyl plank flooring, stair carpet, fresh interior paint, updated woodwork, custom pull-out storage beneath the stairs, a closet organization system, and built-in garage shelving. This well-maintained community features mature trees, a tranquil pond with water lilies, and roofs replaced in 2021. A 1-car attached garage completes this move-in-ready home. Located just off the bike trail and next to Frisbee Park, you'll be within walking distance of the renovated Val Air Ballroom, historic Valley Junction, and the Des Moines Art Center. You're also just minutes from the Ingersoll Entertainment District, Western Gateway Park, Pappajohn Sculpture Park, Water Works Park, Gray's Lake, Jordan Creek, and downtown Des Moines—placing many of Central Iowa's most popular destinations right at your doorstep.
    23 days
    |
    480
    |
    27
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tresa Boal,

    Iowa Realty Mills Crossing

    Source: DMMLS,MLS#: 745054MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Heating
      • Forced Air, Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
      • Laundry: Upper Level
      Features
      • Dining Area, Window Treatments
      • Flooring: Carpet, Tile
      • Number of fireplaces: 1
      • Fireplace features: Gas, Vented
      Interior area
      • Total structure area: 1,152
      • Total interior livable area: 1,152 sqft
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Attached, Garage, One Car Garage
      • Attached garage spaces: 1
      Features
      • Levels: Two
      • Stories: 2
      Details
      • Parcel number: 09002127032000
      • Zoning: PUD

      Construction

      Type & style
      • Home type: Townhouse
      • Architectural style: Two Story
      • Property subtype: Townhouse, Condominium
      Materials
      • Vinyl Siding
      • Foundation: Slab
      • Roof: Asphalt,Shingle
      Condition
      • Year built: 2002

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: Sidewalks
      • Security: Smoke Detector(s)
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds, Maintenance Structure, Snow Removal
      • HOA fee: $180 monthly
      • HOA name: Frisbee Park Townhome Assn.
      • Second HOA name: Conlin Properties
      • Second HOA phone: 515-246-8016
      Location
      • Region: Des Moines

      Financial & listing details

      • Price per square foot: $163/sqft
      • Tax assessed value: $173,700
      • Annual tax amount: $2,979
      • Date on market: 7/13/2026
      • Cumulative days on market: 23 days
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Road surface type: Concrete

        Estimated market value

        $184,600

        $175,000 - $194,000

        $1,671/mo

        Price history

        DateEventPrice
        7/29/2026Price change$187,500-1.3%$163/sqft
        Source: DMMLS #745054 Report a problem
        7/13/2026Listed for sale$190,000+43.9%$165/sqft
        Source: DMMLS #745054 Report a problem
        6/3/2019Sold$132,000$115/sqft
        Source: DMMLS #577704 Report a problem
        4/23/2019Pending sale$132,000$115/sqft
        Source: Pennie Carroll & Associates #577704 Report a problem
        3/26/2019Listed for sale$132,000$115/sqft
        Source: Pennie Carroll & Associates #577704 Report a problem
        3/25/2019Pending sale$132,000$115/sqft
        Source: Pennie Carroll & Associates #577704 Report a problem
        3/11/2019Listed for sale$132,000+25.7%$115/sqft
        Source: Pennie Carroll & Associates #577704 Report a problem
        12/15/2015Sold$105,000$91/sqft
        Source: DMMLS #505471 Report a problem
        9/22/2015Listed for sale$105,000+7.1%$91/sqft
        Source: Owner Report a problem
        11/8/2013Sold$98,000-4.4%$85/sqft
        Source: DMMLS #421616 Report a problem
        7/18/2013Listed for sale$102,500-6.4%$89/sqft
        Source: Iowa Realty Co., Inc. #421616 Report a problem
        10/11/2002Sold$109,500$95/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,774 +2.2%$173,700 +17%
        2024$2,714 -5.3%$148,400
        2023$2,866 +0.8%$148,400 +13.7%
        2022$2,842 +0.7%$130,500
        2021$2,822 -3.6%$130,500 +7.2%
        2020$2,926 +7.9%$121,700
        2019$2,712 +1.3%$121,700 +11.2%
        2018$2,678 $109,400
        2017$2,678 +6.5%$109,400 +5.1%
        2016$2,514 $104,100
        2015$2,514 +8.7%$104,100 +4.9%
        2014$2,312 $99,200
        2013-- $99,200 -2.7%
        2012-- $102,000
        2011-- $102,000 -15.1%
        2010-- $120,200
        2009-- $120,200 +3%
        2008-- $116,700
        2007-- $116,700 +3.9%
        2006-- $112,300
        2005-- $112,300 +3.8%
        2003-- $108,160 +108060%
        2002-- $100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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: Frisbee Park

        Getting around

        28 / 100
        Car-Dependent
        21 / 100
        Minimal Transit
        63 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Des Moines Independent

        Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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