Enjoy peaceful living in this well-maintained end-unit townhome nestled in a secluded South of Grand location within desirable Frisbee Park. This 2-bedroom, 2 full and 1 half bath home offers a functional layout with 9' ceilings on the main level, a cozy corner fireplace with stone detailing, and a built-in entertainment center.
The kitchen features ceramic tile flooring and includes all appliances. Convenient second-floor laundry (washer and dryer stay) adds to the ease of living. Both bedrooms offer walk-in closets and private full baths, including a spacious primary suite.
Relax and unwind with views of wooded areas and a pond, plus direct access to walking and biking trails. Complete with a 2-car attached garage and a prime location near downtown, Des Moines University, shopping, parks, and easy freeway access—this home combines comfort, convenience, and low-maintenance living. No sign on property.
For sale
Price cut: $10K (6/26)
$205,000
500 N Valley Dr Unit 602, Des Moines, IA 50312
2beds
1,332sqft
:
Get pre-qualified$1,654/mo
Townhouse, Condominium
Built in 2002
-- sqft lot
$200,100 Zestimate®
$154/sqft
$180/mo HOA
What's special
Built-in entertainment centerSpacious primary suiteIncludes all appliances
- 40 days |
- 475 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
DEBRA MCGHEE 515-360-3652,
Iowa Realty Mills Crossing
Source: DMMLS,MLS#: 738881
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Stove
- Laundry: Main Level
Features
- Dining Area
- Flooring: Carpet, Tile
- Number of fireplaces: 1
- Fireplace features: Gas Log
Interior area
- Total structure area: 1,332
- Total interior livable area: 1,332 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage, Two Car Garage
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio
- Exterior features: Patio
Lot
- Features: Corner Lot
Details
- Parcel number: 09002127036000
- Zoning: RES
Construction
Type & style
- Home type: Townhouse
- Architectural style: Two Story
- Property subtype: Townhouse, Condominium
Materials
- Vinyl Siding
- Foundation: Poured, Slab
- Roof: Asphalt,Shingle
Condition
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Snow Removal
- Security: Smoke Detector(s)
HOA
- Has HOA: Yes
- Services included: Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash
- HOA fee: $180 monthly
- HOA name: Frisbee Park Townhomes HOA
- Second HOA name: Conlin Properties
- Second HOA phone: 515-246-8016
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $154/sqft
- Tax assessed value: $199,900
- Annual tax amount: $3,236
- Date on market: 4/20/2026
- Cumulative days on market: 97 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Concrete
Estimated market value
$200,100
$190,000 - $210,000
$1,691/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Price change | $205,000-4.7%$154/sqft |
Source:  DMMLS #738881 Report a problem | ||
| 4/30/2026 | Price change | $215,000-1.8%$161/sqft |
Source: DMMLS #738881 Report a problem | ||
| 4/20/2026 | Listed for sale | $219,000+81.7%$164/sqft |
Source: DMMLS #738881 Report a problem | ||
| 5/5/2015 | Sold | $120,500-8.4%$90/sqft |
Source: Public Record Report a problem | ||
| 11/30/2005 | Sold | $131,500+5.6%$99/sqft |
Source: Public Record Report a problem | ||
| 7/31/2002 | Sold | $124,500$93/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,236 +2.2% | $199,900 +16.6% |
| 2024 | $3,166 -4.5% | $171,400 |
| 2023 | $3,314 +0.8% | $171,400 +14.6% |
| 2022 | $3,288 +1.1% | $149,500 |
| 2021 | $3,252 -3.6% | $149,500 +7.6% |
| 2020 | $3,372 +7.6% | $138,900 |
| 2019 | $3,134 +1.2% | $138,900 +11% |
| 2018 | $3,096 | $125,100 |
| 2017 | $3,096 +7.1% | $125,100 +5.7% |
| 2016 | $2,890 | $118,400 |
| 2015 | $2,890 +9.1% | $118,400 +5.3% |
| 2014 | $2,650 | $112,400 |
| 2013 | -- | $112,400 -3% |
| 2012 | -- | $115,900 |
| 2011 | -- | $115,900 -14.9% |
| 2010 | -- | $136,200 |
| 2009 | -- | $136,200 +2.9% |
| 2008 | -- | $132,300 |
| 2007 | -- | $132,300 +3.6% |
| 2006 | -- | $127,700 |
| 2005 | -- | $127,700 +3.3% |
| 2003 | -- | $123,610 +123510% |
| 2002 | -- | $100 |
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.Climate risks
Neighborhood: Frisbee Park
Nearby schools
GreatSchools rating
- 6/10Hanawalt Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Merrill Middle SchoolGrades: 6-8Distance: 0.7 mi
- 5/10Roosevelt High SchoolGrades: 9-12Distance: 1.5 mi
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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A local agent can set up tours, give advice and negotiate with sellers.
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