520 E 2nd St Spencer, IA 51301
Estimated payment $498/month
Highlights
- Formal Dining Room
- 1 Car Detached Garage
- Eat-In Kitchen
- Spencer Middle School Rated 9+
- Porch
- Woodwork
About This Home
Opportunity Knocks! This classic bungalow offers a great starting point for your next investment or new home —whether you’re looking to start home ownership, flip or add a steady rental to your portfolio. Featuring potentially two bedrooms, one bath, an eat-in kitchen, and a formal dining room, the layout is simple and functional. Original woodwork trim adds character throughout, while an enclosed front porch extends the living space and provides a welcoming entry. The property also includes a one-car detached garage and is conveniently located near the high school, making it appealing for future tenants or buyers. With its manageable size and traditional charm, this home is ready for your vision and updates.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,548
Year Built
- Built in 1915
Lot Details
- 9,375 Sq Ft Lot
- Lot Dimensions are 75 x 125
Parking
- 1 Car Detached Garage
- Driveway
Home Design
- Bungalow
- Asphalt Roof
- Steel Siding
- Stick Built Home
Interior Spaces
- 884 Sq Ft Home
- 1-Story Property
- Woodwork
- Formal Dining Room
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Cooktop
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Outdoor Features
- Patio
- Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 963618207016
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,548 | $106,330 | $25,460 | $80,870 |
| 2024 | $1,548 | $96,680 | $19,640 | $77,040 |
| 2023 | $1,496 | $96,680 | $19,640 | $77,040 |
| 2022 | $1,384 | $82,010 | $19,640 | $62,370 |
| 2021 | $1,334 | $77,500 | $19,640 | $57,860 |
| 2020 | $1,334 | $70,860 | $16,730 | $54,130 |
| 2019 | $1,194 | $65,110 | $0 | $0 |
| 2018 | $1,152 | $63,820 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/25/2025 11/25/25 | Price Changed | $70,000 | -12.5% | $79 / Sq Ft |
| 11/03/2025 11/03/25 | Price Changed | $80,000 | -15.7% | $90 / Sq Ft |
| 10/08/2025 10/08/25 | Price Changed | $94,900 | -5.0% | $107 / Sq Ft |
| 09/02/2025 09/02/25 | Price Changed | $99,900 | -9.2% | $113 / Sq Ft |
| 08/12/2025 08/12/25 | For Sale | $110,000 | -- | $124 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $3,500 | None Available |
Source: Iowa Great Lakes Board of REALTORS®
MLS Number: 251037
APN: 9636-18-207-016
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