Context map of 1502 DELAWARE AVE, AMES, IA, 50014 with nearby amenities

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1502 DELAWARE AVE, AMES, IA, 50014

Franklin Township, IA, 50014

At a Glance

B85/100
📍Location Check

Some amenities nearby, but not everything

A few essentials within reach, though some errands will require more of a drive.

🏠 Everyday location — doesn't help or hurt the price case materially.

💰Price Check

Looks low for the area

Priced about 11% below 4 recent comparable sales nearby.

🏠 Number sits inside the comp range — the decimal point moves on condition and upgrades.

📊Market Demand

Moderate market activity

Mixed signals — low vacancy (0%). Worth monitoring.

🏠 Homes are sitting 149.46 days on average. Pricing has to be right on day one — no margin for testing.

🌿Environmental Risk

High radon risk — testing recommended

This is worth factoring into your decision — review details in the full report below.

🏠 High-radon county. Test at inspection. Mitigation is cheap, but you want to know.

🏠Property Fit

Some features are unusual for the area

apartment — may be harder to compare with standard homes. Broad averages may be less reliable for this property.

🏠 Fit on multi-family isn't square footage — it's income stability, unit mix, and tenant quality.

What to Verify Next

  • Review recent nearby closed sales to confirm the value gap
  • Request a radon test during your inspection period
  • Confirm permit history with the county
  • Ask about prior water intrusion or foundation issues

Neighborhood comp range

$175,000 – $214,000

Based on limited comparable sales — verify with a local CMA

Based on 4 recent comparable sales nearby

LowMidpointHigh
$175,000$214,000

What Stands Out

Red Flags

Confidence Signals

Looking at this property as an investment?

Run this address through the Investment Analyzer to estimate rent, expenses, cash flow, and long-term return.

Multi-unit property — the Analyzer handles rent rolls and per-unit scenarios.

Analyze This Property as an Investment

We'll use this address as a starting point. You can adjust price, rent, and assumptions.

$194,500

Last Sale Price

3

Beds

1

Baths

800

Sq Ft

Property Snapshot

Property TypeApartment
Bedrooms3
Bathrooms1
Square Footage800 sq ft
Price Per Sq Ft$243
Last Sale Price$194,500
Last Sale DateOctober 17, 2011

Market Context

Median Home Value (ZIP)$288,900
Estimated Monthly Mortgage$1,461/mo (est. 6.5%, 20% down)
Owner-Occupied0%
Renter-Occupied0%
Vacancy Rate0%

Risk & Safety

B-
FEMA Flood ZoneZone X — Minimal flood risk
Radon RiskZone 1 — High risk, testing recommended

Schools & Education

Assigned School DistrictAmes Community School District

School assignment may vary — confirm with the district directly

Nearby Public Schools

Sawyer Elementary School0.2 mi
Edwards Elementary School1.4 mi
Ames Middle School1.6 mi
Ames High School2.5 mi
Fellows Elementary School2.8 mi

Nearby Private Schools

ST CECILIA ELEMENTARY SCHOOL2.8 mi

Nearby Colleges & Universities

Iowa State Graduate College1.7 mi
Iowa State University1.8 mi
College of Human Sciences at Iowa State University1.9 mi
Ivy College of Business2 mi
Grand View University29 mi

Location Check

C+
Nearby AmenitiesData temporarily unavailable — re-run report for full results

Environmental Risk

A-
Superfund Sites in ZIPNone — Clean
Toxic Release FacilitiesNone — Clean
Solar Potential4.0 kWh/m²/day avg

Neighborhood

MunicipalityFranklin Township
Population (ZIP)31,376
CountyStory County

Market Snapshot — ZIP 50014

Recent market data for this ZIP code

$260,000

Median Sale Price (ZIP)

$1,100/mo

Median Rent

149.46 days

Avg Days on Market

198

Active Listings

Property DetailsTax, construction, utilities & more

Solar Potential (GHI)4.0 kWh/m²/day
CountyStory County
MunicipalityFranklin Township

Recent Comparable Sales (4)

Median $/SqFt: $194
Avg $/SqFt: $209

Based on 4 recent comparable sales. Reasonable directional indicator.

4209 ONTARIO ST, AMES, IA 50014

3 bed · 2 bath · 864 sqft · Built 1962

$131,000

$152/sqftSold Sep 2025

3828 WINDSOR CT, AMES, IA 50014

4 bed · 2 bath · 935 sqft · Built 1965

$137,000

$147/sqftSold Aug 2025

1405 INDIANA AVE, AMES, IA 50014

2 bed · 2 bath · 923 sqft · Built 1980

$219,000

$237/sqftSold Aug 2025

905 ARIZONA AVE, AMES, IA 50014

3 bed · 2 bath · 936 sqft · Built 1968

$280,000

$299/sqftSold Jul 2025

Construction & Features

Exterior: Concrete
Basement: Improved
Garage: No
Pool: No

Tax & Assessment

$249,300

County Market Value (2023)

$249,300

Assessed Value (2025)

$3,540/yr

Annual Property Tax (2025)

Building: $181,300 · Land: $68,000

Ownership & Liens

Owner: DELAWARE 1501 CO-OP INC; LENCE, SERGIO HORACIO
Lender: FIRST NATIONAL BANK AMES IOWA
Liens: 1 ($194,300)
Est. equity: $102,122
🏆

What Stands Out

This property at 1502 DELAWARE AVE, AMES, IA, 50014 received an overall grade of B.

💪 Working in Your Favor

  • Minimal flood risk (Zone X)
  • No Superfund or toxic release sites in this ZIP
  • Low vacancy rate (0%) in this ZIP
  • Ames Community School District
  • Located in Franklin Township

👁️ Worth Checking

  • Radon Zone 1 — testing recommended before purchase

Agent's Comments

Agent-grade market commentary

This is just a range of potential value — $175K to $214K. We had limited comparable sales to work with, so treat this as a strong starting point — not a final answer. If the property needs a lot of work, it would sit at the lower end — and we can position it for a cash investor. If it has all the upgrades — new kitchen, updated baths, hardwood floors, a screened-in porch, pool, or other features we can't see in this report — it could push the value well above this range. That's what a walk-through tells us that the data can't. Multi-family properties are valued differently — income potential, cap rate, and tenant quality matter as much as the comps. This estimate uses residential comps, so an investor would want to run their own numbers.

This commentary is generated from public data and comparable sales — not a formal appraisal. A walk-through and local agent analysis are always recommended.

Your Market Snapshot

This 3-bedroom, 1-bathroom home at 1502 DELAWARE AVE, AMES, IA, 50014 offers 800 square feet. Overall, it earned a B grade — a solid score across the categories we evaluated.

Using 4 recent comparable sales as a reference, the estimated value is approximately $195,000. Comparable homes in the area are trading at a median of $194 per square foot.

Looking at the broader market, Homes in ZIP 50014 are sitting on the market longer than usual, averaging 149 days, and the median sale price sits at $260K.

Worth noting: high radon risk. On the positive side, minimal flood risk.

Have a question about this property or the surrounding area? Our AI assistant below has full context on this report and can help you dig deeper.

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Real Home Intel AI may make mistakes. Verify important information independently.

This is not an appraisal. Data sourced from public records and verified APIs.

Grades reflect environmental data, infrastructure, and public services. They do not reflect or consider the demographic composition of any area.

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Data sourced from U.S. Census Bureau, FEMA, EPA AirNow, EPA Envirofacts, NCES, USGS, NREL, HUD, FCC, NOAA, EIA, Walk Score, RentCast, OpenStreetMap, Census Geocoder, Realie.Report generated 4/20/2026.

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