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1603 E Franklin Ave, Indianola, IA, 50125

4beds
3baths
1,187sqft
$349,900
$295price/sqft
$2,100/moest. monthly cost
$84,000/yrincome needed

About This Home

Built in 2022 with 2080 sq ft of finished living space and the popular '2 up, 2 down' bedroom layout, this Tanzanite ranch still feels new! You'll love the main floor open concept layout! The spacious kitchen features quartz countertops, a large-basin sink and a pantry. The dining area has sliders to the deck to make summer grilling convenient, and the living area has vaulted ceilings and a 48" electric fireplace. The laundry room is off of the garage and the Maytag washer/dryer set is included. Primary suite and supplemental bedroom and bath complete the main level. The primary suite includes a bathroom with dual vanity sinks, glass shower doors, a linen closet & a walk-in closet. The finished lower level not only has 2 more bedrooms, a full bath & a fantastic family room... it also has plenty of room left for storage! The attached 2 car garage has a vent system for your wood-working or other projects. The fully-fenced backyard has a 12x12 deck, complete with an included retractable awning. There is also a greenhouse and 2 sheds - 1 large (320 sq ft) and 1 standard size. There's still time left on the tax abatement - reach out or ask your agent for details! All information obtained from seller and public records.

Getting Around

11
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

5/10
6/10
Indianola Middle SchoolGrades 6-80.7 mi
9/10
Indianola High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 2022

Materials

  • Foundation: Poured
  • Roof: Asphalt,Shingle
  • Construction materials: Vinyl Siding

Other

  • Builder name: Tanzanite

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Microwave,Refrigerator,Stove,Washer
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Finished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 2
  • Main level bedrooms: 2

Features

  • Dining Area,Eat-in Kitchen,See Remarks,Cable TV,Window Treatments
  • Flooring: Carpet
  • Number of fireplaces: 1
  • Fireplace features: Electric
  • Fireplace: Yes
  • Finished area below ground: 900

Heating & Cooling

  • Heating features: Forced Air,Gas,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,187
  • Total interior livable area: 1,187 sqft

Property

Accessibility

  • Accessibility features: Grab Bars,Low Threshold Shower,See Remarks

Details

  • Parcel number: 48043020170
  • Zoning: R

Features

  • Stories: 1
  • Patio & porch: Deck
  • Exterior features: Deck,Sprinkler/Irrigation,Storage
  • Fencing: Chain Link

Lot

  • Lot size: 8,712 sqft
  • Features: Rectangular Lot
  • Lot size dimensions: 63 x 135

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage,Two Car Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Tornado
Cold Wave
Drought
Hail
Heat Wave
Winter Weather

FEMA Declared Disasters Across Iowa Counties

Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$210$2,520
Property Taxes $0$0
Electricity $121$1,452
Total$2,100$25,200
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$72,000/yr
40% on housing$63,000/yr
45% on housing$56,000/yr

Iowa FAIR Plan Programs

Iowa FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 1,021Commercial: 22
Total Premiums$1.14M
Total Exposure$85.68M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.1%
13.1%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: -1.3%
-1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$295This listing

vs Other Active Listings

Avg $/sqft

ZIP 50125$213
Warren County$215

vs Homes Sold Last Month

Median $/sqft

ZIP 50125$213
Warren County$215

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-04Pending sale$349,900
2026-07-17Listed for sale$349,900
2026-07-08Pending sale$349,900
2026-06-04Listed for sale$349,900
2022-09-16Sold$367,500
2022-08-15Pending sale$367,500
2022-07-08Price change$367,500
2022-02-15Price change$375,730
2022-02-02Listed for sale$350,660
2021-11-30Listing removed--
2021-10-12Price change$310,620
2021-07-29Price change$349,130
2021-07-15Price change$400,980
2021-07-08Listed for sale$380,980
2021-05-14Listing removed--
2021-05-05Sold$52,900
2020-09-28Pending sale$52,900
2020-03-03Listed for sale$52,900

For Sale by Agent

AgentRachel Wallace
BrokerageRE/MAX Precision

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