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515 8th St, Ames, IA, 50010

2beds
2baths
1,224sqft
$273,000
$223price/sqft
$2,018/moest. monthly cost
$80,720/yrincome needed

About This Home

This charming, well-maintained home combines timeless character with thoughtful modern updates in one of downtown Ames' most convenient locations. This home puts everyday conveniences just a short walk away including Mary Greeley/McFarland, Fareway, the library, farmers market, main street shopping, cafes and restaurants, City Hall, the post office and the newly opened downtown Schainker Plaza Splash Pad. Inside, you'll find original hardwood floors in excellent condition complemented by refreshed interior paint and a stylishly remodeled kitchen featuring new cabinetry with soft-close drawers, updated hardware, and a full suite of new LG appliances--including an induction range and versatile all-in-one microwave, oven, and air fryer. Designed for comfortable everyday living, the home includes remodeled bathrooms, new light fixtures, and convenient second-floor laundry. Major system updates provide peace of mind, including a new garage door, updated windows throughout, a gas furnace and air conditioning system replaced in 2022, electric water heater installed 2026, new gutter guards, and a hail-resistant roof installed in 2013. Energy-conscious buyers will appreciate the upgraded 220-amp electrical service--ready for an EV charger--and an early participant in the City of Ames' Time of Use Meter program, offering access to lower electric rates during evenings and overnight hours. The current owners have also updated the thermostat to a programmable smart-home device. The basement offers exceptional flexibility with a dedicated shop space currently configured as a woodshop complete with workbenches, built-in shelving, and abundant storage. Outside, enjoy a manageable, low-maintenance yet manicured yard that lets you spend more time enjoying the neighborhood. Call for a showing today - this is a rare opportunity to enjoy an updated home with character, efficiency, and an exceptional location!

Getting Around

82
WalkingVery Walkable
0
TransitVery Limited Transit
90
BikeBiker's Paradise

Schools

8/10
Meeker Elementary SchoolGrades K-50.8 mi
6/10
Ames Middle SchoolGrades 6-82.9 mi
7/10
Ames High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1947

Materials

  • Foundation: Block,Tile
  • Construction materials: Other

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished,Sump Pump

Bedroom

  • Level: Upper

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main

Family Room

  • Level: Main

Features

  • Ceiling Fan(s)
  • Window features: Window Treatments
  • Flooring: Luxury Vinyl,Hardwood

Full Bathroom

  • Level: Upper

Half Bathroom

  • Level: Main

Heating & Cooling

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

Interior Area

  • Total structure area: 1,224
  • Total interior livable area: 1,224 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Upper

Property

Details

  • Parcel number: 0902301080
  • Zoning: Res- MD
  • Special condition: Standard

Features

  • Patio & porch: Patio

Lot

  • Lot size: 3,484 sqft
  • Features: Level
  • Lot size dimensions: 50' x 70'

Parking

  • Parking features: Garage
  • Has garage: Yes

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

  • Tornado
    TornadoVery High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Winter Weather
Hail
Inland Flooding
Lightning
Strong Wind

FEMA Declared Disasters Across Iowa Counties

Flood
Severe Storm
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 $1,380$16,560
Home Insurance *$161$1,932
Property Taxes $356$4,272
Electricity $121$1,452
Total$2,018$24,216
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$69,188/yr
40% on housing$60,540/yr
45% on housing$53,813/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: 12.3%
12.3%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: -1.8%
-1.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$223This listing

vs Other Active Listings

Avg $/sqft

ZIP 50010$191
Story County$203

vs Homes Sold Last Month

Median $/sqft

ZIP 50010$195
Story County$210

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)

Price History

DateEventPrice
2026-06-30Listed for sale$273,000
2023-09-18Sold$200,000
2023-07-20Pending sale$200,000
2023-07-19Listed for sale$200,000
2017-11-01Sold$108,000
2013-04-01Sold$119,900
2013-02-19Listed for sale$119,900
2009-05-08Sold$110,000
2006-04-03Sold$111,500

For Sale by Agent

AgentKatherine Orngard
BrokerageFriedrich Realty

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