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Sold on 06/16/2022
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520 E Lincoln Way, Ames, IA 50010

$222,000

Last sold 06/16/2022 for $135K

  • 3

    bed

  • 2

    bath

  • 1,840

    Sqft ($73/Sqft)

House not for sale
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About 520 E Lincoln Way

Property type House
Neighborhood
Year built 1933
HOA fee $0/month
Lot size 6,851 Sqft
Movoto estimate
Rental estimate
Property description
Discover a potential investment property on E Lincoln Way in Ames! This property has potential for a duplex, with a main level unit consisting of three bedrooms, a ¾ bathroom, kitchen and living room. The second floor unit is studio apartment-style, with a large living space, kitchen, and full bathroom. The current owner of the property has done numerous updates, but there are some additional items the City of Ames is requesting to get the property compliant. It is currently zoned commercially, so depending on the buyer, the property has the potential to be a commercial property, duplex or single-family residence. Please see the additional disclosure from the seller for a complete explanation.
Listed by
Listing Agent - Fett, Collin
Listing Office - RE/MAX Real Estate Center
Source: DMAAR mls logo
MLS#650689 • last updated 1 year ago
Movoto checked DMAAR for data 6 minutes ago
Overview
Cooling/AC Central Air
Levels/Style Two, Two Story, 2
SubType Residential
MLS # 650689
SqFt 1840
Status Closed
Lot Size (SqFt) 6851
Lot Size (Acres) 0.16
Property Tax 2122
Interior
Total # of Bathrooms 2
# of Full Baths 2
Total # of Bedrooms 3
Basement Unfinished
Exterior
Foundation Poured
Amenities / Utilities
Water Source Public
Location
Area Ames
Elementary School District Ames
Middle School District Ames
High School District Ames
Directions In Ames On The Corner Of E Lincoln Way And Cherry.
Lot/ Land Details
Road Surface Asphalt
$222K
Range: $150K-$293K
Last 30 days 
Rental est.: $1,300/month
Gross rent multiplier: 8.7 - Good
  • Nov 2023
    mls logo MLS # 681716
  • Nov 30, 2023 Sold
    $222,500 (-11.0%)
  • Oct 4, 2023 Pending
    —
  • Sep 8, 2023 Listed
    $250,000 (+85.2%)
  • Jun 2022
    mls logo MLS # 650689
  • Jun 16, 2022 Sold
    $135,000 (-20.6%)
  • May 4, 2022 Pending
    —
  • Apr 27, 2022 Listed
    $170,000
  • Year Property taxes Tax assessment
  • 2023
    $1,232
    $178,500
  • 520 E Lincoln Way
    $135K
  • South Ames Business
    $302K +202% y/y
  • 50010
    $300K -8% y/y
  • Ames
    $350K 0% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
109 Cherry Ave, Ames, IA 50010 $166,000 3/1 1,187 0.01
110 Cherry Ave, Ames, IA 50010 $154,000 3/1 1,171 0.03
115 Cherry Ave, Ames, IA 50010 $138,000 1/1 857 0.03
116 Cherry Ave, Ames, IA 50010 $117,000 3/1 864 0.03
119 Cherry Ave, Ames, IA 50010 $147,000 2/1 936 0.04
120 Cherry Ave, Ames, IA 50010 $135,000 —/1 912 0.04
121 Cherry Ave, Ames, IA 50010 $92,000 1/1 528 0.05
130 Cherry Ave, Ames, IA 50010 $138,000 2/1 894 0.06

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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N/A
Northwood Pre-School
public Grades PK, K
Ames Community School District
7/10
Kate Mitchell Elementary School
public Grades K-5
Ames Community School District
4/10
Ames Middle School
public Grades 6-8
Ames Community School District
7/10
Ames High School
public Grades 9-12
Ames Community School District
Source: GreatSchools.org © 2026. All rights reserved.

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