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TownhouseResidential
$313,184$183 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026

506 BALSAM DR

GILBERT, IA 50105
3
Beds
3 / 2
Baths
1,712 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
4,039 ft²
Lot SizeThe size of the land the home sits on, from county records.
2023
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$313K
$288K low$339K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,282 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$303,570 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$38,700
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$264,870
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$163,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$303,570

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.28
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
71
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
57
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
14
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Townhouse
StyleThe architectural style of the home, such as ranch or colonial.Townhouse
CountySTORY
Lot (acres)The size of the land the home sits on, from county records.0.09
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Patio · 144 ft²Porch · 144 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Gilbert High SchoolA
High · Grades 9–12 · 0.4 mi
E
Gilbert Elementary School
Elementary · Grades PK–2 · 0.5 mi
M
Gilbert Middle SchoolA+
Middle · Grades 6–8 · 0.7 mi

District: Gilbert Community School District

Neighborhood · ZIP 50105These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.43
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.89
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.11

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.98%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.35%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.7.1%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.880
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.98 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$99,398
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$111,349
Average tempThe average temperature here across a full year.48°F
Annual precipHow much rain and melted snow falls here in a typical year.34 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.61%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

506 Balsam Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Costs less per square foot than 79% of homes in Gilbert 50105
  • Bigger than 70% of homes in Gilbert 50105
  • Among the smallest lots in Gilbert 50105
  • Among the newest homes in Story County

What homes are worth in Gilbert 50105

Each bar is how many homes fall in that price range. The marker is this home.

This home
$133K$681K

This home is worth more than 41% of homes in Gilbert 50105.

How it measures up in Gilbert 50105

The dot is this home. The mark in the middle is the typical home in Gilbert 50105.

Estimated value$313,184
CheaperTypical $340,826Pricier

Pricier than 41% of homes nearby

Price per ft²$183
CheaperTypical $234Pricier

Pricier than 21% of homes nearby

Living area1,712 ft²
SmallerTypical 1,510 ft²Bigger

Bigger than 70% of homes nearby

Lot size4,039 ft²
SmallerTypical 0.23 acBigger

Smaller than almost all homes nearby

Year built2023
OlderTypical 1994Newer

Newer than 98% of homes nearby

How 506 Balsam Dr ranks against every home in each area.
MeasureThis homeGilbert 50105Story County
Estimated valuepricier than$313,18441% of homes60% of homes
Price per ft²pricier than$18321% of homes40% of homes
Living areabigger than1,712 ft²70% of homes69% of homes
Lot sizebigger than4,039 ft²almost no homes14% of homes
Year builtnewer than202398% of homesalmost all homes

About 506 Balsam Dr

How much is 506 Balsam Dr, Gilbert, IA worth?

The TopHap Estimate for 506 Balsam Dr, Gilbert, IA is $313,184 as of Aug 30, 2026. The likely range is $287,812 to $338,556. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 506 Balsam Dr, Gilbert, IA last sell?

506 Balsam Dr, Gilbert, IA last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 506 Balsam Dr, Gilbert, IA?

506 Balsam Dr, Gilbert, IA has 3 bedrooms, 3 bathrooms, 1,712 square feet of living space and a 0.09-acre lot.

When was 506 Balsam Dr, Gilbert, IA built?

506 Balsam Dr, Gilbert, IA was built in 2023, making it 3 years old. It is a townhouse home. The building has 2 stories.

What schools serve 506 Balsam Dr, Gilbert, IA?

506 Balsam Dr, Gilbert, IA is assigned to Gilbert High School (high), rated A; Gilbert Elementary School (elementary); Gilbert Middle School (middle), rated A+. All sit in Gilbert Community School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 506 Balsam Dr, Gilbert, IA compare to other homes in Gilbert 50105?

Among the 516 homes in Gilbert 50105, it is worth more than 41% of them ($313,184 against a typical $340,826), its price per square foot is higher than 21% of them ($183 against a typical $234), it is bigger than 70% of them (1,712 ft² against a typical 1,510 ft²), its lot is bigger than almost none of them (4,039 ft² against a typical 0.23 ac) and it is newer than 98% of them (2023 against a typical 1994). Measured against all of Story County, it is worth more than 60% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 506 Balsam Dr, Gilbert, IA?

The 2025 property tax bill for 506 Balsam Dr, Gilbert, IA was $3,282. The county assessed it at $303,570.

More homes on Balsam Dr

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Assigned schools

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