3525 Paradise Ln · Waukee, IA 50263

$384,990

4 bd · 2.5 ba · 2,053 sqft · Other · 65 Days on market

Built 2026 9,583 sqft lot $188/sqft · 16% below area Est $457k · 16% under $16/mo HOA · 1% of rent ↓ 6% since listing

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +14.6/15.0
• Schools +7.1/10.0
• Cash flow +5.6/30.0
• Livability +4.2/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• 1% rule +1.2/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Bellhaven in Painted Woods West - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft of living space for everyday living and entertaining. Step inside to find a versatile front flex room—ideal for a home office, playroom, or formal dining. A hallway leads to a guest half bath and an open-concept living space filled with natural light, highlighted by an electric fireplace and large windows. The kitchen boasts a large island, white cabinetry, stainless steel appliances, a walk-in pantry, and connects seamlessly to the dining area. Upstairs, you'll find a central laundry room, three spacious secondary bedrooms, and a full bath with double vanities. The private primary suite includes a walk-in shower, dual sinks, private water closet, and two walk-in closets for ultimate convenience. This home includes smart features and a full unfinished basement. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

Key facts

• Large windows
• Front flex room
• Finished basement

Tags

• FINISHED BASEMENT
• FRONT FLEX ROOM
• OPEN-CONCEPT LIVING AREA
• ELECTRIC FIREPLACE
• LARGE WINDOWS
• WHITE CABINETRY

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath other listed at $385k.

Deal economics

• At list price, monthly cash flow is $-799 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $269k (30.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $238k (38.3% below list).
• Recommended offer: $238k (38.3% below list) — sets the bar for 1% rule.
• Cap rate 3.8% vs local median 3.0% in Waukee — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 84/100 on livability (#22 in IA, #682 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F.
• Waukee Community School District (suburban): math 80% / reading 79% proficiency, ranked #14 of 289 in IA (top 5%) — strong family-tenant draw, lease renewals of 3-5y typical; only 11% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+1.8%/yr); 886 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,503 units permitted in Dallas County in 2024 (630 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• Dallas County population projected at +74% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($362k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts; this cycle's ask has dropped $30k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $237,684 (38.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 38% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.62% ✗
• Cap rate: 3.80%
• Cash-on-cash: -8.89%
• DSCR: 0.60
• GRM: 13.5

CMA / ARV

• ARV (median comp): $456,850
• List price: $384,990
• Delta: -15.73%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.82% rent growth · sell at horizon

5-year hold

• IRR: -33.4%
• Equity multiple: -0.08×
• Total profit: $-116,009
• Equity at exit: $57,403

10-year hold

• IRR: -48.5%
• Equity multiple: -0.65×
• Total profit: $-177,527
• Equity at exit: $33,287

Cash invested: $107,797 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Iowa: 83 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; mostly landlord-friendly statewide.

Methodology + full state rankings →

ZIP-level market 50263

• Rents YoY: 1.8%
• Active inventory: 886
• Price-to-rent: 13.5×

Monthly cashflow live

• Estimated rent: $2,377 medium
• Mortgage (P&I): −$2,019
• Tax est. 1.5%: −$481 /mo · $5,775/yr
• Insurance: −$160
• HOA: −$16
• Vacancy / Maint / Mgmt: −$499
• Net cashflow: $-799

Break-even live

Break-even rent $3,388

Max offer price $269,391

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $96,248
• Closing costs: $11,550
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3681 Jasmine Ln Waukee, IA	3.0	2.5	1464	$2,235	$1.53	14d	13	0.32mi
3681 Jasmine Ln Unit HOME1 Waukee, IA	3.0	2.5	1511	$2,545	$1.68	43d	1	0.32mi
3681 Jasmine Ln Unit HOME94 Waukee, IA	3.0	2.5	1418	$2,375	$1.67	43d	1	0.32mi

HOA detail

• Monthly dues: $16 · $192/yr
• Likely covers: waterelectric

Listing history 37 events

1. 2026-06-18
   days on market $384,990 Active 65 DOM
2. 2026-06-17
   price $384,990 Active 64 DOM
3. 2026-06-17
   days on market $389,990 Active 64 DOM
4. 2026-06-16
   days on market $389,990 Active 63 DOM
5. 2026-06-15
   days on market $389,990 Active 62 DOM
6. 2026-06-14
   days on market $389,990 Active 60 DOM
7. 2026-06-13
   days on market $389,990 Active 59 DOM
8. 2026-06-10
   days on market $389,990 Active 57 DOM
9. 2026-06-09
   days on market $389,990 Active 56 DOM
10. 2026-06-08
    days on market $389,990 Active 55 DOM
11. 2026-06-07
    days on market $389,990 Active 54 DOM
12. 2026-06-05
    days on market $389,990 Active 51 DOM
13. 2026-06-03
    days on market $389,990 Active 50 DOM
14. 2026-06-02
    days on market $389,990 Active 49 DOM
15. 2026-06-01
    days on market $389,990 Active 48 DOM
16. 2026-05-31
    days on market $389,990 Active 47 DOM
17. 2026-05-31
    days on market $389,990 Active 46 DOM
18. 2026-05-08
    price $389,990 992-char remark

    Show marketing remark (992 chars)

    Welcome to the Bellhaven in Painted Woods West - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft of living space for everyday living and entertaining. Step inside to find a versatile front flex room—ideal for a home office, playroom, or formal dining. A hallway leads to a guest half bath and an open-concept living space filled with natural light, highlighted by an electric fireplace and large windows. The kitchen boasts a large island, white cabinetry, stainless steel appliances, a walk-in pantry, and connects seamlessly to the dining area. Upstairs, you'll find a central laundry room, three spacious secondary bedrooms, and a full bath with double vanities. The private primary suite includes a walk-in shower, dual sinks, private water closet, and two walk-in closets for ultimate convenience. This home includes smart features and a full unfinished basement. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

19. 2026-05-07
    price $389,990 1171-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

20. 2026-04-28
    price $392,990 1171-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

21. 2026-04-27
    price $392,990 992-char remark

    Show marketing remark (992 chars)

    Welcome to the Bellhaven in Painted Woods West - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft of living space for everyday living and entertaining. Step inside to find a versatile front flex room—ideal for a home office, playroom, or formal dining. A hallway leads to a guest half bath and an open-concept living space filled with natural light, highlighted by an electric fireplace and large windows. The kitchen boasts a large island, white cabinetry, stainless steel appliances, a walk-in pantry, and connects seamlessly to the dining area. Upstairs, you'll find a central laundry room, three spacious secondary bedrooms, and a full bath with double vanities. The private primary suite includes a walk-in shower, dual sinks, private water closet, and two walk-in closets for ultimate convenience. This home includes smart features and a full unfinished basement. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

22. 2026-04-25
    status Active 1171-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

23. 2026-04-24
    status Active 992-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

24. 2026-04-24
    historical 1171-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

25. 2026-04-23
    price $390,690 1171-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

26. 2026-04-14
    status Active 992-char remark

    Show marketing remark (992 chars)

    Welcome to the Bellhaven in Painted Woods West - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft of living space for everyday living and entertaining. Step inside to find a versatile front flex room—ideal for a home office, playroom, or formal dining. A hallway leads to a guest half bath and an open-concept living space filled with natural light, highlighted by an electric fireplace and large windows. The kitchen boasts a large island, white cabinetry, stainless steel appliances, a walk-in pantry, and connects seamlessly to the dining area. Upstairs, you'll find a central laundry room, three spacious secondary bedrooms, and a full bath with double vanities. The private primary suite includes a walk-in shower, dual sinks, private water closet, and two walk-in closets for ultimate convenience. This home includes smart features and a full unfinished basement. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

27. 2026-03-17
    price $391,990 1171-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

28. 2026-03-16
    status Pending 992-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

29. 2026-03-16
    price $391,990 992-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

30. 2026-03-16
    status Active 992-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

31. 2026-03-16
    price $390,690 1171-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

32. 2026-03-15
    price $416,290 1171-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

33. 2026-03-11
    status Pending 992-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

34. 2026-03-11
    status Active 1171-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

35. 2026-03-10
    listed $414,990 Active 992-char remark

    Show marketing remark (992 chars)

    Welcome to the Bellhaven in Painted Woods West - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft of living space for everyday living and entertaining. Step inside to find a versatile front flex room—ideal for a home office, playroom, or formal dining. A hallway leads to a guest half bath and an open-concept living space filled with natural light, highlighted by an electric fireplace and large windows. The kitchen boasts a large island, white cabinetry, stainless steel appliances, a walk-in pantry, and connects seamlessly to the dining area. Upstairs, you'll find a central laundry room, three spacious secondary bedrooms, and a full bath with double vanities. The private primary suite includes a walk-in shower, dual sinks, private water closet, and two walk-in closets for ultimate convenience. This home includes smart features and a full unfinished basement. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

36. 2026-02-17
    historical 1171-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

37. 2026-02-13
    listed $414,990 Active 1171-char remark

    Show marketing remark (1171 chars)

    Step inside 3525 Paradise Ln in Waukee, IA - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The primary suite, located at the front over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Painted Woods West in Waukee today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $28,522
• − Mortgage interest: −$21,565
• − Property taxes: −$5,775
• − Insurance: −$1,925
• − Repairs & maintenance: −$2,282
• − Management: −$2,282
• − HOA: −$192
• − Depreciation: −$11,200
• Taxable loss: −$16,698
• Est. tax savings @ 24.0%: +$4,008
• After-tax cash flow: $-5,579/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Waukee Community School District
• NCES district ID: 1930510
• Math proficiency: 80% ▼ -6.00%
• Reading proficiency: 79% ▼ -5.00%
• Median HH income: $88,580
• Composite: 70.94/100
• National rank: #245
• State rank: #14 of 289 in IA

Livability — Waukee

• Score: 84/100
• State rank: #22
• US rank: #682

Category grades

Amenities F Commute F Cost of living A- Crime A+ Employment A+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Waukee, IA
• County: Dallas County · 77,082 people
• City population: 29,611
• Metro: Des Moines-West Des Moines, IA
• Population (ZIP): 29,611
• Household income: $102,762
• Rent vs Own: 33.0% rent · 67.0% own
• Severe rent burden: 468.0

Population outlook (Dallas County) Hauer SSP2

• Today (2025): 111,904 people
• By 2030: 127,807 · +14.2%
• By 2040: 160,576 · +43.5%
• By 2050: 194,154 · +73.5%
• By 2075: 271,895 · +143.0%
• By 2100: 326,525 · +191.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Two or more races 7% Asian 6% Hispanic / Latino 6% Black 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Portuguese 3% Lithuanian 3% Iranian 3%
• Foreign-born: 13% · Canada, India
• Languages at home: 85% English-only · Other Asian/Pacific 3% Spanish 3% Arabic 2%

Political lean MEDSL · Dallas

• 2024 margin: Toss-up / Even · D 46.9% · R 51.7% · Other 1.4%
• 2008→2024 swing: +0.8pp no change · 2008: -5.5pp · 2024: -4.8pp
• All cycles: 2024: R+4.8 2020: R+2.0 2016: R+9.6 2012: R+11.8 2008: R+5.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -97.95%
• Current HPI: 169.2421
• Rent YoY: ▲ 1.82%
• Metro: Des Moines-West Des Moines, IA
• State GDP YoY: ▲ 2.48%
• F500 in state: 4

Industry mix (Fortune 500 HQ in IA)

Industry	F500 HQs	Revenue
▸Financial Services	1	$16B
▸Retail / Convenience	1	$15B

Price history

-6.0% since first listed

20 events — show timeline

• 2026-05-08 Price Changed $389,990 DMMLS
• 2026-05-07 Price Changed $389,990 Zillow
• 2026-04-28 Price Changed $392,990 Zillow
• 2026-04-27 Price Changed $392,990 DMMLS
• 2026-04-25 Relisted — Zillow
• 2026-04-24 Relisted — DMMLS
• 2026-04-24 Delisted — Zillow
• 2026-04-23 Price Changed $390,690 Zillow
• 2026-04-14 Relisted — DMMLS
• 2026-03-17 Price Changed $391,990 Zillow
• 2026-03-16 Pending — DMMLS
• 2026-03-16 Price Changed $391,990 DMMLS
• 2026-03-16 Relisted — DMMLS
• 2026-03-16 Price Changed $390,690 Zillow
• 2026-03-15 Price Changed $416,290 Zillow
• 2026-03-11 Pending — DMMLS
• 2026-03-11 Relisted — Zillow
• 2026-03-10 Listed $414,990 DMMLS
• 2026-02-17 Delisted — Zillow
• 2026-02-13 Listed $414,990 Zillow