2522 SE Morningdew Dr · West Des Moines, IA 50265

$249,990

3 bd · 2.5 ba · 1,562 sqft · Townhouse public records · 480 Days on market

Built 2025 $160/sqft · 8% below area Est $263k · at est. ↓ 14% 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 +9.7/15.0
• Cash flow +7.9/30.0
• Schools +6.7/10.0
• Livability +4.4/5.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Model Home - Not for Sale. Search Fox Ridge Townhomes at drhorton.com to view available homes in this neighborhood. D. R. Horton, America's Builder, presents the Sydney. This two-story townhome boasts 3 bedrooms, 2.5 bathrooms, and a 2-car garage. Upon entering the home, a large open floor plan greets you, with a space, that boasts a cozy fireplace. The gorgeous kitchen features a large island perfect for food prep or entertaining family and friends and a huge pantry. Upstairs, you'll find a beautiful primary bedroom with an ensuite bathroom, featuring a double vanity sink, walk-in shower, and spacious closet for all your storage needs. Also upstairs, there are an additional two bedrooms, full bathroom, and a convenient laundry area. All appliances are included. This home also comes with all the benefits of new construction! Home Is Connected: All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most.

Key facts

• Huge pantry
• Open floor plan
• Double vanity sink

Tags

• OPEN FLOOR PLAN
• COZY FIREPLACE
• LARGE ISLAND
• HUGE PANTRY
• ENSUITE BATHROOM
• DOUBLE VANITY SINK

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $250k.

Deal economics

• At list price, monthly cash flow is $-271 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $202k (19.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $187k (25.2% below list).
• Recommended offer: $187k (25.2% below list) — sets the bar for 1% rule.
• Cap rate 5.0% vs local median 2.5% in West Des Moines — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 87/100 on livability (#11 in IA, #336 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: commute F.
• Norwalk Community School District (suburban): math 76% / reading 76% proficiency, ranked #39 of 289 in IA (top 14%) — strong family-tenant draw, lease renewals of 3-5y typical; only 14% free/reduced lunch — higher-income household profile.
• Zoned schools: Oviatt Elementary School (616 students, 22% FRL); Norwalk Middle School (math 76% / reading 75%, grade A, #65 of 246 statewide, top 29%, 787 students, 21% FRL); Norwalk Senior High School (math 72% / reading 79%, grade A-, #79 of 336 statewide, top 25%, 1,035 students, 19% FRL).
• Market conditions: Rents soft (-0.2%/yr); 297 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 439 units permitted in Warren County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Warren County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 480 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $16k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $187,094 (25.2% 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 480 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.75% ✗
• Cap rate: 4.99%
• Cash-on-cash: -4.65%
• DSCR: 0.79
• GRM: 11.1

CMA / ARV

• ARV (median comp): $262,653
• List price: $249,990
• Delta: -4.82%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4552 SE Rockford Ave	0.08mi	3/2.5	1,511 (-3%)	3mo	$224,900	$149	88
4528 SE Rockford Ave	0.10mi	3/2.5	1,511 (-3%)	4mo	$224,990	$149	87
4590 SE Rockford Ave	0.07mi	3/2.5	1,511 (-3%)	6mo	$244,990	$162	86
2339 SE Callista Ave	0.15mi	3/2.5	1,511 (-3%)	2mo	$224,990	$149	86
2347 SE Callista Ave	0.14mi	3/2.5	1,511 (-3%)	3mo	$226,990	$150	86
2243 SE Morningdew Dr	0.17mi	3/2.5	1,511 (-3%)	2mo	$244,990	$162	85
2358 SE Callista Ave	0.12mi	3/2.5	1,511 (-3%)	5mo	$229,290	$152	85
2248 SE Morningdew Dr	0.18mi	3/2.5	1,511 (-3%)	2mo	$240,000	$159	84
2224 SE Morningdew Dr	0.19mi	3/2.5	1,511 (-3%)	3mo	$239,990	$159	83
2374 SE Callista Ave	0.11mi	3/2.5	1,511 (-3%)	9mo	$239,990	$159	82
2366 SE Callista Ave	0.12mi	3/2.5	1,511 (-3%)	9mo	$239,990	$159	82
2331 SE Callista Ave	0.15mi	3/2.5	1,511 (-3%)	8mo	$239,990	$159	81

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -27.6%
• Equity multiple: 0.10×
• Total profit: $-63,238
• Equity at exit: $37,274

10-year hold

• IRR: -42.3%
• Equity multiple: -0.41×
• Total profit: $-98,347
• Equity at exit: $21,615

Cash invested: $69,997 (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 50265

• Rents YoY: -0.2%
• Active inventory: 297
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $1,871 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$334 /mo · $4,012/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $-271

Break-even live

Break-even rent $2,215

Max offer price $202,041

Occupancy floor —

Sensitivity live

Price	-10% $-130	-5% $-201	+0% $-271	+5% $-342	+10% $-413
Rent	-10% $-419	-5% $-345	+0% $-271	+5% $-198	+10% $-124
Rate	-1.0pp $-146	-0.5pp $-208	base $-271	+0.5pp $-336	+1.0pp $-402

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: $62,498
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2486 SE Morningdew Dr West Des Moines, IA	3.0	2.5	1750	$2,250	$1.29	22d	1	0.07mi
2374 SE Callista Ave Cumming, IA	3.0	2.5	1511	$1,995	$1.32	45d	1	0.15mi

Listing history 39 events

1. 2026-06-21
   days on market $249,990 Active 480 DOM
2. 2026-06-18
   days on market $249,990 Active 477 DOM
3. 2026-06-17
   days on market $249,990 Active 476 DOM
4. 2026-06-16
   days on market $249,990 Active 475 DOM
5. 2026-06-15
   days on market $249,990 Active 474 DOM
6. 2026-06-14
   days on market $249,990 Active 472 DOM
7. 2026-06-13
   days on market $249,990 Active 471 DOM
8. 2026-06-10
   days on market $249,990 Active 469 DOM
9. 2026-06-09
   days on market $249,990 Active 468 DOM
10. 2026-06-08
    days on market $249,990 Active 467 DOM
11. 2026-06-07
    days on market $249,990 Active 466 DOM
12. 2026-06-05
    days on market $249,990 Active 463 DOM
13. 2026-06-03
    days on market $249,990 Active 462 DOM
14. 2026-06-02
    days on market $249,990 Active 461 DOM
15. 2026-06-01
    days on market $249,990 Active 460 DOM
16. 2026-05-31
    days on market $249,990 Active 459 DOM
17. 2026-05-31
    days on market $249,990 Active 458 DOM
18. 2025-10-16
    price $249,990 1004-char remark

    Show marketing remark (1004 chars)

    Model Home - Not for Sale. Search Fox Ridge Townhomes at drhorton.com to view available homes in this neighborhood. D. R. Horton, America's Builder, presents the Sydney. This two-story townhome boasts 3 bedrooms, 2.5 bathrooms, and a 2-car garage. Upon entering the home, a large open floor plan greets you, with a space, that boasts a cozy fireplace. The gorgeous kitchen features a large island perfect for food prep or entertaining family and friends and a huge pantry. Upstairs, you'll find a beautiful primary bedroom with an ensuite bathroom, featuring a double vanity sink, walk-in shower, and spacious closet for all your storage needs. Also upstairs, there are an additional two bedrooms, full bathroom, and a convenient laundry area. All appliances are included. This home also comes with all the benefits of new construction! Home Is Connected: All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most.

19. 2025-10-15
    price $249,990 1253-char remark

    Show marketing remark (1004 chars)

    Model Home - Not for Sale. Search Fox Ridge Townhomes at drhorton.com to view available homes in this neighborhood. D. R. Horton, America's Builder, presents the Sydney. This two-story townhome boasts 3 bedrooms, 2.5 bathrooms, and a 2-car garage. Upon entering the home, a large open floor plan greets you, with a space, that boasts a cozy fireplace. The gorgeous kitchen features a large island perfect for food prep or entertaining family and friends and a huge pantry. Upstairs, you'll find a beautiful primary bedroom with an ensuite bathroom, featuring a double vanity sink, walk-in shower, and spacious closet for all your storage needs. Also upstairs, there are an additional two bedrooms, full bathroom, and a convenient laundry area. All appliances are included. This home also comes with all the benefits of new construction! Home Is Connected: All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most.

20. 2025-10-15
    price $244,990 1004-char remark

    Show marketing remark (1004 chars)

    Model Home - Not for Sale. Search Fox Ridge Townhomes at drhorton.com to view available homes in this neighborhood. D. R. Horton, America's Builder, presents the Sydney. This two-story townhome boasts 3 bedrooms, 2.5 bathrooms, and a 2-car garage. Upon entering the home, a large open floor plan greets you, with a space, that boasts a cozy fireplace. The gorgeous kitchen features a large island perfect for food prep or entertaining family and friends and a huge pantry. Upstairs, you'll find a beautiful primary bedroom with an ensuite bathroom, featuring a double vanity sink, walk-in shower, and spacious closet for all your storage needs. Also upstairs, there are an additional two bedrooms, full bathroom, and a convenient laundry area. All appliances are included. This home also comes with all the benefits of new construction! Home Is Connected: All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most.

21. 2025-09-05
    price $259,990 1004-char remark

    Show marketing remark (1004 chars)

    Model Home - Not for Sale. Search Fox Ridge Townhomes at drhorton.com to view available homes in this neighborhood. D. R. Horton, America's Builder, presents the Sydney. This two-story townhome boasts 3 bedrooms, 2.5 bathrooms, and a 2-car garage. Upon entering the home, a large open floor plan greets you, with a space, that boasts a cozy fireplace. The gorgeous kitchen features a large island perfect for food prep or entertaining family and friends and a huge pantry. Upstairs, you'll find a beautiful primary bedroom with an ensuite bathroom, featuring a double vanity sink, walk-in shower, and spacious closet for all your storage needs. Also upstairs, there are an additional two bedrooms, full bathroom, and a convenient laundry area. All appliances are included. This home also comes with all the benefits of new construction! Home Is Connected: All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most.

22. 2025-09-04
    price $259,990 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

23. 2025-05-14
    price $266,990 1004-char remark

    Show marketing remark (1004 chars)

    Model Home - Not for Sale. Search Fox Ridge Townhomes at drhorton.com to view available homes in this neighborhood. D. R. Horton, America's Builder, presents the Sydney. This two-story townhome boasts 3 bedrooms, 2.5 bathrooms, and a 2-car garage. Upon entering the home, a large open floor plan greets you, with a space, that boasts a cozy fireplace. The gorgeous kitchen features a large island perfect for food prep or entertaining family and friends and a huge pantry. Upstairs, you'll find a beautiful primary bedroom with an ensuite bathroom, featuring a double vanity sink, walk-in shower, and spacious closet for all your storage needs. Also upstairs, there are an additional two bedrooms, full bathroom, and a convenient laundry area. All appliances are included. This home also comes with all the benefits of new construction! Home Is Connected: All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most.

24. 2025-05-13
    price $266,990 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

25. 2025-03-05
    price $269,990 1004-char remark

    Show marketing remark (1004 chars)

    Model Home - Not for Sale. Search Fox Ridge Townhomes at drhorton.com to view available homes in this neighborhood. D. R. Horton, America's Builder, presents the Sydney. This two-story townhome boasts 3 bedrooms, 2.5 bathrooms, and a 2-car garage. Upon entering the home, a large open floor plan greets you, with a space, that boasts a cozy fireplace. The gorgeous kitchen features a large island perfect for food prep or entertaining family and friends and a huge pantry. Upstairs, you'll find a beautiful primary bedroom with an ensuite bathroom, featuring a double vanity sink, walk-in shower, and spacious closet for all your storage needs. Also upstairs, there are an additional two bedrooms, full bathroom, and a convenient laundry area. All appliances are included. This home also comes with all the benefits of new construction! Home Is Connected: All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most.

26. 2025-03-04
    price $269,990 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

27. 2025-02-26
    listed $265,990 Active 1004-char remark

    Show marketing remark (1004 chars)

    Model Home - Not for Sale. Search Fox Ridge Townhomes at drhorton.com to view available homes in this neighborhood. D. R. Horton, America's Builder, presents the Sydney. This two-story townhome boasts 3 bedrooms, 2.5 bathrooms, and a 2-car garage. Upon entering the home, a large open floor plan greets you, with a space, that boasts a cozy fireplace. The gorgeous kitchen features a large island perfect for food prep or entertaining family and friends and a huge pantry. Upstairs, you'll find a beautiful primary bedroom with an ensuite bathroom, featuring a double vanity sink, walk-in shower, and spacious closet for all your storage needs. Also upstairs, there are an additional two bedrooms, full bathroom, and a convenient laundry area. All appliances are included. This home also comes with all the benefits of new construction! Home Is Connected: All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most.

28. 2025-01-27
    price $265,990 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

29. 2023-10-31
    price $264,990 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

30. 2023-08-22
    price $261,990 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

31. 2023-07-25
    price $260,990 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

32. 2023-04-21
    price $259,990 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

33. 2023-03-08
    price $254,990 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

34. 2023-01-31
    price $249,990 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

35. 2023-01-30
    price $242,990 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

36. 2022-11-01
    price $269,990 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

37. 2022-09-13
    status Active 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

38. 2022-09-12
    historical 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

39. 2022-08-17
    listed $289,990 Active 1253-char remark

    Show marketing remark (1253 chars)

    * MODEL HOME- NOT FOR SALE * D. R. Horton, America’s Builder, presents the Sydney townhome located in our Fox Ridge Community in West Des Moines within the Norwalk School District. The Great Western Bike Train runs through the community! A 19-mile journey awaits you - Hike, bike, run, walk, or cross-country ski along the former Great Western Railroad between Des Moines and Martensdale. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. You’ll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology as well as DEAKO® decorative plug-n-play light switches. Photos 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.

Tax reassessment forecast IA · Partial reset (capped growth)

• Current annual tax: $4,012 · $334/mo
• Projected year-2 tax: $4,012 · $334/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $22,451
• − Mortgage interest: −$14,003
• − Property taxes: −$4,012
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,796
• − Management: −$1,796
• − Depreciation: −$7,272
• Taxable loss: −$7,679
• Est. tax savings @ 24.0%: +$1,843
• After-tax cash flow: $-1,414/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: Norwalk Community School District
• NCES district ID: 1921240
• Math proficiency: 76% ▼ -6.00%
• Reading proficiency: 76% ▼ -2.00%
• Median HH income: $76,652
• Composite: 66.9/100
• National rank: #401
• State rank: #39 of 289 in IA

Livability — West Des Moines

• Score: 87/100
• State rank: #11
• US rank: #336

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Des Moines, IA
• County: Polk County · 453,298 people
• City population: 71,011
• Metro: Des Moines-West Des Moines, IA
• Population (ZIP): 33,488
• Household income: $85,915
• Rent vs Own: 33.6% rent · 66.4% own
• Severe rent burden: 741.0

Population outlook (Warren County) Hauer SSP2

• Today (2025): 54,222 people
• By 2030: 56,863 · +4.9%
• By 2040: 61,691 · +13.8%
• By 2050: 65,939 · +21.6%
• By 2075: 75,626 · +39.5%
• By 2100: 80,425 · +48.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 7% Two or more races 7% Asian 6% Black 4%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Portuguese 4% Italian 3% Iranian 2%
• Foreign-born: 10% · Canada, Vietnam, South Korea
• Languages at home: 87% English-only · Spanish 5% Other Asian/Pacific 2% Chinese 1%

Political lean MEDSL · Warren

• 2024 margin: Strong R (+20.7) · D 38.9% · R 59.7% · Other 1.4%
• 2008→2024 swing: -21.4pp toward R · 2008: 0.6pp · 2024: -20.7pp
• All cycles: 2024: R+20.7 2020: R+16.8 2016: R+16.4 2012: R+2.0 2008: D+0.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -206.46%
• Current HPI: 220.1776
• Rent YoY: ▼ -0.21%
• 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

-13.8% since first listed

22 events — show timeline

• 2025-10-16 Price Changed $249,990 Zillow
• 2025-10-15 Price Changed $249,990 DMMLS
• 2025-10-15 Price Changed $244,990 Zillow
• 2025-09-05 Price Changed $259,990 Zillow
• 2025-09-04 Price Changed $259,990 DMMLS
• 2025-05-14 Price Changed $266,990 Zillow
• 2025-05-13 Price Changed $266,990 DMMLS
• 2025-03-05 Price Changed $269,990 Zillow
• 2025-03-04 Price Changed $269,990 DMMLS
• 2025-02-26 Listed $265,990 Zillow
• 2025-01-27 Price Changed $265,990 DMMLS
• 2023-10-31 Price Changed $264,990 DMMLS
• 2023-08-22 Price Changed $261,990 DMMLS
• 2023-07-25 Price Changed $260,990 DMMLS
• 2023-04-21 Price Changed $259,990 DMMLS
• 2023-03-08 Price Changed $254,990 DMMLS
• 2023-01-31 Price Changed $249,990 DMMLS
• 2023-01-30 Price Changed $242,990 DMMLS
• 2022-11-01 Price Changed $269,990 DMMLS
• 2022-09-13 Relisted — DMMLS
• 2022-09-12 Listing Removed — DMMLS
• 2022-08-17 Listed $289,990 DMMLS

Property tax history

-0.1%/yr

Latest (2025): $4,012 · -0.1% YoY. Source: county tax records.