1503 Elder Ln, Des Moines, IA 50315
Property image
Property image
OFF MARKET

$573,300

Trulia Estimate
  • 4 Beds
  • 2 Baths
  • 960 sqft (on 63 acres)

1503 Elder Ln, Des Moines, IA 50315

Watrous South
Currently Off Market - Sold Feb 1, 2016 for $133,500

Home Value

Trulia Estimate
$573K
Since last month
Increased$70K (+12.8%)
Since last year
Increased$174K (+39.4%)
Since last sale
Increased$484K (+362.2%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +384% in the last 10 years
MonthEstimated value
2026
September 2026$617K
August 2026$606K
July 2026$547K
June 2026$589K
May 2026$583K
April 2026$573K
March 2026$625K
February 2026$589K
January 2026$654K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.25
Single-Family Home
$228,720
12/15/25
3
2
977
0.15
Single-Family Home
$172,550
12/09/25
4
3
2,121

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.01
$206,500
3
1
960
Off Market
0.02
$270,700
3
2
1,641
Off Market
0.04
$206,900
3
1
1,035
Off Market
0.06
$216,600
3
1
1,120
Off Market
0.07
$221,200
3
2
1,152
Off Market
0.05
$230,500
4
1
1,092
Off Market
3.07
$299,600
3
1
1,464
Off Market
0.67
$288,400
4
2
1,500
Off Market
0.65
$299,300
3
3
1,447
Off Market
0.64
$297,800
4
3
1,086
Off Market
0.63
$271,300
3
2
1,304
Off Market
0.65
$280,600
3
2
1,292
Off Market

Local Information

  • Map ViewExplore the area around 1503 Elder Ln.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1955
63 acre lot
960 sqft
$597/sqft
Garage

About this House

Totally remodeled ranch home that features: four bedrooms, brand new kitchen with all stainless steel appliances, beautifully refinished hardwood floors, new tile, roof, and windows, finished lower level with additional family room and plenty of storage, attached garage, huge back patio, and fenced in backyard.
1503 Elder Ln, Des Moines, IA 50315 is a 4 bedroom, 2 bathroom, 960 sqft single-family home in Watrous South, built in 1955. It last sold for $133,500 on Feb 1, 2016. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $573,300, with a rent estimate of $1,627/month.

Home Details for 1503 Elder Ln

Interior Features

Interior Details
BasementNumber of Rooms: 5
Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1
Appliances & Utilities
DishwasherMicrowaveRefrigeratorWasher

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: WoodFoundation Type: ConcretePatio
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1955
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Community

Units in Building: 1

Lot Information

Lot Area: 63.00 acres

Price and Tax history

DateEventPrice
Feb 1, 2016
Source: DMMLS #504247
Sold
$133,500
Sep 25, 2015
Source: Agent Provided
Listed For Sale
$135,000
Feb 13, 2015
Source: DMMLS #447192
Sold
$61,250
Jan 13, 2015
Source: Agent Provided
Listed For Sale
$59,900
Nov 14, 2014
Source: N/A
Sold
$97,934

Market trends in Des Moines

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$214K
Sale-to-List Price
99.1%
0.1%
MoM
Price per sq ft
$192
$1
MoM
Available listings
1060
36
MoM

Around this home

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Watrous South

At least 23 Trulia users voted on each feature.
  • 87 % Say yards are well-kept

  • 84 % Say parking is easy

  • 76 % Say people would walk alone at night

  • 70 % Say streets are well-lit

  • 68 % Say car is needed

  • 67 % Say it's dog friendly

  • 61 % Say it's walkable to restaurants

  • 60 % Say there's holiday spirit

  • 59 % Say it's walkable to grocery stores

  • 58 % Say kids play outside

  • 58 % Say it's quiet

  • 50 % Say there are sidewalks

  • 45 % Say they plan to stay for at least 5 years

  • 45 % Say neighbors are friendly

  • 42 % Say there's wildlife

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Meek H.
    "Golf is pretty big at the Wakanda Club nearby, Greys Lake is also just a nice area but not too many big events happen here"
  • Sloffredo
    "I love the good people! Great places to eat. Nice, friendly people that treat you with respect. Great schools - Jefferson Elementary, Brody Middle School, Lincoln High School. Love it here!"

LGBTQ Local Legal Protections

Frequently asked questions about 1503 Elder Ln

  • What is 1503 Elder Ln estimated to be worth?
    Trulia's estimated value for 1503 Elder Ln in Des Moines, IA is $573,300.
  • What is the price history for 1503 Elder Ln?
    1503 Elder Ln in Des Moines, IA last sold for $133,500 in February 2016.
  • Is Des Moines a buyer's or seller's market?
    Des Moines is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Des Moines?
    The median sale price in Des Moines is $214K. That is roughly unchanged from the prior month.
  • Does 1503 Elder Ln have air conditioning?
    Yes, 1503 Elder Ln in Des Moines, IA has air conditioning.
  • How big is the lot at 1503 Elder Ln?
    The lot at 1503 Elder Ln in Des Moines, IA is about 0.19 acres (8,233 sq ft).

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