502 McShane Ave, Waterloo, IA 50703
Property image
Property image
SOLD
FEB 26, 2026

502 McShane Ave
Waterloo, IA 50703

  • 2 Beds
  • 1 Bath
  • 1,583 sqft

$145,000

Last Sold: Feb 26, 2026
$92/sqft
Est. Refi. Payment $990/mo*
Refinance Your Home

$145,000

Last Sold: Feb 26, 2026
$92/sqft
Est. Refi. Payment $990/mo*
Refinance Your Home
2 Beds
1 Bath
1,583 sqft

Local Information

  • Map ViewExplore the area around 502 McShane Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1960
Living Area
1,583 sqft
Price/Sqft
$92/sqft
Parking
2 Car Garage
HOA
None

About this House

This 1960 home offers 1,538 sq. ft. of living space with 2 bedrooms and 1 updated bathroom. Upon entry, a versatile front flex space works well as a formal dining room or additional living area and features sliding glass doors leading to a private wood deck. The kitchen includes a stainless steel refrigerator and a sleek stainless steel glass electric cooktop. Original hardwood floors run through the bedrooms and living room, where a large picture window fills the space with natural light. The updated bathroom features: a new vanity, mirror, shower surround, toilet, and modern storage cabinetry. A finished basement adds valuable bonus space, ideal for a family room, game room, or potential future third bedroom with the addition of an egress window. Outside, this corner-lot property offers a fully fenced yard with shade, privacy, and a large storage shed. Additional highlights include a two-stall attached garage and Darawf bluetooth smartlocks on both the front and side doors. This home has recently been professionally cleaned and is completely move-in ready!
502 McShane Ave, Waterloo, IA 50703 is a 2 bedroom, 1 bathroom, 1,583 sqft single-family home built in 1960. It last sold for the $145,000 asking price on Feb 26, 2026. It is currently off market. The Trulia Estimate is $147,100, with a rent estimate of $1,024/month.

Home Details for 502 McShane Ave

Interior Features

Interior Details
Basement: Block,Concrete,Partially FinishedNumber of Rooms: 3
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1583 Square Feet
Appliances & Utilities
Appliances: Dryer, Free-Standing Range, Refrigerator, Washer, Gas Water HeaterDryerLaundry: Lower LevelRefrigeratorWasher
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Attic Fan,Ceiling Fan(s),Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneNo Fireplace
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Floors: Hardwood
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: Shingle AsphaltPatio / Porch: DeckFencing: Fenced
Parking & Garage
Number of Carport Spaces: 2Number of Covered Spaces: 2GarageHas an Attached GarageParking Spaces: 2Parking: 2 Stall,Attached Garage
Frontage
Road Surface Type: Crushed Rock, Paved
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (below surface): 575 Square Feet

Days on Market

Cumulative Days on Market: 4

Property Information

Year Built
Year Built: 1960
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Vinyl SidingNo Additional Parcels
Property Information
Parcel Number: 891310482012

Price & Status

Price
List Price: $145,000Price Per Sqft: $92/sqft
Status Change & Dates
Off Market Date: Mon Jan 26 2026

Active Status

MLS Status: Closed

Location

Direction & Address
City: Waterloo
School Information
Elementary School: Lincoln Elementary WaterlooJr High / Middle School: George Washington Carver AcademyHigh School: East High

Lot Information

Lot Area: 8276.4 sqft

Listing Info

Special Conditions: Standard

Miscellaneous

BasementMls Number: 20260314
Last check for updates: about 13 hours ago
Listed by Kristina Smith, (319) 215-5312
RE/MAX Concepts - Waverly
Bought with: Amy Schaefer, (319) 433-8766, RE/MAX Concepts - Cedar Falls
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20260314

Price History for 502 McShane Ave

DatePriceEventSource
02/26/2026$145,000Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20260314
01/26/2026$145,000PendingNortheast Iowa Regional BOR as distributed by MLS GRID #20260314
01/23/2026$145,000Listed For SaleNortheast Iowa Regional BOR as distributed by MLS GRID #20260314
10/01/2019$107,000Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20192844
10/01/2019$107,900PendingToActiveAgent Provided
08/27/2019$107,900PendingAgent Provided
08/09/2019$107,900PriceChange
Agent Provided
06/04/2019$112,500Listed For SaleAgent Provided
04/10/2019$96,999ListingRemovedN/A
02/23/2019$96,999PriceChange
N/A
02/18/2019$98,500PriceChange
N/A
02/13/2019$99,999PriceChange
N/A
02/11/2019$102,999Listed For SaleN/A
04/01/2014$91,000Sold
N/A

Market trends in Waterloo

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$187K
$10.67KMoM
Sale-to-List Price
99.2%
1.3%MoM
Price per sq ft
$126
$4MoM
Available listings
237
16MoM
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Property Tax and Assessment

Year2025
Tax$3,381
Assessment$150,340
Home facts updated by county records

Comparable Sales for 502 McShane Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
555 Helmet Ave, Waterloo, IA
0.10
Single-Family Home
$160,000
05/22/26
3
1
1,032
742 Cloverdale Ave, Waterloo, IA
0.32
Single-Family Home
$155,000
12/12/25
3
1
1,404
811 Cloverdale Ave, Waterloo, IA
0.39
Single-Family Home
$164,000
08/15/25
3
2
1,965
245 Normandy St, Waterloo, IA
0.42
Single-Family Home
$140,000
07/06/26
2
1
912
1416 Northey St, Waterloo, IA
0.44
Single-Family Home
$145,000
06/11/26
3
1
1,360
257 Fairfield St, Waterloo, IA
0.49
Single-Family Home
$149,451
06/22/26
3
1
1,143
1204 Longfellow Ave, Waterloo, IA
0.18
Single-Family Home
$148,500
05/29/26
2
1
844
740 Hall Ave, Waterloo, IA
0.37
Single-Family Home
$86,000
09/05/25
2
1.5
1,832
1543 Wakonda Dr, Waterloo, IA
0.56
Single-Family Home
$154,000
04/10/26
3
1
1,481

Nearby homes

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Assigned Schools

These are the assigned schools for 502 McShane Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Waterloo

At least 264 Trulia users voted on each feature.

  • 89 % Say car is needed

  • 83 % Say yards are well-kept

  • 80 % Say parking is easy

  • 77 % Say it's dog friendly

  • 70 % Say there's holiday spirit

  • 66 % Say kids play outside

  • 64 % Say there are sidewalks

  • 48 % Say it's quiet

  • 47 % Say neighbors are friendly

  • 47 % Say people would walk alone at night

  • 44 % Say streets are well-lit

  • 43 % Say there's wildlife

  • 42 % Say they plan to stay for at least 5 years

  • 33 % Say it's walkable to grocery stores

  • 29 % Say it's walkable to restaurants

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Misslindsayb
    "Centrally located, traffic can be heavy/frustrating. You can make good time if you hit the stoplights just right, which is hard to do most days. "
    0
    Flag
  • Susanward13
    "Consider this a safe neighborhood and there are lots of kids living here. A policeman lives on the street."
    0
    Flag
  • Jovanti Rucker
    "It is very busy most of the time the light are a headache. They’re a lot of lights to go through to get to where I need to go."
    0
    Flag
  • Dontreal3
    "It’s ok. It’s not the worst but it’s also not the best. "
    0
    Flag
  • Trulia User
    "Peacefully quiet neighborhood. neighbors keep to themselves mostly. Alot of dogs throughout the whole area, which is nice to know, it's a pet friendly area to live in. "
    4
    Flag
  • Trulia User
    "I’ve lived here for years mostly everybody that lives in the neighborhood is really nice & friendly but I live with my dad & trying to find my own apartment right now. "
    4
    Flag
  • Susan.wirtjes
    "This is a safe and friendly neighborhood. Kids play outside. We are close to good schools. Shopping is close by. "
    8
    Flag
  • Dominique K. .
    " The community is really good if you get into people like that. There is not a lot to do around here unless you have money. There are a lot of trains around. People have dogs around here a lot and I hear gunshots a lot. I grew up here so I don’t find it very exciting. Most people got to work come home and stay away from each other. "
    1
    Flag
  • Tali S.
    "Very quiet neighborhood other than the occasional car driving by & faint sound of trains. Great neighbors, mostly homeowners with kids & elderly."
    0
    Flag
  • Lache S.
    "... I don’t know I been here only a year and aside from the bad I seen few good most people stay to they self "
    0
    Flag
  • Holly W.
    "schools are over crowded and children are often let slip through the cracks in the education system here "
    1
    Flag
  • Charles A.
    "15 minutes to work. Waterloo is easy to get around and not a lot of traffic .... zzzz xxdrc then. Gyyhbb"
    1
    Flag
  • Lamont S.
    "Lots of retirees here now. Mixed bag for the rest. I had seen several first time owners buying in. Plenty of remodeling and renovations going on now too."
    4
    Flag
  • Trulia User
    "it has some nice people, with sketchy people mixed in. it's too loud with harleys speeding hard through here and people thumping music too loud at all hours. I would not recommend this neighborhood to a young professional person. "
    0
    Flag
  • Kimmy21920
    "Convenient location and traffic is not as congested as the big city. Used to be a great place, but not so much anymore."
    1
    Flag
  • Mkesterson79
    "Listening to gun shots and train whistles at night to fall asleep to. Creates a uniquely unpleasant experience. "
    0
    Flag
  • Trulia User
    "Would love a dog park close by, or even respectful owners who pick up after their dog when they walk them"
    6
    Flag
  • Chris Wright
    "I lived in neighborhood for ten years as a kid, I always love the area, would love to own a house in that again, hope in very near future."
    1
    Flag
  • Mary Sue Adams
    "Safe streets, quality neighbors,clean, near a park,rural feeling- plenty of room between everyone. Lots of family and open spaces, but still near shopping and eats."
    3
    Flag
  • Kathy Cox White Dickerson
    "I moved to this neighborhood last summer and love it. I feel safe and secure,and neighbors are very nice."
    0
    Flag
  • Aley S.
    "Is a small neighborhood and quite and seems like a very lovely place to have a family and there are a lot of kid in the neighborhood "
    2
    Flag
  • Aschot12
    "It's better than north Waterloo for crime and lots of shade trees. It's nice to be near to 4th street for convenience even with traffic noise. "
    0
    Flag

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Apartments for Rent

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Explore by feature - Pet Friendly

63 pet-friendly rentals in Waterloo, IA

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Explore by feature - Outdoor Space

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Homes for sale near 502 McShane Ave

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Off Market Homes Near 502 McShane Ave

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IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Based on information submitted to the MLS GRID as of 2026-08-05 12:47:27 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information