1007 Prospect Ave, Malvern, IA 51551 Property Records

Mills County property record for 1007 Prospect Ave, Malvern, IA 51551

Property Summary

Property Type	Single Family Home
Details	2 bd · 1 ba · 1,172 sqft · built 1910
Lot Size	0.231 acres (10,050 sqft)
Owner	2 Individual Names on Record
Last Sale	$55,000 (Aug 2011)
Tax Bill	$1,958 (2025)
Deeds & Mortgages	Aug 2023 Mortgage Jun 2023 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`087730000000000`

Property Details

APN / Parcel Number

Primary APN	`087730000000000`

Interior

Bedrooms	2 Beds
Full Baths	1 Bath
Total Rooms	5 Rooms
Stories	1 Story
Building Area	1,172 sqft Living Area
1st Floor Area	932 sqft
Basement Area	466 sqft
Unfinished Basement	466 sqft
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 1910
Effective Year Built	Effective 1910
Exterior Material	Vinyl
Construction Type	Frame
Roof Type	Gable
Roof Material	Asphalt
Lot Area	10,050 sqft (0.231 acres)
Lot Dimensions	150 ft deep x 67 ft wide
Garage Type	Detached
Garage Area	416 sqft
Parking Spaces	2 Parking Spaces

Exterior Amenities

Porch	Slab
Porch Area	78 sqft
Patio Area	432 sqft
Shed	1 Shed

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Forced Air with A/C
Heating Fuel	Gas
Water Source	Commercial

Location & Zoning

Street Address	1007 PROSPECT AVE
City	MALVERN
State	IA
Zip	51551-8160
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	S 67' N 147' E 150' BLK 2 ACADEMY ADD
Legal Subdivision	ACADEMY ADDITION
Legal Block	2
Jurisdiction	MILLS IA
Township / Civil Division	MALVERN
Census Block Group	4
Census Block	4011
Census Tract	40100

Owner

Source: Mills County records, as of December 23, 2025

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Individual Names on Record
Mailing Address	1007 PROSPECT AVE, MALVERN, IA 51551-8160
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Aug 21, 2023	Deed of Trust, Mortgage · Closed-End Mortgage MALVERN BANK
Jun 26, 2023	Deed of Trust, Mortgage · Conventional Mortgage MALVERN FSB
Sep 18, 2020	Intrafamily Transfer, Transfer · Conventional Mortgage ARBOR BANK

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Aug 11, 2011 · Amount on Record
Deed Sale	Aug 11, 2011 · Amount on Record
Deed Document Number	20112160
Deed Book / Page	2011 / 2160
Last Transfer Date	Aug 14, 2020
Transfer Doc	02020/2637
Record Updated	Jun 8, 2026

August 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MILLS IA
Property Address	1007 PROSPECT AVE, MALVERN, IA 51551-8160
Transaction Type	Mortgage
Record Updated	Sep 19, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1007 PROSPECT AVE, MALVERN, IA 51551-8160

Mortgage

Document Number	02023/1876
Date	Aug 21, 2023
Book Page	2023/1876
Instrument	2023 1876

Lender

Name	MALVERN BANK
Type	Bank
Address	MALVERN, IA 51551

Agreement

Type	Closed-End Mortgage
Amount	Amount Recorded
Term	62 Months
Due	Oct 1, 2028

June 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MILLS IA
Property Address	1007 PROSPECT AVE, MALVERN, IA 51551-8160
Transaction Type	Mortgage
Record Updated	Jul 26, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	02023/1440
Date	Jun 26, 2023
Book Page	2023/1440
Instrument	2023-1440

Lender

Name	MALVERN FSB
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	60 Months
Due	Sep 1, 2028

September 2020: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	MILLS IA
Recording Date	Sep 18, 2020
Property Address	1007 PROSPECT AVE, MALVERN, IA 51551-8160
Document Number	02020/2637
Book / Page	2020 / 2637
Instrument Date	Aug 14, 2020
Instrument	2020-2637
Transaction Type	Transfer
Record Updated	Mar 3, 2023

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	1007 PROSPECT AVE, MALVERN, IA 51551-8160

Mortgage

Document Number	02020/2638
Date	Sep 18, 2020
Book Page	2020/2638
Instrument	2020-2638

Lender

Name	ARBOR BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	180 Months
Due	Sep 1, 2035

Interest

Rate Type	Fixed Rate

Tax Assessment & Valuation

Source: Mills County assessment roll, as of October 16, 2025

Property Jurisdictions

Type	Name
State	Iowa
County	Mills County
Municipality	Malvern City
Unified School District	East Mills Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$1,958.00 Homeowner's exemption	$144,129 (+30.31%) Land $20,100 Building $124,029	$144,129 (+30.31%) Land $20,100 Building $124,029
2024	$1,958.00 (+28.82%)
2023		$110,603 (+31.27%) Land $6,700 Building $103,903	$110,603 (+31.27%) Land $6,700 Building $103,903
2022	$1,520.00 Homeowner's exemption	$84,258 Land $6,700 Building $77,558
2021			$84,258 Land $6,700 Building $77,558

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective April 16, 2020 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	2 in force
Nearby Flood Claims	3 (1984–1993)
Claims Outside the SFHA	1 of 3
Most Recent Claim	Jul 1993 · Severe Storms & Flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 99.1% of the US · lower than 91% of Iowa
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	MALVERN WATER SUPPLY serves 1,046 people · EPA ID IA6545020
Water Source	Groundwater
Last State Inspection	Sep 2025
Lead	Under 1 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	Nitrate resolved · Apr 2019
Treatment and Procedure	None last 10 years
Monitoring and Reporting	2 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 205 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
BTC Fiber	2,000 / 2,000

May also be available: Nextlink.

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