500 E 1st St, Spencer, IA 51301 Property Records

Clay County property record for 500 E 1st St, Spencer, IA 51301

Property Summary

Property Type	Single Family Home
Details	3 bd · 1 ba · 1,092 sqft · built 1950
Lot Size	0.197 acres (8,580 sqft)
Owner	2 Individual Names on File
Last Sale	$124,000 (Mar 2023)
Tax Bill	$2,084 (2025)
Deeds & Mortgages	Jul 2023 Line of Credit Dec 2018 Refinance + 2 more
Flood Zone	Zone X (minimal risk)
APN	`963618209005`

Property Details

APN / Parcel Number

Primary APN	`963618209005`
Alternative APN	`64096361820900500`

Interior

Bedrooms	3 Beds
Full Baths	1 Bath
Total Rooms	5 Rooms
Stories	1 Story
Building Area	1,092 sqft Living Area
1st Floor Area	804 sqft
Basement Area	804 sqft
Unfinished Basement	804 sqft
Flooring	Carpet
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1950
Effective Year Built	Effective 1950
Exterior Material	Vinyl
Construction Type	Frame
Roof Type	Gable
Roof Material	Composition Shingle
Lot Area	8,580 sqft (0.197 acres)
Lot Dimensions	132 ft deep x 65 ft wide
Garage Type	Detached
Garage Area	1,724 sqft
Parking Spaces	6 Parking Spaces
Patio Area	192 sqft

Utilities, Heating & Cooling

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

Location & Zoning

Street Address	500 E 1ST ST
City	SPENCER
State	IA
Zip	51301-5223
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	E 65' 4 7 OSBORNE SUBDIV
Legal Range	36W
Legal Township	96N
Legal Section	18
Legal Subdivision	OSBORN'S SUBDIVISION
Jurisdiction	CLAY IA
Township / Civil Division	SPENCER
Census Block Group	2
Census Block	2034
Census Tract	80200

Owner

500 E 1st St is owned and occupied by two individuals who bought it in March 2023.

Source: Clay County records, as of September 1, 2026

Owner of Record	2 Individual Names on File
Mailing Address	500 E 1ST ST, SPENCER, IA 51301-5223
Occupancy	Owner Occupied
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Jul 17, 2023	Deed of Trust, Mortgage · Line of Credit FARMERS TRUST & SAVINGS BANK
Dec 10, 2018	Deed of Trust, Mortgage · Stand-Alone Refinance FARMERS TRUST & SAVINGS BANK
May 23, 2018	Deed of Trust, Mortgage · ARM FARMERS TRUST & SAVINGS BANK
May 23, 2018	Warranty Deed, Transfer

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Mar 1, 2023 · Amount on File
Deed Sale	Mar 1, 2023 · Amount on File
Prior Sale	May 5, 2022 · Amount on File
Deed Document Number	2023333
Deed Book / Page	2023 / 333
Prior Transfer Date	May 22, 2018
Prior Transfer Doc	2018/1347
Record Updated	Oct 29, 2026

July 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CLAY IA
Property Address	500 E 1ST ST, SPENCER, IA 51301-5223
Transaction Type	Mortgage
Record Updated	Aug 16, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	02023/1496
Date	Jul 17, 2023
Book Page	2023/1496
Instrument	2023 1496

Lender

Name	FARMERS TRUST & SAVINGS BANK
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount on Record

Interest

Rate Type	Adjustable Rate

December 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CLAY IA
Property Address	500 E 1ST ST, SPENCER, IA 51301-5223
Transaction Type	Mortgage
Record Updated	Apr 1, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2018/3218
Date	Dec 10, 2018
Book Page	2018/3218
Instrument	3218

Lender

Name	FARMERS TRUST & SAVINGS BANK

Agreement

Type	Stand-Alone Refinance
Amount	Amount on Record

May 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CLAY IA
Property Address	500 E 1ST ST, SPENCER, IA 51301-5223
Transaction Type	Mortgage
Record Updated	Apr 1, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000002018/0000001348
Date	May 23, 2018
Book Page	0000002018/0000001348
Instrument	000000001348

Lender

Name	FARMERS TRUST & SAVINGS BANK
Type	Bank

Agreement

Type	ARM
Amount	Amount on Record
Term	356 Months
Due	Jan 1, 2048

Interest

Rate Type	Adjustable Rate
Rate	5%
Type Change Date	Jun 1, 2023
Index	1-Year CMT

May 2018: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CLAY IA
Recording Date	May 23, 2018
Property Address	500 E 1ST ST, SPENCER, IA 51301-5223
Document Number	2018/1347
Book / Page	2018 / 1347
Instrument Date	May 22, 2018
Instrument	000000001347
Transaction Type	Transfer
Record Updated	Oct 11, 2021

Transaction

Amount	Amount on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	265 380TH ST, SPENCER, IA 51301

Tax Assessment & Valuation

The 2025 property tax bill for 500 E 1st St was $2,084 with a homeowner's exemption, down 14.4% from the year before.

Source: Clay County assessment roll, as of September 30, 2025

Property Jurisdictions

Type	Name
State	Iowa
County	Clay County
Municipality	Spencer City
Unified School District	Spencer Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$2,084.00 (-14.41%) Homeowner's exemption	$161,510 Land $22,300 Building $139,210	$161,510 Land $22,300 Building $139,210
2024	$2,435.00
2023		$149,580 (+19.2%) Land $17,200 Building $132,380	$149,580 Land $17,200 Building $132,380
2022	$2,633.00	$125,490 Land $17,200 Building $108,290
2021			$125,490 Land $17,200 Building $108,290

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

Flood

FEMA maps place 500 E 1st St in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective February 21, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone A, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 11 policies
Nearby Flood Policies	11 in force
Nearby Flood Claims	6 (2004–2024)
Claims Outside the SFHA	1 of 6
Most Recent Claim	Jun 2024 · Severe Storms, Flooding, Straight-line Winds, And Tornadoes
Claims by Event	Severe Storms, Flooding, Straight-line Winds, And Tornadoes, Jun 2024 · 5 claims

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

The area around 500 E 1st St has no burnable land within ember reach, so its wildfire risk is not rated.

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

Wildfire Risk	Not rated no burnable land within 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	SPENCER MUNICIPAL WATER UTILITY serves 11,325 people · EPA ID IA2171071
Water Source	Groundwater
Last State Inspection	Jan 2025
Lead	Under 1 ppb (2024–2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None 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 371 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Spencer Municipal Utilities Fiber	1,000 / 1,000
Mediacom Xtream Cable	1,000 / 50
Verizon Fixed Wireless	300 / 20
AT&T Fixed Wireless	100 / 20

May also be available: Nextlink.

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