507 2nd Ave, Malvern, IA 51551 Property Records

Mills County property record for 507 2nd Ave, Malvern, IA 51551

Property Summary

Property Type	Duplex
Details	3 bd · 1.5 ba · 1,428 sqft · built 1890
Lot Size	0.165 acres (7,200 sqft)
Owner	Company Name on File
Tax Bill	$2,314 (2025)
Deeds & Mortgages	Mar 2022 Mortgage Sep 2021 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`084160000000000`

Property Details

APN / Parcel Number

Primary APN	`084160000000000`

Interior

Bedrooms	3 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Total Rooms	6 Rooms
Stories	2 Stories
Building Area	1,428 sqft Total Area
1st Floor Area	600 sqft
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 1890
Effective Year Built	Effective 1890
Architectural Style	Duplex Single
Exterior Material	Wood Siding
Construction Type	Frame
Roof Type	Gable
Roof Material	Asphalt
Lot Area	7,200 sqft (0.165 acres)
Lot Dimensions	120 ft deep x 60 ft wide
Porch	Slab
Porch Area	75 sqft
Total Buildings	2 Buildings

Utilities, Heating & Cooling

Cooling System	None
Heating System	Forced Air with A/C
Heating Fuel	Gas
Water Source	Commercial

Location & Zoning

Street Address	507 2ND AVE
City	MALVERN
State	IA
Zip	51551-8076
Property Category	Residential
Property Type	Residential > Multi-Unit > Duplex
Legal Description	LOT 2 BLK 17
Legal Subdivision	TOWN OF MALVERN
Legal Block	17
Legal Lot Number	2
Jurisdiction	MILLS IA
Township / Civil Division	MALVERN
Census Block Group	4
Census Block	4078
Census Tract	40100

Owner

507 2nd Ave, a duplex, is owned by a company that acquired it in March 2022.

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

Owner of Record	Company Name on File
Mailing Address	119 N 6TH ST, PLATTSMOUTH, NE 68048-1929
Owner Type	Company
Vesting	Limited Liability Partnership

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
Mar 14, 2022	Deed of Trust, Mortgage · Conventional Mortgage MALVERN FSB
Sep 27, 2021	Deed of Trust, Mortgage · Conventional Mortgage AMCAP MORTGAGE LTD
Mar 28, 2022	Quit Claim Deed, Transfer Quitclaim

Assessor's Deed Record

Deed Names	Name on Deed
Last Transfer Date	Mar 10, 2022
Transfer Doc	002022/844
Record Updated	Sep 20, 2026

March 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MILLS IA
Property Address	507 2ND AVE, MALVERN, IA 51551-8076
Transaction Type	Mortgage
Record Updated	Mar 3, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	002022/706
Date	Mar 14, 2022
Book Page	2022/706
Instrument	2022-0706

Lender

Name	MALVERN FSB
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount on Record

Interest

Rate Type	Fixed Rate

September 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MILLS IA
Property Address	507 2ND AVE, MALVERN, IA 51551-8076
Transaction Type	Mortgage
Record Updated	Mar 3, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	02021/3143
Date	Sep 27, 2021
Book Page	2021/3143
Instrument	2021-3143

Lender

Name	AMCAP MORTGAGE LTD
Type	Mortgage Company

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	360 Months
Due	Oct 1, 2051

Interest

Rate Type	Fixed Rate

March 2022: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	MILLS IA
Recording Date	Mar 28, 2022
Property Address	507 2ND AVE, MALVERN, IA 51551-8076
Document Number	002022/844
Book / Page	2022 / 844
Instrument Date	Mar 10, 2022
Instrument	2022-0844
Transaction Type	Transfer
Record Updated	Mar 3, 2023

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	507 2ND AVE, MALVERN, IA 51551-8076

Tax Assessment & Valuation

The 2025 property tax bill for 507 2nd Ave was $2,314.

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	$2,314.00	$158,236 Land $11,040 Building $147,196	$158,236 Land $11,040 Building $147,196
2024	$2,314.00
2023		$157,460 (+36.9%) Land $2,760 Building $154,700	$157,460 Land $2,760 Building $154,700
2022	$2,318.00	$115,016 Land $2,760 Building $112,256
2021			$115,016 Land $2,760 Building $112,256

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

Flood

FEMA maps place 507 2nd Ave in Zone X, an area of minimal flood risk, though there have been 3 flood claims nearby since 1984.

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

The area around 507 2nd Ave 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	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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