NOT LISTED FOR SALE

Estimated Value: $238,000 - $270,000

-- Bed
2 Baths
1,768 Sq Ft
$144/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $227,000 $128 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,708/month

42 Days on Market

Highlights

  • 2 Kitchens
  • Forced Air Heating System
  • Baseboard Heating
  • No HOA

About This Home

As of April 2022

Duplex in good condition. Great cash flow opportunity. 1004 Kingman to be sold as a package deal with 1008 Kingman.
Showings on Sunday Noon to 3:00pm. Seller will look at all offers on Monday evening.
All units are rented. All information obtained from Seller and public records.

Last Agent to Sell the Property

Bradley Johnson

Keller Williams Legacy Group Listed on: 02/17/2022

Keller Williams Legacy Group

Last Buyer's Agent

Jasmina Salkic

EXIT Realty & Associates

EXIT Realty & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,406

Year Built

  • Built in 1951

Lot Details

  • 6,344 Sq Ft Lot

Home Design

  • Asphalt Shingled Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,768 Sq Ft Home
  • 2-Story Property

Kitchen

  • 2 Kitchens
  • Stove

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 09003490000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,406

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 127.26
  • Sp Amt Sq Ft: 128.39
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Sq Ft Bsmt: 440
  • Kitchens: 2
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 1768
  • Total Sq Ft: 1768

Exterior Features

  • Roof: Asphalt Shingle

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Electric Baseboard, Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1460
  • Lot S F: 6344
  • Assessor Parcel Number: 09003490000000
  • Zoning: N5-2

Rental Info

  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Tenant, Taxes Owner, Water Tenant

Tax Info

  • Gross Taxes: 3406.00
  • Net Taxes: 3406.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2022
Closed on
Apr 8, 2022
Sold by
Kaldenberg Enterprises Llc
Bought by
Nwanganga Nelson N
Seller's Agent
Bradley Johnson
Keller Williams Legacy Group
Buyer's Agent
Jasmina Salkic
EXIT Realty & Associates
List Price
$225,000
Sold Price
$227,000
Premium/Discount to List
$2,000
0.89%
Total Days on Market
42
Current Estimated Value
$255,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,333
Avg. Annual Appreciation
3.68%
Original Mortgage
$170,250
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 28, 2019
Closed on
Aug 29, 2019
Sold by
Loeb Enterprises Llc
Bought by
Kaldenberg Enterprises Llc
Seller's Agent
Karoline Benskin
Keller Williams Realty GDM
Buyer's Agent
Bradley Johnson
Keller Williams Legacy Group
List Price
$155,000
Sold Price
$159,750
Premium/Discount to List
$4,750
3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.41%
Original Mortgage
$255,600
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2013
Sold by
Jenkins Loeb Terrance and Loeb Justina
Bought by
Loeb Enterprises L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2013
Sold by
Gng Lc
Bought by
Jenkins Loeb Terrence and Loeb Justina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Similar Homes in Des Moines, IA

  • 2900 High St, Des Moines, IA 50312

    $285,000

    • Studio
    • 2 Baths
    • 3,146 Sq Ft
    • 2900 High St
    • Des Moines, IA

    Fantastic income-producing duplex just one block from Ingersoll Avenue! This well-maintained property features two spacious units, large kitchens with dining areas, and bright, open living spaces. There are separate laundry units in the basement for each unit. Recent updates include a new roof (2022), foundation repair (2023), electrical panels have been upgraded to 200 A service and the wiring

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 1527 Forest Ave, Des Moines, IA 50314

    $249,000

    • Studio
    • 2 Baths
    • 3,729 Sq Ft
    • 1527 Forest Ave
    • Des Moines, IA

    Turnkey duplex opportunity at 1527 Forest Ave in Des Moines—perfect for investors! This solid brick and stucco property features two spacious 2-bed/1-bath units, both with original hardwood floors, updated electrical, and composite windows. Recent exterior upgrades include a brand-new roof, soffit, gutters, and fascia. Located directly across from a park on a corner lot, the property offers

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 1608 Mondamin Ave, Des Moines, IA 50314

    $245,000

    • Studio
    • 2 Baths
    • 1,056 Sq Ft
    • 1608 Mondamin Ave
    • Des Moines, IA

    Newly updated Duplex. I bed 1 bath on each side. With 2 non conforming bedrooms and living space in the basement. New roof, siding, gutters, mechanicals, plumbing and electrical in basement. Permits pulled so home could be eligible for a tax abatement. Call the city of Des Moines for the details. Yard is fully fenced. Driveways for parking off street as well.

    Joanne May RE/MAX Revolution

    Section Image
  • 4025 54th St, Des Moines, IA 50310

    $260,000

    • Studio
    • 2 Baths
    • 1,358 Sq Ft
    • 4025 54th St
    • Des Moines, IA

    4025 54th St is a rock-solid duplex that makes sense from every angle—whether you're a first-time house hacker or a seasoned investor looking to expand your portfolio. With both units currently vacant, you're free to move in and offset your mortgage with rental income, or lease out both sides at market rent with zero downtime. The property includes an upper 3-bedroom, 1-bath unit and a lower

    Darson Grantham Keller Williams Realty GDM

    Section Image
  • 1513 Des Moines St, Des Moines, IA 50316

    $230,000

    • Studio
    • 3 Baths
    • 2,806 Sq Ft
    • 1513 Des Moines St
    • Des Moines, IA

    Welcome to 1513 Des Moines Street, a prime multi-unit investment property in the heart of Des Moines. This 3-unit multiplex presents an excellent opportunity for investors seeking immediate rental income with built-in occupancy. Two of the three units are already filled, providing steady cash flow from day one. The property offers three distinct rental units, each with its own full bathroom. The

    Darson Grantham Keller Williams Realty GDM

    Section Image
  • 2400 SE 8th St, Des Moines, IA 50315

    $259,000

    • Studio
    • 3 Baths
    • 2,140 Sq Ft
    • 2400 SE 8th St
    • Des Moines, IA

    Investor opportunity in the heart of Des Moines! Located at 2400 SE 8th St, this multi-family property offers strong rental potential with three separate units—two 1-bed/1-bath units and one 2-bed/1-bath unit—spread across 2,140 sq ft of living space. The property has a masonry foundation, an unfinished basement for additional storage, and off-street parking potential. With each unit already

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 1208 West St, Des Moines, IA 50315

    $245,000

    • Studio
    • 3 Baths
    • 1,876 Sq Ft
    • 1208 West St
    • Des Moines, IA

    This is a great turnkey rental property. Consists of a 964 sqft 2 bedroom raised ranch home with afinishable 3rd bedroom in the basement and a duplex each side consists of 1 bed 1 bath units. The single-family home does have a full basement with separate furnaces and a very nice two-car garage! Total rentis 2600 and Landlord pays for utilities. Both of the properties have a newer roof

    Darson Grantham Keller Williams Realty GDM

    Section Image
  • 1134 39th St, Des Moines, IA 50311

    $252,000

    • Studio
    • 2 Baths
    • 2,187 Sq Ft
    • 1134 39th St
    • Des Moines, IA

    Charming Duplex in Des Moines. Ideal Investment Opportunity! Nestled in a quiet cul-de-sac street just off University Avenue, this well-maintained duplex is perfect for investors. The main level unit is currently occupied by long-term tenants and features 2 bedrooms, 1 bath, a cozy living room, formal dining room, kitchen, and an additional office/bonus room. The basement provides ample extra

    Tim Hegwood PMI Realty Central Iowa

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nwanganga Nelson N $454,000 None Listed On Document
Kaldenberg Enterprises Llc $319,500 None Available
Loeb Enterprises L L C -- None Available
Jenkins Loeb Terrence $117,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nwanganga Nelson $241,000
Closed Nwanganga Nelson N $170,250
Previous Owner Kaldenberg Enterprises Llc $255,600
Previous Owner Jenkins Loeb Terrence $93,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2022 04/08/22 Sold $227,000 +0.9% $128 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $225,000 +40.8% $127 / Sq Ft
08/30/2019 08/30/19 Sold $159,750 +3.1% $90 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
06/28/2019 06/28/19 For Sale $155,000 -- $88 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,232 $215,100 $54,100 $161,000
2023 $3,834 $215,100 $54,100 $161,000
2022 $3,806 $162,700 $47,500 $115,200
2021 $3,644 $162,700 $47,500 $115,200
2020 $3,786 $146,000 $42,800 $103,200
2019 $3,520 $146,000 $42,800 $103,200
2018 $3,484 $131,000 $37,200 $93,800
2017 $3,790 $131,000 $37,200 $93,800
2016 $3,820 $140,100 $33,900 $106,200
2015 $3,692 $140,100 $33,900 $106,200
2014 $3,574 $139,600 $33,100 $106,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 645940

Des Moines Area Association of REALTORS®

APN: 090-03489000000