Seller's Agent in 2016
Jim Siebersma
RE/MAX
1013 Walnut St West Des Moines, IA 50265
Estimated Value: $178,806 - $234,000
4
Beds
2
Baths
1,361
Sq Ft
$152/Sq Ft
Est. Value
Highlights
- 2 Kitchens
- Laundry Room
- 5-minute walk to Wilson Park
- Valley High School Rated A
- Forced Air Heating and Cooling System
About This Home
As of January 2016Excellent income opportunity and above average annual CAP rate. Property was converted from a split level single family home to a 2 unit duplex prior to current owner. Both units occupied by good paying tenants who are currently on month to month leases, one month rent as security deposit. Assessor shows that each unit has 2 BR, 1BA; according to seller each unit is actually 1 BR, 1 BA. Separate gas and electric meters. One water meter & one hot water heater service both units; hot water heater new in 2015. Electric laundry hook-ups. Large lot extends west to the corner of 11th & Walnut Streets. Inspection certificate is current.
Last Listed By
Jim Siebersma
RE/MAX Precision Listed on: 06/29/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,366
Year Built
- Built in 1930
Lot Details
- 7,413
Home Design
- Block Foundation
- Slab Foundation
- Frame Construction
- Vinyl Siding
Interior Spaces
- 1.5-Story Property
- Crawl Space
- 2 Kitchens
- Laundry Room
Additional Features
- 7,413 Sq Ft Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 32003507000000
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $267
- Gross Income $1,150
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 29, 2015
Closed on
Jan 23, 2016
Sold by
Peters David B and Peters Cathleen J
Bought by
Hogan Kevin E
Seller's Agent
Jim Siebersma
RE/MAX Precision
Buyer's Agent
Marty Glanz
Iowa Realty Mills Crossing
List Price
$99,900
Sold Price
$92,000
Premium/Discount to List
-$7,900
-7.91%
Total Days on Market
214
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,403
Avg. Annual Appreciation
9.17%
Purchase Details
Closed on
Jun 21, 2005
Sold by
Doheny Robert C and Doheny Michelle M
Bought by
Peters David B and Peters Cathleen J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 16, 2003
Sold by
Sales & Management Associates Ltd
Bought by
Bpd Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,770
Interest Rate
5.76%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 27, 2003
Sold by
Bpd Llc
Bought by
Broich James and Doheny Robert C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,770
Interest Rate
5.76%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 1, 1998
Sold by
Sales And Management Associates Ltd
Bought by
Bpd Llc
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hogan Kevin E | $92,000 | None Available | |
| Peters David B | $94,000 | -- | |
| Bpd Llc | $59,500 | -- | |
| Broich James | -- | -- | |
| Bpd Llc | $59,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Peters David B | $64,500 | |
| Previous Owner | Peters David B | $85,000 | |
| Previous Owner | Broich James | $73,770 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/29/2016 01/29/16 | Sold | $92,000 | -7.9% | $68 / Sq Ft |
| 01/29/2016 01/29/16 | Pending | -- | -- | -- |
| 06/29/2015 06/29/15 | For Sale | $99,900 | -- | $73 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Tax History Compared to Growth
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 | $2,068 | $130,500 | $42,500 | $88,000 |
| 2023 | $1,966 | $130,500 | $42,500 | $88,000 |
| 2022 | $1,942 | $101,800 | $34,100 | $67,700 |
| 2021 | $1,828 | $101,800 | $34,100 | $67,700 |
| 2020 | $1,802 | $91,200 | $30,800 | $60,400 |
| 2019 | $1,780 | $91,200 | $30,800 | $60,400 |
| 2018 | $1,784 | $86,900 | $27,300 | $59,600 |
| 2017 | $1,446 | $86,900 | $27,300 | $59,600 |
| 2016 | $1,414 | $68,400 | $25,500 | $42,900 |
| 2015 | $1,414 | $68,400 | $25,500 | $42,900 |
| 2014 | $1,410 | $67,400 | $24,500 | $42,900 |
Source: Public Records
Agents Affiliated with this Home
-
-
M
Buyer's Agent in 2016
Marty Glanz
Iowa Realty Mills Crossing
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 457345
APN: 320-03507000000
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