1055 40th St Des Moines, IA 50311
Drake Neighborhood
3
Beds
2
Baths
1,513
Sq Ft
6,600
Sq Ft Lot
Highlights
- Arts and Crafts Architecture
- Sun or Florida Room
- Formal Dining Room
- 1 Fireplace
- No HOA
- Forced Air Heating and Cooling System
About This Home
As of July 2025Welcome to this well-maintained and lovingly cared for Craftsman home full of character and charm! Original hardwood floors and architectural details on the main floor, with two bedrooms, full bath with heated tile floor, kitchen, dining, and living rooms as well as a cozy sunroom. Large 3rd bedroom upstairs, and an additional non-conforming bedroom in the finished lower level. An additional full bathroom, family room, and laundry & utility space round out the finished lower level. 2-car detached garage is a plus as well as a thoughtfully landscaped yard. Some recent updates include a new refrigerator (2021) and new kitchen sink and dishwasher (2022). Leafy neighborhood is gorgeous in all seasons. Walking distance from Hubbell Elementary, Roosevelt High School, Shops at Roosevelt, bars, restaurants, and grocery stores. Close to Drake University, downtown Des Moines, or the western suburbs, offering easy access to local city parks, events and amenities. Close to I-235, bike trails, and DART bus routes. Don’t hesitate, schedule your showing today and make this home yours!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,976
Year Built
- Built in 1926
Lot Details
- 6,600 Sq Ft Lot
- Lot Dimensions are 50x132
- Wood Fence
- Property is zoned RN5
Home Design
- Arts and Crafts Architecture
- Bungalow
- Brick Foundation
- Asphalt Shingled Roof
- Metal Siding
Interior Spaces
- 1,513 Sq Ft Home
- 1 Fireplace
- Family Room Downstairs
- Formal Dining Room
- Sun or Florida Room
- Finished Basement
Kitchen
- Stove
- Microwave
- Dishwasher
Bedrooms and Bathrooms
Laundry
- Dryer
- Washer
Parking
- 2 Car Detached Garage
- Driveway
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 09004062000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 30, 2025
Closed on
Jul 1, 2025
Sold by
Flaig Derrick and Flaig Tamara
Bought by
Schrobilgen Jason and Schrobilgen Rachael
Seller's Agent
Tamara Flaig
Keller Williams Realty GDM
Buyer's Agent
Deb Miller
Iowa Realty Beaverdale
List Price
$283,500
Sold Price
$281,500
Premium/Discount to List
-$2,000
-0.71%
Views
42
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.99%
Original Mortgage
$225,200
Outstanding Balance
$225,200
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$55,613
Purchase Details
Listed on
Aug 2, 2022
Closed on
Oct 20, 2022
Sold by
Gran Benjamin J and Gran Amanda E
Bought by
Flaig Derrick and Flaig Tamara
Seller's Agent
Mike Hamilton
Iowa Realty Beaverdale
Buyer's Agent
Tamara Flaig
Keller Williams Realty GDM
List Price
$275,000
Sold Price
$248,000
Premium/Discount to List
-$27,000
-9.82%
Views
11
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.77%
Original Mortgage
$223,200
Interest Rate
5.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 8, 2011
Sold by
Gran Benjamin James and Bradley Amanda K
Bought by
Gran Benjamin J and Gran Amanda E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
4.54%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 28, 2005
Sold by
Titus Meg Ellen Malone and Titus Bradford J
Bought by
Gran Benjamin James and Bradley Amanda K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
5.89%
Mortgage Type
Fannie Mae Freddie Mac
Similar Homes in Des Moines, IA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $281,500 | None Listed On Document | |
| Warranty Deed | $248,000 | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $162,000 | Itc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $225,200 | New Conventional | |
| Previous Owner | $223,200 | New Conventional | |
| Previous Owner | $130,630 | New Conventional | |
| Previous Owner | $20,000 | Credit Line Revolving | |
| Previous Owner | $154,000 | New Conventional | |
| Previous Owner | $162,500 | Fannie Mae Freddie Mac |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | Sold | $281,500 | -0.7% | $186 / Sq Ft |
| 06/30/2025 06/30/25 | Pending | -- | -- | -- |
| 05/30/2025 05/30/25 | For Sale | $283,500 | +14.3% | $187 / Sq Ft |
| 10/21/2022 10/21/22 | Sold | $248,000 | -1.8% | $164 / Sq Ft |
| 09/23/2022 09/23/22 | Pending | -- | -- | -- |
| 09/16/2022 09/16/22 | Price Changed | $252,500 | -8.2% | $167 / Sq Ft |
| 08/02/2022 08/02/22 | For Sale | $275,000 | -- | $182 / 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 | $5,520 | $280,600 | $43,800 | $236,800 |
| 2023 | $5,284 | $280,600 | $43,800 | $236,800 |
| 2022 | $5,242 | $233,100 | $38,400 | $194,700 |
| 2021 | $5,242 | $233,100 | $38,400 | $194,700 |
| 2020 | $5,164 | $208,000 | $34,600 | $173,400 |
| 2019 | $4,702 | $208,000 | $34,600 | $173,400 |
| 2018 | $4,650 | $183,500 | $30,100 | $153,400 |
| 2017 | $4,294 | $183,500 | $30,100 | $153,400 |
| 2016 | $4,178 | $167,300 | $27,400 | $139,900 |
| 2015 | $4,178 | $167,300 | $27,400 | $139,900 |
| 2014 | $3,882 | $160,500 | $25,800 | $134,700 |
Source: Public Records
Agents Affiliated with this Home
-
T
Seller's Agent in 2025
Tamara Flaig
Keller Williams Realty GDM
-
D
Buyer's Agent in 2025
Deb Miller
Iowa Realty Beaverdale
-
M
Seller's Agent in 2022
Mike Hamilton
Iowa Realty Beaverdale
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 657581
APN: 090-04062000000
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