NOT LISTED FOR SALE

106 2nd St NW Mitchellville, IA 50169

Estimated Value: $712,000 - $739,304

-- Bed
11 Baths
1,799 Sq Ft
$403/Sq Ft Est. Value

Last Sold April 01, 2022

Last sale price $640,000 $356 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,672/month

Highlights

  • 11 Kitchens
  • No HOA
  • Wood Siding
  • Mitchellville Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of April 2022

Great value add opportunity in this CASH FLOWING 11 unit property. This consists of an 8 unit building and a triplex on the same lot. Coin laundry is available with below-market rent. A signed NDA is required for financials. Contact an agent to request NDA.

Last Agent to Sell the Property

Crystal Arguello

Realty ONE Group Impact Listed on: 02/25/2022

Realty ONE Group Impact

Last Buyer's Agent

Timothy Schutte

EXIT Realty & Associates

EXIT Realty & Associates

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,912

Year Built

  • Built in 1920

Lot Details

  • 0.42

Parking

  • Driveway

Home Design

  • Brick Foundation
  • Asphalt Shingled Roof
  • Wood Siding

Kitchen

  • 11 Kitchens
  • Stove

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Additional Features

  • 0.42 Acre Lot

Community Details

  • No Home Owners Association
  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 00288001000

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,912

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Apartment Style
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 11
  • Stoves Total: 11
  • Total Bathrooms: 11.00
  • Full Bathrooms: 11
  • First Floor Full Bathrooms: 9
  • Second Floor Full Bathrooms: 1
  • Full Bathrooms: 1
  • Kitchens: 11
  • Laundry: No
  • Included Items: Stove

Exterior Features

  • Exterior: Wood
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete
  • Off Street Parking: Parking Lot available

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Southeast Polk

Lot Info

  • Acres: 0.4170
  • Lot S F: 18150
  • Lot Shape: Regular
  • Assessor Parcel Number: 00288001000
  • Zoning: R1

Rental Info

  • Deposit: Yes
  • Furnished: Yes
  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Water Tenant

Tax Info

  • Gross Taxes: 3912.00
  • Net Taxes: 3912.00

Multi Family

  • Total Units: 11

MLS Schools

  • School District: Southeast Polk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2025
Sold by
R & J Property Llc
Bought by
106 2Nd St Nw Llc
Current Estimated Value
$725,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,593
Outstanding Balance
$565,593
Interest Rate
6.75%
Mortgage Type
Credit Line Revolving
Estimated Equity
$160,059

Purchase Details

Listed on
Feb 25, 2022
Closed on
Mar 31, 2022
Sold by
Ivysun Holdings Llc
Bought by
R & J Properties Llc
Seller's Agent
Crystal Arguello
Realty ONE Group Impact
Buyer's Agent
Timothy Schutte
EXIT Realty & Associates
List Price
$659,000
Sold Price
$640,000
Premium/Discount to List
-$19,000
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.70%

Purchase Details

Listed on
Feb 25, 2022
Closed on
Jan 31, 2022
Sold by
104-106 2Nd Street Nw Housing Cooperativ
Bought by
Ivysun Holdings Llc
Seller's Agent
Crystal Arguello
Realty ONE Group Impact
Buyer's Agent
Timothy Schutte
EXIT Realty & Associates
List Price
$659,000
Sold Price
$640,000
Premium/Discount to List
-$19,000
-2.88%

Purchase Details

Closed on
Jan 6, 2022
Sold by
104-106 2Nd Street Nw Housing Cooperativ
Bought by
Ivysun Holdings Llc

Purchase Details

Closed on
Jul 22, 2010
Sold by
Ramsey Dennis D and Ramsey Patricia A
Bought by
104-106 2Nd Street Nw Housing Cooperativ
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
106 2Nd St Nw Llc $535,000 None Listed On Document
R & J Properties Llc $640,000 None Listed On Document
Ivysun Holdings Llc $525,000 Pa Henrichsen
Ivysun Holdings Llc $525,000 Pa Henrichsen
104-106 2Nd Street Nw Housing Cooperativ -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 106 2Nd St Nw Llc $565,593
Previous Owner 104-106 2Nd St Nw Housing Cooperative A $320,000
Previous Owner 104 106 2Nd Street Nw Housing Cooperativ $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Sold $640,000 -2.9% $356 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $659,000 +150.6% $366 / Sq Ft
11/14/2014 11/14/14 Sold $263,000 -2.2% $41 / Sq Ft
11/03/2014 11/03/14 Pending -- -- --
05/12/2014 05/12/14 For Sale $269,000 -- $42 / 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 $9,666 $585,000 $46,100 $538,900
2023 $9,294 $585,000 $46,100 $538,900
2022 $9,184 $476,000 $38,600 $437,400
2021 $7,824 $476,000 $38,600 $437,400
2020 $7,708 $390,000 $35,000 $355,000
2019 $6,652 $390,000 $35,000 $355,000
2018 $7,532 $324,000 $35,000 $289,000
2017 $7,512 $324,000 $35,000 $289,000
2016 $7,488 $293,000 $29,000 $264,000
2015 $7,488 $293,000 $29,000 $264,000
2014 $6,804 $261,000 $29,000 $232,000
Source: Public Records

Agents Affiliated with this Home

  • Crystal Arguello

    Seller's Agent in 2022

    Crystal Arguello

    Realty ONE Group Impact

    (515) 494-9388

    1 in this area

    94 Total Sales

    Crystal Arguello
    Section Image
  • Timothy Schutte

    Buyer's Agent in 2022

    Timothy Schutte

    EXIT Realty & Associates

    (515) 681-5677

    1 in this area

    197 Total Sales

    Timothy Schutte
    Section Image
  • Brad Staley

    Seller's Agent in 2014

    Brad Staley

    Staley Real Estate

    (641) 456-5534

    88 Total Sales

    Brad Staley
    Section Image

  • O

    Buyer's Agent in 2014

    Outside Selling Agent

    Outside Selling Office

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 646490

Des Moines Area Association of REALTORS®

APN: 141-00288001000

Iowa Polk County Mitchellville 50169

106 2nd St NW, Mitchellville, IA

This home is located at 106 2nd St NW, Mitchellville, IA 50169 since 25 February 2022 and is currently estimated at $725,652, approximately $403 per square foot. This property was built in 1920. 106 2nd St NW is a home located in Polk County with nearby schools including Mitchellville Elementary School, Southeast Polk Spring Creek- 6th Grade, and Southeast Polk Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Des Moines Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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