1060 35th St Unit 1 Des Moines, IA 50311
Drake NeighborhoodEstimated Value: $139,078 - $794,000
--
Bed
6
Baths
1,326
Sq Ft
$285/Sq Ft
Est. Value
Highlights
- 6 Kitchens
- Laundry Room
- Storage
- No HOA
About This Home
As of January 2020Check out this fantastic opportunity to own the stately Montrose as an investment property! This co-op building offers 6 oversized 2 bedroom units that are flooded with light and charm in a great location. The units boast original hardwood floors, original built-ins and buffets, high ceilings, and all the stately charm of yesteryear! This investment property has monthly gross rent of $6575 and is located within walking distance to Drake University, downtown, and has easy access to 235.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $12,204
Year Built
- Built in 1914
Home Design
- Brick Exterior Construction
- Brick Foundation
Interior Spaces
- 6 Full Bathrooms
- 1,326 Sq Ft Home
- Storage
- Laundry Room
- 6 Kitchens
- Unfinished Basement
Utilities
- Window Unit Cooling System
Listing and Financial Details
- Assessor Parcel Number 09007207001000
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Operating Expense $2,764
- Gross Income $6,575
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 27, 2019
Closed on
Jan 29, 2020
Sold by
Compound Investment Group Llc
Bought by
Lau Tim
Seller's Agent
Joel Conner
Realty ONE Group Impact
Buyer's Agent
Stephanie Thomas
RE/MAX Concepts
List Price
$650,000
Sold Price
$662,000
Premium/Discount to List
$12,000
1.85%
Total Days on Market
35
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
-$283,641
Avg. Annual Appreciation
-12.54%
Purchase Details
Closed on
Dec 11, 2013
Sold by
Wall Slechta Lynnette
Bought by
Compund Investments Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,200
Interest Rate
4.38%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Nov 13, 2002
Sold by
Leach Carol Anne
Bought by
Wall Slechta Lynnette
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,275
Interest Rate
6.1%
Purchase Details
Closed on
Feb 6, 2002
Sold by
Groh Carol L
Bought by
Leach Carol Anne
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
Similar Home in Des Moines, IA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lau Tim | $662,000 | None Available | |
| Compund Investments Group Llc | $75,000 | None Available | |
| Wall Slechta Lynnette | $64,000 | -- | |
| Leach Carol Anne | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Compound Investments Group Llc | $68,900 | |
| Previous Owner | Compund Investments Group Llc | $61,200 | |
| Previous Owner | Wall Slechta Lynnette | $61,275 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2020 01/31/20 | Sold | $662,000 | +1.8% | $499 / Sq Ft |
| 01/01/2020 01/01/20 | Pending | -- | -- | -- |
| 12/27/2019 12/27/19 | For Sale | $650,000 | -- | $490 / 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 | $2,100 | $106,700 | $6,900 | $99,800 |
| 2023 | $2,258 | $106,700 | $6,900 | $99,800 |
| 2022 | $2,240 | $95,800 | $6,200 | $89,600 |
| 2021 | $2,078 | $95,800 | $6,200 | $89,600 |
| 2020 | $2,160 | $83,300 | $5,400 | $77,900 |
| 2019 | $2,034 | $83,300 | $5,400 | $77,900 |
| 2018 | $2,014 | $75,700 | $4,900 | $70,800 |
| 2017 | $1,920 | $75,700 | $4,900 | $70,800 |
| 2016 | $1,870 | $71,000 | $4,600 | $66,400 |
| 2015 | $1,870 | $71,000 | $4,600 | $66,400 |
| 2014 | $1,676 | $63,100 | $4,600 | $58,500 |
Source: Public Records
Agents Affiliated with this Home
-
Joel Conner
Seller's Agent in 2020
Joel Conner
Realty ONE Group Impact
(515) 205-6388
3 in this area
58 Total Sales
-
Stephanie Thomas
Buyer's Agent in 2020
Stephanie Thomas
RE/MAX
(515) 771-7788
11 in this area
182 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 596639
APN: 090-07207001000
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