1060 38th St Des Moines, IA 50311
Drake NeighborhoodEstimated Value: $150,889 - $157,000
--
Bed
2
Baths
1,620
Sq Ft
$95/Sq Ft
Est. Value
About This Home
As of December 2022Looking for an investment property? Here is your chance! This two-story duplex is ready for a new owner. The first level unit has one bedroom/one bathroom with a traditional studio feel. On the second level, you'll find a two bedroom unit with one bathroom. Electric and water are metered together. Shared first-floor laundry hookups. It is currently rented with long term tenants. Call for your private tour today!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1905
Lot Details
- 7,275 Sq Ft Lot
- Lot Dimensions are 37x194
Home Design
- Brick Foundation
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1,620 Sq Ft Home
- 2-Story Property
- Stove
- Unfinished Basement
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 09007268000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2022
Closed on
Oct 29, 2022
Sold by
Set Apart Llc
Bought by
Makr Llc
Seller's Agent
Norman Olson
RE/MAX Concepts
Buyer's Agent
OUTSIDE AGENT
OTHER
List Price
$179,900
Sold Price
$135,000
Premium/Discount to List
-$44,900
-24.96%
Views
16
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
$18,945
Avg. Annual Appreciation
5.32%
Original Mortgage
$108,000
Outstanding Balance
$105,186
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$48,905
Purchase Details
Listed on
Jun 18, 2020
Closed on
Sep 1, 2020
Sold by
Montgomery Nicholas L
Bought by
Set Apart Llc
Seller's Agent
Jessica Gilligan
Century 21 Signature
Buyer's Agent
Norman Olson
RE/MAX Concepts
List Price
$150,000
Sold Price
$135,000
Premium/Discount to List
-$15,000
-10%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Purchase Details
Listed on
May 9, 2018
Closed on
May 3, 2019
Sold by
Mmr Investments I Llc
Bought by
Montgomery Nicholas L
Seller's Agent
Zac Bales-Henry
Black Phoenix Group
Buyer's Agent
Jessica Gilligan
Century 21 Signature
List Price
$120,000
Sold Price
$112,000
Premium/Discount to List
-$8,000
-6.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.20%
Original Mortgage
$10,500
Interest Rate
4.1%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Nov 5, 2014
Sold by
N8 Home Solutions Llc
Bought by
Mmr Investments I Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
4.21%
Mortgage Type
Commercial
Purchase Details
Listed on
Nov 27, 2012
Closed on
Feb 25, 2013
Sold by
City Of Des Moines
Bought by
N8 Home Solutions Llc
Seller's Agent
Shawn McAninch
RE/MAX Concepts
Buyer's Agent
Patrick Vasquez
List Price
$99,500
Sold Price
$90,000
Premium/Discount to List
-$9,500
-9.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%
Original Mortgage
$67,500
Interest Rate
3.3%
Mortgage Type
Commercial
Purchase Details
Listed on
Nov 27, 2012
Closed on
Feb 11, 2013
Sold by
Little Acorn Properties Llc
Bought by
N8 Home Solutions Llc
Seller's Agent
Shawn McAninch
RE/MAX Concepts
Buyer's Agent
Patrick Vasquez
List Price
$99,500
Sold Price
$90,000
Premium/Discount to List
-$9,500
-9.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
3.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 26, 2008
Sold by
Ver Huel Christopher W and Ver Huel Laura D
Bought by
Little Acorn Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
6.57%
Mortgage Type
Commercial
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Makr Llc | $135,000 | -- | |
| Set Apart Llc | $135,000 | None Available | |
| Montgomery Nicholas L | $112,000 | None Available | |
| Mmr Investments I Llc | $110,000 | None Available | |
| N8 Home Solutions Llc | -- | None Available | |
| N8 Home Solutions Llc | $90,000 | None Available | |
| Little Acorn Properties Llc | $86,500 | North American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Makr Llc | $108,000 | |
| Previous Owner | Montgomery Nicholas L | $10,500 | |
| Previous Owner | Montgomery Nicholas L | $99,100 | |
| Previous Owner | Mmr Investments I Llc | $50,000 | |
| Previous Owner | Mmr Investments I Llc | $88,000 | |
| Previous Owner | N8 Home Solutions Llc | $67,500 | |
| Previous Owner | Little Acorn Properties Llc | $97,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/01/2022 12/01/22 | Sold | $135,000 | -12.9% | $83 / Sq Ft |
| 10/07/2022 10/07/22 | Pending | -- | -- | -- |
| 09/19/2022 09/19/22 | Price Changed | $155,000 | -13.8% | $96 / Sq Ft |
| 09/16/2022 09/16/22 | For Sale | $179,900 | +33.3% | $111 / Sq Ft |
| 09/01/2020 09/01/20 | Sold | $135,000 | -10.0% | $83 / Sq Ft |
| 09/01/2020 09/01/20 | Pending | -- | -- | -- |
| 06/18/2020 06/18/20 | For Sale | $150,000 | +33.9% | $93 / Sq Ft |
| 05/08/2019 05/08/19 | Sold | $112,000 | -6.7% | $76 / Sq Ft |
| 05/08/2019 05/08/19 | Pending | -- | -- | -- |
| 05/09/2018 05/09/18 | For Sale | $120,000 | +33.3% | $82 / Sq Ft |
| 02/15/2013 02/15/13 | Sold | $90,000 | -9.5% | $61 / Sq Ft |
| 02/15/2013 02/15/13 | Pending | -- | -- | -- |
| 11/27/2012 11/27/12 | For Sale | $99,500 | -- | $68 / 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 | $3,154 | $160,300 | $48,200 | $112,100 |
| 2023 | $3,206 | $160,300 | $48,200 | $112,100 |
| 2022 | $3,180 | $136,000 | $42,400 | $93,600 |
| 2021 | $3,150 | $136,000 | $42,400 | $93,600 |
| 2020 | $3,272 | $126,200 | $38,200 | $88,000 |
| 2019 | $2,972 | $126,200 | $38,200 | $88,000 |
| 2018 | $2,942 | $110,600 | $33,200 | $77,400 |
| 2017 | $2,732 | $110,600 | $33,200 | $77,400 |
| 2016 | $2,662 | $101,000 | $30,200 | $70,800 |
| 2015 | $2,662 | $101,000 | $30,200 | $70,800 |
| 2014 | $2,440 | $95,300 | $28,400 | $66,900 |
Source: Public Records
Agents Affiliated with this Home
-
Norman Olson
Seller's Agent in 2022
Norman Olson
RE/MAX
(515) 401-2613
2 in this area
118 Total Sales
-
OUTSIDE AGENT
O
Buyer's Agent in 2022
OUTSIDE AGENT
OTHER
35 in this area
5,769 Total Sales
-
Jessica Gilligan
Seller's Agent in 2020
Jessica Gilligan
Century 21 Signature
(515) 975-4595
4 in this area
194 Total Sales
-
Zac Bales-Henry
Seller's Agent in 2019
Zac Bales-Henry
Black Phoenix Group
(515) 494-7772
5 in this area
137 Total Sales
-
S
Seller's Agent in 2013
Shawn McAninch
RE/MAX Concepts
-
Ryan Rivera
Seller Co-Listing Agent in 2013
Ryan Rivera
Zealty Home Advisors
(515) 554-5870
1 in this area
130 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 660278
APN: 090-07268000000
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