NOT LISTED FOR SALE

1060 38th St Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $160,301 - $166,000

-- Bed
2 Baths
1,620 Sq Ft
$101/Sq Ft Est. Value

Last Sold December 01, 2022

Last sale price $135,000 $83 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,112/month

21 Days on Market

About This Home

As of December 2022

Looking 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!

Last Agent to Sell the Property

Norman Olson

RE/MAX Concepts Listed on: 09/16/2022

RE/MAX Concepts

Last Buyer's Agent

OUTSIDE AGENT

OTHER

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 95.68
  • Sp Amt Sq Ft: 83.33
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • First Floor Full Bathrooms: 1
  • Second Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 148
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 1620
  • Total Sq Ft: 1620

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1670
  • Lot S F: 7275
  • Lot Size: 37X194
  • Assessor Parcel Number: 09007268000000
  • Zoning: R1-60

Tax Info

  • Gross Taxes: 3465.00
  • Net Taxes: 3465.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

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
$155,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,161
Avg. Annual Appreciation
7.32%
Original Mortgage
$108,000
Outstanding Balance
$104,759
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$58,392

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
4.88%
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
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Makr Llc $135,000 --
Makr Llc $135,000 None Listed On Document
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 $3,515
Open Makr Llc $108,000
Closed 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

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 $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

    113 Total Sales

    Section Image

  • O

    Buyer's Agent in 2022

    OUTSIDE AGENT

    OTHER

    32 in this area

    5,738 Total Sales

    Section Image
  • Jessica Gilligan

    Seller's Agent in 2020

    Jessica Gilligan

    Century 21 Signature

    (515) 975-4595

    4 in this area

    188 Total Sales

    Section Image
  • Zac Bales-Henry

    Seller's Agent in 2019

    Zac Bales-Henry

    Black Phoenix Group

    (515) 494-7772

    5 in this area

    136 Total Sales

    Section Image

  • 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

    120 Total Sales

    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 660278

Des Moines Area Association of REALTORS®

APN: 090-07268000000

Iowa Polk County Des Moines 50311 Drake

1060 38th St, Des Moines, IA

This home is located at 1060 38th St, Des Moines, IA 50311 since 16 September 2022 and is currently estimated at $163,151, approximately $100 per square foot. This property was built in 1905. 1060 38th St is a home located in Polk County with nearby schools including Hubbell Elementary, Callanan Middle School, and Roosevelt 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.

Nearby Homes