Seller's Agent in 2022
Norman Olson
RE/MAX
(515) 401-2613
2 in this area
114 Total Sales
1060 38th St Des Moines, IA 50311
Drake Neighborhood
--
Bed
2
Baths
1,472
Sq Ft
7,275
Sq Ft Lot
Highlights
- 2 Kitchens
- Storage
- Forced Air Heating and Cooling System
- Laundry Room
About This Home
As of December 2022Excellent opportunity to make your real estate investment dreams come true!! Buy this duplex property and live in one unit, have the tenant pay rent to lower your monthly mortgage costs. Adorable two unit property in the Drake neighborhood. The home sits in a quiet area across the street from the Grace United Methodist Church. Wonderful play area close by and close to shopping, bus line, schools and Drake University. The charming lower level unit features one bedroom, full kitchen and living area with french doors and 3/4 BA. Unit one rents for $620.00/mo. The upper level has two bedrooms, full living room and full BA and kitchen and rents for $670/mo. There is a HUGE two car garage that can be rented for $25.00 per unit. Tenants split the utility costs. Owner pays for insurance and taxes. There is a washer and dryer in the common area on the first level and a fenced backyard. This property would be good for a large family to use as a single family residence. Tax credits possible!
Last Agent to Sell the Property
Shawn McAninch
RE/MAX Concepts Listed on: 11/27/2012
Last Buyer's Agent
Patrick Vasquez
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
- Vinyl Siding
Interior Spaces
- 2 Bathrooms
- 2-Story Property
- Storage
- Laundry Room
- 2 Kitchens
- Unfinished Basement
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 09007268000000
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $468
- Gross Income $14,600
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
$20,161
Avg. Annual Appreciation
5.04%
Original Mortgage
$108,000
Outstanding Balance
$104,867
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$49,078
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
4.40%
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
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 | $135,000 | -- | |
| Warranty Deed | $135,000 | None Available | |
| Warranty Deed | $112,000 | None Available | |
| Warranty Deed | $110,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $90,000 | None Available | |
| Warranty Deed | $86,500 | North American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,515 | New Conventional | |
| Open | $108,000 | Credit Line Revolving | |
| Previous Owner | $10,500 | Stand Alone Second | |
| Previous Owner | $99,100 | New Conventional | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $88,000 | Commercial | |
| Previous Owner | $67,500 | Commercial | |
| Previous Owner | $97,500 | Commercial |
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
-
-
O
Buyer's Agent in 2022
OUTSIDE AGENT
OTHER
32 in this area
5,739 Total Sales
-
Seller's Agent in 2020
Jessica Gilligan
Century 21 Signature
(515) 975-4595
4 in this area
189 Total Sales
-
Seller's Agent in 2019
Zac Bales-Henry
Black Phoenix Group
(515) 494-7772
5 in this area
135 Total Sales
-
S
Seller's Agent in 2013
Shawn McAninch
RE/MAX Concepts
-
Seller Co-Listing Agent in 2013
Ryan Rivera
Zealty Home Advisors
(515) 554-5870
1 in this area
124 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 409757
APN: 090-07268000000
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