1063 42nd St Des Moines, IA 50311
Drake NeighborhoodEstimated Value: $255,000 - $351,000
--
Bed
2
Baths
2,519
Sq Ft
$130/Sq Ft
Est. Value
Highlights
- 2 Kitchens
- No HOA
- Storage
- Wood Flooring
- Laundry Room
- Forced Air Heating and Cooling System
About This Home
As of March 2020Incredible investment opportunity on 42nd Street. Units feel like single-family home with 2.5 stories of living: three bedrooms, separate living, dining, kitchen and sunroom and full, unfinished basement with washer-dryer and storage. Two car detached garage shared by tenants with additional parking pad. Well-maintained. Never been vacant. Current rental certificates through 4/2021.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,612
Year Built
- Built in 1923
Lot Details
- 7,250 Sq Ft Lot
- Lot Dimensions are 50x145
Home Design
- Brick Exterior Construction
- Brick Foundation
- Asphalt Shingled Roof
Interior Spaces
- 2 Full Bathrooms
- 2,519 Sq Ft Home
- 2-Story Property
- Storage
- Fire and Smoke Detector
- Unfinished Basement
Kitchen
- 2 Kitchens
- Stove
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 2 Car Detached Garage
- Driveway
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 09001888000000
Community Details
Overview
- No Home Owners Association
Building Details
- Operating Expense $2,185
- Gross Income $25,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 9, 2021
Sold by
Grau Alan and Grau Jodie
Bought by
Emerald Lake Properties Llc
Total Days on Market
50
Current Estimated Value
Purchase Details
Closed on
Dec 7, 2020
Sold by
Emerald Lake Properties Llc
Bought by
Grau Alan and Grau Jodie
Purchase Details
Closed on
Jun 25, 2020
Sold by
Grau Alan and Grau Jodie
Bought by
Emerald Lake Properties Llc
Purchase Details
Listed on
Jan 7, 2020
Closed on
Mar 26, 2020
Sold by
Innovations Real Estate Investments Llc
Bought by
Grau Alan
Seller's Agent
Rose Green
RE/MAX Concepts
Buyer's Agent
Scott Damstetter
RE/MAX Precision
List Price
$279,900
Sold Price
$266,200
Premium/Discount to List
-$13,700
-4.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.03%
Original Mortgage
$199,650
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 31, 2015
Sold by
Dykstra David W and Dykstra Louisa J
Bought by
Innovations Real Estate Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
4.04%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 28, 2015
Sold by
Innovations Real Estate Investments Llc
Bought by
Dykstra David W and Dykstra Louisa J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
4.04%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 27, 2015
Sold by
Peterson Donald R
Bought by
Innovations Real Estate Investments L Lc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
4.04%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 27, 2011
Sold by
Peterson Virginia
Bought by
Innovations Real Estate Investments Llc
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 Homes in Des Moines, IA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Emerald Lake Properties Llc | -- | None Available | |
| Grau Alan | -- | None Available | |
| Emerald Lake Properties Llc | -- | None Available | |
| Grau Alan | $266,500 | None Available | |
| Innovations Real Estate Investments Llc | -- | None Available | |
| Dykstra David W | -- | Attorney | |
| Innovations Real Estate Investments L Lc | $180,000 | Attorney | |
| Innovations Real Estate Investments Llc | $180,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Grau Alan | $202,500 | |
| Previous Owner | Grau Alan | $199,650 | |
| Previous Owner | Dykstra David W | $146,250 | |
| Closed | Innovations Real Estate Investments Llc | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/26/2020 03/26/20 | Sold | $266,200 | -4.9% | $106 / Sq Ft |
| 02/26/2020 02/26/20 | Pending | -- | -- | -- |
| 01/07/2020 01/07/20 | For Sale | $279,900 | -- | $111 / 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 | $6,170 | $313,600 | $48,100 | $265,500 |
| 2023 | $6,104 | $313,600 | $48,100 | $265,500 |
| 2022 | $6,058 | $259,000 | $42,200 | $216,800 |
| 2021 | $5,772 | $259,000 | $42,200 | $216,800 |
| 2020 | $5,996 | $231,300 | $38,000 | $193,300 |
| 2019 | $5,612 | $231,300 | $38,000 | $193,300 |
| 2018 | $5,176 | $208,800 | $33,100 | $175,700 |
| 2017 | $4,858 | $208,800 | $33,100 | $175,700 |
| 2016 | $4,734 | $193,900 | $30,100 | $163,800 |
| 2015 | $4,734 | $193,900 | $30,100 | $163,800 |
| 2014 | $4,738 | $192,600 | $29,800 | $162,800 |
Source: Public Records
Agents Affiliated with this Home
-
Rose Green
Seller's Agent in 2020
Rose Green
RE/MAX
(515) 279-6700
6 in this area
127 Total Sales
-
Buyer's Agent in 2020
Scott Damstetter
RE/MAX
(515) 208-1420
64 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 597059
APN: 090-01888000000
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