NOT LISTED FOR SALE

1063 42nd St Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $299,000 - $379,486

-- Bed
2 Baths
2,519 Sq Ft
$137/Sq Ft Est. Value

Last Sold March 26, 2020

Last sale price $266,200 $106 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,349/month

50 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Storage
  • Wood Flooring
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of March 2020

Incredible 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.

Last Agent to Sell the Property

Rose Green

RE/MAX Concepts Listed on: 01/07/2020

RE/MAX Concepts

Last Buyer's Agent

Scott Damstetter

RE/MAX Precision

RE/MAX Precision

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,612

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 111.12
  • Sp Amt Sq Ft: 105.68
  • Termite: Call Listing Agent
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Dishwashers: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: Carpeting, Hardwood Floors, Smoke Detector, Tile Floors, Vinyl Floors
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Third Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1147
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes
  • Half Bathrooms: 1
  • Included Items: Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 2519
  • Total Sq Ft: 2519

Exterior Features

  • Exterior: Brick
  • Foundation: Brick
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Sidewalk: Y
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete
  • Garage: 2 Detached
  • Off Street Parking: 1

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Fee Information

  • Total Expense: 2185

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1660
  • Lot S F: 7250
  • Lot Shape: Regular
  • Lot Size: 50X145
  • Assessor Parcel Number: 09001888000000
  • Zoning: R1

Rental Info

  • Deposit: No
  • Furnished: No
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Tenant, Insurance Landlord, Taxes Owner, Water Owner

Tax Info

  • Gross Taxes: 5612.00
  • Net Taxes: 5612.00
  • Tax Year: 2020

MLS Schools

  • School District: Des Moines Independent

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
Current Estimated Value
$346,122

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
4.88%
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
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
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 $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

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 $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

    129 Total Sales

    Rose Green
    Section Image

  • S

    Buyer's Agent in 2020

    Scott Damstetter

    RE/MAX

    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 597059

Des Moines Area Association of REALTORS®

APN: 090-01888000000

Iowa Polk County Des Moines 50311 Drake

1063 42nd St, Des Moines, IA

This home is located at 1063 42nd St, Des Moines, IA 50311 since 07 January 2020 and is currently estimated at $346,122, approximately $137 per square foot. This property was built in 1923. 1063 42nd 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.

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