Seller's Agent in 2023
Brett Opdahl
RE/MAX
(515) 557-0054
7 in this area
163 Total Sales
1091 26th St Des Moines, IA 50311
Drake Neighborhood
--
Bed
--
Bath
3,875
Sq Ft
9,216
Sq Ft Lot
Highlights
- 5 Kitchens
- Forced Air Heating System
- 4-minute walk to Drake Park
- No HOA
About This Home
As of April 2023Attention Investors. Great turnkey income producing 5 plex within 1 block of Drake University and the new development occurring along University Avenue. The asset is currently bringing in $2990/mo of rental income and the tenants pay many of the utilities. Over the last year, the owners have updated and turned over units using a local professional property management company. Value add potential still exists by increasing rents on 3 of the units that are currently rented under market and including the fifth unit in the RUBS plan. The additional value add is estimated to be an additional $300-400/mo. 3 of the units have been remodeled/updated and have new appliances. The rental certificate is in the process of being renewed. Unit 1 = 600, Unit 2 = 750, Unit 3 = 650, Unit 4 = 340, Unit 5 = 650
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,830
Year Built
- Built in 1904
Lot Details
- 9,216 Sq Ft Lot
- Lot Dimensions are 72x128
Home Design
- 3,875 Sq Ft Home
Kitchen
- 5 Kitchens
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Additional Features
- Unfinished Basement
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 03001430000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 14, 2022
Closed on
Mar 30, 2023
Sold by
Dobson Keegan
Bought by
Delacruz Alejandro J Munoz
Seller's Agent
Brett Opdahl
RE/MAX Precision
Buyer's Agent
Lacey Halupnick
RE/MAX Concepts
List Price
$275,000
Sold Price
$243,000
Premium/Discount to List
-$32,000
-11.64%
Views
57
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
$21,187
Avg. Annual Appreciation
4.44%
Purchase Details
Listed on
Feb 1, 2021
Closed on
Aug 12, 2021
Sold by
Schneider Kevin J
Bought by
Invest Dsm Inc
Seller's Agent
Darson Grantham
Keller Williams Realty GDM
Buyer's Agent
Brett Opdahl
RE/MAX Precision
List Price
$240,000
Sold Price
$220,000
Premium/Discount to List
-$20,000
-8.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.92%
Original Mortgage
$220,000
Interest Rate
2.9%
Mortgage Type
FHA
Purchase Details
Listed on
Feb 1, 2021
Closed on
Jun 24, 2021
Sold by
Ten 91 Llc
Bought by
Dobson Keegan
Seller's Agent
Darson Grantham
Keller Williams Realty GDM
Buyer's Agent
Brett Opdahl
RE/MAX Precision
List Price
$240,000
Sold Price
$220,000
Premium/Discount to List
-$20,000
-8.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
2.9%
Mortgage Type
FHA
Purchase Details
Listed on
Sep 23, 2019
Closed on
Jan 30, 2020
Sold by
Home Solutions Investments Llc
Bought by
Ten 91 Llc
Seller's Agent
Holly Taylor
RE/MAX Precision
Buyer's Agent
Brandy Laiblin
RE/MAX Revolution
List Price
$174,000
Sold Price
$160,000
Premium/Discount to List
-$14,000
-8.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.56%
Original Mortgage
$120,000
Interest Rate
3.74%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Feb 23, 2011
Sold by
Berlin Edward W
Bought by
Home Solutions 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
$99,000
Interest Rate
4.78%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Nov 22, 2005
Sold by
Berlin Ed
Bought by
Jones Nate and Jones Joanna
Purchase Details
Closed on
Feb 27, 2004
Sold by
Rottler Steven
Bought by
Berlin Edward W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.74%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 8, 2001
Sold by
Bruce Glauberg Inc
Bought by
Joan Dee Rottler Family Trust
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 | $243,000 | -- | |
| Sheriffs Deed | $150,500 | None Listed On Document | |
| Warranty Deed | $220,000 | None Available | |
| Warranty Deed | $160,000 | None Available | |
| Warranty Deed | $74,500 | Itc | |
| Contract Of Sale | $95,000 | -- | |
| Warranty Deed | $94,500 | Itc | |
| Warranty Deed | $42,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $220,000 | FHA | |
| Previous Owner | $220,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $120,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $99,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $90,000 | Commercial | |
| Closed | $0 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/03/2023 04/03/23 | Sold | $243,000 | -11.6% | $63 / Sq Ft |
| 01/18/2023 01/18/23 | Pending | -- | -- | -- |
| 10/14/2022 10/14/22 | For Sale | $275,000 | +25.0% | $71 / Sq Ft |
| 07/12/2021 07/12/21 | Sold | $220,000 | -2.2% | $57 / Sq Ft |
| 06/30/2021 06/30/21 | Pending | -- | -- | -- |
| 06/01/2021 06/01/21 | Price Changed | $225,000 | -2.2% | $58 / Sq Ft |
| 04/23/2021 04/23/21 | Price Changed | $230,000 | -4.2% | $59 / Sq Ft |
| 02/01/2021 02/01/21 | For Sale | $240,000 | +50.0% | $62 / Sq Ft |
| 01/31/2020 01/31/20 | Sold | $160,000 | -8.0% | $41 / Sq Ft |
| 01/31/2020 01/31/20 | Pending | -- | -- | -- |
| 09/23/2019 09/23/19 | For Sale | $174,000 | -- | $45 / 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 | $4,250 | $216,000 | $22,400 | $193,600 |
| 2023 | $4,148 | $216,000 | $22,400 | $193,600 |
| 2022 | $5,706 | $176,000 | $18,800 | $157,200 |
| 2021 | $4,300 | $176,000 | $18,800 | $157,200 |
| 2020 | $4,830 | $144,000 | $17,100 | $126,900 |
| 2019 | $4,250 | $144,000 | $17,100 | $126,900 |
| 2018 | $4,520 | $120,000 | $17,100 | $102,900 |
| 2017 | $4,232 | $120,000 | $17,100 | $102,900 |
| 2016 | $4,412 | $108,000 | $14,000 | $94,000 |
| 2015 | $4,412 | $108,000 | $14,000 | $94,000 |
| 2014 | $4,316 | $96,500 | $14,000 | $82,500 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2023
Michael Slavin
RE/MAX
(515) 491-4319
5 in this area
583 Total Sales
-
Buyer's Agent in 2023
Lacey Halupnick
RE/MAX
(515) 661-7620
10 in this area
57 Total Sales
-
Seller's Agent in 2021
Darson Grantham
Keller Williams Realty GDM
(641) 745-0156
22 in this area
205 Total Sales
-
Seller's Agent in 2020
Holly Taylor
RE/MAX
(515) 883-0789
3 in this area
67 Total Sales
-
Buyer's Agent in 2020
Brandy Laiblin
RE/MAX
(515) 290-2298
1 in this area
143 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 621566
APN: 030-01430000000
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