NOT LISTED FOR SALE

1111 27th St Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $150,000 - $183,281

-- Bed
1 Bath
1,254 Sq Ft
$133/Sq Ft Est. Value

Last Sold November 15, 2013

Last sale price $49,900 $40 Per Sq Ft

Est. 234% increase in value since last sale

Current estimated payment $1,059/month

42 Days on Market

Highlights

  • 3 Kitchens
  • Bungalow
  • Forced Air Heating System

About This Home

As of November 2013

Great income property close to Drake. Newer roof & gutters, hardwood floors, off street parking. Three 1 BR units with separate, newer furnaces, separate gas meters and two of the apartments have separate electric meters. Water, sewer & trash paid by the landlord.

Last Agent to Sell the Property

Marva McCarty

RE/MAX Concepts Listed on: 10/04/2013

RE/MAX Concepts

Last Buyer's Agent

Mike Hickman

Iowa Realty Valley West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1893

Lot Details

  • 5,760 Sq Ft Lot
  • Lot Dimensions are 48 x 120

Home Design

  • Bungalow
  • Brick Foundation
  • Metal Siding

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Additional Features

  • 3 Kitchens
  • 1 Bathroom
  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 03001366000000

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $400
  • Gross Income $1,050

Property Details

Home Type

Multi-Family

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Bungalow
  • Lp Amt Sq Ft: 9.00
  • Sp Amt Sq Ft: 9.00
  • Year Built: 1893
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 1.00
  • Partial Bath Total: 1
  • Full Bathrooms: 2
  • Basement Description: Unfinished
  • Kitchens: 3
  • Laundry: No
  • Storage: No
  • Partial Bathrooms: 1

Exterior Features

  • Exterior: Metal Siding
  • Foundation: Brick
  • Paved: No
  • Sidewalk: 1

Garage/Parking

  • Off Street Parking: 4

Utilities

  • Air Conditioner: Window Unit
  • Heat: Gas Forced Air
  • Separate Meters: 1

Condo/Co-op/Association

  • Manager: No

Fee Information

  • Total Expense: 400

Lot Info

  • Acres: 0.1320
  • Qualifier Acres: More or Less
  • Lot S F: 5760
  • Lot Size: 48 x 120
  • Assessor Parcel Number: 03001366000000
  • Zoning: R1-60

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Insurance Landlord, Misc Exp Landlord, Water Landlord

Tax Info

  • Gross Taxes: 2322.00
  • Net Taxes: 2322.00
  • Assessor Parcel Number: 111127THSTPOLKDESMOINE50311
  • Tax Year: 2012

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2021
Sold by
Demarco Mary D and Demarco Frank J
Bought by
Olympic Capital Llc
Current Estimated Value
$166,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Outstanding Balance
$120,208
Interest Rate
2.86%
Estimated Equity
$46,433

Purchase Details

Closed on
Jul 30, 2015
Sold by
Demarco Frank J
Bought by
Demarco Mary D

Purchase Details

Listed on
Oct 4, 2013
Closed on
Nov 13, 2013
Sold by
Starch Mary Beth and Starch Cyrus
Bought by
Demarco Frank J and Demarco Mary D
Seller's Agent
Marva McCarty
RE/MAX Concepts
Buyer's Agent
Mike Hickman
Iowa Realty Valley West
List Price
$49,900
Sold Price
$49,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.52%

Purchase Details

Closed on
Sep 4, 1997
Sold by
Dickerson Hollis W and Dickerson Orpha Madge
Bought by
Starch Mary Beth and Jansen Mary Beth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Olympic Capital Llc $152,000 None Available
Demarco Mary D -- Attorney
Demarco Frank J $50,000 None Available
Starch Mary Beth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olympic Capital Llc $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2013 11/15/13 Sold $49,900 0.0% $40 / Sq Ft
11/15/2013 11/15/13 Pending -- -- --
10/04/2013 10/04/13 For Sale $49,900 -- $40 / 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
2025 $2,184 $120,000 $16,700 $103,300
2024 $2,184 $111,000 $14,600 $96,400
2023 $2,128 $111,000 $14,600 $96,400
2022 $2,488 $90,300 $12,200 $78,100
2021 $2,210 $90,300 $12,200 $78,100
2020 $2,482 $74,000 $11,100 $62,900
2019 $2,178 $74,000 $11,100 $62,900
2018 $2,316 $61,500 $11,100 $50,400
2017 $2,174 $61,500 $11,100 $50,400
2016 $2,268 $55,500 $9,300 $46,200
2015 $2,268 $55,500 $9,300 $46,200
2014 $2,124 $49,500 $9,300 $40,200
Source: Public Records

Agents Affiliated with this Home

  • Marva McCarty

    Seller's Agent in 2013

    Marva McCarty

    RE/MAX

    (515) 491-0107

    35 Total Sales

    Marva McCarty
    Section Image

  • M

    Buyer's Agent in 2013

    Mike Hickman

    Iowa Realty Valley West

See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 425707

Des Moines Area Association of REALTORS®

APN: 030-01366000000

Iowa Polk County Des Moines 50311 Drake

1111 27th St, Des Moines, IA

Not Listed for Sale

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