1118 23rd St Des Moines, IA 50311
Drake NeighborhoodEstimated Value: $142,357 - $160,000
--
Bed
1
Bath
1,874
Sq Ft
$81/Sq Ft
Est. Value
Highlights
- 2 Kitchens
- Laundry Room
- 2-minute walk to Drake Park
- No HOA
- Forced Air Heating System
About This Home
As of September 2022Looking for a great investment property? Look no further than this two-story duplex. Located in the up-and-coming Drake University neighborhood, this property would make a great owner-occupied home with a tenant paying part of your mortgage. Or keep both units rented and make an excellent return as an investor. At this price, this property won't last long. Please call for a showing today!
• House was converted to a duplex.
• Each unit is 2BR, 1BA and rents for $650.
• Rental certificate is good through October 15, 2023.
• Electricity and gas are paid by the tenants.
• Property has one water meter. The monthly water bill is split 50/50 between tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,117
Year Built
- Built in 1908
Lot Details
- 6,400 Sq Ft Lot
- Lot Dimensions are 40x160
Home Design
- Brick Foundation
- Asphalt Shingled Roof
Interior Spaces
- 1 Full Bathroom
- 1,874 Sq Ft Home
- 2-Story Property
- Laundry Room
- Unfinished Basement
Kitchen
- 2 Kitchens
- Stove
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number 03001489000000
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Gross Income $1,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 20, 2022
Closed on
Sep 1, 2022
Sold by
Williams St Llc
Bought by
Bradley Lauren M
Seller's Agent
Sonja Winter
Keller Williams Realty GDM
Buyer's Agent
Darson Grantham
Keller Williams Realty GDM
List Price
$129,999
Sold Price
$129,999
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
$21,180
Avg. Annual Appreciation
5.54%
Original Mortgage
$123,499
Outstanding Balance
$118,708
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$32,471
Purchase Details
Listed on
Apr 16, 2014
Closed on
Jul 2, 2014
Sold by
New Life Center
Bought by
Lane Investments Llc
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Stephanie Dart
RE/MAX Concepts
List Price
$49,000
Sold Price
$23,000
Premium/Discount to List
-$26,000
-53.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.61%
Similar Homes in Des Moines, IA
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bradley Lauren M | $130,000 | -- | |
| Lane Investments Llc | $23,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bradley Lauren M | $123,499 | |
| Previous Owner | Williams St Llc | $470,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/01/2022 09/01/22 | Sold | $129,999 | 0.0% | $69 / Sq Ft |
| 08/10/2022 08/10/22 | Pending | -- | -- | -- |
| 07/27/2022 07/27/22 | For Sale | $129,999 | 0.0% | $69 / Sq Ft |
| 07/27/2022 07/27/22 | Pending | -- | -- | -- |
| 07/20/2022 07/20/22 | For Sale | $129,999 | +465.2% | $69 / Sq Ft |
| 07/02/2014 07/02/14 | Sold | $23,000 | -53.1% | $16 / Sq Ft |
| 06/06/2014 06/06/14 | Pending | -- | -- | -- |
| 04/16/2014 04/16/14 | For Sale | $49,000 | -- | $33 / 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 | $2,104 | $107,000 | $22,300 | $84,700 |
| 2023 | $1,958 | $107,000 | $22,300 | $84,700 |
| 2022 | $1,944 | $83,100 | $18,000 | $65,100 |
| 2021 | $1,826 | $83,100 | $18,000 | $65,100 |
| 2020 | $1,898 | $73,200 | $16,000 | $57,200 |
| 2019 | $1,854 | $73,200 | $16,000 | $57,200 |
| 2018 | $1,836 | $69,000 | $11,800 | $57,200 |
| 2017 | $1,694 | $69,000 | $11,800 | $57,200 |
| 2016 | $1,650 | $62,600 | $10,700 | $51,900 |
| 2015 | $1,650 | $62,600 | $10,700 | $51,900 |
| 2014 | $1,552 | $58,400 | $9,900 | $48,500 |
Source: Public Records
Agents Affiliated with this Home
-
Sonja Winter
S
Seller's Agent in 2022
Sonja Winter
Keller Williams Realty GDM
(515) 306-4854
1 in this area
23 Total Sales
-
Darson Grantham
Buyer's Agent in 2022
Darson Grantham
Keller Williams Realty GDM
(641) 745-0156
21 in this area
200 Total Sales
-
Pennie Carroll
Seller's Agent in 2014
Pennie Carroll
Pennie Carroll & Associates
(515) 490-8025
17 in this area
1,295 Total Sales
-
Stephanie Dart
Buyer's Agent in 2014
Stephanie Dart
RE/MAX
(641) 521-6044
150 Total Sales
-
Shane Torres
Buyer Co-Listing Agent in 2014
Shane Torres
RE/MAX
(515) 984-0222
4 in this area
670 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 656624
APN: 030-01489000000
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