1123 24th St Des Moines, IA 50311
Drake Neighborhood
--
Bed
4
Baths
2,428
Sq Ft
6,400
Sq Ft Lot
Highlights
- 4 Kitchens
- Laundry Room
- Baseboard Heating
- No HOA
- Forced Air Heating System
- 2-minute walk to Drake Park
About This Home
As of August 2024This property had a complete overhaul in 2022, completely gutting all units and replacing everything inside and out. All new separated heat, electric and plumbing. All new Mechanicals, New siding, windows, roof, porch. Everything!
Property has security system in place. Coin-op laundry in basement common area.
Also a storage space that could be tapped for even more income.
All units currently occupied and cashflowing.
Building is 3 blocks from Drake University campus. Blocks from many restaurants and entertainment, making this site incredibly walkable. 5 blocks from Interstate 235 and about a mile from downtown.
Directly in the center of the metro, making commuting anywhere a breeze. Plenty of off -street parking for tenants.
Drake University area boasts a large Graduate Student population with obvious benefits, but the Drake neighborhood pulls tenants from much more than just the University. Location so close to downtown, close to Interstate and amazing walkability.
Value Add: Room to increase rents, add basement storage, allow pets for additional income.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,103
Year Built
- Built in 1904
Lot Details
- 6,400 Sq Ft Lot
- Lot Dimensions are 40x160
Home Design
- 2,428 Sq Ft Home
- Brick Foundation
- Asphalt Shingled Roof
- Cement Board or Planked
Kitchen
- 4 Kitchens
- Stove
- Dishwasher
Bedrooms and Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Baseboard Heating
Additional Features
- Unfinished Basement
Listing and Financial Details
- Assessor Parcel Number 03001471000000
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $10,920
- Gross Income $38,340
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2024
Closed on
Aug 28, 2024
Sold by
Pickle Properties Dsm 24Th St Llc
Bought by
Fickle Brad
Seller's Agent
Elizabeth Keller
CHASE Collective
Buyer's Agent
Misty Darling
BH&G Real Estate Innovations
List Price
$405,000
Sold Price
$405,000
Views
1
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
$147
Avg. Annual Appreciation
-1.22%
Original Mortgage
$303,750
Outstanding Balance
$301,628
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$99,021
Purchase Details
Listed on
Jun 22, 2020
Closed on
Oct 29, 2020
Sold by
Ingvall Eric
Bought by
Rockstreet Properties Llc
Seller's Agent
George Archer
RE/MAX Concepts
Buyer's Agent
Kenneth Kauzlarich
RE/MAX Precision
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.61%
Purchase Details
Listed on
Jun 22, 2020
Closed on
Sep 15, 2020
Sold by
Ra Property Investments Llc
Bought by
Ingvall Eric
Seller's Agent
George Archer
RE/MAX Concepts
Buyer's Agent
Kenneth Kauzlarich
RE/MAX Precision
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Purchase Details
Closed on
Jan 23, 2020
Sold by
Andreini Randy and Andreini Cindy
Bought by
Ra Property Investments Llc
Purchase Details
Closed on
Jan 30, 1998
Sold by
Pasutti Richard D and Pasutti Regis M
Bought by
Andreini Randy A
Purchase Details
Closed on
Dec 23, 1997
Sold by
Davidson Judd D
Bought by
Pasutti Richard D
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $405,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $145,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $12,000 | -- | |
| Warranty Deed | $7,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $303,750 | New Conventional | |
| Previous Owner | $79,623 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2024 08/30/24 | Sold | $405,000 | 0.0% | $167 / Sq Ft |
| 08/28/2024 08/28/24 | Sold | $405,000 | 0.0% | $167 / Sq Ft |
| 08/06/2024 08/06/24 | Pending | -- | -- | -- |
| 08/01/2024 08/01/24 | For Sale | $405,000 | 0.0% | $167 / Sq Ft |
| 07/31/2024 07/31/24 | Off Market | $405,000 | -- | -- |
| 01/15/2024 01/15/24 | For Sale | $405,000 | +4.4% | $167 / Sq Ft |
| 04/27/2022 04/27/22 | Sold | $388,000 | 0.0% | $160 / Sq Ft |
| 04/27/2022 04/27/22 | Pending | -- | -- | -- |
| 04/27/2022 04/27/22 | For Sale | $388,000 | +167.6% | $160 / Sq Ft |
| 09/14/2020 09/14/20 | Sold | $145,000 | -3.3% | $60 / Sq Ft |
| 07/24/2020 07/24/20 | Pending | -- | -- | -- |
| 06/22/2020 06/22/20 | For Sale | $150,000 | -- | $62 / 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 | $4,742 | $241,000 | $12,900 | $228,100 |
| 2023 | $4,620 | $241,000 | $12,900 | $228,100 |
| 2022 | $5,398 | $196,000 | $10,800 | $185,200 |
| 2021 | $5,713 | $196,000 | $10,800 | $185,200 |
| 2020 | $6,113 | $161,000 | $9,800 | $151,200 |
| 2019 | $4,956 | $161,000 | $9,800 | $151,200 |
| 2018 | $5,048 | $134,000 | $9,800 | $124,200 |
| 2017 | $5,686 | $134,000 | $9,800 | $124,200 |
| 2016 | $4,944 | $121,000 | $8,000 | $113,000 |
| 2015 | $4,944 | $121,000 | $8,000 | $113,000 |
| 2014 | $4,920 | $108,000 | $8,000 | $100,000 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Keller
Seller's Agent in 2024
Elizabeth Keller
CHASE Collective
(515) 423-5607
16 in this area
304 Total Sales
-
Misty Darling
Buyer's Agent in 2024
Misty Darling
BH&G Real Estate Innovations
(515) 414-0059
20 in this area
1,886 Total Sales
-
OUTSIDE AGENT
O
Seller's Agent in 2022
OUTSIDE AGENT
OTHER
32 in this area
5,754 Total Sales
-
Liz Prue
Buyer's Agent in 2022
Liz Prue
RE/MAX
(515) 423-5607
7 in this area
179 Total Sales
-
George Archer
Seller's Agent in 2020
George Archer
RE/MAX
(515) 208-5068
3 in this area
110 Total Sales
-
Kenneth Kauzlarich
Buyer's Agent in 2020
Kenneth Kauzlarich
RE/MAX
(515) 402-0769
9 in this area
671 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 700236
APN: 030-01471000000
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