NOT LISTED FOR SALE

Estimated Value: $231,000 - $282,689

-- Bed
2 Baths
2,066 Sq Ft
$124/Sq Ft Est. Value

Last Sold November 02, 2022

Last sale price $240,000 $116 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,522/month

12 Days on Market

Highlights

  • 2 Kitchens
  • Laundry Room
  • Carpet
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of November 2022

Here’s a great investment opportunity with this attractive two-story duplex that was completely renovated in 2020. TAX ABATEMENT UNTIL 2030! Exterior updates include siding, roof, windows, and decking. The interior was replaced from the studs out including drywall, plumbing, mechanicals, wiring, cabinets, trim, and flooring. The 1st-floor unit is 3BR/1BA and the 2nd-floor unit is 2BR/1BA. Both apartments have a modern look and feature high ceilings, large living rooms, eat-in kitchens, and laundry areas. This home is all electric with separate meters. There’s a backyard, covered front/back porches, and plenty of parking off the paved alleyway.

Last Listed By

David Charlson

PROmetro Realty Listed on: 08/24/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $778

Year Built

  • Built in 1892

Lot Details

  • 6,600 Sq Ft Lot
  • Lot Dimensions are 50x132

Parking

  • Gravel Driveway

Home Design

  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,066 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Kitchen

  • 2 Kitchens
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Laundry on main level

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 07004268000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$778

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 120.52
  • Sp Amt Sq Ft: 116.17
  • Termite: Call Listing Agent
  • Year Built: 1892
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Dishwashers: 1
  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: 1st Flr Laundry, 2nd Flr Laundry, Carpeting, Vinyl Floors
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 1
  • Third Floor Full Bathrooms: 1
  • Basement Description: Crawl Space
  • Kitchens: 2
  • Laundry: Yes
  • Included Items: Dishwasher, Microwave, Refrigerator, Stove
  • Living Area Sq Ft: 2066
  • Total Sq Ft: 2066

Exterior Features

  • Exterior: Vinyl Siding
  • Roof: Asphalt Shingle
  • Sidewalk: y
  • Street Feature: Concrete
  • Trim: Paint

Garage/Parking

  • Driveway: Gravel
  • Off Street Parking: Yes

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Electric Forced Air
  • Separate Meters: y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1520
  • Lot S F: 6600
  • Lot Shape: Regular
  • Lot Size: 50X132
  • Assessor Parcel Number: 07004268000000
  • Zoning: NX1

Rental Info

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

Tax Info

  • Gross Taxes: 778.00
  • Net Taxes: 778.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2022
Closed on
Oct 27, 2022
Sold by
Vargha Alyssa P and Vargha Stephen C
Bought by
Romero-Aldana Dolores G
Seller's Agent
David Charlson
PROmetro Realty
Buyer's Agent
York Taenzer
Iowa Realty Mills Crossing
List Price
$249,000
Sold Price
$240,000
Premium/Discount to List
-$9,000
-3.61%
Total Days on Market
12
Views
9
Current Estimated Value
$256,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,845
Avg. Annual Appreciation
2.94%
Original Mortgage
$216,000
Outstanding Balance
$208,659
Interest Rate
5.48%
Mortgage Type
New Conventional
Estimated Equity
$49,772

Purchase Details

Listed on
May 29, 2020
Closed on
Jul 24, 2020
Sold by
Coluzzi Construction Llc
Bought by
Vargha Alyssa P and Havig Stephen C
Seller's Agent
Samantha Hartley-Bullen
RE/MAX Results
Buyer's Agent
Rachelle Cochran
EXP Realty, LLC
List Price
$205,000
Sold Price
$205,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.36%
Original Mortgage
$174,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2019
Closed on
Aug 15, 2019
Sold by
Alexander Lavonne
Bought by
Coluzzi Construction Llc
Seller's Agent
Brandy Laiblin
RE/MAX Revolution
Buyer's Agent
Jennifer Echterling-Lambert
Real Broker, LLC
List Price
$20,000
Sold Price
$20,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
949.38%

Purchase Details

Closed on
Nov 6, 2003
Sold by
Graham Robert L and Graham Ethel Jean
Bought by
Alexander Lavonne

Purchase Details

Closed on
Mar 30, 1998
Sold by
Murrow Cupha
Bought by
Alexander Lavonne

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Similar Homes in Des Moines, IA

  • 1527 Forest Ave, Des Moines, IA 50314

    $249,000

    • Studio
    • 2 Baths
    • 3,729 Sq Ft
    • 1527 Forest Ave
    • Des Moines, IA

    Turnkey duplex opportunity at 1527 Forest Ave in Des Moines—perfect for investors! This solid brick and stucco property features two spacious 2-bed/1-bath units, both with original hardwood floors, updated electrical, and composite windows. Recent exterior upgrades include a brand-new roof, soffit, gutters, and fascia. Located directly across from a park on a corner lot, the property offers

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 1513 Des Moines St, Des Moines, IA 50316

    $230,000

    • Studio
    • 3 Baths
    • 2,806 Sq Ft
    • 1513 Des Moines St
    • Des Moines, IA

    Welcome to 1513 Des Moines Street, a prime multi-unit investment property in the heart of Des Moines. This 3-unit multiplex presents an excellent opportunity for investors seeking immediate rental income with built-in occupancy. Two of the three units are already filled, providing steady cash flow from day one. The property offers three distinct rental units, each with its own full bathroom. The

    Darson Grantham Keller Williams Realty GDM

    Section Image
  • 4025 54th St, Des Moines, IA 50310

    $260,000

    • Studio
    • 2 Baths
    • 1,358 Sq Ft
    • 4025 54th St
    • Des Moines, IA

    4025 54th St is a rock-solid duplex that makes sense from every angle—whether you're a first-time house hacker or a seasoned investor looking to expand your portfolio. With both units currently vacant, you're free to move in and offset your mortgage with rental income, or lease out both sides at market rent with zero downtime. The property includes an upper 3-bedroom, 1-bath unit and a lower

    Darson Grantham Keller Williams Realty GDM

    Section Image
  • 2900 High St, Des Moines, IA 50312

    $285,000

    • Studio
    • 2 Baths
    • 3,146 Sq Ft
    • 2900 High St
    • Des Moines, IA

    Fantastic income-producing duplex just one block from Ingersoll Avenue! This well-maintained property features two spacious units, large kitchens with dining areas, and bright, open living spaces. There are separate laundry units in the basement for each unit. Recent updates include a new roof (2022), foundation repair (2023), electrical panels have been upgraded to 200 A service and the wiring

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 2400 SE 8th St, Des Moines, IA 50315

    $259,000

    • Studio
    • 3 Baths
    • 2,140 Sq Ft
    • 2400 SE 8th St
    • Des Moines, IA

    Investor opportunity in the heart of Des Moines! Located at 2400 SE 8th St, this multi-family property offers strong rental potential with three separate units—two 1-bed/1-bath units and one 2-bed/1-bath unit—spread across 2,140 sq ft of living space. The property has a masonry foundation, an unfinished basement for additional storage, and off-street parking potential. With each unit already

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 1208 West St, Des Moines, IA 50315

    $245,000

    • Studio
    • 3 Baths
    • 1,876 Sq Ft
    • 1208 West St
    • Des Moines, IA

    This is a great turnkey rental property. Consists of a 964 sqft 2 bedroom raised ranch home with afinishable 3rd bedroom in the basement and a duplex each side consists of 1 bed 1 bath units. The single-family home does have a full basement with separate furnaces and a very nice two-car garage! Total rentis 2600 and Landlord pays for utilities. Both of the properties have a newer roof

    Darson Grantham Keller Williams Realty GDM

    Section Image
  • 1608 Mondamin Ave, Des Moines, IA 50314

    $245,000

    • Studio
    • 2 Baths
    • 1,056 Sq Ft
    • 1608 Mondamin Ave
    • Des Moines, IA

    Newly updated Duplex. I bed 1 bath on each side. With 2 non conforming bedrooms and living space in the basement. New roof, siding, gutters, mechanicals, plumbing and electrical in basement. Permits pulled so home could be eligible for a tax abatement. Call the city of Des Moines for the details. Yard is fully fenced. Driveways for parking off street as well.

    Joanne May RE/MAX Revolution

    Section Image
  • 5435 NW 4th Ct, Des Moines, IA 50313

    $269,900

    • Studio
    • 2 Baths
    • 1,950 Sq Ft
    • 5435 NW 4th Ct
    • Des Moines, IA

    Discover the perfect investment opportunity or owner-occupied residence with this 2 story top-bottom duplex ideally situated just off of 2nd Ave with convenient interstate access. The bottom unit is currently occupied: 2 BR, 1 BA rents at $1,100.00/mo. The upper unit is unoccupied: 3BR, 1 BA previously rented for $1,110.00/mo. Separate meters with tenants paying for gas, electric and water. Each

    Derek Eisenberg Continental Real Estate Group

    Section Image
  • 4217 Clinton Ave, Des Moines, IA 50310

    $275,000

    • Studio
    • 2 Baths
    • 1,998 Sq Ft
    • 4217 Clinton Ave
    • Des Moines, IA

    All-brick two-story duplex in a prime location on the edge of Beaverdale! Each side features two spacious bedrooms and one full bath, offering a fantastic investment or owner-occupant opportunity. The property includes washer and dryer hookups, an unfinished basement for storage or future expansion, and a detached two-car garage. Enjoy both a fenced-in front yard and a fenced backyard—ideal for

    Scott Wendl RE/MAX Precision

    Section Image

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
Romero-Aldana Dolores G $240,000 --
Vargha Alyssa P $205,000 None Available
Coluzzi Construction Llc $20,000 None Available
Alexander Lavonne $4,500 --
Alexander Lavonne $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romero-Aldana Dolores G $216,000
Previous Owner Vargha Alyssa P $174,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2022 11/02/22 Sold $240,000 -3.6% $116 / Sq Ft
09/05/2022 09/05/22 Pending -- -- --
08/24/2022 08/24/22 For Sale $249,000 +21.5% $121 / Sq Ft
08/14/2020 08/14/20 Sold $205,000 0.0% $99 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $205,000 +925.0% $99 / Sq Ft
08/20/2019 08/20/19 Sold $20,000 0.0% $10 / Sq Ft
07/23/2019 07/23/19 Pending -- -- --
04/02/2019 04/02/19 For Sale $20,000 -- $10 / 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 $1,088 $65,800 $22,800 $43,000
2023 $784 $203,600 $22,800 $180,800
2022 $778 $171,100 $19,300 $151,800
2021 $736 $171,100 $19,300 $151,800
2020 $2,512 $29,500 $17,200 $12,300
2019 $2,392 $96,900 $17,200 $79,700
2018 $2,368 $89,000 $15,700 $73,300
2017 $2,190 $89,000 $15,700 $73,300
2016 $2,605 $81,000 $14,100 $66,900
2015 $2,134 $81,000 $14,100 $66,900
2014 $2,112 $79,500 $13,800 $65,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 658763

Des Moines Area Association of REALTORS®

APN: 070-04268000000