1132 23rd St Des Moines, IA 50311
Drake NeighborhoodEstimated Value: $198,000
--
Bed
2
Baths
2,228
Sq Ft
$89/Sq Ft
Est. Value
Highlights
- 2 Kitchens
- Laundry Room
- Forced Air Heating and Cooling System
- No HOA
- Storage
- 3-minute walk to Drake Park
About This Home
As of March 2024Unlock the potential of this prime investment opportunity nestled in the desirable Drake Neighborhood. This spacious 2-unit offers generous living space and large bedrooms. One unit has three bedrooms with a newer mini-split system in 3rd bedroom for enhanced comfort. Also features enclosed front porch, maintenance-free siding, new roof and gutters in 2019, and separate gas and electric. Basement can be accessed from both units and provides laundry hooks ups and extra storage. Seize this chance to elevate your portfolio with this income-generating gem, just awaiting your personal touch. Schedule a showing today and envision the lucrative returns awaiting you! Current rental certificate.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,954
Year Built
- Built in 1905
Lot Details
- 6,400 Sq Ft Lot
- Lot Dimensions are 40x160
Parking
- 1 Car Attached Garage
Home Design
- Brick Foundation
- Asphalt Shingled Roof
- Metal Siding
Interior Spaces
- 2,228 Sq Ft Home
- 2-Story Property
- Storage
- Carpet
- Unfinished Basement
Kitchen
- 2 Kitchens
- Stove
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 03001485000000
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Gross Income $1,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 7, 2024
Closed on
Mar 26, 2024
Sold by
Erin Investments Llc
Bought by
Lopez Cole and Guerra Lia
Seller's Agent
Michael Counts
RE/MAX Revolution
Buyer's Agent
Jordon Vivanh
RE/MAX Concepts
List Price
$225,000
Sold Price
$210,000
Premium/Discount to List
-$15,000
-6.67%
Views
4
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
-$12,000
Avg. Annual Appreciation
-3.50%
Purchase Details
Closed on
Dec 29, 2009
Sold by
Wells Fargo Bank National Association
Bought by
Erin 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
$75,000
Interest Rate
4.78%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 27, 2007
Sold by
Nevitt Properties Llc
Bought by
Nevitt Drake Properties Llc
Purchase Details
Closed on
Aug 23, 2006
Sold by
Nevitt Thomas Scott and Nevitt Mitzi Marie
Bought by
Nevitt Properties Llc
Purchase Details
Closed on
Dec 23, 2004
Sold by
Wells Fargo Bank Na
Bought by
Hud
Purchase Details
Closed on
Dec 9, 2004
Sold by
Mourwal Tong and Makuac Martha
Bought by
Wells Fargo Bank Na
Purchase Details
Closed on
Apr 2, 2001
Sold by
Rubicam Margaret M
Bought by
Mourwal Tong and Makuac Martha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,325
Interest Rate
7.02%
Mortgage Type
FHA
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 |
|---|---|---|---|
| Lopez Cole | $210,000 | None Listed On Document | |
| Erin Investments Llc | $39,500 | None Available | |
| Nevitt Drake Properties Llc | -- | None Available | |
| Nevitt Properties Llc | -- | None Available | |
| Hud | $97,000 | -- | |
| Wells Fargo Bank Na | $97,069 | -- | |
| Mourwal Tong | $85,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Erin Investments Llc | $134,717 | |
| Previous Owner | Erin Investments Llc | $75,000 | |
| Previous Owner | Nevitt Jeffrey T | $83,250 | |
| Previous Owner | Palazzo Anthony | $42,400 | |
| Previous Owner | Mourwal Tong | $85,325 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2024 03/28/24 | Sold | $210,000 | -6.7% | $94 / Sq Ft |
| 03/09/2024 03/09/24 | Pending | -- | -- | -- |
| 03/07/2024 03/07/24 | For Sale | $225,000 | -- | $101 / 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 | $3,240 | $164,700 | $22,300 | $142,400 |
| 2023 | $2,954 | $164,700 | $22,300 | $142,400 |
| 2022 | $2,930 | $125,300 | $18,000 | $107,300 |
| 2021 | $2,750 | $125,300 | $18,000 | $107,300 |
| 2020 | $2,856 | $110,200 | $16,000 | $94,200 |
| 2019 | $2,848 | $110,200 | $16,000 | $94,200 |
| 2018 | $2,820 | $106,000 | $11,800 | $94,200 |
| 2017 | $2,624 | $106,000 | $11,800 | $94,200 |
| 2016 | $2,556 | $97,000 | $10,700 | $86,300 |
| 2015 | $2,556 | $97,000 | $10,700 | $86,300 |
| 2014 | $2,822 | $106,200 | $9,900 | $96,300 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Counts
Seller's Agent in 2024
Michael Counts
RE/MAX Revolution
(515) 771-6453
3 in this area
97 Total Sales
-
Jordon Vivanh
J
Buyer's Agent in 2024
Jordon Vivanh
RE/MAX
(515) 865-1876
3 in this area
61 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 690622
APN: 030-01485000000
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