NOT LISTED FOR SALE

Estimated Value: $278,000

-- Bed
8 Baths
3,145 Sq Ft
$88/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $270,000 $86 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,841/month

9 Days on Market

Highlights

  • 8 Kitchens
  • Laundry Room
  • Forced Air Heating System
  • No HOA
  • Storage
  • Baseboard Heating

About This Home

As of April 2024

Great investment property very close to Drake University with strong rental history. 8 total units, 6 studios and two 1 bedroom units. Current rental certificates, off street parking, and coin operated laundry on site. Good cash flow opportunity.

Last Agent to Sell the Property

Holly Taylor

RE/MAX Precision Listed on: 04/02/2024

RE/MAX Precision

Co-Listed By

Mike Taylor

RE/MAX Precision

Last Buyer's Agent

Eric Quiner

RE/MAX Precision

RE/MAX Precision

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,477

Year Built

  • Built in 1896

Lot Details

  • 5,760 Sq Ft Lot
  • Lot Dimensions are 48x120

Parking

  • Gravel Driveway

Home Design

  • Brick Foundation
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 8 Full Bathrooms
  • 3,145 Sq Ft Home
  • 2-Story Property
  • Storage
  • Fire and Smoke Detector
  • Unfinished Basement

Kitchen

  • 8 Kitchens
  • Stove

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 03001350000000

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Recreation

  • Snow Removal

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,477

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 92.18
  • Sp Amt Sq Ft: 85.85
  • Termite: Under Maintenance Contract - No Need for Inspection
  • Year Built: 1896
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 8
  • Stoves Total: 8
  • Interior Amenities: Carpeting, Smoke Detector, Vinyl Floors
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • First Floor Full Bathrooms: 2
  • Full Bathrooms: 6
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1166
  • Kitchens: 8
  • Laundry: Yes
  • Storage: Yes
  • Included Items: Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 3145
  • Total Sq Ft: 3145

Exterior Features

  • Exterior: Wood
  • Foundation: Brick
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Street Feature: Asphalt, Public Sidewalk
  • Trim: Paint

Garage/Parking

  • Driveway: Gravel
  • Off Street Parking: 5

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: See Remarks
  • Heat: Electric Baseboard, Gas Forced Air
  • Separate Meters: 7
  • Services: Exterior Maint./Bldg., Lawn Care, Snow Removal, Taxes, Trash Service

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1320
  • Lot S F: 5760
  • Lot Shape: Regular
  • Lot Size: 48X120
  • Assessor Parcel Number: 03001350000000
  • Zoning: N5

Rental Info

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

Tax Info

  • Gross Taxes: 4477.00
  • Net Taxes: 4477.00

Multi Family

  • Total Units: 8

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2024
Closed on
Apr 29, 2024
Sold by
Hecht-Gahman Diana J and Hecht Diana J
Bought by
Q Enterprises Llc
Seller's Agent
Holly Taylor
RE/MAX Precision
Buyer's Agent
Eric Quiner
RE/MAX Precision
List Price
$289,900
Sold Price
$270,000
Premium/Discount to List
-$19,900
-6.86%
Views
34
Current Estimated Value
$278,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,000
Avg. Annual Appreciation
2.09%

Purchase Details

Closed on
Nov 25, 2005
Sold by
M-S Services Inc
Bought by
Hecht Diana J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 18, 2005
Sold by
Us Bank Na
Bought by
Hecht Diana J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 2003
Sold by
Schwartz Systems Corp
Bought by
M S Services Inc

Purchase Details

Closed on
Jun 2, 2003
Sold by
Engman Josh R and Engman Sharon A
Bought by
Murtz Enterprises

Purchase Details

Closed on
Nov 25, 2002
Sold by
Schwartz Systems Corp
Bought by
Hecht Diana J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,720
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 3, 2002
Sold by
Murtz Enterprises
Bought by
Schwartz Systems Corp

Purchase Details

Closed on
Apr 1, 2002
Sold by
Koroch Donald E and Koroch Joyce F
Bought by
Engman Josh R and Engman Sharon A
Source: Public Records

Range of Values:

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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
Q Enterprises Llc $270,000 None Listed On Document
Hecht Diana J $68,500 --
Hecht Diana J -- None Available
M S Services Inc -- --
M S Services Inc -- --
Murtz Enterprises $55,500 --
Hecht Diana J $69,000 --
Schwartz Systems Corp -- --
Schwartz Systems Corp -- --
Engman Josh R $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hecht Diana J $70,000
Previous Owner Hecht Diana J $60,720
Closed Q Enterprises Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $270,000 -6.9% $86 / Sq Ft
04/11/2024 04/11/24 Pending -- -- --
04/02/2024 04/02/24 For Sale $289,900 -- $92 / 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 $4,406 $224,000 $14,000 $210,000
2023 $4,290 $224,000 $14,000 $210,000
2022 $5,014 $182,000 $11,700 $170,300
2021 $4,450 $182,000 $11,700 $170,300
2020 $4,998 $149,000 $10,700 $138,300
2019 $4,392 $149,000 $10,700 $138,300
2018 $4,670 $124,000 $10,700 $113,300
2017 $4,390 $124,000 $10,700 $113,300
2016 $4,576 $112,000 $9,000 $103,000
2015 $4,576 $112,000 $9,000 $103,000
2014 $4,270 $99,500 $9,000 $90,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 692337

Des Moines Area Association of REALTORS®

APN: 030-01350000000