1148 23rd St Des Moines, IA 50311
Drake Neighborhood
--
Bed
3
Baths
2,514
Sq Ft
6,288
Sq Ft Lot
Highlights
- 3 Kitchens
- Hot Water Heating System
- 5-minute walk to Drake Park
- No HOA
About This Home
As of October 2024Don't miss out on this 3 unit investment property with close proximity to Drake and downtown Des Moines. This 3 story duplex currently has the 1st and 2nd floor rented which bring in $1200 a month combined. The 3rd floor is currently vacant but ready to be rented. Both tenants have occupied the property for a number of years with one tenant living in the unit for 20 years.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,817
Year Built
- Built in 1908
Lot Details
- 6,288 Sq Ft Lot
- Lot Dimensions are 160x39
Home Design
- Block Foundation
- Metal Siding
Interior Spaces
- 2,514 Sq Ft Home
- 3-Story Property
- 3 Kitchens
- Unfinished Basement
Utilities
- Window Unit Cooling System
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 03001481000000
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $400
- Gross Income $1,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 19, 2024
Closed on
Sep 30, 2024
Sold by
Taylor Mark and Taylor Kathryn
Bought by
Baker Tyler
Seller's Agent
Devon Green
RE/MAX Concepts
Buyer's Agent
Kelley Kinser
CDM Real Estate Services
List Price
$170,000
Sold Price
$140,050
Premium/Discount to List
-$29,950
-17.62%
Views
35
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
-$2,986
Avg. Annual Appreciation
-3.03%
Purchase Details
Listed on
Mar 6, 2012
Closed on
Feb 27, 2013
Sold by
Bvi Real Estate Llc
Bought by
Taylor Mark
Seller's Agent
Andrew Westlake
Peoples Company
Buyer's Agent
Kelly Schall
Realty ONE Group Impact
List Price
$75,900
Sold Price
$64,000
Premium/Discount to List
-$11,900
-15.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.02%
Original Mortgage
$48,000
Interest Rate
3.48%
Mortgage Type
Commercial
Purchase Details
Closed on
May 9, 2007
Sold by
Smith Kevin M and Smith Jill K
Bought by
Critelli Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
6.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 26, 2004
Sold by
New Life Center
Bought by
Smith Kevin M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,470
Interest Rate
5.46%
Mortgage Type
Commercial
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 | $140,500 | None Listed On Document | |
| Warranty Deed | $64,000 | None Available | |
| Warranty Deed | $74,500 | None Available | |
| Corporate Deed | $68,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $48,000 | Commercial | |
| Previous Owner | $63,750 | Commercial | |
| Previous Owner | $61,470 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/09/2024 10/09/24 | Sold | $140,050 | -3.4% | $56 / Sq Ft |
| 08/26/2024 08/26/24 | Pending | -- | -- | -- |
| 08/05/2024 08/05/24 | Price Changed | $145,000 | -6.5% | $58 / Sq Ft |
| 07/24/2024 07/24/24 | Price Changed | $155,000 | -8.8% | $62 / Sq Ft |
| 07/19/2024 07/19/24 | For Sale | $170,000 | +165.6% | $68 / Sq Ft |
| 03/29/2013 03/29/13 | Sold | $64,000 | -15.7% | $25 / Sq Ft |
| 03/01/2013 03/01/13 | Pending | -- | -- | -- |
| 03/06/2012 03/06/12 | For Sale | $75,900 | -- | $30 / 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 | $2,774 | $141,000 | $11,300 | $129,700 |
| 2023 | $2,710 | $141,000 | $11,300 | $129,700 |
| 2022 | $3,168 | $115,000 | $9,500 | $105,500 |
| 2021 | $2,804 | $115,000 | $9,500 | $105,500 |
| 2020 | $3,150 | $93,900 | $8,600 | $85,300 |
| 2019 | $2,762 | $93,900 | $8,600 | $85,300 |
| 2018 | $2,938 | $78,000 | $8,600 | $69,400 |
| 2017 | $2,762 | $78,000 | $8,600 | $69,400 |
| 2016 | $2,880 | $70,500 | $7,000 | $63,500 |
| 2015 | $2,880 | $70,500 | $7,000 | $63,500 |
| 2014 | $2,794 | $62,500 | $7,000 | $55,500 |
Source: Public Records
Agents Affiliated with this Home
-
Devon Green
Seller's Agent in 2024
Devon Green
RE/MAX
(515) 269-2984
1 in this area
43 Total Sales
-
Kelley Kinser
Buyer's Agent in 2024
Kelley Kinser
CDM Real Estate Services
(515) 729-8905
2 in this area
40 Total Sales
-
Gabriel Kinser
Buyer Co-Listing Agent in 2024
Gabriel Kinser
CDM Real Estate Services
(515) 729-8929
1 in this area
18 Total Sales
-
Andrew Westlake
Seller's Agent in 2013
Andrew Westlake
Peoples Company
(515) 771-7588
6 Total Sales
-
Bradley VanWeelden
B
Seller Co-Listing Agent in 2013
Bradley VanWeelden
Peoples Company
(515) 745-4079
6 Total Sales
-
Kelly Schall
Buyer's Agent in 2013
Kelly Schall
Realty ONE Group Impact
(515) 250-2133
2 in this area
173 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 699492
APN: 030-01481000000
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