1159 22nd St Des Moines, IA 50311
Drake NeighborhoodEstimated Value: $163,000 - $172,956
--
Bed
2
Baths
2,895
Sq Ft
$58/Sq Ft
Est. Value
Highlights
- 4 Kitchens
- No HOA
- Baseboard Heating
- Wood Flooring
About This Home
As of January 2022Great investment opportunity, priced accordingly for you to rent the way it is or make updates to improve. Conveniently located near Drake University with quick access to the interstate, this 4 plex has just under 2900 sq ft that brought in $2,650/month when rented. Previous rents in it's existing condition brought in the following: 1st floor=$800, Efficiency 2nd level=$600, 2 bedroom 2nd level = $650, Efficiency 3rd floor = $600. Currently the 2 bedroom is being rented for $600, seller lives in the updated 1 bedroom efficiency, 1st floor 3 bedroom was last rented September 2020, and the 3rd floor is currently brought down to the studs to start remodel. Plenty of paved parking out back. Renders available upon request of what the space on the 3rd floor can be updated to. Property to be sold AS IS. Add this property to your investment portfolio today!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1905
Lot Details
- 10,140 Sq Ft Lot
- Lot Dimensions are 60x169
Home Design
- Brick Foundation
- Asphalt Shingled Roof
- Vinyl Siding
- Stucco
Interior Spaces
- 2,895 Sq Ft Home
- 3-Story Property
- Fire and Smoke Detector
- Unfinished Basement
Kitchen
- 4 Kitchens
- Stove
Flooring
- Wood
- Laminate
- Vinyl
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Hot Water Heating System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 03000937023000
Community Details
Overview
- No Home Owners Association
Building Details
- Operating Expense $621
- Gross Income $2,650
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 12, 2021
Closed on
Jan 28, 2022
Sold by
Joshua Adams
Bought by
Kw Properties Llc
Seller's Agent
Scott Venteicher
RE/MAX Concepts
Buyer's Agent
Kevin Culver
Keller Williams Realty GDM
List Price
$185,000
Sold Price
$150,000
Premium/Discount to List
-$35,000
-18.92%
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
$17,978
Avg. Annual Appreciation
3.27%
Original Mortgage
$112,500
Interest Rate
3.56%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 21, 2017
Closed on
Sep 13, 2017
Sold by
Re Specialists Llc
Bought by
Adams Joshua
Seller's Agent
Jared Husmann
Keller Williams Realty GDM
Buyer's Agent
Tim Schreck
Century 21 Signature
List Price
$139,000
Sold Price
$135,000
Premium/Discount to List
-$4,000
-2.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.43%
Original Mortgage
$108,000
Interest Rate
3.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 18, 2008
Sold by
Lasalle Bank National Association
Bought by
Re Specialists Llc
Purchase Details
Closed on
Dec 13, 2007
Sold by
Kent Jason
Bought by
Lasalle Bank Na
Purchase Details
Closed on
Sep 29, 2005
Sold by
Mendez Jesus and Mendez Maria E
Bought by
Kent Jason
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,200
Interest Rate
5.43%
Purchase Details
Closed on
Jul 17, 2003
Sold by
Bui Thom Danh and Bui Lanh Mong
Bought by
Mendez Jesus and Mendez Maria E
Purchase Details
Closed on
May 25, 2001
Sold by
Dang Su and Nguyen Nuong
Bought by
Bui Thom D and Bui Lanh M
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 |
|---|---|---|---|
| Kw Properties Llc | $150,000 | None Listed On Document | |
| Adams Joshua | $135,000 | -- | |
| Re Specialists Llc | $18,500 | None Available | |
| Lasalle Bank Na | $83,700 | None Available | |
| Kent Jason | $110,500 | -- | |
| Mendez Jesus | $28,500 | -- | |
| Bui Thom D | $24,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Kw Properties Llc | $112,500 | |
| Closed | Kw Properties Llc | $112,500 | |
| Previous Owner | Adams Joshua | $108,000 | |
| Previous Owner | Re Specialists Llc | $130,100 | |
| Previous Owner | Kent Jason | $22,200 | |
| Previous Owner | Kent Jason | $88,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2022 01/31/22 | Sold | $150,000 | -18.9% | $52 / Sq Ft |
| 01/31/2022 01/31/22 | Pending | -- | -- | -- |
| 10/12/2021 10/12/21 | For Sale | $185,000 | +37.0% | $64 / Sq Ft |
| 09/14/2017 09/14/17 | Sold | $135,000 | -2.9% | $47 / Sq Ft |
| 08/25/2017 08/25/17 | Pending | -- | -- | -- |
| 04/21/2017 04/21/17 | For Sale | $139,000 | -- | $48 / 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 | $3,896 | $198,000 | $18,200 | $179,800 |
| 2023 | $3,794 | $198,000 | $18,200 | $179,800 |
| 2022 | $4,434 | $161,000 | $15,300 | $145,700 |
| 2021 | $3,942 | $161,000 | $15,300 | $145,700 |
| 2020 | $1,942 | $132,000 | $13,900 | $118,100 |
| 2019 | $1,272 | $132,000 | $13,900 | $118,100 |
| 2018 | $1,352 | $110,000 | $13,900 | $96,100 |
| 2017 | $976 | $110,000 | $13,900 | $96,100 |
| 2016 | $1,018 | $99,000 | $11,500 | $87,500 |
| 2015 | $1,018 | $99,000 | $11,500 | $87,500 |
| 2014 | $810 | $88,000 | $11,500 | $76,500 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Venteicher
Seller's Agent in 2022
Scott Venteicher
RE/MAX
(515) 868-1182
3 in this area
185 Total Sales
-
Kevin Culver
K
Buyer's Agent in 2022
Kevin Culver
Keller Williams Realty GDM
(319) 270-8221
3 in this area
7 Total Sales
-
Jared Husmann
Seller's Agent in 2017
Jared Husmann
Keller Williams Realty GDM
(515) 639-0145
7 Total Sales
-
T
Buyer's Agent in 2017
Tim Schreck
Century 21 Signature
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 639504
APN: 030-00937023000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Nearby Homes
- 2210 University Ave
- 1161 21st St
- 1175 21st St
- 1215 21st St
- 1303 22nd St
- 1070 22nd St
- 1107 24th St
- 1344 21st St
- 2419 Cottage Grove Ave
- 1016 24th St
- 1143 27th St
- 1109 27th St
- 1422 22nd St
- 1152 27th St
- 2100 Olive Ave
- 1434 Martin Luther King Junior Pkwy
- 1710 Forest Ave
- 1203 15th Place
- 951 24th St
- 926 23rd St