1159 22nd St Des Moines, IA 50311
Drake Neighborhood
--
Bed
--
Bath
2,895
Sq Ft
10,140
Sq Ft Lot
Highlights
- 4 Kitchens
- Laundry Room
- Hot Water Heating System
- No HOA
- Storage
About This Home
As of January 2022Cash-flowing converted 4plex in Drake neighborhood with many major
improvements done and tenants in place.
Last Buyer's Agent
Tim Schreck
Century 21 Signature
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,339
Year Built
- Built in 1905
Lot Details
- 10,140 Sq Ft Lot
- Lot Dimensions are 60x169
Home Design
- Brick Foundation
- Block Foundation
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Storage
- Laundry Room
- Partial Basement
- 4 Kitchens
Utilities
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 03000937023000
Community Details
Overview
- No Home Owners Association
Building Details
- Operating Expense $1,245
- Gross Income $2,306
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
3.64%
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $150,000 | None Listed On Document | |
| Deed | $135,000 | -- | |
| Special Warranty Deed | $18,500 | None Available | |
| Sheriffs Deed | $83,700 | None Available | |
| Warranty Deed | $110,500 | -- | |
| Warranty Deed | $28,500 | -- | |
| Warranty Deed | $24,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $112,500 | New Conventional | |
| Closed | $112,500 | No Value Available | |
| Previous Owner | $108,000 | New Conventional | |
| Previous Owner | $130,100 | Commercial | |
| Previous Owner | $22,200 | No Value Available | |
| Previous Owner | $88,800 | Commercial |
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
186 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: 537915
APN: 030-00937023000
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