1171 21st St Des Moines, IA 50311
Drake Neighborhood
6
Beds
2
Baths
3,134
Sq Ft
6,500
Sq Ft Lot
Highlights
- Wood Flooring
- No HOA
- Covered Deck
About This Home
As of January 2025Great investment opportunity! Turn-key, fully occupied, cash flowing duplex priced at a 9.76% Cap. Both current tenants have yet to be late on rent. Tenants are responsible for all utilities. Rental license good until May 2027.Unit 1: 2Br, 1Ba + bonus room. Large front porch, keyless entry both front and back doors, opportunity to convert bonus room to a bedroom, opportunity to convert room behind bathroom into laundry room utilizing existing plumbing.Unit 2: 4Br, 1Ba.Yard: concrete slab for parking and opportunity to build a 4-stall garage off of the alley, with plenty of remaining yard space.Opportunity to continue renting for a few years then convert to 7Br 2Ba SFR.Several structural and cosmetic improvements have taken place throughout both units over recent years. Split Furnaces for each unit, both in good condition, each believed to be less than 10 years old. Both water heaters are brand new. Property was appraised by Rally Appraisal 4/24 at $265k, prior to partial roof replacement, full gutter replacement, and unit 1 remodel.Minimum 24 hours notice required for showings. Please contact seller for further information. Seller agent has ownership interest in the property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,415
Year Built
- Built in 1909
Lot Details
- 6,500 Sq Ft Lot
- Lot Dimensions are 50x130
Parking
- Driveway
Home Design
- Duplex
- Asphalt Shingled Roof
Interior Spaces
- 3,134 Sq Ft Home
- Wood Flooring
- Fire and Smoke Detector
- Stove
- Unfinished Basement
Bedrooms and Bathrooms
Laundry
- Laundry on upper level
- Dryer
- Washer
Additional Features
- Covered Deck
- Heating System Uses Gas
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 03005119000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 28, 2024
Closed on
Jan 24, 2025
Sold by
Kw Properties Llc
Bought by
Fickle Bradley
Seller's Agent
Kevin Culver
Keller Williams Realty GDM
Buyer's Agent
Misty Darling
BH&G Real Estate Innovations
List Price
$275,000
Sold Price
$258,000
Premium/Discount to List
-$17,000
-6.18%
Views
80
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
-$5,548
Avg. Annual Appreciation
-5.43%
Original Mortgage
$193,500
Outstanding Balance
$193,164
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$59,417
Purchase Details
Listed on
May 24, 2022
Closed on
Jul 6, 2022
Sold by
Brett Mills
Bought by
Kw Properties Llc
Seller's Agent
OUTSIDE AGENT
OTHER
Buyer's Agent
Kevin Culver
Keller Williams Realty GDM
List Price
$164,700
Sold Price
$164,700
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.08%
Original Mortgage
$168,000
Interest Rate
5.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 8, 2007
Sold by
Narita 21 Llc
Bought by
Carnes Charles C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.45%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 15, 2005
Sold by
Rivas Shannon Barry and Rivas Manuel J
Bought by
Narita 21 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,100
Interest Rate
5.89%
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 | $258,000 | None Listed On Document | |
| Warranty Deed | $258,000 | None Listed On Document | |
| Deed | $165,000 | None Listed On Document | |
| Corporate Deed | $109,500 | None Available | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $193,500 | New Conventional | |
| Closed | $193,500 | New Conventional | |
| Previous Owner | $168,000 | New Conventional | |
| Previous Owner | $86,550 | Commercial | |
| Previous Owner | $88,000 | Commercial | |
| Previous Owner | $87,100 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/30/2025 01/30/25 | Sold | $258,000 | -0.8% | $82 / Sq Ft |
| 12/18/2024 12/18/24 | Pending | -- | -- | -- |
| 12/02/2024 12/02/24 | Price Changed | $260,000 | -3.7% | $83 / Sq Ft |
| 09/25/2024 09/25/24 | Price Changed | $270,000 | -1.8% | $86 / Sq Ft |
| 08/28/2024 08/28/24 | For Sale | $275,000 | +67.0% | $88 / Sq Ft |
| 07/08/2022 07/08/22 | Sold | $164,700 | 0.0% | $53 / Sq Ft |
| 05/26/2022 05/26/22 | Pending | -- | -- | -- |
| 05/24/2022 05/24/22 | For Sale | $164,700 | -- | $53 / 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 | $2,416 | $122,800 | $11,700 | $111,100 |
| 2023 | $2,102 | $122,800 | $11,700 | $111,100 |
| 2022 | $2,086 | $89,200 | $8,900 | $80,300 |
| 2021 | $1,964 | $89,200 | $8,900 | $80,300 |
| 2020 | $2,040 | $78,700 | $7,900 | $70,800 |
| 2019 | $1,938 | $78,700 | $7,900 | $70,800 |
| 2018 | $1,918 | $72,100 | $7,000 | $65,100 |
| 2017 | $1,964 | $72,100 | $7,000 | $65,100 |
| 2016 | $1,914 | $72,600 | $7,000 | $65,600 |
| 2015 | $1,914 | $72,600 | $7,000 | $65,600 |
| 2014 | $2,004 | $75,400 | $8,100 | $67,300 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Culver
K
Seller's Agent in 2025
Kevin Culver
Keller Williams Realty GDM
(319) 270-8221
3 in this area
7 Total Sales
-
Misty Darling
Buyer's Agent in 2025
Misty Darling
BH&G Real Estate Innovations
(515) 414-0059
20 in this area
1,909 Total Sales
-
OUTSIDE AGENT
O
Seller's Agent in 2022
OUTSIDE AGENT
OTHER
35 in this area
5,769 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 701676
APN: 030-05119000000
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