$70,000
SOLD JAN 30, 2015

1259 E 37th St Des Moines, IA 50317

Gray's Woods Neighborhood
2 Beds
1 Bath
620 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$113 Per Sq Ft

4% Below List Price

355 Days on Market

About This Home

As of March 2019

Turnkey rental property that is already rented at $825 per month, which produces a cap rate of 8.77%. This home has already had many upgrades completed and already has professional property management in place if desired. This home can be bought individually or as part of a portfolio with up to 38 other properties. Multiple Members of Selling LLC are Licensed Real Estate Agents and Brokers In the State of Iowa. Listing Agent is related to One Member of Selling LLC.

Last Agent to Sell the Property

Tami Hicks

CENTURY 21 SIGNATURE-Ames License #S3906 Listed on: 01/17/2014

CENTURY 21 SIGNATURE-Ames

Last Buyer's Agent

Tami Hicks

CENTURY 21 SIGNATURE-Ames License #S3906 Listed on: 01/17/2014

CENTURY 21 SIGNATURE-Ames

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2018
Closed on
Mar 26, 2019
Sold by
Move Up Lc
Bought by
Angell William D
Seller's Agent
Mike Crabb
Century 21 Signature
Buyer's Agent
Julia Watermiller
Iowa Realty Beaverdale
List Price
$79,000
Sold Price
$79,600
Premium/Discount to List
$600
0.76%
Total Days on Market
355
Current Estimated Value
$125,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,835
Avg. Annual Appreciation
7.60%
Original Mortgage
$78,158
Outstanding Balance
$69,985
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$55,450

Purchase Details

Listed on
Jan 17, 2014
Closed on
Jan 29, 2015
Sold by
Select Holdings One Lc
Bought by
Move Up Lc
Seller's Agent
Tami Hicks
CENTURY 21 SIGNATURE-Ames
Buyer's Agent
Tami Hicks
CENTURY 21 SIGNATURE-Ames
List Price
$72,900
Sold Price
$70,000
Premium/Discount to List
-$2,900
-3.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.14%
Original Mortgage
$104,050
Interest Rate
3.85%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 10, 2012
Sold by
Des Moines Properties Llc
Bought by
Select Holdings One Lc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 2009
Sold by
The Bank Of New York Mellon Trust Compan
Bought by
Des Moines 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
$54,000
Interest Rate
5.19%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 26, 2009
Sold by
Atwood Jesse and Stanley Marie
Bought by
The Bank Of New York Mellon Trust Compan

Purchase Details

Closed on
May 20, 1999
Sold by
Brenizer Gerald
Bought by
Winn Dexter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,113
Interest Rate
6.92%

Purchase Details

Closed on
Nov 2, 1998
Sold by
Brenizer Gerald
Bought by
Winn Dexter L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
6.92%
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $80,000 None Available
Warranty Deed $70,000 None Available
Warranty Deed $1,285,000 None Available
Special Warranty Deed $45,000 None Available
Sheriffs Deed $72,866 None Available
Warranty Deed $42,500 --
Warranty Deed $10,500 --
Contract Of Sale $43,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $78,158 FHA
Previous Owner $104,050 Future Advance Clause Open End Mortgage
Previous Owner $104,050 Future Advance Clause Open End Mortgage
Previous Owner $1,150,000 Purchase Money Mortgage
Previous Owner $54,000 Future Advance Clause Open End Mortgage
Previous Owner $7,723 Credit Line Revolving
Previous Owner $67,000 Purchase Money Mortgage
Previous Owner $5,113 No Value Available
Previous Owner $43,000 No Value Available
Closed $47,025 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2019 03/29/19 Sold $79,600 +0.8% $128 / Sq Ft
03/29/2019 03/29/19 Pending -- -- --
11/20/2018 11/20/18 For Sale $79,000 +12.9% $127 / Sq Ft
01/30/2015 01/30/15 Sold $70,000 -4.0% $113 / Sq Ft
01/08/2015 01/08/15 Pending -- -- --
01/17/2014 01/17/14 For Sale $72,900 -- $118 / Sq Ft
Source: Central Iowa Board 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 $2,162 $120,400 $19,600 $100,800
2023 $2,014 $120,400 $19,600 $100,800
2022 $1,996 $94,300 $15,900 $78,400
2021 $1,870 $94,300 $15,900 $78,400
2020 $1,936 $83,500 $14,000 $69,500
2019 $1,988 $83,500 $14,000 $69,500
2018 $1,968 $74,000 $12,200 $61,800
2017 $1,924 $74,000 $12,200 $61,800
2016 $1,874 $71,100 $11,400 $59,700
2015 $1,874 $71,100 $11,400 $59,700
2014 $1,842 $69,300 $11,000 $58,300
Source: Public Records

Agents Affiliated with this Home

  • Mike Crabb

    Seller's Agent in 2019

    Mike Crabb

    Century 21 Signature

    (515) 802-6822

    Section Image
  • Eileen Van Kooten-Schmitt

    Seller Co-Listing Agent in 2019

    Eileen Van Kooten-Schmitt

    Century 21 Signature

    (515) 490-8816

    194 Total Sales

    Eileen Van Kooten-Schmitt
    Section Image

  • J

    Buyer's Agent in 2019

    Julia Watermiller

    Iowa Realty Beaverdale

    (515) 669-5595

    87 Total Sales

    Julia Watermiller
    Section Image
  • Tami Hicks

    Seller's Agent in 2015

    Tami Hicks

    CENTURY 21 SIGNATURE-Ames

    (515) 290-4067

    160 Total Sales

    Tami Hicks
    Section Image
See All Agents

Map

Source: Central Iowa Board of REALTORS®

MLS Number: 39260

APN: 060-05772000000

Iowa Polk County Des Moines 50317 Gray's Woods

1259 E 37th St, Des Moines, IA

This home is located at 1259 E 37th St, Des Moines, IA 50317 and is currently priced at $70,000, approximately $112 per square foot. This property was built in 1952. 1259 E 37th St is a home located in Polk County with nearby schools including Stowe Elementary School, Hoyt Middle School, and East High School.

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