NOT LISTED FOR SALE

Estimated Value: $125,784 - $131,000

-- Bed
2 Baths
1,676 Sq Ft
$77/Sq Ft Est. Value

Last Sold December 02, 2019

Last sale price $92,000 $55 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $912/month

115 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Storage
  • Wood Flooring
  • Laundry Room
  • Forced Air Heating System

About This Home

As of December 2019

Great investment opportunity with this fully rented duplex. Ideal location near Drake University and downtown DSM. Each unit features 2 bedrooms, 1 full bath, and unfinished basement with shared laundry. Nice sized fenced yard and 2 car detached garage for extra income & storage. Original trim throughout. Long term tenants have been there over 28 yrs. Tenants are responsible for lawn care and snow removal. Rental certificate in place through 2021.

Last Listed By

Carrie Webber

Realty ONE Group Impact Listed on: 08/09/2019

Realty ONE Group Impact

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,048

Year Built

  • Built in 1900

Lot Details

  • 9,660 Sq Ft Lot
  • Lot Dimensions are 60x161

Home Design

  • Brick Foundation
  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,676 Sq Ft Home
  • 2-Story Property
  • Storage
  • Fire and Smoke Detector
  • Unfinished Basement

Kitchen

  • 2 Kitchens
  • Stove

Flooring

  • Wood
  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Driveway

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 08006788000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $200
  • Gross Income $1,310

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,048

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 59.07
  • Sp Amt Sq Ft: 54.89
  • Termite: Call Seller
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: Carpeting, Hardwood Floors, Smoke Detector, Vinyl Floors
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 892
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes
  • Included Items: Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 1676
  • Total Sq Ft: 1676

Exterior Features

  • Exterior: Metal Siding
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Sidewalk: Y
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete
  • Garage: 2 Detached
  • Off Street Parking: Yes

Utilities

  • Sewer: City
  • Water: City
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Fee Information

  • Total Expense: 200

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.2220
  • Lot S F: 9660
  • Lot Shape: Regular
  • Lot Size: 60X161
  • Assessor Parcel Number: 08006788000000
  • Zoning: R-3

Rental Info

  • Deposit: No
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Owner, Electric Tenant, Gas Owner, Gas Tenant, Taxes Owner, Water Owner

Tax Info

  • Gross Taxes: 2048.00
  • Net Taxes: 2048.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2023
Sold by
M & K Roberts Llc
Bought by
Roberts Marvin L and Roberts Karma L
Total Days on Market
115
Current Estimated Value
$128,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Outstanding Balance
$60,535
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$71,657

Purchase Details

Closed on
Oct 18, 2022
Sold by
Roberts Marvin L and Roberts Karma L
Bought by
M & K Roberts Llc

Purchase Details

Listed on
Aug 9, 2019
Closed on
Dec 1, 2019
Sold by
Santillan Leandro and Santillan Brooke
Bought by
Roberts Marvin and Roberts Karma
Seller's Agent
Carrie Webber
Realty ONE Group Impact
Buyer's Agent
Lee Scroggins
Iowa Realty Waukee
List Price
$125,000
Sold Price
$92,000
Premium/Discount to List
-$33,000
-26.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Original Mortgage
$64,400
Interest Rate
3.75%

Purchase Details

Listed on
May 8, 2017
Closed on
Jul 7, 2017
Sold by
Sollenbarger David T and Sollenbarger Sheryl Ann
Bought by
Santillan Leandro
Seller's Agent
Kelly Schall
Realty ONE Group Impact
Buyer's Agent
Alexis Johnson
Iowa Realty Beaverdale
List Price
$86,900
Sold Price
$75,250
Premium/Discount to List
-$11,650
-13.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.77%
Original Mortgage
$56,437
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2010
Sold by
Sollenbarger David T
Bought by
Sollenbarger David T and Sollenbarger Sheryl Ann

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Roberts Marvin L -- --
M & K Roberts Llc -- --
Roberts Marvin $92,000 None Available
Santillan Leandro -- None Available
Sollenbarger David T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roberts Marvin L $62,000
Previous Owner Roberts Marvin $64,400
Previous Owner Santillan Leandro $56,437
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2019 12/02/19 Sold $92,000 -26.4% $55 / Sq Ft
12/02/2019 12/02/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $125,000 +66.1% $75 / Sq Ft
07/12/2017 07/12/17 Sold $75,250 -13.4% $26 / Sq Ft
06/28/2017 06/28/17 Pending -- -- --
05/08/2017 05/08/17 For Sale $86,900 -- $30 / Sq Ft
Source: Des Moines Area Association 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 $2,320 $117,900 $14,200 $103,700
2023 $2,098 $117,900 $14,200 $103,700
2022 $2,082 $89,000 $11,300 $77,700
2021 $1,992 $89,000 $11,300 $77,700
2020 $2,068 $79,800 $10,200 $69,600
2019 $2,048 $79,800 $10,200 $69,600
2018 $2,028 $76,200 $9,600 $66,600
2017 $1,920 $76,200 $9,600 $66,600
2016 $1,870 $71,000 $9,000 $62,000
2015 $1,870 $71,000 $9,000 $62,000
2014 $1,802 $67,800 $8,600 $59,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 588783

Des Moines Area Association of REALTORS®

APN: 080-06788000000