NOT LISTED FOR SALE

1315 E 9th St Des Moines, IA 50316

Capitol Park Neighborhood

Estimated Value: $182,000 - $186,504

-- Bed
3 Baths
1,920 Sq Ft
$96/Sq Ft Est. Value

Last Sold September 28, 2020

Last sale price $145,000 $76 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,269/month

55 Days on Market

Highlights

  • 3 Kitchens
  • Storage
  • Baseboard Heating
  • No HOA
  • Forced Air Heating System

About This Home

As of September 2020

Looking for a Great Investment Property this is it! Awesome Cash Flow 3 Plex Totally Occupied also Excellent Area close to Stores and Restaurants Don't Miss Out!!

Last Listed By

Sue Randleman

Iowa Realty South Listed on: 07/07/2020

Iowa Realty South

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,956

Year Built

  • Built in 1902

Lot Details

  • 9,700 Sq Ft Lot
  • Lot Dimensions are 50x194

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 1,920 Sq Ft Home
  • 2-Story Property
  • Storage
  • 3 Kitchens
  • Finished Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 11001283000000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $270
  • Gross Income $1,745

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,956

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 78.07
  • Sp Amt Sq Ft: 75.52
  • Termite: Call Listing Agent
  • Year Built: 1902
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 3
  • Stoves Total: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • First Floor Full Bathrooms: 3
  • Basement Description: Finished
  • Kitchens: 3
  • Laundry: No
  • Storage: Yes
  • Living Area Sq Ft: 1920
  • Total Sq Ft: 1920

Exterior Features

  • Exterior: Frame, Vinyl Siding
  • Foundation: See Remarks

Garage/Parking

  • Off Street Parking: 8 parking spots

Utilities

  • Air Conditioner: Window Unit
  • Heat: Electric Baseboard, Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Fee Information

  • Total Expense: 270

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.2230
  • Lot S F: 9700
  • Lot Size: 50X194
  • Assessor Parcel Number: 11001283000000
  • Zoning: R1-60

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Electric Tenant, Gas Landlord, Gas Tenant, Insurance Landlord, Misc Exp Landlord, Water Landlord

Tax Info

  • Gross Taxes: 2956.00
  • Net Taxes: 2956.00
  • Tax Year: 2019

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2020
Closed on
Sep 28, 2020
Sold by
Kouri Properties Llc
Bought by
7 Days Cash Llc
Seller's Agent
Sue Randleman
Iowa Realty South
Buyer's Agent
Sue Randleman
Iowa Realty South
List Price
$149,900
Sold Price
$145,000
Premium/Discount to List
-$4,900
-3.27%
Total Days on Market
55
Current Estimated Value
$184,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,252
Avg. Annual Appreciation
5.48%

Purchase Details

Closed on
Oct 9, 2000
Sold by
Rustin Cyrus J and Rustin Tamara L
Bought by
Kouri 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
$40,000
Interest Rate
7.96%
Mortgage Type
Commercial

Range of Values:

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Average Value
Not Available
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
7 Days Cash Llc $145,000 None Available
Kouri Properties Llc $52,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kouri Properties Llc $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2020 09/28/20 Sold $145,000 -3.3% $76 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $149,900 -- $78 / 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 $2,970 $151,000 $21,500 $129,500
2023 $2,898 $151,000 $21,500 $129,500
2022 $3,388 $123,000 $18,000 $105,000
2021 $3,016 $123,000 $18,000 $105,000
2020 $3,388 $101,000 $16,400 $84,600
2019 $2,956 $101,000 $16,400 $84,600
2018 $3,146 $83,500 $16,400 $67,100
2017 $2,958 $83,500 $16,400 $67,100
2016 $3,084 $75,500 $13,700 $61,800
2015 $3,084 $75,500 $13,700 $61,800
2014 $2,996 $67,000 $13,700 $53,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sue Randleman

    Iowa Realty South

    (515) 250-1385

    Section Image

  • K

    Seller Co-Listing Agent in 2020

    Kevin Randleman

    Iowa Realty South

See All Agents

Map

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Source: Des Moines Area Association of REALTORS®

MLS Number: 609132

Des Moines Area Association of REALTORS®

APN: 110-01283000000

Iowa Polk County Des Moines 50316 Capitol Park

1315 E 9th St, Des Moines, IA

Homes for Sale in Des Moines, IA

This home is located at 1315 E 9th St, Des Moines, IA 50316 since 07 July 2020 and is currently estimated at $184,252, approximately $95 per square foot. This property was built in 1902. 1315 E 9th St is a home located in Polk County with nearby schools including Carver Elementary School, Hiatt Middle School, and East High School.

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Des Moines Area Association of REALTORS® 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.