NOT LISTED FOR SALE

Estimated Value: $179,000

-- Bed
3 Baths
1,822 Sq Ft
$98/Sq Ft Est. Value

Last Sold February 10, 2017

Last sale price $65,000 $36 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $1,177/month

148 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Hot Water Heating System

About This Home

As of February 2017

Turn key ready; great cash flow! 2 unit duplex near Drake University. Perfect for students! Fully tenant occupied. Active rental certificates.

Last Agent to Sell the Property

Seth Walker

RE/MAX Concepts Listed on: 08/04/2016

RE/MAX Concepts

Last Buyer's Agent

Gina Swanson

Century 21 Signature

Century 21 Signature

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 8,618 Sq Ft Lot
  • Lot Dimensions are 53.2x162.5

Home Design

  • Brick Foundation
  • Frame Construction

Interior Spaces

  • 1,822 Sq Ft Home
  • 1.5-Story Property
  • 2 Kitchens
  • Unfinished Basement

Utilities

  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • Gross Income $1,250

Listing and Financial Details

  • Assessor Parcel Number 08006900000000

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: 1.5 Story
  • Lp Amt Sq Ft: 38.36
  • Sp Amt Sq Ft: 35.68
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Second Floor Full Bathrooms: 1
  • Third Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1091
  • Kitchens: 2
  • Laundry: No
  • Living Area Sq Ft: 1822
  • Total Sq Ft: 1822

Exterior Features

  • Exterior: Frame
  • Foundation: Brick

Garage/Parking

  • Off Street Parking: 1

Utilities

  • Heat: Hot Water

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1980
  • Lot S F: 8618
  • Lot Size: 53.2X162.5
  • Assessor Parcel Number: 08006900000000
  • Zoning: R-3

Tax Info

  • Gross Taxes: 1956.00
  • Net Taxes: 1956.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2017
Sold by
Sturdy Life Investments Llc
Bought by
Dgrep 1 Llc
Current Estimated Value
$179,000

Purchase Details

Listed on
Aug 4, 2016
Closed on
Feb 8, 2017
Sold by
Rrc Investment Holdings Llc
Bought by
Sturdy Life Investments Llc
Seller's Agent
Seth Walker
RE/MAX Concepts
Buyer's Agent
Gina Swanson
Century 21 Signature
List Price
$74,900
Sold Price
$65,000
Premium/Discount to List
-$9,900
-13.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.56%

Purchase Details

Closed on
Jul 3, 2012
Sold by
Cahalan Ryan R and Miller Eric
Bought by
Rrc Investment Holdings Llc

Purchase Details

Closed on
Dec 29, 2006
Sold by
Chalik Dennis P and Chalik Deb L
Bought by
Blue Sky Management and Blue Sky Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,200
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2002
Sold by
Broderick Adam
Bought by
Chalik Dennis P and Chalik Deb L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,650
Interest Rate
6.39%
Mortgage Type
Commercial
Source: Public Records

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
Dgrep 1 Llc -- None Available
Sturdy Life Investments Llc $65,000 None Available
Rrc Investment Holdings Llc -- None Available
Blue Sky Management $65,500 None Available
Cahalan Ryan R $83,500 None Available
Chalik Dennis P $58,000 --
Broderick Adam -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dgrep 1 Llc $95,000
Closed Dgrep 1 Llc $95,000
Previous Owner Rrc Investments Holdings Llc $66,750
Previous Owner Cahalan Ryan R $57,200
Previous Owner Chalik Dennis P $52,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2017 02/10/17 Sold $65,000 -13.2% $36 / Sq Ft
12/30/2016 12/30/16 Pending -- -- --
08/04/2016 08/04/16 For Sale $74,900 -- $41 / 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 $2,430 $123,500 $13,800 $109,700
2023 $2,164 $138,100 $13,800 $124,300
2022 $2,148 $106,400 $11,000 $95,400
2021 $2,066 $106,400 $11,000 $95,400
2020 $2,146 $97,400 $9,900 $87,500
2019 $2,128 $97,400 $9,900 $87,500
2018 $2,106 $93,800 $9,300 $84,500
2017 $2,006 $79,200 $9,300 $69,900
2016 $1,956 $74,200 $8,700 $65,500
2015 $1,956 $74,200 $8,700 $65,500
2014 $1,920 $72,300 $8,500 $63,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 523142

Des Moines Area Association of REALTORS®

APN: 080-06900000000