NOT LISTED FOR SALE

1402 Mckinley Ave Des Moines, IA 50315

Watrous South Neighborhood

Estimated Value: $248,000 - $283,955

-- Bed
3 Baths
1,919 Sq Ft
$138/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $229,000 $119 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,828/month

7 Days on Market

Highlights

  • 3 Kitchens
  • Forced Air Heating and Cooling System
  • Carpet
  • No HOA

About This Home

As of March 2023

A great duplex investment property awaits you! Or live on one side and rent the other! 1402 has 2 bedrooms with 1 full bath on the main floor, the basement is finished with a kitchen, full bath and non conforming bedroom. 1400 has 2 bedrooms and 1 full bath with an unfinished basement that has plenty of storage space! This property has new flooring and paint. Call and schedule a showing today!

Last Agent to Sell the Property

Ashley Carter

RE/MAX Real Estate Center Listed on: 02/14/2023

RE/MAX Real Estate Center

Last Buyer's Agent

Mason Good

RE/MAX Revolution

RE/MAX Revolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,060

Year Built

  • Built in 1966

Lot Details

  • 10,234 Sq Ft Lot
  • Lot Dimensions are 85x120

Parking

  • Driveway

Home Design

  • Duplex
  • Brick Exterior Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3 Full Bathrooms
  • 1,919 Sq Ft Home
  • Unfinished Basement
  • Basement Window Egress

Kitchen

  • 3 Kitchens
  • Stove

Flooring

  • Carpet
  • Laminate

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 12006499001000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,060

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Duplex
  • Lp Amt Sq Ft: 119.33
  • Sp Amt Sq Ft: 119.33
  • Termite: Follow Showing Instructions
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: Carpeting, Laminate Floors
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Second Floor Full Bathrooms: 3
  • Basement Description: Egress Windows, Partial Finished, Unfinished
  • Kitchens: 3
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 1919
  • Total Sq Ft: 1919

Exterior Features

  • Exterior: Brick
  • Foundation: Poured
  • Roof: Asphalt Shingle
  • Street Feature: Concrete
  • Trim: Oak

Garage/Parking

  • Driveway: Concrete

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.2350
  • Lot S F: 10234
  • Lot Size: 85X120
  • Assessor Parcel Number: 12006499001000
  • Zoning: Res

Tax Info

  • Gross Taxes: 5060.03
  • Net Taxes: 5060.03

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2023
Closed on
Mar 7, 2023
Sold by
Capital City Developers Llc
Bought by
Shepherd Cody and Shepherd Brooke
Seller's Agent
Ashley Carter
RE/MAX Real Estate Center
Buyer's Agent
Mason Good
RE/MAX Revolution
List Price
$229,000
Sold Price
$229,000
Views
48
Current Estimated Value
$264,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,989
Avg. Annual Appreciation
5.55%
Original Mortgage
$22,900
Outstanding Balance
$18,208
Interest Rate
5.9%
Estimated Equity
$246,781

Purchase Details

Closed on
Jan 12, 2023
Sold by
Adams Charles R
Bought by
Capital City Developers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,200
Outstanding Balance
$176,888
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$88,101

Purchase Details

Closed on
Dec 29, 2022
Sold by
Adams Charles R and Adams Linda M
Bought by
Adams Charles R and Adams Linda M

Purchase Details

Closed on
Dec 3, 2001
Sold by
Adams Linda M
Bought by
Adams Linda M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shepherd Cody $229,000 --
Capital City Developers Llc $147,000 --
Adams Charles R -- --
Adams Charles R -- None Listed On Document
Adams Linda M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shepherd Cody $22,900
Open Shepherd Cody $183,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2023 03/15/23 Sold $229,000 0.0% $119 / Sq Ft
02/21/2023 02/21/23 Pending -- -- --
02/14/2023 02/14/23 For Sale $229,000 -- $119 / 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
2025 $5,138 $278,000 $41,200 $236,800
2024 $5,138 $246,800 $36,300 $210,500
2023 $4,886 $261,200 $36,300 $224,900
2022 $4,848 $207,300 $30,600 $176,700
2021 $4,854 $207,300 $30,600 $176,700
2020 $5,042 $194,500 $28,500 $166,000
2019 $4,938 $194,500 $28,500 $166,000
2018 $4,886 $183,700 $26,100 $157,600
2017 $4,436 $183,700 $26,100 $157,600
2016 $4,322 $164,000 $22,900 $141,100
2015 $4,322 $164,000 $22,900 $141,100
2014 $4,156 $162,300 $22,200 $140,100
Source: Public Records

Agents Affiliated with this Home

  • Ashley Carter

    Seller's Agent in 2023

    Ashley Carter

    RE/MAX Real Estate Center

    (515) 250-4087

    4 in this area

    164 Total Sales

    Ashley Carter
    Section Image

  • M

    Buyer's Agent in 2023

    Mason Good

    RE/MAX

    (515) 729-5477

    2 in this area

    64 Total Sales

    Mason Good
    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 667536

Des Moines Area Association of REALTORS®

APN: 120-06499001000

Iowa Polk County Des Moines 50315 Watrous South

1402 Mckinley Ave, Des Moines, IA

Not Listed for Sale

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