NOT LISTED FOR SALE

1405 E 16th St Des Moines, IA 50316

Martin Luther King Jr Park Neighborhood

Estimated Value: $115,000 - $147,000

2 Beds
1 Bath
620 Sq Ft
$210/Sq Ft Est. Value

Last Sold April 12, 2019

Last sale price $49,000 $79 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $802/month

143 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Carpet
  • No HOA

About This Home

As of April 2019

Investment property with a renter already in place as the renter is month to month or as owner occupied. 2 bedroom, one bath, vinyl siding with partial fenced in yard. This home can be purchased individually or as part of a portfolio with up to 12 other properties.

Last Agent to Sell the Property

Eileen Van Kooten-Schmitt

Century 21 Signature Listed on: 11/20/2018

Century 21 Signature

Co-Listed By

Mike Crabb

Century 21 Signature

Last Buyer's Agent

Mark Bunge

RE/MAX Precision

RE/MAX Precision

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 6,650 Sq Ft Lot
  • Lot Dimensions are 50x133
  • Property is zoned R-2A

Parking

  • Gravel Driveway

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 620 Sq Ft Home
  • Crawl Space
  • Stove

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 11002230000000

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Residential
  • Style: Ranch
  • Lp Amt Sq Ft: 90.32
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 79.03
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Carpeting, Vinyl Floors
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Basement Description: Crawl Space
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 620
  • Total Sq Ft: 620

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Gravel

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.1530
  • Lot S F: 6650
  • Lot Shape: Regular
  • Lot Size: 50X133
  • Assessor Parcel Number: 11002230000000
  • Zoning: R-2A

Green Features

  • Additional Green Features: No
  • ENERGYSTAR qualified New Home: No
  • HERS Rating: No
  • Leed For Homes: No
  • Solar: No

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 1325.00
  • Net Taxes: 1325.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2019
Sold by
Cowger Properties 11 Llc
Bought by
Cowger Properties 26 Llc
Current Estimated Value
$130,122

Purchase Details

Listed on
Nov 20, 2018
Closed on
Apr 4, 2019
Sold by
Move Up Llc
Bought by
Cowger Properties 11 Llc
Seller's Agent
Eileen Van Kooten-Schmitt
Century 21 Signature
Buyer's Agent
Mark Bunge
RE/MAX Precision
List Price
$58,000
Sold Price
$49,000
Premium/Discount to List
-$9,000
-15.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.74%

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 8, 2008
Sold by
Federal National Mortgage Association
Bought by
Leto John A

Purchase Details

Closed on
Nov 21, 2007
Sold by
First Horizon Home Loans
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 6, 2007
Sold by
Falkoski Diane
Bought by
First Horizon Home Loan Corp

Purchase Details

Closed on
Aug 20, 2004
Sold by
Falkoski Diane
Bought by
Veasly Dvante

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,400
Interest Rate
9.75%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 20, 2004
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Falkoski Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2003
Sold by
Abn Amro Mortgage Group
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Oct 2, 2003
Sold by
Harmon Tim J and Harmon Tina L
Bought by
Abn Amro Mortgage Group Inc

Purchase Details

Closed on
Mar 17, 1998
Sold by
Harmon Timothy J
Bought by
Harmon Timothy J and Harmon Tina
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
Cowger Properties 26 Llc -- None Available
Cowger Properties 11 Llc $49,000 None Available
Select Holdings One Lc $1,285,000 None Available
Leto John A -- None Available
Federal National Mortgage Association $52,500 None Available
First Horizon Home Loan Corp $52,634 None Available
Veasly Dvante $53,900 --
Falkoski Diane -- --
Federal Home Loan Mortgage Corporation -- --
Abn Amro Mortgage Group Inc $32,000 --
Harmon Timothy J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Select Holdings One Lc $1,150,000
Previous Owner Veasly Dvante $52,400
Previous Owner Falkoski Diane $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2019 04/12/19 Sold $49,000 -15.5% $79 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
11/20/2018 11/20/18 For Sale $58,000 -- $94 / 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 $1,402 $81,100 $15,700 $65,400
2024 $1,402 $71,300 $13,700 $57,600
2023 $1,334 $71,300 $13,700 $57,600
2022 $1,324 $56,600 $10,800 $45,800
2021 $1,306 $56,600 $10,800 $45,800
2020 $1,340 $51,700 $9,800 $41,900
2019 $1,308 $51,700 $9,800 $41,900
2018 $1,296 $48,700 $9,000 $39,700
2017 $1,218 $48,700 $9,000 $39,700
2016 $1,186 $45,000 $8,200 $36,800
2015 $1,186 $45,000 $8,200 $36,800
2014 $1,146 $43,100 $7,600 $35,500
Source: Public Records

Agents Affiliated with this Home

  • Eileen Van Kooten-Schmitt

    Seller's Agent in 2019

    Eileen Van Kooten-Schmitt

    Century 21 Signature

    (515) 490-8816

    1 in this area

    192 Total Sales

    Eileen Van Kooten-Schmitt
    Section Image

  • M

    Seller Co-Listing Agent in 2019

    Mike Crabb

    Century 21 Signature

    Section Image
  • Mark Bunge

    Buyer's Agent in 2019

    Mark Bunge

    RE/MAX

    (515) 577-8241

    64 Total Sales

    Mark Bunge
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 572968

Des Moines Area Association of REALTORS®

APN: 110-02230000000

Iowa Polk County Des Moines 50316 Martin Luther King Jr Park

1405 E 16th St, Des Moines, IA

Not Listed for Sale

Detached

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