NOT LISTED FOR SALE

1415 E 14th St Des Moines, IA 50316

Martin Luther King Jr Park Neighborhood

Estimated Value: $168,000 - $244,000

-- Bed
4 Baths
2,171 Sq Ft
$97/Sq Ft Est. Value

Last Sold February 27, 2017

Last sale price $65,200 $30 Per Sq Ft

Est. 196% increase in value since last sale

Current estimated payment $1,253/month

2 Days on Market

Highlights

  • Property is near schools
  • Forced Air Heating System
  • Carpet

About This Home

As of February 2017

Great investment opportunity with this fully rented 4-plex. Gross rents are $2450 per month giving over a 13% cap rate and potentially over 35% cash-on-cash return. See attached investment analysis for further details. New roof as of 2009.

Last Agent to Sell the Property

Justin Bennett

Keller Williams Ames License #S64140 Listed on: 01/27/2017

Co-Listed By

Steve Bensema

Keller Williams Ames License #S60160

Last Buyer's Agent

Member Non

CENTRAL IOWA BOARD OF REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 8,150 Sq Ft Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Cement Board or Planked

Interior Spaces

  • 1.5-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Location

  • Property is near schools
  • Property is near a bus stop

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 7924-36-301-011

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $1,930
  • Gross Income $2,450
  • Net Operating Income $815

Property Details

Home Type

Multi-Family

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.19
  • Lot Size: -
  • Co List Office Mls Id: 318000589
  • Co List Office Phone: 515-233-9100
  • Directions: From I-235 take E 14th North 1 mile and property will be on your right (east side).
  • Architectural Style: 1 1/2 Story
  • Garage Yn: No
  • Year Built: 1917
  • Foundation:Poured: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Water Heater:Gas: Yes
  • Floor:Carpet: Yes
  • Floor:Vinyl2: Yes
  • Keywords:Architectural Style2: 1 1/2 Story
  • Annual Expenses: 1930.0
  • Income Expenses Net Income: 815.0
  • Features:Bus: Yes
  • Features:School: Yes
  • Special Features: None

Interior Features

  • Has Basement: Full
  • Flooring: Vinyl, Parquet, Carpet
  • Basement:Full2: Yes

Exterior Features

  • Construction Type: Fiber Cement Board
  • Foundation Details: Poured
  • Exterior:Fiber Cement Board2: Yes

Garage/Parking

  • Keywords:Garage Capacity3: None
  • Keywords:Garage Type3: None
  • Keywords:Parking Spaces2: 1 - 5 Spaces

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Des Moines

Lot Info

  • Lot Size Sq Ft: 8150.0
  • Parcel #: 7924-36-301-011
  • Zoning: R
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Who Pays Trash: Landlord
  • Who Pays Water: Landlord

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 2450.0
  • Property Net Operating Income: 815.0
  • Annual Operating Expense: 1930.0

Tax Info

  • Tax Annual Amount: 3888.74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2017
Closed on
Feb 22, 2017
Sold by
Calaway Dr J Albert and Calaway James A
Bought by
Bbt Rentals Llc
Seller's Agent
Justin Bennett
Keller Williams Ames
Buyer's Agent
Member Non
CENTRAL IOWA BOARD OF REALTORS
List Price
$75,000
Sold Price
$65,200
Premium/Discount to List
-$9,800
-13.07%
Current Estimated Value
$192,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,549
Avg. Annual Appreciation
12.78%

Purchase Details

Closed on
Sep 17, 2007
Sold by
Lasalle Bank Na
Bought by
Calaway Dr J Albert and Calaway Beverly J

Purchase Details

Closed on
May 10, 2007
Sold by
Cisneros Gloria M
Bought by
Lasalle Bank Na and Certificateholders Of Bear Stearns Asset

Purchase Details

Closed on
Feb 14, 2005
Sold by
Ortiz Eutimio C and Ortiz Eutimio Cisneros
Bought by
Cisneros Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,250
Interest Rate
11.65%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bbt Rentals Llc $65,500 None Available
Calaway Dr J Albert $64,500 Itc
Lasalle Bank Na $59,500 None Available
Cisneros Gloria -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cisneros Gloria $72,250
Closed Calaway Dr J Albert $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2017 02/27/17 Sold $65,200 -13.1% $30 / Sq Ft
01/30/2017 01/30/17 Pending -- -- --
01/27/2017 01/27/17 For Sale $75,000 -- $35 / Sq Ft
Source: Central Iowa Board 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 $2,372 $120,600 $15,100 $105,500
2023 $2,230 $120,600 $15,100 $105,500
2022 $2,212 $94,600 $15,100 $79,500
2021 $2,460 $94,600 $15,100 $79,500
2020 $2,764 $82,400 $13,800 $68,600
2019 $2,648 $82,400 $13,800 $68,600
2018 $3,202 $74,800 $13,800 $61,000
2017 $3,900 $85,000 $14,000 $71,000
2016 $4,066 $99,500 $11,500 $88,000
2015 $4,066 $99,500 $11,500 $88,000
2014 $3,798 $88,500 $11,500 $77,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Justin Bennett

    Keller Williams Ames

  • S

    Seller Co-Listing Agent in 2017

    Steve Bensema

    Keller Williams Ames

  • M

    Buyer's Agent in 2017

    Member Non

    CENTRAL IOWA BOARD OF REALTORS

See All Agents

Map

Source: Central Iowa Board of REALTORS®

MLS Number: 46324

APN: 110-00350000000

Iowa Polk County Des Moines 50316 Martin Luther King Jr Park

1415 E 14th St, Des Moines, IA

This home is located at 1415 E 14th St, Des Moines, IA 50316 since 27 January 2017 and is currently estimated at $211,227, approximately $97 per square foot. This property was built in 1917. 1415 E 14th St is a home located in Polk County with nearby schools including Garton Elementary School, Hiatt Middle School, and East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

Nearby Homes