NOT LISTED FOR SALE

1415 E 14th St Des Moines, IA 50316

Martin Luther King Jr Park Neighborhood

Estimated Value: $167,000 - $256,000

Studio
4 Baths
2,171 Sq Ft
$96/Sq Ft Est. Value

Sale Details

Date Sold: February 27, 2017

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

Est. 218% increase in value since last sale

Current estimated payment $1,318 / mo

2 Days on Market

Highlights

  • Property is near schools and bus stop
  • 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

Beth Skluzacek

CENTRAL IOWA BOARD OF REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 8,150

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

Utilities

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

Additional Features

  • 8,150 Sq Ft Lot
  • Property is near schools and bus stop

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

8,150 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2017
Closed on
Feb 22, 2017
Sold by
Bought by
Seller's Agent
Justin Bennett
Keller Williams Ames
Buyer's Agent
Beth Skluzacek
CENTRAL IOWA BOARD OF REALTORS
List Price
$75,000
Sold Price
$65,200
Premium/Discount to List
-$9,800
-13.07%
Current Estimated Value
$207,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,021
Avg. Annual Appreciation
13.17%

Purchase Details

Closed on
Sep 17, 2007
Sold by
Bought by

Purchase Details

Closed on
May 10, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 14, 2005
Sold by
Bought by

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
0.1165%
Mortgage Type
Commercial
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$65,500 None Available
$64,500 Itc
$59,500 None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $72,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,372 $136,500 $15,100 $121,400
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

  • B

    Buyer's Agent in 2017

    Beth Skluzacek

    CENTRAL IOWA BOARD OF REALTORS

    (515) 296-4680

    3 in this area

    3,512 Total Sales

    Beth Skluzacek
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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

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