NOT LISTED FOR SALE

1429 Martin Luther King jr Pkwy Des Moines, IA 50314

King Irving Neighborhood

Estimated Value: $176,000 - $190,936

-- Bed
2 Baths
2,544 Sq Ft
$72/Sq Ft Est. Value

Last Sold September 07, 2022

Last sale price $170,000 $67 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,169/month

58 Days on Market

Highlights

  • 2 Kitchens
  • Laundry Room
  • Forced Air Heating System
  • No HOA

About This Home

As of September 2022

Multi-Family available in the heart of Des Moines! This property features a total of 2 units. One 2 bedroom unit, 1 full bathroom with its own kitchen and living area. Another 3 bedroom unit, 1 full bathroom with its own kitchen and living area. Unfinished basement that includes laundry. Current rental income, $850 a month for the unit 1 and $1,000 a month for the unit 2. Rental Certificate 9/11/23. Call today for more information!

Last Agent to Sell the Property

Karoline Benskin

Keller Williams Realty GDM Listed on: 06/03/2022

Keller Williams Realty GDM

Last Buyer's Agent

Amanda Welch

RE/MAX Concepts

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,229

Year Built

  • Built in 1905

Lot Details

  • 6,400 Sq Ft Lot
  • Lot Dimensions are 50x128

Home Design

  • Brick Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,544 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Kitchen

  • 2 Kitchens
  • Stove

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 08004325000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $1,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,229

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 66.82
  • Sp Amt Sq Ft: 66.82
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 1
  • Third Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 888
  • Kitchens: 2
  • Laundry: Yes
  • Included Items: Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 2544
  • Total Sq Ft: 2544

Exterior Features

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1470
  • Lot S F: 6400
  • Lot Size: 50X128
  • Assessor Parcel Number: 08004325000000
  • Zoning: NX1

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Water Owner

Tax Info

  • Gross Taxes: 2229.00
  • Net Taxes: 2229.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2022
Closed on
Aug 26, 2022
Sold by
Aqualeo Llc
Bought by
Saunders Alex and Saunders Kristen
Seller's Agent
Karoline Benskin
Keller Williams Realty GDM
Buyer's Agent
Amanda Welch
RE/MAX Concepts
List Price
$195,000
Sold Price
$170,000
Premium/Discount to List
-$25,000
-12.82%
Current Estimated Value
$182,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,126
Avg. Annual Appreciation
2.63%
Original Mortgage
$127,500
Outstanding Balance
$122,029
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$61,439

Purchase Details

Closed on
Mar 4, 2021
Sold by
Safari Properties Llc
Bought by
Aqualeo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 25, 2018
Sold by
Rotich Abraham Cheruiyot and Rotich Gail Marie
Bought by
Safari Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,900
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2018
Sold by
On Point Investments Llc
Bought by
Rotich Abraham Cheruiyot and Rotich Gail Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,900
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2016
Sold by
Mjmac Enterprises Llc
Bought by
On Point Investments Llc

Purchase Details

Closed on
Feb 9, 2016
Sold by
First Contract Corp
Bought by
Mjmac Enterprises Llc

Purchase Details

Closed on
Jan 20, 2016
Sold by
Snodderly Benjamin R and Snodderly Amanda L
Bought by
Mjmac Enterprises Llc

Purchase Details

Closed on
Dec 5, 2014
Sold by
Mjmac Enterprises Llc
Bought by
Snoddedy Benjamin R and Snoddedy Amanda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,500
Interest Rate
3.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 4, 2013
Sold by
Samann Lc
Bought by
First Constrct Corp

Purchase Details

Closed on
Dec 17, 2012
Sold by
Samann Lc
Bought by
Mjmac Enterprises Llc

Purchase Details

Closed on
Dec 5, 2012
Sold by
Samann Llc
Bought by
Constract Corp

Purchase Details

Closed on
Dec 22, 2009
Sold by
Us Bank Na
Bought by
Samann Lc

Purchase Details

Closed on
Jul 21, 2009
Sold by
Morton Shalene R
Bought by
Us Bank Na

Purchase Details

Closed on
Oct 7, 2004
Sold by
Bickell James R and Bickell Anne P
Bought by
Morton Sharlene R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,550
Interest Rate
5.89%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Saunders Alex $170,000 --
Saunders Alex $170,000 None Listed On Document
Aqualeo Llc $146,000 None Available
Safari Properties Llc -- None Available
Rotich Abraham Cheruiyot $113,500 None Available
On Point Investments Llc $42,500 None Available
Mjmac Enterprises Llc $50,000 None Available
Mjmac Enterprises Llc -- None Available
Snoddedy Benjamin R $42,500 None Available
First Constrct Corp -- None Available
Mjmac Enterprises Llc $5,000 None Available
Constract Corp -- None Available
Samann Lc $15,500 None Available
Us Bank Na $65,000 None Available
Morton Sharlene R $69,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saunders Alex $127,500
Closed Saunders Alex $127,500
Previous Owner Aqualeo Llc $150,000
Previous Owner Rotich Abraham Cheruiyot $84,900
Previous Owner Mjmac Enterprises Llc $47,500
Previous Owner Samann Lc $42,320
Previous Owner Morton Sharlene R $67,550
Closed Morton Sharlene R $2,500
Closed Snoddedy Benjamin R $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2022 09/07/22 Sold $170,000 0.0% $67 / Sq Ft
07/31/2022 07/31/22 Pending -- -- --
07/25/2022 07/25/22 Price Changed $170,000 -2.9% $67 / Sq Ft
07/13/2022 07/13/22 Price Changed $175,000 -2.7% $69 / Sq Ft
06/27/2022 06/27/22 Price Changed $179,900 -2.8% $71 / Sq Ft
06/15/2022 06/15/22 Price Changed $185,000 -5.1% $73 / Sq Ft
06/03/2022 06/03/22 For Sale $195,000 -- $77 / 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 $2,418 $122,900 $10,400 $112,500
2023 $2,062 $122,900 $10,400 $112,500
2022 $2,046 $87,500 $7,900 $79,600
2021 $1,948 $87,500 $7,900 $79,600
2020 $2,024 $78,100 $7,100 $71,000
2019 $1,324 $78,100 $7,100 $71,000
2018 $1,312 $49,300 $6,300 $43,000
2017 $1,122 $49,300 $6,300 $43,000
2016 $1,094 $41,500 $6,300 $35,200
2015 $1,094 $41,500 $6,300 $35,200
2014 $1,052 $39,600 $6,600 $33,000
Source: Public Records

Agents Affiliated with this Home

  • Karoline Benskin

    Seller's Agent in 2022

    Karoline Benskin

    Keller Williams Realty GDM

    (515) 710-9081

    2 in this area

    66 Total Sales

    Section Image

  • A

    Buyer's Agent in 2022

    Amanda Welch

    RE/MAX

    (515) 577-6581

    1 in this area

    31 Total Sales

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 653422

Des Moines Area Association of REALTORS®

APN: 080-04325000000

Iowa Polk County Des Moines 50311 King Irving

1429 Martin Luther King jr Pkwy, Des Moines, IA

This home is located at 1429 Martin Luther King jr Pkwy, Des Moines, IA 50314 since 03 June 2022 and is currently estimated at $183,468, approximately $72 per square foot. This property was built in 1905. 1429 Martin Luther King jr Pkwy is a home located in Polk County with nearby schools including King Elementary School, Callanan Middle School, and Roosevelt 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.

Des Moines Area Association of REALTORS® 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.

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