NOT LISTED FOR SALE

1432 E 9th St Des Moines, IA 50316

Capitol Park Neighborhood

Estimated Value: $204,000 - $253,905

-- Bed
2 Baths
1,920 Sq Ft
$122/Sq Ft Est. Value

Last Sold November 01, 2016

Last sale price $100,000 $52 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $1,689/month

61 Days on Market

Highlights

  • 2 Kitchens
  • Laundry Room
  • 2-minute walk to Union Park
  • No HOA
  • Central Air

About This Home

As of November 2016

Calling all Investors! Here is your opportunity to have two tenants under one roof! This two story, two unit property has established tenants and good cash flow. The seller is ready to liquidate and pass on the opportunity to the next landlord. The identical units hold approx 1,000 sqft on each side. Main level offers bathroom, living room & kitchen with all appliances included. Stairs lead up stairs to two bedrooms and a full bath. Lower level is unfinished providing excellent storage area. The large yard is partially fenced in and gives some shade. This location is near bus stop for an easy commute around town. It is near parks and schools. Take a look today and start your investment in Real Estate.

Last Agent to Sell the Property

Pennie Carroll

Pennie Carroll & Associates Listed on: 08/30/2016

Last Buyer's Agent

Audra Sypolt

RE/MAX Concepts

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 65x216

Parking

  • 2 Car Detached Garage

Home Design

  • 1,920 Sq Ft Home
  • Brick Exterior Construction
  • Asphalt Shingled Roof
  • Metal Siding
  • Stucco

Utilities

  • Central Air
  • Heating System Uses Gas

Additional Features

  • 2 Kitchens
  • 2 Full Bathrooms
  • Laundry Room
  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 11001242002000

Community Details

Overview

  • No Home Owners Association

Building Details

  • Operating Expense $400
  • Gross Income $1,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Lp Amt Sq Ft: 72.92
  • Sp Amt Sq Ft: 52.08
  • Termite: Call Listing Agent
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: See Remarks, Smoke Detector
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 960
  • Kitchens: 2
  • Laundry: Yes
  • Living Area Sq Ft: 1920
  • Total Sq Ft: 1920

Exterior Features

  • Exterior: Brick, Metal Siding, Stucco
  • Foundation: Poured
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Garage: 2 Detached
  • Off Street Parking: 2

Utilities

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

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Fee Information

  • Total Expense: 400

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.3220
  • Lot S F: 14040
  • Lot Size: 65X216
  • Assessor Parcel Number: 11001242002000
  • Zoning: R-2

Rental Info

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

Tax Info

  • Gross Taxes: 4148.00
  • Net Taxes: 4148.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2016
Closed on
Dec 28, 2016
Sold by
Andes Group Inc
Bought by
Bright Tumy Llc
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Audra Sypolt
RE/MAX Concepts
List Price
$140,000
Sold Price
$100,000
Premium/Discount to List
-$40,000
-28.57%
Current Estimated Value
$233,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,726
Avg. Annual Appreciation
10.04%
Original Mortgage
$110,000
Outstanding Balance
$91,082
Interest Rate
4.03%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$138,948

Purchase Details

Listed on
Aug 30, 2016
Closed on
Oct 30, 2016
Sold by
King Ronald E and King Charm A
Bought by
Andes Group Inc
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Audra Sypolt
RE/MAX Concepts
List Price
$140,000
Sold Price
$100,000
Premium/Discount to List
-$40,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Outstanding Balance
$91,082
Interest Rate
4.03%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$138,948

Purchase Details

Closed on
Sep 8, 2014
Sold by
Stuckbauer Billy E
Bought by
King Ronald E

Purchase Details

Closed on
Jan 17, 2012
Sold by
The Estate Of Joan C Hamilton
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Sep 6, 2006
Sold by
Stockbauer Billy
Bought by
Stockbauer Billy and King Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2004
Sold by
Commercial Federal Bank
Bought by
Mundell Michael M and Mundell Cindy T

Purchase Details

Closed on
May 21, 2001
Sold by
Mundell Cindy
Bought by
Mundell Michael
Source: Public Records

Range of Values:

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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
Bright Tumy Llc -- None Available
Andes Group Inc -- None Available
King Ronald E -- None Available
Deutsche Bank National Trust Company $30,250 None Available
Stockbauer Billy -- None Available
Mundell Michael M $46,500 --
Mundell Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andes Group Inc $110,000
Previous Owner Stockbauer Billy $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2016 11/01/16 Sold $100,000 -28.6% $52 / Sq Ft
10/30/2016 10/30/16 Pending -- -- --
08/30/2016 08/30/16 For Sale $140,000 -- $73 / 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 $4,776 $242,800 $33,400 $209,400
2023 $4,872 $242,800 $33,400 $209,400
2022 $4,834 $206,700 $30,300 $176,400
2021 $4,584 $206,700 $30,300 $176,400
2020 $4,762 $183,700 $26,800 $156,900
2019 $4,410 $183,700 $26,800 $156,900
2018 $4,366 $164,100 $23,100 $141,000
2017 $4,258 $164,100 $23,100 $141,000
2016 $4,148 $157,400 $21,700 $135,700
2015 $4,148 $157,400 $21,700 $135,700
2014 $4,600 $141,600 $19,200 $122,400
Source: Public Records

Agents Affiliated with this Home

  • Pennie Carroll

    Seller's Agent in 2016

    Pennie Carroll

    Pennie Carroll & Associates

    (515) 490-8025

    1 in this area

    1,282 Total Sales

    Pennie Carroll
    Section Image
  • Audra Sypolt

    Buyer's Agent in 2016

    Audra Sypolt

    RE/MAX

    (515) 783-8310

    6 in this area

    282 Total Sales

    Audra Sypolt
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 524693

Des Moines Area Association of REALTORS®

APN: 110-01242002000

Iowa Polk County Des Moines 50316 Capitol Park

1432 E 9th St, Des Moines, IA

This home is located at 1432 E 9th St, Des Moines, IA 50316 since 30 August 2016 and is currently estimated at $233,726, approximately $121 per square foot. This property was built in 1976. 1432 E 9th St is a home located in Polk County with nearby schools including Carver 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.

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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