NOT LISTED FOR SALE

1432 E 9th St Des Moines, IA 50316

Capitol Park Neighborhood

Estimated Value: $204,000 - $310,660

Studio
2 Baths
1,920 Sq Ft
$141/Sq Ft Est. Value

Sale Details

Date Sold: November 1, 2016

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

Est. 170% increase in value since last sale

Current estimated payment $1,855 / mo

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

  • 14,040 Sq Ft Lot
  • Lot Dimensions are 65x216

Parking

  • 2 Car Detached Garage

Home Design

  • 1,920 Sq Ft Home
  • Brick Exterior Construction
  • Poured Concrete
  • 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

0.32 Acres

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
  • 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

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

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
Aug 30, 2016
Closed on
Dec 28, 2016
Sold by
Bought by
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
$270,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,165
Avg. Annual Appreciation
10.86%

Purchase Details

Listed on
Aug 30, 2016
Closed on
Oct 30, 2016
Sold by
Bought by
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%

Purchase Details

Closed on
Sep 8, 2014
Sold by
Bought by

Purchase Details

Closed on
Jan 17, 2012
Sold by
Bought by

Purchase Details

Closed on
Sep 6, 2006
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
$70,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2004
Sold by
Bought by

Purchase Details

Closed on
May 21, 2001
Sold by
Bought by
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
-- None Available
-- None Available
-- None Available
$30,250 None Available
-- None Available
$46,500 --
-- --
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
Previous Owner $70,000
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
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

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 $4,776 $270,600 $37,800 $232,800
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

    1,222 Total Sales

    Pennie Carroll
    Section Image
  • Audra Sypolt

    Buyer's Agent in 2016

    Audra Sypolt

    RE/MAX

    (515) 783-8310

    6 in this area

    261 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

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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