NOT LISTED FOR SALE

1437 E 40th St Des Moines, IA 50317

Gray's Woods Neighborhood

Estimated Value: $226,328 - $264,000

-- Bed
1 Bath
1,056 Sq Ft
$229/Sq Ft Est. Value

Last Sold November 01, 2016

Last sale price $155,000 $147 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,617/month

56 Days on Market

Highlights

  • 2 Kitchens
  • Laundry Room
  • Forced Air Heating and Cooling System
  • No HOA
  • Storage

About This Home

As of November 2016

This is a hard to find duplex with 3 bedrooms on each side. Built in 1992 and conveniently located just a few blocks north of University, it has a good rental history. The owners just rented the same unit next door for $895/month and other rents could be increased. Up/Down split with the bedrooms on the top level and kitchen, dining area and living room down. New efficient gas furnaces in 2013, newer water heaters, new roof in 2013 and one new AC unit in 2015. Low maintenance vinyl siding. Separate water, gas and electric meters and separate driveways. Stoves and refrigerators stay with the property. This duplex can be purchased separately or with same duplex next door at 1431 & 1433.

Last Agent to Sell the Property

Larry Tuel

RE/MAX Concepts Listed on: 08/29/2016

Last Buyer's Agent

Matt Schafer

Century 21 Signature

Century 21 Signature

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,054

Year Built

  • Built in 1992

Lot Details

  • 8,537 Sq Ft Lot
  • Lot Dimensions are 68x125

Home Design

  • Split Foyer
  • Brick Exterior Construction
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1 Full Bathroom
  • 1,056 Sq Ft Home
  • Storage
  • Laundry Room
  • Finished Basement
  • Basement Window Egress
  • 2 Kitchens

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Gross Income $1,695

Listing and Financial Details

  • Assessor Parcel Number 06000711101002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,054

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Split Foyer
  • Lp Amt Sq Ft: 151.42
  • Sp Amt Sq Ft: 146.78
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Third Floor Full Bathrooms: 1
  • Basement Description: Daylight Window, Egress Windows, Finished
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes
  • Living Area Sq Ft: 1056
  • Total Sq Ft: 1056

Exterior Features

  • Exterior: Brick, Vinyl Siding
  • Foundation: Concrete Block
  • Paved: No

Garage/Parking

  • Off Street Parking: 4

Utilities

  • Sewer: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.1960
  • Lot S F: 8537
  • Lot Size: 68X125
  • Assessor Parcel Number: 06000711101002
  • Zoning: R-2

Rental Info

  • Deposit: Yes
  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Insurance Landlord, Misc Exp Landlord

Tax Info

  • Gross Taxes: 3054.00
  • Net Taxes: 3054.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2016
Closed on
Oct 25, 2016
Sold by
Protos Properties Llc
Bought by
Kcrb Properties Llc
Seller's Agent
Larry Tuel
RE/MAX Concepts
Buyer's Agent
Matt Schafer
Century 21 Signature
List Price
$159,900
Sold Price
$155,000
Premium/Discount to List
-$4,900
-3.06%
Current Estimated Value
$241,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,582
Avg. Annual Appreciation
5.02%
Original Mortgage
$248,000
Outstanding Balance
$198,945
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$42,637

Purchase Details

Closed on
Dec 4, 2007
Sold by
Jer Ela Properties
Bought by
Hagan Stephen and Hagan Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,950
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Kcrb Properties Llc $155,000 None Available
Hagan Stephen $135,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kcrb Properties Llc $248,000
Previous Owner Hagan Stephen $121,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2016 11/01/16 Sold $155,000 -3.1% $147 / Sq Ft
10/24/2016 10/24/16 Pending -- -- --
08/29/2016 08/29/16 For Sale $159,900 -- $151 / 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
2025 $4,092 $231,300 $24,500 $206,800
2024 $4,092 $208,000 $21,700 $186,300
2023 $3,820 $208,000 $21,700 $186,300
2022 $3,792 $162,100 $17,700 $144,400
2021 $3,570 $162,100 $17,700 $144,400
2020 $3,710 $143,100 $15,500 $127,600
2019 $3,386 $143,100 $15,500 $127,600
2018 $3,352 $126,000 $13,500 $112,500
2017 $3,134 $126,000 $13,500 $112,500
2016 $3,054 $115,900 $12,600 $103,300
2015 $3,054 $115,900 $12,600 $103,300
2014 $2,896 $113,100 $12,000 $101,100
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Larry Tuel

    RE/MAX

  • M

    Buyer's Agent in 2016

    Matt Schafer

    Century 21 Signature

    (515) 963-1040

    23 Total Sales

    Matt Schafer
    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 524546

Des Moines Area Association of REALTORS®

APN: 060-00711101002

Iowa Polk County Des Moines 50317 Gray's Woods

1437 E 40th St, Des Moines, IA

Not Listed for Sale

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.

Nearby Homes