NOT LISTED FOR SALE

Estimated Value: $230,670 - $233,000

-- Bed
2 Baths
1,962 Sq Ft
$118/Sq Ft Est. Value

Last Sold September 15, 2022

Last sale price $200,000 $102 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,581/month

60 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Forced Air Heating System
  • Corner Lot
  • Laundry Room
  • Asbestos

About This Home

As of September 2022

Great location close to Beaverdale and within easy walking distance to the Drake campus. Both units located in this up/down duplex have been remodeled. Lower unit contains a living room, dining room, full kitchen with dishwasher, two bedrooms and 1 full bath. Upstairs unit has a living room, full kitchen with dishwasher, two bedrooms and one full bathroom. Each unit has its own separate water heater and furnace. Basement also includes shared laundry room, washer & dryer stay with the property. Detached two car garage included on this large corner lot with extra parking spaces. Tenant are responsible for gas, electric & water. New furnace for upstairs unit in 2021, new roof in 2019 and new garage doors and openers in 2021. Rental Certificate with the City of Des Moines is good through April 2025! Don't miss out on this turnkey investment property.

Last Agent to Sell the Property

Tim Hegwood

PMI Realty Central Iowa Listed on: 06/11/2022

Last Buyer's Agent

Darson Grantham

Keller Williams Realty GDM

Keller Williams Realty GDM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,642

Year Built

  • Built in 1905

Lot Details

  • 7,850 Sq Ft Lot
  • Lot Dimensions are 50x157
  • Corner Lot

Home Design

  • 1,962 Sq Ft Home
  • Duplex
  • Brick Foundation
  • Asphalt Shingled Roof
  • Asbestos

Kitchen

  • 2 Kitchens
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Additional Features

  • Unfinished Basement

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 10004107000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,642

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Duplex
  • Lp Amt Sq Ft: 106.52
  • Sp Amt Sq Ft: 101.94
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1130
  • Kitchens: 2
  • Laundry: Yes
  • Included Items: Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 1962
  • Total Sq Ft: 1962

Exterior Features

  • Exterior: Asbestos
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Gravel
  • Garage: 2 Detached

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1800
  • Lot S F: 7850
  • Lot Shape: Corner Lot
  • Lot Size: 50X157
  • Assessor Parcel Number: 10004107000000
  • Zoning: RES

Rental Info

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

Tax Info

  • Gross Taxes: 2642.00
  • Net Taxes: 2642.00
  • Tax Year: 2021

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 11, 2022
Closed on
Sep 21, 2022
Sold by
Jonathan Argueta
Bought by
Maize Forest Llc
Seller's Agent
Tim Hegwood
PMI Realty Central Iowa
Buyer's Agent
Darson Grantham
Keller Williams Realty GDM
List Price
$240,000
Sold Price
$200,000
Premium/Discount to List
-$40,000
-16.67%
Views
11
Current Estimated Value
$227,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,436
Avg. Annual Appreciation
4.58%
Original Mortgage
$160,000
Outstanding Balance
$153,641
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$74,076

Purchase Details

Listed on
Jun 11, 2022
Closed on
Sep 13, 2022
Sold by
Schmitz David J and Schmitz Teresa R
Bought by
Argueta Jonathan
Seller's Agent
Tim Hegwood
PMI Realty Central Iowa
Buyer's Agent
Darson Grantham
Keller Williams Realty GDM
List Price
$240,000
Sold Price
$200,000
Premium/Discount to List
-$40,000
-16.67%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Outstanding Balance
$153,641
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$74,076

Purchase Details

Listed on
Sep 25, 2017
Closed on
Mar 7, 2018
Sold by
Apartments By Ellingson Llc
Bought by
Schmitz David J and Schmitz Teresa R
Seller's Agent
Tom Casey
Key Realty
Buyer's Agent
Angela Fisher
Century 21 Signature
List Price
$105,000
Sold Price
$70,000
Premium/Discount to List
-$35,000
-33.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.14%
Original Mortgage
$84,000
Interest Rate
4.15%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 20, 2003
Sold by
Medinoski Jasar and Medinoski Alma
Bought by
Ellingson Brian

Purchase Details

Closed on
Sep 15, 1999
Sold by
Knittle Robert C
Bought by
Medinoski Jasar and Medinoski Fuat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,650
Interest Rate
7.37%
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
Maize Forest Llc -- --
Argueta Jonathan $200,000 --
Schmitz David J $70,000 None Available
Ellingson Brian $91,500 --
Medinoski Jasar $64,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Argueta Jonathan $160,000
Previous Owner Schmitz David J $84,000
Previous Owner Ellingson Brian $150,000
Previous Owner Medinoski Jasar $61,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2022 09/15/22 Sold $200,000 -4.3% $102 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
07/25/2022 07/25/22 Price Changed $209,000 -4.6% $107 / Sq Ft
07/12/2022 07/12/22 Price Changed $219,000 -4.8% $112 / Sq Ft
06/28/2022 06/28/22 Price Changed $230,000 -4.2% $117 / Sq Ft
06/11/2022 06/11/22 For Sale $240,000 +242.9% $122 / Sq Ft
03/09/2018 03/09/18 Sold $70,000 -33.3% $36 / Sq Ft
03/06/2018 03/06/18 Pending -- -- --
09/25/2017 09/25/17 For Sale $105,000 -- $54 / 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 $4,020 $204,300 $29,300 $175,000
2023 $2,830 $204,300 $29,300 $175,000
2022 $2,808 $120,100 $24,000 $96,100
2021 $2,642 $120,100 $24,000 $96,100
2020 $2,746 $105,900 $21,400 $84,500
2019 $3,080 $105,900 $21,400 $84,500
2018 $3,048 $114,600 $19,200 $95,400
2017 $2,884 $114,600 $19,200 $95,400
2016 $2,810 $106,600 $17,800 $88,800
2015 $2,810 $106,600 $17,800 $88,800
2014 $2,660 $100,100 $16,700 $83,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 653977

Des Moines Area Association of REALTORS®

APN: 100-04107000000