$70,000
SOLD MAR 9, 2018
-- Bed
2 Baths
1,962 Sq Ft
7,850 Sq Ft Lot

Recently Sold

$36 Per Sq Ft

33% Below List Price

162 Days on Market

Highlights

  • 2 Kitchens
  • Forced Air Heating and Cooling System
  • Carpet
  • No HOA

About This Home

As of September 2022

Great edge of Beaverdale location; but needs work. Spacious 2 bedrom units with one long term tenant. 2 car detached garage and additional off street parking. 1448 unit has laundry. Separate utilities including water. TENANTS PAY ALL UTILITIES including water, sewer, and trash. Significant discount to current assessed value. Current rental certificate to 12/2020. Great upside potential for a take charge person.

Last Agent to Sell the Property

Tom Casey

Key Realty Listed on: 09/25/2017

Last Buyer's Agent

Angela Fisher

Century 21 Signature

Century 21 Signature

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

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

Home Design

  • Brick Foundation
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,962 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Kitchen

  • 2 Kitchens
  • Stove

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System

Listing and Financial Details

  • Assessor Parcel Number 10004107000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $90
  • Gross Income $1,380

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 43.27
  • Sp Amt Sq Ft: 35.68
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: Carpeting, Smoke Detector, Vinyl Floors
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Partial, Unfinished, Walkout
  • Sq Ft Bsmt: 1130
  • Kitchens: 2
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 1962
  • Total Sq Ft: 1962

Exterior Features

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

Garage/Parking

  • Driveway: Gravel
  • Garage: 2 Detached
  • Off Street Parking: 4

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central, Window, Window Unit
  • Heat: Gas Forced Air
  • Separate Meters: y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Fee Information

  • Total Expense: 90

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1800
  • Lot S F: 7850
  • Lot Shape: Regular
  • Lot Size: 50X157
  • Assessor Parcel Number: 10004107000000
  • Zoning: r1-60

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Tenant, Taxes Owner, Water Tenant

Tax Info

  • Gross Taxes: 2884.00
  • Net Taxes: 2884.00

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 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
$232,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,588
Avg. Annual Appreciation
4.36%
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 Type Sale Price Title Company
Quit Claim Deed -- --
Warranty Deed $200,000 --
Warranty Deed $70,000 None Available
Warranty Deed $91,500 --
Warranty Deed $64,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $160,000 New Conventional
Previous Owner $84,000 Credit Line Revolving
Previous Owner $61,650 Commercial
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: 548428

Des Moines Area Association of REALTORS®

APN: 100-04107000000