NOT LISTED FOR SALE

Estimated Value: $155,307 - $180,000

-- Bed
2 Baths
3,942 Sq Ft
$43/Sq Ft Est. Value

Last Sold July 11, 2018

Last sale price $105,000 $27 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,170/month

96 Days on Market

Highlights

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

About This Home

As of July 2018

Duplex is part of the River Bend Historic District, and was completely renovated in 2006/2007 including complete electrical, plumbing, HVAC, drywall, flooring, insulation, windows, and siding. The property has been fully leased since completion of renovation. Both units rent for $750/month and the utilities are paid by tenant. Tenants also both pay $100/month toward water garbage sewer utility. Lawn and snow service is about $20/week. Owner is related to the listing broker. Owner has never lived in the property. Listing broker has an investment interest in the property.

Last Agent to Sell the Property

Shawn Wagner

Iotis Realty, LLC Listed on: 10/27/2017

Last Buyer's Agent

Zlatka Kuckovic

Realty ONE Group Impact

Realty ONE Group Impact

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,772

Year Built

  • Built in 1885

Lot Details

  • 6,160 Sq Ft Lot
  • Lot Dimensions are 44x140

Parking

  • Gravel Driveway

Home Design

  • Brick Foundation
  • Block Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 3,942 Sq Ft Home
  • 2-Story Property
  • Laundry Room
  • Unfinished Basement

Kitchen

  • 2 Kitchens
  • Stove

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 08006616000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $3,600
  • Gross Income $20,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,772

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 29.17
  • Sp Amt Sq Ft: 26.64
  • Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 1
  • Third Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 618
  • Kitchens: 2
  • Laundry: Yes
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 3942
  • Total Sq Ft: 3942

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Brick, Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Gravel

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: 2

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Total Expense: 3600

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1410
  • Lot S F: 6160
  • Lot Shape: Regular
  • Lot Size: 44X140
  • Assessor Parcel Number: 08006616000000
  • Zoning: R1-60

Rental Info

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

Tax Info

  • Gross Taxes: 1772.17
  • Net Taxes: 1772.17

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2018
Sold by
Wagner Darwin D and Wagner Cheryl M
Bought by
Fafi David M
Current Estimated Value
$167,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,098
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 22, 2006
Sold by
Wagner Shawn D
Bought by
Wagner Darwin D and Wagner Cheryl M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 2005
Sold by
Abn Amro Mortgage Group Inc
Bought by
Wagner Shawn D

Purchase Details

Closed on
Mar 19, 2003
Sold by
Talley Andrea
Bought by
Akber Jaber

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,750
Interest Rate
5.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 25, 1998
Sold by
Osborne David W and Osborne Cindy A
Bought by
Fouts Edward E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,850
Interest Rate
6.5%
Mortgage Type
Commercial
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
Fafi David M $105,000 None Available
Wagner Darwin D -- Itc
Wagner Darwin D -- Itc
Wagner Shawn D $31,500 Title Services Corporation
Akber Jaber $164,500 --
Fouts Edward E $42,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fafi David M $103,098
Previous Owner Wagner Darwin D $60,000
Previous Owner Akber Jaber $156,750
Previous Owner Fouts Edward E $40,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2018 07/11/18 Sold $105,000 -22.2% $27 / Sq Ft
01/31/2018 01/31/18 Pending -- -- --
10/27/2017 10/27/17 For Sale $135,000 -- $34 / 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 $3,066 $155,900 $8,100 $147,800
2023 $2,704 $155,900 $8,100 $147,800
2022 $2,682 $114,700 $6,200 $108,500
2021 $2,516 $114,700 $6,200 $108,500
2020 $3,185 $100,800 $5,500 $95,300
2019 $1,766 $100,800 $5,500 $95,300
2018 $1,748 $135,500 $5,300 $130,200
2017 $1,498 $135,500 $5,300 $130,200
2016 $1,460 $125,200 $4,800 $120,400
2015 $1,460 $125,200 $4,800 $120,400
2014 $1,378 $119,600 $4,600 $115,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 539069

Des Moines Area Association of REALTORS®

APN: 080-06616000000