NOT LISTED FOR SALE

1504 28th St Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $229,859 - $236,000

-- Bed
4 Baths
2,608 Sq Ft
$89/Sq Ft Est. Value

Last Sold August 11, 2016

Last sale price $87,000 $33 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $1,583/month

293 Days on Market

Highlights

  • 4 Kitchens
  • No HOA
  • Forced Air Heating System

About This Home

As of August 2016

Instant income potential with this 4-Plex. Located across from Drake Stadium in excellent location. Three 1-bedroom units, One studio unit.

Last Agent to Sell the Property

Shane Torres

RE/MAX Concepts Listed on: 10/23/2015

RE/MAX Concepts

Co-Listed By

Jenna Lago

Realty ONE Group Impact

Last Buyer's Agent

Lance Martinson

RE/MAX Revolution

RE/MAX Revolution

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1906

Lot Details

  • 7,350 Sq Ft Lot
  • Lot Dimensions are 50x147

Home Design

  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2,608 Sq Ft Home
  • 2-Story Property
  • 4 Kitchens
  • Unfinished Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 08003276000000

Property Details

Home Type

Multi-Family

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 38.31
  • Sp Amt Sq Ft: 33.36
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • First Floor Full Bathrooms: 3
  • Full Bathrooms: 1
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 496
  • Kitchens: 4
  • Living Area Sq Ft: 2608
  • Total Sq Ft: 2608

Exterior Features

  • Exterior: Vinyl Siding
  • Roof: Asphalt Shingle

Utilities

  • Air Conditioner: Window Unit
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1690
  • Lot S F: 7350
  • Lot Size: 50X147
  • Assessor Parcel Number: 08003276000000
  • Zoning: R1-60

Rental Info

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

Tax Info

  • Gross Taxes: 3413.00
  • Net Taxes: 3413.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2020
Sold by
Bbt Rentals Llc
Bought by
Lenox Properties Llc
Current Estimated Value
$232,930

Purchase Details

Closed on
Feb 27, 2017
Sold by
Amen Corner Llc
Bought by
Bbt Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 23, 2015
Closed on
Aug 11, 2016
Sold by
Johnston Family Investments Llc
Bought by
Amen Corner Llc
Seller's Agent
Shane Torres
RE/MAX Concepts
Buyer's Agent
Lance Martinson
RE/MAX Revolution
List Price
$114,995
Sold Price
$87,000
Premium/Discount to List
-$27,995
-24.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.07%

Purchase Details

Listed on
Feb 29, 2012
Closed on
May 9, 2013
Sold by
Bvi Real Estate Llc
Bought by
Johnston Family Investments Llc
Seller's Agent
Andrew Westlake
Peoples Company
Buyer's Agent
Danny Ivankovich
Agency Iowa
List Price
$100,000
Sold Price
$90,000
Premium/Discount to List
-$10,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.04%
Original Mortgage
$72,000
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 13, 2007
Sold by
Vajgrt Curtis J and Vajgrt Marie L
Bought by
Critelli Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,200
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 1999
Sold by
Leedom Eddie and Leedom Marcia A
Bought by
Vajgrt Curtis J and Vajgrt Marie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,200
Interest Rate
6.88%
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
Lenox Properties Llc $155,000 None Available
Bbt Rentals Llc $168,000 None Available
Amen Corner Llc -- None Available
Johnston Family Investments Llc $90,000 None Available
Critelli Properties Llc $102,500 None Available
Vajgrt Curtis J $63,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bbt Rentals Llc $975,000
Previous Owner Johnston Family Investments Llc $72,000
Previous Owner Critelli Properties Llc $93,200
Previous Owner Vajgrt Curtis J $51,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2016 08/11/16 Sold $87,000 -24.3% $33 / Sq Ft
07/12/2016 07/12/16 Pending -- -- --
10/23/2015 10/23/15 For Sale $114,995 +27.8% $44 / Sq Ft
05/14/2013 05/14/13 Sold $90,000 -10.0% $35 / Sq Ft
04/15/2013 04/15/13 Pending -- -- --
02/29/2012 02/29/12 For Sale $100,000 -- $38 / 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 $3,758 $191,000 $23,300 $167,700
2023 $3,654 $191,000 $23,300 $167,700
2022 $4,270 $155,000 $19,500 $135,500
2021 $3,792 $155,000 $19,500 $135,500
2020 $4,260 $127,000 $17,700 $109,300
2019 $4,072 $127,000 $17,700 $109,300
2018 $3,466 $115,000 $17,700 $97,300
2017 $3,252 $92,000 $17,700 $74,300
2016 $3,392 $83,000 $14,800 $68,200
2015 $3,392 $83,000 $14,800 $68,200
2014 $3,176 $74,000 $14,800 $59,200
Source: Public Records

Agents Affiliated with this Home

  • Shane Torres

    Seller's Agent in 2016

    Shane Torres

    RE/MAX

    (515) 984-0222

    4 in this area

    622 Total Sales

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  • Jenna Lago

    Seller Co-Listing Agent in 2016

    Jenna Lago

    Realty ONE Group Impact

    (515) 954-5734

    4 in this area

    221 Total Sales

    Section Image
  • Lance Martinson

    Buyer's Agent in 2016

    Lance Martinson

    RE/MAX

    (515) 371-8765

    12 in this area

    358 Total Sales

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  • Andrew Westlake

    Seller's Agent in 2013

    Andrew Westlake

    Peoples Company

    (515) 771-7588

    6 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2013

    Bradley VanWeelden

    Peoples Company

    (515) 745-4079

    6 Total Sales

    Section Image

  • D

    Buyer's Agent in 2013

    Danny Ivankovich

    Agency Iowa

    (515) 770-3266

    1 in this area

    43 Total Sales

    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 506890

Des Moines Area Association of REALTORS®

APN: 080-03276000000

Iowa Polk County Des Moines 50311 Drake

1504 28th St, Des Moines, IA

This home is located at 1504 28th St, Des Moines, IA 50311 since 23 October 2015 and is currently estimated at $232,930, approximately $89 per square foot. This property was built in 1906. 1504 28th St is a home located in Polk County with nearby schools including Perkins Elementary School, Meredith Middle School, and Hoover High School.

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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