$120,000
$3K PRICE DROP

1557 27th St Des Moines, IA 50311

Drake Neighborhood

Estimated payment $788/month

Total Views 8,881
3 Beds
1.5 Baths
1,092 Sq Ft
$110 Price per Sq Ft

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Wood Siding
  • No HOA

About This Home

Investment opportunity! Great location, just a block from Drake University campus. Large backyard and deck off kitchen. This income-producing 3-bedroom rental was generating $1,400 per month with potential for future rent growth. Tenant just vacated and the rental certificate is valid through December 2027—offering peace of mind for quick occupancy. The seller owns a large portfolio—ask your agent for the proforma and details on additional available properties.

Listing Agent

Abby Hausmann-Virgil

Keller Williams Ankeny Metro Listed on: 10/09/2025

Keller Williams Ankeny Metro

Co-Listing Agent

Thomas Vasquez

Keller Williams Realty GDM

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,878

Year Built

  • Built in 1905

Lot Details

  • 8,300 Sq Ft Lot
  • Lot Dimensions are 50x166

Parking

  • Driveway

Home Design

  • 1,092 Sq Ft Home
  • Ranch Style House
  • Brick Foundation
  • Asphalt Shingled Roof
  • Wood Siding

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 08003017000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,878

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Residential
  • Style: Ranch
  • Lp Amt Sq Ft: 109.89
  • Natl Assocof Home Builders: No
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Half Bathrooms: 1
  • First Floor Half Bathrooms: 1
  • Living Area Sq Ft: 1092
  • Total Sq Ft: 1092

Exterior Features

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

Garage/Parking

  • Driveway: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.1910
  • Lot S F: 8300
  • Lot Shape: Regular
  • Lot Size: 50X166
  • Assessor Parcel Number: 08003017000000
  • Zoning: RES

Green Features

  • Additional Green Features: No
  • ENERGYSTAR qualified New Home: No
  • HERS Rating: No
  • Leed For Homes: No
  • Solar: No

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 1878.00
  • Net Taxes: 1878.00

MLS Schools

  • School District: Des Moines Independent

Map

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

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 $1,762 $99,500 $15,100 $84,400
2024 $1,762 $89,600 $13,600 $76,000
2023 $1,624 $89,600 $13,600 $76,000
2022 $1,322 $68,900 $10,800 $58,100
2021 $1,322 $68,900 $10,800 $58,100
2020 $1,290 $61,900 $9,800 $52,100
2019 $1,262 $61,900 $9,800 $52,100
2018 $1,242 $58,700 $9,200 $49,500
2017 $1,164 $58,700 $9,200 $49,500
2016 $1,126 $54,800 $8,600 $46,200
2015 $1,126 $54,800 $8,600 $46,200
2014 $1,078 $52,600 $8,300 $44,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2025 11/14/25 Price Changed $120,000 -2.0% $110 / Sq Ft
10/09/2025 10/09/25 For Sale $122,500 +104.2% $112 / Sq Ft
11/19/2021 11/19/21 Sold $60,000 0.0% $55 / Sq Ft View Prior Sale
09/12/2021 09/12/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $60,000 -- $55 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $60,000 None Listed On Document
Fiduciary Deed -- None Listed On Document
Deed -- --
Legal Action Court Order -- None Available
Source: Public Records

Source: Des Moines Area Association of REALTORS®

MLS Number: 727935

Des Moines Area Association of REALTORS®

APN: 080-03017000000

Iowa Polk County Des Moines 50310 Drake

1557 27th St, Des Moines, IA

For Sale

Detached

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
Abby Hausmann-Virgil
Listing Agent
Abby Hausmann-Virgil
Section Image
Keller Williams Ankeny Metro
(515) 517-6940