NOT LISTED FOR SALE

Estimated Value: $136,000 - $145,613

-- Bed
1 Bath
1,002 Sq Ft
$141/Sq Ft Est. Value

Last Sold March 13, 2024

Last sale price $142,000 $142 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,057/month

155 Days on Market

Highlights

  • 2 Kitchens
  • Ranch Style House
  • Forced Air Heating System
  • 0.69 Acre Lot
  • No HOA
  • 3-minute walk to Witmer Park

About This Home

As of March 2024

Welcome to your ideal investment or welcome home! This well maintained duplex not only provides the perfect income generating option but also offers an opportunity for an owner occupier looking to reduce living expenses and build wealth. The top level is vacant, so you can live upstairs in the larger unit and rent downstairs to current tenants. This newly updated, 2 bedroom duplex is large inside and has a huge wooded back yard! The back has a double lot with extra room. All across from Witmer park! The tenants below really enjoy the neighborhood with local favorites near by like Snooki’s Malt shop, Motley School Tavern and more just blocks away. Recent upgrades such as LVP flooring, NEW bedroom carpet, fresh interior paint jobs, bathroom vanity and many other updates in 2023. Moreover, it comes with a rental certificate valid through January 2026, making it an attractive package for those seeking rental income and long-term value. Room to increase lower unit rent soon and pass 50% utility cost to tenants too. A true turnkey rental. Don't miss out on this prime investment in Des Moines! Seller also offering to fill & lease upstairs unit before closing if wanted, with qualified tenant. Rate buy-down credit available too! Ask for details

Last Agent to Sell the Property

Pennie Carroll

Pennie Carroll & Associates Listed on: 09/07/2023

Last Buyer's Agent

David Burgos

Fathom Realty

Fathom Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.69 Acre Lot
  • Irregular Lot

Parking

  • Gravel Driveway

Home Design

  • 1,002 Sq Ft Home
  • Ranch Style House
  • Brick Foundation
  • Asphalt Shingled Roof

Kitchen

  • 2 Kitchens
  • Stove

Bedrooms and Bathrooms

  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 10009899001000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $1,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 139.72
  • Sp Amt Sq Ft: 141.72
  • Termite: Follow Showing Instructions
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Second Floor Full Bathrooms: 1
  • Basement Description: Partial Finished
  • Sq Ft Bsmt: 1012
  • Sq Ft Fin Bsmt: 800
  • Kitchens: 2
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 1002
  • Total Sq Ft: 1002

Exterior Features

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

Garage/Parking

  • Driveway: Gravel

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: 0.6860
  • Lot S F: 29875
  • Lot Shape: Irregular
  • Assessor Parcel Number: 10009899001000
  • Zoning: N5

Tax Info

  • Gross Taxes: 3558.00
  • Net Taxes: 3558.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2023
Closed on
Mar 12, 2024
Sold by
Win Llc
Bought by
Antonio Cesarina Polanco
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
David Burgos
Fathom Realty
List Price
$155,000
Sold Price
$142,000
Premium/Discount to List
-$13,000
-8.39%
Views
183
Current Estimated Value
$140,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,958
Avg. Annual Appreciation
-1.54%
Original Mortgage
$139,428
Outstanding Balance
$137,776
Interest Rate
6.63%
Mortgage Type
FHA
Estimated Equity
$1,122

Purchase Details

Closed on
Aug 11, 2023
Sold by
Win Llc
Bought by
Wilson & Cross Properties Llc

Purchase Details

Closed on
Jul 12, 2023
Sold by
Gdm Properties Llc
Bought by
K & N Equity Llc

Purchase Details

Closed on
Apr 13, 1998
Sold by
Stamatelos Dan and Stamatelos Pat
Bought by
Sparboe Garth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,100
Interest Rate
7.18%
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
Antonio Cesarina Polanco -- None Listed On Document
Antonio Cesarina Polanco $142,000 None Listed On Document
Wilson & Cross Properties Llc -- None Listed On Document
K & N Equity Llc -- None Listed On Document
K & N Equity Llc $80,000 None Listed On Document
Sparboe Garth $44,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Antonio Cesarina Polanco $139,428
Previous Owner Sparboe Garth $27,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2024 03/13/24 Sold $142,000 +1.4% $142 / Sq Ft
02/09/2024 02/09/24 Pending -- -- --
01/31/2024 01/31/24 Price Changed $140,000 -3.4% $140 / Sq Ft
01/02/2024 01/02/24 Price Changed $145,000 -2.6% $145 / Sq Ft
12/23/2023 12/23/23 Price Changed $148,900 -0.1% $149 / Sq Ft
12/21/2023 12/21/23 Price Changed $149,000 -0.3% $149 / Sq Ft
11/30/2023 11/30/23 Price Changed $149,400 -0.3% $149 / Sq Ft
11/21/2023 11/21/23 Price Changed $149,900 -3.3% $150 / Sq Ft
11/09/2023 11/09/23 For Sale $155,000 +9.2% $155 / Sq Ft
10/24/2023 10/24/23 Off Market $142,000 -- --
10/12/2023 10/12/23 Price Changed $155,000 -1.9% $155 / Sq Ft
09/28/2023 09/28/23 Price Changed $158,000 -4.2% $158 / Sq Ft
09/07/2023 09/07/23 For Sale $165,000 -- $165 / 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 $3,522 $179,000 $60,100 $118,900
2023 $3,532 $179,000 $60,100 $118,900
2022 $3,506 $149,900 $51,900 $98,000
2021 $3,396 $149,900 $51,900 $98,000
2020 $3,528 $136,100 $47,500 $88,600
2019 $3,244 $136,100 $47,500 $88,600
2018 $3,210 $120,700 $41,600 $79,100
2017 $2,920 $120,700 $41,600 $79,100
2016 $2,846 $108,000 $37,100 $70,900
2015 $2,846 $108,000 $37,100 $70,900
2014 $2,520 $98,400 $33,500 $64,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 681618

Des Moines Area Association of REALTORS®

APN: 100-09899001000