1724 8th St Des Moines, IA 50314
River Bend NeighborhoodEstimated Value: $171,425 - $192,000
--
Bed
2
Baths
2,810
Sq Ft
$65/Sq Ft
Est. Value
About This Home
As of March 2018Calling all Investors! This is an opportunity to purchase a rental property that is fully occupied and all units on separate meters. The first floor features two units, one with two bedrooms and one with one bedroom. The same is on the 2nd floor. Stoves & refrigerators are included in each unit. Basement can be used for storage. This location is near busline and downtown Des Moines.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1903
Lot Details
- 6,400 Sq Ft Lot
- Lot Dimensions are 50x128
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 2,810 Sq Ft Home
- 2-Story Property
- 4 Kitchens
- Unfinished Basement
Utilities
- No Cooling
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 08005309000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 5, 2018
Closed on
Mar 19, 2018
Sold by
Feldman Tamie J and Maloy Shannon
Bought by
Feldmann Steven M
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Baba Agbaje
Century 21 Signature Real Esta
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%
Total Days on Market
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,713
Avg. Annual Appreciation
6.63%
Original Mortgage
$86,250
Outstanding Balance
$52,465
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$129,248
Purchase Details
Listed on
Feb 5, 2018
Closed on
Mar 16, 2018
Sold by
Feldman Steven M and Feldmann Shelly
Bought by
Wu Wenyan and Chen Jie
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Baba Agbaje
Century 21 Signature Real Esta
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Outstanding Balance
$52,465
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$129,248
Create a Home Valuation Report for This Property
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Similar Homes in Des Moines, IA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Feldmann Steven M | -- | None Available | |
| Wu Wenyan | $115,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wu Wenyan | $86,250 | |
| Previous Owner | Feldmann Steven M | $88,495 | |
| Previous Owner | Feldmann Steven M | $88,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/22/2018 03/22/18 | Sold | $115,000 | -8.0% | $41 / Sq Ft |
| 03/19/2018 03/19/18 | Pending | -- | -- | -- |
| 02/05/2018 02/05/18 | For Sale | $125,000 | -- | $44 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Tax History Compared to Growth
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 | $4,386 | $223,000 | $6,800 | $216,200 |
| 2023 | $4,266 | $223,000 | $6,800 | $216,200 |
| 2022 | $4,986 | $181,000 | $5,700 | $175,300 |
| 2021 | $4,720 | $181,000 | $5,700 | $175,300 |
| 2020 | $4,964 | $148,000 | $5,100 | $142,900 |
| 2019 | $4,356 | $148,000 | $5,100 | $142,900 |
| 2018 | $4,632 | $123,000 | $5,100 | $117,900 |
| 2017 | $4,350 | $123,000 | $5,100 | $117,900 |
| 2016 | $4,536 | $111,000 | $4,500 | $106,500 |
| 2015 | $4,536 | $111,000 | $4,500 | $106,500 |
| 2014 | $4,404 | $98,500 | $4,500 | $94,000 |
Source: Public Records
Agents Affiliated with this Home
-
Pennie Carroll
Seller's Agent in 2018
Pennie Carroll
Pennie Carroll & Associates
(515) 490-8025
3 in this area
1,317 Total Sales
-
Baba Agbaje
Buyer's Agent in 2018
Baba Agbaje
Century 21 Signature Real Esta
(515) 460-5737
78 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 554551
APN: 080-05309000000
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