NOT LISTED FOR SALE

Estimated Value: $149,000 - $186,000

-- Bed
2 Baths
1,436 Sq Ft
$117/Sq Ft Est. Value

Last Sold December 15, 2018

Last sale price $76,000 $53 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $1,067/month

71 Days on Market

About This Home

As of December 2018

INVESTORS!! Two homes for the price of one! This one of a kind opportunity will provide a convenience of having two homes right next to each other. 1987 SW 1st St is a 2 story home with TWO bedrooms & one bath that rents for $700 a month. 1989 SW 1st St is a ranch home with one bedroom that rents for $525 a month. Rental Certificates are renewed and current. Two stoves and two refrigerators are included. There is a new water line coming to the house from street. Landlord pays for the water and tenants pay for other utilities. Upgrades include the new water line, roofs in recent years & attic insulation was also done at that time. This location is near bus line and a few miles from downtown or a short commute to the airport. Check it out!

Last Agent to Sell the Property

Pennie Carroll

Pennie Carroll & Associates Listed on: 08/21/2018

Last Buyer's Agent

Ryan Rivera

Zealty Home Advisors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 8,580 Sq Ft Lot
  • Lot Dimensions are 52x165

Home Design

  • Brick Foundation
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,436 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 02002923000000

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: 1.5 Story
  • Lp Amt Sq Ft: 63.93
  • Sp Amt Sq Ft: 52.92
  • Termite: Call Listing Agent
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • First Floor Full Bathrooms: 1
  • Second Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1200
  • Living Area Sq Ft: 1436
  • Total Sq Ft: 1436

Exterior Features

  • Exterior: Frame
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Asphalt

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Electric Forced Air

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1970
  • Lot S F: 8580
  • Lot Size: 52X165
  • Assessor Parcel Number: 02002923000000
  • Zoning: R1-60

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Insurance Tenant, Misc Exp Landlord, Water Landlord

Tax Info

  • Gross Taxes: 2190.00
  • Net Taxes: 2190.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2018
Closed on
Dec 14, 2018
Sold by
Greiner Bruce and Greiner Jeannette
Bought by
Integrated Housing Solutions Llc
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Ryan Rivera
Zealty Home Advisors
List Price
$96,800
Sold Price
$76,000
Premium/Discount to List
-$20,800
-21.49%
Current Estimated Value
$158,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,551
Avg. Annual Appreciation
11.82%

Purchase Details

Closed on
May 9, 2006
Sold by
Newsom Curtis A and Newsom Gloria J
Bought by
Greiner Bruce and Greiner Jeannette

Purchase Details

Closed on
Sep 3, 1997
Sold by
Gillenwater Thomas and Gillenwater Cindy
Bought by
Newsom Andy and Newsom Curtis A
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
Integrated Housing Solutions Llc $76,000 None Available
Greiner Bruce $59,500 None Available
Newsom Curtis A $43,500 None Available
Newsom Andy $44,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Integrated Housing Solutions L $153,502
Closed Integrated Housing Solutions L $153,600
Closed Integrated Housing Solutions Llc $114,766
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2018 12/15/18 Sold $76,000 -21.5% $53 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
08/21/2018 08/21/18 For Sale $96,800 -- $67 / 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 $2,442 $124,140 $20,600 $103,540
2023 $2,284 $146,800 $20,600 $126,200
2022 $2,336 $119,600 $17,200 $102,400
2021 $2,406 $99,900 $17,200 $82,700
2020 $2,478 $96,400 $16,500 $79,900
2019 $2,402 $95,600 $16,500 $79,100
2018 $2,378 $89,400 $14,500 $74,900
2017 $2,190 $89,400 $14,500 $74,900
2016 $2,134 $81,000 $13,000 $68,000
2015 $2,134 $81,000 $13,000 $68,000
2014 $2,142 $80,600 $12,700 $67,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 567905

Des Moines Area Association of REALTORS®

APN: 020-02923000000