NOT LISTED FOR SALE

2040 Capitol Ave Des Moines, IA 50317

Fairground Neighborhood

Estimated Value: $110,244 - $143,000

2 Beds
1 Bath
664 Sq Ft
$185/Sq Ft Est. Value

Last Sold April 10, 2015

Last sale price $31,000 $47 Per Sq Ft

Est. 295% increase in value since last sale

Current estimated payment $769/month

64 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Dining Area
  • Bungalow

About This Home

As of April 2015

Home has some recent updates. Cute and move in ready, just need appliances and some minor TLC. No offers will be accepted within first 48 hours During the first 20 days a property is in MLS, only owner occupant offers or those from a public entity or designated partner will be considered. Investor offers will be considered after the 20th day if property is still available. This property is eligible under the Freddie Mac First Look Initiative through 2/24/15. Up to $500 credit for HOW of buyer's choice, applies to Owner Occupants only. Home inspection is for buyers knowledge only.

Last Agent to Sell the Property

Marija Balac

Realty ONE Group Impact Listed on: 02/05/2015

Realty ONE Group Impact

Last Buyer's Agent

Stephanie Dart

RE/MAX Concepts

RE/MAX Concepts

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1914

Lot Details

  • 5,840 Sq Ft Lot
  • Lot Dimensions are 40x146
  • Property is zoned R1-60

Parking

  • Gravel Driveway

Home Design

  • Bungalow
  • Brick Foundation
  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 664 Sq Ft Home
  • Dining Area
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 04006296000000

Home Details

Home Type

Single Family

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Residential
  • Style: Bungalow
  • Lp Amt Sq Ft: 53.00
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 47.00
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement Description: Unfinished
  • Dining Room: Dining Areas
  • Living Area Sq Ft: 664
  • Total Sq Ft: 664

Exterior Features

  • Exterior: Metal Siding
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Gravel

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.1340
  • Lot S F: 5840
  • Lot Size: 40x146
  • Assessor Parcel Number: 04006296000000
  • Zoning: R1-60

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: 1098.00
  • Net Taxes: 1098.00
  • Assessor Parcel Number: 2040CAPITOLAVEPOLKDESMOINE50317

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2015
Closed on
Apr 10, 2015
Sold by
Lane Investments Llc
Bought by
E P C Llc
Seller's Agent
Marija Balac
Realty ONE Group Impact
Buyer's Agent
Stephanie Dart
RE/MAX Concepts
List Price
$34,900
Sold Price
$31,000
Premium/Discount to List
-$3,900
-11.17%
Current Estimated Value
$122,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,561
Avg. Annual Appreciation
13.56%

Purchase Details

Listed on
Feb 5, 2015
Closed on
Apr 8, 2015
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Lane Investments Llc
Seller's Agent
Marija Balac
Realty ONE Group Impact
Buyer's Agent
Stephanie Dart
RE/MAX Concepts
List Price
$34,900
Sold Price
$31,000
Premium/Discount to List
-$3,900
-11.17%

Purchase Details

Closed on
Dec 26, 2014
Sold by
M & T Bank
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 18, 2014
Sold by
Stewart Lonnie
Bought by
M & T Bank

Purchase Details

Closed on
Jul 11, 2007
Sold by
Stewart Lonnie R
Bought by
Stewart Investment Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,200
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2007
Sold by
Us Bank Na
Bought by
Stewart Lonnie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,200
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2007
Sold by
James Kevin L
Bought by
Us Bank Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,200
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2003
Sold by
Darling Eric and Darling Carol
Bought by
James Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
9.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
E P C Llc $35,000 None Available
Lane Investments Llc -- None Available
Federal Home Loan Mortgage Corporation -- None Available
M & T Bank $33,483 None Available
Stewart Investment Holdings Llc -- None Available
Stewart Lonnie R $27,500 None Available
Us Bank Na $30,432 None Available
James Kevin $59,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stewart Lonnie R $25,200
Previous Owner James Kevin $54,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2015 04/10/15 Sold $31,000 -11.2% $47 / Sq Ft
04/10/2015 04/10/15 Pending -- -- --
02/05/2015 02/05/15 For Sale $34,900 -- $53 / Sq Ft
Source: Des Moines Area Association of REALTORS®

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 $1,420 $86,200 $23,400 $62,800
2024 $1,420 $72,220 $19,900 $52,320
2023 $1,358 $73,600 $19,900 $53,700
2022 $1,348 $59,000 $16,300 $42,700
2021 $1,248 $59,000 $16,300 $42,700
2020 $1,296 $51,400 $14,300 $37,100
2019 $1,158 $51,400 $14,300 $37,100
2018 $1,148 $44,500 $12,300 $32,200
2017 $1,088 $44,500 $12,300 $32,200
2016 $1,096 $41,600 $11,500 $30,100
2015 $1,096 $41,600 $11,500 $30,100
2014 $3,053 $42,900 $11,800 $31,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Marija Balac

    Realty ONE Group Impact

    (515) 999-0730

    16 Total Sales

    Marija Balac
    Section Image
  • Stephanie Dart

    Buyer's Agent in 2015

    Stephanie Dart

    RE/MAX

    (641) 521-6044

    145 Total Sales

    Stephanie Dart
    Section Image
  • Shane Torres

    Buyer Co-Listing Agent in 2015

    Shane Torres

    RE/MAX

    (515) 984-0222

    4 in this area

    551 Total Sales

    Shane Torres
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 448368

Des Moines Area Association of REALTORS®

APN: 040-06296000000

Iowa Polk County Des Moines 50317 Fairground

2040 Capitol Ave, Des Moines, IA

Not Listed for Sale

Detached

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