NOT LISTED FOR SALE

Estimated Value: $179,000 - $210,212

-- Bed
2 Baths
1,260 Sq Ft
$153/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $140,000 $111 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,395/month

12 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Storage
  • Ranch Style House
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of June 2021

Duplex for sale below assessment value. One unit is occupied with rent of $680/month and tenant will stay. This is a brick house has off street parking and parking pad in back for tenants. Some hard wood floor and some newer floor and an full basement. Separated meters for the gas/electricity which the tenants pay. There is one water bill that tenants split. City inspection has been just conducted and the rental certificate, which is good for the next 3 years, to be provided prior to closing. . Property is for sale "as is". Seller does not do repairs.

Last Listed By

Cindy Chen

New Horizon Realty, LLC Listed on: 05/03/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,174 Sq Ft Lot
  • Lot Dimensions are 49x126

Parking

  • Driveway

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,260 Sq Ft Home
  • Storage
  • Laundry Room
  • Unfinished Basement

Kitchen

  • 2 Kitchens
  • Stove

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 10009938000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $16,320

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 113.10
  • Sp Amt Sq Ft: 111.11
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: See Remarks
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • First Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1260
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 1260
  • Total Sq Ft: 1260

Exterior Features

  • Exterior: Brick
  • Foundation: Concrete Block
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Sidewalk: y
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete
  • Off Street Parking: yes

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: y

Association/Amenities

  • Amenities: See Remarks

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1420
  • Lot S F: 6174
  • Lot Size: 49X126
  • Assessor Parcel Number: 10009938000000
  • Zoning: R1-60

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Tenant, Taxes Owner, Water Tenant

Tax Info

  • Gross Taxes: 3780.00
  • Net Taxes: 3780.00
  • Tax Year: 2021

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Jun 11, 2021
Sold by
Lowa Fortune Homes Llc
Bought by
Podium Group Llc
Seller's Agent
Cindy Chen
New Horizon Realty, LLC
Buyer's Agent
Kim Poam Logan
RE/MAX Concepts
List Price
$142,500
Sold Price
$140,000
Premium/Discount to List
-$2,500
-1.75%
Total Days on Market
12
Current Estimated Value
$193,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,053
Avg. Annual Appreciation
8.45%
Original Mortgage
$200,000
Outstanding Balance
$183,035
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$10,018

Purchase Details

Listed on
Jan 28, 2016
Closed on
Apr 26, 2016
Sold by
Welch Peter S and Welch Sharon M
Bought by
Iowa Fortune Homes Llc
Seller's Agent
Marlene Thatcher
Keller Williams Realty GDM
Buyer's Agent
Marlene Thatcher
Keller Williams Realty GDM
List Price
$107,900
Sold Price
$102,000
Premium/Discount to List
-$5,900
-5.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.38%

Purchase Details

Closed on
Dec 9, 2005
Sold by
Schenk Elizabeth A
Bought by
Welch Peter S and Welch Sharon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
6.48%
Mortgage Type
Fannie Mae Freddie Mac

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
Podium Group Llc $140,000 None Available
Iowa Fortune Homes Llc $102,000 None Available
Welch Peter S $97,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Podium Group Llc $200,000
Previous Owner Welch Peter S $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2021 06/11/21 Sold $140,000 -1.8% $111 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $142,500 +39.7% $113 / Sq Ft
04/29/2016 04/29/16 Sold $102,000 -5.5% $81 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $107,900 -- $86 / 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 $3,770 $191,600 $32,000 $159,600
2023 $3,728 $191,600 $32,000 $159,600
2022 $3,700 $158,200 $27,600 $130,600
2021 $3,638 $158,200 $27,600 $130,600
2020 $3,780 $145,800 $25,300 $120,500
2019 $3,102 $145,800 $25,300 $120,500
2018 $3,070 $115,400 $22,100 $93,300
2017 $2,846 $115,400 $22,100 $93,300
2016 $2,772 $105,200 $19,700 $85,500
2015 $2,772 $105,200 $19,700 $85,500
2014 $2,400 $93,700 $16,400 $77,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 628208

Des Moines Area Association of REALTORS®

APN: 100-09938000000