NOT LISTED FOR SALE

Estimated Value: $216,000 - $247,000

-- Bed
3 Baths
1,326 Sq Ft
$177/Sq Ft Est. Value

Last Sold December 06, 2022

Last sale price $200,000 $151 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,656/month

65 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Tile Flooring
  • Ranch Style House
  • Laundry Room
  • 4-minute walk to Franklin Park

About This Home

As of December 2022

Here is your opportunity to own a great investment in Des Moines. This brick duplex has 2 separate units plus a 2 car detached garage. One unit has 2 bedrooms and 1 full and 1 3/4 bathroom. The other unit has 2 bedrooms with 1 full and 1 half bathroom. Both units have a nice setup with a bedroom and bathroom on each floor. You'll get plenty of natural light in the nice open living room that leads into the kitchen plus ample storage in the basement. Close to many amenities including shopping, restaurants, and easy access to the interstate and downtown. All information obtained from seller and public records.

Last Listed By

Ellen Fitzpatrick

Ellen Fitzpatrick Real Estate Listed on: 09/13/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,408

Year Built

  • Built in 1950

Lot Details

  • 5,209 Sq Ft Lot
  • Lot Dimensions are 52.1x100

Home Design

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

Interior Spaces

  • 3 Bathrooms
  • 1,326 Sq Ft Home
  • Finished Basement
  • Basement Window Egress
  • Laundry Room

Kitchen

  • 2 Kitchens
  • Stove

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • 2 Car Detached Garage
  • Driveway

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 10002088001000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $1,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,408

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Duplex, Ranch
  • Lp Amt Sq Ft: 181.00
  • Sp Amt Sq Ft: 150.83
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: Carpeting, Tile Floors, Vinyl Floors
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Partial Bath Total: 1
  • Basement Description: Egress Windows, Finished, Unfinished
  • Sq Ft Bsmt: 1326
  • Sq Ft Fin Bsmt: 340
  • Kitchens: 2
  • Laundry: Yes
  • Half Bathrooms: 1
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 1326
  • Partial Bathrooms: 1
  • Total Sq Ft: 1326

Exterior Features

  • Exterior: Brick
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Concrete
  • Trim: Paint

Garage/Parking

  • Driveway: Concrete
  • Garage: 2 Detached

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1200
  • Lot S F: 5209
  • Lot Size: 52.1X100
  • Assessor Parcel Number: 10002088001000
  • Zoning: N3B

Rental Info

  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Tenant, Insurance Tenant, Taxes Owner, Water Tenant

Tax Info

  • Gross Taxes: 3408.00
  • Net Taxes: 3408.00

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 13, 2022
Closed on
Dec 5, 2022
Sold by
Midwest Solutions Llc
Bought by
Chesnut Collin
Seller's Agent
Ellen Fitzpatrick
Ellen Fitzpatrick Real Estate
Buyer's Agent
Darson Grantham
Keller Williams Realty GDM
List Price
$255,000
Sold Price
$200,000
Premium/Discount to List
-$55,000
-21.57%
Total Days on Market
65
Views
48
Current Estimated Value
$234,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,854
Avg. Annual Appreciation
6.71%
Original Mortgage
$180,000
Outstanding Balance
$175,592
Interest Rate
7.08%
Mortgage Type
Balloon
Estimated Equity
$59,037

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Des Moines, IA

  • 4025 54th St, Des Moines, IA 50310

    $260,000

    • Studio
    • 2 Baths
    • 1,358 Sq Ft
    • 4025 54th St
    • Des Moines, IA

    4025 54th St is a rock-solid duplex that makes sense from every angle—whether you're a first-time house hacker or a seasoned investor looking to expand your portfolio. With both units currently vacant, you're free to move in and offset your mortgage with rental income, or lease out both sides at market rent with zero downtime. The property includes an upper 3-bedroom, 1-bath unit and a lower

    Darson Grantham Keller Williams Realty GDM

    Section Image
  • 1527 Forest Ave, Des Moines, IA 50314

    $249,000

    • Studio
    • 2 Baths
    • 3,729 Sq Ft
    • 1527 Forest Ave
    • Des Moines, IA

    Turnkey duplex opportunity at 1527 Forest Ave in Des Moines—perfect for investors! This solid brick and stucco property features two spacious 2-bed/1-bath units, both with original hardwood floors, updated electrical, and composite windows. Recent exterior upgrades include a brand-new roof, soffit, gutters, and fascia. Located directly across from a park on a corner lot, the property offers

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 1513 Des Moines St, Des Moines, IA 50316

    $230,000

    • Studio
    • 3 Baths
    • 2,806 Sq Ft
    • 1513 Des Moines St
    • Des Moines, IA

    Welcome to 1513 Des Moines Street, a prime multi-unit investment property in the heart of Des Moines. This 3-unit multiplex presents an excellent opportunity for investors seeking immediate rental income with built-in occupancy. Two of the three units are already filled, providing steady cash flow from day one. The property offers three distinct rental units, each with its own full bathroom. The

    Darson Grantham Keller Williams Realty GDM

    Section Image
  • 2400 SE 8th St, Des Moines, IA 50315

    $259,000

    • Studio
    • 3 Baths
    • 2,140 Sq Ft
    • 2400 SE 8th St
    • Des Moines, IA

    Investor opportunity in the heart of Des Moines! Located at 2400 SE 8th St, this multi-family property offers strong rental potential with three separate units—two 1-bed/1-bath units and one 2-bed/1-bath unit—spread across 2,140 sq ft of living space. The property has a masonry foundation, an unfinished basement for additional storage, and off-street parking potential. With each unit already

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 1208 West St, Des Moines, IA 50315

    $245,000

    • Studio
    • 3 Baths
    • 1,876 Sq Ft
    • 1208 West St
    • Des Moines, IA

    This is a great turnkey rental property. Consists of a 964 sqft 2 bedroom raised ranch home with afinishable 3rd bedroom in the basement and a duplex each side consists of 1 bed 1 bath units. The single-family home does have a full basement with separate furnaces and a very nice two-car garage! Total rentis 2600 and Landlord pays for utilities. Both of the properties have a newer roof

    Darson Grantham Keller Williams Realty GDM

    Section Image
  • 5711 Franklin Ave, Des Moines, IA 50310

    $217,500

    • 2 Beds
    • 2 Baths
    • 1,254 Sq Ft
    • 5711 Franklin Ave
    • Des Moines, IA

    Charming Beaverdale Duplex with Endless Potential! Nestled in a prime location, this wonderful duplex offers two units, each with approximately 627 sq. ft. of living space, featuring 1 bed / 1 bath, and a full basement. Both units have hardwood floors in the living room, adding warmth and character. The spacious yard is perfect for outdoor enjoyment. Conveniently located near two bus stops and

    Jenna Lago Realty ONE Group Impact

    Section Image
  • 4217 Clinton Ave, Des Moines, IA 50310

    $275,000

    • Studio
    • 2 Baths
    • 1,998 Sq Ft
    • 4217 Clinton Ave
    • Des Moines, IA

    All-brick two-story duplex in a prime location on the edge of Beaverdale! Each side features two spacious bedrooms and one full bath, offering a fantastic investment or owner-occupant opportunity. The property includes washer and dryer hookups, an unfinished basement for storage or future expansion, and a detached two-car garage. Enjoy both a fenced-in front yard and a fenced backyard—ideal for

    Scott Wendl RE/MAX Precision

    Section Image
  • 1134 39th St, Des Moines, IA 50311

    $252,000

    • Studio
    • 2 Baths
    • 2,187 Sq Ft
    • 1134 39th St
    • Des Moines, IA

    Charming Duplex in Des Moines. Ideal Investment Opportunity! Nestled in a quiet cul-de-sac street just off University Avenue, this well-maintained duplex is perfect for investors. The main level unit is currently occupied by long-term tenants and features 2 bedrooms, 1 bath, a cozy living room, formal dining room, kitchen, and an additional office/bonus room. The basement provides ample extra

    Tim Hegwood PMI Realty Central Iowa

    Section Image
  • 1067 37th St, Des Moines, IA 50311

    $190,000

    • Studio
    • 3 Baths
    • 2,339 Sq Ft
    • 1067 37th St
    • Des Moines, IA

    Check out this historic property right in the heart of Des Moines. The seller was raised in this duplex, then raised their children here, and now it is time for a new family. This up down duplex features two separate units as well as a third-floor finished dormer that could be incorporated into the second-floor apartment, with access from the second floor and a third-floor exterior door. The main

    Dan Vierling Iowa Realty Mills Crossing

    Section Image

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
Chesnut Collin $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chesnut Collin $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2022 12/06/22 Sold $200,000 -16.7% $151 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
10/11/2022 10/11/22 Price Changed $240,000 -5.9% $181 / Sq Ft
09/13/2022 09/13/22 For Sale $255,000 -- $192 / 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 $4,176 $212,300 $36,300 $176,000
2023 $3,434 $212,300 $36,300 $176,000
2022 $3,408 $145,700 $30,900 $114,800
2021 $3,230 $145,700 $30,900 $114,800
2020 $3,354 $129,400 $27,300 $102,100
2019 $3,208 $129,400 $27,300 $102,100
2018 $3,176 $119,400 $24,600 $94,800
2017 $2,976 $119,400 $24,600 $94,800
2016 $2,898 $110,000 $22,300 $87,700
2015 $2,898 $110,000 $22,300 $87,700
2014 $2,552 $103,500 $20,600 $82,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 660053

Des Moines Area Association of REALTORS®

APN: 100-02088001000