$103,500
SOLD SEP 8, 2016
-- Bed
2 Baths
1,584 Sq Ft
6,262 Sq Ft Lot

Recently Sold

$65 Per Sq Ft

13% Below List Price

133 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Forced Air Heating System
  • Ranch Style House

About This Home

As of September 2024

Cash flowing duplex for sale. Currently rented with month-to-month lease terms. Rents below current market rates. Both units have full basements with tons of useable space. There is also a 2 car detached garage. This is a great opportunity to add to a rental portfolio or for an owner occupant who want their mortgage payment to be paid by someone else.

Last Agent to Sell the Property

Derek Veldhouse

RE/MAX Concepts Listed on: 04/04/2016

Last Buyer's Agent

Scott Seyler

VIA Group, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 6,262 Sq Ft Lot
  • Lot Dimensions are 62x101

Parking

  • 2 Car Detached Garage

Home Design

  • 1,584 Sq Ft Home
  • Ranch Style House
  • Block Foundation
  • Metal Siding

Kitchen

  • 2 Kitchens
  • Stove

Additional Features

  • 2 Full Bathrooms
  • Forced Air Heating System
  • Unfinished Basement

Community Details

  • No Home Owners Association
  • Gross Income $1,275

Listing and Financial Details

  • Assessor Parcel Number 07003373000000

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 75.13
  • Sp Amt Sq Ft: 65.34
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1564
  • Kitchens: 2
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 1584
  • Total Sq Ft: 1584

Exterior Features

  • Exterior: Metal Siding
  • Foundation: Concrete Block

Garage/Parking

  • Garage: 2 Detached

Utilities

  • Sewer: City
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1440
  • Lot S F: 6262
  • Lot Size: 62X101
  • Assessor Parcel Number: 07003373000000
  • Zoning: R1-60

Rental Info

  • Furnished: No
  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Water Tenant

Tax Info

  • Gross Taxes: 3120.00
  • Net Taxes: 3120.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
Sep 25, 2024
Sold by
Born Henrik and Flores Julia
Bought by
Nguyen Toan
Seller's Agent
Shane Torres
RE/MAX Concepts
Buyer's Agent
Ashton Verschuure
RE/MAX Concepts
List Price
$225,000
Sold Price
$225,000
Views
1933
Current Estimated Value
$227,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,322
Avg. Annual Appreciation
3.37%
Original Mortgage
$168,750
Outstanding Balance
$167,815
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$63,386

Purchase Details

Closed on
Mar 20, 2021
Sold by
426 Property Llc
Bought by
Born Henrik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 4, 2016
Closed on
Sep 6, 2016
Sold by
Heese Don L
Bought by
426 Property Llc
Seller's Agent
Derek Veldhouse
RE/MAX Concepts
Buyer's Agent
Scott Seyler
VIA Group, REALTORS
List Price
$119,000
Sold Price
$103,500
Premium/Discount to List
-$15,500
-13.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.47%
Original Mortgage
$82,800
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2003
Sold by
Heuckendorf Randall R and Heuckendorf Tina M
Bought by
Heese Don L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,900
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $225,000 None Listed On Document
Warranty Deed $170,000 None Available
Warranty Deed -- None Available
Warranty Deed $109,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $168,750 New Conventional
Previous Owner $127,500 New Conventional
Previous Owner $82,800 New Conventional
Previous Owner $88,056 New Conventional
Previous Owner $98,900 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2024 09/30/24 Sold $225,000 0.0% $142 / Sq Ft
09/10/2024 09/10/24 Pending -- -- --
08/06/2024 08/06/24 For Sale $225,000 0.0% $142 / Sq Ft
05/14/2024 05/14/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $225,000 +117.4% $142 / Sq Ft
09/08/2016 09/08/16 Sold $103,500 -13.0% $65 / Sq Ft
08/15/2016 08/15/16 Pending -- -- --
04/04/2016 04/04/16 For Sale $119,000 -- $75 / 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 $3,888 $197,600 $24,600 $173,000
2023 $3,844 $197,600 $24,600 $173,000
2022 $3,814 $163,100 $21,400 $141,700
2021 $3,574 $163,100 $21,400 $141,700
2020 $3,712 $143,200 $18,700 $124,500
2019 $3,422 $143,200 $18,700 $124,500
2018 $3,386 $127,300 $16,200 $111,100
2017 $3,180 $127,300 $16,200 $111,100
2016 $3,098 $117,600 $14,600 $103,000
2015 $3,098 $117,600 $14,600 $103,000
2014 $3,393 $119,800 $14,500 $105,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 514563

Des Moines Area Association of REALTORS®

APN: 070-03373000000