NOT LISTED FOR SALE

218 Franklin Ave Des Moines, IA 50314

River Bend Neighborhood

Estimated Value: $173,993 - $232,000

-- Bed
2 Baths
2,088 Sq Ft
$100/Sq Ft Est. Value

Last Sold September 01, 2020

Last sale price $136,500 $65 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,344/month

45 Days on Market

Highlights

  • 2 Kitchens
  • Storage
  • Forced Air Heating System
  • No HOA

About This Home

As of September 2020

Investment opportunity! 3 bedrooms in each unit. Great rental with good rental history.

Last Agent to Sell the Property

Joy Briggs

LPT Realty, LLC Listed on: 07/18/2020

LPT Realty, LLC

Last Buyer's Agent

Jake Escher

RE/MAX Real Estate Center

RE/MAX Real Estate Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,524

Year Built

  • Built in 1911

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • Driveway

Home Design

  • Property Attached
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,088 Sq Ft Home
  • Storage
  • Unfinished Basement

Kitchen

  • 2 Kitchens
  • Stove
  • Dishwasher

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 08002289000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $1,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,524

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Bi-Attached
  • Lp Amt Sq Ft: 64.66
  • Sp Amt Sq Ft: 65.37
  • Termite: Call Listing Agent
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 1
  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Third Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Kitchens: 2
  • Laundry: No
  • Storage: Yes
  • Included Items: Dishwasher, Refrigerator, Stove
  • Living Area Sq Ft: 2088
  • Total Sq Ft: 2088

Exterior Features

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

Garage/Parking

  • Driveway: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: None
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Lot Info

  • Acres: 0.1720
  • Lot S F: 7500
  • Lot Shape: Regular
  • Lot Size: 50X150
  • Assessor Parcel Number: 08002289000000
  • Zoning: R1-60

Rental Info

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

Tax Info

  • Gross Taxes: 2524.00
  • Net Taxes: 2524.00
  • Tax Year: 2020

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2021
Sold by
Pangaea Llc
Bought by
Makr Llc
Current Estimated Value
$209,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Outstanding Balance
$117,291
Interest Rate
3.14%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$91,957

Purchase Details

Closed on
Dec 15, 2020
Sold by
Walker Nicholas
Bought by
Pangea Llc

Purchase Details

Closed on
Dec 10, 2020
Sold by
Walker Nicholas
Bought by
Pangaea Llc

Purchase Details

Listed on
Jul 18, 2020
Closed on
Aug 31, 2020
Sold by
Zepeda Kersensio
Bought by
Walker Nicholas
Seller's Agent
Joy Briggs
LPT Realty, LLC
Buyer's Agent
Jake Escher
RE/MAX Real Estate Center
List Price
$135,000
Sold Price
$136,500
Premium/Discount to List
$1,500
1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.44%
Original Mortgage
$109,200
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 15, 1998
Sold by
The Morris Plan Company Of Iowa
Bought by
Zepeda Kersensio and Zepeda Virginia B
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
Makr Llc $160,000 None Listed On Document
Pangea Llc -- None Available
Pangaea Llc -- None Listed On Document
Pangea Llc -- Springer Jason
Walker Nicholas $136,500 None Available
Zepeda Kersensio $13,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Makr Llc $128,000
Previous Owner Walker Nicholas $109,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2020 09/01/20 Sold $136,500 +1.1% $65 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $135,000 -- $65 / 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
2025 $2,924 $172,100 $16,600 $155,500
2024 $2,924 $148,600 $14,300 $134,300
2023 $2,748 $148,600 $14,300 $134,300
2022 $2,728 $116,600 $11,900 $104,700
2021 $2,536 $116,600 $11,900 $104,700
2020 $2,634 $101,600 $10,400 $91,200
2019 $2,524 $101,600 $10,400 $91,200
2018 $2,498 $93,900 $9,400 $84,500
2017 $2,396 $93,900 $9,400 $84,500
2016 $2,334 $88,600 $8,800 $79,800
2015 $2,334 $88,600 $8,800 $79,800
2014 $2,264 $85,200 $8,500 $76,700
Source: Public Records

Agents Affiliated with this Home

  • Joy Briggs

    Seller's Agent in 2020

    Joy Briggs

    LPT Realty, LLC

    (515) 975-3602

    18 Total Sales

    Joy Briggs
    Section Image
  • Jake Escher

    Buyer's Agent in 2020

    Jake Escher

    RE/MAX

    (515) 298-2900

    191 Total Sales

    Jake Escher
    Section Image
  • Jayce Schorn-Pedro

    Buyer Co-Listing Agent in 2020

    Jayce Schorn-Pedro

    RE/MAX

    (515) 451-0347

    1 in this area

    192 Total Sales

    Jayce Schorn-Pedro
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 610138

Des Moines Area Association of REALTORS®

APN: 080-02289000000

Iowa Polk County Des Moines 50314 River Bend

218 Franklin Ave, Des Moines, IA

Not Listed for Sale

MultiFamily

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