2221 63rd St Des Moines, IA 50322
Merle Hay NeighborhoodHighlights
- 13 Kitchens
- No HOA
- Storage
- 0.62 Acre Lot
- Laundry Room
- Hot Water Heating System
About This Home
As of October 2022Property has great rental history and has been well maintained with many units being completely updated. 1/3 of parking lot was replaced last year. Two bedroom house on property is included. Boiler is a new electronic model. Many of the tenants are long term and current owner has experienced little vacancy. With 10% vacancy and $5,000 in maintenance fees cap rate is 7.2%.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 0.62 Acre Lot
Home Design
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 13,134 Sq Ft Home
- 2-Story Property
- Storage
- Laundry Room
- 13 Kitchens
- Unfinished Basement
Utilities
- Window Unit Cooling System
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 10011455001003
Community Details
Overview
- No Home Owners Association
Building Details
- Operating Expense $1,389
- Gross Income $8,065
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Map
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $760,625 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $562,500 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $540,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $420,000 | Commercial | |
| Previous Owner | $377,306 | Unknown |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/20/2022 10/20/22 | Sold | $925,000 | -4.1% | $70 / Sq Ft |
| 06/22/2022 06/22/22 | Pending | -- | -- | -- |
| 05/11/2022 05/11/22 | For Sale | $965,000 | +43.0% | $73 / Sq Ft |
| 12/23/2016 12/23/16 | Sold | $675,000 | +4.2% | $51 / Sq Ft |
| 12/16/2016 12/16/16 | Pending | -- | -- | -- |
| 10/27/2016 10/27/16 | For Sale | $647,500 | -- | $49 / Sq Ft |
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 | $17,882 | $909,000 | $99,600 | $809,400 |
| 2023 | $17,416 | $909,000 | $99,600 | $809,400 |
| 2022 | $20,356 | $739,000 | $83,400 | $655,600 |
| 2021 | $18,096 | $739,000 | $83,400 | $655,600 |
| 2020 | $20,324 | $606,000 | $75,800 | $530,200 |
| 2019 | $17,812 | $606,000 | $75,800 | $530,200 |
| 2018 | $18,946 | $503,000 | $75,800 | $427,200 |
| 2017 | $17,792 | $503,000 | $75,800 | $427,200 |
| 2016 | $18,550 | $454,000 | $63,000 | $391,000 |
| 2015 | $18,550 | $454,000 | $63,000 | $391,000 |
| 2014 | $17,334 | $404,000 | $63,000 | $341,000 |
Source: Des Moines Area Association of REALTORS®
MLS Number: 527930
APN: 100-11455001003
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