NOT LISTED FOR SALE

240 E Jackson Ave Des Moines, IA 50315

McKinley School Neighborhood

Estimated Value: $161,000 - $187,000

3 Beds
1 Bath
1,226 Sq Ft
$144/Sq Ft Est. Value

Last Sold August 10, 2020

Last sale price $125,000 $102 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,011/month

31 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Outdoor Storage
  • Ranch Style House
  • No HOA
  • Forced Air Heating System

About This Home

As of August 2020

Live close to everything fun! A great investment opportunity as a starter home or rental property, this remodeled turnkey home South of downtown has everything you need in one package to move in and start living. This quaint home is 10 minutes walk to Principal Park, 15 minutes walk to Court Ave and downtown, 5 minute drive to East Village. This single story home has original hardwood floors, new kitchen cabinets, new appliances, new trim, new doors, new roof, new windows, new siding, new furnace and AC, and new washer and dryer on the main floor. With property tax abatement through 2029, you can own this home for less than renting.

Last Agent to Sell the Property

Ralph Ring

RE/MAX Real Estate Center Listed on: 06/09/2020

RE/MAX Real Estate Center

Last Buyer's Agent

Jeff Karnowski

RE/MAX Concepts

RE/MAX Concepts

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $536

Year Built

  • Built in 1920

Lot Details

  • 5,040 Sq Ft Lot
  • Lot Dimensions are 40x126
  • Property is Fully Fenced
  • Wood Fence
  • Property is zoned R1-60

Home Design

  • Ranch Style House
  • Brick Foundation
  • Vinyl Siding

Interior Spaces

  • 1,226 Sq Ft Home
  • Drapes & Rods

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outdoor Storage

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 02000362000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$536

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Residential
  • Style: Ranch
  • Lp Amt Sq Ft: 101.96
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 101.96
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: 1st Flr Laundry, Cable TV, Carpeting, Drapes/Curtains, Hardwood Floors
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Included Items: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 1226
  • Total Sq Ft: 1226

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Features: Deck, Exterior Storage Shed, Fully Fenced Yard
  • Fence Type: Wood
  • Foundation: Brick
  • Street Feature: Concrete
  • Trim: Paint

Utilities

  • Sewer: City
  • Water: City
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.1160
  • Lot S F: 5040
  • Lot Size: 40X126
  • Assessor Parcel Number: 02000362000000
  • Zoning: R1-60

Green Features

  • Additional Green Features: No
  • ENERGYSTAR qualified New Home: No
  • HERS Rating: No
  • Leed For Homes: No
  • Solar: No

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 536.00
  • Net Taxes: 536.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2020
Closed on
Aug 9, 2020
Sold by
Towey Andrew and Towey Rachel
Bought by
Thill Samuelle
Seller's Agent
Ralph Ring
RE/MAX Real Estate Center
Buyer's Agent
Jeff Karnowski
RE/MAX Concepts
List Price
$126,500
Sold Price
$125,000
Premium/Discount to List
-$1,500
-1.19%
Current Estimated Value
$176,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,426
Avg. Annual Appreciation
6.59%
Original Mortgage
$118,750
Outstanding Balance
$105,102
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$71,324

Purchase Details

Listed on
Aug 2, 2019
Closed on
Oct 22, 2019
Sold by
Cam Acquisition Fund 2019 Llc
Bought by
Towey Andrew and Towey Rachel
Seller's Agent
Junior Ibarra
Keller Williams Realty GDM
Buyer's Agent
Ralph Ring
RE/MAX Real Estate Center
List Price
$114,900
Sold Price
$114,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.25%
Original Mortgage
$172,350
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 11, 2019
Sold by
Community Improvement Group Inc
Bought by
Cam Acquisition Fund 2019 Llc

Purchase Details

Closed on
Mar 8, 2019
Sold by
Higens Gary D and Higens Patricia
Bought by
Higens Matthew D

Purchase Details

Closed on
Apr 20, 2012
Sold by
Higens Gary D
Bought by
Higens Matthew D
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
Thill Samuelle $125,000 None Available
Towey Andrew $115,000 None Available
Cam Acquisition Fund 2019 Llc $20,000 None Available
Higens Matthew D -- None Available
Higens Matthew D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thill Samuelle $118,750
Previous Owner Towey Andrew $172,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2020 08/10/20 Sold $125,000 -1.2% $102 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $126,500 +10.1% $103 / Sq Ft
10/25/2019 10/25/19 Sold $114,900 0.0% $94 / Sq Ft View Prior Sale
10/25/2019 10/25/19 Pending -- -- --
08/02/2019 08/02/19 For Sale $114,900 -- $94 / 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 $1,062 $159,200 $15,500 $143,700
2024 $1,062 $54,000 $13,200 $40,800
2023 $806 $136,800 $13,200 $123,600
2022 $800 $117,000 $11,700 $105,300
2021 $510 $117,000 $11,700 $105,300
2020 $528 $103,200 $10,300 $92,900
2019 $268 $20,400 $10,300 $10,100
2018 $260 $18,500 $9,300 $9,200
2017 $240 $18,500 $9,300 $9,200
2016 $228 $17,400 $8,700 $8,700
2015 $228 $17,400 $8,700 $8,700
2014 $242 $17,800 $8,900 $8,900
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Ralph Ring

    RE/MAX

    (515) 357-8296

    42 Total Sales

    Ralph Ring
    Section Image

  • J

    Buyer's Agent in 2020

    Jeff Karnowski

    RE/MAX

    Section Image
  • Junior Ibarra

    Seller's Agent in 2019

    Junior Ibarra

    Keller Williams Realty GDM

    (515) 417-0624

    15 in this area

    904 Total Sales

    Junior Ibarra
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 607073

Des Moines Area Association of REALTORS®

APN: 020-00362000000

Iowa Polk County Des Moines 50315 McKinley School

240 E Jackson Ave, Des Moines, IA

Not Listed for Sale

Detached

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