NOT LISTED FOR SALE

240 Watrous Ave Des Moines, IA 50315

Watrous Heights Neighborhood

Estimated Value: $155,000 - $184,220

-- Bed
2 Baths
1,248 Sq Ft
$136/Sq Ft Est. Value

Last Sold October 19, 2018

Last sale price $122,500 $98 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,113/month

45 Days on Market

Highlights

  • 2 Kitchens
  • Ranch Style House
  • Laundry Room
  • 0.54 Acre Lot
  • No HOA
  • Forced Air Heating System

About This Home

As of October 2018

This home is located at 240 Watrous Ave, Des Moines, IA 50315 since 04 September 2018 and is currently estimated at $169,610, approximately $135 per square foot. This property was built in 1934. 240 Watrous Ave is a home located in Polk County with nearby schools including South Union Elementary School, Brody Middle School, and Lincoln High School.

Last Agent to Sell the Property

Justin Nienkerk

RE/MAX Precision Listed on: 09/04/2018

RE/MAX Precision

Co-Listed By

David Welch

RE/MAX Precision

Last Buyer's Agent

Marva McCarty

RE/MAX Concepts

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,191

Year Built

  • Built in 1934

Lot Details

  • 0.54 Acre Lot
  • Lot Dimensions are 74x317

Home Design

  • 1,248 Sq Ft Home
  • Ranch Style House
  • Brick Foundation
  • Slab Foundation
  • Frame Construction

Utilities

  • No Cooling
  • Forced Air Heating System

Additional Features

  • 2 Kitchens
  • 2 Full Bathrooms
  • Laundry Room

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 12004913000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,191

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 105.77
  • Sp Amt Sq Ft: 98.16
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 2
  • Disposals: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Slab
  • Kitchens: 2
  • Laundry: Yes
  • Storage: No
  • Living Area Sq Ft: 1248
  • Total Sq Ft: 1248

Exterior Features

  • Exterior: Frame
  • Foundation: Brick
  • Paved: Yes

Utilities

  • Air Conditioner: None
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Lot Info

  • Acres: 0.5390
  • Lot S F: 23458
  • Lot Size: 74X317
  • Assessor Parcel Number: 12004913000000
  • Zoning: R1-70

Rental Info

  • Furnished: No

Tax Info

  • Gross Taxes: 2191.00
  • Net Taxes: 2191.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2018
Closed on
Oct 12, 2018
Sold by
Koethe Steven D
Bought by
Oredson Jennifer J and Oredson Dana A
Seller's Agent
Justin Nienkerk
RE/MAX Precision
Buyer's Agent
Marva McCarty
RE/MAX Concepts
List Price
$132,000
Sold Price
$122,500
Premium/Discount to List
-$9,500
-7.2%
Current Estimated Value
$169,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,110
Avg. Annual Appreciation
4.68%
Original Mortgage
$77,750
Outstanding Balance
$67,809
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$101,801

Purchase Details

Listed on
Sep 4, 2018
Closed on
Oct 2, 2018
Sold by
Koethe Julie A
Bought by
Koethe Steven D
Seller's Agent
Justin Nienkerk
RE/MAX Precision
Buyer's Agent
Marva McCarty
RE/MAX Concepts
List Price
$132,000
Sold Price
$122,500
Premium/Discount to List
-$9,500
-7.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,750
Outstanding Balance
$67,809
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$101,801

Purchase Details

Closed on
Aug 12, 2003
Sold by
Wadle Terrance J and Wadle David P
Bought by
Carlson Donald G and Carlson Carol J

Purchase Details

Closed on
Feb 2, 1998
Sold by
Wadle Robert E and Wadle Victoria A
Bought by
Wadle Robert E and Wadle Victoria A
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
Oredson Jennifer J $122,500 None Available
Koethe Steven D -- None Available
Carlson Donald G $84,500 --
Wadle Robert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oredson Jennifer J $77,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2018 10/19/18 Sold $122,500 -7.2% $98 / Sq Ft
10/19/2018 10/19/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $132,000 -- $106 / 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 $2,634 $152,500 $47,200 $105,300
2024 $2,634 $133,900 $41,100 $92,800
2023 $2,508 $133,900 $41,100 $92,800
2022 $2,488 $106,400 $33,800 $72,600
2021 $2,510 $106,400 $33,800 $72,600
2020 $2,608 $100,600 $31,600 $69,000
2019 $2,298 $100,600 $31,600 $69,000
2018 $2,274 $85,500 $27,600 $57,900
2017 $2,190 $85,500 $27,600 $57,900
2016 $2,134 $81,000 $25,600 $55,400
2015 $2,134 $81,000 $25,600 $55,400
2014 $2,110 $79,400 $24,800 $54,600
Source: Public Records

Agents Affiliated with this Home

  • David Welch

    Seller Co-Listing Agent in 2018

    David Welch

    RE/MAX

    (515) 201-4203

    242 Total Sales

    David Welch
    Section Image
  • Marva McCarty

    Buyer's Agent in 2018

    Marva McCarty

    RE/MAX

    (515) 491-0107

    2 in this area

    35 Total Sales

    Marva McCarty
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 568803

Des Moines Area Association of REALTORS®

APN: 120-04913000000

Iowa Polk County Des Moines 50315 Watrous Heights

240 Watrous Ave, Des Moines, IA

Not Listed for Sale

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