$120,000
SOLD SEP 21, 2018
-- Bed
3 Baths
2,140 Sq Ft
5,590 Sq Ft Lot

Recently Sold

$56 Per Sq Ft

20% Below List Price

130 Days on Market

Highlights

  • 3 Kitchens
  • Laundry Room
  • Forced Air Heating System
  • No HOA

About This Home

As of September 2018

This home is located at 2400 SE 8th St, Des Moines, IA 50315 and is currently priced at $120,000, approximately $56 per square foot. This property was built in 1890. 2400 SE 8th St is a home located in Polk County with nearby schools including Howe Elementary School, Weeks Middle School, and Lincoln High School.

Last Agent to Sell the Property

Stephanie Thomas

RE/MAX Concepts Listed on: 04/27/2018

RE/MAX Concepts

Last Buyer's Agent

Tanner Setka

RE/MAX Concepts

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,298

Year Built

  • Built in 1890

Lot Details

  • 5,590 Sq Ft Lot
  • Lot Dimensions are 43x130

Home Design

  • Stucco

Interior Spaces

  • 2,140 Sq Ft Home
  • 2-Story Property
  • 3 Kitchens
  • Laundry Room
  • Unfinished Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 01000138000000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $1,775

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,298

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 65.37
  • Sp Amt Sq Ft: 56.07
  • Termite: Follow Showing Instructions
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 3
  • Stoves Total: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • First Floor Full Bathrooms: 2
  • Second Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 340
  • Kitchens: 3
  • Laundry: Yes
  • Living Area Sq Ft: 2140
  • Total Sq Ft: 2140

Exterior Features

  • Exterior: Stucco
  • Foundation: See Remarks

Garage/Parking

  • Off Street Parking: 3

Utilities

  • Air Conditioner: Window
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1280
  • Lot S F: 5590
  • Lot Size: 43X130
  • Assessor Parcel Number: 01000138000000
  • Zoning: R1-60

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Insurance Tenant, Misc Exp Tenant, Water Tenant

Tax Info

  • Gross Taxes: 2298.00
  • Net Taxes: 2298.00

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2023
Sold by
Triton Properties Llc
Bought by
Good Earth Realty Llc

Purchase Details

Closed on
Mar 8, 2021
Sold by
Nguyen Robert
Bought by
Triton Properties Llc

Purchase Details

Listed on
Apr 27, 2018
Closed on
Aug 31, 2018
Sold by
Executive Props L L C
Bought by
Nguyen Robet
Seller's Agent
Stephanie Thomas
RE/MAX Concepts
Buyer's Agent
Tanner Setka
RE/MAX Concepts
List Price
$150,000
Sold Price
$120,000
Premium/Discount to List
-$30,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.67%
Original Mortgage
$90,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 2013
Sold by
Mcvicker Kristine
Bought by
Executive Props Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,983
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 27, 2007
Sold by
Polk County Bank
Bought by
Mcvicker Kristine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2006
Sold by
Avalon Development Group Llc and Johnston John R
Bought by
Polk County Bank

Purchase Details

Closed on
Aug 30, 2002
Sold by
Jarvis Wayne and Jarvis Cheryl
Bought by
Avalon Development Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 2001
Sold by
Stites Alice M and Stites Mark A
Bought by
Jarvis Wayne and Jarvis Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,050
Interest Rate
7.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 27, 1999
Sold by
Stites Samuel E
Bought by
Stites Samuel E
Source: Public Records

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Range of Values:

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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
Quit Claim Deed -- None Listed On Document
Warranty Deed $130,000 None Available
Warranty Deed $120,000 None Available
Quit Claim Deed -- None Available
Corporate Deed $69,500 Itc
Sheriffs Deed $78,000 None Available
Warranty Deed $94,500 --
Warranty Deed $50,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $140,235 Future Advance Clause Open End Mortgage
Previous Owner $90,000 Commercial
Previous Owner $120,983 Unknown
Previous Owner $112,500 Commercial
Previous Owner $90,000 Seller Take Back
Previous Owner $100,000 Commercial
Previous Owner $40,050 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 For Sale $259,000 +115.8% $121 / Sq Ft
09/21/2018 09/21/18 Sold $120,000 -20.0% $56 / Sq Ft
09/04/2018 09/04/18 Pending -- -- --
04/27/2018 04/27/18 For Sale $150,000 -- $70 / 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 $3,660 $186,000 $19,700 $166,300
2023 $3,558 $186,000 $19,700 $166,300
2022 $4,160 $151,000 $16,500 $134,500
2021 $3,702 $151,000 $16,500 $134,500
2020 $4,158 $124,000 $15,000 $109,000
2019 $4,469 $124,000 $15,000 $109,000
2018 $4,670 $124,000 $15,000 $109,000
2017 $4,390 $124,000 $15,000 $109,000
2016 $4,576 $112,000 $12,500 $99,500
2015 $4,576 $112,000 $12,500 $99,500
2014 $4,353 $100,000 $12,500 $87,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 559744

Des Moines Area Association of REALTORS®

APN: 010/00138-000-000