NOT LISTED FOR SALE

2431 E Sheridan Ave Des Moines, IA 50317

Fairmont Park Neighborhood

Estimated Value: $230,000 - $252,000

-- Bed
1 Bath
1,493 Sq Ft
$162/Sq Ft Est. Value

Last Sold October 17, 2018

Last sale price $145,000 $97 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $1,639/month

30 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Forced Air Heating and Cooling System
  • Ranch Style House

About This Home

As of October 2018

This duplex is unique in its long-term tenants (17 years and the other 9 years), 32+ year owner and 25x40 garage/outbuilding onsite. The garage/outbuilding onsite that is currently only used by the Owner. Full basements, furnace 10+ years old and HVAC's replaced in 2009.

Last Agent to Sell the Property

Michelle Hanson

RE/MAX Concepts Listed on: 09/17/2018

RE/MAX Concepts

Co-Listed By

Josh Hanson

RE/MAX Concepts

Last Buyer's Agent

Adam Janssen

Platinum Realty LLC

Platinum Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 81x153

Parking

  • 3 Car Detached Garage

Home Design

  • 1,493 Sq Ft Home
  • Ranch Style House
  • Block Foundation
  • Frame Construction

Additional Features

  • 2 Kitchens
  • 1 Full Bathroom
  • Forced Air Heating and Cooling System
  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 06008653000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $1,090

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 100.40
  • Sp Amt Sq Ft: 97.12
  • Termite: Call Listing Agent
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Second Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Kitchens: 2
  • Living Area Sq Ft: 1493
  • Total Sq Ft: 1493

Exterior Features

  • Exterior: Frame
  • Foundation: Concrete Block
  • Sidewalk: Y

Garage/Parking

  • Garage: 3 Detached

Utilities

  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.2850
  • Lot S F: 12393
  • Lot Size: 81X153
  • Assessor Parcel Number: 06008653000000
  • Zoning: R1-60

Rental Info

  • Deposit: Yes

Tax Info

  • Gross Taxes: 3724.41
  • Net Taxes: 3724.41

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2018
Closed on
Oct 8, 2018
Sold by
Jones Ralph Russell and Jones Lisa
Bought by
Mmr Enterprises Llc
Seller's Agent
Michelle Hanson
RE/MAX Concepts
Buyer's Agent
Adam Janssen
Platinum Realty LLC
List Price
$149,900
Sold Price
$145,000
Premium/Discount to List
-$4,900
-3.27%
Current Estimated Value
$242,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,201
Avg. Annual Appreciation
7.46%
Original Mortgage
$175,000
Outstanding Balance
$152,296
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$89,905
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
Mmr Enterprises Llc $145,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mmr Enterprises Llc $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2018 10/17/18 Sold $145,000 -3.3% $97 / Sq Ft
10/17/2018 10/17/18 Pending -- -- --
09/17/2018 09/17/18 For Sale $149,900 -- $100 / 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 $4,364 $250,100 $30,800 $219,300
2024 $4,364 $221,800 $26,800 $195,000
2023 $4,226 $221,800 $26,800 $195,000
2022 $4,194 $179,300 $23,100 $156,200
2021 $4,020 $179,300 $23,100 $156,200
2020 $4,176 $161,100 $20,700 $140,400
2019 $3,762 $161,100 $20,700 $140,400
2018 $3,724 $140,000 $17,500 $122,500
2017 $3,492 $140,000 $17,500 $122,500
2016 $3,402 $129,100 $15,900 $113,200
2015 $3,402 $129,100 $15,900 $113,200
2014 $3,648 $137,300 $16,600 $120,700
Source: Public Records

Agents Affiliated with this Home

  • Michelle Hanson

    Seller's Agent in 2018

    Michelle Hanson

    RE/MAX

    (515) 229-2662

    1 in this area

    228 Total Sales

    Michelle Hanson
    Section Image

  • J

    Seller Co-Listing Agent in 2018

    Josh Hanson

    RE/MAX

    Section Image
  • Adam Janssen

    Buyer's Agent in 2018

    Adam Janssen

    Platinum Realty LLC

    (515) 778-7078

    2 in this area

    41 Total Sales

    Adam Janssen
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 569506

Des Moines Area Association of REALTORS®

APN: 060-08653000000

Iowa Polk County Des Moines 50317 Fairmont Park

2431 E Sheridan Ave, Des Moines, IA

Not Listed for Sale

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