NOT LISTED FOR SALE

Estimated Value: $193,000 - $274,000

-- Bed
2 Baths
1,932 Sq Ft
$121/Sq Ft Est. Value

Last Sold December 14, 2017

Last sale price $109,000 $56 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $1,589/month

72 Days on Market

Highlights

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

About This Home

As of December 2017

This home is located at 2500 40th St, Des Moines, IA 50310 since 03 October 2017 and is currently estimated at $233,621, approximately $120 per square foot. This property was built in 1920. 2500 40th St is a home located in Polk County with nearby schools including Hillis Elementary School, Meredith Middle School, and Hoover High School.

Last Listed By

AJ Anderson

LPT Realty, LLC Listed on: 10/03/2017

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50x140

Parking

  • Driveway

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 2 Bathrooms
  • 1,932 Sq Ft Home
  • Shades
  • Drapes & Rods
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • 2 Kitchens
  • Stove

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Laundry on main level

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 10001954000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $1,575

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 59.47
  • Sp Amt Sq Ft: 56.42
  • Termite: Call Listing Agent
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: 1st Flr Laundry, Carpeting, Drapes/Curtains, Drapes/Curtains (Part), Shades/Shutters, Smoke Detector, Vinyl Floors
  • Total Bathrooms: 2.00
  • Partial Bath Total: 2
  • Basement Description: Crawl Space
  • Sq Ft Bsmt: 238
  • Kitchens: 2
  • Laundry: Yes
  • Storage: No
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 1932
  • Partial Bathrooms: 2
  • Total Sq Ft: 1932

Exterior Features

  • Exterior: Metal Siding
  • Foundation: Concrete Block
  • Paved: No
  • Roof: Asphalt Shingle
  • Sidewalk: Y
  • Street Feature: Concrete
  • Trim: Oak, Paint

Garage/Parking

  • Driveway: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Services: Utilities

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1610
  • Lot S F: 7000
  • Lot Shape: Regular
  • Lot Size: 50X140
  • Assessor Parcel Number: 10001954000000
  • Zoning: R1-60

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Tenant, Insurance Landlord, Janitor Tenant, Taxes Owner, Water Owner

Tax Info

  • Gross Taxes: 2934.00
  • Net Taxes: 2934.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2017
Closed on
Dec 14, 2017
Sold by
K W Group Llc
Bought by
T G Properties Llc
Seller's Agent
AJ Anderson
LPT Realty, LLC
Buyer's Agent
Tom Casey
Key Realty
List Price
$119,900
Sold Price
$109,000
Premium/Discount to List
-$10,900
-9.09%
Total Days on Market
72
Current Estimated Value
$233,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,621
Avg. Annual Appreciation
10.53%

Purchase Details

Closed on
Apr 11, 2014
Sold by
Lookingbill Wade and Lookingbill Angela
Bought by
K & W Group Llc

Purchase Details

Closed on
May 30, 2013
Sold by
Fortieth Street 2500 L C
Bought by
Lookingbill Wade and Lookingbill Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.38%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 7, 2009
Sold by
Strait Richard and Strait Rebecka Lee
Bought by
Fortieth Street 2500 Lc

Purchase Details

Closed on
Jun 24, 2009
Sold by
Wipf Donnis E and Wipf Jona D
Bought by
Strait Richard

Purchase Details

Closed on
Jan 23, 2007
Sold by
J & D Investments Inc
Bought by
Wipf Donnis E and Wipf Jona D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 2001
Sold by
Koch Phyllis and Koch Robert
Bought by
Wipf Donnis E and Wipf Jona D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,040
Interest Rate
7.22%

Range of Values:

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Average Value
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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
T G Properties Llc $109,000 None Available
K & W Group Llc -- None Available
Lookingbill Wade $72,000 None Available
Fortieth Street 2500 Lc -- None Available
Strait Richard $90,500 Itc
Wipf Donnis E -- None Available
Wipf Donnis E $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner K & W Group Llc $200,000
Previous Owner Lookingbill Wade $150,000
Previous Owner Wipf Donnis E $85,000
Previous Owner Wipf Donnis E $78,040
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2017 12/14/17 Sold $109,000 -9.1% $56 / Sq Ft
12/14/2017 12/14/17 Pending -- -- --
10/03/2017 10/03/17 For Sale $119,900 -- $62 / 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 $3,368 $171,200 $41,000 $130,200
2023 $3,476 $171,200 $41,000 $130,200
2022 $3,450 $147,500 $36,200 $111,300
2021 $3,374 $147,500 $36,200 $111,300
2020 $3,506 $135,200 $33,100 $102,100
2019 $3,290 $135,200 $33,100 $102,100
2018 $3,256 $122,400 $29,500 $92,900
2017 $2,934 $122,400 $29,500 $92,900
2016 $2,860 $108,500 $25,800 $82,700
2015 $2,860 $108,500 $25,800 $82,700
2014 $2,686 $101,100 $23,800 $77,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 549127

Des Moines Area Association of REALTORS®

APN: 100-01954000000