2542 Lyon St Des Moines, IA 50317
Fairground NeighborhoodEstimated Value: $121,000 - $159,000
2
Beds
1
Bath
700
Sq Ft
$198/Sq Ft
Est. Value
Highlights
- No HOA
- Bungalow
- Family Room
- Accessible Ramps
- Forced Air Heating System
- Dining Area
About This Home
As of May 2019Excellent opportunity to own this home for over 10k less than assessed value and for less than it sold for 16 years ago! Metal sided bungalow located on Des Moines East side on a 37 x 137 lot with an over sized 16 x 22 detached garage, enclosed front porch, two bedrooms, enclosed front porch, a spacious living room and a dining area just off of the kitchen. Minutes to the fair grounds, shopping, and downtown. This is a Fannie Mae HomePath property. Visit the HomePath website for additional details on this home and others offered by Fannie Mae.
Home Details
Home Type
- Single Family
Year Built
- Built in 1917
Lot Details
- 5,137 Sq Ft Lot
- Lot Dimensions are 37x137
Home Design
- Bungalow
- Asphalt Shingled Roof
- Metal Siding
Interior Spaces
- 700 Sq Ft Home
- Family Room
- Dining Area
- Laundry on main level
- Unfinished Basement
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Parking
- 1 Car Detached Garage
- Gravel Driveway
Accessible Home Design
- Accessible Ramps
Utilities
- No Cooling
- Forced Air Heating System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 05003800000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 8, 2021
Sold by
Midstate Properties Llc
Bought by
Schmitz Jeffrey
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,717
Outstanding Balance
$112,105
Interest Rate
2.67%
Mortgage Type
FHA
Estimated Equity
$27,108
Purchase Details
Listed on
Mar 29, 2019
Closed on
May 20, 2019
Sold by
Fannie Mae
Bought by
Karamanlis Matthew J
Seller's Agent
Diana Pastor
Country Estates Realty
Buyer's Agent
Ginger Atcheson
Real Estate Property Solutions, LLC
List Price
$39,900
Sold Price
$42,500
Premium/Discount to List
$2,600
6.52%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.59%
Purchase Details
Closed on
Jan 29, 2004
Sold by
Norman Lyle R and Norman Judith K
Bought by
Grimes Alvie M and Grimes Blanche M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,600
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Des Moines, IA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schmitz Jeffrey | $126,000 | None Available | |
| Karamanlis Matthew J | -- | None Available | |
| Grimes Alvie M | $47,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Schmitz Jeffrey | $123,717 | |
| Previous Owner | Grimes Alvie M | $45,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2019 05/24/19 | Sold | $42,500 | +6.5% | $61 / Sq Ft |
| 05/24/2019 05/24/19 | Pending | -- | -- | -- |
| 03/29/2019 03/29/19 | For Sale | $39,900 | -- | $57 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Tax History Compared to Growth
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 | $2,370 | $120,500 | $17,500 | $103,000 |
| 2023 | $1,548 | $120,500 | $17,500 | $103,000 |
| 2022 | $1,536 | $65,700 | $14,400 | $51,300 |
| 2021 | $1,434 | $65,700 | $14,400 | $51,300 |
| 2020 | $1,490 | $57,500 | $12,600 | $44,900 |
| 2019 | $1,118 | $57,500 | $12,600 | $44,900 |
| 2018 | $1,100 | $50,100 | $10,900 | $39,200 |
| 2017 | $1,032 | $50,100 | $10,900 | $39,200 |
| 2016 | $1,000 | $46,700 | $10,100 | $36,600 |
| 2015 | $1,000 | $46,700 | $10,100 | $36,600 |
| 2014 | $1,032 | $49,200 | $10,500 | $38,700 |
Source: Public Records
Agents Affiliated with this Home
-
Diana Pastor
D
Seller's Agent in 2019
Diana Pastor
Country Estates Realty
(515) 710-7100
4 in this area
57 Total Sales
-
Ginger Atcheson
Buyer's Agent in 2019
Ginger Atcheson
Real Estate Property Solutions, LLC
(515) 208-7625
186 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 578832
APN: 050-03800000000
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