NOT LISTED FOR SALE

Estimated Value: $231,000 - $317,000

-- Bed
1 Bath
1,880 Sq Ft
$149/Sq Ft Est. Value

Last Sold February 15, 2017

Last sale price $198,000 $105 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,982/month

71 Days on Market

Highlights

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

About This Home

As of February 2017

Great location! Great investment opportunity! This ranch duplex brings high rent rates. The larger unit has a great layout with an eat in kitchen, a large living room and a lot of sunlight. The lower level is finished as a great room or perfect as a movie theater. The original wood floors have been refinished. Washer and dryers remain with the property. This property qualifies for NFC financing which is a $10,000 forgivable grant for improvements if financed through Neighborhood Finance Corporation and owner occupied. Larger side has a tenant until March, 2017.

Last Agent to Sell the Property

Lisa Howard

LPT Realty, LLC Listed on: 12/06/2016

LPT Realty, LLC

Last Buyer's Agent

Amy Wilkins

RE/MAX Concepts

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,397

Year Built

  • Built in 1964

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 80x159

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1 Full Bathroom
  • 1,880 Sq Ft Home
  • Storage
  • Laundry Room
  • Partial Basement
  • 2 Kitchens

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 08004162027000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,397

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 111.70
  • Sp Amt Sq Ft: 105.32
  • Termite: Call Listing Agent
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 2
  • Disposals: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Second Floor Full Bathrooms: 1
  • Basement Description: Partial
  • Sq Ft Bsmt: 1880
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes
  • Living Area Sq Ft: 1880
  • Total Sq Ft: 1880

Exterior Features

  • Exterior: Brick
  • Paved: Yes
  • Sidewalk: Y

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.2920
  • Lot S F: 12720
  • Lot Size: 80X159
  • Assessor Parcel Number: 08004162027000
  • Zoning: R1-60

Rental Info

  • Deposit: Yes
  • Landlord Tenant Utilities: Electric Tenant, Insurance Landlord, Insurance Tenant, Misc Exp Landlord, Water Landlord

Tax Info

  • Gross Taxes: 4396.72
  • Net Taxes: 4396.72

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2016
Closed on
Feb 13, 2017
Sold by
Haire Sean
Bought by
Hood Brian and Hood Kimberly J
Seller's Agent
Lisa Howard
LPT Realty, LLC
Buyer's Agent
Amy Wilkins
RE/MAX Concepts
List Price
$210,000
Sold Price
$198,000
Premium/Discount to List
-$12,000
-5.71%
Current Estimated Value
$279,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,357
Avg. Annual Appreciation
3.30%
Original Mortgage
$148,500
Outstanding Balance
$124,416
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$135,218

Purchase Details

Closed on
Aug 26, 1999
Sold by
Trier Michael G and Trier Kathryn A
Bought by
Haire Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,939
Interest Rate
7.61%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Hood Brian $198,000 None Available
Haire Sean $118,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hood Brian $148,500
Previous Owner Haire Sean $15,000
Previous Owner Haire Sean $118,939
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2017 02/15/17 Sold $198,000 -5.7% $105 / Sq Ft
02/15/2017 02/15/17 Pending -- -- --
12/06/2016 12/06/16 For Sale $210,000 -- $112 / 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 $5,108 $259,700 $48,500 $211,200
2023 $4,986 $259,700 $48,500 $211,200
2022 $4,950 $211,600 $41,700 $169,900
2021 $4,944 $211,600 $41,700 $169,900
2020 $5,136 $198,100 $39,300 $158,800
2019 $4,684 $198,100 $39,300 $158,800
2018 $4,636 $174,300 $33,800 $140,500
2017 $4,408 $174,300 $33,800 $140,500
2016 $4,485 $163,000 $30,900 $132,100
2015 $4,296 $163,000 $30,900 $132,100
2014 $4,098 $160,000 $29,900 $130,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 529601

Des Moines Area Association of REALTORS®

APN: 080-04162027000