Seller's Agent in 2024
Timothy Schutte
EXIT Realty & Associates
(515) 681-5677
15 in this area
193 Total Sales
2738 51st St Des Moines, IA 50310
Merle Hay NeighborhoodEstimated Value: $355,000 - $580,000
--
Bed
8
Baths
1,870
Sq Ft
$256/Sq Ft
Est. Value
Highlights
- 4 Kitchens
- No HOA
- Storage
- 0.43 Acre Lot
- Laundry Room
- 5-minute walk to Riley Park
About This Home
As of March 2024Fantastic turnkey investment opportunity! Two duplexes built in 1992 on one parcel in prime NW Des Moines location. Each duplex offers 2 spacious units For a total of 4 units. Each unit is 2 bedrooms and 1.5 baths, a full kitchen, laundry, and unfinished basement with poured foundation. Patio and nice side/backyard. 4 garage spaces and plenty of additional parking with each unit. Fully rented with long term tenants. Rental certificates good until January 2027. Plenty of upside with increasing rents to market rate.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,301
Year Built
- Built in 1992
Lot Details
- 0.43
Home Design
- Duplex
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 8 Bathrooms
- Storage
- Laundry Room
- Unfinished Basement
Kitchen
- 4 Kitchens
- Stove
- Dishwasher
Parking
- 4 Garage Spaces | 2 Attached and 2 Detached
- Driveway
Additional Features
- 0.43 Acre Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 100/03972-000-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 11, 2024
Closed on
Mar 21, 2024
Sold by
Trans Investment Inc
Bought by
Av Properties Llc
Seller's Agent
Timothy Schutte
EXIT Realty & Associates
Buyer's Agent
Sarah Poznanski
Century 21 Signature
List Price
$600,000
Sold Price
$540,000
Premium/Discount to List
-$60,000
-10%
Views
28
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$60,925
Avg. Annual Appreciation
-6.84%
Original Mortgage
$396,800
Outstanding Balance
$389,827
Interest Rate
6.64%
Mortgage Type
Credit Line Revolving
Estimated Equity
$89,248
Purchase Details
Listed on
Mar 2, 2020
Closed on
Apr 16, 2020
Sold by
Longenecker Llc
Bought by
Trans Investment Inc
Seller's Agent
Matthew Parmenter
Keller Williams Realty GDM
Buyer's Agent
Timothy Schutte
EXIT Realty & Associates
List Price
$400,000
Sold Price
$370,000
Premium/Discount to List
-$30,000
-7.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.10%
Original Mortgage
$250,000
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 18, 2018
Sold by
Longenecker Joseph T and Longenecker Kellan
Bought by
Longenecker Llc
Purchase Details
Closed on
Oct 8, 2015
Sold by
Elite Residential Ii Llc
Bought by
Longenecker Joseph T and Longenecker Kellan B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,114
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 25, 2014
Sold by
Mcclish Michael T and Mcclish June L
Bought by
Elite Residential Ii Llc
Purchase Details
Closed on
Jun 14, 2004
Sold by
Mid Iowa Properties Llc
Bought by
Mcclish Michael T and Mcclish June L
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 |
|---|---|---|---|
| Av Properties Llc | $540,000 | None Listed On Document | |
| Av Properties Llc | $540,000 | None Listed On Document | |
| Trans Investment Inc | $370,000 | None Available | |
| Longenecker Llc | -- | None Available | |
| Longenecker Joseph T | $3,045,500 | None Available | |
| Elite Residential Ii Llc | $1,702,500 | None Available | |
| Mcclish Michael T | $129,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Av Properties Llc | $396,800 | |
| Closed | Av Properties Llc | $396,800 | |
| Previous Owner | Trans Investment Inc | $250,000 | |
| Previous Owner | Longenecker Joseph T | $202,114 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/22/2024 03/22/24 | Sold | $540,000 | -8.5% | $289 / Sq Ft | |
| 02/23/2024 02/23/24 | Pending | -- | -- | -- | |
| 02/08/2024 02/08/24 | Price Changed | $590,000 | -1.7% | $316 / Sq Ft | |
| 01/11/2024 01/11/24 | For Sale | $600,000 | +62.2% | $321 / Sq Ft | |
| 04/17/2020 04/17/20 | Sold | $370,000 | -7.5% | $96 / Sq Ft | View Prior Sale |
| 04/08/2020 04/08/20 | Pending | -- | -- | -- | |
| 03/02/2020 03/02/20 | For Sale | $400,000 | -- | $104 / 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 |
|---|---|---|---|---|
| 2025 | $9,156 | $542,500 | $62,600 | $479,900 |
| 2024 | $9,156 | $465,400 | $54,700 | $410,700 |
| 2023 | $9,076 | $465,400 | $54,700 | $410,700 |
| 2022 | $9,008 | $385,100 | $47,500 | $337,600 |
| 2021 | $9,176 | $385,100 | $47,500 | $337,600 |
| 2020 | $9,532 | $367,700 | $45,100 | $322,600 |
| 2019 | $8,858 | $367,700 | $45,100 | $322,600 |
| 2018 | $8,768 | $329,600 | $39,500 | $290,100 |
| 2017 | $7,894 | $329,600 | $39,500 | $290,100 |
| 2016 | $7,692 | $291,900 | $34,800 | $257,100 |
| 2015 | $7,692 | $291,900 | $34,800 | $257,100 |
| 2014 | $7,156 | $269,300 | $31,000 | $238,300 |
Source: Public Records
Agents Affiliated with this Home
-
Timothy Schutte
-
Jasmina Salkic-Schutte
J
Seller Co-Listing Agent in 2024
Jasmina Salkic-Schutte
EXIT Realty & Associates
(319) 883-6995
13 in this area
139 Total Sales
-
Sarah Poznanski
S
Buyer's Agent in 2024
Sarah Poznanski
Century 21 Signature
(515) 709-9529
1 in this area
15 Total Sales
-
Matthew Parmenter
M
Seller's Agent in 2020
Matthew Parmenter
Keller Williams Realty GDM
(515) 321-4810
2 in this area
22 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 687600
APN: 100-03972000000
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