NOT LISTED FOR SALE

2806 Brattleboro Ave Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $269,000 - $302,009

-- Bed
3 Baths
3,722 Sq Ft
$77/Sq Ft Est. Value

Last Sold November 10, 2022

Last sale price $260,000 $70 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,934/month

14 Days on Market

Highlights

  • 2 Kitchens
  • Laundry Room
  • Storage
  • No HOA

About This Home

As of November 2022

This Turn-key Duplex has been recently renovated including windows, roof, fire escape, plumbing from the street and into the units. Electric has been updated and separated for each unit. New LVT flooring throughout, lighting, painting inside and out. Both units have their own laundry in the units, that’s a huge plus for tenants. Both units occupied with 12 month leases starting 10/1 The main level unit is 2/1 with 12 mo lease in place for $1,000. The top unit has 3 beds 1-1/2 baths and is leased at $1,500/mo. Tenants pay electric and gas, owner only has water, garbage. Plenty of Off-Street Parking. Asking price on this is $260,000, That’s just shy of 7.5% Cap-rate and a 9.5% Cash on cash, that’s including property management, maintenance, and budgeting for CapEx, etc. ? Property Management is in place for an easy turnkey transition, or you can self-manage or bring on your own management.

Directly across the street from the center of campus at Drake University. Walk-ability in this area is fantastic. 6 Blocks from Interstate 235 and less than 2 miles to Downtown. And this property is in the center of the metro, so getting anywhere is a breeze. Plenty of off-street parking.

Last Agent to Sell the Property

Chase Keller

CHASE Collective Listed on: 10/03/2022

Co-Listed By

Elizabeth Keller

CHASE Collective

Last Buyer's Agent

Eric Quiner

RE/MAX Precision

RE/MAX Precision

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,680

Year Built

  • Built in 1905

Lot Details

  • 6,600 Sq Ft Lot
  • Lot Dimensions are 50x132

Interior Spaces

  • 3,722 Sq Ft Home
  • 3-Story Property
  • Storage
  • Laundry Room
  • 2 Kitchens
  • Unfinished Basement

Utilities

  • Window Unit Cooling System

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 09003657000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,680

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Three Story
  • Lp Amt Sq Ft: 69.85
  • Sp Amt Sq Ft: 69.85
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1020
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes
  • Living Area Sq Ft: 3722
  • Total Sq Ft: 3722

Exterior Features

  • Sidewalk: Y

Garage/Parking

  • Off Street Parking: 6

Utilities

  • Air Conditioner: Window Unit
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1520
  • Lot S F: 6600
  • Lot Size: 50X132
  • Assessor Parcel Number: 09003657000000
  • Zoning: R1-60

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Water Landlord

Tax Info

  • Gross Taxes: 3680.00
  • Net Taxes: 3680.00

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, 2022
Closed on
Nov 8, 2022
Sold by
Stone Matthew and Stone Emily
Bought by
Lin Ye and Cho He Young
Seller's Agent
Chase Keller
CHASE Collective
Buyer's Agent
Eric Quiner
RE/MAX Precision
List Price
$260,000
Sold Price
$260,000
Current Estimated Value
$280,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,852
Avg. Annual Appreciation
2.49%
Original Mortgage
$195,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 4, 2021
Closed on
Jun 25, 2021
Sold by
Weisman Daniel and Weisman Jennifer Lyn
Bought by
Stone Matthew
Seller's Agent
Mary Eikenberry
Coldwell Banker Mid-America
Buyer's Agent
Elizabeth Keller
CHASE Collective
List Price
$210,000
Sold Price
$210,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.56%
Original Mortgage
$157,500
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 3, 2017
Closed on
Mar 8, 2018
Sold by
Negrete Tyne and Salah Abdihakim
Bought by
Weisman Daniel and Weisman Jennifer Lyn
Seller's Agent
Rod Barnett
Iowa Realty South
Buyer's Agent
Mary Eikenberry
Coldwell Banker Mid-America
List Price
$175,000
Sold Price
$147,000
Premium/Discount to List
-$28,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.23%

Purchase Details

Closed on
Jan 16, 2015
Sold by
Rottler Steven P
Bought by
Negrete Tyne and Salah Abdihakim

Purchase Details

Closed on
Oct 7, 2014
Sold by
Rottler Christopher D
Bought by
Rottler Steven P

Purchase Details

Closed on
Feb 15, 2013
Sold by
Rottler Steven P
Bought by
2806 Brattleboro Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.5%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Lin Ye $260,000 --
Stone Matthew $210,000 First American Mortgage Sln
Weisman Daniel $147,000 None Available
Negrete Tyne $88,000 None Available
Negrete Tyne $88,000 None Available
Rottler Steven P -- None Available
2806 Brattleboro Ave Llc $70,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lin Ye $195,000
Previous Owner Stone Matthew $157,500
Previous Owner Stone Matthew $157,500
Previous Owner 2806 Brattleboro Ave Llc $70,000
Closed Negrete Tyne $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2022 11/10/22 Sold $260,000 0.0% $70 / Sq Ft
10/17/2022 10/17/22 Pending -- -- --
10/03/2022 10/03/22 For Sale $260,000 +23.8% $70 / Sq Ft
07/16/2021 07/16/21 Sold $210,000 0.0% $78 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $210,000 +42.9% $78 / Sq Ft
03/12/2018 03/12/18 Sold $147,000 -16.0% $54 / Sq Ft
02/10/2018 02/10/18 Pending -- -- --
11/03/2017 11/03/17 For Sale $175,000 -- $65 / 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 $4,848 $246,400 $23,000 $223,400
2023 $3,404 $246,400 $23,000 $223,400
2022 $3,378 $144,400 $18,600 $125,800
2021 $3,160 $144,400 $18,600 $125,800
2020 $3,282 $126,600 $16,500 $110,100
2019 $2,804 $126,600 $16,500 $110,100
2018 $2,774 $104,300 $12,000 $92,300
2017 $2,524 $104,300 $12,000 $92,300
2016 $3,514 $93,300 $10,800 $82,500
2015 $3,514 $86,000 $11,100 $74,900
2014 $3,282 $76,500 $11,100 $65,400
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Chase Keller

    CHASE Collective

    (319) 231-1160

    4 in this area

    24 Total Sales

    Section Image
  • Elizabeth Keller

    Seller Co-Listing Agent in 2022

    Elizabeth Keller

    CHASE Collective

    (515) 423-5607

    16 in this area

    299 Total Sales

    Section Image
  • Eric Quiner

    Buyer's Agent in 2022

    Eric Quiner

    RE/MAX

    (515) 710-5468

    17 in this area

    218 Total Sales

    Section Image

  • M

    Seller's Agent in 2021

    Mary Eikenberry

    Coldwell Banker Mid-America

    Section Image
  • Liz Prue

    Buyer's Agent in 2021

    Liz Prue

    RE/MAX

    (515) 423-5607

    7 in this area

    171 Total Sales

    Section Image

  • R

    Seller's Agent in 2018

    Rod Barnett

    Iowa Realty South

See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 661302

Des Moines Area Association of REALTORS®

APN: 090-03657000000

Iowa Polk County Des Moines 50311 Drake

2806 Brattleboro Ave, Des Moines, IA

This home is located at 2806 Brattleboro Ave, Des Moines, IA 50311 since 03 October 2022 and is currently estimated at $285,505, approximately $76 per square foot. This property was built in 1905. 2806 Brattleboro Ave is a home located in Polk County with nearby schools including Hubbell Elementary, Callanan Middle School, and Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Des Moines Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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