NOT LISTED FOR SALE

2820 Cottage Grove Ave Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $215,501 - $242,000

-- Bed
4 Baths
2,334 Sq Ft
$98/Sq Ft Est. Value

Last Sold July 14, 2016

Last sale price $90,000 $39 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $1,509/month

27 Days on Market

Highlights

  • 4 Kitchens
  • Laundry Room
  • Hot Water Heating System
  • No HOA
  • Storage

About This Home

As of July 2016

Well located Drake 4 unit with long-term tenants. 3 of the units have been updated. The last one should be when the current tenant leaves. 4 - 1 bedroom units with separate electric meters. Tenants share use of main floor coin op laundry (leased). Additional storage in basement. Plenty of off street parking. Boiler and roof updated in the early 2000's. Always rented. Landlord pays heat and water.

Last Agent to Sell the Property

Tom Casey

Key Realty Listed on: 05/31/2016

Last Buyer's Agent

Chris Chiaramonte

Century 21 Signature

Century 21 Signature

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 6,650 Sq Ft Lot
  • Lot Dimensions are 50x133

Home Design

  • Block Foundation
  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2,334 Sq Ft Home
  • 2-Story Property
  • Storage
  • Laundry Room
  • 4 Kitchens
  • Unfinished Basement

Utilities

  • No Cooling
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 09003713000000

Community Details

Overview

  • No Home Owners Association

Building Details

  • Operating Expense $886
  • Gross Income $2,195

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 42.20
  • Sp Amt Sq Ft: 38.56
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Stoves Total: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • First Floor Full Bathrooms: 4
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 513
  • Kitchens: 4
  • Laundry: Yes
  • Storage: Yes
  • Living Area Sq Ft: 2334
  • Total Sq Ft: 2334

Exterior Features

  • Exterior: Metal Siding
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Sidewalk: y
  • Street Feature: Concrete

Garage/Parking

  • Off Street Parking: 5

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: None
  • Heat: Hot Water
  • Separate Meters: y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Fee Information

  • Total Expense: 886

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1530
  • Lot S F: 6650
  • Lot Size: 50X133
  • Assessor Parcel Number: 09003713000000
  • Zoning: R1-60

Rental Info

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

Tax Info

  • Gross Taxes: 4248.00
  • Net Taxes: 4248.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2020
Sold by
Bbt Rentals Llc
Bought by
Lenox Properties Llc
Current Estimated Value
$228,751

Purchase Details

Closed on
Mar 17, 2020
Sold by
Bbt Rentals Llc
Bought by
Lenox Properties Llc

Purchase Details

Closed on
Feb 27, 2017
Sold by
Amen Corner Llc
Bought by
Bbt Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Listed on
May 31, 2016
Closed on
Jun 28, 2016
Sold by
Apartments By Ellingson Llc
Bought by
Amen Corner Llc
Seller's Agent
Tom Casey
Key Realty
Buyer's Agent
Chris Chiaramonte
Century 21 Signature
List Price
$98,500
Sold Price
$90,000
Premium/Discount to List
-$8,500
-8.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.98%

Purchase Details

Closed on
May 24, 2002
Sold by
Scisco John and Heaton Gloria K
Bought by
Ellingson Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2000
Sold by
Scisco John
Bought by
Scisco John and Heaton Gloria K

Purchase Details

Closed on
Oct 20, 1999
Sold by
Hodges Donald R and Hodges Helen I
Bought by
Scisco John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 17, 1997
Sold by
Hodges Donald R and Hodges Helen I
Bought by
Scisco John
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
Lenox Properties Llc $145,000 None Available
Lenox Properties Llc $145,000 None Available
Bbt Rentals Llc $108,000 None Available
Amen Corner Llc $90,000 None Available
Ellingson Brian $83,500 --
Scisco John -- --
Scisco John $55,500 --
Scisco John $56,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ellingson Brian $75,600
Previous Owner Scisco John $52,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2016 07/14/16 Sold $90,000 -8.6% $39 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $98,500 -- $42 / 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 $3,548 $180,400 $17,600 $162,800
2023 $3,356 $203,000 $17,600 $185,400
2022 $3,922 $165,000 $14,700 $150,300
2021 $3,356 $165,000 $14,700 $150,300
2020 $3,770 $135,000 $13,400 $121,600
2019 $3,966 $135,000 $13,400 $121,600
2018 $4,218 $112,000 $13,000 $99,000
2017 $4,350 $112,000 $13,000 $99,000
2016 $4,536 $111,000 $11,000 $100,000
2015 $4,536 $111,000 $11,000 $100,000
2014 $4,248 $99,000 $11,000 $88,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Tom Casey

    Key Realty

    Section Image
  • Chris Chiaramonte

    Buyer's Agent in 2016

    Chris Chiaramonte

    Century 21 Signature

    (515) 963-1040

    6 in this area

    160 Total Sales

    Chris Chiaramonte
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 518766

Des Moines Area Association of REALTORS®

APN: 090-03713000000

Iowa Polk County Des Moines 50311 Drake

2820 Cottage Grove Ave, Des Moines, IA

This home is located at 2820 Cottage Grove Ave, Des Moines, IA 50311 since 31 May 2016 and is currently estimated at $228,751, approximately $98 per square foot. This property was built in 1895. 2820 Cottage Grove 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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