NOT LISTED FOR SALE

2838 Capitol Ave Des Moines, IA 50317

Fairground Neighborhood

Estimated Value: $117,000 - $139,000

2 Beds
1 Bath
704 Sq Ft
$187/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $120,000 $170 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $823/month

39 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Family Room
  • No HOA
  • Street paved with bricks
  • Dining Area

About This Home

As of June 2021

Affordable & adorable AND includes great income each year from State Fair Parking on the huge lot! Nearly 1,000 finished sqft is move in ready! A deck for warm days & an enclosed porch for 3 seasons of relaxing begin at the front step. An open living room joins the dining area for flexible space. Check out the new light fixtures! 2 bedrooms are cozy & have adequate closet space. Stove, refrigerator & microwave are included in the kitchen w/generous counter/cabinet space. Stainless steel sink is right below the kitchen window. Full bath has a charming built-in linen closet! 2nd enclosed back porch offers a wall of windows & built in storage leading to lower level w/washer, dryer & storage. BONUS - the extra large lot can be used for State Fair parking, producing income every August! This location is in Neighborhood Financing that offers $10,000 forgivable grant for improvements like a garage. Don’t pass up on this money making opportunity to have this as Home Sweet Home!

Last Agent to Sell the Property

Pennie Carroll

Pennie Carroll & Associates Listed on: 05/07/2021

Last Buyer's Agent

Julie Bacon

RE/MAX Results

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,633

Year Built

  • Built in 1912

Lot Details

  • 4,448 Sq Ft Lot
  • Lot Dimensions are 33x134
  • Street paved with bricks
  • Property is zoned N3C

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Brick Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 704 Sq Ft Home
  • Drapes & Rods
  • Family Room
  • Dining Area
  • Fire and Smoke Detector
  • Unfinished Basement

Kitchen

  • Stove
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 05000747000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,633

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Residential
  • Style: Ranch
  • Architecture: Traditional
  • Lp Amt Sq Ft: 181.11
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 170.45
  • Termite: Follow Showing Instructions
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cable TV, Carpeting, Drapes/Curtains, Smoke Detector, Vinyl Floors
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Dining Room: Dining Areas
  • Family Room: 1st Floor
  • Included Items: Microwave, Refrigerator, Stove
  • Living Area Sq Ft: 704
  • Total Sq Ft: 704

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Brick, Concrete, Public Sidewalk
  • Trim: Oak

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.1020
  • Lot S F: 4448
  • Lot Size: 33X134
  • Assessor Parcel Number: 05000747000000
  • Zoning: N3C

Green Features

  • Additional Green Features: No
  • ENERGYSTAR qualified New Home: No
  • HERS Rating: No
  • Leed For Homes: No
  • Solar: No

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 1633.00
  • Net Taxes: 1633.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Jun 18, 2021
Sold by
Llh Properties Llc
Bought by
Herman Ashley Dawn
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Julie Bacon
RE/MAX Results
List Price
$127,500
Sold Price
$120,000
Premium/Discount to List
-$7,500
-5.88%
Current Estimated Value
$131,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,985
Avg. Annual Appreciation
2.17%
Original Mortgage
$4,714
Outstanding Balance
$669
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$131,316

Purchase Details

Closed on
Aug 7, 2003
Sold by
Malloy Jerry and Malloy Viola
Bought by
Hagman Matthew Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,950
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Herman Ashley Dawn $120,000 None Available
Hagman Matthew Lee $52,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herman Ashley Dawn $4,714
Open Herman Ashley Dawn $117,826
Previous Owner Hagman Matthew Lee $49,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2021 06/18/21 Sold $120,000 -5.9% $170 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $127,500 -- $181 / 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
2025 $1,510 $90,200 $17,800 $72,400
2024 $1,510 $76,800 $15,200 $61,600
2023 $1,450 $76,800 $15,200 $61,600
2022 $1,438 $61,500 $12,400 $49,100
2021 $1,340 $61,500 $12,400 $49,100
2020 $1,392 $53,700 $10,900 $42,800
2019 $1,256 $53,700 $10,900 $42,800
2018 $1,242 $46,700 $9,400 $37,300
2017 $1,174 $46,700 $9,400 $37,300
2016 $1,120 $43,400 $8,700 $34,700
2015 $1,120 $42,500 $8,700 $33,800
2014 $1,086 $42,400 $8,600 $33,800
Source: Public Records

Agents Affiliated with this Home

  • Pennie Carroll

    Seller's Agent in 2021

    Pennie Carroll

    Pennie Carroll & Associates

    (515) 490-8025

    13 in this area

    1,244 Total Sales

    Pennie Carroll
    Section Image
  • Julie Bacon

    Buyer's Agent in 2021

    Julie Bacon

    RE/MAX Results

    (515) 491-3080

    1 in this area

    68 Total Sales

    Julie Bacon
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 628696

Des Moines Area Association of REALTORS®

APN: 050-00747000000

Iowa Polk County Des Moines 50317 Fairground

2838 Capitol Ave, Des Moines, IA

Not Listed for Sale

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