NOT LISTED FOR SALE

2931 Kingman Blvd Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $292,000 - $327,242

-- Bed
5 Baths
3,367 Sq Ft
$92/Sq Ft Est. Value

Last Sold February 06, 2020

Last sale price $225,000 $67 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,048/month

125 Days on Market

Highlights

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

About This Home

As of February 2020

Income producing property on a desirable side of town! This property features 5 units which offers off street parking for tenants and a garage that could allow additional rental income. Many recent updates include electrical service completely brought up to code (200 AMP) and divided to separate meters for each unit, features fresh paint inside and out, new carpet and most of the wood flooring redone. This is a great income producing property with value added opportunity available!

Last Agent to Sell the Property

Bryant Pickering

Iowa Realty Mills Crossing Listed on: 10/04/2019

Iowa Realty Mills Crossing

Co-Listed By

Larry Pickering

Iowa Realty Mills Crossing

Last Buyer's Agent

Meghan O'Brien

Realty ONE Group Impact

Realty ONE Group Impact

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1909

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75x150

Parking

  • Driveway

Home Design

  • Block Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 3,367 Sq Ft Home
  • Storage
  • Laundry Room
  • 5 Kitchens
  • Unfinished Basement

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 09003767000000

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Gross Income $3,480

Property Details

Home Type

Apartment

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Apartment Style
  • Lp Amt Sq Ft: 74.25
  • Sp Amt Sq Ft: 66.83
  • Termite: Call Listing Agent
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Disposals: 2
  • Refrigerators: 5
  • Stoves Total: 5
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • First Floor Full Bathrooms: 3
  • Third Floor Full Bathrooms: 1
  • Full Bathrooms: 1
  • Basement Description: Unfinished
  • Kitchens: 5
  • Laundry: Yes
  • Storage: Yes
  • Living Area Sq Ft: 3367
  • Total Sq Ft: 3367

Exterior Features

  • Foundation: Concrete Block
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Sidewalk: Y
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete
  • Off Street Parking: 6

Utilities

  • Air Conditioner: Window Unit
  • Heat: Hot Water
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.2580
  • Lot S F: 11250
  • Lot Size: 75X150
  • Assessor Parcel Number: 09003767000000
  • Zoning: R1-60

Rental Info

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

Tax Info

  • Gross Taxes: 5793.00
  • Net Taxes: 5793.00
  • Tax Year: 2019

Multi Family

  • Total Units: 5

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2019
Closed on
Feb 3, 2020
Sold by
144 Properties Llc
Bought by
Sam Days Holdings Llc
Seller's Agent
Bryant Pickering
Iowa Realty Mills Crossing
Buyer's Agent
Meghan O'Brien
Realty ONE Group Impact
List Price
$300,000
Sold Price
$225,000
Premium/Discount to List
-$75,000
-25%
Current Estimated Value
$309,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,621
Avg. Annual Appreciation
5.64%

Purchase Details

Listed on
Mar 22, 2012
Closed on
Aug 22, 2012
Sold by
Dsmblc Holdings Inc
Bought by
144 Properties Lc
Seller's Agent
Randy Murphy
LPT Realty, LLC
Buyer's Agent
Randy Murphy
LPT Realty, LLC
List Price
$139,900
Sold Price
$110,000
Premium/Discount to List
-$29,900
-21.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.11%
Original Mortgage
$185,000
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2002
Sold by
Dykstra Virgil D and Dykstra Dorothy A
Bought by
Trawn Companies Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.62%
Mortgage Type
Commercial
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
Sam Days Holdings Llc $225,000 None Available
144 Properties Lc $109,500 None Available
Trawn Companies Llc $89,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 144 Properties Lc $185,000
Previous Owner Trawn Companies Llc $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/06/2020 02/06/20 Sold $225,000 -25.0% $67 / Sq Ft
02/06/2020 02/06/20 Pending -- -- --
10/04/2019 10/04/19 For Sale $300,000 +172.7% $89 / Sq Ft
09/04/2012 09/04/12 Sold $110,000 -21.4% $33 / Sq Ft View Prior Sale
08/15/2012 08/15/12 Pending -- -- --
03/22/2012 03/22/12 For Sale $139,900 -- $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
2025 $5,016 $275,000 $33,900 $241,100
2024 $5,016 $255,000 $29,700 $225,300
2023 $4,878 $255,000 $29,700 $225,300
2022 $5,702 $207,000 $24,900 $182,100
2021 $5,076 $207,000 $24,900 $182,100
2020 $5,702 $170,000 $22,600 $147,400
2019 $4,994 $170,000 $22,600 $147,400
2018 $5,310 $141,000 $22,600 $118,400
2017 $4,976 $141,000 $22,600 $118,400
2016 $5,190 $127,000 $19,000 $108,000
2015 $5,190 $127,000 $19,000 $108,000
2014 $5,052 $113,000 $19,000 $94,000
Source: Public Records

Agents Affiliated with this Home

  • Bryant Pickering

    Seller's Agent in 2020

    Bryant Pickering

    Iowa Realty Mills Crossing

    (515) 883-0333

    63 Total Sales

    Bryant Pickering
    Section Image

  • L

    Seller Co-Listing Agent in 2020

    Larry Pickering

    Iowa Realty Mills Crossing

    (515) 669-6600

    62 Total Sales

    Larry Pickering
    Section Image
  • Meghan O'Brien

    Buyer's Agent in 2020

    Meghan O'Brien

    Realty ONE Group Impact

    (515) 554-5312

    14 in this area

    108 Total Sales

    Meghan O'Brien
    Section Image
  • Randy Murphy

    Seller's Agent in 2012

    Randy Murphy

    LPT Realty, LLC

    (515) 669-9332

    2 in this area

    38 Total Sales

    Randy Murphy
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 592737

Des Moines Area Association of REALTORS®

APN: 090-03767000000

Iowa Polk County Des Moines 50311 Drake

2931 Kingman Blvd, Des Moines, IA

Not Listed for Sale

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