NOT LISTED FOR SALE

2940 Brattleboro Ave Unit 1 & 2 Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $241,000 - $270,552

-- Bed
2 Baths
2,142 Sq Ft
$119/Sq Ft Est. Value

Last Sold June 09, 2020

Last sale price $192,000 $90 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,688/month

30 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Storage
  • Wood Flooring
  • Laundry Room
  • Forced Air Heating System

About This Home

As of June 2020

Check out this cash-flowing investment property with gross rental income of $2200 monthly! Wow, this location is phenomenal, as it's within walking distance to Drake University, and has easy access to the interstate. This property has newer windows, updates to flooring, updated kitchens, and laundry in the basement. Contact your realtor to schedule a showing today! The rental certificate for this property is good for 2 years.

Last Agent to Sell the Property

Joel Conner

Realty ONE Group Impact Listed on: 05/06/2020

Realty ONE Group Impact

Last Buyer's Agent

Meghan O'Brien

Realty ONE Group Impact

Realty ONE Group Impact

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,528

Year Built

  • Built in 1895

Lot Details

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

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Brick Foundation
  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,142 Sq Ft Home
  • Storage
  • Fire and Smoke Detector
  • Unfinished Basement

Kitchen

  • 2 Kitchens
  • Stove
  • Microwave

Flooring

  • Wood
  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 09003676000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $7,164
  • Gross Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,528

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Duplex
  • Lp Amt Sq Ft: 91.04
  • Sp Amt Sq Ft: 89.64
  • Termite: Call Listing Agent
  • Unit: 1 & 2
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: Carpeting, Hardwood Floors, Smoke Detector, Vinyl Floors
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Third Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1036
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes
  • Included Items: Dryer, Microwave, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 2142
  • Total Sq Ft: 2142

Exterior Features

  • Exterior: Metal Siding
  • Foundation: Brick
  • Paved: No
  • Roof: Asphalt Shingle
  • Street Feature: Concrete
  • Trim: Paint

Garage/Parking

  • Driveway: Gravel
  • Off Street Parking: south parking lot

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Total Expense: 7164

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1520
  • Lot S F: 6600
  • Lot Shape: Regular
  • Lot Size: 50X132
  • Assessor Parcel Number: 09003676000000
  • Zoning: R1-60

Rental Info

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

Tax Info

  • Gross Taxes: 2528.00
  • Net Taxes: 2528.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2020
Closed on
Jun 8, 2020
Sold by
Conner Investments Llc
Bought by
Sam Days Holdings Llc
Seller's Agent
Joel Conner
Realty ONE Group Impact
Buyer's Agent
Meghan O'Brien
Realty ONE Group Impact
List Price
$195,000
Sold Price
$192,000
Premium/Discount to List
-$3,000
-1.54%
Current Estimated Value
$255,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,776
Avg. Annual Appreciation
5.31%

Purchase Details

Closed on
Oct 19, 2018
Sold by
Glasgow Properties Llc
Bought by
Conner Investments Llc

Purchase Details

Closed on
Dec 28, 2012
Sold by
Gm Properties Llc
Bought by
Glasgow Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.34%

Purchase Details

Closed on
Mar 29, 2004
Sold by
Gm Properties Llc
Bought by
Miller Marcus J and Miller Sarah M

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
5.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2003
Sold by
Des Moines Area Rentals Lc
Bought by
Gm Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,050
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 27, 1999
Sold by
Baner Terril M
Bought by
Sheffer Eugene C and Sheffer Heather E

Purchase Details

Closed on
May 20, 1997
Sold by
Contract Exchange Corp
Bought by
Terrill M Baner Md Ltd

Purchase Details

Closed on
Apr 15, 1997
Sold by
Stokstad Arden and Stokstad Robyn
Bought by
Contract Exchange Corp
Source: Public Records

Range of Values:

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Average Value
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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 $192,000 None Available
Conner Investments Llc $137,000 None Available
Glasgow Properties Llc $119,250 None Available
Miller Marcus J -- --
Gm Properties Llc $84,500 --
Sheffer Eugene C $56,500 --
Terrill M Baner Md Ltd -- --
Contract Exchange Corp -- --
Sheffer Eugene C $57,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sam Days Holdings Llc $147,000
Previous Owner Glasgow Properties Llc $75,000
Previous Owner Miller Marcus J $90,000
Previous Owner Gm Properties Llc $76,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2020 06/09/20 Sold $192,000 -1.5% $90 / Sq Ft
06/05/2020 06/05/20 Pending -- -- --
05/06/2020 05/06/20 For Sale $195,000 -- $91 / 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 $3,522 $179,000 $23,000 $156,000
2023 $3,258 $179,000 $23,000 $156,000
2022 $3,232 $138,200 $18,600 $119,600
2021 $2,832 $138,200 $18,600 $119,600
2020 $2,942 $113,500 $16,500 $97,000
2019 $2,528 $113,500 $16,500 $97,000
2018 $2,504 $94,100 $12,000 $82,100
2017 $2,106 $94,100 $12,000 $82,100
2016 $2,052 $77,900 $10,800 $67,100
2015 $2,052 $77,900 $10,800 $67,100
2014 $2,112 $79,500 $11,000 $68,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 604543

Des Moines Area Association of REALTORS®

APN: 090-03676000000