NOT LISTED FOR SALE

3023 Kingman Blvd Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $272,000 - $289,020

-- Bed
4 Baths
2,694 Sq Ft
$104/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $250,000 $93 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,942/month

14 Days on Market

Highlights

  • 4 Kitchens
  • No HOA
  • Hot Water Heating System

About This Home

As of August 2022

Great Investment opportunity just south of Drake University. 4 units with one 2 bedroom, two 1 bedroom units, and one efficiency unit. Main level 2 bedroom unit has a 1 car garage for extra income. Current owner only used it for storage. Current rental certificate will be renewed before closing. Rents are low for the area and could be increased in all 4 units. On site coin operated laundry for extra income.

Last Agent to Sell the Property

Lance Martinson

RE/MAX Revolution Listed on: 07/20/2022

RE/MAX Revolution

Last Buyer's Agent

Jordon Vivanh

RE/MAX Concepts

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 77x150

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Shingled Roof
  • Stucco

Interior Spaces

  • 2,694 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Kitchen

  • 4 Kitchens
  • Stove
  • Cooktop

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Driveway

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 09003763000000

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Three Story
  • Lp Amt Sq Ft: 102.08
  • Sp Amt Sq Ft: 92.80
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Refrigerators: 4
  • Stoves Total: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • First Floor Full Bathrooms: 2
  • Second Floor Full Bathrooms: 1
  • Full Bathrooms: 1
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 840
  • Kitchens: 4
  • Included Items: Cooktop, Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 2694
  • Total Sq Ft: 2694

Exterior Features

  • Exterior: Brick, Stucco
  • Foundation: Concrete Block
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Sidewalk: Y
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete
  • Garage: 1 Attached

Utilities

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

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.2670
  • Lot S F: 11625
  • Lot Size: 77X150
  • Assessor Parcel Number: 09003763000000
  • Zoning: R-3

Rental Info

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

Tax Info

  • Gross Taxes: 6331.86
  • Net Taxes: 6331.86

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2022
Closed on
Aug 13, 2022
Sold by
Williams-Shaw Sydni R and Williams-Shaw Chih-Nung C
Bought by
Lopez Cole and Guerra Lia
Seller's Agent
Lance Martinson
RE/MAX Revolution
Buyer's Agent
Jordon Vivanh
RE/MAX Concepts
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%
Current Estimated Value
$280,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,510
Avg. Annual Appreciation
3.85%

Purchase Details

Listed on
Sep 4, 2018
Closed on
Oct 12, 2018
Sold by
Koethe Steven
Bought by
Williams Shaw Sydni R and Shaw Chih Nung C
Seller's Agent
Justin Nienkerk
RE/MAX Precision
Buyer's Agent
Elizabeth Keller
CHASE Collective
List Price
$270,000
Sold Price
$255,000
Premium/Discount to List
-$15,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.51%
Original Mortgage
$178,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 2, 2015
Closed on
Jan 11, 2016
Sold by
Acquired Capital Ii Lp
Bought by
Koethe Steven
Seller's Agent
George Archer
RE/MAX Concepts
Buyer's Agent
George Archer
RE/MAX Concepts
List Price
$135,000
Sold Price
$85,000
Premium/Discount to List
-$50,000
-37.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.68%

Purchase Details

Closed on
Apr 30, 2008
Sold by
Hanback Michael J and Hanback Glenda J
Bought by
Security Investment Assn Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
May 13, 2005
Sold by
Hanback Michael J
Bought by
Hanback Michael J and Hanback Glenda J
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
Lopez Cole $250,000 None Listed On Document
Williams Shaw Sydni R $255,000 None Available
Koethe Steven $85,000 None Available
Security Investment Assn Inc $170,500 Itc
Hanback Michael J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Shaw Sydni R $178,500
Previous Owner Williams Shaw Sydni R $178,500
Previous Owner Koethe Steven D $124,000
Previous Owner Security Investment Assn Inc $120,000
Previous Owner Hanback Michael J $12,500
Previous Owner Hanback Michael J $133,000
Previous Owner Hanback Michael J $10,314
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2022 08/19/22 Sold $250,000 -9.1% $93 / Sq Ft
08/03/2022 08/03/22 Pending -- -- --
07/20/2022 07/20/22 For Sale $275,000 +7.8% $102 / Sq Ft
10/18/2018 10/18/18 Sold $255,000 -5.6% $95 / Sq Ft
10/18/2018 10/18/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $270,000 +217.6% $100 / Sq Ft
01/12/2016 01/12/16 Sold $85,000 -37.0% $30 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
09/02/2015 09/02/15 For Sale $135,000 -- $48 / 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 $5,114 $260,000 $30,700 $229,300
2023 $4,972 $260,000 $30,700 $229,300
2022 $5,812 $211,000 $25,700 $185,300
2021 $5,166 $211,000 $25,700 $185,300
2020 $7,193 $173,000 $23,400 $149,600
2019 $5,100 $173,000 $23,400 $149,600
2018 $5,424 $144,000 $23,400 $120,600
2017 $5,094 $144,000 $23,400 $120,600
2016 $5,312 $130,000 $19,500 $110,500
2015 $5,312 $130,000 $19,500 $110,500
2014 $5,509 $116,000 $19,500 $96,500
Source: Public Records

Agents Affiliated with this Home

  • Lance Martinson

    Seller's Agent in 2022

    Lance Martinson

    RE/MAX

    (515) 371-8765

    12 in this area

    355 Total Sales

    Lance Martinson
    Section Image

  • J

    Buyer's Agent in 2022

    Jordon Vivanh

    RE/MAX

    (515) 865-1876

    3 in this area

    63 Total Sales

    Jordon Vivanh
    Section Image
  • David Welch

    Seller Co-Listing Agent in 2018

    David Welch

    RE/MAX

    (515) 201-4203

    1 in this area

    250 Total Sales

    David Welch
    Section Image
  • Elizabeth Keller

    Buyer's Agent in 2018

    Elizabeth Keller

    CHASE Collective

    (515) 423-5607

    16 in this area

    293 Total Sales

    Elizabeth Keller
    Section Image
  • Liz Prue

    Buyer's Agent in 2018

    Liz Prue

    RE/MAX

    (515) 423-5607

    7 in this area

    165 Total Sales

    Liz Prue
    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 656615

Des Moines Area Association of REALTORS®

APN: 090-03763000000

Iowa Polk County Des Moines 50311 Drake

3023 Kingman Blvd, Des Moines, IA

This home is located at 3023 Kingman Blvd, Des Moines, IA 50311 since 20 July 2022 and is currently estimated at $280,510, approximately $104 per square foot. This property was built in 1912. 3023 Kingman Blvd 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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