$275,000

3101 Cottage Grove Ave Des Moines, IA 50311

Drake Neighborhood

Estimated payment $1,896/month

Total Views 13,116
7 Beds
7 Baths
3,067 Sq Ft
$90 Price per Sq Ft

About This Home

Steps from Drake University and surrounded by ongoing neighborhood revitalization, 3101 Cottage Grove is primed for transformation. Currently a 7 unit building, it shines brightest as a candidate for conversion back to a stately single family home. The property sits within an Invest DSM program area making it eligible for grants, reimbursements, and low interest rehab loans plus NFC Advantage Lending benefits that can offset renovation costs. Historic homes nearby have already seen significant value growth, fueled by preservation efforts and new local businesses. City code upgrades for electrical and HVAC are required for continued multifamily use, but those same improvements can anchor a top tier single family redesign. Bring your vision and capture this rare location plus funding opportunity. Property sold as is; buyer to verify all incentives and requirements.

Listing Agent

Teri Lamberti

LPT Realty, LLC Listed on: 07/01/2025

LPT Realty, LLC

Co-Listing Agent

Sarah Kavalier

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,812

Year Built

  • Built in 1890

Lot Details

  • 9,790 Sq Ft Lot

Parking

  • Gravel Driveway

Home Design

  • Brick Foundation
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,067 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 09004636020000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,812

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Residential
  • Style: Three Story, Two Story
  • Lp Amt Sq Ft: 89.66
  • Natl Assocof Home Builders: No
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • First Floor Full Bathrooms: 2
  • Second Floor Full Bathrooms: 3
  • Third Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Living Area Sq Ft: 3067
  • Total Sq Ft: 3067

Exterior Features

  • Exterior: Frame
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Asphalt

Garage/Parking

  • Driveway: Gravel

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.2250
  • Lot S F: 9790
  • Assessor Parcel Number: 09004636020000
  • Zoning: Z

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: 4812.50
  • Net Taxes: 4812.50

MLS Schools

  • School District: Des Moines Independent

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $4,642 $236,000 $25,900 $210,100
2023 $4,526 $236,000 $25,900 $210,100
2022 $5,288 $192,000 $21,700 $170,300
2021 $4,688 $192,000 $21,700 $170,300
2020 $5,266 $157,000 $19,700 $137,300
2019 $4,604 $157,000 $19,700 $137,300
2018 $4,896 $130,000 $19,700 $110,300
2017 $4,586 $130,000 $19,700 $110,300
2016 $4,780 $117,000 $16,500 $100,500
2015 $4,780 $117,000 $16,500 $100,500
2014 $4,462 $104,000 $16,500 $87,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $275,000 -- $90 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $162,500 None Available
Warranty Deed $181,500 None Available
Contract Of Sale $182,000 None Available
Warranty Deed $55,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 New Conventional
Closed $315,200 Commercial
Closed $315,200 Commercial
Previous Owner $111,000 Seller Take Back
Previous Owner $201,000 Commercial
Source: Public Records

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Source: Des Moines Area Association of REALTORS®

MLS Number: 721402

Des Moines Area Association of REALTORS®

APN: 090-04636020000