NOT LISTED FOR SALE

3118 Cottage Grove Ave Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $625,000

-- Bed
9 Baths
9,051 Sq Ft
$69/Sq Ft Est. Value

Last Sold December 30, 2016

Last sale price $330,000 $36 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $4,329/month

99 Days on Market

Highlights

  • 8 Kitchens
  • No HOA
  • Central Air
  • 0.61 Acre Lot
  • Laundry Room
  • Hot Water Heating System

About This Home

As of December 2016

This fully occupied, updated investment property will give you bang for your buck! Each unit has its own central air unit, dishwasher, and garbage disposal. Boiler heat, 24 new windows installed spring 2016, exterior painted spring 2016, ample off-street parking, two coin-operated washers and dryers in basement. To be mindful of tenants, minimum 24-hour notice for showing.

Last Listed By

Lynn Johnson

RE/MAX Concepts Listed on: 09/22/2016

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 0.61 Acre Lot
  • Lot Dimensions are 75x353

Home Design

  • Block Foundation
  • Frame Construction

Interior Spaces

  • 9,051 Sq Ft Home
  • 2-Story Property
  • 8 Kitchens
  • Laundry Room

Finished Basement

  • Walk-Out Basement
  • Crawl Space
  • Natural lighting in basement

Utilities

  • Central Air
  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 09004636031000

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 41.43
  • Sp Amt Sq Ft: 36.46
  • Termite: Call Listing Agent
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Dishwashers: 8
  • Refrigerators: 8
  • Stoves Total: 8
  • Total Bathrooms: 9.00
  • Full Bathrooms: 9
  • First Floor Full Bathrooms: 1
  • Second Floor Full Bathrooms: 2
  • Third Floor Full Bathrooms: 6
  • Basement Description: Crawl Space, Daylight Window, Finished, Walkout
  • Sq Ft Bsmt: 2605
  • Kitchens: 8
  • Laundry: Yes
  • Living Area Sq Ft: 9051
  • Total Sq Ft: 9051

Exterior Features

  • Exterior: Frame
  • Foundation: Concrete Block, Poured, Tile

Garage/Parking

  • Off Street Parking: Yes

Utilities

  • Air Conditioner: Central
  • Heat: Hot Water

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.6080
  • Lot S F: 26475
  • Lot Size: 75X353
  • Assessor Parcel Number: 09004636031000
  • Zoning: R-3

Rental Info

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

Tax Info

  • Gross Taxes: 11604.00
  • Net Taxes: 11604.00

Multi Family

  • Total Units: 8

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2016
Closed on
Dec 22, 2016
Sold by
Ministry Place Llc
Bought by
Bbt Rentals Llc
Seller's Agent
Lynn Johnson
RE/MAX Concepts
Buyer's Agent
Chris Chiaramonte
Century 21 Signature
List Price
$375,000
Sold Price
$330,000
Premium/Discount to List
-$45,000
-12%
Total Days on Market
99
Current Estimated Value
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,000
Avg. Annual Appreciation
7.99%

Purchase Details

Closed on
Dec 23, 2015
Sold by
Rottler Steven P and Rottler Joan Dee Family Trust
Bought by
Ministry Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2000
Sold by
Estate Of Joan Dee Rottler
Bought by
Rottler Steven P and The Joan Dee Rottler Family Tr

Purchase Details

Closed on
Nov 4, 1998
Sold by
Rottler Steven P and Rottler Joan Dee
Bought by
Rottler Joan Dee

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
Bbt Rentals Llc $330,000 None Available
Ministry Place Llc -- --
Rottler Steven P -- --
Rottler Joan Dee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Professor Holdings Llc $30,000
Closed Professor Holdings Llc $0
Open Dsm Mf Llc $880,000
Closed Bbt Rentals Llc $975,000
Previous Owner Ministry Place Llc $1,260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2016 12/30/16 Sold $330,000 -12.0% $36 / Sq Ft
12/30/2016 12/30/16 Pending -- -- --
09/22/2016 09/22/16 For Sale $375,000 -- $41 / 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 $9,954 $506,000 $70,000 $436,000
2023 $9,686 $506,000 $70,000 $436,000
2022 $17,506 $411,000 $58,600 $352,400
2021 $12,206 $411,000 $58,600 $352,400
2020 $12,678 $378,000 $53,300 $324,700
2019 $11,120 $378,000 $53,300 $324,700
2018 $11,826 $314,000 $53,300 $260,700
2017 $11,130 $314,000 $53,300 $260,700
2016 $11,604 $284,000 $44,500 $239,500
2015 $11,604 $284,000 $44,500 $239,500
2014 $10,856 $253,000 $44,500 $208,500
Source: Public Records

Agents Affiliated with this Home

  • Lynn Johnson

    Seller's Agent in 2016

    Lynn Johnson

    RE/MAX

    (515) 343-9390

    6 in this area

    237 Total Sales

    Lynn Johnson
    Section Image
  • Chris Chiaramonte

    Buyer's Agent in 2016

    Chris Chiaramonte

    Century 21 Signature

    (515) 963-1040

    5 in this area

    164 Total Sales

    Chris Chiaramonte
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 526051

Des Moines Area Association of REALTORS®

APN: 090-04636031000

Iowa Polk County Des Moines 50311 Drake

3118 Cottage Grove Ave, Des Moines, IA

Homes for Sale in Des Moines, IA

This home is located at 3118 Cottage Grove Ave, Des Moines, IA 50311 since 22 September 2016 and is currently estimated at $625,000, approximately $69 per square foot. This property was built in 1918. 3118 Cottage Grove Ave 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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