3407 5th Ave Des Moines, IA 50313
Highland Park Neighborhood
--
Bed
3
Baths
3,904
Sq Ft
0.27
Acres
Highlights
- 6 Kitchens
- Storage
- Hot Water Heating System
About This Home
As of August 2021Fully rented with great tenants, boiler heat new in 2009. Good cash flow opportunity!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1906
Lot Details
- 0.27 Acre Lot
Parking
- 2 Car Detached Garage
Home Design
- Brick Foundation
- Frame Construction
Interior Spaces
- 3 Full Bathrooms
- 3-Story Property
- Storage
- 6 Kitchens
- Unfinished Basement
Utilities
- No Cooling
- Hot Water Heating System
Community Details
- 6 Units
- Gross Income $2,950
Listing and Financial Details
- Assessor Parcel Number 07002047000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 5, 2021
Closed on
Aug 6, 2021
Sold by
Norkham Llc
Bought by
Jc Am Group Llc
Seller's Agent
Sullivan Baccam
RE/MAX Concepts
Buyer's Agent
Cui Dong Davis
Realty ONE Group Impact
List Price
$240,000
Sold Price
$187,500
Premium/Discount to List
-$52,500
-21.88%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,500
Avg. Annual Appreciation
9.35%
Original Mortgage
$188,795
Outstanding Balance
$147,262
Interest Rate
2.2%
Mortgage Type
New Conventional
Estimated Equity
$121,738
Purchase Details
Listed on
Aug 6, 2013
Closed on
Nov 18, 2014
Sold by
Caruthers Properties Llc
Bought by
Move Up Lc
Seller's Agent
Rob Wheeler
Century 21 Signature
Buyer's Agent
Rob Wheeler
Century 21 Signature
List Price
$170,000
Sold Price
$150,000
Premium/Discount to List
-$20,000
-11.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.40%
Original Mortgage
$160,000
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 23, 2010
Sold by
Murphy Jay T and Murphy Delynne M
Bought by
Caruthers 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
$100,000
Interest Rate
4.97%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Mar 3, 2003
Sold by
Quest Properties Lc
Bought by
Murphy Jay T and Gates Steven R
Similar Homes in Des Moines, IA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $187,500 | Abendroth Russell Barnett Law | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $300,000 | None Available | |
| Warranty Deed | $124,500 | None Available | |
| Warranty Deed | $124,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $109,517 | New Conventional | |
| Open | $188,795 | New Conventional | |
| Closed | $188,795 | New Conventional | |
| Previous Owner | $160,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $100,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $0 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/13/2021 08/13/21 | Sold | $187,500 | -14.8% | $126 / Sq Ft |
| 07/28/2021 07/28/21 | Pending | -- | -- | -- |
| 05/03/2021 05/03/21 | Price Changed | $220,000 | -8.3% | $148 / Sq Ft |
| 04/05/2021 04/05/21 | For Sale | $240,000 | +26.4% | $162 / Sq Ft |
| 05/30/2018 05/30/18 | Sold | $189,900 | +0.5% | $49 / Sq Ft |
| 05/30/2018 05/30/18 | Pending | -- | -- | -- |
| 04/18/2018 04/18/18 | For Sale | $189,000 | +26.0% | $48 / Sq Ft |
| 12/15/2014 12/15/14 | Sold | $150,000 | -11.8% | $38 / Sq Ft |
| 11/19/2014 11/19/14 | Pending | -- | -- | -- |
| 08/06/2013 08/06/13 | For Sale | $170,000 | -- | $44 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Tax History Compared to Growth
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 | $5,076 | $258,000 | $30,000 | $228,000 |
| 2023 | $4,950 | $258,000 | $30,000 | $228,000 |
| 2022 | $5,784 | $210,000 | $25,100 | $184,900 |
| 2021 | $5,136 | $210,000 | $25,100 | $184,900 |
| 2020 | $5,768 | $172,000 | $22,800 | $149,200 |
| 2019 | $5,064 | $172,000 | $22,800 | $149,200 |
| 2018 | $5,386 | $143,000 | $22,800 | $120,200 |
| 2017 | $5,056 | $143,000 | $22,800 | $120,200 |
| 2016 | $5,270 | $129,000 | $19,000 | $110,000 |
| 2015 | $5,270 | $129,000 | $19,000 | $110,000 |
| 2014 | $5,142 | $115,000 | $19,000 | $96,000 |
Source: Public Records
Agents Affiliated with this Home
-
Sullivan Baccam
Seller's Agent in 2021
Sullivan Baccam
RE/MAX
(515) 779-6560
4 in this area
165 Total Sales
-
Bopha Mom-Baccam
Seller Co-Listing Agent in 2021
Bopha Mom-Baccam
RE/MAX
(877) 407-2676
3 in this area
105 Total Sales
-
Cui Dong Davis
Buyer's Agent in 2021
Cui Dong Davis
Realty ONE Group Impact
(515) 867-0498
5 in this area
132 Total Sales
-
S
Seller's Agent in 2018
Scott Robinson
Century 21 Signature
-
M
Buyer's Agent in 2018
Michael Martin
Des Moines Realty Group
-
Rob Wheeler
R
Seller's Agent in 2014
Rob Wheeler
Century 21 Signature
(515) 710-7721
99 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 422681
APN: 070-02047000000
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