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Seller's Agent in 2024
Brad Cowger
ITown Real Estate, LLC
(515) 321-6051
11 Total Sales
3416 1st St Des Moines, IA 50313
Highland Park NeighborhoodEstimated Value: $173,262 - $176,000
Studio
2
Baths
1,764
Sq Ft
$99/Sq Ft
Est. Value
Highlights
- 2 Kitchens
- No HOA
- Laundry Room
About This Home
As of November 2024Income-Generating Duplex in Des Moines! This well-maintained duplex at 3416 1st St, Des Moines, IA, offers an excellent investment opportunity. Each unit features two spacious bedrooms, updated kitchens, modern bathrooms, and generous living areas, ensuring comfort for the tenants. The property is conveniently located in a quiet and friendly neighborhood, close to schools, shopping centers, and public transportation. The duplex comes with reliable tenants already in place, providing a steady rental income. The landlord’s only expense is water making it a low-maintenance investment. Additionally, the property offers ample parking space and the potential for rent increases, enhancing its long-term value. This duplex is perfect for investors looking for a hassle-free rental property with consistent cash flow. Don't miss out on this fantastic opportunity to own a profitable piece of real estate in Des Moines!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,354
Lot Details
- 6,550 Sq Ft Lot
Home Design
- Metal Siding
Interior Spaces
- 2 Full Bathrooms
- 1,764 Sq Ft Home
- 2-Story Property
- 2 Kitchens
- Laundry Room
Listing and Financial Details
- Assessor Parcel Number 070/02108-000-000
Community Details
Overview
- No Home Owners Association
Building Details
- Operating Expense $150
- Gross Income $1,700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2024
Closed on
Nov 19, 2024
Sold by
Cowger Properties 10 Llc
Bought by
Orozco Jose
Seller's Agent
Brad Cowger
ITown Real Estate, LLC
Buyer's Agent
Gilbert Gonzales
RE/MAX Precision
List Price
$185
Sold Price
$175,000
Premium/Discount to List
$174,815
94494.59%
Views
47
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
-$369
Avg. Annual Appreciation
-0.16%
Original Mortgage
$171,830
Outstanding Balance
$170,183
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$4,448
Purchase Details
Listed on
Dec 5, 2016
Closed on
Feb 1, 2017
Sold by
Dahl Keith L and Dahl Lora A
Bought by
Cowger Properties 10 Llc
Seller's Agent
Brenda Garrison
Realty ONE Group Impact
Buyer's Agent
Micole Van Walbeek
RE/MAX Concepts
List Price
$74,900
Sold Price
$70,000
Premium/Discount to List
-$4,900
-6.54%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.47%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Orozco Jose | $175,000 | None Listed On Document | |
| Orozco Jose | $175,000 | None Listed On Document | |
| Orozco Jose | $175,000 | None Listed On Document | |
| Cowger Properties 10 Llc | $70,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Orozco Jose | $171,830 | |
| Closed | Orozco Jose | $171,830 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/19/2024 11/19/24 | Sold | $175,000 | 0.0% | $99 / Sq Ft | |
| 10/09/2024 10/09/24 | Pending | -- | -- | -- | |
| 10/01/2024 10/01/24 | Price Changed | $175,000 | -5.4% | $99 / Sq Ft | |
| 08/02/2024 08/02/24 | Price Changed | $185,000 | +99900.0% | $105 / Sq Ft | |
| 08/02/2024 08/02/24 | For Sale | $185 | -99.7% | $0 / Sq Ft | |
| 02/03/2017 02/03/17 | Sold | $70,000 | -6.5% | $24 / Sq Ft | View Prior Sale |
| 02/03/2017 02/03/17 | Pending | -- | -- | -- | |
| 12/05/2016 12/05/16 | For Sale | $74,900 | -- | $26 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
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 |
|---|---|---|---|---|
| 2025 | $3,302 | $193,300 | $29,200 | $164,100 |
| 2024 | $3,302 | $167,800 | $25,300 | $142,500 |
| 2023 | $3,228 | $167,800 | $25,300 | $142,500 |
| 2022 | $3,204 | $137,000 | $21,400 | $115,600 |
| 2021 | $3,024 | $137,000 | $21,400 | $115,600 |
| 2020 | $3,142 | $121,200 | $19,100 | $102,100 |
| 2019 | $2,992 | $121,200 | $19,100 | $102,100 |
| 2018 | $2,960 | $111,300 | $17,400 | $93,900 |
| 2017 | $2,738 | $111,300 | $17,400 | $93,900 |
| 2016 | $2,666 | $101,200 | $15,600 | $85,600 |
| 2015 | $2,666 | $101,200 | $15,600 | $85,600 |
| 2014 | $2,446 | $95,500 | $14,700 | $80,800 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Cowger
-
Gilbert Gonzales
Buyer's Agent in 2024
Gilbert Gonzales
RE/MAX Precision
(641) 691-2642
3 in this area
269 Total Sales
-
Brenda Garrison
Seller's Agent in 2017
Brenda Garrison
Realty ONE Group Impact
(515) 240-3238
57 Total Sales
-
Micole Van Walbeek
Buyer's Agent in 2017
Micole Van Walbeek
RE/MAX
(515) 333-8292
1 in this area
218 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 700365
APN: 070-02108000000
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