NOT LISTED FOR SALE

Estimated Value: $135,000 - $210,000

-- Bed
2 Baths
1,833 Sq Ft
$96/Sq Ft Est. Value

Last Sold November 08, 2018

Last sale price $90,000 $49 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $1,231/month

270 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of November 2018

Calling all investors. Great opportunity for a duplex with room to raise rent (haven't been raised in 2 years). Units are in good shape with very stable tenants. This one won't last. Great opportunity to live in half and rent out the other half. Both tenants are month to month. $1,100 Total monthly rent. Landlord only pays water, tenants pay other utility bills. Call your Realtor today to see!

Last Listed By

Neil Timmins

Space Simply Listed on: 02/03/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 6,350 Sq Ft Lot
  • Lot Dimensions are 50x127

Parking

  • 2 Car Detached Garage

Home Design

  • Block Foundation
  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,833 Sq Ft Home
  • 3-Story Property
  • 2 Kitchens
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 07002072000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $85
  • Gross Income $1,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Three Story
  • Lp Amt Sq Ft: 57.28
  • Sp Amt Sq Ft: 49.10
  • Termite: Follow Showing Instructions
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Dishwashers: 2
  • Disposals: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: See Remarks
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • First Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 780
  • Kitchens: 2
  • Included Items: See Remarks
  • Living Area Sq Ft: 1833
  • Total Sq Ft: 1833

Exterior Features

  • Exterior: Metal Siding
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Garage: 2 Detached

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Total Expense: 85

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1460
  • Lot S F: 6350
  • Lot Size: 50X127
  • Assessor Parcel Number: 07002072000000
  • Zoning: RES

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Water Landlord

Tax Info

  • Gross Taxes: 3083.00
  • Net Taxes: 3083.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2018
Closed on
Nov 5, 2018
Sold by
H & R Property L L C
Bought by
Valencia Raul
Seller's Agent
Neil Timmins
Space Simply
Buyer's Agent
George Archer
RE/MAX Concepts
List Price
$105,000
Sold Price
$90,000
Premium/Discount to List
-$15,000
-14.29%
Total Days on Market
270
Current Estimated Value
$175,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,113
Avg. Annual Appreciation
10.71%

Purchase Details

Listed on
Mar 29, 2014
Closed on
Sep 8, 2014
Sold by
Ratekin Jack G and Ratekin Lori
Bought by
H & R Property Group Llc
Seller's Agent
Lisa Davis
RE/MAX Precision
Buyer's Agent
OUTSIDE AGENT
OTHER
List Price
$109,900
Sold Price
$99,000
Premium/Discount to List
-$10,900
-9.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.27%
Original Mortgage
$79,200
Interest Rate
4.11%

Purchase Details

Closed on
Oct 18, 2004
Sold by
Renner Kevin K
Bought by
Ratekin Jack G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,200
Interest Rate
5.85%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Similar Homes in Des Moines, IA

  • 1301 E Sheridan Ave, Des Moines, IA 50316

    $169,990

    • 2 Beds
    • 2 Baths
    • 1,100 Sq Ft
    • 1301 E Sheridan Ave
    • Des Moines, IA

    Great Investment Opportunity! This income-producing property is occupied on both sides and sits just 0.5 miles from Grand View University which is a prime location for tenants! Each unit features 1 bedroom, 1 bathroom, and a dedicated garage spot. Major updates include a new sewer line from the house to the curb (2023), and replaced furnaces and hot water heaters for both units (2022). A

    Allison Hendershot RE/MAX Concepts

    Section Image
  • 1503 Forest Ave, Des Moines, IA 50314

    $145,000

    • Studio
    • 2 Baths
    • 1,676 Sq Ft
    • 1503 Forest Ave
    • Des Moines, IA

    This duplex at 1503 Forest Ave, Des Moines offers two rental units: a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit; perfect for investors looking for steady rental income. It comes with a current rental certificate and has been upgraded through the City of Des Moines Weatherization Program, improving energy efficiency. Additional highlights include a brand-NEW furnaces one for each unit

    Ingrid Williams RE/MAX Concepts

    Section Image
  • 1161 21st St, Des Moines, IA 50311

    $184,900

    • Studio
    • 2 Baths
    • 2,214 Sq Ft
    • 1161 21st St
    • Des Moines, IA

    2+ story top-bottom duplex with both units currently occupied. $1550 monthly gross rent. Unit 1: 2 BR, 1 BA rents at $750/mo. New kitchen cabinet, countertop, sink, faucet, & some fresh paint in Feb. 2025. Unit 2 is a 2 BR, 1 BA with additional finished attic currently being used as a BR that rents at $800/mo. New toilet in BA, new flooring in BA & kitchen, some new light fixtures, and some fresh

    Ingrid L. Roose BHHS First Realty Westown

    Section Image
  • 1505 E Court Ave, Des Moines, IA 50316

    $186,500

    • Studio
    • 1 Bath
    • 1,683 Sq Ft
    • 1505 E Court Ave
    • Des Moines, IA

    Located near State Capital and convenient to downtown Des Moines. Each side hosts 2 bedrooms, 1 bath and an enclosed front porch. All appliances stay. Each unit is metered separately. Presently tenants pay electric, gas, water, and garbage. Ample off street parkin in back.

    Eldon Hutcheson Nerem & Assoc.

    Section Image
  • 1067 37th St, Des Moines, IA 50311

    $190,000

    • Studio
    • 3 Baths
    • 2,339 Sq Ft
    • 1067 37th St
    • Des Moines, IA

    Check out this historic property right in the heart of Des Moines. The seller was raised in this duplex, then raised their children here, and now it is time for a new family. This up down duplex features two separate units as well as a third-floor finished dormer that could be incorporated into the second-floor apartment, with access from the second floor and a third-floor exterior door. The main

    Dan Vierling Iowa Realty Mills Crossing

    Section Image
  • 2300 Dean Ave, Des Moines, IA 50317

    $200,000

    • Studio
    • 2 Baths
    • 864 Sq Ft
    • 2300 Dean Ave
    • Des Moines, IA

    Freshly renovated from top to bottom, this charming duplex is a fantastic investment or owner-occupant opportunity! Each unit features 1 bedroom, 1 full bath, a beautifully remodeled kitchen, and a cozy living room. The entire property has been updated with new LVP flooring, fresh paint, and modern finishes throughout. The kitchens boast brand-new appliances, including dishwashers, while the

    Timothy Scheib RE/MAX Precision

    Section Image
  • 620 38th St, Des Moines, IA 50312

    $189,900

    • Studio
    • 2 Baths
    • 1,410 Sq Ft
    • 620 38th St
    • Des Moines, IA

    Two-story duplex income producing property. Tenants pay on time at $889 and $725 monthly. This offers the opportunity for a turn-key investment with an active rental certificate which was renewed January 2025. Several updates over past couple of years including a new roof and several windows changed out to vinyl.

    Matt Cole RE/MAX Concepts

    Section Image
  • 5711 Franklin Ave, Des Moines, IA 50310

    $217,500

    • 2 Beds
    • 2 Baths
    • 1,254 Sq Ft
    • 5711 Franklin Ave
    • Des Moines, IA

    Charming Beaverdale Duplex with Endless Potential! Nestled in a prime location, this wonderful duplex offers two units, each with approximately 627 sq. ft. of living space, featuring 1 bed / 1 bath, and a full basement. Both units have hardwood floors in the living room, adding warmth and character. The spacious yard is perfect for outdoor enjoyment. Conveniently located near two bus stops and

    Jenna Lago Realty ONE Group Impact

    Section Image

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
Valencia Raul $90,000 None Available
H & R Property Group Llc $99,000 None Available
Ratekin Jack G $95,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner H & R Property Group Llc $79,200
Previous Owner Ratekin Jack G $79,200
Closed Ratekin Jack G $19,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2018 11/08/18 Sold $90,000 -14.3% $49 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
02/03/2018 02/03/18 For Sale $105,000 +6.1% $57 / Sq Ft
09/12/2014 09/12/14 Sold $99,000 -9.9% $54 / Sq Ft
08/26/2014 08/26/14 Pending -- -- --
03/29/2014 03/29/14 For Sale $109,900 -- $60 / 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 $3,010 $153,000 $25,100 $127,900
2023 $2,852 $153,000 $25,100 $127,900
2022 $2,830 $121,000 $21,200 $99,800
2021 $2,676 $121,000 $21,200 $99,800
2020 $2,780 $107,200 $19,000 $88,200
2019 $3,136 $107,200 $19,000 $88,200
2018 $3,104 $116,700 $17,300 $99,400
2017 $2,846 $116,700 $17,300 $99,400
2016 $2,772 $105,200 $15,500 $89,700
2015 $2,772 $105,200 $15,500 $89,700
2014 $2,370 $97,900 $14,300 $83,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 554517

Des Moines Area Association of REALTORS®

APN: 070-02072000000