NOT LISTED FOR SALE

Estimated Value: $259,000 - $276,000

5 Beds
4 Baths
2,052 Sq Ft
$129/Sq Ft Est. Value

Last Sold April 11, 2014

Last sale price $130,000 $63 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $1,784/month

85 Days on Market

Highlights

  • 2 Kitchens
  • Central Air
  • 1-minute walk to Evergreen Park
  • Laundry Room

About This Home

As of April 2014

Wonderful investment opportunity with excellent cash flow. One 3 bedroom unit with basement and 1.5 baths and one 2 bedroom unit with basement and 1.5 baths. Both units are very well maintained and updated. 3 bedroom unit is leased through Jan 2015 and 2 bedroom lease is up this March for owner occupied opportunity. Hard to beat the return on investment at this price.

Last Agent to Sell the Property

Tyler Wilkening

Century 21 Signature Listed on: 01/16/2014

Century 21 Signature

Co-Listed By

Matt Schafer

Century 21 Signature

Last Buyer's Agent

Robert Mordini

LPT Realty, LLC

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 7,250 Sq Ft Lot

Home Design

  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Finished Basement
  • Partial Basement
  • 2 Kitchens
  • Laundry Room

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Gross Income $1,625

Listing and Financial Details

  • Assessor Parcel Number 01001940009000

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 19.00
  • Sp Amt Sq Ft: 18.00
  • Termite: Call Listing Agent
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Dishwashers: 2
  • Disposals: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Full Bathrooms: 1
  • Full Bathrooms: 1
  • Basement Description: Finished, Partial
  • Kitchens: 2
  • Laundry: Yes
  • Half Bathrooms: 1
  • Half Bathrooms: 1

Exterior Features

  • Exterior: Frame
  • Foundation: Poured
  • Sidewalk: 1

Garage/Parking

  • Off Street Parking: 4-6

Utilities

  • Air Conditioner: Central
  • Heat: Heat Pump
  • Separate Meters: 1

Condo/Co-op/Association

  • Manager: Yes

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1660
  • Lot S F: 7250
  • Assessor Parcel Number: 01001940009000
  • Zoning: R-6

Rental Info

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

Tax Info

  • Gross Taxes: 3468.00
  • Net Taxes: 3306.00
  • Assessor Parcel Number: 3439SE20THSTPOLKDESMOINE50320
  • Tax Year: 2014

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2014
Closed on
Apr 7, 2014
Sold by
Odermann Melissa M and Odermann Nicholas T
Bought by
Borst Darren
Seller's Agent
Tyler Wilkening
Century 21 Signature
Buyer's Agent
Robert Mordini
LPT Realty, LLC
List Price
$139,900
Sold Price
$130,000
Premium/Discount to List
-$9,900
-7.08%
Current Estimated Value
$264,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,908
Avg. Annual Appreciation
6.04%
Original Mortgage
$200,000
Outstanding Balance
$154,626
Interest Rate
4.41%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$100,053

Purchase Details

Closed on
Jun 1, 2007
Sold by
Prudential Relocation Inc
Bought by
Odermann Melissa M and Odermann Nicholas T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2007
Sold by
Stevenson Kevin P and Stevenson Chantel S
Bought by
Prudential Relocation Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2002
Sold by
Caples Mark A and Caples Stephanie J
Bought by
Stevenson Kevin P and Stevenson Chantel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
6.87%

Purchase Details

Closed on
Oct 3, 2000
Sold by
Caples Mark A and Caples Stephanie J
Bought by
Stevenson Kevin P and Stevenson Chantel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 22, 1998
Sold by
Cooper James H and Cooper Allene A
Bought by
Caples Mark A and Caples Stephanie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.18%
Source: Public Records

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
Borst Darren $130,000 None Available
Odermann Melissa M $134,500 None Available
Prudential Relocation Inc $134,500 None Available
Stevenson Kevin P $123,500 --
Stevenson Kevin P $124,000 --
Caples Mark A $109,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Borst Darren $200,000
Previous Owner Odermann Melissa M $121,500
Previous Owner Stevenson Kevin P $122,500
Previous Owner Stevenson Kevin P $121,000
Previous Owner Caples Mark A $88,000
Closed Caples Mark A $22,192
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2014 04/11/14 Sold $130,000 -7.1% $63 / Sq Ft
04/11/2014 04/11/14 Pending -- -- --
01/16/2014 01/16/14 For Sale $139,900 -- $68 / 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 $4,548 $231,200 $37,300 $193,900
2023 $4,362 $231,200 $37,300 $193,900
2022 $4,330 $185,100 $31,700 $153,400
2021 $4,152 $185,100 $31,700 $153,400
2020 $4,314 $166,400 $28,300 $138,100
2019 $3,790 $166,400 $28,300 $138,100
2018 $3,750 $141,000 $23,200 $117,800
2017 $3,492 $141,000 $23,200 $117,800
2016 $3,402 $129,100 $20,900 $108,200
2015 $3,402 $129,100 $20,900 $108,200
2014 $3,456 $130,100 $21,000 $109,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 429494

Des Moines Area Association of REALTORS®

APN: 010-01940009000