3508 Wright St Des Moines, IA 50316
Highland Park Neighborhood
--
Bed
2
Baths
2,179
Sq Ft
7,000
Sq Ft Lot
Highlights
- 2 Kitchens
- Laundry Room
- Forced Air Heating and Cooling System
- No HOA
About This Home
As of July 2022Priced reduced! Great cash flow opportunity on a solid duplex with 3 car garage. Rental certificates are good through 2023. Fenced yard for tenants with pets. Roof on house and garage approx 1 yo. Property has been well maintained. Monthly gross rents are 1614.00
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,838
Year Built
- Built in 1925
Lot Details
- 7,000 Sq Ft Lot
- Lot Dimensions are 50x140
Parking
- 3 Car Detached Garage
Home Design
- Brick Foundation
- Stucco
Interior Spaces
- 2,179 Sq Ft Home
- 1.5-Story Property
- 2 Kitchens
- Laundry Room
- Unfinished Basement
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 11001119000000
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Gross Income $1,614
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 6, 2022
Closed on
Jul 14, 2022
Sold by
David Conn
Bought by
Campero Valerie Marie
Seller's Agent
George Archer
RE/MAX Concepts
Buyer's Agent
Angela Lancaster
RE/MAX Concepts
List Price
$185,000
Sold Price
$188,000
Premium/Discount to List
$3,000
1.62%
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
$15,996
Avg. Annual Appreciation
2.37%
Original Mortgage
$184,594
Outstanding Balance
$177,069
Interest Rate
5.23%
Mortgage Type
FHA
Estimated Equity
$24,778
Purchase Details
Listed on
Oct 22, 2021
Closed on
Jan 25, 2022
Sold by
Adair and Melinda
Bought by
Conn David
Seller's Agent
George Archer
RE/MAX Concepts
Buyer's Agent
George Archer
RE/MAX Concepts
List Price
$175,000
Sold Price
$162,500
Premium/Discount to List
-$12,500
-7.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.48%
Original Mortgage
$121,875
Interest Rate
3.22%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
May 14, 2015
Closed on
Jun 12, 2015
Sold by
Archer Daryl D and Archer Rebecca S
Bought by
Adair Jerry and Adair Melinda
Seller's Agent
George Archer
RE/MAX Concepts
Buyer's Agent
George Archer
RE/MAX Concepts
List Price
$99,900
Sold Price
$97,100
Premium/Discount to List
-$2,800
-2.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.08%
Original Mortgage
$77,600
Interest Rate
0.78%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Listed on
May 3, 2013
Closed on
Aug 14, 2013
Sold by
Ellis Sharon A
Bought by
Archer Daryl D and Archer Rebecca S
Seller's Agent
Mike clark
RE/MAX Concepts
Buyer's Agent
George Archer
RE/MAX Concepts
List Price
$89,900
Sold Price
$72,000
Premium/Discount to List
-$17,900
-19.91%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.19%
Original Mortgage
$54,000
Interest Rate
4.29%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 23, 2000
Sold by
Archer George H and Archer Bertha E
Bought by
Ellis Donald L and Ellis Sharon A
Similar Homes in Des Moines, IA
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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 | $188,000 | None Listed On Document | |
| Warranty Deed | $162,500 | Abendroth Russell Barnett Law | |
| Warranty Deed | $97,500 | None Available | |
| Warranty Deed | $72,000 | None Available | |
| Special Warranty Deed | $58,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $184,594 | FHA | |
| Previous Owner | $121,875 | Credit Line Revolving | |
| Previous Owner | $77,600 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $54,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2022 07/22/22 | Sold | $188,000 | +1.6% | $86 / Sq Ft |
| 06/13/2022 06/13/22 | Pending | -- | -- | -- |
| 06/06/2022 06/06/22 | For Sale | $185,000 | +13.8% | $85 / Sq Ft |
| 01/27/2022 01/27/22 | Sold | $162,500 | -5.8% | $75 / Sq Ft |
| 01/27/2022 01/27/22 | Pending | -- | -- | -- |
| 11/29/2021 11/29/21 | Price Changed | $172,500 | -1.4% | $79 / Sq Ft |
| 10/22/2021 10/22/21 | For Sale | $175,000 | +80.2% | $80 / Sq Ft |
| 06/15/2015 06/15/15 | Pending | -- | -- | -- |
| 06/12/2015 06/12/15 | Sold | $97,100 | -2.8% | $58 / Sq Ft |
| 05/14/2015 05/14/15 | For Sale | $99,900 | +38.8% | $59 / Sq Ft |
| 08/28/2013 08/28/13 | Sold | $72,000 | -19.9% | $43 / Sq Ft |
| 08/15/2013 08/15/13 | Pending | -- | -- | -- |
| 05/03/2013 05/03/13 | For Sale | $89,900 | -- | $53 / 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 | $3,406 | $173,100 | $28,600 | $144,500 |
| 2023 | $3,086 | $173,100 | $28,600 | $144,500 |
| 2022 | $3,062 | $130,900 | $23,000 | $107,900 |
| 2021 | $3,062 | $130,900 | $23,000 | $107,900 |
| 2020 | $2,948 | $113,700 | $20,200 | $93,500 |
| 2019 | $2,760 | $113,700 | $20,200 | $93,500 |
| 2018 | $2,732 | $102,700 | $17,900 | $84,800 |
| 2017 | $2,504 | $102,700 | $17,900 | $84,800 |
| 2016 | $2,440 | $92,600 | $16,100 | $76,500 |
| 2015 | $2,440 | $92,600 | $16,100 | $76,500 |
| 2014 | $2,442 | $91,900 | $15,800 | $76,100 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2022
George Archer
RE/MAX
(515) 208-5068
14 in this area
112 Total Sales
-
Seller Co-Listing Agent in 2022
Seth Walker
RE/MAX
(515) 577-3728
18 in this area
523 Total Sales
-
Buyer's Agent in 2022
Angela Lancaster
RE/MAX
(515) 723-0456
2 in this area
56 Total Sales
-
Seller's Agent in 2013
Mike clark
RE/MAX
(515) 577-4850
50 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 640352
APN: 110-01119000000
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