NOT LISTED FOR SALE

Estimated Value: $191,316 - $215,000

-- Bed
3 Baths
2,650 Sq Ft
$77/Sq Ft Est. Value

Last Sold December 29, 2015

Last sale price $120,000 $45 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $1,539/month

109 Days on Market

Highlights

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

About This Home

As of December 2015

Great Highland Park property. 3 Plex. Large 3 bedroom apartment on 2nd floor. Could be owner occupied. Additional rental opportunity with oversized garage suitable for storage or office space for more income potential. Great rental history. Separate utilites. Landlord only pays water.

Last Listed By

George Archer

RE/MAX Concepts Listed on: 09/11/2015

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 9,750 Sq Ft Lot
  • Lot Dimensions are 65 x 150

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • 3 Kitchens

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 07004069000000

Community Details

Overview

  • No Home Owners Association

Building Details

  • Operating Expense $612
  • Gross Income $1,850

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 3
  • Stoves Total: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • First Floor Full Bathrooms: 2
  • Third Floor Full Bathrooms: 1
  • Sq Ft Bsmt: 1218
  • Kitchens: 3

Exterior Features

  • Exterior: Brick
  • Foundation: Concrete Block

Utilities

  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Total Expense: 612

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.2240
  • Lot S F: 9750
  • Lot Size: 65 X 150
  • Assessor Parcel Number: 07004069000000
  • Zoning: C-2

Rental Info

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

Tax Info

  • Gross Taxes: 4824.00
  • Net Taxes: 4824.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2015
Closed on
Dec 25, 2015
Sold by
Robins Nest Apartments Llc
Bought by
Hernandez Lydia and Hernandez Sergio
Seller's Agent
George Archer
RE/MAX Concepts
Buyer's Agent
Greg Leo
Iowa Realty South
List Price
$127,500
Sold Price
$120,000
Premium/Discount to List
-$7,500
-5.88%
Total Days on Market
109
Current Estimated Value
$203,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,158
Avg. Annual Appreciation
6.43%
Original Mortgage
$90,000
Outstanding Balance
$72,901
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$142,656

Purchase Details

Closed on
Aug 24, 2005
Sold by
Des Moines Area Rentals Lc
Bought by
Robins Nest Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,111
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 2005
Sold by
Harrer Major Funeral Home Inc
Bought by
Des Moines Area Rentals Lc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,111
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 31, 2003
Sold by
Leonard Robin and Leonard Craig
Bought by
Robins Nest Apartments Llc

Purchase Details

Closed on
Aug 1, 2003
Sold by
Des Moines Area Rentals Lc
Bought by
Leonard Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,192
Interest Rate
7%
Mortgage Type
Seller Take Back

Range of Values:

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Average Value
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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
Hernandez Lydia -- --
Robins Nest Apartments Llc $101,000 --
Des Moines Area Rentals Lc -- --
Robins Nest Apartments Llc -- --
Leonard Robin $101,325 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Lydia $90,000
Previous Owner Robins Nest Apartments Llc $90,111
Previous Owner Leonard Robin $91,192
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2015 12/29/15 Sold $120,000 -5.9% $45 / Sq Ft
12/29/2015 12/29/15 Pending -- -- --
09/11/2015 09/11/15 For Sale $127,500 -- $48 / 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 $4,888 $236,000 $68,900 $167,100
2023 $4,762 $236,000 $68,900 $167,100
2022 $5,564 $192,000 $57,700 $134,300
2021 $4,874 $192,000 $57,700 $134,300
2020 $5,462 $157,000 $52,400 $104,600
2019 $4,774 $157,000 $52,400 $104,600
2018 $5,076 $130,000 $52,400 $77,600
2017 $4,754 $130,000 $52,400 $77,600
2016 $4,958 $117,000 $43,500 $73,500
2015 $4,958 $117,000 $43,500 $73,500
2014 $4,626 $104,000 $43,500 $60,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 504178

Des Moines Area Association of REALTORS®

APN: 070-04069000000