NOT LISTED FOR SALE

3721 Cottage Grove Ave Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $263,836 - $316,000

-- Bed
4 Baths
3,599 Sq Ft
$81/Sq Ft Est. Value

Last Sold January 19, 2023

Last sale price $235,000 $65 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,176/month

98 Days on Market

Highlights

  • 3 Kitchens
  • Wood Flooring
  • Laundry Room
  • 0.35 Acre Lot
  • No HOA
  • Hot Water Heating System

About This Home

As of January 2023

Great investment opportunity close to Drake University. Fully occupied. This property has 8 bedrooms plus 4 garage spots that generates $3,925 per month (& a new owner could increase rents). The main level offers a 1 bedroom apartment plus an efficiency apartment. The 2nd level has 5 dorm style rooms and the 3rd level is a 1 bedroom apartment. Roof and hot water have been replaced in the last 5 years.

Last Listed By

Ethan Hokel

Century 21 Signature Listed on: 09/29/2022

Century 21 Signature

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.35 Acre Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Brick Foundation
  • Stone Foundation
  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 4 Full Bathrooms
  • 3,599 Sq Ft Home
  • 3-Story Property
  • 3 Kitchens
  • Laundry Room
  • Unfinished Basement

Flooring

  • Wood
  • Carpet
  • Laminate

Utilities

  • No Cooling
  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 09003374000000

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Three Story
  • Lp Amt Sq Ft: 65.30
  • Sp Amt Sq Ft: 65.30
  • Termite: Call Listing Agent
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Dishwashers: 3
  • Disposals: 3
  • Refrigerators: 3
  • Stoves Total: 3
  • Interior Amenities: Carpeting, Hardwood Floors, Laminate Floors
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • First Floor Full Bathrooms: 2
  • Full Bathrooms: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 700
  • Kitchens: 3
  • Laundry: Yes
  • Storage: No
  • Living Area Sq Ft: 3599
  • Total Sq Ft: 3599

Exterior Features

  • Exterior: Metal Siding
  • Foundation: Brick, Stone
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Street Feature: Asphalt

Garage/Parking

  • Garage: 4 Attached

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: None
  • Heat: Hot Water

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.3500
  • Lot S F: 15225
  • Lot Shape: Regular
  • Assessor Parcel Number: 09003374000000
  • Zoning: R-2

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Insurance Tenant, Janitor Tenant, Taxes Owner, Water Landlord

Tax Info

  • Gross Taxes: 7658.00
  • Net Taxes: 7658.00
  • Tax Year: 2020

Multi Family

  • Total Units: 8

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2022
Closed on
Jan 18, 2023
Sold by
Jdp Drake Llc
Bought by
Marlena Holdings Llc
Seller's Agent
Ethan Hokel
Century 21 Signature
Buyer's Agent
Darson Grantham
Keller Williams Realty GDM
List Price
$264,000
Sold Price
$235,000
Premium/Discount to List
-$29,000
-10.98%
Total Days on Market
98
Views
61
Current Estimated Value
$289,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,918
Avg. Annual Appreciation
9.43%
Original Mortgage
$188,000
Outstanding Balance
$183,119
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$106,799

Purchase Details

Closed on
Nov 7, 2017
Sold by
Philgreen Jonathan D and Philgreen Amanda R
Bought by
Jdp Drake Llc

Purchase Details

Closed on
Nov 30, 2006
Sold by
Hirst Patti
Bought by
Little Acorn Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,587
Interest Rate
6.47%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 2003
Sold by
Waters Victor R and Waters Jean S
Bought by
Schweitzer Gerald R and Schweitzer Tina M

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
Marlena Holdings Llc $303,625 --
Jdp Drake Llc -- None Available
Little Acorn Properties Llc $176,500 None Available
Schweitzer Gerald R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marlena Holdings Llc $188,000
Previous Owner Little Acorn Properties Llc $174,587
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2023 01/19/23 Sold $235,000 0.0% $65 / Sq Ft
01/05/2023 01/05/23 Pending -- -- --
12/08/2022 12/08/22 Price Changed $235,000 -4.9% $65 / Sq Ft
10/24/2022 10/24/22 Price Changed $247,000 -6.4% $69 / Sq Ft
09/29/2022 09/29/22 For Sale $264,000 +25.7% $73 / Sq Ft
03/29/2017 03/29/17 Sold $210,000 -4.5% $58 / Sq Ft
02/27/2017 02/27/17 Pending -- -- --
10/03/2016 10/03/16 For Sale $220,000 -- $61 / 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 $6,728 $342,000 $40,300 $301,700
2023 $6,552 $342,000 $40,300 $301,700
2022 $7,658 $278,000 $33,700 $244,300
2021 $6,808 $278,000 $33,700 $244,300
2020 $7,646 $228,000 $30,600 $197,400
2019 $6,694 $228,000 $30,600 $197,400
2018 $7,118 $189,000 $30,600 $158,400
2017 $6,702 $189,000 $30,600 $158,400
2016 $6,986 $171,000 $25,500 $145,500
2015 $6,986 $171,000 $25,500 $145,500
2014 $6,796 $152,000 $25,500 $126,500
Source: Public Records

Agents Affiliated with this Home

  • Ethan Hokel

    Seller's Agent in 2023

    Ethan Hokel

    Century 21 Signature

    (515) 981-2113

    2 in this area

    572 Total Sales

    Ethan Hokel
    Section Image
  • Darson Grantham

    Buyer's Agent in 2023

    Darson Grantham

    Keller Williams Realty GDM

    (641) 745-0156

    21 in this area

    196 Total Sales

    Darson Grantham
    Section Image

  • A

    Seller's Agent in 2017

    Andy Lenaghan

    Keller Williams Realty GDM

    (515) 707-6868

    61 Total Sales

    Andy Lenaghan
    Section Image
  • Jonathan Jensen

    Buyer's Agent in 2017

    Jonathan Jensen

    RE/MAX REC

    (515) 233-7223

    11 Total Sales

    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 661042

Des Moines Area Association of REALTORS®

APN: 090-03374000000

Iowa Polk County Des Moines 50311 Drake

3721 Cottage Grove Ave, Des Moines, IA

Homes for Sale in Des Moines, IA

This home is located at 3721 Cottage Grove Ave, Des Moines, IA 50311 since 29 September 2022 and is currently estimated at $289,918, approximately $80 per square foot. This property was built in 1900. 3721 Cottage Grove Ave is a home located in Polk County with nearby schools including Hubbell Elementary, Callanan Middle School, and Roosevelt High School.

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Des Moines Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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