3823 University Ave Des Moines, IA 50311
Drake Neighborhood
--
Bed
2
Baths
1,862
Sq Ft
7,500
Sq Ft Lot
Highlights
- 2 Kitchens
- No HOA
- Forced Air Heating System
- Wood Flooring
- Laundry Room
About This Home
As of May 2025This unique property offers flexibility for a single-family home or a duplex—the choice is yours! Each level boasts 2 bedrooms, 2 bathrooms, and gorgeous hardwood floors, making it perfect for families, investors, or those seeking a spacious layout. Thinking about keeping it as a duplex? You'll need to add an HVAC system upstairs to meet new requirements, but here's the great news: Grant money is available through the Invest DSM program to help fund this update. Prefer to make it a single-family home? The grant funds can also be used to modernize and customize the space to suit your needs. With a little updating, this home can truly shine. Sold as-is, this property is a blank slate waiting for your vision. Whether you’re looking to invest, create your dream home, or both, this is an opportunity you won’t want to miss. Schedule your showing today and explore the possibilities!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,507
Year Built
- Built in 1920
Lot Details
- 7,500 Sq Ft Lot
- Lot Dimensions are 50x150
Home Design
- Duplex
- Block Foundation
- Asphalt Shingled Roof
Interior Spaces
- 2 Full Bathrooms
- 1,862 Sq Ft Home
- 1.5-Story Property
- Wood Flooring
- Walk-Out Basement
- 2 Kitchens
- Laundry Room
Parking
- 1 Car Attached Garage
- Driveway
Utilities
- Forced Air Heating System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 10002446000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2025
Closed on
Apr 28, 2025
Sold by
Capital City Developers Llc
Bought by
Karakuts Vitaliy and Huang Sufan
Seller's Agent
Cy Phillips
Space Simply
Buyer's Agent
OUTSIDE AGENT
OTHER
List Price
$174,900
Sold Price
$155,000
Premium/Discount to List
-$19,900
-11.38%
Views
118
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
73.97%
Purchase Details
Closed on
Jan 9, 2025
Sold by
Guyer David Doyle and Rose Shannon Marie
Bought by
Capital City Developers Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,729
Interest Rate
6.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 6, 2025
Sold by
Engel Phillip M and Engel Katherine E
Bought by
Rose Shannon Marie and Guyer David D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,729
Interest Rate
6.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 14, 2003
Sold by
Engel Phillip M and Engel Katherine E
Bought by
Guyer David D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5%
Mortgage Type
Seller Take Back
Similar Homes in Des Moines, IA
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $155,000 | None Listed On Document | |
| Warranty Deed | $155,000 | None Listed On Document | |
| Fiduciary Deed | $127,500 | None Listed On Document | |
| Warranty Deed | $85,000 | None Listed On Document | |
| Contract Of Sale | $85,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $125,729 | New Conventional | |
| Previous Owner | $85,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2025 05/01/25 | Sold | $155,000 | -6.0% | $83 / Sq Ft |
| 04/24/2025 04/24/25 | Pending | -- | -- | -- |
| 03/26/2025 03/26/25 | Price Changed | $164,900 | -5.7% | $89 / Sq Ft |
| 03/05/2025 03/05/25 | For Sale | $174,900 | -- | $94 / 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 | $3,352 | $187,900 | $42,000 | $145,900 |
| 2023 | $3,534 | $187,900 | $42,000 | $145,900 |
| 2022 | $3,504 | $158,800 | $37,100 | $121,700 |
| 2021 | $3,374 | $158,800 | $37,100 | $121,700 |
| 2020 | $3,500 | $143,800 | $33,900 | $109,900 |
| 2019 | $3,788 | $143,800 | $33,900 | $109,900 |
| 2018 | $3,746 | $149,500 | $32,600 | $116,900 |
| 2017 | $3,318 | $149,500 | $32,600 | $116,900 |
| 2016 | $3,228 | $131,200 | $26,500 | $104,700 |
| 2015 | $3,228 | $131,200 | $26,500 | $104,700 |
| 2014 | $2,688 | $113,900 | $22,900 | $91,000 |
Source: Public Records
Agents Affiliated with this Home
-
Cy Phillips
Seller's Agent in 2025
Cy Phillips
Space Simply
(515) 423-0899
6 in this area
603 Total Sales
-
OUTSIDE AGENT
O
Buyer's Agent in 2025
OUTSIDE AGENT
OTHER
35 in this area
5,769 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 712922
APN: 100-02446000000
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