NOT LISTED FOR SALE

3936 University Ave Unit 5 Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $83,531 - $109,000

2 Beds
1 Bath
864 Sq Ft
$112/Sq Ft Est. Value

Last Sold March 22, 2016

Last sale price $60,000 $69 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $903/month

235 Days on Market

Highlights

  • Ranch Style House
  • Hot Water Heating System
  • Community Storage Space
  • Wood Flooring
  • Dining Area

About This Home

As of March 2016

Exceptional condo for the $! Beautiful hardwood flrs. throughout, tile, great view of the expansive front lawn, lots of windows, great storage, and so much more! Association dues of $275 per month cover heat, water, trash, & outside exterior maintenance as well as all common areas. Great pride of ownership shown here! Super location less than 1 blk. from Hy-Vee shopping center, within walking distance of the Roosevelt shopping center, not to mention 5 minute drive to Ingersoll area or downtown metro.

Last Agent to Sell the Property

Sherry Sadler

RE/MAX Concepts Listed on: 07/31/2015

RE/MAX Concepts

Last Buyer's Agent

Alexis Johnson

Iowa Realty Beaverdale

Iowa Realty Beaverdale

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1926

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 864 Sq Ft Home
  • Dining Area
  • Stove
  • Unfinished Basement

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 09000812005000

Community Details

Overview

  • Bill Cotton Association, Phone Number (515) 314-4633

Amenities

  • Community Storage Space

Townhouse Details

Home Type

Townhome

Year Built

Built in 1926

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Condo-Townhome
  • Style: Ranch
  • Lp Amt Sq Ft: 75.23
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 69.44
  • Unit: 5
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Hardwood Floors, Tile Floors
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Dining Room: Dining Areas
  • Included Items: Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 864
  • Total Sq Ft: 864

Exterior Features

  • Exterior: Brick
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Concrete, Public Sidewalk
  • Trim: Paint

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Hot Water

Association/Amenities

  • Amenities: Extra Storage
  • HOA Name: Buena Visa Apartment Coop.
  • Management Firm: Bill Cotton
  • Management Firm Phone: 515-314-4633

Condo/Co-op/Association

  • Association Fee: 275.0000
  • Association Fee Term: Month
  • Association Fee: Yes

Green Features

  • Additional Green Features: No
  • ENERGYSTAR qualified New Home: No
  • HERS Rating: No
  • Leed For Homes: No
  • Solar: No

Lot Info

  • Assessor Parcel Number: 09000812005000
  • Zoning: Resid

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 1726.00
  • Net Taxes: 1498.00
  • Tax Year: 2015

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2015
Closed on
Mar 15, 2016
Sold by
Desta Tesfaye and Getchew Ayinalm
Bought by
Darling Evan
Seller's Agent
Sherry Sadler
RE/MAX Concepts
Buyer's Agent
Alexis Johnson
Iowa Realty Beaverdale
List Price
$80,000
Sold Price
$60,000
Premium/Discount to List
-$20,000
-25%
Current Estimated Value
$96,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,383
Avg. Annual Appreciation
5.01%

Purchase Details

Closed on
Aug 30, 2011
Sold by
Desta Tesfaye
Bought by
Desta Tesfaye and Getchew Ayinalm

Purchase Details

Closed on
Apr 20, 2000
Sold by
Magruder James A and Magruder Laurel B
Bought by
Desta Tesfaye and Brhane Alem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,375
Interest Rate
8.22%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Darling Evan $60,000 None Available
Desta Tesfaye -- None Available
Desta Tesfaye $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Desta Tesfaye $40,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2016 03/22/16 Sold $60,000 -25.0% $69 / Sq Ft
03/22/2016 03/22/16 Pending -- -- --
07/31/2015 07/31/15 For Sale $80,000 -- $93 / 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
2025 $1,428 $75,900 $15,600 $60,300
2024 $1,428 $72,600 $14,900 $57,700
2023 $1,536 $72,600 $14,900 $57,700
2022 $1,524 $65,200 $13,400 $51,800
2021 $1,628 $65,200 $13,400 $51,800
2020 $1,690 $65,200 $13,400 $51,800
2019 $1,594 $65,200 $13,400 $51,800
2018 $1,578 $59,300 $12,200 $47,100
2017 $1,822 $59,300 $12,200 $47,100
2016 $1,546 $67,400 $13,900 $53,500
2015 $1,546 $67,400 $13,900 $53,500
2014 $1,560 $67,400 $13,900 $53,500
Source: Public Records

Agents Affiliated with this Home

  • Sherry Sadler

    Seller's Agent in 2016

    Sherry Sadler

    RE/MAX

    1 in this area

    27 Total Sales

    Sherry Sadler
    Section Image
  • Alexis Johnson

    Buyer's Agent in 2016

    Alexis Johnson

    Iowa Realty Beaverdale

    (515) 277-6211

    11 in this area

    107 Total Sales

    Alexis Johnson
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 500945

Des Moines Area Association of REALTORS®

APN: 090-00812005000

Iowa Polk County Des Moines 50311 Drake

3936 University Ave Unit 5, Des Moines, IA

Not Listed for Sale

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