Seller's Agent in 2025
Cy Phillips
Space Simply
(515) 423-0899
7 in this area
582 Total Sales
3940 University Ave Unit 1 Des Moines, IA 50311
Drake Neighborhood
2
Beds
1
Bath
882
Sq Ft
$275/mo
HOA Fee
Highlights
- Ranch Style House
- Eat-In Kitchen
- Hot Water Heating System
- Wood Flooring
- Central Air
- Family Room
About This Home
As of August 2025Stop renting, the payment on this move in ready condo makes sense! Seller offering $1k closing costs credit, motivated and flexible with terms. This corner unit condo offers two generous bedrooms, a full bathroom, great kitchen, and large living area. Located just blocks from the Drake University campus, this home is walkable to so many amenities from eating to shopping and all the outdoor activities you could want in the Des Moines metro. The HOA and owners within the building are great, monthly dues includes water, heat, trash and insurance along with snow/lawn/exterior maintenance. Recent improvements include: Flooring, paint, kitchen appliances, and multiple fixtures. The home is very easy to show and immediate occupancy is available. Please call an agent today for a private tour or more information about this simple condo that offers incredible quality of life! Seller willing to cover closing costs/etc.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,521
Year Built
- Built in 1926
HOA Fees
- $275 Monthly HOA Fees
Parking
- Driveway
Home Design
- Ranch Style House
- Brick Exterior Construction
- Slab Foundation
- Asphalt Shingled Roof
Interior Spaces
- 882 Sq Ft Home
- Family Room
- Dining Area
- Laundry on main level
Kitchen
- Eat-In Kitchen
- Stove
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Home Security
Utilities
- Central Air
- Hot Water Heating System
- Radiant Heating System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 09001049001000
Community Details
Recreation
- Snow Removal
Additional Features
- Laundry Facilities
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 31, 2024
Closed on
Jul 30, 2025
Sold by
Foy Timothy John
Bought by
Lewis Joshua G and Lewis Scott J
Seller's Agent
Cy Phillips
Space Simply
Buyer's Agent
Chris Chiaramonte
Century 21 Signature
List Price
$82,500
Sold Price
$72,000
Premium/Discount to List
-$10,500
-12.73%
Views
540
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.63%
Original Mortgage
$57,600
Outstanding Balance
$57,559
Interest Rate
7.73%
Mortgage Type
New Conventional
Estimated Equity
$20,765
Purchase Details
Listed on
Nov 3, 2016
Closed on
Jun 28, 2017
Sold by
Mlgs Llc
Bought by
Foy Timothy J
Seller's Agent
Kristina Leek
RE/MAX Precision
Buyer's Agent
Erin Rundall
Keller Williams Realty GDM
List Price
$65,500
Sold Price
$58,000
Premium/Discount to List
-$7,500
-11.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.70%
Original Mortgage
$46,400
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 11, 2016
Sold by
Andrew Healey
Bought by
Richmond Claire
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
3.59%
Purchase Details
Closed on
Nov 13, 2015
Sold by
Heintz Morgan
Bought by
Mlgs Llc
Purchase Details
Closed on
Aug 1, 2014
Sold by
Ml65 Llc
Bought by
Heintz Morgan
Purchase Details
Closed on
Jul 17, 2014
Sold by
Spunaugle Shanna and Mcdaniel Joe
Bought by
Mlgs Llc
Purchase Details
Closed on
Jan 27, 2014
Sold by
Mlgs Llc
Bought by
Spunaugle Shanna and Mcdaniel Joe
Purchase Details
Closed on
Sep 20, 2013
Sold by
Brown Robert L and Bugely Joseph J
Bought by
Mlgs Llc
Purchase Details
Closed on
Feb 1, 2013
Sold by
Miles Llc
Bought by
Brown Robert L and Bugely Joseph J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
3.34%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jan 24, 2013
Sold by
Smtih Tina and Smith Troy
Bought by
Mlgs Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
3.34%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Nov 5, 2010
Sold by
Smith Tina and King Jean Ann
Bought by
Moore Nathan Chad
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000
Interest Rate
4.19%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Sep 9, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Smith Tina and King Jean
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000
Interest Rate
4.19%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 3, 2004
Sold by
Buck Lori Lynn
Bought by
Wilson Bradley
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,900
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 29, 2001
Sold by
Paris Mary Lynn
Bought by
Buck Lori Lynn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,230
Interest Rate
6.87%
Purchase Details
Closed on
Oct 1, 2000
Sold by
Roembke Robin M and Hutchinson David J
Bought by
Paris Mary Lynn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,800
Interest Rate
8.03%
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 |
|---|---|---|---|
| Fiduciary Deed | $72,000 | None Listed On Document | |
| Fiduciary Deed | $72,000 | None Listed On Document | |
| Warranty Deed | $58,000 | None Available | |
| Deed | -- | -- | |
| Quit Claim Deed | -- | None Available | |
| Contract Of Sale | $65,000 | None Available | |
| Warranty Deed | -- | None Available | |
| Contract Of Sale | $64,970 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $75,000 | None Available | |
| Warranty Deed | $55,000 | None Available | |
| Contract Of Sale | $28,500 | None Available | |
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | $59,500 | -- | |
| Warranty Deed | $40,500 | -- | |
| Warranty Deed | $40,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $57,600 | New Conventional | |
| Closed | $57,600 | New Conventional | |
| Previous Owner | $46,400 | New Conventional | |
| Previous Owner | $48,000 | No Value Available | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | $55,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $26,000 | Seller Take Back | |
| Previous Owner | $56,900 | Purchase Money Mortgage | |
| Previous Owner | $42,230 | No Value Available | |
| Previous Owner | $32,800 | No Value Available | |
| Closed | $0 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/04/2025 08/04/25 | Sold | $72,000 | -8.9% | $82 / Sq Ft | |
| 07/11/2025 07/11/25 | Pending | -- | -- | -- | |
| 06/24/2025 06/24/25 | Price Changed | $79,000 | -4.2% | $90 / Sq Ft | |
| 04/15/2025 04/15/25 | For Sale | $82,500 | 0.0% | $94 / Sq Ft | |
| 04/02/2025 04/02/25 | Pending | -- | -- | -- | |
| 03/03/2025 03/03/25 | Price Changed | $82,500 | -2.9% | $94 / Sq Ft | |
| 02/12/2025 02/12/25 | Price Changed | $85,000 | -4.5% | $96 / Sq Ft | |
| 01/29/2025 01/29/25 | Price Changed | $89,000 | -3.3% | $101 / Sq Ft | |
| 01/08/2025 01/08/25 | Price Changed | $92,000 | -2.6% | $104 / Sq Ft | |
| 12/16/2024 12/16/24 | Price Changed | $94,500 | -1.6% | $107 / Sq Ft | |
| 12/02/2024 12/02/24 | Price Changed | $96,000 | -0.5% | $109 / Sq Ft | |
| 11/12/2024 11/12/24 | Price Changed | $96,500 | -1.5% | $109 / Sq Ft | |
| 10/31/2024 10/31/24 | For Sale | $98,000 | +69.0% | $111 / Sq Ft | |
| 06/28/2017 06/28/17 | Sold | $58,000 | -11.5% | $67 / Sq Ft | View Prior Sale |
| 03/31/2017 03/31/17 | Pending | -- | -- | -- | |
| 11/03/2016 11/03/16 | For Sale | $65,500 | -- | $76 / 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 | $1,496 | $76,090 | $15,000 | $61,090 |
| 2023 | $1,602 | $79,200 | $15,000 | $64,200 |
| 2022 | $1,590 | $71,100 | $13,500 | $57,600 |
| 2021 | $1,628 | $71,100 | $13,500 | $57,600 |
| 2020 | $1,690 | $65,200 | $12,400 | $52,800 |
| 2019 | $1,770 | $65,200 | $12,400 | $52,800 |
| 2018 | $1,752 | $69,000 | $11,300 | $57,700 |
| 2017 | $1,750 | $69,000 | $11,300 | $57,700 |
| 2016 | $1,704 | $64,700 | $10,600 | $54,100 |
| 2015 | $1,704 | $64,700 | $10,600 | $54,100 |
| 2014 | $1,720 | $64,700 | $10,600 | $54,100 |
Source: Public Records
Agents Affiliated with this Home
-
Cy Phillips
-
Chris Chiaramonte
Buyer's Agent in 2025
Chris Chiaramonte
Century 21 Signature
(515) 963-1040
6 in this area
162 Total Sales
-
Kristina Leek
Seller's Agent in 2017
Kristina Leek
RE/MAX
(515) 639-0075
668 Total Sales
-
Erin Rundall
Buyer's Agent in 2017
Erin Rundall
Keller Williams Realty GDM
(515) 326-0369
6 in this area
621 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 706880
APN: 090-01049001000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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