NOT LISTED FOR SALE

3940 University Ave Unit 2 Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $81,399 - $118,000

2 Beds
1 Bath
882 Sq Ft
$117/Sq Ft Est. Value

Last Sold October 10, 2024

Last sale price $113,000 $128 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $948/month

22 Days on Market

Highlights

  • Wood Flooring
  • Covered Deck
  • Home Security System
  • Formal Dining Room
  • Security Service
  • Hot Water Heating System

About This Home

As of October 2024

This description highlights the charm and convenience of the 2-bedroom condo near the Waveland neighborhood. It emphasizes the character of the unit and the fact that it's updated, with all appliances included, even your own washer and dryer. The location is ideal, with shopping and restaurants within walking distance, making it perfect for someone who enjoys an urban lifestyle. Additionally, the description notes the benefits of included snow removal, lawn care, and association dues that cover water, heat, and trash, all of which add to the condo's appeal. The easy access to the metro area is a great selling point for anyone looking to stay connected to the city.

Last Agent to Sell the Property

Marcia Munger

Keller Williams Realty GDM Listed on: 08/22/2024

Keller Williams Realty GDM

Last Buyer's Agent

Jen Radnich

Keller Williams Realty GDM

Keller Williams Realty GDM

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,686

Year Built

  • Built in 1926

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 882 Sq Ft Home
  • Formal Dining Room
  • Home Security System
  • Unfinished Basement

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Covered Deck

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 09001049002000

Community Details

Overview

  • Association Phone (515) 402-0951

Recreation

  • Snow Removal

Security

  • Security Service
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,686

Year Built

Built in 1926

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Condo-Townhome
  • Style: Apartment Style
  • Lp Amt Sq Ft: 124.72
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 128.12
  • Unit: 2
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Cable TV, Hardwood Floors, Security System, Smoke Detector, Tile Floors
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Dining Room: Formal Dining Rm
  • Included Items: Dishwasher, Microwave, Refrigerator, Stove
  • Living Area Sq Ft: 882
  • Total Sq Ft: 882

Exterior Features

  • Exterior: Brick
  • Exterior Features: Covered Deck
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Concrete
  • Trim: Paint

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Hot Water
  • Services: Exterior Maint./Bldg., Insurance, Lawn Care, Security Services, Snow Removal, Trash Service, Utilities

Condo/Co-op/Association

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

Association/Amenities

  • HOA Name: Casa Vista Apt
  • Management Firm: self managed
  • Management Firm Phone: (515) 402-0951

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: 09001049002000
  • Zoning: R-3

Rental Info

  • Rent Restriction Description: No rentals

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 1686.00
  • Net Taxes: 1686.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Oct 7, 2024
Sold by
Hendricks Teresa M
Bought by
Dillon Bret-Wayne
Seller's Agent
Marcia Munger
Keller Williams Realty GDM
Buyer's Agent
Jen Radnich
Keller Williams Realty GDM
List Price
$110,000
Sold Price
$113,000
Premium/Discount to List
$3,000
2.73%
Views
42
Current Estimated Value
$103,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,400
Avg. Annual Appreciation
-7.94%
Original Mortgage
$90,400
Outstanding Balance
$89,360
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$14,240

Purchase Details

Listed on
Aug 10, 2020
Closed on
Sep 24, 2020
Sold by
Nickerson Alexander C and Nickerson Stephanie
Bought by
Hendricks Teresa M
Seller's Agent
Scott Venteicher
RE/MAX Concepts
Buyer's Agent
Cory Spilman
RE/MAX Concepts
List Price
$72,900
Sold Price
$72,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.46%
Original Mortgage
$58,320
Interest Rate
8.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 15, 2018
Closed on
Dec 30, 2018
Sold by
Wiedmann James and Wiedmann Mary Pat
Bought by
Nickeson Alexander C
Seller's Agent
Cathy Hommer
Iowa Realty Indianola
Buyer's Agent
Scott Venteicher
RE/MAX Concepts
List Price
$69,900
Sold Price
$69,000
Premium/Discount to List
-$900
-1.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%
Original Mortgage
$55,200
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2018
Sold by
Wiedman Mary Pat
Bought by
Wiedmann James and Wiedmann Mary Pat
Source: Public Records

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
Dillon Bret-Wayne $113,000 None Listed On Document
Hendricks Teresa M $73,000 None Available
Nickeson Alexander C $69,000 None Available
Nickeson Alexander $69,000 None Available
Wiedmann James $10,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dillon Bret-Wayne $90,400
Previous Owner Hendricks Teresa M $58,320
Previous Owner Nickeson Alexander $55,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2024 10/10/24 Sold $113,000 +2.7% $128 / Sq Ft
09/13/2024 09/13/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $110,000 +50.9% $125 / Sq Ft
09/28/2020 09/28/20 Sold $72,900 0.0% $84 / Sq Ft View Prior Sale
09/28/2020 09/28/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $72,900 +5.7% $84 / Sq Ft
12/31/2018 12/31/18 Sold $69,000 -1.3% $80 / Sq Ft View Prior Sale
12/31/2018 12/31/18 Pending -- -- --
11/15/2018 11/15/18 For Sale $69,900 -- $81 / 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 $1,566 $90,900 $17,100 $73,800
2024 $1,566 $79,600 $15,000 $64,600
2023 $1,686 $79,600 $15,000 $64,600
2022 $1,672 $71,500 $13,500 $58,000
2021 $1,422 $71,500 $13,500 $58,000
2020 $1,472 $65,600 $12,400 $53,200
2019 $538 $65,600 $12,400 $53,200
2018 $566 $20,000 $11,300 $8,700
2017 $1,512 $30,000 $11,300 $18,700
2016 $1,468 $64,400 $10,600 $53,800
2015 $1,468 $64,400 $10,600 $53,800
2014 $1,480 $64,400 $10,600 $53,800
Source: Public Records

Agents Affiliated with this Home

  • Marcia Munger

    Seller's Agent in 2024

    Marcia Munger

    Keller Williams Realty GDM

    (515) 321-6607

    4 in this area

    197 Total Sales

    Marcia Munger
    Section Image
  • Jen Radnich

    Buyer's Agent in 2024

    Jen Radnich

    Keller Williams Realty GDM

    (651) 295-7963

    2 in this area

    111 Total Sales

    Jen Radnich
    Section Image
  • Scott Venteicher

    Seller's Agent in 2020

    Scott Venteicher

    RE/MAX

    (515) 868-1182

    2 in this area

    170 Total Sales

    Scott Venteicher
    Section Image

  • C

    Buyer's Agent in 2020

    Cory Spilman

    RE/MAX

    Section Image

  • C

    Seller's Agent in 2018

    Cathy Hommer

    Iowa Realty Indianola

    (515) 681-6394

    22 Total Sales

    Cathy Hommer
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 701436

Des Moines Area Association of REALTORS®

APN: 090-01049002000

Iowa Polk County Des Moines 50311 Drake

3940 University Ave Unit 2, Des Moines, IA

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