NOT LISTED FOR SALE

3940 University Ave Unit 3 Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $96,000 - $116,000

2 Beds
1 Bath
864 Sq Ft
$124/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $74,500 $86 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $983/month

43 Days on Market

About This Home

As of September 2020

Why rent when you can own this craftsman condo in the heart of Des Moines. The historic charm and updated conveniences and fixtures has over 850 sq ft. The two bedroom features an updated bathroom, beautiful hardwood floors and ample natural light. The kitchen has stainless appliances, white cabinets and pass-through bar top access to the dining room. Move in ready! The condo includes a covered porch and personal patio for grilling, washer and dryer on lower level as well as additional storage space there and in the attic, includes one reserved parking space. With easy highway access you are minutes to downtown. Maintenance-free living; association dues include water, heat, trash, snow removal, lawn-care and insurance.

Last Agent to Sell the Property

Suzana Dobrosavljevic

RE/MAX Concepts Listed on: 08/13/2020

RE/MAX Concepts

Last Buyer's Agent

Bambi Helm

Keller Williams Realty GDM

Keller Williams Realty GDM

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,450

Year Built

  • Built in 1926

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • 864 Sq Ft Home
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Shingled Roof

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Patio

Utilities

  • Window Unit Cooling System
  • Municipal Trash

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 09001049003000

Community Details

Overview

  • HOA Managed Association

Amenities

  • Community Storage Space

Recreation

  • Snow Removal

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,450

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: 84.49
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 86.23
  • Unit: 3
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Living Area Sq Ft: 864
  • Total Sq Ft: 864

Exterior Features

  • Exterior: Brick
  • Exterior Features: Open Patio
  • Foundation: Brick
  • Roof: Asphalt Shingle

Garage/Parking

  • Driveway: Asphalt

Utilities

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

Association/Amenities

  • Amenities: Extra Storage
  • HOA Name: Casa Vista Apartment Owners
  • Management Firm: HOA Managed

Condo/Co-op/Association

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

Schools

  • School District: Des Moines Independent

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: 09001049003000
  • Zoning: Res

Rental Info

  • Rent Restriction Description: Owner occupied only

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 1450.00
  • Net Taxes: 1450.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2020
Closed on
Sep 23, 2020
Sold by
Bromwell Karla J
Bought by
Sodergren Monica
Seller's Agent
Suzana Dobrosavljevic
RE/MAX Concepts
Buyer's Agent
Bambi Helm
Keller Williams Realty GDM
List Price
$73,000
Sold Price
$74,500
Premium/Discount to List
$1,500
2.05%
Current Estimated Value
$106,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,366
Avg. Annual Appreciation
7.91%
Original Mortgage
$70,775
Outstanding Balance
$63,658
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$43,208

Purchase Details

Listed on
May 17, 2018
Closed on
Jun 20, 2018
Sold by
Richmond Claire E
Bought by
Bromwell Karla J
Seller's Agent
Nora Crosthwaite
Realty ONE Group Impact
Buyer's Agent
Marinela Mic Plucic
Realty ONE Group Impact
List Price
$65,000
Sold Price
$65,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%
Original Mortgage
$12,863
Interest Rate
4.6%
Mortgage Type
Unknown

Purchase Details

Listed on
Feb 8, 2016
Closed on
Apr 7, 2016
Sold by
Healey Andrew
Bought by
Richmond Claire E
Seller's Agent
Zac Bales-Henry
Black Phoenix Group
Buyer's Agent
Chris Chiaramonte
Century 21 Signature
List Price
$60,000
Sold Price
$60,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.71%

Purchase Details

Listed on
Apr 30, 2013
Closed on
Nov 17, 2013
Sold by
Paulikova Zuzana
Bought by
Federal National Mortgage Association
Seller's Agent
Marlea DePenning
BHHS First Realty Westown
Buyer's Agent
Marlea DePenning
BHHS First Realty Westown
List Price
$49,900
Sold Price
$29,200
Premium/Discount to List
-$20,700
-41.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.66%

Purchase Details

Listed on
Apr 30, 2013
Closed on
Sep 9, 2013
Sold by
Federal National Mortgage Association
Bought by
Healey Andrew
Seller's Agent
Marlea DePenning
BHHS First Realty Westown
Buyer's Agent
Marlea DePenning
BHHS First Realty Westown
List Price
$49,900
Sold Price
$29,200
Premium/Discount to List
-$20,700
-41.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,360
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2013
Sold by
Jacobson Keri and Jacobson Keri L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 18, 2006
Sold by
Miller Jocelyn
Bought by
Jacobson Keri L

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
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2006
Sold by
Paulikova Zuzana
Bought by
Miller Jocelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,950
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 21, 2005
Sold by
Riley Richard
Bought by
Riley Zuzana Paulikova
Source: Public Records

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Range of Values:

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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
Sodergren Monica $74,500 None Available
Bromwell Karla J $65,000 None Available
Richmond Claire E $60,000 None Available
Federal National Mortgage Association -- None Available
Healey Andrew $29,200 None Available
Federal National Mortgage Association $91,560 None Available
Jacobson Keri L $84,500 None Available
Miller Jocelyn $78,000 None Available
Riley Zuzana Paulikova -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sodergren Monica $70,775
Previous Owner Bromwell Karia J $12,863
Previous Owner Bromwell Karla J $52,000
Previous Owner Healey Andrew $23,360
Previous Owner Jacobson Keri L $85,000
Previous Owner Miller Jocelyn $74,950
Previous Owner Paulikova Zuzana $47,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $74,500 +2.1% $86 / Sq Ft
09/25/2020 09/25/20 Pending -- -- --
08/13/2020 08/13/20 For Sale $73,000 +12.3% $84 / Sq Ft
06/21/2018 06/21/18 Sold $65,000 0.0% $75 / Sq Ft
05/22/2018 05/22/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $65,000 +8.3% $75 / Sq Ft
04/08/2016 04/08/16 Sold $60,000 0.0% $69 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
02/08/2016 02/08/16 For Sale $60,000 +105.5% $69 / Sq Ft
11/08/2013 11/08/13 Sold $29,200 -41.5% $34 / Sq Ft
10/10/2013 10/10/13 Pending -- -- --
04/30/2013 04/30/13 For Sale $49,900 -- $58 / 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 $1,352 $79,200 $15,000 $64,200
2023 $1,466 $79,200 $15,000 $64,200
2022 $1,454 $71,100 $13,500 $57,600
2021 $1,412 $71,100 $13,500 $57,600
2020 $1,462 $65,200 $12,400 $52,800
2019 $1,384 $65,200 $12,400 $52,800
2018 $1,596 $60,000 $11,300 $48,700
2017 $1,218 $60,000 $11,300 $48,700
2016 $956 $45,000 $10,600 $34,400
2015 $956 $45,000 $10,600 $34,400
2014 $1,650 $45,000 $10,600 $34,400
Source: Public Records

Agents Affiliated with this Home

  • Bambi Helm

    Buyer's Agent in 2020

    Bambi Helm

    Keller Williams Realty GDM

    (515) 661-1595

    Section Image
  • Nora Crosthwaite

    Seller's Agent in 2018

    Nora Crosthwaite

    Realty ONE Group Impact

    (515) 783-9815

    2 in this area

    194 Total Sales

    Nora Crosthwaite
    Section Image
  • Marinela Mic Plucic

    Buyer's Agent in 2018

    Marinela Mic Plucic

    Realty ONE Group Impact

    (913) 647-5700

    10 Total Sales

    Section Image
  • Zac Bales-Henry

    Seller's Agent in 2016

    Zac Bales-Henry

    Black Phoenix Group

    (515) 494-7772

    5 in this area

    137 Total Sales

    Zac Bales-Henry
    Section Image
  • Travis Moulton

    Seller Co-Listing Agent in 2016

    Travis Moulton

    RE/MAX

    (515) 494-1066

    10 Total Sales

    Travis Moulton
    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 611971

Des Moines Area Association of REALTORS®

APN: 090-01049003000

Iowa Polk County Des Moines 50311 Drake

3940 University Ave Unit 3, Des Moines, IA

This home is located at 3940 University Ave Unit 3, Des Moines, IA 50311 since 13 August 2020 and is currently estimated at $106,866, approximately $123 per square foot. This property was built in 1926. 3940 University Ave Unit 3 is a home located in Polk County with nearby schools including Hubbell Elementary, Callanan Middle School, and Roosevelt High School.

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