NOT LISTED FOR SALE

3940 University Ave Unit 4 Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $81,637 - $111,000

2 Beds
1 Bath
882 Sq Ft
$113/Sq Ft Est. Value

Last Sold November 05, 2024

Last sale price $107,000 $121 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $927/month

17 Days on Market

Highlights

  • Wood Flooring
  • Covered Deck
  • Dining Area

About This Home

As of November 2024

Welcome to this charming, 2 bedroom, 1 bath condo nestled in the heart of Des Moines, within walking distance to restaurants, shopping, and Drake University. This move-in ready home is freshly painted, with original hardwood floors, a cozy covered porch, storage areas, off-street parking, and additional guest parking. Window treatments and all appliances stay, including in-unit laundry. Snow removal, lawn care, water, heat, and trash included in HOA dues. Easy access to downtown, and suburbs!

Last Agent to Sell the Property

Pennie Carroll

Pennie Carroll & Associates Listed on: 09/16/2024

Last Buyer's Agent

Samantha Hogan

Real Broker, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,558

Year Built

  • Built in 1926

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 882 Sq Ft Home
  • Dining Area
  • Wood Flooring

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Covered Deck
  • Window Unit Cooling System

Listing and Financial Details

  • Assessor Parcel Number 09001049004000

Community Details

Overview

  • The community has rules related to renting

Recreation

  • Snow Removal

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,558

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: 121.32
  • Termite: Follow Showing Instructions
  • Unit: 4
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Hardwood Floors, Smoke Detector
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Dining Room: Dining Areas
  • Included Items: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 882
  • Total Sq Ft: 882

Exterior Features

  • Exterior: Brick
  • Exterior Features: Covered Deck
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Water: City
  • Air Conditioner: Window Unit

Association/Amenities

  • Amenities: Rent Restrictions, Snow Removal
  • HOA Name: ...
  • Management Firm: ...

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: 09001049004000
  • Zoning: NX2

Rental Info

  • Rent Restriction Description: Not allowed

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 1558.00
  • Net Taxes: 1558.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Nov 4, 2024
Sold by
Nicholson Brianne Jalae and Mcginn Brianne J
Bought by
Nelson Kari L
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Samantha Hogan
Real Broker, LLC
List Price
$115,000
Sold Price
$107,000
Premium/Discount to List
-$8,000
-6.96%
Views
31
Current Estimated Value
$99,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,341
Avg. Annual Appreciation
-7.00%
Original Mortgage
$101,650
Outstanding Balance
$100,526
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
-$867

Purchase Details

Listed on
Sep 16, 2024
Closed on
Oct 31, 2024
Sold by
Mcginn Luke Mclean
Bought by
Mcginn Brianne J and Nicholson Brianne Jalae
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Samantha Hogan
Real Broker, LLC
List Price
$115,000
Sold Price
$107,000
Premium/Discount to List
-$8,000
-6.96%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,650
Outstanding Balance
$100,526
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
-$867

Purchase Details

Listed on
Aug 19, 2016
Closed on
Sep 29, 2016
Sold by
Sharp Ryan and Sharp Dennis J
Bought by
Mcginn Brianne J and Mcginn Luke
Seller's Agent
Ryan Sharp
Platinum Realty LLC
Buyer's Agent
Kira Sales
RE/MAX Precision
List Price
$65,000
Sold Price
$63,000
Premium/Discount to List
-$2,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%
Original Mortgage
$59,850
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2011
Sold by
Fogel Bernard L and The Estate Of Rose Schuster Fo
Bought by
Sharp Ryan and Sharp Dennis F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.77%
Mortgage Type
New Conventional
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
Nelson Kari L $107,000 None Listed On Document
Mcginn Brianne J -- --
Mcginn Brianne J $63,000 None Available
Sharp Ryan $28,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Kari L $101,650
Previous Owner Mcginn Brianne J $59,850
Previous Owner Sharp Ryan $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2024 11/05/24 Sold $107,000 -2.7% $121 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
09/23/2024 09/23/24 Price Changed $110,000 -4.3% $125 / Sq Ft
09/16/2024 09/16/24 For Sale $115,000 +82.5% $130 / Sq Ft
09/30/2016 09/30/16 Sold $63,000 -3.1% $73 / Sq Ft View Prior Sale
09/30/2016 09/30/16 Pending -- -- --
08/19/2016 08/19/16 For Sale $65,000 -- $75 / 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 $1,558 $90,500 $17,100 $73,400
2024 $1,558 $79,200 $15,000 $64,200
2023 $1,676 $79,200 $15,000 $64,200
2022 $1,662 $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 $1,666 $65,200 $12,400 $52,800
2018 $1,650 $62,000 $11,300 $50,700
2017 $754 $62,000 $11,300 $50,700
2016 $730 $36,400 $10,600 $25,800
2015 $730 $36,400 $10,600 $25,800
2014 $704 $36,400 $10,600 $25,800
Source: Public Records

Agents Affiliated with this Home

  • Pennie Carroll

    Seller's Agent in 2024

    Pennie Carroll

    Pennie Carroll & Associates

    (515) 490-8025

    15 in this area

    1,239 Total Sales

    Pennie Carroll
    Section Image
  • Samantha Hogan

    Buyer's Agent in 2024

    Samantha Hogan

    Real Broker, LLC

    (515) 783-2732

    2 in this area

    20 Total Sales

    Samantha Hogan
    Section Image

  • R

    Seller's Agent in 2016

    Ryan Sharp

    Platinum Realty LLC

  • Tom Miller

    Seller Co-Listing Agent in 2016

    Tom Miller

    EXP Realty, LLC

    (515) 729-2362

    1 in this area

    109 Total Sales

    Tom Miller
    Section Image

  • K

    Buyer's Agent in 2016

    Kira Sales

    RE/MAX

    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 703962

Des Moines Area Association of REALTORS®

APN: 090-01049004000

Iowa Polk County Des Moines 50311 Drake

3940 University Ave Unit 4, Des Moines, IA

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