NOT LISTED FOR SALE

3940 University Ave Unit 5 Des Moines, IA 50311

Drake Neighborhood

Estimated Value: $83,720 - $129,000

2 Beds
1 Bath
864 Sq Ft
$116/Sq Ft Est. Value

Last Sold August 22, 2019

Last sale price $71,000 $82 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $915/month

105 Days on Market

Highlights

  • Wood Flooring
  • Shades
  • Forced Air Heating System
  • Formal Dining Room

About This Home

As of August 2019

Classic craftsman features in an affordable package with this great West Side condo. You will love the beautiful hardwood floors that stretch through the entire unit. The large living room and bedrooms are filled with natural light that really shows off the original thick craftsman wood trim. A separate dining room plus decent sized kitchen means there is plenty of room for entertaining. There is storage and laundry downstairs giving you more space than you are used to in a condo. Within walking distance to Drake University, Uptown Shopping Center and Roosevelt District you are close to everything you need. Schedule a showing today.

Last Agent to Sell the Property

Jason Stuyvesant

RE/MAX Concepts Listed on: 05/09/2019

RE/MAX Concepts

Last Buyer's Agent

Clint Curtis

Iowa Realty Beaverdale

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,775

Year Built

  • Built in 1926

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 864 Sq Ft Home
  • Shades
  • Drapes & Rods
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 09001049005000

Community Details

Overview

  • HOA Managed Association
  • The community has rules related to renting

Recreation

  • Snow Removal

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,775

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: 79.86
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 82.18
  • Unit: 5
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Drapes/Curtains, Hardwood Floors, Shades/Shutters, Smoke Detector
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Dining Room: Formal Dining Rm
  • Included Items: Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 864
  • Total Sq Ft: 864

Exterior Features

  • Exterior: Brick
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Electric Forced Air
  • Services: Exterior Maint./Bldg., Insurance, Lawn Care, Snow Removal

Association/Amenities

  • Amenities: Rent Restrictions
  • HOA Name: Alta Vista Condos
  • Management Firm: HOA Managed

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: 09001049005000
  • Zoning: R-3

Rental Info

  • Rent Restriction Description: No rentals, must be owner occupied unless rented to immediate family

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 1775.00
  • Net Taxes: 1775.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2019
Closed on
Aug 19, 2019
Sold by
Criger Brandon L
Bought by
Niska Tyler J
Seller's Agent
Jason Stuyvesant
RE/MAX Concepts
Buyer's Agent
Clint Curtis
Iowa Realty Beaverdale
List Price
$72,000
Sold Price
$71,000
Premium/Discount to List
-$1,000
-1.39%
Current Estimated Value
$100,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,180
Avg. Annual Appreciation
5.66%
Original Mortgage
$55,200
Outstanding Balance
$48,754
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$51,426

Purchase Details

Listed on
May 9, 2017
Closed on
Sep 7, 2017
Sold by
Metabank
Bought by
Criger Brandon L
Seller's Agent
David Peers
RE/MAX Concepts
Buyer's Agent
Magina Scheetz-Lazio
VIA Group, REALTORS
List Price
$69,900
Sold Price
$57,500
Premium/Discount to List
-$12,400
-17.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.42%
Original Mortgage
$51,750
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2017
Sold by
Baker Shelly A
Bought by
Metabank

Purchase Details

Listed on
Jan 27, 2013
Closed on
May 15, 2013
Sold by
Federal National Mortgage Association
Bought by
Baker Shelly A
Seller's Agent
Leonard McCoy
Coldwell Banker Mid-America
Buyer's Agent
Edwin Morris
Keller Williams Realty GDM
List Price
$54,900
Sold Price
$45,000
Premium/Discount to List
-$9,900
-18.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.61%
Original Mortgage
$36,000
Interest Rate
3.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2012
Sold by
Steinger Elaine
Bought by
Bank Of Amercia

Purchase Details

Closed on
Aug 29, 2006
Sold by
Ludwig Thomas
Bought by
Steinger Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Niska Tyler J $71,000 None Available
Criger Brandon L $57,500 --
Metabank $60,000 None Available
Baker Shelly A -- None Available
Bank Of Amercia $71,998 None Available
Steinger Jessica $77,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Niska Tyler J $55,200
Previous Owner Criger Brandon L $51,750
Previous Owner Baker Shelly A $36,000
Previous Owner Steinger Jessica $58,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/22/2019 08/22/19 Sold $71,000 -1.4% $82 / Sq Ft
07/23/2019 07/23/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $72,000 +25.2% $83 / Sq Ft
09/08/2017 09/08/17 Sold $57,500 -17.7% $67 / Sq Ft View Prior Sale
08/31/2017 08/31/17 Pending -- -- --
05/09/2017 05/09/17 For Sale $69,900 +55.3% $81 / Sq Ft
05/22/2013 05/22/13 Sold $45,000 -18.0% $52 / Sq Ft View Prior Sale
05/20/2013 05/20/13 Pending -- -- --
01/27/2013 01/27/13 For Sale $54,900 -- $64 / 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 $1,352 $90,500 $17,100 $73,400
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 $1,690 $65,200 $12,400 $52,800
2019 $1,846 $65,200 $12,400 $52,800
2018 $1,828 $68,700 $11,300 $57,400
2017 $1,742 $68,700 $11,300 $57,400
2016 $1,698 $64,400 $10,600 $53,800
2015 $1,698 $64,400 $10,600 $53,800
2014 $1,712 $64,400 $10,600 $53,800
Source: Public Records

Agents Affiliated with this Home

  • Jason Stuyvesant

    Seller's Agent in 2019

    Jason Stuyvesant

    RE/MAX

    (515) 778-9669

    11 in this area

    130 Total Sales

    Jason Stuyvesant
    Section Image

  • C

    Buyer's Agent in 2019

    Clint Curtis

    Iowa Realty Beaverdale

  • David Peers

    Seller's Agent in 2017

    David Peers

    RE/MAX

    (515) 314-1818

    29 Total Sales

    David Peers
    Section Image

  • M

    Buyer's Agent in 2017

    Magina Scheetz-Lazio

    VIA Group, REALTORS

  • L

    Seller's Agent in 2013

    Leonard McCoy

    Coldwell Banker Mid-America

    Section Image

  • E

    Buyer's Agent in 2013

    Edwin Morris

    Keller Williams Realty GDM

See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 582056

Des Moines Area Association of REALTORS®

APN: 090-01049005000

Iowa Polk County Des Moines 50311 Drake

3940 University Ave Unit 5, Des Moines, IA

Not Listed for Sale

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