NOT LISTED FOR SALE

400 Walnut St, Unit 403 Des Moines, IA 50309

Downtown Des Moines Neighborhood

Estimated Value: $175,683 - $179,000

1 Bed
1 Bath
925 Sq Ft
$192/Sq Ft Est. Value

Sale Details

Date Sold: April 2, 2025

Last sale price $188,000 $203 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,683 / mo

73 Days on Market

Highlights

  • Fitness Center
  • Security Service
  • Community Storage Space
  • Recreation Facilities
  • Forced Air Heating and Cooling System
  • 1-minute walk to Cowles Commons

About This Home

As of April 2025

**Any reasonable offer will be strongly considered** This FULLY FURNISHED unit is grandfathered in to allow for both short term Airbnb and long term rentals! Built in 1930 and transformed into luxury condos in 2018, this fully furnished 1-bedroom, 1-full bath home offers 925 sq. ft. of stylish downtown living. Oversized- East facing windows fill the space with natural light, highlighting a modern design with historic character. The building offers amenities including a fitness center, secure entrance & lower-level storage. Step outside your door at 400 Walnut Street and explore all that downtown Des Moines has to offer: restaurants, coffee shops, nightlife, concerts, the Sculpture Park, the farmers market, and the skywalk system are all just a short walk away. Whether you're looking for a chic downtown home or an income-producing property, this condo checks all the boxes! *One covered parking space in attached garage can be rented $120/month! Pet friendly!

Last Agent to Sell the Property

Grant Beck

RE/MAX Revolution Listed on: 12/16/2024

RE/MAX Revolution

Last Buyer's Agent

Grant Beck

RE/MAX Revolution Listed on: 12/16/2024

RE/MAX Revolution

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,232

Year Built

  • Built in 1930

HOA Fees

  • $489 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • 925 Sq Ft Home

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 02001715002012

Community Details

Overview

  • Front Yard Maintenance
  • Capital City Property Mgmt Association, Phone Number (515) 650-2637
  • On-Site Maintenance
  • The community has rules related to renting

Recreation

  • Recreation Facilities
  • Snow Removal

Pet Policy

  • Breed Restrictions

Additional Features

  • Community Storage Space
  • Security Service

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,232

Year Built

Built in 1930

HOA Fees

$489 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Condo-Townhome
  • Style: Apartment Style
  • Lp Amt Sq Ft: 200.00
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 203.24
  • Unit: 403
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Included Items: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 925
  • Total Sq Ft: 925

Garage/Parking

  • Garage: 1 Detached

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Electric Forced Air
  • Services: Exterior Maint./Bldg., Insurance, Lawn Care, Recreational Facilities, Security Services, Snow Removal, Trash Service, Utilities

Association/Amenities

  • Amenities: Exercise Room, Extra Storage, Pet Restrictions, Rent Restrictions
  • HOA Name: Kirkwood Commons HOA
  • Management Firm: Capital City Property Mgmt
  • Management Firm Phone: (515) 650-2637

Condo/Co-op/Association

  • Association Fee: 489.0000
  • 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: 02001715002012
  • Zoning: DXI

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 3232.00
  • Net Taxes: 3232.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2024
Closed on
Mar 21, 2025
Sold by
Sigma Holdings Llc
Bought by
Wolnerman Michael and Wolnerman Missy
Seller's Agent
Grant Beck
RE/MAX Revolution
Buyer's Agent
Grant Beck
RE/MAX Revolution
List Price
$185,000
Sold Price
$188,000
Premium/Discount to List
$3,000
1.62%
Views
50
Current Estimated Value
$177,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,829
Avg. Annual Appreciation
-5.30%

Purchase Details

Listed on
Jul 10, 2021
Closed on
Aug 16, 2021
Sold by
Sinanovic Elma and Sane Mouhamadou Lamine
Bought by
Sigma Holdings Llc
Seller's Agent
Elma Sinanovich
Platinum Realty LLC
Buyer's Agent
Elma Sinanovich
Platinum Realty LLC
List Price
$145,000
Sold Price
$145,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.40%
Original Mortgage
$147,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
May 3, 2019
Closed on
May 2, 2019
Sold by
The Kirkwood Llc
Bought by
Sinanovic Elma
Seller's Agent
Timothy Schutte
EXIT Realty & Associates
Buyer's Agent
Timothy Schutte
EXIT Realty & Associates
List Price
$165,000
Sold Price
$165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.51%
Original Mortgage
$132,000
Interest Rate
4.2%
Mortgage Type
Commercial
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Wolnerman Michael $185,000 None Listed On Document
Wolnerman Michael $185,000 None Listed On Document
Sigma Holdings Llc $145,000 None Listed On Document
Sinanovic Elma $165,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Sigma Holdings Llc $147,000
Previous Owner Sinanovic Elma $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2026 04/28/26 Price Changed $175,000 -2.2% $189 / Sq Ft
03/04/2026 03/04/26 Price Changed $179,000 -5.3% $194 / Sq Ft
01/06/2026 01/06/26 For Sale $189,000 +0.5% $204 / Sq Ft
04/02/2025 04/02/25 Sold $188,000 +1.6% $203 / Sq Ft
02/27/2025 02/27/25 Pending -- -- --
12/16/2024 12/16/24 For Sale $185,000 +27.6% $200 / Sq Ft
08/13/2021 08/13/21 Sold $145,000 0.0% $157 / Sq Ft View Prior Sale
08/13/2021 08/13/21 Pending -- -- --
07/10/2021 07/10/21 For Sale $145,000 -12.1% $157 / Sq Ft
05/08/2019 05/08/19 Pending -- -- --
05/03/2019 05/03/19 Sold $165,000 0.0% $178 / Sq Ft View Prior Sale
05/03/2019 05/03/19 For Sale $165,000 -- $178 / Sq Ft
Source: Des Moines Area Association of REALTORS®

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 $3,182 $162,600 $10,500 $152,100
2024 $3,182 $161,700 $10,400 $151,300
2023 $3,810 $161,700 $10,400 $151,300
2022 $3,782 $161,700 $10,400 $151,300
2021 $4,412 $161,700 $10,400 $151,300
2020 $4,412 $170,200 $10,900 $159,300
2019 $4,574 $170,200 $10,900 $159,300
2018 $3,896 $170,200 $10,900 $159,300
2017 $1,094 $170,200 $10,900 $159,300
2016 $372 $110,740 $10,890 $99,850
Source: Public Records

Agents Affiliated with this Home

  • Shannon Salmon

    Seller's Agent in 2026

    Shannon Salmon

    RE/MAX

    (612) 327-6536

    124 Total Sales

    Shannon Salmon
    Section Image

  • G

    Seller's Agent in 2025

    Grant Beck

    RE/MAX

    (515) 313-5269

    1 in this area

    35 Total Sales

    Grant Beck
    Section Image

  • E

    Seller's Agent in 2021

    Elma Sinanovich

    Platinum Realty LLC

    Section Image
  • Timothy Schutte

    Seller's Agent in 2019

    Timothy Schutte

    EXIT Realty & Associates

    (515) 681-5677

    10 in this area

    180 Total Sales

    Timothy Schutte
    Section Image
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About This Building

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 709060

Des Moines Area Association of REALTORS®

APN: 020-01715002012

Iowa Polk County Des Moines 50309 Downtown Des Moines

400 Walnut St Unit 403, Des Moines, IA

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