$188,000
SOLD APR 2, 2025

400 Walnut St, Unit 403 Des Moines, IA 50309

Downtown Des Moines Neighborhood
1 Bed
1 Bath
925 Sq Ft
$489/mo HOA Fee

Recently Sold

$203 Per Sq Ft

2% Above List Price

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

Take the first step in your investing career with this charming 1-bedroom, 1-bath condo right in the heart of Downtown Des Moines. Already a well performing Airbnb, this unit is waiting for its next host/homeowner to experience the very best of Des Moines! From the 4th floor you will enjoy light-filled living spaces, a beautiful view of downtown, and serenity all while being walking distance from the local farmer's market, restaurants, nightlife, and skywalk access. Seller is willing to negotiate the home furnishings with an acceptable offer.

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

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

Recreation

  • Recreation Facilities
  • Fitness Center
  • 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

Lot Details

0

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

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: 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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.19%

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:

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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 Type Sale Price Title Company
Warranty Deed $185,000 None Listed On Document
Warranty Deed $185,000 None Listed On Document
Warranty Deed $145,000 None Available
Warranty Deed $165,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $147,000 Future Advance Clause Open End Mortgage
Previous Owner $132,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2025 04/29/25 For Sale $205,900 +9.5% $223 / 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
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
05/03/2019 05/03/19 For Sale $165,000 -- $178 / 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 $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

  • Robert Myers

    Seller's Agent in 2025

    Robert Myers

    CDM Real Estate Services

    (515) 418-0086

    89 Total Sales

    Robert Myers
    Section Image

  • G

    Seller's Agent in 2025

    Grant Beck

    RE/MAX

    (515) 313-5269

    1 in this area

    30 Total Sales

    Grant Beck
    Section Image

  • E

    Seller's Agent in 2021

    Elma Sinanovich

    Platinum Realty LLC

    (515) 865-9109

    6 in this area

    17 Total Sales

    Elma Sinanovich
    Section Image
  • Timothy Schutte

    Seller's Agent in 2019

    Timothy Schutte

    EXIT Realty & Associates

    (515) 681-5677

    13 in this area

    197 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

This home is located at 400 Walnut St Unit 403, Des Moines, IA 50309 and is currently priced at $188,000, approximately $203 per square foot. This property was built in 1930. 400 Walnut St Unit 403 is a home located in Polk County with nearby schools including Walnut Street School, Callanan Middle School, and Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Des Moines Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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