$162,000
SOLD FEB 28, 2025

400 Walnut St, Unit 502 Des Moines, IA 50309

Downtown Des Moines Neighborhood
1 Bed
1 Bath
865 Sq Ft
$375/mo HOA Fee

Recently Sold

$187 Per Sq Ft

5% Below List Price

97 Days on Market

Highlights

  • Fitness Center
  • Forced Air Heating and Cooling System
  • 1-minute walk to Cowles Commons
  • Sauna
  • Community Storage Space

About This Home

As of February 2025

Prime Investment Opportunity in the Heart of Downtown Des Moines! This exceptional property allows for both short-term and long-term rentals, offering unmatched flexibility. Enjoy easy access to the city's best restaurants and shopping just steps away. The property includes parking, a sauna, an exercise room, and an additional storage unit. Best of all, it comes fully furnished and ready to rent or move in immediately!

Last Agent to Sell the Property

David Rodriguez

RE/MAX Precision Listed on: 09/04/2024

RE/MAX Precision

Last Buyer's Agent

Misty Darling

BH&G Real Estate Innovations

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,976

Year Built

  • Built in 1930

HOA Fees

  • $375 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • 865 Sq Ft Home
  • Brick Exterior Construction
  • Asphalt Shingled Roof

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02001715002016

Community Details

Overview

  • Kirkwood Condominiums Association

Amenities

  • Sauna
  • Community Storage Space

Recreation

  • Fitness Center

Pet Policy

  • Breed Restrictions

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,976

Year Built

Built in 1930

Lot Details

0

HOA Fees

$375 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Condo-Townhome
  • Style: Apartment Style
  • Lp Amt Sq Ft: 193.53
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 187.28
  • Termite: Follow Showing Instructions
  • Unit: 502
  • 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: 865
  • Total Sq Ft: 865

Exterior Features

  • Exterior: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Association/Amenities

  • Amenities: Exercise Room, Extra Storage, Pet Restrictions, Sauna
  • HOA Name: Kirkwood Condominiums
  • Management Firm: Kirkwood Condominiums

Condo/Co-op/Association

  • Association Fee: 375.0000
  • 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: 02001715002016
  • Zoning: DX1

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 2976.00
  • Net Taxes: 2976.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2024
Closed on
Feb 27, 2025
Sold by
Plan B Investments Inc
Bought by
Ingels Chad Gerhard and Ingels Tammy Sue
Seller's Agent
David Rodriguez
RE/MAX Precision
Buyer's Agent
Misty Darling
BH&G Real Estate Innovations
List Price
$169,900
Sold Price
$162,000
Premium/Discount to List
-$7,900
-4.65%
Views
54
Current Estimated Value
$164,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,815
Avg. Annual Appreciation
3.12%
Original Mortgage
$129,600
Outstanding Balance
$128,958
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$35,857

Purchase Details

Listed on
Feb 8, 2022
Closed on
Mar 30, 2022
Sold by
Lamine Sinanovic and Lamine Mouhamadou
Bought by
Plan B Investments Inc
Seller's Agent
Elma Sinanovich
Platinum Realty LLC
Buyer's Agent
OUTSIDE AGENT
OTHER
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
-0.61%

Purchase Details

Listed on
Dec 28, 2017
Closed on
Jul 16, 2018
Sold by
Kirkwood Llc
Bought by
Sinanovich Elma
Seller's Agent
Timothy Schutte
EXIT Realty & Associates
Buyer's Agent
Timothy Schutte
EXIT Realty & Associates
List Price
$161,000
Sold Price
$160,000
Premium/Discount to List
-$1,000
-0.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.85%
Original Mortgage
$128,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
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 $162,000 None Listed On Document
Warranty Deed $162,000 None Listed On Document
Warranty Deed $150,000 None Listed On Document
Warranty Deed $160,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $129,600 New Conventional
Closed $129,600 New Conventional
Previous Owner $128,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $162,000 -3.2% $187 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
09/19/2024 09/19/24 Price Changed $167,400 -1.5% $194 / Sq Ft
09/04/2024 09/04/24 For Sale $169,900 +3.0% $196 / Sq Ft
03/01/2022 03/01/22 Sold $165,000 0.0% $191 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $165,000 +3.1% $191 / Sq Ft
07/20/2018 07/20/18 Sold $160,000 -0.6% $185 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
12/28/2017 12/28/17 For Sale $161,000 -- $186 / 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 $2,976 $151,300 $9,700 $141,600
2023 $3,566 $151,300 $9,700 $141,600
2022 $3,538 $151,300 $9,700 $141,600
2021 $4,128 $151,300 $9,700 $141,600
2020 $4,128 $159,200 $10,200 $149,000
2019 $4,278 $159,200 $10,200 $149,000
2018 $3,646 $159,200 $10,200 $149,000
2017 $1,022 $159,200 $10,200 $149,000
2016 $348 $103,510 $10,180 $93,330
Source: Public Records

Agents Affiliated with this Home

  • David Rodriguez

    Seller's Agent in 2025

    David Rodriguez

    RE/MAX

    (515) 619-8150

    2 in this area

    360 Total Sales

    David Rodriguez
    Section Image
  • Misty Darling

    Buyer's Agent in 2025

    Misty Darling

    BH&G Real Estate Innovations

    (515) 414-0059

    26 in this area

    1,884 Total Sales

    Misty Darling
    Section Image

  • E

    Seller's Agent in 2022

    Elma Sinanovich

    Platinum Realty LLC

    (515) 865-9109

    6 in this area

    17 Total Sales

    Elma Sinanovich
    Section Image

  • O

    Buyer's Agent in 2022

    OUTSIDE AGENT

    OTHER

    17 in this area

    5,738 Total Sales

    OUTSIDE AGENT
    Section Image
  • Timothy Schutte

    Seller's Agent in 2018

    Timothy Schutte

    EXIT Realty & Associates

    (515) 681-5677

    13 in this area

    197 Total Sales

    Timothy Schutte
    Section Image

  • I

    Seller Co-Listing Agent in 2018

    Inna Zimic

    RE/MAX

    Section Image
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About This Building

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 703141

Des Moines Area Association of REALTORS®

APN: 020-01715002016

Iowa Polk County Des Moines 50309 Downtown Des Moines

400 Walnut St Unit 502, Des Moines, IA

This home is located at 400 Walnut St Unit 502, Des Moines, IA 50309 and is currently priced at $162,000, approximately $187 per square foot. This property was built in 1930. 400 Walnut St Unit 502 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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