4022 E Madison Ave Des Moines, IA 50317
Sheridan Gardens Neighborhood
3
Beds
2
Baths
1,504
Sq Ft
0.32
Acres
Highlights
- Ranch Style House
- No HOA
- Forced Air Heating and Cooling System
- 1 Fireplace
About This Home
As of May 2021Attention investors, here's your chance to buy an amazing property for $50,000 under the assessed value and well more under the ARV. Located on a quiet street in one of East Des Moines' great neighborhoods. Check out that enormous yard! The main level features a large kitchen that is open to the family room and living room. There are three bedrooms, one of which is setup as a master suite with attached 3/4 bathroom. There is an attached oversized two car garage with a large shop behind it. Yes, the property needs work but there's a whole lot of sweat equity to be had.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,372
Year Built
- Built in 1961
Home Design
- Ranch Style House
- Slab Foundation
- Asphalt Shingled Roof
Interior Spaces
- 1,504 Sq Ft Home
- 1 Fireplace
- Crawl Space
Kitchen
- Stove
- Cooktop<<rangeHoodToken>>
- <<microwave>>
- Dishwasher
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Laundry
- Dryer
- Washer
Parking
- 2 Car Attached Garage
- Driveway
Additional Features
- 0.32 Acre Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 06000849016000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 30, 2021
Closed on
May 10, 2021
Sold by
Vasiljevic Aleksandar and Vasiljevic Darci A
Bought by
Whittle Matthew
Seller's Agent
Robert Cupples
RE/MAX Concepts
Buyer's Agent
Stephanie Wright
RE/MAX Precision
List Price
$229,000
Sold Price
$235,500
Premium/Discount to List
$6,500
2.84%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,760
Avg. Annual Appreciation
3.74%
Original Mortgage
$223,725
Outstanding Balance
$204,603
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$69,657
Purchase Details
Listed on
Aug 31, 2020
Closed on
Oct 14, 2020
Sold by
Tate Caroline J and Richey Caroline J
Bought by
Vasiljevic Aleksandar and Vasiljevic Darci A
Seller's Agent
Seth Walker
RE/MAX Concepts
Buyer's Agent
Robert Cupples
RE/MAX Concepts
List Price
$115,000
Sold Price
$120,000
Premium/Discount to List
$5,000
4.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
240.71%
Original Mortgage
$167,000
Interest Rate
2.8%
Mortgage Type
Construction
Purchase Details
Closed on
Sep 20, 2011
Sold by
Richey Robert L
Bought by
Richey Caroline J and Tate Caroline
Purchase Details
Closed on
Aug 7, 1997
Sold by
Fetters Clifford M and Papiani Vicky A
Bought by
Richey Robert Lyle and Tate Richey Caroline J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.71%
Mortgage Type
VA
Similar Homes in Des Moines, IA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $235,500 | None Available | |
| Warranty Deed | $120,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $101,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $223,725 | New Conventional | |
| Previous Owner | $167,000 | Construction | |
| Previous Owner | $104,000 | VA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/17/2021 05/17/21 | Sold | $235,500 | +2.8% | $157 / Sq Ft |
| 04/30/2021 04/30/21 | Pending | -- | -- | -- |
| 03/30/2021 03/30/21 | For Sale | $229,000 | +90.8% | $152 / Sq Ft |
| 10/29/2020 10/29/20 | Sold | $120,000 | +4.3% | $80 / Sq Ft |
| 10/07/2020 10/07/20 | Pending | -- | -- | -- |
| 08/31/2020 08/31/20 | For Sale | $115,000 | -- | $76 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Tax History Compared to Growth
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 | $4,706 | $258,300 | $41,000 | $217,300 |
| 2023 | $4,630 | $258,300 | $41,000 | $217,300 |
| 2022 | $3,080 | $208,700 | $34,200 | $174,500 |
| 2021 | $0 | $144,100 | $34,200 | $109,900 |
| 2020 | $0 | $163,800 | $31,800 | $132,000 |
| 2019 | $0 | $163,800 | $31,800 | $132,000 |
| 2018 | $0 | $141,800 | $27,400 | $114,400 |
| 2017 | $0 | $141,800 | $27,400 | $114,400 |
| 2016 | $0 | $131,200 | $25,200 | $106,000 |
| 2015 | $0 | $131,200 | $25,200 | $106,000 |
| 2014 | -- | $125,100 | $23,700 | $101,400 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Cupples
Seller's Agent in 2021
Robert Cupples
RE/MAX
(515) 681-8871
2 in this area
206 Total Sales
-
Stephanie Wright
Buyer's Agent in 2021
Stephanie Wright
RE/MAX
(515) 202-6150
2 in this area
225 Total Sales
-
Seth Walker
Seller's Agent in 2020
Seth Walker
RE/MAX
(515) 577-3728
4 in this area
530 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 613066
APN: 060-00849016000
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