408 7th St West Des Moines, IA 50265
Estimated Value: $264,000 - $311,000
--
Bed
2
Baths
2,472
Sq Ft
$115/Sq Ft
Est. Value
Highlights
- 2 Kitchens
- No HOA
- 2-minute walk to Nellie Phenix Commons
- Valley High School Rated A
- Forced Air Heating and Cooling System
About This Home
As of August 2023Ideal location for this rare West Des Moines duplex to add to your investment portfolio or kick-start your investment journey. Just two blocks away from Historic Valley Junction that is home to 150 retail businesses including restaurants and retail shops. Near Wilson Park, this property commands great rental income. Central HVAC, new flooring.New Roof 2 years ago. Both units are 3 beds and 1 bath and a management company is already in place.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,476
Year Built
- Built in 1915
Lot Details
- 7,250 Sq Ft Lot
- Lot Dimensions are 50x145
Home Design
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 2 Full Bathrooms
- 2,472 Sq Ft Home
- 2-Story Property
- 2 Kitchens
- Unfinished Basement
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 32004653000000
Community Details
Overview
- No Home Owners Association
- 2 Units
- Renters Warehouse Association
Building Details
- Gross Income $2,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 26, 2023
Closed on
Aug 4, 2023
Sold by
Anderson Dane R and Anderson Jennifer
Bought by
Batzler Robert and Batzler Erin
Seller's Agent
Brett Fine
RE/MAX Concepts
Buyer's Agent
Darson Grantham
Keller Williams Realty GDM
List Price
$280,000
Sold Price
$270,000
Premium/Discount to List
-$10,000
-3.57%
Total Days on Market
4
Views
23
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
$14,781
Avg. Annual Appreciation
3.40%
Original Mortgage
$202,500
Outstanding Balance
$198,793
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$87,746
Purchase Details
Closed on
Jul 31, 2009
Sold by
M Management Llc and Modica Scott A
Bought by
Anderson Dane R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
5.43%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 27, 2009
Sold by
M Management Llc and Modica Scott A
Bought by
Anderson Dane R and Anderson Jennifer
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
5.43%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Nov 29, 2005
Sold by
Modica Scott A and Modica Kristine M
Bought by
M Management Llc
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
Similar Home in West Des Moines, IA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Batzler Robert | $270,000 | None Listed On Document | |
| Anderson Dane R | $137,000 | None Available | |
| Anderson Dane R | $136,500 | Itc | |
| M Management Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Batzler Robert | $202,500 | |
| Previous Owner | Anderson Dane A | $107,000 | |
| Previous Owner | Anderson Dane R | $137,000 | |
| Previous Owner | Anderson Dane R | $111,000 | |
| Previous Owner | Modica Scott A | $134,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2023 08/08/23 | Sold | $270,000 | -3.6% | $109 / Sq Ft |
| 06/30/2023 06/30/23 | Pending | -- | -- | -- |
| 06/26/2023 06/26/23 | For Sale | $280,000 | -- | $113 / 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 | $3,770 | $237,800 | $42,300 | $195,500 |
| 2023 | $3,518 | $237,800 | $42,300 | $195,500 |
| 2022 | $3,476 | $182,200 | $34,000 | $148,200 |
| 2021 | $3,274 | $182,200 | $34,000 | $148,200 |
| 2020 | $3,226 | $163,300 | $30,700 | $132,600 |
| 2019 | $2,990 | $163,300 | $30,700 | $132,600 |
| 2018 | $2,998 | $146,000 | $27,200 | $118,800 |
| 2017 | $2,892 | $146,000 | $27,200 | $118,800 |
| 2016 | $2,828 | $136,800 | $25,400 | $111,400 |
| 2015 | $2,828 | $136,800 | $25,400 | $111,400 |
| 2014 | $2,692 | $132,700 | $24,300 | $108,400 |
Source: Public Records
Agents Affiliated with this Home
-
Brett Fine
Seller's Agent in 2023
Brett Fine
RE/MAX
(515) 314-8673
29 in this area
167 Total Sales
-
Darson Grantham
Buyer's Agent in 2023
Darson Grantham
Keller Williams Realty GDM
(641) 745-0156
11 in this area
196 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 676094
APN: 320-04653000000
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