NOT LISTED FOR SALE

408 E Gray St Des Moines, IA 50315

Indianola Hills Neighborhood

Estimated Value: $224,000 - $250,000

2 Beds
2 Baths
1,403 Sq Ft
$165/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $190,000 $135 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,582/month

66 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Forced Air Heating and Cooling System
  • Sun or Florida Room
  • Eat-In Kitchen
  • Family Room

About This Home

As of December 2021

Walk-out ranch with fantastic downtown view in the drop-down living room with corner windows. 2 bedrooms, with potential for 3rd non-conforming in the basement. The basement currently has a 3/4 bath, a non-conforming 3rd, and currently a huge workshop area, perfect for the hobbyist, carpenter, or in-home business complete with storage and/or office area. Workbench. 2 car garage, fenced yard, and a wonderful sunroom overlooking trees, walking trails, and downtown. Very well cared-for. Current owner has lived in this home since 45 years! Wonderful eat-in area with built-ins and bay window. Many updates, including newer windows.

Last Agent to Sell the Property

Jennifer Farrell

RE/MAX Concepts Listed on: 10/05/2021

RE/MAX Concepts

Last Buyer's Agent

Jennifer Farrell

RE/MAX Concepts Listed on: 10/05/2021

RE/MAX Concepts

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,428

Year Built

  • Built in 1955

Lot Details

  • 9,847 Sq Ft Lot
  • Lot Dimensions are 74x132
  • Chain Link Fence

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 1,403 Sq Ft Home
  • Family Room
  • Dining Area
  • Sun or Florida Room
  • Carpet
  • Walk-Out Basement

Kitchen

  • Eat-In Kitchen
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 01001125000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,428

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Residential
  • Style: Ranch
  • Lp Amt Sq Ft: 149.68
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 135.42
  • Termite: Follow Showing Instructions
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Carpeting
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Partial Bath Total: 1
  • Partial Bath 1st Floor: 1
  • Basement Description: Walkout
  • Sq Ft Bsmt: 1372
  • Dining Room: Dining Areas, Eat In Kitchen
  • Family Room: 1st Floor
  • Other Rooms: 3 Season
  • Included Items: Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 1403
  • Total Sq Ft: 1403

Exterior Features

  • Fence Type: Chain Link
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Garage: 2 Detached

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.2260
  • Lot S F: 9847
  • Lot Size: 74X132
  • Assessor Parcel Number: 01001125000000
  • Zoning: Res

Green Features

  • Additional Green Features: No
  • ENERGYSTAR qualified New Home: No
  • HERS Rating: No
  • Leed For Homes: No
  • Solar: No

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 3428.00
  • Net Taxes: 3428.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2021
Closed on
Dec 10, 2021
Sold by
Johnson Robert Allen and Johnson Lois Lorraine
Bought by
Art Vandelay Industries Llc
Seller's Agent
Jennifer Farrell
RE/MAX Concepts
Buyer's Agent
Jennifer Farrell
RE/MAX Concepts
List Price
$210,000
Sold Price
$190,000
Premium/Discount to List
-$20,000
-9.52%
Total Days on Market
66
Current Estimated Value
$232,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,059
Avg. Annual Appreciation
6.25%
Original Mortgage
$152,000
Outstanding Balance
$145,643
Interest Rate
3.14%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$88,844
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Art Vandelay Industries Llc $190,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Art Vandelay Industries Llc $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2021 12/10/21 Sold $190,000 -9.5% $135 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
10/05/2021 10/05/21 For Sale $210,000 -- $150 / 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 $4,216 $214,300 $24,300 $190,000
2023 $3,938 $214,300 $24,300 $190,000
2022 $3,698 $167,100 $19,800 $147,300
2021 $3,428 $167,100 $19,800 $147,300
2020 $3,556 $146,000 $17,200 $128,800
2019 $3,400 $146,000 $17,200 $128,800
2018 $3,360 $135,000 $15,500 $119,500
2017 $3,142 $135,000 $15,500 $119,500
2016 $3,056 $124,700 $14,100 $110,600
2015 $3,056 $124,700 $14,100 $110,600
2014 $2,886 $129,100 $14,200 $114,900
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Farrell

    Seller's Agent in 2021

    Jennifer Farrell

    RE/MAX

    (515) 779-7500

    12 in this area

    397 Total Sales

    Jennifer Farrell
    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 639006

Des Moines Area Association of REALTORS®

APN: 010-01125000000

Iowa Polk County Des Moines 50315 Indianola Hills

408 E Gray St, Des Moines, IA

This home is located at 408 E Gray St, Des Moines, IA 50315 since 05 October 2021 and is currently estimated at $232,059, approximately $165 per square foot. This property was built in 1955. 408 E Gray St is a home located in Polk County with nearby schools including McKinley Elementary School, Weeks Middle School, and Lincoln 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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