4131 55th St Des Moines, IA 50310
Merle Hay Neighborhood
--
Bed
3
Baths
2,643
Sq Ft
8,400
Sq Ft Lot
Highlights
- 2 Kitchens
- Laundry Room
- Forced Air Heating System
- No HOA
About This Home
As of August 2024PRICE SLASHED!! Owner Retiring. This duplex might be the best buy out there. Nestled among single family homes in the Merle Hay area, this unique duplex is a great income producer. One side has 2 bedrooms 1 bath with 2nd floor laundry. The other side has 4 bedrooms, 2 baths, basement storage, and laundry facilities off garage. Believe it or not, the rent from the 4 bedroom unit covers your PITI so you can live in the 2 BR side for practically nothing. The tenants pay their own utilities except for water and sewer. Large 2 car attached garage and fenced yard. Needs a little TLC but priced $49,000 BELOW assessed value!!
Last Agent to Sell the Property
Tom Casey
Key Realty Listed on: 10/02/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 8,400 Sq Ft Lot
- Lot Dimensions are 60x140
Home Design
- Block Foundation
- Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 2,643 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Crawl Space
- Laundry Room
Kitchen
- 2 Kitchens
- Stove
- Dishwasher
Parking
- 2 Car Attached Garage
- Gravel Driveway
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number 10000594000000
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Gross Income $1,850
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 31, 2024
Closed on
Aug 29, 2024
Sold by
Stone Matthew and Stone Emily
Bought by
Kuda B Llc
Seller's Agent
Elizabeth Keller
CHASE Collective
Buyer's Agent
Jordan Jackson
RE/MAX Revolution
List Price
$255,000
Sold Price
$255,000
Views
2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.34%
Original Mortgage
$191,250
Outstanding Balance
$189,568
Interest Rate
6.77%
Mortgage Type
Credit Line Revolving
Estimated Equity
$51,460
Purchase Details
Listed on
Nov 10, 2020
Closed on
Apr 23, 2021
Sold by
Druppel Investments Llc
Bought by
Stone Matthew
Seller's Agent
Stephanie Anania
RE/MAX Revolution
Buyer's Agent
Elizabeth Keller
CHASE Collective
List Price
$210,000
Sold Price
$200,000
Premium/Discount to List
-$10,000
-4.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.54%
Original Mortgage
$150,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 20, 2018
Sold by
Smiker Properties Llc
Bought by
Druppel Joseph
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,200
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Listed on
Oct 2, 2015
Closed on
Apr 13, 2016
Sold by
Ellingson Don and Ellingson Shirley
Bought by
Smiker Properties Llc
Seller's Agent
Tom Casey
Key Realty
Buyer's Agent
OUTSIDE AGENT
OTHER
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.35%
Original Mortgage
$97,750
Interest Rate
3.73%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 29, 2004
Sold by
Davis Robert D and Davis Doreen A C
Bought by
Ellingson Don E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
5.5%
Mortgage Type
Commercial
Similar Home 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 | $255,000 | None Listed On Document | |
| Warranty Deed | $200,000 | First American Mortgage Sln | |
| Warranty Deed | $130,000 | None Available | |
| Warranty Deed | $115,000 | None Available | |
| Warranty Deed | $137,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $191,250 | Credit Line Revolving | |
| Previous Owner | $150,000 | New Conventional | |
| Previous Owner | $160,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $83,200 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $97,750 | Commercial | |
| Previous Owner | $97,750 | Commercial | |
| Previous Owner | $118,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2025 07/03/25 | For Sale | $275,000 | +7.8% | $104 / Sq Ft |
| 08/30/2024 08/30/24 | Sold | $255,000 | 0.0% | $96 / Sq Ft |
| 08/04/2024 08/04/24 | Pending | -- | -- | -- |
| 07/31/2024 07/31/24 | For Sale | $255,000 | +27.5% | $96 / Sq Ft |
| 04/30/2021 04/30/21 | Sold | $200,000 | -4.8% | $76 / Sq Ft |
| 04/23/2021 04/23/21 | Pending | -- | -- | -- |
| 11/10/2020 11/10/20 | For Sale | $210,000 | +82.6% | $79 / Sq Ft |
| 04/18/2016 04/18/16 | Sold | $115,000 | -8.0% | $44 / Sq Ft |
| 04/18/2016 04/18/16 | Pending | -- | -- | -- |
| 10/02/2015 10/02/15 | For Sale | $125,000 | -- | $47 / 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 | $4,514 | $229,500 | $41,500 | $188,000 |
| 2023 | $4,374 | $229,500 | $41,500 | $188,000 |
| 2022 | $4,340 | $185,600 | $36,500 | $149,100 |
| 2021 | $4,360 | $185,600 | $36,500 | $149,100 |
| 2020 | $4,788 | $174,700 | $34,000 | $140,700 |
| 2019 | $4,838 | $174,700 | $34,000 | $140,700 |
| 2018 | $4,788 | $180,000 | $29,800 | $150,200 |
| 2017 | $4,438 | $180,000 | $29,800 | $150,200 |
| 2016 | $4,324 | $164,100 | $26,700 | $137,400 |
| 2015 | $4,324 | $164,100 | $26,700 | $137,400 |
| 2014 | $3,908 | $147,100 | $23,800 | $123,300 |
Source: Public Records
Agents Affiliated with this Home
-
Jordan Jackson
J
Seller's Agent in 2025
Jordan Jackson
RE/MAX
(515) 988-6176
1 in this area
27 Total Sales
-
Alice Winders
Seller Co-Listing Agent in 2025
Alice Winders
RE/MAX
(515) 771-2329
1 in this area
57 Total Sales
-
Elizabeth Keller
Seller's Agent in 2024
Elizabeth Keller
CHASE Collective
(515) 423-5607
10 in this area
304 Total Sales
-
Stephanie Anania
Seller's Agent in 2021
Stephanie Anania
RE/MAX Revolution
(515) 865-1335
4 in this area
250 Total Sales
-
Liz Prue
Buyer's Agent in 2021
Liz Prue
RE/MAX
(515) 423-5607
9 in this area
179 Total Sales
-
T
Seller's Agent in 2016
Tom Casey
Key Realty
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 505245
APN: 100-00594000000
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