4142 3rd St Des Moines, IA 50313
Highland Park NeighborhoodEstimated Value: $141,000
4
Beds
3
Baths
1,632
Sq Ft
$86/Sq Ft
Est. Value
Highlights
- 2 Kitchens
- Laundry Room
- Storage
About This Home
As of May 2014This property is ready to earn extra income for you! Duplex property has 2 units, main floor and 2nd floor, each with 2 bedrooms, bath, kitchen, dining space (kitchen appliances included) and laundry hook ups. Full basement is accessible for both units. Two car tuck under garage has been converted to a one car and workshop but could easily be returned back to a full 2 car. Upstairs unit has enclosure access from the exterior of the home. Window A/C for both units (not included), hot water heat paid by owner. Storm windows approximately 8 years old and new attic insulation. 2nd floor unit has had some recent updates. Concrete block foundation, dry basement. This home could use a little TLC but still has room to be a money maker. Both units are currently rented for a monthly income of $1375.00.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 6,350 Sq Ft Lot
Parking
- 1 Car Attached Garage
Home Design
- Block Foundation
Interior Spaces
- 2-Story Property
- Storage
- Laundry Room
- 2 Kitchens
- Unfinished Basement
Utilities
- Window Unit Cooling System
- Heat Pump System
Listing and Financial Details
- Assessor Parcel Number 07000901000000
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $275
- Gross Income $1,325
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 1, 2021
Sold by
Abe Property Solutions Llc
Bought by
Lara Manuel Cardona and Cardona Loren
Total Days on Market
77
Current Estimated Value
Purchase Details
Closed on
Mar 1, 2021
Sold by
Barker Financial Llc
Bought by
Abe Property Solutions Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7%
Mortgage Type
Land Contract Argmt. Of Sale
Purchase Details
Closed on
Feb 16, 2021
Sold by
Jlc Holdigns Inc
Bought by
Barker Financial Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7%
Mortgage Type
Land Contract Argmt. Of Sale
Purchase Details
Listed on
Mar 14, 2014
Closed on
May 30, 2014
Sold by
Lane Investments Llc
Bought by
Drj Investments Llc
Seller's Agent
Angela Meek
RE/MAX Concepts
Buyer's Agent
Stephanie Dart
RE/MAX Concepts
List Price
$99,900
Sold Price
$75,000
Premium/Discount to List
-$24,900
-24.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%
Purchase Details
Listed on
Mar 14, 2014
Closed on
May 29, 2014
Sold by
Page Keith A and Page Kathryn M
Bought by
Lane Investments Llc
Seller's Agent
Angela Meek
RE/MAX Concepts
Buyer's Agent
Stephanie Dart
RE/MAX Concepts
List Price
$99,900
Sold Price
$75,000
Premium/Discount to List
-$24,900
-24.92%
Purchase Details
Closed on
Oct 26, 2005
Sold by
Odegaard Leif A
Bought by
Page Keith and Page Kathryn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,560
Interest Rate
5.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 24, 2003
Sold by
Tjaden Rebecca
Bought by
Tjaden Bryan
Purchase Details
Closed on
Feb 22, 2000
Sold by
Archer George S and Archer Sandra R
Bought by
Odegaard Leif A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,655
Interest Rate
8.21%
Mortgage Type
Commercial
Purchase Details
Closed on
May 5, 1999
Sold by
Estate Of Martha I Bainbridge
Bought by
Archer George S and Archer Sandra R
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Similar Homes in Des Moines, IA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lara Manuel Cardona | $100,000 | None Available | |
| Abe Property Solutions Llc | $85,000 | None Available | |
| Abe Property Solutions Llc | $85,000 | None Available | |
| Barker Financial Llc | -- | None Available | |
| Drj Investments Llc | $80,000 | None Available | |
| Lane Investments Llc | $75,000 | None Available | |
| Page Keith | $96,000 | -- | |
| Tjaden Bryan | -- | -- | |
| Odegaard Leif A | $84,500 | -- | |
| Archer George S | $70,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cardona Loren | $800,000 | |
| Previous Owner | Abe Property Solutions Llc | $70,000 | |
| Previous Owner | Jlc Holdings Inc | $247,006 | |
| Previous Owner | Dr J Investments Llc | $435,000 | |
| Previous Owner | Page Keith | $76,560 | |
| Previous Owner | Odegaard Leif A | $80,655 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2014 05/30/14 | Sold | $75,000 | -24.9% | $46 / Sq Ft |
| 05/30/2014 05/30/14 | Pending | -- | -- | -- |
| 03/14/2014 03/14/14 | For Sale | $99,900 | -- | $61 / 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 | $3,500 | $177,900 | $25,000 | $152,900 |
| 2023 | $2,798 | $177,900 | $25,000 | $152,900 |
| 2022 | $2,776 | $118,700 | $21,700 | $97,000 |
| 2021 | $2,612 | $118,700 | $21,700 | $97,000 |
| 2020 | $2,714 | $104,700 | $18,900 | $85,800 |
| 2019 | $2,512 | $104,700 | $18,900 | $85,800 |
| 2018 | $2,488 | $93,500 | $16,400 | $77,100 |
| 2017 | $2,288 | $93,500 | $16,400 | $77,100 |
| 2016 | $2,230 | $84,600 | $14,800 | $69,800 |
| 2015 | $2,230 | $84,600 | $14,800 | $69,800 |
| 2014 | $2,870 | $108,000 | $15,000 | $93,000 |
Source: Public Records
Agents Affiliated with this Home
-
Angela Meek
Seller's Agent in 2014
Angela Meek
RE/MAX
(515) 577-7729
3 in this area
233 Total Sales
-
Stephanie Dart
Buyer's Agent in 2014
Stephanie Dart
RE/MAX
(641) 521-6044
1 in this area
146 Total Sales
-
Shane Torres
Buyer Co-Listing Agent in 2014
Shane Torres
RE/MAX
(515) 984-0222
9 in this area
686 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 431823
APN: 070-00901000000
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