NOT LISTED FOR SALE

Estimated Value: $250,000 - $280,000

-- Bed
1 Bath
1,510 Sq Ft
$176/Sq Ft Est. Value

Last Sold January 17, 2023

Last sale price $245,000 $162 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,866/month

2 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Forced Air Heating and Cooling System
  • Ranch Style House
  • Laundry Room

About This Home

As of January 2023

Opportunity awaits in this ranch duplex conveniently located in the Merle Hay Mall area; close to many amenities and easy interstate access! Live in one side and rent out the other or rent out both sides for additional income. A great investment! The vacant side includes new carpet and paint. The other, a 5 year long-time tenant (month-to month). Each side includes 2 bedrooms, full bath, separate basement, and separate driveway. Rental certificate is good through 7/2024. Separate meters and tenant paid gas/water/electric. New roof/gutters 2019. Don’t let this one pass you by!

Last Listed By

Kelly Glawe

Iowa Realty South Listed on: 11/16/2022

Iowa Realty South

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,570

Year Built

  • Built in 1977

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 81x140

Home Design

  • 1,510 Sq Ft Home
  • Duplex
  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation

Additional Features

  • 2 Kitchens
  • 1 Full Bathroom
  • Laundry Room
  • Forced Air Heating and Cooling System
  • Unfinished Basement

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 10000700000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,570

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Duplex, Ranch
  • Lp Amt Sq Ft: 158.94
  • Sp Amt Sq Ft: 162.25
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 2
  • Disposals: 2
  • Refrigerators: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Second Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1510
  • Kitchens: 2
  • Laundry: Yes
  • Storage: No
  • Living Area Sq Ft: 1510
  • Total Sq Ft: 1510

Exterior Features

  • Exterior: Brick
  • Foundation: Concrete Block
  • Paved: Yes

Utilities

  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.2610
  • Lot S F: 11367
  • Lot Size: 81X140
  • Assessor Parcel Number: 10000700000000
  • Zoning: Res

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Insurance Landlord, Misc Exp Landlord, Water Tenant

Tax Info

  • Gross Taxes: 4570.00
  • Net Taxes: 4570.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2022
Closed on
Jan 13, 2023
Sold by
Bartlett Timothy R and Bartlett Tammy J
Bought by
Budi Joshua and Daghighi Amin
Seller's Agent
Kelly Glawe
Iowa Realty South
Buyer's Agent
Christian Stewart
RE/MAX Concepts
List Price
$240,000
Sold Price
$245,000
Premium/Discount to List
$5,000
2.08%
Total Days on Market
2
Views
6
Current Estimated Value
$265,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,516
Avg. Annual Appreciation
3.47%
Original Mortgage
$240,562
Outstanding Balance
$234,059
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$31,457

Purchase Details

Listed on
Dec 15, 2014
Closed on
Feb 4, 2015
Sold by
Oceanside Property Llc
Bought by
Bartlett Timothy R and Bartlett Tammy J
Seller's Agent
Rick Bratrud
Iowa Realty Mills Crossing
Buyer's Agent
Lea Sundeen
Iowa Realty South
List Price
$159,000
Sold Price
$150,000
Premium/Discount to List
-$9,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.37%
Original Mortgage
$80,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2010
Sold by
West Bank
Bought by
Oceanside Properties Llc

Purchase Details

Closed on
Apr 27, 2010
Sold by
Kees Property Systems Llc
Bought by
West Bank

Purchase Details

Closed on
Oct 20, 2005
Sold by
Erickson Family Lc
Bought by
Kees Property Systems Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,050
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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List Price
Sold Price
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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
Budi Joshua $245,000 --
Bartlett Timothy R $150,000 None Available
Oceanside Properties Llc $94,500 None Available
West Bank -- None Available
Kees Property Systems Llc $139,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Budi Joshua $240,562
Previous Owner Bartlett Timothy R $80,000
Previous Owner Kees Property Systems Llc $195,000
Previous Owner Kees Property Systems Llc $139,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2023 01/17/23 Sold $245,000 +2.1% $162 / Sq Ft
11/18/2022 11/18/22 Pending -- -- --
11/16/2022 11/16/22 For Sale $240,000 +60.0% $159 / Sq Ft
02/10/2015 02/10/15 Sold $150,000 -5.7% $99 / Sq Ft
02/09/2015 02/09/15 Pending -- -- --
12/15/2014 12/15/14 For Sale $159,000 -- $105 / 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 $4,564 $232,000 $42,300 $189,700
2023 $4,606 $232,000 $42,300 $189,700
2022 $4,570 $195,400 $37,200 $158,200
2021 $4,520 $195,400 $37,200 $158,200
2020 $4,696 $181,100 $34,700 $146,400
2019 $4,302 $181,100 $34,700 $146,400
2018 $4,260 $160,100 $30,400 $129,700
2017 $3,916 $160,100 $30,400 $129,700
2016 $3,816 $144,800 $27,200 $117,600
2015 $3,816 $144,800 $27,200 $117,600
2014 $3,364 $131,400 $24,300 $107,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 663853

Des Moines Area Association of REALTORS®

APN: 100-00700000000