NOT LISTED FOR SALE

451 N 10th St Unit 453 Adel, IA 50003

Estimated Value: $340,000 - $657,547

-- Bed
2 Baths
2,904 Sq Ft
$149/Sq Ft Est. Value

Last Sold April 03, 2020

Last sale price $245,000 $84 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,853/month

65 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Carpet
  • ADM Middle School Rated A-
  • Forced Air Heating and Cooling System
  • 4-minute walk to Kinnick-Feller Riverside Park

About This Home

As of April 2020

A great investment opportunity ready for a new landlord. One of the units is currently vacant for easy showings to see the layout. The other unit has life long tenants. They are both handicap accessible. They are very spacious units. The bonus is there are two additional lots (.54 acres) that are included with this multi-family. The opportunities are endless with this investment purchase.

Last Agent to Sell the Property

Bryan Curtis

Attain RE Listed on: 12/17/2019

Last Buyer's Agent

Maggie Martin

Keller Williams Realty GDM

Keller Williams Realty GDM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,305

Year Built

  • Built in 2009

Lot Details

  • 0.28

Parking

  • Gravel Driveway

Home Design

  • 2,904 Sq Ft Home
  • Duplex
  • Asphalt Shingled Roof
  • Vinyl Siding

Kitchen

  • 2 Kitchens
  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Additional Features

  • 2 Bathrooms
  • Laundry on main level
  • 0.28 Acre Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1129327009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,305

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Duplex
  • Lp Amt Sq Ft: 91.25
  • Sp Amt Sq Ft: 84.37
  • Termite: Follow Showing Instructions
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 2
  • Disposals: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: 1st Flr Laundry, Carpeting, Laminate Floors
  • Total Bathrooms: 2.00
  • Partial Bath Total: 2
  • Kitchens: 2
  • Included Items: Dishwasher, Refrigerator, Stove
  • Living Area Sq Ft: 2904
  • Partial Bathrooms: 2
  • Total Sq Ft: 2904

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Poured
  • Roof: Asphalt Shingle
  • Street Feature: Gravel

Garage/Parking

  • Driveway: Gravel

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Adel-Desoto-Minburn

Lot Info

  • Acres: 0.2800
  • Lot S F: 12327
  • Assessor Parcel Number: 1129327009
  • Zoning: R

Rental Info

  • Furnished: No
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Tenant, Insurance Tenant, Misc Exp Landlord, Taxes Owner, Water Tenant

Tax Info

  • Gross Taxes: 4304.59
  • Net Taxes: 4304.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adel-Desoto-Minburn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2019
Closed on
Apr 1, 2020
Sold by
Cash Flow Adel Llc
Bought by
Ward Douglas A and Ward Janel L
Seller's Agent
Bryan Curtis
Attain RE
Buyer's Agent
Maggie Martin
Keller Williams Realty GDM
List Price
$265,000
Sold Price
$245,000
Premium/Discount to List
-$20,000
-7.55%
Total Days on Market
65
Current Estimated Value
$432,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,887
Avg. Annual Appreciation
12.24%
Original Mortgage
$183,750
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2017
Sold by
Cvb Enterprises Llc
Bought by
Cash Flow Adel Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
4.19%
Mortgage Type
Commercial
Source: Public Records

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
Ward Douglas A $450,000 None Available
Cash Flow Adel Llc $415,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zzz Rentals Llc $151,720
Closed Ward Douglas A $183,750
Previous Owner Cash Flow Adel Llc $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2020 04/03/20 Sold $245,000 -7.5% $84 / Sq Ft
02/20/2020 02/20/20 Pending -- -- --
12/17/2019 12/17/19 For Sale $265,000 -- $91 / 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
2023 $5,070 $290,470 $24,660 $265,810
2022 $4,228 $254,070 $24,660 $229,410
2021 $4,228 $213,660 $24,660 $189,000
2020 $4,172 $199,720 $24,660 $175,060
2019 $4,304 $199,720 $24,660 $175,060
2018 $4,304 $197,060 $24,660 $172,400
2017 $3,888 $197,060 $24,660 $172,400
2016 $4,282 $181,130 $23,180 $157,950
2015 $4,296 $202,950 $0 $0
2014 $4,296 $202,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 596278

Des Moines Area Association of REALTORS®

APN: 11-29-327-009