NOT LISTED FOR SALE

Estimated Value: $180,246 - $274,000

-- Bed
3 Baths
2,056 Sq Ft
$101/Sq Ft Est. Value

Last Sold October 21, 2021

Last sale price $231,000 $112 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,554/month

43 Days on Market

Highlights

  • 2 Kitchens
  • Laundry Room
  • Forced Air Heating and Cooling System
  • No HOA
  • Storage

About This Home

As of October 2021

Check out this investment property on Des Moines Northwest Side. This Split Foyer is side by side duplex and has great income potential to the right buyer. 4612 has three bedrooms, one full and 1 partial bath, plus two car garage. 4614 has two bedrooms and 1 full bath. Both units have their own living rooms, kitchens and laundry. Both are currently rented out. Tenants pay all utilities and they are responsible for yard maintenance and snow removal. Owner pays taxes and insurance. Unit 4614’s a/c was replaced July 2021. Assessors pages says there are basements however there are no basements and this is on a slab. Being sold AS-IS and is priced accordingly.

Last Listed By

Robert Eisenlauer

RE/MAX Revolution Listed on: 08/16/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,189

Year Built

  • 1967

Lot Details

  • 8,500 Sq Ft Lot
  • Lot Dimensions are 69 x 125

Home Design

  • Duplex
  • Block Foundation
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,056 Sq Ft Home
  • Storage

Kitchen

  • 2 Kitchens
  • Stove
  • Dishwasher

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Driveway

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 100/10509-000-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $5,761
  • Gross Income $22,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,189

Year Built

1967

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Duplex
  • Lp Amt Sq Ft: 107.00
  • Sp Amt Sq Ft: 112.35
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1967

Interior Features

  • Dishwashers: 2
  • Disposals: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 1
  • Third Floor Full Bathrooms: 1
  • Partial Bath Total: 1
  • Basement Description: Slab
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes
  • Included Items: Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 2056
  • Partial Bathrooms: 1
  • Total Sq Ft: 2056

Exterior Features

  • Exterior: Frame
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Sidewalk: y
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete
  • Garage: 2 Detached
  • Off Street Parking: yes

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Fee Information

  • Total Expense: 5761

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1950
  • Lot S F: 8500
  • Lot Size: 69 X 125
  • Assessor Parcel Number: 100/10509-000-000
  • Zoning: N4

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Tenant, Taxes Owner, Water Landlord, Water Tenant

Tax Info

  • Gross Taxes: 5189.00
  • Net Taxes: 5189.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2021
Closed on
Oct 5, 2021
Sold by
Hagan Karen and Hagan Leon D
Bought by
Thomas Frank E
Seller's Agent
Robert Eisenlauer
RE/MAX Revolution
Buyer's Agent
Darson Grantham
Keller Williams Realty GDM
List Price
$220,000
Sold Price
$231,000
Premium/Discount to List
$11,000
5%
Total Days on Market
43
Current Estimated Value
$208,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,438
Avg. Annual Appreciation
-2.34%
Original Mortgage
$173,250
Outstanding Balance
$159,692
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$52,522

Purchase Details

Closed on
Dec 31, 2012
Sold by
Proto Properties L L C
Bought by
Hagen Karen G

Purchase Details

Closed on
Jul 31, 2007
Sold by
Cox Robert W and Cox Lynda
Bought by
Hagan Stephen and Hagan Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2002
Sold by
Ryan Steven P and Ryan Tamara L
Bought by
Cox Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,400
Interest Rate
6.18%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 27, 2002
Sold by
Weckman David L and Comito Barbara
Bought by
Ryan Steven P and Ryan Tamara L

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
Thomas Frank E $231,000 None Available
Hagen Karen G $175,000 None Available
Hagan Stephen $159,500 Itc
Cox Robert W $130,000 --
Ryan Steven P $114,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Frank E $173,250
Previous Owner Hagan Stephen $144,000
Previous Owner R L Property Management Lc $20,000
Previous Owner Cox Robert W $104,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2021 10/21/21 Sold $231,000 +5.0% $112 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $220,000 -- $107 / 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 $4,642 $236,000 $47,900 $188,100
2023 $4,606 $236,000 $47,900 $188,100
2022 $4,570 $195,400 $41,700 $153,700
2021 $4,502 $195,400 $41,700 $153,700
2020 $4,676 $180,400 $38,300 $142,100
2019 $4,316 $180,400 $38,300 $142,100
2018 $4,272 $160,600 $33,400 $127,200
2017 $3,976 $160,600 $33,400 $127,200
2016 $3,874 $147,000 $30,400 $116,600
2015 $3,874 $147,000 $30,400 $116,600
2014 $3,438 $129,400 $26,300 $103,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 635531

Des Moines Area Association of REALTORS®

APN: 100-10509000000