NOT LISTED FOR SALE

4716 SE 3rd St Des Moines, IA 50315

South Central DSM Neighborhood

Estimated Value: $204,000 - $241,000

4 Beds
2 Baths
1,645 Sq Ft
$138/Sq Ft Est. Value

Last Sold May 02, 2016

Last sale price $109,000 $66 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $1,566/month

99 Days on Market

Highlights

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

About This Home

As of May 2016

Excellent addition to your real estate investment portfolio! Duplex - each unit 2 BR, 1 BA. Both units presently occupied and never vacant for more than a few weeks. Good location on the corner of E. McKinley Avenue and SE 3rd Street in South Des Moines. Newer asphalt roof and Masonite hardboard siding in 2008. Newer furnaces in both units within 10-12 years. Newer hot water heaters within 3 years. Electric laundry hookups. Each unit on separate electric and water meters; tenants pay all utilities. Tenants also responsible for snow removal and lawn care. 20 year guaranty (approx. 10 years remaining) on anchored walls in basement. Good cash flow with CAP rate of approx. 10%. Call for appointment!

Last Agent to Sell the Property

Jim Siebersma

RE/MAX Precision Listed on: 07/06/2015

Last Buyer's Agent

Betsy Haas-Reineck

LPT Realty, LLC

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.32

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • Storage
  • Laundry Room
  • 2 Kitchens
  • Unfinished Basement

Additional Features

  • 0.32 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 12004472122000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $298
  • Gross Income $1,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Disposals: 1
  • Refrigerators: 2
  • Stoves Total: 2
  • Full Bathrooms: 1
  • Basement Description: Unfinished
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes

Exterior Features

  • Exterior: Brick, See Remarks
  • Foundation: Concrete Block
  • Paved: Yes
  • Sidewalk: 1

Garage/Parking

  • Off Street Parking: Yes

Utilities

  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: 1

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Fee Information

  • Total Expense: 298

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.3200
  • Qualifier Acres: More or Less
  • Lot S F: 13923
  • Assessor Parcel Number: 12004472122000
  • Zoning: R-2

Rental Info

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

Tax Info

  • Gross Taxes: 3078.00
  • Net Taxes: 3078.00
  • Assessor Parcel Number: 4716SE3RDSTPOLKDESMOINE50315
  • Tax Year: 2016

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2015
Closed on
Apr 15, 2016
Sold by
Peters David B and Peters Cathleen J
Bought by
Nrl Properties Llc
Seller's Agent
Jim Siebersma
RE/MAX Precision
Buyer's Agent
Betsy Haas-Reineck
LPT Realty, LLC
List Price
$134,900
Sold Price
$109,000
Premium/Discount to List
-$25,900
-19.2%
Current Estimated Value
$226,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,983
Avg. Annual Appreciation
7.85%

Purchase Details

Closed on
Oct 5, 2001
Sold by
Core Corp
Bought by
Peters David B and Peters Cathleen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Interest Rate
6.99%
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
Nrl Properties Llc $109,000 None Available
Peters David B $96,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Nrl Properties Llc $0
Previous Owner Peters David B $97,500
Previous Owner Peters David B $112,000
Previous Owner Peters David B $87,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2016 05/02/16 Sold $109,000 -19.2% $66 / Sq Ft
10/13/2015 10/13/15 Pending -- -- --
07/06/2015 07/06/15 For Sale $134,900 -- $82 / 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 $3,756 $190,900 $37,600 $153,300
2023 $3,756 $190,900 $37,600 $153,300
2022 $3,728 $159,400 $32,900 $126,500
2021 $3,610 $159,400 $32,900 $126,500
2020 $3,752 $144,700 $29,700 $115,000
2019 $3,613 $144,700 $29,700 $115,000
2018 $3,472 $127,100 $25,500 $101,600
2017 $3,414 $127,100 $25,500 $101,600
2016 $3,326 $126,200 $23,700 $102,500
2015 $3,326 $126,200 $23,700 $102,500
2014 $3,194 $120,200 $22,200 $98,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jim Siebersma

    RE/MAX

    Section Image
  • Betsy Haas-Reineck

    Buyer's Agent in 2016

    Betsy Haas-Reineck

    LPT Realty, LLC

    (515) 229-2780

    1 in this area

    152 Total Sales

    Betsy Haas-Reineck
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 457801

Des Moines Area Association of REALTORS®

APN: 120-04472122000

Iowa Polk County Des Moines 50315 South Central DSM

4716 SE 3rd St, Des Moines, IA

This home is located at 4716 SE 3rd St, Des Moines, IA 50315 since 06 July 2015 and is currently estimated at $226,983, approximately $137 per square foot. This property was built in 1968. 4716 SE 3rd St is a home located in Polk County with nearby schools including South Union Elementary School, Weeks Middle School, and Lincoln High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Des Moines Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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