NOT LISTED FOR SALE

501 SW State St Ankeny, IA 50023

Southwest Ankeny Neighborhood

Estimated Value: $259,000 - $316,000

-- Bed
2 Baths
1,560 Sq Ft
$181/Sq Ft Est. Value

Last Sold March 13, 2018

Last sale price $220,000 $141 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,882/month

25 Days on Market

Highlights

  • 2 Kitchens
  • Ranch Style House
  • Laundry Room
  • Prairie Ridge Middle School Rated A
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of March 2018

Don't miss out on owning an excellent investment property with this duplex in Ankeny! This duplex is perfectly located in the middle of Ankeny appealing to renters wanting to live any were in the Ankeny area. There is a large opportunity to increase rents by adding 1 or 2 more bedrooms in the basement. Some mechanical are new, updated kitchens, new siding and are in great condition. This is perfect for new investors due to how easy it is to manage or could be a great addition to an existing portfolio.

Last Agent to Sell the Property

Michael Petersen

Realty ONE Group Impact Listed on: 01/12/2018

Realty ONE Group Impact

Last Buyer's Agent

Lisa McDaniel

RE/MAX Concepts

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,469

Year Built

  • Built in 1962

Lot Details

  • 0.3

Parking

  • Driveway

Home Design

  • 1,560 Sq Ft Home
  • Ranch Style House
  • Asphalt Shingled Roof
  • Vinyl Siding

Kitchen

  • 2 Kitchens
  • Stove
  • Microwave
  • Dishwasher

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • 2 Full Bathrooms
  • 13,041 Sq Ft Lot
  • Forced Air Heating and Cooling System
  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 18100812-083-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $1,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,469

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 155.45
  • Sp Amt Sq Ft: 141.03
  • Termite: Call Listing Agent
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 2
  • Disposals: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1560
  • Kitchens: 2
  • Laundry: Yes
  • Storage: No
  • Included Items: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 1560
  • Total Sq Ft: 1560

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Poured
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Sidewalk: Y
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete

Utilities

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

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Schools

  • School District: Ankeny

Lot Info

  • Acres: 0.2290
  • Lot S F: 13041
  • Lot Shape: Regular
  • Assessor Parcel Number: 18100812-083-000
  • Zoning: R-2

Rental Info

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

Tax Info

  • Gross Taxes: 3469.00
  • Net Taxes: 3469.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Ankeny

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2018
Closed on
Mar 12, 2018
Sold by
Bugbee Holdings Llc
Bought by
Godina Juan and Nguyen Vanny
Seller's Agent
Michael Petersen
Realty ONE Group Impact
Buyer's Agent
Lisa McDaniel
RE/MAX Concepts
List Price
$250,000
Sold Price
$220,000
Premium/Discount to List
-$30,000
-12%
Current Estimated Value
$282,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,139
Avg. Annual Appreciation
3.69%
Original Mortgage
$160,000
Outstanding Balance
$138,088
Interest Rate
4.22%
Mortgage Type
New Conventional
Estimated Equity
$150,205

Purchase Details

Closed on
Sep 5, 2017
Sold by
Bugee Adam R and Bugbee Haile
Bought by
Bugbee Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2017
Sold by
Dhk Investments Llc
Bought by
Bugbee Adam R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
4.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 2013
Sold by
Pficut Partners Llc
Bought by
Dhk Investments Llc

Purchase Details

Closed on
Feb 3, 2005
Sold by
Albaugh Matt and Stowe Albaugh Renee
Bought by
Perficut Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2004
Sold by
Ostroot Mark C and Ostroot Sylvia M
Bought by
Albaugh Matt and Stowe Albaugh Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
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
Godina Juan $220,000 None Available
Bugbee Holdings Llc -- --
Bugbee Adam R $222,500 None Available
Dhk Investments Llc $117,500 None Available
Perficut Partners Llc $144,500 --
Albaugh Matt $124,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Godina Juan $160,000
Previous Owner Bugbee Holdings Llc $48,000
Previous Owner Bugbee Adam R $161,250
Previous Owner Dhk Investments Llc $112,037
Previous Owner Perficut Partners Llc $100,000
Previous Owner Perficut Partners Llc $130,500
Previous Owner Albaugh Matt $133,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2018 03/13/18 Sold $220,000 -12.0% $141 / Sq Ft
02/06/2018 02/06/18 Pending -- -- --
01/12/2018 01/12/18 For Sale $250,000 -- $160 / 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 $4,168 $244,500 $69,300 $175,200
2023 $4,098 $244,500 $69,300 $175,200
2022 $4,054 $197,700 $58,200 $139,500
2021 $3,890 $197,700 $58,200 $139,500
2020 $3,840 $178,900 $53,000 $125,900
2019 $3,660 $178,900 $53,000 $125,900
2018 $3,270 $162,500 $47,700 $114,800
2017 $3,164 $145,500 $47,700 $97,800
2016 $3,164 $132,700 $42,900 $89,800
2015 $3,164 $132,700 $42,900 $89,800
2014 $2,866 $117,500 $37,400 $80,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Michael Petersen

    Realty ONE Group Impact

    Section Image

  • L

    Buyer's Agent in 2018

    Lisa McDaniel

    RE/MAX

    2 in this area

    51 Total Sales

    Lisa McDaniel
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 553448

Des Moines Area Association of REALTORS®

APN: 181-00812083000

Iowa Polk County Ankeny 50023 Southwest Ankeny

501 SW State St, Ankeny, IA

This home is located at 501 SW State St, Ankeny, IA 50023 since 12 January 2018 and is currently estimated at $282,139, approximately $180 per square foot. This property was built in 1962. 501 SW State St is a home located in Polk County with nearby schools including Northwest Elementary School, Prairie Ridge Middle School, and Northview Middle 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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