NOT LISTED FOR SALE

505 E Mckinley Ave Des Moines, IA 50315

South Central DSM Neighborhood

Estimated Value: $237,404 - $274,000

-- Bed
2 Baths
1,518 Sq Ft
$171/Sq Ft Est. Value

Last Sold August 16, 2023

Last sale price $258,500 $170 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,768/month

8 Days on Market

Highlights

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

About This Home

As of August 2023

This is a true built duplex, both units have 3 beds and 2 bathrooms with almost 1250 sf. Two bedrooms and one bath on the main level, with a finished basement with a 3rd bedroom, ¾ bathroom and large 2nd living room. Both units also have a large storage area with laundry.

Both units rented and property is cash-flowing well. One unit was just leased for $1300. Other unit is still at $1100, but should be pushed to $1300 at renewal. Both units have been recently renovated. New Furnaces and ACs.

This duplex is about a mile from Hy-Vee Grocery, Target, Walmart, tons of restaurants. Blocks to the Elementary school, a mile from the middle school.

Tenants pay for all utilities and take care of the lawn care and snow removal, making this an easy and profitable investment.

Last Agent to Sell the Property

Chase Keller

CHASE Collective Listed on: 07/13/2023

Co-Listed By

Elizabeth Keller

CHASE Collective

Last Buyer's Agent

Sonia Gens

Iowa Realty Mills Crossing

Iowa Realty Mills Crossing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,932

Year Built

  • Built in 1982

Lot Details

  • 8,050 Sq Ft Lot
  • Lot Dimensions are 70x115

Home Design

  • 1,518 Sq Ft Home
  • Ranch Style House

Additional Features

  • 2 Kitchens
  • 2 Full Bathrooms
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 12003295202000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $877
  • Gross Income $2,470

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,932

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 164.69
  • Sp Amt Sq Ft: 170.29
  • Termite: Follow Showing Instructions
  • Year Built: 1982
  • 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
  • Third Floor Full Bathrooms: 2
  • Sq Ft Bsmt: 1472
  • Sq Ft Fin Bsmt: 920
  • Kitchens: 2
  • Living Area Sq Ft: 1518
  • Total Sq Ft: 1518

Exterior Features

  • Foundation: Poured

Utilities

  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Total Expense: 877

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1850
  • Lot S F: 8050
  • Lot Size: 70X115
  • Assessor Parcel Number: 12003295202000
  • Zoning: N3A

Tax Info

  • Gross Taxes: 3932.00
  • Net Taxes: 3932.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2023
Closed on
Aug 10, 2023
Sold by
Stone Matthew and Stone Emily
Bought by
Missoi Albert K
Seller's Agent
Chase Keller
CHASE Collective
Buyer's Agent
Sonia Gens
Iowa Realty Mills Crossing
List Price
$250,000
Sold Price
$258,500
Premium/Discount to List
$8,500
3.4%
Views
44
Current Estimated Value
$259,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,351
Avg. Annual Appreciation
-2.76%
Original Mortgage
$206,800
Outstanding Balance
$203,084
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$41,478

Purchase Details

Listed on
May 11, 2021
Closed on
Jul 8, 2021
Sold by
Cosimo Mary E
Bought by
Stone Matthew
Seller's Agent
David VanderEcken
VIA Group, REALTORS
Buyer's Agent
Elizabeth Keller
CHASE Collective
List Price
$185,000
Sold Price
$210,000
Premium/Discount to List
$25,000
13.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$157,500
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 1997
Sold by
Riley John C and Riley Kathleen R
Bought by
Cosimo Mary E
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Missoi Albert K $258,500 None Listed On Document
Stone Matthew $210,000 First American Mortgage Sln
Cosimo Mary E $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Missoi Albert K $206,800
Previous Owner Stone Matthew $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2023 08/16/23 Sold $258,500 +3.4% $170 / Sq Ft
07/21/2023 07/21/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $250,000 +19.0% $165 / Sq Ft
07/21/2021 07/21/21 Sold $210,000 +13.5% $138 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $185,000 -- $122 / 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 $4,144 $210,700 $31,700 $179,000
2023 $3,962 $210,700 $31,700 $179,000
2022 $3,932 $168,100 $26,900 $141,200
2021 $3,830 $168,100 $26,900 $141,200
2020 $3,980 $153,500 $24,400 $129,100
2019 $4,064 $180,700 $24,400 $156,300
2018 $4,022 $151,200 $19,700 $131,500
2017 $3,870 $151,200 $19,700 $131,500
2016 $3,770 $143,100 $18,500 $124,600
2015 $3,770 $143,100 $18,500 $124,600
2014 $3,826 $144,000 $18,500 $125,500
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Chase Keller

    CHASE Collective

    (319) 231-1160

    1 in this area

    24 Total Sales

    Section Image
  • Elizabeth Keller

    Seller Co-Listing Agent in 2023

    Elizabeth Keller

    CHASE Collective

    (515) 423-5607

    8 in this area

    299 Total Sales

    Section Image
  • Sonia Gens

    Buyer's Agent in 2023

    Sonia Gens

    Iowa Realty Mills Crossing

    (320) 522-2851

    1 in this area

    41 Total Sales

    Section Image

  • D

    Seller's Agent in 2021

    David VanderEcken

    VIA Group, REALTORS

    (515) 240-8888

    1 in this area

    30 Total Sales

    Section Image
  • Liz Prue

    Buyer's Agent in 2021

    Liz Prue

    RE/MAX

    (515) 423-5607

    5 in this area

    172 Total Sales

    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 678264

Des Moines Area Association of REALTORS®

APN: 120-03295202000

Iowa Polk County Des Moines 50315 South Central DSM

505 E Mckinley Ave, Des Moines, IA

This home is located at 505 E Mckinley Ave, Des Moines, IA 50315 since 13 July 2023 and is currently estimated at $259,851, approximately $171 per square foot. This property was built in 1982. 505 E Mckinley Ave is a home located in Polk County with nearby schools including Lovejoy Elementary School, Mccombs 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.

Nearby Homes