NOT LISTED FOR SALE

507 E Locust St Unit 205 Des Moines, IA 50309

East Village Neighborhood

Estimated Value: $134,000 - $172,000

-- Bed
1 Bath
539 Sq Ft
$293/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $134,000 $249 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,209/month

36 Days on Market

Highlights

  • Shades
  • Security Service
  • Family Room
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • 3-minute walk to The People's Plaza

About This Home

As of July 2020

Gorgeous Historic East Village Studio! This open concept studio loft offers tons of character with exposed brick, high ceilings, lofted bed area, custom built in ladder & bookshelf & more. Entering you'll find the open kitchen with all appliances included, a peninsula island, & updated flooring. The great room has an incredible natural light with large windows overlooking the East Village. On the corner of the family room you'll find a ladder to the lofted bed space with an office area underneath. The updated bathroom has new flooring & vanity & walk in closet. There is plenty of storage with the coat closet by the front door & extra storage lofted above the bathroom. The HOA has low dues at $178 per month which covers exterior & building maintenance, water, trash, & laundry just down the hall. All of this wrapped up in a convenient location in the heart of the East Village surrounded by great boutique retail, local restaurants, live music, & plenty of events throughout the year.

Last Agent to Sell the Property

James Von Gillern

RE/MAX Concepts Listed on: 06/15/2020

RE/MAX Concepts

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,804

Year Built

  • Built in 1900

HOA Fees

  • $178 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • 1 Full Bathroom
  • 539 Sq Ft Home
  • Shades
  • Family Room

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04000614009000

Community Details

Overview

  • Hubbell Property Management Association, Phone Number (515) 280-2014

Security

  • Security Service
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,804

Year Built

Built in 1900

Lot Details

0

HOA Fees

$178 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Condo-Townhome
  • Style: Apartment Style
  • Lp Amt Sq Ft: 267.16
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 248.61
  • Termite: Follow Showing Instructions
  • Unit: 205
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Cable TV, Carpeting, Fire Alarm, Shades/Shutters, Smoke Detector, Vinyl Floors
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Dining Room: Eat In Kitchen
  • Family Room: 1st Floor
  • Included Items: Dishwasher, Microwave, Refrigerator, Stove
  • Living Area Sq Ft: 539
  • Total Sq Ft: 539

Exterior Features

  • Exterior: Brick
  • Foundation: Brick
  • Roof: Rubber
  • Street Feature: Asphalt, Public Sidewalk

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Services: Lawn Care, Security Services, See Remarks, Trash Service, Utilities

Condo/Co-op/Association

  • Association Fee: 178.0000
  • Association Fee Term: Month
  • Association Fee: Yes

Association/Amenities

  • HOA Name: Capital Village Lofts
  • Management Firm: Hubbell Property Management
  • Management Firm Phone: 515-280-2014

Schools

  • School District: Des Moines Independent

Green Features

  • Additional Green Features: No
  • ENERGYSTAR qualified New Home: No
  • HERS Rating: No
  • Leed For Homes: No
  • Solar: No

Lot Info

  • Assessor Parcel Number: 04000614009000
  • Zoning: C-3B

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 2804.00
  • Net Taxes: 2575.00
  • Tax Year: 2020

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2020
Closed on
Jul 20, 2020
Sold by
Ann Funke Elizabeth and Benett Funke Benett
Bought by
Kyle Gernhofer
Seller's Agent
James Von Gillern
RE/MAX Concepts
Buyer's Agent
Shana Wells
Weichert, Realtors®-Miller & C
List Price
$144,000
Sold Price
$134,000
Premium/Discount to List
-$10,000
-6.94%
Current Estimated Value
$157,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,691
Avg. Annual Appreciation
3.17%
Original Mortgage
$93,800
Outstanding Balance
$83,176
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$74,515

Purchase Details

Closed on
May 23, 2006
Sold by
East Village Investments Llc
Bought by
Knipp Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,750
Interest Rate
6.56%
Mortgage Type
Fannie Mae Freddie Mac
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
Kyle Gernhofer $134,000 None Available
Knipp Elizabeth A $107,000 Itc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kyle Gernhofer $93,800
Previous Owner Knipp Elizabeth A $96,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $134,000 -6.9% $249 / Sq Ft
07/21/2020 07/21/20 Pending -- -- --
06/15/2020 06/15/20 For Sale $144,000 -- $267 / 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
2025 $2,342 $140,100 $3,300 $136,800
2024 $2,342 $138,100 $3,300 $134,800
2023 $2,634 $138,100 $3,300 $134,800
2022 $2,610 $124,000 $3,000 $121,000
2021 $2,476 $124,000 $3,000 $121,000
2020 $2,566 $107,800 $2,600 $105,200
2019 $2,036 $107,800 $2,600 $105,200
2018 $2,010 $84,300 $2,400 $81,900
2017 $2,172 $84,300 $2,400 $81,900
2016 $506 $88,800 $2,500 $86,300
2015 $506 $88,800 $2,500 $86,300
2014 $468 $88,800 $2,500 $86,300
Source: Public Records

Agents Affiliated with this Home

  • James Von Gillern

    Seller's Agent in 2020

    James Von Gillern

    RE/MAX

    (515) 321-2595

    309 Total Sales

    James Von Gillern
    Section Image
  • Shana Wells

    Buyer's Agent in 2020

    Shana Wells

    Weichert, Realtors®-Miller & C

    (515) 650-0322

    148 Total Sales

    Shana Wells
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 607438

Des Moines Area Association of REALTORS®

APN: 040-00614009000

Iowa Polk County Des Moines 50309 East Village

507 E Locust St Unit 205, Des Moines, IA

This home is located at 507 E Locust St Unit 205, Des Moines, IA 50309 since 15 June 2020 and is currently estimated at $157,691, approximately $292 per square foot. This property was built in 1900. 507 E Locust St Unit 205 is a home located in Polk County with nearby schools including Carver Elementary School, Hiatt Middle School, and East 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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