507 E Locust St Unit 210 Des Moines, IA 50309
East Village NeighborhoodEstimated payment $2,679/month
Highlights
- Ranch Style House
- Den
- Covered Deck
- Wood Flooring
- Shades
- 3-minute walk to The People's Plaza
About This Home
Experience the best of downtown living at Capitol Village Lofts, perfectly positioned in the heart of the Historic East Village—an Airbnb-friendly building allowing short-term rentals, offering exceptional income-producing potential and flexibility for investors or owner-occupants. This boutique mixed-use building features just 20 exclusive residential lofts above a vibrant mix of retail and commercial spaces, blending classic warehouse character with modern urban energy in one of Des Moines’ most desirable rental locations. This stunning 2-bedroom corner loft showcases dramatic exposed brick, soaring 14-foot ceilings, wraparound floor-to-ceiling windows, and hardwood floors that flood the space with natural light—features highly attractive to short-term and long-term renters alike. The open-concept layout includes a newly updated bathroom and new kitchen appliance package, seamlessly combining contemporary comfort with timeless architectural detail. Step outside to over 250 square feet of a covered outdoor terrace, a premium amenity for guests and residents. The building is pet friendly and located just steps from Des Moines’ top restaurants, bars, coffee shops, and downtown attractions, creating strong rental demand and a truly walkable, lock-and-leave lifestyle. A reserved, deeded parking space valued at $25,000 adds additional value and appeal, making this a rare opportunity for effortless, upscale city living and strong investment potential. HWA warranty included!
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $5,212
Year Built
- Built in 1900
HOA Fees
- $428 Monthly HOA Fees
Home Design
- Ranch Style House
- Brick Exterior Construction
- Brick Foundation
- Slab Foundation
- Rubber Roof
Interior Spaces
- 1,184 Sq Ft Home
- Shades
- Drapes & Rods
- Dining Area
- Den
- Home Security System
- Unfinished Basement
Kitchen
- Stove
- Microwave
- Dishwasher
Flooring
- Wood
- Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- 1 Car Detached Garage
- Driveway
Accessible Home Design
- Accessible Ramps
Outdoor Features
- Covered Deck
- Fire Pit
Utilities
- Forced Air Heating and Cooling System
- Municipal Trash
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 04000614014000
Community Details
Overview
- Front Yard Maintenance
- Hubbell Property Management Association
- On-Site Maintenance
Recreation
- Snow Removal
Security
- Security Service
- Fire and Smoke Detector
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,368 | $277,000 | $7,200 | $269,800 |
| 2024 | $5,368 | $272,900 | $7,100 | $265,800 |
| 2023 | $5,774 | $272,900 | $7,100 | $265,800 |
| 2022 | $5,730 | $245,000 | $6,400 | $238,600 |
| 2021 | $5,318 | $245,000 | $6,400 | $238,600 |
| 2020 | $5,524 | $213,100 | $5,600 | $207,500 |
| 2019 | $5,108 | $213,100 | $5,600 | $207,500 |
| 2018 | $4,826 | $190,100 | $5,200 | $184,900 |
| 2017 | $5,188 | $190,100 | $5,200 | $184,900 |
| 2016 | $1,616 | $200,300 | $5,500 | $194,800 |
| 2015 | $1,616 | $200,300 | $5,500 | $194,800 |
| 2014 | $1,536 | $200,300 | $5,500 | $194,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/23/2026 01/23/26 | For Sale | $349,999 | +4.0% | $296 / Sq Ft | |
| 09/23/2020 09/23/20 | Sold | $336,500 | -2.5% | $284 / Sq Ft | View Prior Sale |
| 09/16/2020 09/16/20 | Pending | -- | -- | -- | |
| 05/02/2020 05/02/20 | For Sale | $345,000 | +40.8% | $291 / Sq Ft | |
| 08/31/2017 08/31/17 | Sold | $245,000 | -5.8% | $207 / Sq Ft | View Prior Sale |
| 08/30/2017 08/30/17 | Pending | -- | -- | -- | |
| 03/30/2017 03/30/17 | For Sale | $260,000 | +45.3% | $220 / Sq Ft | |
| 02/29/2016 02/29/16 | Sold | $178,990 | -0.6% | $151 / Sq Ft | View Prior Sale |
| 02/29/2016 02/29/16 | Pending | -- | -- | -- | |
| 11/09/2015 11/09/15 | For Sale | $179,990 | -- | $152 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $336,500 | None Available | |
| Warranty Deed | -- | None Available | |
| Deed | -- | -- | |
| Warranty Deed | $228,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $269,200 | New Conventional | |
| Previous Owner | $143,190 | No Value Available | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | $177,600 | Fannie Mae Freddie Mac |
Source: Des Moines Area Association of REALTORS®
MLS Number: 733276
APN: 040-00614014000
- 309 E 5th St Unit 508
- 400 E Locust St Unit 207
- 400 E Locust St Unit 102
- 400 E Locust St Unit 308
- 400 E Locust St Unit 213
- 400 E Locust St Unit 103
- 301 E Court Ave Unit 203
- 301 E Court Ave Unit 207
- 812 Lyon St
- 225 Maple St
- 221 Maple St
- 217 Maple St
- 213 Maple St
- 859 E 2nd St
- 205 Maple St
- 820 E 2nd St
- 822 E 2nd St
- Azure Plan at The Banks
- 824 E 2nd St
- 812 E 2nd St
- 317 E 6th St
- 418 E Grand Ave
- 333 E Grand Ave
- 300 E Grand Ave
- 301 E Walnut St Unit ID1285758P
- 219 E Grand Ave
- 240 E Walnut St
- 660 E 5th St
- 700 E 5th St
- 225 E Center St
- 112 SE 4th St
- 112 SE 4th St
- 601 E Vine St
- 201 SE 6th St
- 220 Maple St
- 401 SE 6th St
- 200 Grand Ave
- 101 2nd Ave
- 100 2nd Ave
- 103 SW 3rd St