515 E 27th St Des Moines, IA 50317
Fairground Neighborhood
3
Beds
1
Bath
864
Sq Ft
3,920
Sq Ft Lot
About This Home
As of December 2018Turnkey rental property that is already rented at $825 per month, which produces a cap rate of 11.05%. This home has already had many upgrades completed and already has professional property management in place if desired. This home can be bought individually or as part of a portfolio with up to 38 other properties. Multiple Members of Selling LLC are Licensed Real Estate Agents and Brokers In the State of Iowa. Listing Agent is related to One Member of Selling LLC.
Last Agent to Sell the Property
CENTURY 21 SIGNATURE-Ames License #B39060 Listed on: 01/20/2014
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,806
Year Built
- Built in 1918
Lot Details
- Property is zoned Res.
Home Design
- Brick Foundation
Interior Spaces
- 864 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 050157300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 20, 2018
Closed on
Dec 31, 2018
Sold by
Move Up Llc
Bought by
C And Z Properties Llc
Seller's Agent
Mike Crabb
Century 21 Signature
Buyer's Agent
Jarrod Gray
Ruby Realty Group LLC
List Price
$69,000
Sold Price
$68,500
Premium/Discount to List
-$500
-0.72%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,549
Avg. Annual Appreciation
9.48%
Original Mortgage
$55,200
Outstanding Balance
$49,195
Interest Rate
4.8%
Mortgage Type
Commercial
Estimated Equity
$73,854
Purchase Details
Listed on
Jan 20, 2014
Closed on
Jan 29, 2015
Sold by
Select Holdings One Llc
Bought by
Move Up Lc
Seller's Agent
Tami Hicks
CENTURY 21 SIGNATURE-Ames
Buyer's Agent
Tami Hicks
CENTURY 21 SIGNATURE-Ames
List Price
$64,900
Sold Price
$63,000
Premium/Discount to List
-$1,900
-2.93%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.16%
Original Mortgage
$104,050
Interest Rate
3.82%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jan 10, 2012
Sold by
Des Moines Properties Llc
Bought by
Select Holdings One Lc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 28, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Leto John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.66%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 7, 2008
Sold by
Cockerham Kenneth and Cockerham Michelle
Bought by
Deutsche Bank National Trust Co
Purchase Details
Closed on
Jan 26, 2005
Sold by
Austin E Armstrong Family Lc
Bought by
Cockerham Kenneth and Cockerham Michelle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,400
Interest Rate
8.57%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Mar 9, 2001
Sold by
Contract Exchange Corp
Bought by
Austin E Armstrong Revocable Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
11.25%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 13, 2001
Sold by
Jones Michael T and Jones Jana K
Bought by
Contract Exchange Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
11.25%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 9, 2001
Sold by
Jones Michael T and Jones Jana K
Bought by
Cockerham Kenneth Robert and Cockerham Michelle Kaye
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
11.25%
Mortgage Type
Seller Take Back
Similar Homes in Des Moines, IA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $68,500 | None Available | |
| Warranty Deed | $68,500 | None Available | |
| Warranty Deed | $63,000 | None Available | |
| Warranty Deed | $1,285,000 | None Available | |
| Special Warranty Deed | $32,500 | None Available | |
| Sheriffs Deed | $63,000 | None Available | |
| Warranty Deed | $64,500 | -- | |
| Corporate Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Contract Of Sale | $64,866 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $55,200 | Commercial | |
| Closed | $55,200 | Purchase Money Mortgage | |
| Previous Owner | $104,050 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $1,150,000 | Purchase Money Mortgage | |
| Previous Owner | $50,000 | Purchase Money Mortgage | |
| Previous Owner | $68,400 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $54,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2018 12/31/18 | Sold | $68,500 | -0.7% | $79 / Sq Ft |
| 12/31/2018 12/31/18 | Pending | -- | -- | -- |
| 11/20/2018 11/20/18 | For Sale | $69,000 | +9.5% | $80 / Sq Ft |
| 01/30/2015 01/30/15 | Sold | $63,000 | -2.9% | $73 / Sq Ft |
| 01/08/2015 01/08/15 | Pending | -- | -- | -- |
| 01/20/2014 01/20/14 | For Sale | $64,900 | -- | $75 / Sq Ft |
Source: Central Iowa Board of REALTORS®
Tax History Compared to Growth
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 | $1,806 | $91,800 | $14,600 | $77,200 |
| 2023 | $1,730 | $91,800 | $14,600 | $77,200 |
| 2022 | $1,716 | $73,400 | $12,000 | $61,400 |
| 2021 | $1,590 | $73,400 | $12,000 | $61,400 |
| 2020 | $1,652 | $63,700 | $10,500 | $53,200 |
| 2019 | $1,494 | $63,700 | $10,500 | $53,200 |
| 2018 | $1,480 | $55,600 | $9,000 | $46,600 |
| 2017 | $1,404 | $55,600 | $9,000 | $46,600 |
| 2016 | $1,178 | $51,900 | $8,400 | $43,500 |
| 2015 | $1,178 | $44,700 | $8,400 | $36,300 |
| 2014 | $1,252 | $47,100 | $8,800 | $38,300 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2018
Mike Crabb
Century 21 Signature
(515) 802-6822
-
Eileen Van Kooten-Schmitt
Seller Co-Listing Agent in 2018
Eileen Van Kooten-Schmitt
Century 21 Signature
(515) 490-8816
1 in this area
193 Total Sales
-
Jarrod Gray
J
Buyer's Agent in 2018
Jarrod Gray
Ruby Realty Group LLC
1 Total Sale
-
Tami Hicks
Seller's Agent in 2015
Tami Hicks
CENTURY 21 SIGNATURE-Ames
(515) 290-4067
2 in this area
157 Total Sales
Map
Source: Central Iowa Board of REALTORS®
MLS Number: 39276
APN: 050-01573000000
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