$63,000
SOLD JAN 30, 2015

515 E 27th St Des Moines, IA 50317

Fairground Neighborhood
3 Beds
1 Bath
864 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$73 Per Sq Ft

3% Below List Price

352 Days on Market

About This Home

As of December 2018

Turnkey 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

Tami Hicks

CENTURY 21 SIGNATURE-Ames License #B39060 Listed on: 01/20/2014

CENTURY 21 SIGNATURE-Ames

Last Buyer's Agent

Tami Hicks

CENTURY 21 SIGNATURE-Ames License #B39060 Listed on: 01/20/2014

CENTURY 21 SIGNATURE-Ames

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,806

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 4278
  • Directions: Contact LR for showings. Prefer 72 hours notice prior to showings to give tenants proper 24 hour notice. text, email of call LR to set up showings.
  • Above Grade Finished Sq Ft: 864.0
  • Architectural Style: 1 Story
  • Garage Yn: No
  • Year Built: 1918
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Water Heater:Gas: Yes
  • Foundation:Brick2: Yes
  • Special Features: None

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Builder Name: Unknown
  • Construction Type: Steel
  • Foundation Details: Brick/Mortar

Garage/Parking

  • General Information:Garage Type2: None

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Des Moines

Lot Info

  • Parcel #: 050157300
  • Zoning: Res.

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
$131,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,531
Avg. Annual Appreciation
9.08%
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
Source: Public Records

Range of Values:

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Average Value
Not Available
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 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 $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

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 $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

  • M

    Seller's Agent in 2018

    Mike Crabb

    Century 21 Signature

    Section Image
  • Eileen Van Kooten-Schmitt

    Seller Co-Listing Agent in 2018

    Eileen Van Kooten-Schmitt

    Century 21 Signature

    (515) 490-8816

    191 Total Sales

    Eileen Van Kooten-Schmitt
    Section Image

  • J

    Buyer's Agent in 2018

    Jarrod Gray

    Ruby Realty Group LLC

    (515) 803-6851

    2 Total Sales

    Jarrod Gray
    Section Image
  • Tami Hicks

    Seller's Agent in 2015

    Tami Hicks

    CENTURY 21 SIGNATURE-Ames

    (515) 290-4067

    2 in this area

    143 Total Sales

    Tami Hicks
    Section Image
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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 39276

APN: 050-01573000000

Iowa Polk County Des Moines 50317 Fairground

515 E 27th St, Des Moines, IA

This home is located at 515 E 27th St, Des Moines, IA 50317 and is currently priced at $63,000, approximately $72 per square foot. This property was built in 1918. 515 E 27th St is a home located in Polk County with nearby schools including Willard Elementary School, Hoyt Middle School, and East High School.

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