NOT LISTED FOR SALE

517 E Mckinley Ave Des Moines, IA 50315

South Central DSM Neighborhood

Estimated Value: $211,000 - $264,000

-- Bed
2 Baths
1,408 Sq Ft
$170/Sq Ft Est. Value

Last Sold November 26, 2018

Last sale price $115,000 $82 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $1,685/month

25 Days on Market

Highlights

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

About This Home

As of November 2018

Priced for a savvy investor to build equity as this duplex has potential to be a great long-term investment. Sold as is and below assessed value. 519 has a long-term tenant and 517 is currently vacant.

Last Agent to Sell the Property

Lynn Johnson

RE/MAX Concepts Listed on: 10/29/2018

RE/MAX Concepts

Last Buyer's Agent

Marco Miranda

Associated Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 70x180

Home Design

  • Ranch Style House
  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,408 Sq Ft Home
  • Storage
  • Laundry Room
  • Carpet
  • Fire and Smoke Detector

Kitchen

  • 2 Kitchens
  • Stove
  • Dishwasher

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 12007188008000

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 90.91
  • Sp Amt Sq Ft: 81.68
  • Termite: Call Listing Agent
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 2
  • Refrigerators: 1
  • Stoves Total: 2
  • Interior Amenities: Carpeting, Smoke Detector
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Partial Finished
  • Sq Ft Bsmt: 880
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes
  • Included Items: Dishwasher, Refrigerator, Stove
  • Living Area Sq Ft: 1408
  • Total Sq Ft: 1408

Exterior Features

  • Exterior: Frame
  • Foundation: Concrete Block
  • Paved: No
  • Roof: Asphalt Shingle
  • Sidewalk: Y
  • Street Feature: Concrete
  • Trim: Paint

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.2890
  • Lot S F: 12600
  • Lot Shape: Regular
  • Lot Size: 70X180
  • Assessor Parcel Number: 12007188008000
  • Zoning: R-2

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Tenant, Insurance Landlord, Taxes Owner, Water Landlord

Tax Info

  • Gross Taxes: 3607.00
  • Net Taxes: 3607.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2018
Closed on
Nov 26, 2018
Sold by
Metheny Jan and Metheny Joanne Kathleen
Bought by
Andes Group Inc
Seller's Agent
Lynn Johnson
RE/MAX Concepts
Buyer's Agent
Marco Miranda
Associated Realty
List Price
$128,000
Sold Price
$115,000
Premium/Discount to List
-$13,000
-10.16%
Total Days on Market
25
Current Estimated Value
$240,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,431
Avg. Annual Appreciation
11.24%

Purchase Details

Closed on
Feb 28, 2014
Sold by
Double J Capital Corp
Bought by
Metheny Jan

Purchase Details

Closed on
Oct 30, 2008
Sold by
Mcnear Florence and Mcnear James E
Bought by
Double J Capital Corporation

Purchase Details

Closed on
Apr 1, 2008
Sold by
Towers Steve and Towers Karen
Bought by
Mcnear Florence

Purchase Details

Closed on
Jun 5, 2007
Sold by
Aurora Loan Services Llc
Bought by
Towers Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,800
Interest Rate
6.26%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 22, 2007
Sold by
Kaiser Gregory A and Towers Steven
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Nov 3, 2005
Sold by
Kaiser Greg
Bought by
Towers Steven and Towers Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 2002
Sold by
Pauley Jim and Pauley Pam
Bought by
Towers Steve and Towers Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 20, 2000
Sold by
Pauley Jim and Pauley Pam
Bought by
Frazier Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,079,700
Interest Rate
8.5%
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 Buyer Sale Price Title Company
Andes Group Inc $115,000 None Available
Metheny Jan -- None Available
Double J Capital Corporation -- None Available
Mcnear Florence -- None Available
Towers Karen $98,500 Title Services Corporation
Aurora Loan Services Llc $118,587 None Available
Towers Steven $132,000 None Available
Towers Steve $325,000 --
Frazier Joe $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andes Group Inc $110,000
Previous Owner Double J Capital Corporation $108,000
Previous Owner Towers Karen $19,800
Previous Owner Towers Karen $94,250
Previous Owner Towers Steven $132,000
Previous Owner Kaiser Gregory A $105,600
Previous Owner Towers Steve $320,000
Previous Owner Frazier Joe $1,079,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2018 11/26/18 Sold $115,000 -10.2% $82 / Sq Ft
11/23/2018 11/23/18 Pending -- -- --
10/29/2018 10/29/18 For Sale $128,000 -- $91 / 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 $4,426 $225,000 $35,400 $189,600
2023 $4,240 $225,000 $35,400 $189,600
2022 $4,208 $179,900 $29,900 $150,000
2021 $4,102 $179,900 $29,900 $150,000
2020 $4,262 $164,400 $27,200 $137,200
2019 $3,644 $164,400 $27,200 $137,200
2018 $3,608 $135,600 $21,900 $113,700
2017 $3,538 $135,600 $21,900 $113,700
2016 $3,446 $130,800 $20,600 $110,200
2015 $3,446 $130,800 $20,600 $110,200
2014 $3,408 $133,100 $20,600 $112,500
Source: Public Records

Agents Affiliated with this Home

  • Lynn Johnson

    Seller's Agent in 2018

    Lynn Johnson

    RE/MAX

    (515) 343-9390

    3 in this area

    237 Total Sales

    Section Image

  • M

    Buyer's Agent in 2018

    Marco Miranda

    Associated Realty

    (651) 216-1044

    10 Total Sales

    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 571995

Des Moines Area Association of REALTORS®

APN: 120-07188008000

Iowa Polk County Des Moines 50315 South Central DSM

517 E Mckinley Ave, Des Moines, IA

This home is located at 517 E Mckinley Ave, Des Moines, IA 50315 since 29 October 2018 and is currently estimated at $239,764, approximately $170 per square foot. This property was built in 1976. 517 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.

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