NOT LISTED FOR SALE

517 Franklin Ave Des Moines, IA 50314

River Bend Neighborhood

Estimated Value: $127,000

-- Bed
2 Baths
2,268 Sq Ft
$56/Sq Ft Est. Value

Last Sold September 15, 2020

Last sale price $70,000 $31 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $826/month

3 Days on Market

Highlights

  • 2 Kitchens
  • Forced Air Heating System
  • Wood Siding
  • No HOA

About This Home

As of September 2020

Large two unit property with good rentals. Two car garage as well.
Seller is also selling:
1303 22nd Street: $65,000
1250 9th Street: $45,000
1430 8th Street: $85,000

Last Agent to Sell the Property

Brandon Johnson

RE/MAX Cornerstone Listed on: 07/11/2020

Last Buyer's Agent

Maggie Martin

Keller Williams Realty GDM

Keller Williams Realty GDM

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 7,350 Sq Ft Lot
  • Lot Dimensions are 49x150

Home Design

  • Brick Foundation
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,268 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Kitchen

  • 2 Kitchens
  • Cooktop

Parking

  • 2 Car Detached Garage
  • Driveway

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 08005676000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $6,869

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 30.86
  • Sp Amt Sq Ft: 30.86
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Kitchens: 2
  • Included Items: Cooktop, Refrigerator
  • Living Area Sq Ft: 2268
  • Total Sq Ft: 2268

Exterior Features

  • Exterior: Wood
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete
  • Garage: 2 Detached

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Total Expense: 6869

Lot Info

  • Acres: 0.1690
  • Lot S F: 7350
  • Lot Shape: Regular
  • Lot Size: 49X150
  • Assessor Parcel Number: 08005676000000
  • Zoning: R-1 6

Rental Info

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

Tax Info

  • Gross Taxes: 1763.00
  • Net Taxes: 1763.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2020
Closed on
Sep 21, 2020
Sold by
Hughes Nita P and Hughes Nenita P
Bought by
Bear Stratten Llc and Decmore Llc
Seller's Agent
Brandon Johnson
RE/MAX Cornerstone
Buyer's Agent
Maggie Martin
Keller Williams Realty GDM
List Price
$70,000
Sold Price
$70,000
Current Estimated Value
$127,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,000
Avg. Annual Appreciation
12.06%
Original Mortgage
$52,500
Outstanding Balance
$46,484
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$80,516

Purchase Details

Closed on
Apr 19, 2002
Sold by
Midwest Builders Inc Of Iowa
Bought by
Hughes Hollie and Hughes Nita P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bear Stratten Llc $70,000 None Available
Bear Stratten Llc $70,000 None Listed On Document
Hughes Hollie $27,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bear Stratten Llc $52,500
Closed Bear Stratten Llc $52,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2020 09/15/20 Sold $70,000 0.0% $31 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
07/11/2020 07/11/20 For Sale $70,000 -- $31 / 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 $1,918 $113,000 $16,300 $96,700
2024 $1,918 $97,500 $14,000 $83,500
2023 $1,834 $97,500 $14,000 $83,500
2022 $1,820 $77,800 $11,600 $66,200
2021 $1,692 $77,800 $11,600 $66,200
2020 $1,758 $67,800 $10,200 $57,600
2019 $1,658 $67,800 $10,200 $57,600
2018 $1,642 $61,700 $9,200 $52,500
2017 $1,572 $61,700 $9,200 $52,500
2016 $1,532 $58,100 $8,600 $49,500
2015 $1,532 $58,100 $8,600 $49,500
2014 $1,436 $56,100 $8,300 $47,800
Source: Public Records

Agents Affiliated with this Home

  • Brandon Johnson

    Seller's Agent in 2020

    Brandon Johnson

    RE/MAX

    (515) 554-5718

    1 in this area

    157 Total Sales

    Brandon Johnson
    Section Image
  • Maggie Martin

    Buyer's Agent in 2020

    Maggie Martin

    Keller Williams Realty GDM

    (515) 321-2273

    103 Total Sales

    Maggie Martin
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 609631

Des Moines Area Association of REALTORS®

APN: 080-05676000000

Iowa Polk County Des Moines 50314 River Bend

517 Franklin Ave, Des Moines, IA

Not Listed for Sale

MultiFamily

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