NOT LISTED FOR SALE

517 Franklin Ave Des Moines, IA 50314

River Bend Neighborhood

Estimated Value: $133,000

-- Bed
2 Baths
2,268 Sq Ft
$59/Sq Ft Est. Value

Last Sold September 15, 2020

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

Est. 90% increase in value since last sale

Current estimated payment $898/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 Listed By

Brandon Johnson

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

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
  • Sq Ft Bsmt: 801
  • 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

Schools

  • School District: Des Moines Independent

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
Total Days on Market
3
Current Estimated Value
$133,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,000
Avg. Annual Appreciation
14.80%
Original Mortgage
$52,500
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jul 11, 2020
Closed on
Sep 10, 2020
Sold by
Hughes Hollie E
Bought by
Hughes Nenita P
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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

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

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
Bear Stratten Llc $70,000 None Available
Hughes Hollie $27,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bear Stratten Llc $230,000
Closed Bear Stratten Llc $52,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    4 in this area

    166 Total Sales

    Brandon Johnson
    Section Image
  • Maggie Martin

    Buyer's Agent in 2020

    Maggie Martin

    Keller Williams Realty GDM

    (515) 321-2273

    2 in this area

    113 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

Homes for Sale in Des Moines, IA

This home is located at 517 Franklin Ave, Des Moines, IA 50314 since 11 July 2020 and is currently estimated at $133,000, approximately $58 per square foot. This property was built in 1908. 517 Franklin Ave is a home located in Polk County with nearby schools including Moulton Elementary School, Harding Middle School, and North 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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