$260,000
SOLD APR 17, 2020

518 35th St Des Moines, IA 50312

North of Grand Neighborhood
-- Bed
4 Baths
2,463 Sq Ft
8,250 Sq Ft Lot

Recently Sold

$106 Per Sq Ft

5% Below List Price

84 Days on Market

Highlights

  • 4 Kitchens
  • Laundry Room
  • Forced Air Heating System
  • No HOA

About This Home

As of April 2020

Calling all investors! Don't miss out on this fully occupied 4-plex in the heart of the Ingersoll district. Over $38,000 of annual rental income and ownership has never have had an issue keeping units rented. Check out the attached profit/loss statement for more details. Great opportunity!!

Last Agent to Sell the Property

Chris Ranallo

RE/MAX Hilltop Listed on: 01/20/2020

RE/MAX Hilltop

Last Buyer's Agent

Chris Ranallo

RE/MAX Hilltop Listed on: 01/20/2020

RE/MAX Hilltop

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,013

Year Built

  • Built in 1909

Lot Details

  • 8,250 Sq Ft Lot

Home Design

  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 2-Story Property
  • 4 Kitchens
  • Laundry Room
  • Finished Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 09007926000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,013

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Termite: Follow Showing Instructions
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 4
  • Stoves Total: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • First Floor Full Bathrooms: 1
  • Second Floor Full Bathrooms: 1
  • Third Floor Full Bathrooms: 1
  • Full Bathrooms: 1
  • Basement Description: Finished
  • Kitchens: 4
  • Laundry: Yes

Exterior Features

  • Exterior: Metal Siding
  • Foundation: Tile
  • Roof: Asphalt Shingle

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1890
  • Lot S F: 8250
  • Assessor Parcel Number: 09007926000000
  • Zoning: R-4

Rental Info

  • Furnished: No
  • Landlord Tenant Utilities: Electric Landlord, Gas Landlord, Insurance Landlord, Water Landlord

Tax Info

  • Gross Taxes: 5012.73
  • Net Taxes: 5012.73

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2020
Closed on
May 15, 2020
Sold by
Fierce Samuel
Bought by
Fierce Properties Llc
Seller's Agent
Chris Ranallo
RE/MAX Hilltop
Buyer's Agent
Chris Ranallo
RE/MAX Hilltop
List Price
$275,000
Sold Price
$260,000
Premium/Discount to List
-$15,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.08%
Original Mortgage
$247,000
Outstanding Balance
$218,947
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$87,403

Purchase Details

Listed on
Jan 20, 2020
Closed on
Apr 9, 2020
Sold by
144 Properties Lc
Bought by
Fierce Samuel
Seller's Agent
Chris Ranallo
RE/MAX Hilltop
Buyer's Agent
Chris Ranallo
RE/MAX Hilltop
List Price
$275,000
Sold Price
$260,000
Premium/Discount to List
-$15,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Outstanding Balance
$218,947
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$87,403

Purchase Details

Closed on
Aug 22, 2012
Sold by
Dsmblc Holdings Inc
Bought by
144 Properties Lc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2004
Sold by
Mccullough Stephen E and Mccullough Patricia G
Bought by
144 Properties Lc

Purchase Details

Closed on
Sep 19, 2000
Sold by
Sweeney Lyle J
Bought by
Mccullough Stephen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,200
Interest Rate
8.05%
Mortgage Type
Commercial
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
Quit Claim Deed -- None Available
Warranty Deed $260,000 None Available
Warranty Deed $109,500 None Available
Warranty Deed $99,500 --
Warranty Deed $65,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $247,000 New Conventional
Previous Owner $185,000 Commercial
Previous Owner $90,000 No Value Available
Previous Owner $56,200 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2025 09/08/25 Price Changed $274,900 -3.5% $112 / Sq Ft
08/15/2025 08/15/25 For Sale $284,900 0.0% $116 / Sq Ft
07/24/2025 07/24/25 Pending -- -- --
07/09/2025 07/09/25 Price Changed $284,900 -5.0% $116 / Sq Ft
05/09/2025 05/09/25 Price Changed $299,900 -6.3% $122 / Sq Ft
02/28/2025 02/28/25 For Sale $319,900 +23.0% $130 / Sq Ft
04/17/2020 04/17/20 Sold $260,000 -5.5% $106 / Sq Ft
04/13/2020 04/13/20 Pending -- -- --
01/20/2020 01/20/20 For Sale $275,000 -- $112 / 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 $4,406 $224,000 $26,200 $197,800
2023 $4,290 $224,000 $26,200 $197,800
2022 $5,014 $182,000 $21,900 $160,100
2021 $4,450 $182,000 $21,900 $160,100
2020 $4,998 $149,000 $19,900 $129,100
2019 $4,392 $149,000 $19,900 $129,100
2018 $4,670 $124,000 $19,900 $104,100
2017 $4,390 $124,000 $19,900 $104,100
2016 $4,576 $112,000 $16,500 $95,500
2015 $4,576 $112,000 $16,500 $95,500
2014 $4,290 $100,000 $16,500 $83,500
Source: Public Records

Agents Affiliated with this Home

  • Beth Ernst

    Seller's Agent in 2025

    Beth Ernst

    Keller Williams Realty GDM

    (515) 599-7730

    1 in this area

    530 Total Sales

    Beth Ernst
    Section Image

  • C

    Seller's Agent in 2020

    Chris Ranallo

    RE/MAX

    (515) 321-1101

    27 Total Sales

    Chris Ranallo
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 597687

Des Moines Area Association of REALTORS®

APN: 090-07926000000

Iowa Polk County Des Moines 50312 North of Grand

518 35th St, Des Moines, IA

This home is located at 518 35th St, Des Moines, IA 50312 and is currently priced at $260,000, approximately $105 per square foot. This property was built in 1909. 518 35th St is a home located in Polk County with nearby schools including Greenwood Elementary School, Callanan Middle School, and Roosevelt 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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