518 35th St Des Moines, IA 50312
North of Grand Neighborhood
--
Bed
4
Baths
2,463
Sq Ft
8,250
Sq Ft Lot
Highlights
- 4 Kitchens
- Laundry Room
- Forced Air Heating System
- No HOA
About This Home
As of April 2020Calling 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!!
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
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
2.28%
Original Mortgage
$247,000
Outstanding Balance
$220,392
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$72,530
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
$220,392
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$72,530
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
Similar Homes in Des Moines, IA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 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
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
-
Seller's Agent in 2025
Beth Ernst
Keller Williams Realty GDM
(515) 599-7730
1 in this area
538 Total Sales
-
C
Seller's Agent in 2020
Chris Ranallo
RE/MAX
(515) 321-1101
39 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 597687
APN: 090-07926000000
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