NOT LISTED FOR SALE
Studio
7 Baths
4,654 Sq Ft
9,968 Sq Ft Lot

Sale Details

Date Sold: October 5, 2023

Last sale price $575,000 $124 Per Sq Ft

11 Days on Market

Highlights

  • 7 Kitchens
  • No HOA
  • Community Storage Space
  • Wood Flooring
  • Laundry Room

About This Home

As of October 2023

Here is an excellent investment opportunity in Des Moines' historic Waterbury Neighborhood with two offerings of apartment buildings located in the heart of the Ingersoll Corridor.
536 48th St hosts 7-units including 5-two bedroom, 1-one-bedroom and 1-studio apartment. The units include hardwood floors and beautiful period woodwork. This property presents buyer prospects with plenty of upside with continued renovation and increased monthly rents. Properties to be sold together – see listing of 4810 Ingersoll. The buildings share ample off-street parking. Proximity to Ingersoll, downtown and all that Des Moines has to offer make this prime potential for investment.

Last Agent to Sell the Property

Jim Hibbs

LPT Realty, LLC Listed on: 08/03/2023

LPT Realty, LLC

Last Buyer's Agent

Kathryn Wheeler

Iowa Realty Beaverdale

Iowa Realty Beaverdale
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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,748

Year Built

  • Built in 1927

Lot Details

  • 9,968 Sq Ft Lot
  • Lot Dimensions are 56x178

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 4,654 Sq Ft Home
  • Finished Basement
  • Natural lighting in basement
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • 7 Kitchens
  • Stove

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Window Unit Cooling System
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 09005605000000

Community Details

Overview

  • No Home Owners Association
  • Front Yard Maintenance

Amenities

  • Laundry Facilities
  • Community Storage Space

Recreation

  • Snow Removal

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,748

Year Built

Built in 1927

Lot Details

9,968 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Style: Apartment Style
  • Lp Amt Sq Ft: 123.55
  • Sp Amt Sq Ft: 123.55
  • Termite: Call Listing Agent
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 7
  • Stoves Total: 7
  • Interior Amenities: Carpeting, Hardwood Floors, Laminate Floors, Smoke Detector, Vinyl Floors
  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • First Floor Full Bathrooms: 1
  • Second Floor Full Bathrooms: 5
  • Full Bathrooms: 1
  • Basement Description: Daylight Window, Finished
  • Kitchens: 7
  • Laundry: Yes
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 4654
  • Total Sq Ft: 4654

Exterior Features

  • Exterior: Brick
  • Foundation: See Remarks
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Sidewalk: y
  • Street Feature: Asphalt

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: See Remarks
  • Separate Meters: y
  • Services: Lawn Care, Trash Service

Association/Amenities

  • Amenities: Community Laundry, Extra Storage, Snow Removal

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Lot Info

  • Acres: 0.2290
  • Lot S F: 9968
  • Lot Size: 56X178
  • Assessor Parcel Number: 09005605000000
  • Zoning: R-3

Rental Info

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

Tax Info

  • Gross Taxes: 7748.49
  • Net Taxes: 7748.49

MLS Schools

  • School District: Des Moines Independent

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Waterbury, IA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $832,500
Closed $796,000
Open $2,215,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/05/2023 10/05/23 Sold $575,000 0.0% $124 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $575,000 -- $124 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,519 $113,884 $8,950 $104,934
2024 $367 $68,497
2023 $348 $66,502 $0 $0
2022 $375 $64,565 $0 $0
2021 $368 $60,076 $0 $0
2020 $375 $59,247 $0 $0
2019 $386 $57,915 $2,500 $55,415
2018 $440 $58,545 $2,500 $56,045
2017 $486 $58,599 $2,500 $56,099
2016 $479 $58,875 $2,500 $56,375
2015 $532 $59,142 $2,500 $56,642
2014 -- $63,148 $13,000 $50,148
Source: Public Records

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 679670

Des Moines Area Association of REALTORS®
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