Seller's Agent in 2024
Jim Manderfield
Iowa Realty Mills Crossing
(515) 249-8053
3 in this area
182 Total Sales
5501 University Ave Des Moines, IA 50311
Merle Hay NeighborhoodEstimated Value: $149,000 - $159,000
3
Beds
2
Baths
850
Sq Ft
$180/Sq Ft
Est. Value
Highlights
- Deck
- Main Floor Primary Bedroom
- Formal Dining Room
- Wood Flooring
- No HOA
- Bungalow
About This Home
As of September 2024NOTE: This home has sold three times already and come BOM each time due to inspections (call Jim for details). It is a good home which currently has an FHA loan on it and which should go FHA or VA again. Where else can you find a 3 bedroom 2 bath home in a desirable west-side neighborhood (across from Waveland Golf Course) for under $150K? Seller is repairing the sewer line prior to closing at a cost of over $18K to themselves. Newer room (2013), oak hardwood floors, new interior paint, updated kitchen, front porch, attached garage, appliances, and more. Fenced yard for children or pets. Seller is offering a $5,000 credit toward a buyer's closing costs/buy-down, improvements, or as a price reduction. Great investor opportunity with positive cash flow available. Excellent starter home as well for a 1st time home buyer with realistic expectations.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,258
Year Built
- Built in 1925
Lot Details
- 5,808 Sq Ft Lot
- Lot Dimensions are 44x132
- Property is Fully Fenced
- Chain Link Fence
- Property is zoned N3B
Home Design
- Bungalow
- Asphalt Shingled Roof
- Asbestos
Interior Spaces
- 850 Sq Ft Home
- Drapes & Rods
- Formal Dining Room
- Fire and Smoke Detector
Kitchen
- Stove
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom on Main
Basement
- Walk-Out Basement
- Basement Window Egress
Parking
- 1 Car Attached Garage
- Driveway
Outdoor Features
- Deck
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 10012193000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 11, 2024
Closed on
Sep 12, 2024
Sold by
Monroe Rajan and Monroe Elizabeth N
Bought by
Duncan Jason
Seller's Agent
Jim Manderfield
Iowa Realty Mills Crossing
Buyer's Agent
Misty Darling
BH&G Real Estate Innovations
List Price
$144,900
Sold Price
$144,900
Views
136
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,314
Avg. Annual Appreciation
4.72%
Original Mortgage
$7,245
Outstanding Balance
$4,486
Interest Rate
6.47%
Estimated Equity
$148,728
Purchase Details
Listed on
Oct 16, 2018
Closed on
Apr 24, 2019
Sold by
Lowery Ocie L and Lowery Kameka
Bought by
Monroe Rajan and Monroe Elizabeth N
Seller's Agent
Kelly Schall
Realty ONE Group Impact
Buyer's Agent
Jim Manderfield
Iowa Realty Mills Crossing
List Price
$100,000
Sold Price
$94,000
Premium/Discount to List
-$6,000
-6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%
Original Mortgage
$92,297
Interest Rate
4.62%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 30, 2009
Sold by
Meier Ryan
Bought by
Carmi Ofir and Gore Teresa
Purchase Details
Closed on
Mar 27, 2007
Sold by
Gore Carmi Ofir and Gore Carmi Theresa
Bought by
Gore Carmi Ofir and Gore Carmi Theresa
Purchase Details
Closed on
Mar 1, 2005
Sold by
Samann Lc
Bought by
Carmi Ofir
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
5.7%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 26, 2004
Sold by
The Provident Bank
Bought by
Samann Lc
Purchase Details
Closed on
Mar 11, 2004
Sold by
Schmeling Donald F and Schmeling Jennifer
Bought by
The Provident Bank
Purchase Details
Closed on
Sep 20, 2002
Sold by
Wolford Rod and The Cook Trust
Bought by
Schmeling Donald F and Schmeling Jennifer
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Interest Rate
12.5%
Purchase Details
Closed on
Nov 15, 2001
Sold by
Cook Mary D
Bought by
Wolford Rod and The Cook Trust
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Duncan Jason | $145,000 | None Listed On Document | |
| Monroe Rajan | $94,000 | None Available | |
| Carmi Ofir | -- | None Available | |
| Gore Carmi Ofir | $99,500 | None Available | |
| Carmi Ofir | $53,500 | -- | |
| Samann Lc | $44,500 | -- | |
| The Provident Bank | $69,900 | -- | |
| Schmeling Donald F | $79,500 | -- | |
| Wolford Rod | $57,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Duncan Jason | $7,245 | |
| Open | Duncan Jason | $141,257 | |
| Previous Owner | Monroe Rajan | $92,297 | |
| Previous Owner | Carmi Ofir | $54,000 | |
| Previous Owner | Schmeling Donald F | $73,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/17/2024 09/17/24 | Sold | $144,900 | 0.0% | $170 / Sq Ft | |
| 08/20/2024 08/20/24 | Pending | -- | -- | -- | |
| 07/26/2024 07/26/24 | For Sale | $144,900 | 0.0% | $170 / Sq Ft | |
| 07/19/2024 07/19/24 | Pending | -- | -- | -- | |
| 07/17/2024 07/17/24 | Price Changed | $144,900 | -3.4% | $170 / Sq Ft | |
| 07/11/2024 07/11/24 | For Sale | $150,000 | +59.6% | $176 / Sq Ft | |
| 04/26/2019 04/26/19 | Sold | $94,000 | -6.0% | $111 / Sq Ft | View Prior Sale |
| 04/26/2019 04/26/19 | Pending | -- | -- | -- | |
| 10/16/2018 10/16/18 | For Sale | $100,000 | -- | $118 / 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 |
|---|---|---|---|---|
| 2025 | $2,150 | $129,500 | $32,200 | $97,300 |
| 2024 | $2,150 | $109,300 | $28,400 | $80,900 |
| 2023 | $2,258 | $109,300 | $28,400 | $80,900 |
| 2022 | $2,240 | $95,800 | $25,600 | $70,200 |
| 2021 | $2,114 | $95,800 | $25,600 | $70,200 |
| 2020 | $2,196 | $84,700 | $22,800 | $61,900 |
| 2019 | $2,016 | $84,700 | $22,800 | $61,900 |
| 2018 | $1,996 | $75,000 | $19,900 | $55,100 |
| 2017 | $1,774 | $75,000 | $19,900 | $55,100 |
| 2016 | $1,728 | $65,600 | $17,400 | $48,200 |
| 2015 | $1,728 | $65,600 | $17,400 | $48,200 |
| 2014 | $1,624 | $61,100 | $16,000 | $45,100 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Manderfield
-
Misty Darling
Buyer's Agent in 2024
Misty Darling
BH&G Real Estate Innovations
(515) 414-0059
25 in this area
1,885 Total Sales
-
Kelly Schall
Seller's Agent in 2019
Kelly Schall
Realty ONE Group Impact
(515) 250-2133
4 in this area
157 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 699020
APN: 100-12193000000
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