NOT LISTED FOR SALE

5555 NE 88th St Altoona, IA 50009

Estimated Value: $1,152,000 - $1,576,203

6.51 Acres
$211,531 Price per Acre
283,576 Sq Ft Lot

Last Sold July 31, 2023

Last sale price $1,595,000 $359 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $9,178/month

20 Days on Market

Highlights

  • Basketball Court
  • Spa
  • Recreation Room
  • Mitchellville Elementary School Rated A-
  • Covered Deck
  • Main Floor Primary Bedroom

About This Lot

As of July 2023

Stunning Unique Homes 2-Story on 6.5 acres sets itself apart as truly a very unique &
luxurious one of a kind property! Approx 6,000 sq ft of finish, 5 bedrooms w/large Master on the
main level, has its own fireplace, huge walk-in closet w/washer/dryer, large bathroom
w/ceramic walk-in shower & private deck w/hot tub. The upper level has a laundry room & 4
bedrooms, all w/walk-in closets, 2 w/private baths & 2 with a Jack & Jill Bath. Fabulous open
entry leads to an office, luxurious living/family room w/stone fireplace & beautiful built-ins,
large gourmet kit w/huge hidden walk-in pantry/coffee station, Bosch dishwasher Jenn-Air in
wall oven & warming tray, a 2nd stove/oven & GE Monogram sub-zero refrigerator. Walkout
basement is an entertaining dream w/sunken TV space, family room & ceramic walk-in steam
shower that walks out to a large patio & extensively landscaped yard w/gazebo & small pond
w/waterfall. 4-car attached garage w/radiant heat. 4 outbuildings including a 60X160 w/arena,
stalls, entertaining room & an abundance of spaces for cars/equipment, 24X54 w/office &
bathroom, 36X50 with stalls & 36X56, all with radiant in floor heat. Two 12X24 lean-tos &
fenced pasture. This is truly a must see to believe property!

Last Agent to Sell the Property

Gary Johnson

Ellen Fitzpatrick Real Estate Listed on: 04/14/2023

Last Buyer's Agent

Jo Jenkins

RE/MAX Concepts

RE/MAX Concepts

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,383

Year Built

  • Built in 2006

Lot Details

  • 6.51 Acre Lot
  • Wood Fence
  • Chain Link Fence
  • Irregular Lot
  • Irrigation
  • Property is zoned AT

Home Design

  • Asphalt Shingled Roof
  • Stone Siding
  • Cement Board or Planked

Interior Spaces

  • 4,449 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • 2 Fireplaces
  • Gas Fireplace
  • Shades
  • Drapes & Rods
  • Family Room Downstairs
  • Den
  • Recreation Room
  • Screened Porch
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Primary Bedroom on Main

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 8 Garage Spaces | 4 Attached and 4 Detached
  • Driveway

Utilities

  • Central Air
  • Hot Water Heating System
  • Geothermal Heating and Cooling
  • Radiant Heating System
  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 14000073010001

Community Details

Overview

  • No Home Owners Association
  • Built by Unique Homes

Recreation

  • Spa
  • Basketball Court
  • Covered Deck
  • Outdoor Kitchen
  • Fire Pit

Property Details

Property Type

Land

Est. Annual Taxes

$20,383

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Acreages
  • Style: Two Story
  • Homebuilder: Unique Homes
  • Lp Amt Sq Ft: 358.51
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 358.51
  • Termite: Call Listing Agent
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 2

Interior Features

  • Fireplace: Direct Vent Gas
  • Fireplaces: 2
  • Interior Amenities: 1st Flr Laundry, 2nd Flr Laundry, Carpeting, Central Vac, Drapes/Curtains, Security System, Shades/Shutters, Smoke Detector, Tile Floors
  • Total Bathrooms: 6.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Half Bathrooms: 1
  • First Floor Half Bathrooms: 1
  • Partial Bath Total: 3
  • Partial Bath 1st Floor: 1
  • Partial Bath 2nd Floor: 1
  • Partial Bath Lower: 1
  • Basement Description: Finished, Walkout
  • Sq Ft Bsmt: 2618
  • Sq Ft Fin Bsmt: 1500
  • Dining Room: Eat In Kitchen
  • Family Room: 1st Floor, Lower Level, Rec. Room
  • Other Rooms: Den, Pantry
  • Included Items: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Wall Oven, Washer
  • Living Area Sq Ft: 4449
  • Total Sq Ft: 4449

Exterior Features

  • Exterior: Cement Board, Stone
  • Exterior Features: Basketball Court, Covered Deck, Deck, Exterior Kitchen, Fire Pit, Hot Tub, Irrigation, Screened Porch
  • Fence Type: Chain Link, Wood
  • Foundation: Poured
  • Roof: Asphalt Shingle
  • Street Feature: Asphalt
  • Trim: Cherry

Garage/Parking

  • Driveway: Concrete
  • Garage Sq Ft: 1259
  • Garage: 4 Attached, 4+ Detached

Utilities

  • Sewer: Septic
  • Water: Rural
  • Air Conditioner: Central, GeoThermal
  • Heat: GeoThermal, Hot Water, Propane, Radiant

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Southeast Polk

Lot Info

  • Acres: 6.5100
  • Lot S F: 283576
  • Lot Shape: Irregular
  • Assessor Parcel Number: 14000073010001
  • Zoning: AT

Green Features

  • Additional Green Features: No
  • ENERGYSTAR qualified New Home: No
  • HERS Rating: No
  • Leed For Homes: No
  • Solar: No

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 20383.00
  • Net Taxes: 20229.00

MLS Schools

  • School District: Southeast Polk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Jul 27, 2023
Sold by
Childs Anna D
Bought by
Childs Randall L
Seller's Agent
Gary Johnson
Ellen Fitzpatrick Real Estate
Buyer's Agent
Jo Jenkins
RE/MAX Concepts
List Price
$1,595,000
Sold Price
$1,595,000
Views
112
Current Estimated Value
$1,377,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$217,932
Avg. Annual Appreciation
-9.34%
Original Mortgage
$1,276,000
Outstanding Balance
$1,252,462
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$49,407

Purchase Details

Listed on
Apr 14, 2023
Closed on
Jul 26, 2023
Sold by
Childs Randall L
Bought by
Formaro Dominic
Seller's Agent
Gary Johnson
Ellen Fitzpatrick Real Estate
Buyer's Agent
Jo Jenkins
RE/MAX Concepts
List Price
$1,595,000
Sold Price
$1,595,000
Views
112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,276,000
Outstanding Balance
$1,252,462
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$49,407

Purchase Details

Listed on
Apr 14, 2023
Closed on
Jun 5, 2023
Sold by
Childs Anna D
Bought by
Childs Randall L
Seller's Agent
Gary Johnson
Ellen Fitzpatrick Real Estate
Buyer's Agent
Jo Jenkins
RE/MAX Concepts
List Price
$1,595,000
Sold Price
$1,595,000
Views
112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,276,000
Outstanding Balance
$1,252,462
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$49,407

Purchase Details

Closed on
May 21, 2010
Sold by
Shadravan Darvish and Shadravan Brenda
Bought by
Childs Randall L and Childs Anna D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.97%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 28, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Shadravan Darvish and Shadravan Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2006
Sold by
Timmins Donald C and Timmins Cheryl A
Bought by
Owens Paul V and Owens Shantelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.34%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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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
Childs Randall L -- None Listed On Document
Formaro Dominic $1,595,000 None Listed On Document
Childs Randall L -- None Listed On Document
Childs Randall L $596,500 Itc
Shadravan Darvish $478,000 None Available
Owens Paul V $140,000 Itc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Formaro Dominic $1,276,000
Previous Owner Childs Randall L $355,000
Previous Owner Childs Randall L $400,000
Previous Owner Childs Randall L $463,500
Previous Owner Childs Randall L $417,000
Previous Owner Childs Randall L $100,000
Previous Owner Childs Randall L $417,000
Previous Owner Shadravan Darvish $340,000
Previous Owner Owens Paul V $200,000
Previous Owner Owens Paul $200,000
Previous Owner Owens Paul $100,000
Previous Owner Owens Paul V $818,000
Previous Owner Owens Paul V $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold $1,595,000 0.0% $359 / Sq Ft
05/04/2023 05/04/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $1,595,000 -- $359 / 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 $20,102 $1,478,700 $108,600 $1,370,100
2023 $19,750 $1,395,700 $108,600 $1,287,100
2022 $19,506 $1,146,500 $92,000 $1,054,500
2021 $19,178 $1,146,500 $92,000 $1,054,500
2020 $17,988 $1,070,100 $85,100 $985,000
2019 $17,338 $1,018,800 $85,100 $933,700
2018 $17,436 $942,800 $76,600 $866,200
2017 $17,686 $942,800 $76,600 $866,200
2016 $17,692 $858,400 $62,600 $795,800
2015 $17,692 $858,400 $62,600 $795,800
2014 $16,166 $765,300 $58,300 $707,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 671002

Des Moines Area Association of REALTORS®

APN: 140-00073010001