NOT LISTED FOR SALE

5717 University Ave Des Moines, IA 50311

Merle Hay Neighborhood

Estimated Value: $171,000 - $212,000

2 Beds
4 Baths
1,254 Sq Ft
$152/Sq Ft Est. Value

Last Sold August 24, 2012

Last sale price $85,000 $68 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $1,291/month

111 Days on Market

Highlights

  • 2 Kitchens
  • Storage
  • Forced Air Heating System
  • Ranch Style House

About This Home

As of August 2012

Great location, well maintained ranch duplex. 1 bed/1 bath units. Newer kitchen on one side, some hardwood floors, 2-car tandem attached garage, current rental certificate. Landlord pays water, lawn, snow. One lease with good renter in place. Priced well, good investment opportunity. New sump pits & motors. Humidifiers stay.

Last Agent to Sell the Property

Martha Kimberley

Iowa Realty Ankeny Listed on: 05/02/2012

Iowa Realty Ankeny

Co-Listed By

NATALIE KIMBERLEY

Iowa Realty Ankeny

Last Buyer's Agent

Martha Kimberley

Iowa Realty Ankeny Listed on: 05/02/2012

Iowa Realty Ankeny

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,600 Sq Ft Lot
  • Lot Dimensions are 50x132

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • Storage
  • 2 Kitchens
  • Unfinished Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • 2 Units
  • Gross Income $1,085

Listing and Financial Details

  • Assessor Parcel Number 10011903000000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 14.00
  • Sp Amt Sq Ft: 13.00
  • Termite: Call Listing Agent
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Full Bathrooms: 1
  • Basement Description: Unfinished
  • Kitchens: 2
  • Storage: Yes

Exterior Features

  • Exterior: Brick
  • Foundation: Brick
  • Paved: Yes
  • Sidewalk: 1

Utilities

  • Air Conditioner: Window Unit
  • Heat: Gas Forced Air
  • Separate Meters: 1

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1500
  • Lot S F: 6600
  • Lot Size: 50x132
  • Assessor Parcel Number: 10011903000000
  • Zoning: R1-60

Rental Info

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

Tax Info

  • Gross Taxes: 2500.00
  • Net Taxes: 2500.00
  • Assessor Parcel Number: 5717UNIVERSIAVEPOLKDESMOINE50311
  • Tax Year: 2011

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2012
Closed on
Aug 16, 2012
Sold by
Boyt Margaret A and Gerken Elizabeth S
Bought by
Gdm Properties Llc
Seller's Agent
Martha Kimberley
Iowa Realty Ankeny
Buyer's Agent
Martha Kimberley
Iowa Realty Ankeny
List Price
$115,000
Sold Price
$85,000
Premium/Discount to List
-$30,000
-26.09%
Total Days on Market
111
Current Estimated Value
$191,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,121
Avg. Annual Appreciation
6.43%

Purchase Details

Closed on
Nov 21, 2002
Sold by
Gerken Vitus F and Gerken Margaret E
Bought by
Gerken Vitus F and Gerken Margaret E
Source: Public Records

Similar Homes in Des Moines, IA

  • 1513 Des Moines St, Des Moines, IA 50316

    $230,000

    • Studio
    • 3 Baths
    • 2,806 Sq Ft
    • 1513 Des Moines St
    • Des Moines, IA

    Welcome to 1513 Des Moines Street, a prime multi-unit investment property in the heart of Des Moines. This 3-unit multiplex presents an excellent opportunity for investors seeking immediate rental income with built-in occupancy. Two of the three units are already filled, providing steady cash flow from day one. The property offers three distinct rental units, each with its own full bathroom. The

    Darson Grantham Keller Williams Realty GDM

    Section Image
  • 1208 West St, Des Moines, IA 50315

    $245,000

    • Studio
    • 3 Baths
    • 1,876 Sq Ft
    • 1208 West St
    • Des Moines, IA

    This is a great turnkey rental property. Consists of a 964 sqft 2 bedroom raised ranch home with afinishable 3rd bedroom in the basement and a duplex each side consists of 1 bed 1 bath units. The single-family home does have a full basement with separate furnaces and a very nice two-car garage! Total rentis 2600 and Landlord pays for utilities. Both of the properties have a newer roof

    Darson Grantham Keller Williams Realty GDM

    Section Image
  • 4333 Grand Ave, Des Moines, IA 50312

    $220,000

    • Studio
    • 3 Baths
    • 1,983 Sq Ft
    • 4333 Grand Ave
    • Des Moines, IA

    Investors looking for a slam dunk! First time Buyer looking for a house hack? Don't miss your chance to see this historic property! With much of the work already done, this property is some light sweat equity away from being a cash, flowing machine! Tons of potential for long-term rental, Airbnb, or a primary residence! This split front door duplex is looking for its new owner!

    Dillon Bradshaw RE/MAX Revolution

    Section Image
  • 1067 37th St, Des Moines, IA 50311

    $190,000

    • Studio
    • 3 Baths
    • 2,339 Sq Ft
    • 1067 37th St
    • Des Moines, IA

    Check out this historic property right in the heart of Des Moines. The seller was raised in this duplex, then raised their children here, and now it is time for a new family. This up down duplex features two separate units as well as a third-floor finished dormer that could be incorporated into the second-floor apartment, with access from the second floor and a third-floor exterior door. The main

    Dan Vierling Iowa Realty Mills Crossing

    Section Image
  • 1152 27th St, Des Moines, IA 50311

    $240,000

    • Studio
    • 3 Baths
    • 2,704 Sq Ft
    • 1152 27th St
    • Des Moines, IA

    1150-1152 duplex very close to Drake! Main level unit offers 3 bedrooms, 2 full baths, kitchen and laundry. The upper level unit has 3 bedrooms, 1 full bath and kitchen. House has recently been fixed up. The current owner has not rented it since he purchased. Units have separate gas and electric meters. New concrete driveway and parking pad in the back. Shingles were replaced 2018 per prior

    Benjamin Van Zee RE/MAX Precision

    Section Image
  • 1825 7th St, Des Moines, IA 50314

    $200,000

    • Studio
    • 5 Baths
    • 2,709 Sq Ft
    • 1825 7th St
    • Des Moines, IA

    Such an amazing chance to start or build your investment portfolio. This fully rented multifamily property brings in steady income and has been well maintained. Located centrally with easy access to everything, it is attractive for renters. Must request showing AT LEAST 48 hours in advance.

    Sarah Shaffer Realty ONE Group Impact

    Section Image
  • 3419 1st St, Des Moines, IA 50313

    $249,900

    • Studio
    • 7 Baths
    • 3,306 Sq Ft
    • 3419 1st St
    • Des Moines, IA

    Investor’s dream in the heart of Highland Park! This fully occupied 7-unit multi-family property offers strong, consistent income and holds a current rental certificate, making it a perfect turnkey addition to your portfolio. Originally a single-family home, this property has been thoughtfully converted into a 7-plex with a mix of unit sizes, offering steady demand in a highly rentable location.

    Angela Ousley Zealty Home Advisors

    Section Image
  • 1464 E 14th St, Des Moines, IA 50316

    $220,000

    • Studio
    • 4 Baths
    • 1,960 Sq Ft
    • 1464 E 14th St
    • Des Moines, IA

    $2,500 gross rent per month. Solid value add opportunity to increase rents over time and remodel units at turn over. Property south of Grandview University on the west side of E. 14th Street. 2 one bedroom units. 2 efficiency units. Owner pays water and the common area MidAmerican. 5 separate meters. Rental certificate good through December 2027.

    Rainey Cook Realty ONE Group Impact

    Section Image
See All Homes in Des Moines

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gdm Properties Llc $84,500 Itc
Gerken Vitus F -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2012 08/24/12 Sold $85,000 -26.1% $68 / Sq Ft
08/21/2012 08/21/12 Pending -- -- --
05/02/2012 05/02/12 For Sale $115,000 -- $92 / 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 $3,322 $168,900 $32,200 $136,700
2023 $3,436 $168,900 $32,200 $136,700
2022 $3,410 $145,800 $29,100 $116,700
2021 $3,220 $145,800 $29,100 $116,700
2020 $3,344 $129,000 $25,900 $103,100
2019 $3,104 $129,000 $25,900 $103,100
2018 $3,072 $115,500 $22,600 $92,900
2017 $2,732 $115,500 $22,600 $92,900
2016 $2,662 $101,000 $19,700 $81,300
2015 $2,662 $101,000 $19,700 $81,300
2014 $2,546 $95,800 $18,300 $77,500
Source: Public Records

Agents Affiliated with this Home

  • Martha Kimberley

    Seller's Agent in 2012

    Martha Kimberley

    Iowa Realty Ankeny

    (515) 238-7457

    38 Total Sales

    Martha Kimberley
    Section Image

  • N

    Seller Co-Listing Agent in 2012

    NATALIE KIMBERLEY

    Iowa Realty Ankeny

    (515) 321-9398

    23 Total Sales

    NATALIE KIMBERLEY
    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 400529

Des Moines Area Association of REALTORS®

APN: 100-11903000000

Iowa Polk County Des Moines 50311 Merle Hay

5717 University Ave, Des Moines, IA

This home is located at 5717 University Ave, Des Moines, IA 50311 since 02 May 2012 and is currently estimated at $191,121, approximately $152 per square foot. This property was built in 1948. 5717 University Ave is a home located in Polk County with nearby schools including Windsor Elementary School, Merrill 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.

Nearby Homes