NOT LISTED FOR SALE

5717 University Ave Des Moines, IA 50311

Merle Hay Neighborhood

Estimated Value: $185,000 - $209,343

2 Beds
4 Baths
1,254 Sq Ft
$157/Sq Ft Est. Value

Last Sold August 24, 2012

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

Est. 132% increase in value since last sale

Current estimated payment $1,307/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

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%
Current Estimated Value
$196,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,836
Avg. Annual Appreciation
6.57%

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

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
Gdm Properties Llc $84,500 Itc
Gerken Vitus F -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $3,322 $188,000 $36,600 $151,400
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

    31 Total Sales

    Martha Kimberley
    Section Image

  • N

    Seller Co-Listing Agent in 2012

    NATALIE KIMBERLEY

    Iowa Realty Ankeny

    (515) 321-9398

    22 Total Sales

    NATALIE KIMBERLEY
    Section Image
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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

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