NOT LISTED FOR SALE

602 E Granger Ave Des Moines, IA 50315

McKinley School Neighborhood

Estimated Value: $178,000

Studio
4 Baths
2,648 Sq Ft
$67/Sq Ft Est. Value

Last Sold November 02, 2015

Last sale price $73,500 $28 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $1,165/month

171 Days on Market

Highlights

  • 4 Kitchens
  • No HOA
  • Forced Air Heating System

About This Home

As of November 2015

Calling all Investors! This Money Maker Opportunity showcases four units under one roof. Each have one bedroom. Two units up and two units down. Laundry is in the basement and could be coin operated for a larger return on the investment. The three car garage make it desirable for tenants as well as the location: Close to downtown and across from an Elementary School. Ask about the $10,000 grant money for home improvements through Neighborhood Finance Corporation. Make an appointment for a private tour for all the details.

Last Agent to Sell the Property

Pennie Carroll

Pennie Carroll & Associates Listed on: 04/24/2015

Last Buyer's Agent

Danny Ivankovich

Agency Iowa

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 9,600

Home Design

  • Frame Construction
  • Metal Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2-Story Property
  • 4 Kitchens

Additional Features

  • 9,600 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 02000693000000

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

9,600 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 8.00
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 4
  • Stoves Total: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • First Floor Full Bathrooms: 4
  • Kitchens: 4

Exterior Features

  • Exterior: Frame, Metal Siding

Utilities

  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.2200
  • Lot S F: 9600
  • Assessor Parcel Number: 02000693000000
  • Zoning: R1-60

Tax Info

  • Gross Taxes: 2918.00
  • Net Taxes: 2918.00
  • Assessor Parcel Number: 602EGRANGERAVEPOLKDESMOINE50315
  • Tax Year: 2014

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2015
Closed on
Nov 2, 2015
Sold by
First State Bank
Bought by
Katzenberger Bradley A
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Danny Ivankovich
Agency Iowa
List Price
$80,000
Sold Price
$73,500
Premium/Discount to List
-$6,500
-8.12%
Current Estimated Value
$178,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,500
Avg. Annual Appreciation
8.93%
Original Mortgage
$55,125
Outstanding Balance
$43,416
Interest Rate
3.91%
Mortgage Type
Commercial
Estimated Equity
$134,584

Purchase Details

Closed on
May 4, 2011
Sold by
Jesse Glen Dale
Bought by
Jesse Glen Dale and Jesse Cheryl

Purchase Details

Closed on
Aug 30, 2005
Sold by
Jesse Helen G
Bought by
Jesse Helen Grace and Jesse Glen Dale
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Katzenberger Bradley A $73,500 None Available
Jesse Glen Dale -- None Available
Jesse Helen Grace -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katzenberger Bradley A $55,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2025 02/10/25 Off Market $850 -- --
01/14/2025 01/14/25 For Rent -- -- --
10/08/2024 10/08/24 Off Market $850 -- --
12/01/2023 12/01/23 For Rent $850 0.0% --
11/02/2015 11/02/15 Sold $73,500 -8.1% $28 / Sq Ft
10/12/2015 10/12/15 Pending -- -- --
04/24/2015 04/24/15 For Sale $80,000 -- $30 / Sq Ft
Source: Des Moines Area Association of REALTORS®

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 $3,010 $165,000 $15,000 $150,000
2024 $3,010 $153,000 $13,200 $139,800
2023 $2,922 $153,000 $13,200 $139,800
2022 $3,416 $124,000 $11,000 $113,000
2021 $3,046 $124,000 $11,000 $113,000
2020 $3,422 $102,000 $10,000 $92,000
2019 $2,992 $102,000 $10,000 $92,000
2018 $3,182 $84,500 $10,000 $74,500
2017 $2,998 $84,500 $10,000 $74,500
2016 $3,126 $76,500 $8,400 $68,100
2015 $3,126 $76,500 $8,400 $68,100
2014 $2,918 $68,000 $8,400 $59,600
Source: Public Records

Agents Affiliated with this Home

  • Pennie Carroll

    Seller's Agent in 2015

    Pennie Carroll

    Pennie Carroll & Associates

    (515) 490-8025

    1 in this area

    1,212 Total Sales

    Pennie Carroll
    Section Image

  • D

    Buyer's Agent in 2015

    Danny Ivankovich

    Agency Iowa

    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 453094

Des Moines Area Association of REALTORS®

APN: 020-00693000000

Iowa Polk County Des Moines 50315 McKinley School

602 E Granger Ave, Des Moines, IA

Not Listed for Sale

MultiFamily

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