6220 Franklin Ave Des Moines, IA 50322
Merle Hay NeighborhoodEstimated Value: $246,000 - $283,860
4
Beds
1
Bath
1,614
Sq Ft
$163/Sq Ft
Est. Value
Highlights
- 2 Kitchens
- No HOA
- Storage
- Ranch Style House
- Laundry Room
- Tile Flooring
About This Home
As of February 2024Discover the perfect investment property in this well-maintained ranch style duplex. Situated in a desirable neighborhood, one side is currently rented by long term tenants providing a steady monthly income of $1,090, while the other side is recently leased at $1,290 per month. Whether you're an investor looking for a great return or a homeowner interested in the benefits of rental income, this property is a must-see. Connect with your agent to tour this opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,348
Year Built
- Built in 1972
Lot Details
- 10,200
Home Design
- Ranch Style House
- Block Foundation
- Asphalt Shingled Roof
Interior Spaces
- 1 Full Bathroom
- 1,614 Sq Ft Home
- Storage
- Unfinished Basement
- Natural lighting in basement
Kitchen
- 2 Kitchens
- Stove
- Cooktop
- Microwave
- Dishwasher
Flooring
- Carpet
- Tile
- Vinyl
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 2 Car Detached Garage
- Driveway
Additional Features
- 10,200 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 100/11455-010-002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 27, 2023
Closed on
Feb 5, 2024
Sold by
K & N Equity Llc
Bought by
Chen Yuxue and Zheng Shirong
Seller's Agent
Shane Campfield
Century 21 Signature Real Esta
Buyer's Agent
OUTSIDE AGENT
OTHER
List Price
$270,000
Sold Price
$254,000
Premium/Discount to List
-$16,000
-5.93%
Total Days on Market
49
Views
120
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
$8,465
Avg. Annual Appreciation
2.55%
Original Mortgage
$203,200
Outstanding Balance
$200,591
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$61,874
Purchase Details
Listed on
May 2, 2012
Closed on
Jun 27, 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
$155,000
Sold Price
$145,000
Premium/Discount to List
-$10,000
-6.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.95%
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
Similar Homes in Des Moines, IA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chen Yuxue | $254,000 | None Listed On Document | |
| Gdm Properties Llc | $144,500 | Itc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chen Yuxue | $203,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/06/2024 02/06/24 | Sold | $254,000 | -3.8% | $157 / Sq Ft |
| 12/15/2023 12/15/23 | Pending | -- | -- | -- |
| 11/14/2023 11/14/23 | Price Changed | $264,000 | -2.2% | $164 / Sq Ft |
| 10/27/2023 10/27/23 | For Sale | $270,000 | +86.2% | $167 / Sq Ft |
| 06/29/2012 06/29/12 | Sold | $145,000 | -6.5% | $90 / Sq Ft |
| 06/29/2012 06/29/12 | Pending | -- | -- | -- |
| 05/02/2012 05/02/12 | For Sale | $155,000 | -- | $96 / 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 |
|---|---|---|---|---|
| 2024 | $5,292 | $269,000 | $45,000 | $224,000 |
| 2023 | $5,426 | $269,000 | $45,000 | $224,000 |
| 2022 | $5,384 | $230,200 | $40,600 | $189,600 |
| 2021 | $5,154 | $230,200 | $40,600 | $189,600 |
| 2020 | $5,354 | $206,500 | $36,200 | $170,300 |
| 2019 | $4,902 | $206,500 | $36,200 | $170,300 |
| 2018 | $4,852 | $182,400 | $31,600 | $150,800 |
| 2017 | $4,398 | $182,400 | $31,600 | $150,800 |
| 2016 | $4,284 | $162,600 | $27,500 | $135,100 |
| 2015 | $4,284 | $162,600 | $27,500 | $135,100 |
| 2014 | $3,906 | $147,000 | $24,400 | $122,600 |
Source: Public Records
Agents Affiliated with this Home
-
Shane Campfield
S
Seller's Agent in 2024
Shane Campfield
Century 21 Signature Real Esta
(515) 291-3589
1 in this area
73 Total Sales
-
OUTSIDE AGENT
O
Buyer's Agent in 2024
OUTSIDE AGENT
OTHER
34 in this area
5,785 Total Sales
-
Martha Kimberley
Seller's Agent in 2012
Martha Kimberley
Iowa Realty Ankeny
(515) 238-7457
40 Total Sales
-
NATALIE KIMBERLEY
N
Seller Co-Listing Agent in 2012
NATALIE KIMBERLEY
Iowa Realty Ankeny
(515) 321-9398
25 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 684918
APN: 100-11455010002
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