NOT LISTED FOR SALE

6226 Franklin Ave Des Moines, IA 50322

Merle Hay Neighborhood

Estimated Value: $261,000 - $301,752

-- Bed
2 Baths
1,920 Sq Ft
$143/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $258,000 $134 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,973/month

8 Days on Market

Highlights

  • 2 Kitchens
  • Laundry Room
  • Forced Air Heating and Cooling System
  • No HOA
  • Storage

About This Home

As of October 2023

Investors, these easy to lease units make for a great long term investment opportunity. Each side features a full basement, two bedrooms, and one bathroom. Tenants have separate entrances and each have their own 1 car bay in the detached garage and ample driveway parking. Currently rents are $1090 per month. Property can be purchased on it's own or together with 6220 Franklin Ave.

Last Listed By

Seth Walker

RE/MAX Concepts Listed on: 09/14/2023

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,420

Year Built

  • Built in 1973

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 82x150

Parking

  • 1 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Metal Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,920 Sq Ft Home
  • 2-Story Property
  • Storage
  • Laundry Room
  • 2 Kitchens
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 10011455010001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $2,180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,420

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 138.02
  • Sp Amt Sq Ft: 134.38
  • Termite: Follow Showing Instructions
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Dishwashers: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 960
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes
  • Living Area Sq Ft: 1920
  • Total Sq Ft: 1920

Exterior Features

  • Exterior: Brick, Metal Siding
  • Foundation: Concrete Block

Garage/Parking

  • Garage: 1 Detached

Utilities

  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.2820
  • Lot S F: 12300
  • Lot Size: 82X150
  • Assessor Parcel Number: 10011455010001
  • Zoning: N3B-2

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Water Landlord

Tax Info

  • Gross Taxes: 5420.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2024
Sold by
Gdm Properties Llc
Bought by
K & N Equity Llc
Total Days on Market
8
Current Estimated Value
$274,188

Purchase Details

Listed on
Sep 14, 2023
Closed on
Oct 30, 2023
Sold by
Merryman Joshua P and Merryman Madison M
Bought by
Merryman Properties Llc
Seller's Agent
Seth Walker
RE/MAX Concepts
Buyer's Agent
Seth Walker
RE/MAX Concepts
List Price
$290,000
Sold Price
$258,000
Premium/Discount to List
-$32,000
-11.03%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.01%
Original Mortgage
$206,400
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 14, 2023
Closed on
Oct 18, 2023
Sold by
Sparboe Garth D
Bought by
Gdm Properties Llc
Seller's Agent
Seth Walker
RE/MAX Concepts
Buyer's Agent
Seth Walker
RE/MAX Concepts
List Price
$290,000
Sold Price
$258,000
Premium/Discount to List
-$32,000
-11.03%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,400
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 14, 2023
Closed on
Oct 16, 2023
Sold by
K & N Equity Llc
Bought by
Merryman Madison M and Merryman Joshua P
Seller's Agent
Seth Walker
RE/MAX Concepts
Buyer's Agent
Seth Walker
RE/MAX Concepts
List Price
$290,000
Sold Price
$258,000
Premium/Discount to List
-$32,000
-11.03%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,400
Interest Rate
6.5%
Mortgage Type
New Conventional

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
$160,000
Sold Price
$145,000
Premium/Discount to List
-$15,000
-9.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.23%

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
K & N Equity Llc $180,000 None Listed On Document
Merryman Properties Llc -- None Listed On Document
Gdm Properties Llc -- None Listed On Document
K & N Equity Llc $180,000 None Listed On Document
Merryman Madison M $258,000 None Listed On Document
Gdm Properties Llc $144,500 Itc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merryman Madison M $206,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $258,000 -2.6% $134 / Sq Ft
09/22/2023 09/22/23 Pending -- -- --
09/21/2023 09/21/23 Price Changed $265,000 -8.6% $138 / Sq Ft
09/14/2023 09/14/23 For Sale $290,000 +100.0% $151 / Sq Ft
06/29/2012 06/29/12 Sold $145,000 -9.4% $76 / Sq Ft
06/29/2012 06/29/12 Pending -- -- --
05/02/2012 05/02/12 For Sale $160,000 -- $83 / 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 $5,258 $267,300 $44,200 $223,100
2023 $5,420 $267,300 $44,200 $223,100
2022 $5,380 $230,000 $39,900 $190,100
2021 $5,136 $230,000 $39,900 $190,100
2020 $5,336 $205,800 $35,500 $170,300
2019 $4,894 $205,800 $35,500 $170,300
2018 $4,844 $182,100 $31,000 $151,100
2017 $4,352 $182,100 $31,000 $151,100
2016 $4,240 $160,900 $27,000 $133,900
2015 $4,240 $160,900 $27,000 $133,900
2014 $3,884 $146,200 $24,000 $122,200
Source: Public Records

Agents Affiliated with this Home

  • Seth Walker

    Seller's Agent in 2023

    Seth Walker

    RE/MAX

    (515) 577-3728

    34 in this area

    542 Total Sales

    Seth Walker
    Section Image
  • Martha Kimberley

    Seller's Agent in 2012

    Martha Kimberley

    Iowa Realty Ankeny

    (515) 238-7457

    40 Total Sales

    Martha Kimberley
    Section Image

  • N

    Seller Co-Listing Agent in 2012

    NATALIE KIMBERLEY

    Iowa Realty Ankeny

    (515) 321-9398

    25 Total Sales

    NATALIE KIMBERLEY
    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 682053

Des Moines Area Association of REALTORS®

APN: 100-11455010001

Iowa Polk County Des Moines 50322 Merle Hay

6226 Franklin Ave, Des Moines, IA

Homes for Sale in Des Moines, IA

This home is located at 6226 Franklin Ave, Des Moines, IA 50322 since 14 September 2023 and is currently estimated at $274,188, approximately $142 per square foot. This property was built in 1973. 6226 Franklin Ave is a home located in Polk County with nearby schools including Cowles 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.

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