NOT LISTED FOR SALE

6503 Hickman Rd Des Moines, IA 50322

Merle Hay Neighborhood

Estimated Value: $284,000 - $361,000

-- Bed
3 Baths
2,918 Sq Ft
$111/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $340,000 $117 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,134/month

20 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Forced Air Heating and Cooling System
  • Ranch Style House
  • Laundry Room

About This Home

As of December 2023

Today we are presenting this outstanding investment opportunity in the form of a well-maintained built-for-purpose duplex. Each side of this duplex basically mirrors the other, offering three generously sized bedrooms and an expansive living area, perfect for modern living. The detailed floor plans included in the photos provide a clear overview of the thoughtful layout. -------- Video walkthrough available upon request.

-------- In 2020, the property underwent a comprehensive renovation. This renovation included updates to all major systems, ensuring that every aspect of the duplex meets current standards. The renovations were conducted with all necessary permits, complying with the requirements to maintain the tax abatement status.

-------- This property has ample parking space available, a feature highly sought after by tenants. Currently, both units are occupied under lease agreements, with one unit renting for $1,300 per month and the other at $1,250.

-------- Another unique selling point of this property is the partial tax abatement still in effect for approximately seven more years. This abatement translates into annual savings of over $4,000—a notable financial benefit for any investor.

-------- For an investor looking to add a high-potential, low-maintenance property to their portfolio, this duplex is an ideal choice. It's a property that promises not just returns but also ease of management and long-term satisfaction for both the owner and the tenants.

Last Agent to Sell the Property

Darson Grantham

Keller Williams Realty GDM Listed on: 11/14/2023

Keller Williams Realty GDM

Last Buyer's Agent

Audra Sypolt

RE/MAX Concepts

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,436

Year Built

  • Built in 1940

Lot Details

  • 0.35

Parking

  • Driveway

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,918 Sq Ft Home
  • Crawl Space

Kitchen

  • 2 Kitchens
  • Stove
  • Microwave
  • Dishwasher

Laundry

  • Laundry Room
  • Washer

Additional Features

  • 0.35 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 10012903007001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $2,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,436

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 119.95
  • Sp Amt Sq Ft: 116.52
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 2
  • Disposals: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Third Floor Full Bathrooms: 3
  • Basement Description: Crawl Space
  • Kitchens: 2
  • Laundry: Yes
  • Included Items: Dishwasher, Microwave, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 2918
  • Total Sq Ft: 2918

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle

Garage/Parking

  • Driveway: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: y

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.3490
  • Lot S F: 15219
  • Lot Shape: Regular
  • Assessor Parcel Number: 10012903007001
  • Zoning: Resid

Rental Info

  • Furnished: No

Tax Info

  • Gross Taxes: 2436.00
  • Net Taxes: 2436.00
  • Tax Year: 2022

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2023
Closed on
Dec 21, 2023
Sold by
Papa Bear Llc
Bought by
Cabrera Yoan G Gonzalez
Seller's Agent
Darson Grantham
Keller Williams Realty GDM
Buyer's Agent
Audra Sypolt
RE/MAX Concepts
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%
Views
16
Current Estimated Value
$324,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,416
Avg. Annual Appreciation
-3.09%
Original Mortgage
$333,841
Outstanding Balance
$329,912
Interest Rate
7.44%
Mortgage Type
FHA
Estimated Equity
-$5,328
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
Cabrera Yoan G Gonzalez $340,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cabrera Yoan G Gonzalez $13,159
Open Cabrera Yoan G Gonzalez $333,841
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $340,000 -2.9% $117 / Sq Ft
12/04/2023 12/04/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $350,000 +400.0% $120 / Sq Ft
08/22/2017 08/22/17 Sold $70,000 +7.7% $24 / Sq Ft
07/31/2017 07/31/17 Pending -- -- --
07/07/2017 07/07/17 For Sale $65,000 -- $22 / 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 -- $120,800 $52,700 $68,100
2023 -- $289,900 $52,700 $237,200
Source: Public Records

Agents Affiliated with this Home

  • Darson Grantham

    Seller's Agent in 2023

    Darson Grantham

    Keller Williams Realty GDM

    (641) 745-0156

    12 in this area

    200 Total Sales

    Darson Grantham
    Section Image
  • Audra Sypolt

    Buyer's Agent in 2023

    Audra Sypolt

    RE/MAX

    (515) 783-8310

    14 in this area

    285 Total Sales

    Audra Sypolt
    Section Image

  • A

    Seller's Agent in 2017

    Adam Littman

    Iowa Realty Beaverdale

  • M

    Buyer's Agent in 2017

    Mitch Coluzzi

    Real Broker, LLC

    (515) 518-1111

    2 in this area

    132 Total Sales

    Mitch Coluzzi
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 685431

Des Moines Area Association of REALTORS®

APN: 100/12903-007-001

Iowa Polk County Des Moines 50322 Merle Hay

6503 Hickman Rd, Des Moines, IA

This home is located at 6503 Hickman Rd, Des Moines, IA 50322 since 14 November 2023 and is currently estimated at $324,584, approximately $111 per square foot. This property was built in 1940. 6503 Hickman Rd is a home located in Polk County with nearby schools including Hillis Elementary School, Meredith Middle School, and Hoover 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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