Seller's Agent in 2023
Darson Grantham
Keller Williams Realty GDM
(641) 745-0156
13 in this area
205 Total Sales
6503 Hickman Rd Des Moines, IA 50322
Merle Hay Neighborhood
--
Bed
3
Baths
2,918
Sq Ft
0.35
Acres
Highlights
- 2 Kitchens
- No HOA
- Forced Air Heating and Cooling System
- Ranch Style House
- Laundry Room
About This Home
As of December 2023Today 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,436
Year Built
- Built in 1940
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,522
Avg. Annual Appreciation
-2.88%
Original Mortgage
$333,841
Outstanding Balance
$329,912
Interest Rate
7.44%
Mortgage Type
FHA
Estimated Equity
-$5,328
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $340,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $13,159 | New Conventional | |
| Open | $333,841 | FHA |
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
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
-
-
Buyer's Agent in 2023
Audra Sypolt
RE/MAX
(515) 783-8310
14 in this area
275 Total Sales
-
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
3 in this area
135 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 685431
APN: 100/12903-007-001
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.
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