T
Seller's Agent in 2022
Tim Hegwood
PMI Realty Central Iowa
(515) 303-1027
1 in this area
33 Total Sales
670 18th St Des Moines, IA 50314
Sherman Hill NeighborhoodEstimated Value: $283,000 - $324,838
--
Bed
5
Baths
2,293
Sq Ft
$133/Sq Ft
Est. Value
Highlights
- 5 Kitchens
- Laundry Room
- Wood Siding
- No HOA
- Forced Air Heating and Cooling System
- Carpet
About This Home
As of October 2022Turnkey rental property in the Sherman Hill Neighborhood! This property has had all units renovated over the past 3 years and is fully occupied. This 5 unit property consists of two studios and three 1-bedroom/1-bath units. RUBS has been installed for water/gas on the 1BR units. Electric is individually metered on all units. Dedicated central heat and AC to each unit. Coin laundry machines on-site. Existing rental certificate is good through July 11, 2024.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,276
Year Built
- Built in 1880
Lot Details
- 6,250 Sq Ft Lot
- Lot Dimensions are 50x125
Home Design
- Brick Foundation
- Asphalt Shingled Roof
- Wood Siding
Interior Spaces
- 5 Bathrooms
- 2,293 Sq Ft Home
- 2-Story Property
- Carpet
- Fire and Smoke Detector
- Unfinished Basement
Kitchen
- 5 Kitchens
- Stove
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 03004207000000
Community Details
Overview
- No Home Owners Association
- Pmi Central Iowa Association, Phone Number (515) 303-1027
Recreation
- Snow Removal
Building Details
- Operating Expense $13,500
- Gross Income $36,960
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 9, 2022
Closed on
Oct 31, 2022
Sold by
Setstone Realty Llc
Bought by
Currie Properties Llc
Seller's Agent
Tim Hegwood
PMI Realty Central Iowa
Buyer's Agent
Sarah Morton
Realty ONE Group Impact
List Price
$284,500
Sold Price
$286,000
Premium/Discount to List
$1,500
0.53%
Views
4
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
$15,987
Avg. Annual Appreciation
0.88%
Original Mortgage
$228,800
Outstanding Balance
$225,660
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$67,343
Purchase Details
Closed on
May 31, 2019
Sold by
Camp 1 Capital Llc
Bought by
Setstone Realty Llc
Purchase Details
Listed on
May 15, 2017
Closed on
Jun 2, 2017
Sold by
Shawoa Llc
Bought by
Camp 1 Capital Llc
Seller's Agent
B.J. Knapp
Iowa Realty Mills Crossing
Buyer's Agent
Dillon Temple
Blackacre Realty, LLC
List Price
$199,900
Sold Price
$184,900
Premium/Discount to List
-$15,000
-7.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.79%
Purchase Details
Listed on
Jul 9, 2013
Closed on
Oct 21, 2013
Sold by
Sotiria Properties Llc
Bought by
Shawea Llc
Seller's Agent
Timothy Schutte
EXIT Realty & Associates
Buyer's Agent
Diane Bjorholm
1 Percent Lists Evolution
List Price
$200,000
Sold Price
$182,500
Premium/Discount to List
-$17,500
-8.75%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.36%
Original Mortgage
$146,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 13, 2010
Sold by
Kalsem Kenneth L and Kalsem June L
Bought by
Sotiria Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,000
Interest Rate
5%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Currie Properties Llc | $286,000 | -- | |
| Setstone Realty Llc | $187,000 | None Available | |
| Camp 1 Capital Llc | $185,000 | None Available | |
| Shawea Llc | $182,500 | None Available | |
| Sotiria Properties Llc | $42,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Currie Properties Llc | $228,800 | |
| Previous Owner | Camp 1 Capital Llc A Limited Liablity Co | $202,000 | |
| Previous Owner | Shawea Llc | $146,000 | |
| Previous Owner | Sotiria Properties Llc | $110,000 | |
| Previous Owner | Sotiria Properties Llc | $29,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2022 10/31/22 | Sold | $286,000 | +0.5% | $125 / Sq Ft |
| 09/18/2022 09/18/22 | Pending | -- | -- | -- |
| 09/09/2022 09/09/22 | For Sale | $284,500 | +53.9% | $124 / Sq Ft |
| 06/05/2017 06/05/17 | Sold | $184,900 | -7.5% | $81 / Sq Ft |
| 06/05/2017 06/05/17 | Pending | -- | -- | -- |
| 05/15/2017 05/15/17 | For Sale | $199,900 | +9.5% | $87 / Sq Ft |
| 10/30/2013 10/30/13 | Sold | $182,500 | -8.8% | $87 / Sq Ft |
| 10/18/2013 10/18/13 | Pending | -- | -- | -- |
| 07/09/2013 07/09/13 | For Sale | $200,000 | -- | $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 | $3,768 | $185,000 | $16,600 | $168,400 |
| 2023 | $3,658 | $185,000 | $16,600 | $168,400 |
| 2022 | $4,276 | $150,000 | $16,600 | $133,400 |
| 2021 | $3,798 | $150,000 | $16,600 | $133,400 |
| 2020 | $4,256 | $123,000 | $15,100 | $107,900 |
| 2019 | $3,726 | $123,000 | $15,100 | $107,900 |
| 2018 | $3,962 | $102,000 | $15,100 | $86,900 |
| 2017 | $3,720 | $102,000 | $15,100 | $86,900 |
| 2016 | $3,878 | $92,000 | $12,500 | $79,500 |
| 2015 | $3,878 | $92,000 | $12,500 | $79,500 |
| 2014 | $3,784 | $82,000 | $12,500 | $69,500 |
Source: Public Records
Agents Affiliated with this Home
-
-
S
Buyer's Agent in 2022
Sarah Morton
Realty ONE Group Impact
(515) 306-1806
1 in this area
11 Total Sales
-
Seller's Agent in 2017
B.J. Knapp
Iowa Realty Mills Crossing
(515) 669-5952
161 Total Sales
-
D
Buyer's Agent in 2017
Dillon Temple
Blackacre Realty, LLC
-
Seller's Agent in 2013
Timothy Schutte
EXIT Realty & Associates
(515) 681-5677
3 in this area
202 Total Sales
-
Buyer's Agent in 2013
Diane Bjorholm
1 Percent Lists Evolution
(515) 205-8570
79 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 659859
APN: 030-04207000000
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