NOT LISTED FOR SALE

686 18th St Unit 1-5 Des Moines, IA 50314

Sherman Hill Neighborhood

Estimated Value: $311,000 - $465,815

-- Bed
6 Baths
2,806 Sq Ft
$138/Sq Ft Est. Value

Last Sold January 26, 2018

Last sale price $302,511 $108 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,382/month

52 Days on Market

Highlights

  • 5 Kitchens
  • Laundry Room
  • Forced Air Heating System
  • No HOA
  • Storage

About This Home

As of January 2018

Investment opportunity in historic Sherman Hill neighborhood, 4 apartments with storage plus garage rentals. Could be an owner occupied, First floor unit has over 1200 sqft. There are also 3 one bedrooms . Laundry on site, 2 separate driveway, one with alley access. Conveniently located near downtown, hospital and Des Moines University and Drake.

Last Agent to Sell the Property

Marcia Munger

Keller Williams Realty GDM Listed on: 11/27/2017

Keller Williams Realty GDM

Last Buyer's Agent

Ethan Hokel

Century 21 Signature

Century 21 Signature

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,244

Year Built

  • Built in 1885

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 60x125

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 6 Full Bathrooms
  • 2,806 Sq Ft Home
  • 2-Story Property
  • Storage
  • Laundry Room
  • 5 Kitchens

Parking

  • 2 Car Detached Garage
  • Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 03004210000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,244

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 106.91
  • Sp Amt Sq Ft: 107.81
  • Unit: 1-5
  • Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Dishwashers: 1
  • Disposals: 1
  • Refrigerators: 5
  • Stoves Total: 5
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • First Floor Full Bathrooms: 6
  • Kitchens: 5
  • Laundry: Yes
  • Storage: Yes
  • Living Area Sq Ft: 2806
  • Total Sq Ft: 2806

Exterior Features

  • Exterior: Frame
  • Foundation: Stone
  • Roof: Asphalt Shingle
  • Street Feature: Concrete, Public Sidewalk

Garage/Parking

  • Driveway: Concrete
  • Garage: 2 Detached

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Lot Info

  • Acres: 0.1720
  • Lot S F: 7500
  • Lot Size: 60X125
  • Assessor Parcel Number: 03004210000000
  • Zoning: R-HD

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Electric Landlord, Electric Tenant, Gas Landlord, Gas Tenant, Insurance Tenant, Misc Exp Tenant, Water Landlord

Tax Info

  • Gross Taxes: 4244.00
  • Net Taxes: 4244.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2017
Closed on
Jan 19, 2018
Sold by
Zen Holdings Llc
Bought by
Yerkes Carter
Seller's Agent
Marcia Munger
Keller Williams Realty GDM
Buyer's Agent
Ethan Hokel
Century 21 Signature
List Price
$300,000
Sold Price
$302,511
Premium/Discount to List
$2,511
0.84%
Current Estimated Value
$388,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,897
Avg. Annual Appreciation
3.27%
Original Mortgage
$272,250
Outstanding Balance
$229,334
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$159,074

Purchase Details

Closed on
Sep 7, 2014
Sold by
Zen Holdings Inc
Bought by
Zen Holdings Llc

Purchase Details

Closed on
Feb 1, 2008
Sold by
Sievers Jeremy R and Vetterlein Lisa P
Bought by
J L Sievers Llc

Purchase Details

Closed on
Aug 30, 2004
Sold by
Sievers James L and Sievers Karen Riley
Bought by
Sievers Jeremy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,500
Interest Rate
6.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2001
Sold by
Sievers James L and Sievers Karen Riley
Bought by
Sievers James L and Sievers Karen Riley

Purchase Details

Closed on
Apr 10, 2000
Sold by
Ben M Zell Residuary Trust
Bought by
Sievers James and Sievers Karen Riley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
8.29%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Yerkes Carter $303,000 None Available
Zen Holdings Llc -- None Available
J L Sievers Llc -- None Available
Sievers Jeremy R $124,500 --
Sievers James L -- --
Sievers James $48,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yerkes Carter $272,250
Previous Owner Sievers Jeremy R $128,500
Previous Owner Sievers James $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2018 01/26/18 Sold $302,511 +0.8% $108 / Sq Ft
01/18/2018 01/18/18 Pending -- -- --
11/27/2017 11/27/17 For Sale $300,000 -- $107 / 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
2025 $4,064 $287,000 $19,900 $267,100
2024 $4,064 $210,000 $19,900 $190,100
2023 $3,954 $210,000 $19,900 $190,100
2022 $4,656 $171,000 $19,900 $151,100
2021 $4,100 $171,000 $19,900 $151,100
2020 $4,610 $140,000 $18,100 $121,900
2019 $4,002 $140,000 $18,100 $121,900
2018 $4,506 $116,000 $18,100 $97,900
2017 $4,244 $116,000 $18,100 $97,900
2016 $4,426 $105,000 $15,000 $90,000
2015 $4,426 $105,000 $15,000 $90,000
2014 $4,116 $93,000 $15,000 $78,000
Source: Public Records

Agents Affiliated with this Home

  • Marcia Munger

    Seller's Agent in 2018

    Marcia Munger

    Keller Williams Realty GDM

    (515) 321-6607

    197 Total Sales

    Marcia Munger
    Section Image
  • Ethan Hokel

    Buyer's Agent in 2018

    Ethan Hokel

    Century 21 Signature

    (515) 981-2113

    2 in this area

    567 Total Sales

    Ethan Hokel
    Section Image
  • Jessica Gilligan

    Buyer Co-Listing Agent in 2018

    Jessica Gilligan

    Century 21 Signature

    (515) 975-4595

    189 Total Sales

    Jessica Gilligan
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 551486

Des Moines Area Association of REALTORS®

APN: 030-04210000000

Iowa Polk County Des Moines 50314 Sherman Hill

686 18th St Unit 1-5, Des Moines, IA

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