NOT LISTED FOR SALE

Estimated Value: $428,000

Studio
7 Baths
3,174 Sq Ft
$135/Sq Ft Est. Value

Last Sold March 06, 2023

Last sale price $405,000 $128 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,817/month

189 Days on Market

Highlights

  • No HOA
  • Storage
  • Wood Siding
  • Laundry Room
  • Forced Air Heating System

About This Home

As of March 2023

Great opportunity for cash flow on this 7-plex in Historical Des Moines Neighborhood. All units but 1 are currently rented. Lots of updates on each unit. Two 2-bedroom units and five 1-bedroom units. AC units included for all units. Current on rental certificate. Close to downtown, I-235 and shopping. Call today for a private showing.

Last Agent to Sell the Property

Ryan Mathews

RE/MAX Revolution Listed on: 07/19/2022

RE/MAX Revolution

Last Buyer's Agent

Grant Beck

RE/MAX Revolution

RE/MAX Revolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,082

Year Built

  • Built in 1885

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 80x125

Parking

  • Gravel Driveway

Home Design

  • Brick Foundation
  • Block Foundation
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 3,174 Sq Ft Home
  • 2-Story Property
  • Storage
  • Laundry Room
  • Stove
  • Partially Finished Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 03000448000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,082

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 125.99
  • Sp Amt Sq Ft: 127.60
  • Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 7
  • Stoves Total: 7
  • Interior Amenities: See Reserved Items
  • Total Bathrooms: 7.00
  • Full Bathrooms: 6
  • First Floor Full Bathrooms: 5
  • Second Floor Full Bathrooms: 1
  • Partial Bath Total: 1
  • Basement Description: Partial Finished
  • Laundry: Yes
  • Storage: Yes
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 3174
  • Partial Bathrooms: 1
  • Total Sq Ft: 3174

Exterior Features

  • Exterior: Wood
  • Foundation: Brick, Concrete Block
  • Roof: Asphalt Shingle
  • Sidewalk: Y
  • Street Feature: Concrete
  • Trim: Paint

Garage/Parking

  • Driveway: Gravel
  • Off Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Lot Info

  • Acres: 0.2300
  • Lot S F: 10000
  • Lot Shape: Regular
  • Lot Size: 80X125
  • Assessor Parcel Number: 03000448000000
  • Zoning: R-HD

Rental Info

  • Deposit: Yes
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Landlord, Gas Landlord, Insurance Landlord, Janitor Owner, Misc Exp Landlord, Taxes Owner, Water Landlord

Tax Info

  • Gross Taxes: 8081.88
  • Net Taxes: 8081.88

Multi Family

  • Total Units: 7

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Feb 21, 2023
Sold by
Tmorrow Properties Llc
Bought by
Crowley Holdings Llc
Seller's Agent
Ryan Mathews
RE/MAX Revolution
Buyer's Agent
Grant Beck
RE/MAX Revolution
List Price
$399,900
Sold Price
$405,000
Premium/Discount to List
$5,100
1.28%
Views
52
Current Estimated Value
$428,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,000
Avg. Annual Appreciation
1.92%
Original Mortgage
$328,000
Outstanding Balance
$304,634
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$123,366

Purchase Details

Listed on
Nov 27, 2019
Closed on
Jan 29, 2020
Sold by
Camp 1 Capital Llc
Bought by
Tmorrow Properties Llc
Seller's Agent
Joel Conner
Realty ONE Group Impact
Buyer's Agent
Mary Foley
Liberty Realty Group
List Price
$225,000
Sold Price
$223,000
Premium/Discount to List
-$2,000
-0.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.23%
Original Mortgage
$205,000
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 8, 2016
Sold by
Lafrance Maria and Hostager Dan
Bought by
Camp 1 Capital Llc

Purchase Details

Closed on
Sep 29, 2006
Sold by
Caulfield Mark D and Caulfield Cindy L
Bought by
Hostager Dan and Lafrance Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
7.85%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Crowley Holdings Llc $405,000 --
Tmorrow Properties Llc $223,000 None Available
Camp 1 Capital Llc -- None Available
Hostager Dan $160,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crowley Holdings Llc $328,000
Previous Owner Tmorrow Properties Llc $205,000
Previous Owner Hostager Dan $154,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/06/2023 03/06/23 Sold $405,000 +1.3% $128 / Sq Ft
01/24/2023 01/24/23 Pending -- -- --
01/20/2023 01/20/23 For Sale $399,900 -1.3% $126 / Sq Ft
01/14/2023 01/14/23 Off Market $405,000 -- --
12/27/2022 12/27/22 For Sale $399,900 0.0% $126 / Sq Ft
09/19/2022 09/19/22 Pending -- -- --
08/18/2022 08/18/22 For Sale $399,900 0.0% $126 / Sq Ft
08/16/2022 08/16/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $399,900 +79.3% $126 / Sq Ft
01/30/2020 01/30/20 Sold $223,000 -0.9% $70 / Sq Ft View Prior Sale
01/30/2020 01/30/20 Pending -- -- --
11/27/2019 11/27/19 For Sale $225,000 -- $71 / Sq Ft
Source: Des Moines Area Association of REALTORS®

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 $6,538 $347,000 $26,600 $320,400
2024 $6,538 $321,000 $26,600 $294,400
2023 $6,366 $321,000 $26,600 $294,400
2022 $7,438 $261,000 $26,600 $234,400
2021 $6,606 $261,000 $26,600 $234,400
2020 $7,406 $214,000 $24,100 $189,900
2019 $6,504 $214,000 $24,100 $189,900
2018 $6,914 $178,000 $24,100 $153,900
2017 $6,508 $178,000 $24,100 $153,900
2016 $6,786 $161,000 $20,100 $140,900
2015 $6,786 $161,000 $20,100 $140,900
2014 $6,598 $143,000 $20,100 $122,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 656570

Des Moines Area Association of REALTORS®

APN: 030-00448000000