NOT LISTED FOR SALE

Estimated Value: $366,433 - $374,000

Studio
7 Baths
3,174 Sq Ft
$117/Sq Ft Est. Value

Highlights

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

About This Home

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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

10,000 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Feb 21, 2023
Sold by
Bought by
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
$370,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,783
Avg. Annual Appreciation
-2.55%
Original Mortgage
$328,000
Outstanding Balance
$297,128
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$73,089

Purchase Details

Listed on
Nov 27, 2019
Closed on
Jan 29, 2020
Sold by
Bought by
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
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2006
Sold by
Bought by

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Sherman Hill, IA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$405,000 --
$223,000 None Available
-- None Available
$160,500 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $23,147
Open $328,000
Previous Owner $205,000
Previous Owner $142,500
Previous Owner $600,000
Previous Owner $154,000
Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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