NOT LISTED FOR SALE
Studio
2 Baths
4,180 Sq Ft
7,875 Sq Ft Lot

Sale Details

Date Sold: December 2, 2021

Last sale price $535,000 $128 Per Sq Ft

10 Days on Market

Highlights

  • 5 Kitchens
  • Storage
  • Hot Water Heating System
  • No HOA
  • Tile Flooring

About This Home

As of December 2021

Great multi-unit opportunity for investors in Historic Sherman Hill. Three 2 bedroom, 2.5 baths and two 1 bed, 1 bath units (4/5 units tenant occupied). Conveniently located and minutes away from Downtown, Ingersoll and the Interstate. The property underwent historic renovation in 2012: electrical, plumping, framing, kitchens, and windows. All appliances are staying.

Last Agent to Sell the Property

Timothy Schutte

EXIT Realty & Associates Listed on: 09/24/2021

EXIT Realty & Associates

Co-Listed By

Jasmina Salkic-Schutte

EXIT Realty & Associates

Last Buyer's Agent

larry white

Keller Williams Realty GDM

Keller Williams Realty GDM
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,149

Year Built

  • Built in 1924

Lot Details

  • 7,875 Sq Ft Lot
  • Lot Dimensions are 63x125

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rolled or Hot Mop Roof

Interior Spaces

  • 4,180 Sq Ft Home
  • 2-Story Property
  • Storage
  • Fire and Smoke Detector
  • Unfinished Basement

Kitchen

  • 5 Kitchens
  • Stove
  • Freezer
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Radiant Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 03000315001000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,149

Year Built

Built in 1924

Lot Details

7,875 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 138.76
  • Sp Amt Sq Ft: 127.99
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Dishwashers: 5
  • Refrigerators: 5
  • Stoves Total: 5
  • Interior Amenities: Carpeting, Laminate Floors, Smoke Detector, Tile Floors
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • First Floor Full Bathrooms: 1
  • Second Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Kitchens: 5
  • Storage: Yes
  • Half Bathrooms: 1
  • Included Items: Dishwasher, Dryer, Freezer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 4180
  • Partial Bathrooms: 1
  • Total Sq Ft: 4180

Exterior Features

  • Exterior: Brick
  • Foundation: Brick
  • Roof: Roll Roofing
  • Street Feature: Concrete, Public Sidewalk
  • Trim: Paint

Garage/Parking

  • Driveway: Concrete
  • Off Street Parking: yes

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Hot Water, Radiant

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.1810
  • Lot S F: 7875
  • Lot Shape: Regular
  • Lot Size: 63X125
  • Assessor Parcel Number: 03000315001000
  • Zoning: NX2A

Rental Info

  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Landlord, Janitor Owner, Taxes Owner, Water Owner

Tax Info

  • Gross Taxes: 4149.31
  • Net Taxes: 4149.31

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
Oct 3, 2014
Closed on
Nov 26, 2014
Sold by
Bought by
Seller's Agent
Timothy Schutte
EXIT Realty & Associates
Buyer's Agent
Timothy Schutte
EXIT Realty & Associates
List Price
$430,000
Sold Price
$398,000
Premium/Discount to List
-$32,000
-7.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,400
Outstanding Balance
$208,462
Interest Rate
3.99%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 21, 2012
Sold by
Bought by
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
$398,000 None Available
$9,500 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 $25,000
Open $318,400
Previous Owner $240,000
Previous Owner $150,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2021 12/02/21 Sold $535,000 -7.8% $128 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $580,000 +45.7% $139 / Sq Ft
12/19/2014 12/19/14 Sold $398,000 -7.4% -- View Prior Sale
11/17/2014 11/17/14 Pending -- -- --
10/03/2014 10/03/14 For Sale $430,000 -- --
Source: Des Moines Area Association of REALTORS®

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 $4,358 $460,000 $20,900 $439,100
2024 $4,358 $426,000 $20,900 $405,100
2023 $3,268 $426,000 $20,900 $405,100
2022 $3,820 $346,000 $20,900 $325,100
2021 $3,088 $346,000 $20,900 $325,100
2020 $5,676 $312,000 $19,000 $293,000
2019 $3,654 $376,000 $19,000 $357,000
2018 $3,884 $312,000 $19,000 $293,000
2017 $2,830 $312,000 $19,000 $293,000
2016 $2,950 $282,000 $16,000 $266,000
2015 $2,950 $282,000 $16,000 $266,000
2014 $2,390 $266,000 $16,000 $250,000
Source: Public Records

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 638277

Des Moines Area Association of REALTORS®
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