NOT LISTED FOR SALE

7500 SW 22nd St Des Moines, IA 50321

Southwestern Hills Neighborhood

Estimated Value: $4,085,366

2.64 Acres
$1,549,835 Price per Acre
114,824 Sq Ft Lot

Last Sold February 26, 2021

Last sale price $222,000

Est. 1,740% increase in value since last sale

Current estimated payment $23,417/month

About This Lot

As of February 2021

Easy access to the hwy 5 bypass and within 2 minutes drive to the airport. 10 year declining or 3 year 100% tax abatement available.

Last Agent to Sell the Property

David Welch

RE/MAX Precision Listed on: 05/28/2019

RE/MAX Precision

Co-Listed By

Elliot Rutt

RE/MAX Precision

Last Buyer's Agent

John Garvey

Proxymity

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,392

Lot Details

  • 2.64 Acre Lot
  • Level Lot
  • Property is zoned PUD

Additional Features

  • Electricity Available at Street
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 12000005615000

Property Details

Property Type

Land

Est. Annual Taxes

$24,392

Lot Details

0

Listing Details

  • Property Type: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Feature: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Electricity: Street
  • Gas: Natural

Lot Info

  • Acres: 2.6360
  • Lot S F: 114810
  • Lot Shape: Regular
  • Lot Type: Flat
  • Assessor Parcel Number: 12000005615000
  • Zoning: PUD

Tax Info

  • Gross Taxes: 55.23
  • Net Taxes: 55.23

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2024
Sold by
Iowa Equity Exchange Prkg 3001 Llc
Bought by
Edgington Bryan P
Current Estimated Value
$4,085,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,654,500
Outstanding Balance
$1,637,107
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$2,448,259

Purchase Details

Closed on
Sep 3, 2024
Sold by
Wies Bois Development Llc
Bought by
Iowa Equity Exchange Prkg 3001 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,654,500
Outstanding Balance
$1,637,107
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$2,448,259

Purchase Details

Listed on
May 28, 2019
Closed on
Feb 22, 2021
Sold by
Fleur Properties Llc
Bought by
Wies Bois Development Llc
Seller's Agent
David Welch
RE/MAX Precision
Buyer's Agent
John Garvey
Proxymity
List Price
$229,620
Sold Price
$222,000
Premium/Discount to List
-$7,620
-3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
86.57%
Original Mortgage
$216,950
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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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
Edgington Bryan P -- None Listed On Document
Edgington Bryan P -- None Listed On Document
Edgington Bryan P -- None Listed On Document
Iowa Equity Exchange Prkg 3001 Llc $4,000,000 None Listed On Document
Wies Bois Development Llc $222,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edgington Bryan P $1,654,500
Closed Edgington Bryan P $1,654,500
Previous Owner Wies Bois Development Llc $216,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2021 02/26/21 Sold $222,000 -3.3% --
01/27/2021 01/27/21 Pending -- -- --
05/28/2019 05/28/19 For Sale $229,620 -- --
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 $24,392 $2,780,000 $318,000 $2,462,000
2024 $24,392 $927,300 $279,000 $648,300
2023 $6,796 $2,440,000 $279,000 $2,161,000
2022 $60 $234,000 $234,000 $0
2021 $58 $2,290 $2,290 $0
2020 $60 $2,280 $2,280 $0
2019 $56 $2,280 $2,280 $0
2018 $56 $3,020 $3,020 $0
2017 $48 $3,020 $3,020 $0
2016 $48 $3,070 $3,070 $0
2015 $48 $3,070 $3,070 $0
2014 $10 $3,120 $3,120 $0
Source: Public Records

Agents Affiliated with this Home

  • David Welch

    Seller's Agent in 2021

    David Welch

    RE/MAX

    (515) 201-4203

    19 in this area

    241 Total Sales

    David Welch
    Section Image
  • Elliot Rutt

    Seller Co-Listing Agent in 2021

    Elliot Rutt

    RE/MAX

    6 in this area

    42 Total Sales

    Elliot Rutt
    Section Image
  • John Garvey

    Buyer's Agent in 2021

    John Garvey

    Proxymity

    (515) 778-8178

    1 in this area

    4 Total Sales

    John Garvey
    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 583530

Des Moines Area Association of REALTORS®

APN: 120-00005615000

Iowa Polk County Des Moines 50321 Southwestern Hills

7500 SW 22nd St, Des Moines, IA

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