NOT LISTED FOR SALE

Estimated Value: $208,000 - $570,272

-- Bed
6 Baths
1,473 Sq Ft
$220/Sq Ft Est. Value

Last Sold October 18, 2022

Last sale price $500,000 $339 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $2,005/month

22 Days on Market

Highlights

  • 6 Kitchens
  • Laundry Room
  • Wood Siding
  • No HOA
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

As of October 2022

Great Investment Opportunity! This listing includes the duplexes addressed as: 805, 809 Williams Street and 4100 Timber Lane. 6 total units; each unit has 2 Bedrooms, 1 Bathroom and a full basement that could easily be finished for additional income opportunity! These units cash flow very well as-is and have room for additional increase in rent amount. Appliances stay; with exception of some washer/dryer that tenants have purchased. All units have W/D hookup in the basement. Brand new roofs on all units in 2020 and many other updates/renovations made in a some of the units. Please allow 48 hours notice for showings.

Last Agent to Sell the Property

Ryan Hoover

Weichert, Realtors - 515 Agency Listed on: 07/25/2022

Weichert, Realtors - 515 Agency

Last Buyer's Agent

Pennie Carroll

Pennie Carroll & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,238

Year Built

  • Built in 1978

Lot Details

  • 8,572 Sq Ft Lot
  • Lot Dimensions are 70x125

Parking

  • Driveway

Home Design

  • 1,473 Sq Ft Home
  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Shingled Roof
  • Wood Siding
  • Cement Board or Planked

Kitchen

  • 6 Kitchens
  • Stove

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • 6 Full Bathrooms
  • Laundry Room
  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 05003304029000

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Gross Income $4,895

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,238

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Duplex
  • Lp Amt Sq Ft: 366.60
  • Sp Amt Sq Ft: 339.44
  • Termite: Follow Showing Instructions
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 6
  • Disposals: 6
  • Refrigerators: 6
  • Stoves Total: 6
  • Interior Amenities: Cable TV, Carpeting, Fire Alarm, Laminate Floors, Vinyl Floors, See Remarks
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Second Floor Full Bathrooms: 6
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1473
  • Kitchens: 6
  • Laundry: Yes
  • Storage: No
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 1473
  • Total Sq Ft: 1473

Exterior Features

  • Exterior: Brick, Cement Board, Wood
  • Foundation: Concrete Block
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete
  • Off Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1970
  • Lot S F: 8572
  • Lot Shape: Regular
  • Lot Size: 70X125
  • Assessor Parcel Number: 05003304029000
  • Zoning: R-2

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Tenant, Taxes Owner, Water Tenant

Tax Info

  • Gross Taxes: 10238.00
  • Net Taxes: 10238.00
  • Tax Year: 2021

Multi Family

  • Total Units: 6

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 1999
Sold by
Karthan James L
Bought by
Bkm Renovators Lc
Total Days on Market
22
Current Estimated Value
$324,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 23, 1998
Sold by
State Fsla Of Des Moines
Bought by
Karthan James L and Karthan Stavroula C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,300
Interest Rate
7.18%
Source: Public Records

Range of Values:

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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
Bkm Renovators Lc $255,000 --
Karthan James L $51,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pp & Lp Properties Llc $500,000
Closed Bkm Renovators Lc $255,000
Closed Karthan James L $62,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2022 10/18/22 Sold $500,000 -7.4% $339 / Sq Ft
08/16/2022 08/16/22 Pending -- -- --
08/15/2022 08/15/22 Price Changed $540,000 -5.3% $367 / Sq Ft
07/25/2022 07/25/22 For Sale $570,000 -- $387 / 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
2024 $3,390 $172,300 $29,700 $142,600
2023 $3,636 $172,300 $29,700 $142,600
2022 $3,608 $154,300 $27,900 $126,400
2021 $3,688 $154,300 $27,900 $126,400
2020 $3,534 $136,300 $24,600 $111,700
2019 $3,138 $136,300 $24,600 $111,700
2018 $3,108 $116,800 $20,500 $96,300
2017 $3,208 $116,800 $20,500 $96,300
2016 $3,126 $118,600 $20,600 $98,000
2015 $3,126 $118,600 $20,600 $98,000
2014 $3,275 $116,700 $20,000 $96,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 657027

Des Moines Area Association of REALTORS®

APN: 050-03304029000