NOT LISTED FOR SALE

814 Douglas Ave Ames, IA 50010

Historic Old Town Neighborhood

Estimated Value: $390,000 - $444,437

4 Beds
2 Baths
1,886 Sq Ft
$225/Sq Ft Est. Value

Last Sold August 01, 2023

Last sale price $400,000 $212 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,682/month

29 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Carpet
  • 4 Car Detached Garage

About This Home

As of August 2023

Solid investment property with a great location. First duplex was built in 1900, and the duplex behind was built in 1973. Each unit has 2 bed/1 bath, with separate furnaces and A/C units. Landlord pays for water, garbage, and internet.

814: $895/mo
816: $905/mo
818: $900/mo
820: $900/mo

Last Agent to Sell the Property

Mark Greenfield

RE/MAX REAL ESTATE CENTER License #B33703 Listed on: 05/30/2023

Co-Listed By

Hannah Moen

Re/Max Precision Ankeny Uptown License #S70828000

Last Buyer's Agent

Michael Mogard

Friedrich Iowa Realty License #S697680

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,468

Year Built

  • Built in 1900

Parking

  • 4 Car Detached Garage
  • Carport

Home Design

  • Quadruplex
  • Stone Foundation
  • Slab Foundation
  • Shingle Siding

Interior Spaces

  • 1,886 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 09-02-327-130

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $18,988
  • Gross Income $43,200
  • Net Operating Income $24,212

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,468

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Multi-Family
  • Lot Size: 10800
  • Co List Office Mls Id: 5156198150
  • Co List Office Phone: 515-223-9492
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built: 1900
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Cooling:Central Air: Yes
  • Water Heater:Gas: Yes
  • Floor:Carpet: Yes
  • Foundation:Stone2: Yes
  • Foundation:Slab: Yes
  • Features:Cable TV: Yes
  • Annual Expenses: 18988.0
  • Income Expenses Net Income: 24212.0
  • Special Features: None

Interior Features

  • Has Basement: Full
  • Flooring: Carpet
  • Basement:Full2: Yes

Exterior Features

  • Construction Type: Shingle Siding, Other
  • Foundation Details: Slab, Stone

Garage/Parking

  • Garage Spaces: 4.0
  • Keywords:Garage Type3: Detached
  • Keywords:Parking Spaces2: 1 - 5 Spaces
  • Garage Type:Carport: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Information:Homeowners Association (HOA): No

Schools

  • Junior High Dist: Ames

Lot Info

  • Parcel #: 09-02-327-130
  • Zoning: residential

Rental Info

  • Who Pays Trash: Landlord
  • Who Pays Water: Landlord

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 43200.0
  • Property Net Operating Income: 24212.0
  • Annual Operating Expense: 18988.0

Tax Info

  • Tax Annual Amount: 6468.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2023
Closed on
Jul 24, 2023
Sold by
Galyon Alexander P and Galyon Carol J
Bought by
Thomas Peter and Thomas Jillian
Seller's Agent
Mark Greenfield
RE/MAX REAL ESTATE CENTER
Buyer's Agent
Michael Mogard
Friedrich Iowa Realty
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Views
60
Current Estimated Value
$409,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,461
Avg. Annual Appreciation
2.38%
Original Mortgage
$300,000
Outstanding Balance
$271,498
Interest Rate
6.03%
Mortgage Type
New Conventional
Estimated Equity
$152,111

Purchase Details

Closed on
Jul 10, 2020
Sold by
Galyon Alexander P and Galyon Linda R
Bought by
Galyon Alexander P
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
Thomas Peter $400,000 None Listed On Document
Galyon Alexander P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Peter $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2023 08/01/23 Sold $400,000 -5.9% $212 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
05/30/2023 05/30/23 For Sale $425,000 0.0% $225 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/09/2023 05/09/23 For Sale $425,000 -- $225 / Sq Ft
Source: Central Iowa Board 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 $6,510 $430,500 $54,000 $376,500
2024 $6,374 $448,800 $82,600 $366,200
2023 $5,560 $448,800 $82,600 $366,200
2022 $6,468 $330,500 $82,600 $247,900
2021 $7,320 $330,500 $82,600 $247,900
2020 $7,800 $347,700 $112,200 $235,500
2019 $7,800 $347,700 $112,200 $235,500
2018 $7,818 $316,100 $102,000 $214,100
2017 $7,818 $316,100 $102,000 $214,100
2016 $6,518 $238,700 $77,000 $161,700
2015 $6,518 $238,700 $77,000 $161,700
2014 $6,530 $225,100 $72,600 $152,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mark Greenfield

    RE/MAX

  • H

    Seller Co-Listing Agent in 2023

    Hannah Moen

    RE/MAX

    Section Image

  • M

    Buyer's Agent in 2023

    Michael Mogard

    Friedrich Iowa Realty

    (641) 691-1275

    2 in this area

    87 Total Sales

    Michael Mogard
    Section Image
See All Agents

Map

Source: Central Iowa Board of REALTORS®

MLS Number: 62261

APN: 09-02-327-130

Iowa Story County Ames 50010 Historic Old Town

814 Douglas Ave, Ames, IA

Not Listed for Sale

MultiFamily

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