NOT LISTED FOR SALE

833 E University Ave Des Moines, IA 50316

Capitol Park Neighborhood

Estimated Value: $227,000 - $391,352

Studio
6 Baths
2,759 Sq Ft
$112/Sq Ft Est. Value

Sale Details

Date Sold: December 15, 2023

Last sale price $350,000 $127 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $1,971 / mo

40 Days on Market

About This Home

As of December 2023

6 Plex Conversion on a bustling street for sale.
Investment property available for sale. This is a great building that has been historically fully occupied. Its a mixed use building with 5 apartment and 1 commercial unit. Potential upside on rent as some are below market rent. Will be great for owner user or an aspiring investor. Please see attachments for Rent Roll and YTD Financials and possible owner finance option with premium on price but lower than the bank interest rate.
Listing Agent has interest in the Property

Last Agent to Sell the Property

Adam Metzker

515 Rentals & Sales LLC Listed on: 10/18/2023

Last Buyer's Agent

Adam Metzker

515 Rentals & Sales LLC Listed on: 10/18/2023

Range of Values:

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

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ICE

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First American

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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

  • $3,254

Year Built

  • Built in 1925

Lot Details

  • 5,049

Additional Features

  • 5 Kitchens
  • 5,049 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 040-01023000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,254

Year Built

Built in 1925

Lot Details

5,049 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 5
  • Stoves Total: 5
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • First Floor Full Bathrooms: 3
  • Second Floor Full Bathrooms: 1
  • Third Floor Full Bathrooms: 1
  • Full Bathrooms: 1
  • Kitchens: 5

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.1159
  • Assessor Parcel Number: 040-01023000000
  • Zoning: MX2

Tax Info

  • Gross Taxes: 3254.47
  • Net Taxes: 3254.47
  • Tax Year: 2023

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

Closed on
Jan 31, 2017
Sold by
Bought by
Current Estimated Value
$309,176

Purchase Details

Closed on
Jul 12, 2002
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
$88,000
Interest Rate
6.8%
Mortgage Type
Credit Line Revolving
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Capitol Park, IA

  • Jolene Lindell Real Estate Agent - Realty ONE Group Impact

    Jolene Lindell

    Realty ONE Group Impact

    (414) 626-7449

    50 Total Sales

    1 in Capitol Park

    $165,000 Price

    Jolene Lindell
     Section Image
  • Jason Russell Real Estate Agent - Realty ONE Group Impact

    Jason Russell

    Responds Quickly

    Realty ONE Group Impact

    (515) 461-6743

    111 Total Sales

    2 in Capitol Park

    $116K - $180K Price Range

    Jason Russell
     Section Image
  • Chris Kew Real Estate Agent - RE/MAX Precision

    Chris Kew

    RE/MAX Precision

    (515) 500-2960

    283 Total Sales

    1 in Capitol Park

    $174,500 Price

    Chris Kew
     Section Image
  • Jason Rude Real Estate Agent - Rude Realty

    Jason Rude

    Rude Realty

    (515) 400-4122

    347 Total Sales

    3 in Capitol Park

    $110K - $150K Price Range

    Jason Rude
     Section Image
  • Ginger Atcheson Real Estate Agent - Real Estate Property Solutions, LLC

    Ginger Atcheson

    Real Estate Property Solutions, LLC

    (515) 400-3340

    196 Total Sales

    1 in Capitol Park

    $156,200 Price

    Ginger Atcheson
     Section Image
  • Darson Grantham Real Estate Agent - Keller Williams Realty GDM

    Darson Grantham

    Keller Williams Realty GDM

    (641) 247-4098

    230 Total Sales

    3 in Capitol Park

    $107K - $180K Price Range

    Darson Grantham
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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
$174,000 None Listed On Document
-- --
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 $188,000
Previous Owner $506,916
Previous Owner $60,050
Previous Owner $88,000
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
12/15/2023 12/15/23 Sold $350,000 0.0% $127 / Sq Ft
11/27/2023 11/27/23 Pending -- -- --
10/26/2023 10/26/23 For Sale $350,000 0.0% $127 / Sq Ft
10/26/2023 10/26/23 Off Market $350,000 -- --
10/19/2023 10/19/23 Price Changed $350,000 +7.7% $127 / Sq Ft
10/18/2023 10/18/23 For Sale $325,000 -- $118 / Sq Ft
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 $3,222 $180,000 $30,400 $149,600
2024 $3,222 $163,700 $26,700 $137,000
2023 $3,168 $163,700 $26,700 $137,000
2022 $3,546 $37,400 $7,580 $29,820
2021 $3,280 $37,400 $7,580 $29,820
2020 $3,608 $36,300 $6,900 $29,400
2019 $3,252 $36,300 $6,900 $29,400
2018 $3,390 $34,000 $6,970 $27,030
2017 $3,292 $34,000 $6,970 $27,030
2016 $3,330 $27,710 $5,750 $21,960
2015 $3,330 $81,500 $16,900 $64,600
2014 $3,242 $72,500 $16,900 $55,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Adam Metzker

    515 Rentals & Sales LLC

    (701) 290-8300

    1 in this area

    4 Total Sales

    Adam Metzker
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 683922

Des Moines Area Association of REALTORS®

APN: 040-01023000000

Iowa Polk County Des Moines 50316 Capitol Park

833 E University Ave, Des Moines, IA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Des Moines Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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