NOT LISTED FOR SALE

Estimated Value: $354,000 - $425,000

6 Beds
6 Baths
8,361 Sq Ft
$47/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $1,125,000 $135 Per Sq Ft

Current estimated payment $2,710/month

7 Days on Market

About This Home

As of October 2022

A fantastic opportunity to own multiple, well maintained duplexes in west Ames! Each building is a 2 story, 4 bedroom, 3.5 bath that features spacious bedrooms, walk-in closets, fireplace, back porch area, and 2 car garage. Close to Cyride, HyVee, and Sawyer Elementary School, these duplexes are ideal for ISU students or families looking for a great place to live!

https://my.matterport.com/show/?m=e7KJw55YJde

https://my.matterport.com/show/?m=CQjcQ3ce62f

Last Listed By

Fett Team

RE/MAX REAL ESTATE CENTER Listed on: 09/13/2022

RE/MAX REAL ESTATE CENTER

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,008

Year Built

2000

Lot Details

0

Listing Details

  • Property Sub Type: Six Plex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.18
  • Lot Size: 7976
  • Co List Office Mls Id: REMAX
  • Architectural Style: 2 Story
  • Garage Yn: Yes
  • Year Built: 2000
  • Annual Expenses: 46514.0
  • Income Expenses Net Income: 48615.0
  • Special Features: None

Interior Features

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

Exterior Features

  • Construction Type: Vinyl
  • Foundation Details: Poured

Garage/Parking

  • Keywords:Garage Capacity3: 2 Car
  • Keywords:Garage Type3: Attached
  • Keywords:Parking Spaces2: 11 - 20 Spaces

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

Schools

  • Junior High Dist: Ames

Lot Info

  • Lot Size Sq Ft: 7976.0
  • Parcel #: 09-06-230-030
  • Zoning: Residential Low
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 95129.0
  • Property Net Operating Income: 48615.0
  • Annual Operating Expense: 46514.0

Tax Info

  • Tax Annual Amount: 14384.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Oct 27, 2022
Sold by
Rvm Properties Llc
Bought by
Daninger Properties Llc
Seller's Agent
Fett Team
RE/MAX REAL ESTATE CENTER
Buyer's Agent
Fett Team
RE/MAX REAL ESTATE CENTER
List Price
$1,149,000
Sold Price
$1,125,000
Premium/Discount to List
-$24,000
-2.09%
Total Days on Market
7
Current Estimated Value
$394,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$730,333
Avg. Annual Appreciation
-35.19%
Original Mortgage
$843,750
Outstanding Balance
$822,466
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
-$453,466

Purchase Details

Closed on
Aug 17, 2022
Sold by
Molian Palaniappa A and Molian Arul M
Bought by
Rvm Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2015
Sold by
Molian Palaniappa A and Molian Arul M
Bought by
Rvm Properties Llc

Purchase Details

Closed on
Oct 15, 2009
Sold by
Zehr Lc
Bought by
Molian Arul M

Range of Values:

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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
Daninger Properties Llc $375,000 --
Rvm Properties Llc -- --
Molian Palaniappa A -- None Listed On Document
Rvm Properties Llc -- None Available
Molian Arul M $269,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daninger Properties Llc $843,750
Previous Owner Molian Palaniappa A $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2022 10/31/22 Sold $1,125,000 -2.1% $135 / Sq Ft
09/21/2022 09/21/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $1,149,000 -- $137 / 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
2024 $6,008 $423,000 $71,200 $351,800
2023 $4,766 $423,000 $71,200 $351,800
2022 $4,708 $283,300 $70,800 $212,500
2021 $4,728 $283,300 $70,800 $212,500
2020 $4,662 $268,800 $67,200 $201,600
2019 $4,662 $268,800 $67,200 $201,600
2018 $4,696 $268,800 $67,200 $201,600
2017 $4,696 $268,800 $67,200 $201,600
2016 $4,696 $266,700 $29,600 $237,100
2015 $4,696 $266,700 $29,600 $237,100
2014 $4,792 $266,700 $29,600 $237,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 60975

APN: 09-06-230-030