NOT LISTED FOR SALE

908 4th St SW Altoona, IA 50009

Estimated Value: $289,000 - $301,413

-- Bed
2 Baths
2,016 Sq Ft
$147/Sq Ft Est. Value

Last Sold October 20, 2022

Last sale price $240,000 $119 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,928/month

8 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Carpet
  • Altoona Elementary School Rated A-
  • Forced Air Heating and Cooling System
  • 3-minute walk to Lions Park

About This Home

As of October 2022

Come and check out this awesome investment opportunity in Altoona near Lions Park! This duplex is income
producing and turn key. One side is a 3 bedroom with a full bath upstairs, downstairs features a living room, kitchen, and half bath. The other side is a 2 bedroom with full bath upstairs, downstairs has a kitchen, living room and half bath. Both sides are currently occupied with long term tenants, tenants pay for utilities and they split taking care of mowing the yard and snow removal

Last Agent to Sell the Property

Grant Gaumer

Realty ONE Group Impact Listed on: 07/28/2022

Realty ONE Group Impact

Last Buyer's Agent

Chinh Nguyen

RE/MAX Concepts

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,188

Year Built

  • Built in 1971

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 75x200

Home Design

  • 2,016 Sq Ft Home
  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Shingled Roof

Kitchen

  • 2 Kitchens
  • Stove

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Car Detached Garage
  • Driveway

Additional Features

  • Forced Air Heating and Cooling System
  • Unfinished Basement

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 17100360199002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,188

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Duplex
  • Lp Amt Sq Ft: 119.05
  • Sp Amt Sq Ft: 119.05
  • Termite: Call Listing Agent
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: Carpeting, Vinyl Floors
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 1
  • Third Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Kitchens: 2
  • Half Bathrooms: 1
  • Half Bathrooms: 1
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 2016
  • Total Sq Ft: 2016

Exterior Features

  • Exterior: Brick
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Concrete
  • Trim: Oak

Garage/Parking

  • Driveway: Concrete
  • Garage: 2 Detached

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.3440
  • Lot S F: 14999
  • Lot Shape: Regular
  • Lot Size: 75X200
  • Assessor Parcel Number: 17100360199002
  • Zoning: R-3

Tax Info

  • Gross Taxes: 4188.00
  • Net Taxes: 4188.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Southeast Polk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Oct 19, 2022
Sold by
Moermond David J and Moermond Mary O
Bought by
Lem Manivone and Lem Frankley
Seller's Agent
Grant Gaumer
Realty ONE Group Impact
Buyer's Agent
Chinh Nguyen
RE/MAX Concepts
List Price
$240,000
Sold Price
$240,000
Current Estimated Value
$295,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,853
Avg. Annual Appreciation
6.91%
Original Mortgage
$180,000
Outstanding Balance
$173,031
Interest Rate
5.89%
Mortgage Type
Balloon
Estimated Equity
$122,822
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Lem Manivone $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lem Manivone $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2022 10/20/22 Sold $240,000 0.0% $119 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $240,000 0.0% $119 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
07/28/2022 07/28/22 For Sale $240,000 -- $119 / 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
2025 $4,478 $289,600 $63,300 $226,300
2024 $4,478 $259,900 $55,900 $204,000
2023 $4,374 $259,900 $55,900 $204,000
2022 $4,320 $214,400 $48,300 $166,100
2021 $4,188 $214,400 $48,300 $166,100
2020 $4,120 $197,800 $44,300 $153,500
2019 $3,826 $197,800 $44,300 $153,500
2018 $3,832 $180,300 $39,500 $140,800
2017 $3,862 $180,300 $39,500 $140,800
2016 $3,854 $164,700 $35,900 $128,800
2015 $3,854 $164,700 $35,900 $128,800
2014 $3,678 $155,500 $34,000 $121,500
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Grant Gaumer

    Realty ONE Group Impact

    (515) 577-5019

    1 in this area

    51 Total Sales

    Grant Gaumer
    Section Image

  • C

    Buyer's Agent in 2022

    Chinh Nguyen

    RE/MAX

    (515) 494-2005

    4 in this area

    113 Total Sales

    Chinh Nguyen
    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 657117

Des Moines Area Association of REALTORS®

APN: 171-00360199002

Iowa Polk County Altoona 50009

908 4th St SW, Altoona, IA

Not Listed for Sale

MultiFamily

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