$50,000
SOLD AUG 31, 2023

926 40th Place Des Moines, IA 50312

Drake Neighborhood
-- Bed
-- Bath
796 Sq Ft
6,350 Sq Ft Lot

Recently Sold

$63 Per Sq Ft

1 Day on Market

About This Home

As of August 2023

24 hour sale

Last Agent to Sell the Property

Dawn Edwards

Realty ONE Group Impact Listed on: 08/08/2023

Realty ONE Group Impact

Last Buyer's Agent

Dawn Edwards

Realty ONE Group Impact Listed on: 08/08/2023

Realty ONE Group Impact

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $747

Year Built

  • Built in 1924

Lot Details

  • 6,350 Sq Ft Lot
  • Lot Dimensions are 50x127

Home Design

  • 796 Sq Ft Home
  • Bungalow
  • Metal Siding

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 09000906000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$747

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Residential
  • Style: Bungalow
  • Lp Amt Sq Ft: 62.81
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 62.81
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Sq Ft Bsmt: 796
  • Living Area Sq Ft: 796
  • Total Sq Ft: 796

Exterior Features

  • Exterior: Metal Siding

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1460
  • Lot S F: 6350
  • Lot Size: 50X127
  • Assessor Parcel Number: 09000906000000
  • Zoning: Res

Green Features

  • Additional Green Features: No
  • ENERGYSTAR qualified New Home: No
  • HERS Rating: No
  • Leed For Homes: No
  • Solar: No

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 747.00
  • Net Taxes: 747.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2025
Sold by
City Of Des Moines Iowa
Bought by
Cutler Construction Company and Capital Homes Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.85%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 23, 2025
Sold by
Drj Investments Llc
Bought by
Cutler Construction Company and Capital Homes Ii

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.85%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 23, 2024
Sold by
Ratashak Jeffrey P and Ratashak Megan K
Bought by
Drj Investments Llc

Purchase Details

Listed on
Aug 8, 2023
Closed on
Aug 25, 2023
Sold by
Scott Carole Ann
Bought by
Ratashak Jeffrey P and Ratashak Megan K
Seller's Agent
Dawn Edwards
Realty ONE Group Impact
Buyer's Agent
Dawn Edwards
Realty ONE Group Impact
List Price
$50,000
Sold Price
$50,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.03%
Original Mortgage
$112,500
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Source: Public Records

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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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $90,000 None Listed On Document
Warranty Deed $90,000 None Listed On Document
Warranty Deed $57,500 None Listed On Document
Fiduciary Deed $50,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $90,000 Construction
Previous Owner $112,500 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 For Sale $595,600 +561.8% $269 / Sq Ft
01/03/2025 01/03/25 Pending -- -- --
01/03/2025 01/03/25 For Sale $90,000 +80.0% $113 / Sq Ft
08/31/2023 08/31/23 Sold $50,000 0.0% $63 / Sq Ft
08/09/2023 08/09/23 Pending -- -- --
08/08/2023 08/08/23 For Sale $50,000 -- $63 / 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 $1,448 $84,100 $42,100 $42,000
2023 $1,494 $84,100 $42,100 $42,000
2022 $1,482 $72,300 $37,000 $35,300
2021 $1,404 $72,300 $37,000 $35,300
2020 $1,454 $64,900 $33,300 $31,600
2019 $1,896 $64,900 $33,300 $31,600
2018 $1,872 $79,100 $28,900 $50,200
2017 $1,716 $79,100 $28,900 $50,200
2016 $1,668 $72,000 $26,400 $45,600
2015 $1,668 $72,000 $26,400 $45,600
2014 $1,560 $69,800 $25,500 $44,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Junior Ibarra

    Keller Williams Realty GDM

  • C

    Seller's Agent in 2025

    Chinda Khamboun

    Keller Williams Realty GDM

  • D

    Seller's Agent in 2023

    Dawn Edwards

    Realty ONE Group Impact

See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 679937

Des Moines Area Association of REALTORS®

APN: 090-00906000000

Iowa Polk County Des Moines 50311 Drake

926 40th Place, Des Moines, IA

This home is located at 926 40th Place, Des Moines, IA 50312 and is currently priced at $50,000, approximately $62 per square foot. This property was built in 1924. 926 40th Place is a home located in Polk County with nearby schools including Hubbell Elementary, Callanan Middle School, and Roosevelt High School.

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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