$65,000
SOLD MAY 31, 2018
-- Bed
2 Baths
2,030 Sq Ft
8,618 Sq Ft Lot

Recently Sold

$32 Per Sq Ft

7% Below List Price

41 Days on Market

Highlights

  • 3 Kitchens
  • Laundry Room
  • Hot Water Heating System
  • No HOA

About This Home

As of January 2022

Property is in need of some work. It does have a current rental certificate. The cash flow is excellent! All tenants are long term-two of which are 6 years. Great location by Drake University.

Last Agent to Sell the Property

Richard Eyerly

RE/MAX Concepts Listed on: 04/20/2018

RE/MAX Concepts

Last Buyer's Agent

Brad Lowe

Spire Real Estate

Spire Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 8,618 Sq Ft Lot
  • Lot Dimensions are 53.2x162.5

Home Design

  • Brick Foundation
  • Metal Siding

Interior Spaces

  • 2,030 Sq Ft Home
  • 2-Story Property
  • 3 Kitchens
  • Laundry Room
  • Unfinished Basement

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 08006897000000

Community Details

Overview

  • No Home Owners Association

Building Details

  • Operating Expense $825
  • Gross Income $1,325

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 34.43
  • Sp Amt Sq Ft: 32.02
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 3
  • Stoves Total: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • First Floor Full Bathrooms: 1
  • Second Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 400
  • Kitchens: 3
  • Laundry: Yes
  • Living Area Sq Ft: 2030
  • Total Sq Ft: 2030

Exterior Features

  • Exterior: Metal Siding
  • Foundation: Brick

Garage/Parking

  • Off Street Parking: 3

Utilities

  • Sewer: City
  • Air Conditioner: Window Unit
  • Heat: Hot Water
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Total Expense: 825

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1980
  • Lot S F: 8618
  • Lot Size: 53.2X162.5
  • Assessor Parcel Number: 08006897000000
  • Zoning: R-3

Tax Info

  • Gross Taxes: 2312.00
  • Net Taxes: 2312.00

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2018
Closed on
May 31, 2018
Sold by
Smith Family Properties L L C
Bought by
Epc L L C
Seller's Agent
Richard Eyerly
RE/MAX Concepts
Buyer's Agent
Brad Lowe
Spire Real Estate
List Price
$69,900
Sold Price
$65,000
Premium/Discount to List
-$4,900
-7.01%
Current Estimated Value
$126,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,032
Avg. Annual Appreciation
9.06%

Purchase Details

Listed on
Mar 20, 2013
Closed on
May 28, 2013
Sold by
Northwest Bank
Bought by
Smith Family Properties Llc
Seller's Agent
Mike clark
RE/MAX Concepts
Buyer's Agent
Richard Eyerly
RE/MAX Concepts
List Price
$49,000
Sold Price
$47,000
Premium/Discount to List
-$2,000
-4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%
Original Mortgage
$35,250
Interest Rate
3.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2007
Sold by
Jackman Craig A and Jackman Aimee
Bought by
Critelli 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
$59,280
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 2005
Sold by
Jackman Stephanie J
Bought by
Jackman Stephanie J and Stephanie J Jackman Trust

Purchase Details

Closed on
Sep 10, 1995
Sold by
Edwin W Jackman Trust
Bought by
Jackman Craig A and Jackman Joel William
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $65,000 None Available
Warranty Deed $47,000 None Available
Warranty Deed $71,500 None Available
Warranty Deed -- None Available
Warranty Deed $54,500 None Available
Interfamily Deed Transfer -- --
Land Contract $55,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $134,000 Commercial
Previous Owner $35,250 Commercial
Previous Owner $35,250 Commercial
Previous Owner $59,280 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2022 01/27/22 Sold $110,000 0.0% $54 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
12/14/2021 12/14/21 For Sale $110,000 +69.2% $54 / Sq Ft
05/31/2018 05/31/18 Sold $65,000 -7.0% $32 / Sq Ft
05/31/2018 05/31/18 Pending -- -- --
04/20/2018 04/20/18 For Sale $69,900 +48.7% $34 / Sq Ft
05/31/2013 05/31/13 Sold $47,000 -4.1% $23 / Sq Ft
05/31/2013 05/31/13 Pending -- -- --
03/20/2013 03/20/13 For Sale $49,000 -- $24 / 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 $2,204 $112,000 $22,800 $89,200
2023 $2,144 $112,000 $22,800 $89,200
2022 $2,506 $91,000 $19,100 $71,900
2021 $2,228 $91,000 $19,100 $71,900
2020 $2,502 $74,600 $17,300 $57,300
2019 $2,196 $74,600 $17,300 $57,300
2018 $2,336 $62,000 $17,300 $44,700
2017 $2,312 $62,000 $17,300 $44,700
2016 $2,880 $59,000 $14,400 $44,600
2015 $2,880 $70,500 $14,400 $56,100
2014 $2,682 $62,500 $14,400 $48,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 559298

Des Moines Area Association of REALTORS®

APN: 080-06897000000