1901 Searle St, Des Moines, IA 50317

2 beds1 bath682 sqft

For Sale
$58,900
Est. Mortgage
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Turnkey rental property that is already rented at $650 per month, which produces a cap rate of 8.77%. This home has already had many upgrades completed and already has professional property management in place if desired. This home can be bought individually or as part of a portfolio with up to 38 other properties. Multiple Members of Selling LLC are Licensed Real Estate Agents and Brokers In the State of Iowa. Listing Agent is related to One Member of Selling LLC.

Facts

  • Lot: 0.3 acres
  • Single Family
  • Built in 1947
  • 488 days on Zillow
  • Views: 1,622 all time views
  • 1 shopper saved this home
  • Cooling: Central
  • Last sold: Jan 2012 for $1,285,500
  • Price/sqft: $86
  • MLS #: 39272

Features

  • Parking: 384 sqft

      Additional Features

      • PropertySubType \ Single Family Detached, PropertyType \ Residential

      Room Types

      • Mud room

      Construction

      • Roof type: Other
      • Room count: 4
      • Stories: 0
      • Structure type: Other
      • Unit count: 1

      Other

      • Floor size: 682 sqft
      • Lot depth: 150
      • Lot width: 50
      • Parcel #: 06002160000000
      • Zillow Home ID: 778599

      Zestimate Details

      Zestimate
      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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      $62,395
      +$1,874 Last 30 days
      $56K
      $67K
      Zestimate range
      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $795/mo
      +$7 Last 30 days
      $692
      $946
      Zestimate range
      Zestimate forecast
      $XXX,XXX
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      Comparable Homes

      Homes like this sold for $57-75K.

      $50K
      $90K

      Popularity on Zillow

      881 views since listing
      1,622 all-time (chart)
      1 shopper saved
      this home to their list of favorites

      Mortgages

      Neighborhood

      Market guide

      Zillow predicts Fairmont Park home values will rise 1.8% next year, compared to a 1.7% increase for Des Moines as a whole. Among Fairmont Park homes, this home is 38.6% less expensive than the midpoint (median) home, and is priced 11.3% less per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In Fairmont Park, the number of foreclosures waiting to be sold is 28.7% greater than in Des Moines, and 118.1% higher than the national average. This higher local number may prevent Fairmont Park home values from rising as quickly as other regions in Des Moines.

      Learn more about forecast calculations or Fairmont Park home values.
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        Nearby Schools in Des Moines

        GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

        Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

        Data by GreatSchools.org