2 months on rocket

3940 University Ave Unit 1, Des Moines, IA, 50311

$94,500

Home List Price

$1,122*

Closing Credit

2 Bedrooms
1 Full Bath
882 SqFt
$107/SqFt
Condo

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

3940 University Ave Unit 1, Des Moines$94,500

Buyer Closing Credits

$1,122*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
Year Built1926
HeatingHot Water, Radiant, Other
CoolingCentral Air
MLS #706880
StatusActive

About 3940 University Ave Unit 1

Seller offering $1k closing costs credit, motivated and flexible with terms. This corner unit condo offers two generous bedrooms, a full bathroom, great kitchen, and large living area. Located just blocks from the Drake University campus, this home is walkable to so many amenities from eating to shopping and all the outdoor activities you could want in the Des Moines metro. The HOA and owners within the building are great, monthly dues includes water, heat, trash and insurance along with snow/lawn/exterior maintenance. Recent improvements include: Flooring, paint, kitchen appliances, and multiple fixtures. The home is very easy to show and immediate occupancy is available. Please call an agent today for a private tour or more information about this simple condo that offers incredible quality of life! Seller willing to cover closing costs/etc.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1926
  • Living Area: 882 SqFt

Listing Office:

  • Office Name: Space Simply
  • Office Phone: (515) 423-0899
  • Listing Agent: Cy Phillips

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
  • Flooring Type: Carpet, Hardwood, Tile
  • Interior: Dining Area, Eat-in Kitchen, See Remarks, Cable TV

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot: Rectangular Lot

Utilities

Utilities Information:

  • Heating: Hot Water, Radiant, Other
  • Cooling: Central Air

Other

Directions Information:

  • Directions: South side of University at 39th just East of 42nd St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $94,500
  • Price Per SqFt: $107/SqFt

HOA Fees:

  • Amount: $275
  • Frequency: Monthly
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Des Moines, IA.

Map thumbnail provided by MapBox

Des Moines, IA

City

Med. Sold Price

$215K

Med. Price/SqFt

$190

Avg. Days On Market

34

# of Sold Homes

205

3940 University Ave Unit 1 vs Des Moines

60 DAYS ON ROCKET

+26 Days

$94,500

-$120.5K Less

$107/SqFt

-$84 Less

KEY TAKEAWAY

This property is $120.5K less than the Median Sold Price and $84/SqFt less than other homes in Des Moines, IA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: DMAAR
  • MLS Number: #706880

Listing Office:

  • Office Name: Space Simply
  • Office Phone: (515) 423-0899
  • Listing Agent: Cy Phillips

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ 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 deemed reliable but not guaranteed. Copyright© 2024 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/30/2024, 8:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$350

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2222040
3
/10

  • Hubbell Elementary School

  • 800 42nd St

  • 0.60 miles

  • Public District Grades KG-5

school-card-donut-2222041
3
/10

  • Perkins Elementary School

  • 4301 College Ave

  • 0.62 miles

  • Public District Grades KG-5

school-card-donut-2222042
1
/10

  • Monroe Elementary School

  • 2250 30th St

  • 1.14 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,841. Residents of Des Moines, IA typically earn between $35k-100k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3940 University Ave Unit 1

What is the listing price of this property?

The listing price of 3940 University Ave Unit 1 property is $94,500.

What type of property is this?

The property 3940 University Ave Unit 1 is a condo located in Des Moines, Iowa, 50311.

Is this property for sale now?

Active Listing: 3940 University Ave Unit 1 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 3940 University Ave Unit 1 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 3940 University Ave Unit 1 is 882 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3940 University Ave Unit 1 is 1926.

Rocket Homes›Iowa›Polk County›Des Moines›50311›3940 University Ave Unit 1

This home is located at 3940 University Ave Unit 1 in Des Moines, IA and zip code 50311 in the Drake neighborhood. This 882 square foot home was built in 1926. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $94,500.

In November 2024 more than 34 listings in Des Moines, IA were sold above the asking price. During the same period more than 49 listings were sold at asking price, while more than 122 were sold below. Between October 2024 and November 2024, Des Moines, IA real estate market has seen decrease in the number of listings by 5.2%. The median list price of listings available in November 2024 was $215,000, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources