400 Walnut St Unit 502, Des Moines, IA, 50309

Location

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400 Walnut St Unit 502, Des Moines$167,400

Buyer Closing Credits

$1,988^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeCondominium

Year Built1930

HeatingForced Air, Natural Gas

CoolingCentral Air

MLS #703141

StatusActive

About 400 Walnut St Unit 502

Prime Investment Opportunity in the Heart of Downtown Des Moines! This exceptional property allows for both short-term and long-term rentals, offering unmatched flexibility. Enjoy easy access to the city's best restaurants and shopping just steps away. The property includes parking, a sauna, an exercise room, and an additional storage unit. Best of all, it comes fully furnished and ready to rent or move in immediately!

Property Details

Property Features

Property Information:

Year Built: 1930
Living Area: 865 SqFt

Listing Office:

Office Name: RE/MAX Precision
Office Phone: (515) 223-9492
Listing Agent: David Rodriguez

Interior Features

Interior Information:

Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer

Bedroom and Bathroom Information:

Full Bathrooms: 1
Total Bedroom Count: 1

Utilities

Utilities Information:

Heating: Forced Air, Natural Gas
Cooling: Central Air

Other

Directions Information:

Directions: Take Grand Ave to 5th, then to Walnut. Building is located on the corner of Walnut and 5th.

Price Information

Listing Price Info

Price Summary:

List Price: $167,400
Price Per SqFt: $194/SqFt

HOA Fees:

Amount: $375
Frequency: Monthly

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Housing Market Comparison

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

Des Moines, IA

City

Med. Sold Price

$215K

Med. Price/SqFt

$190

Avg. Days On Market

# of Sold Homes

205

400 Walnut St Unit 502 vs Des Moines

90 DAYS ON ROCKET

+56 Days

$167,400

-$47.6K Less

$194/SqFt

+$3 More

KEY TAKEAWAY

This property is $47.6K less than the Median Sold Price and $3/SqFt more 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: #703141

Listing Office:

Office Name: RE/MAX Precision
Office Phone: (515) 223-9492
Listing Agent: David Rodriguez

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: 12/3/2024, 11:20:50 AM 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.

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Mortgage Insurance

Monthly Premium

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Homeowners Insurance

$67

Monthly Premium

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Homeowners Association (HOA)

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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

/10

Walnut Street Elementary School
901 Walnut St
Distance between this listing and this school0.29 miles
Public District Grades EE-5

/10

The Downtown School
1800 Grand Ave
Distance between this listing and this school0.98 miles
Public District Grades KG-5

/10

Edmunds Elementary School
950 15th St
Distance between this listing and this school1.00 miles
Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

50%

<35k

29%

35k-100k

12%

100k-200k

200k+

What level of education do the neighbors have?

Post Secondary: 45%
High School: 27%
Masters: 21%
Doctorate: 7%

What types of families live nearby?

83%

Single, No Kids

Single, with Kids

12%

Married, No Kids

Married, with Kids

Are the neighbors home owners or renters?

Renters: 78%
Home Owners: 22%

How old are people in this area?

<11 yrs old

12-17 yrs old

35%

18-34 yrs old

48%

35-64 yrs old

14%

65+ yrs old

What do the neighbors do for fun?

Major League Soccer (MLS)
NBA/WNBA
Yoga/pilates

Where do the neighbors shop?

Banana Republic
Express/Express For Men
H&M

Where do the neighbors go to eat?

Sonic
Starbucks
Dominos Pizza

What do the neighbors drive?

Infiniti
Pontiac
Audi

What do the neighbors listen to?

Urban Contemporary
Alternative
Jazz

The neighbors living near this home have an average income of $34,868. Typical income of Des Moines, IA residents is less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 400 Walnut St Unit 502

What is the listing price of this property?

The listing price of 400 Walnut St Unit 502 property is $167,400.

What type of property is this?

The property 400 Walnut St Unit 502 is a condo located in Des Moines, Iowa, 50309.

Is this property for sale now?

Active Listing: 400 Walnut St Unit 502 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 400 Walnut St Unit 502 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 400 Walnut St Unit 502 is 865 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 400 Walnut St Unit 502 is 1930.

Rocket Homes›Iowa›Polk County›Des Moines›50309›400 Walnut St Unit 502

This home is located at 400 Walnut St Unit 502 in Des Moines, IA and zip code 50309 in the Downtown Des Moines neighborhood. This 865 square foot home was built in 1930. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since September 04, 2024 and is currently priced at $167,400.

In November 2024, from all listings sold in Des Moines, IA there were more than 34 sold above asking price, over 122 sold below and more than 49 were sold right at the asked price. The inventory of homes for sale in Des Moines, IA between October 2024 and November 2024 decreased by 5.2%. Listings spent 34 days on the market in November 2024, and had a median list price of $215,000 during the same period.

Location

Property Highlights

Property Details

Property Features

Interior Features

Utilities

Other

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

Frequently Asked Questions About 400 Walnut St Unit 502

More Resources

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