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3940 University Ave, Des Moines, IA, 50311

$125,000

Home List Price

$1,484*

Closing Credit

2 Bedrooms
1 Full Bath
882 SqFt
$142/SqFt
Condo
Schools Nearby

Location

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3940 University Ave, Des Moines$125,000

Buyer Closing Credits

$1,484*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1926
HeatingHot Water, Radiant, Other
CoolingCentral Air
MLS #690432
StatusActive

About 3940 University Ave

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!

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: Dishwasher, Microwave, Refrigerator, Stove
  • Flooring Type: Hardwood, Tile
  • Interior: Dining Area, See Remarks

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

School Info

Assigned Schools Information:

  • Roosevelt High School, Public District Grades 9-12
  • Callanan Middle School, Public District Grades 6-8
  • Cowles Elementary School, Public District Grades PK-8
  • Goodrell Middle School, Public District Grades 6-8
  • Hubbell Elementary School, Public District Grades KG-5

Other

Directions Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000
  • Price Per SqFt: $142/SqFt

HOA Fees:

  • Amount: $275
  • Frequency: Monthly
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Housing Market Comparison

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

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Des Moines, IA

City

Med. Sold Price

$207.6K

Med. Price/SqFt

$184

Avg. Days On Market

43

# of Sold Homes

235

3940 University Ave vs Des Moines

53 DAYS ON ROCKET

+10 Days

$125,000

-$82.6K Less

$142/SqFt

-$42 Less

KEY TAKEAWAY

This property is $82.6K less than the Median Sold Price and $42/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: #690432

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: 4/28/2024, 5:25:16 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.

Payment Calculator

$966

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

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.

Elementary School

school-card-donut-1952754
3
/10

  • Hubbell Elementary School

  • 800 42nd St

  • 0.57 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1952755
4
/10

  • Callanan Middle School

  • 3010 Center St

  • 0.91 miles

  • Public District Grades 6-8

school-card-donut-1952756
9
/10

  • Cowles Elementary School

  • 6401 College Ave

  • 1.86 miles

  • Public District Grades PK-8

school-card-donut-1952757
1
/10

  • Goodrell Middle School

  • 3300 E 29th St

  • 5.84 miles

  • Public District Grades 6-8

High School

school-card-donut-1952758
3
/10

  • Roosevelt High School

  • 4419 Center St

  • 0.68 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,841. The majority of Des Moines, IA residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3940 University Ave

What is the listing price of this property?

The listing price of 3940 University Ave property is $125,000.

What type of property is this?

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

Is this property for sale now?

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

What are the assigned schools for this property?

The assigned schools for 3940 University Ave are:
Hubbell Elementary School: GreatSchools Rating 3/10
Callanan Middle School: GreatSchools Rating 4/10
Cowles Elementary School: GreatSchools Rating 9/10
Goodrell Middle School: GreatSchools Rating 1/10
Roosevelt High School: GreatSchools Rating 3/10

How many bedrooms and bathrooms does this property have?

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

What is the square footage of this property?

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

Which year was this property built?

The year of construction for 3940 University Ave is 1926.

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

This home is located at 3940 University Ave 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 March 05, 2024 and is currently priced at $125,000.

While more than 55 listings in Des Moines, IA in March 2024 were sold above asking price, there were more than 59 listings sold at asking price, and more than 121 were sold below. The inventory of homes for sale in Des Moines, IA between February 2024 and March 2024 increased by 8.5%. While the average time on the market in March 2024 was 43 days, the median list price was $207,620.

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

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