Potential Profit$77,035
This single-family property is available as a foreclosure at Locust St. This property features 2 bedrooms and 1 bathrooms, perfect for investment and/or your personal residence. With 1,224 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in West Des Moines, specifically for Locust St and comparable listings. Based on this expert analysis, the estimated market value is $177,492. This single-family has potential equity of $77,035. If purchased for rental purposes, the monthly rental rate could range between $1,201 and $1,620, providing a solid return on investment. For those interested in resale, the estimated profit from selling is $77,035. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Locust St are updated daily along with others in West Des Moines, Iowa, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for Locust St below to see detailed and helpful information about what stage of the foreclosure process this listing is in.
Plus with taxes and insurance
Based on 20% down, 30 year mortgage, with 6% APR
All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.
Not in Foreclosure
Pre-Foreclosure
Auction
Bank Owned
There are 4 schools in the area. Nearby schools include Valley High School and West Des Moines Community School District.
There are plenty of activities near this property like West Des Moines Public Library, Wellmark YMCA, and more.
Public transportation options include: DART (Des Moines Area Regional Transit) provides bus services throughout West Des Moines, Carpooling and ridesharing options are easily accessible. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Raccoon River Park, Walnut Woods State Park and more.
Services available in the area include cellular and internet options.
This property in West Des Moines, IA is located in the Nuttall Acres 02 Subdivision.
The property located at Locust St in West Des Moines, IA is listed as a Foreclosure
Properties like Locust St in West Des Moines, Iowa listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in West Des Moines, IA. The longer lenders own properties like this on Locust St, the more eager they become to sell, often at reduced prices.Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:
Steps as you search for your foreclosure property:Â
Foreclosed properties can represent excellent opportunities to acquire real estate at bargain prices. But in order to take full advantage of these opportunities you must have all your information and take an organized approach to finding and acquiring foreclosed properties. Find the location and property that interests you, work with the Realtor and closing agent to learn all you can about the property, and make your offer based upon good information and research.
The estimated rental value for Locust St located in West Des Moines, IA is $1,410/month. Comparable homes around Locust St that are rentals have monthly ranges starting as low as $1,201 per month and as high as $1,620 per month. An owner looking to use this property as an investment could bring a return in the area of $1,201 - $1,620 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.
| Start Date | End Date | Listing Type | Bank Name |
|---|---|---|---|
| 04/18/25 | Foreclosure | ||
| 12/20/24 | Foreclosure | ||
| 11/14/24 | 11/21/24 | Foreclosure | |
| 09/18/24 | 11/05/24 | Preforeclosure | MORTGAGE ASSETS MANAGEMENT LLC |
| 09/18/24 | 11/05/24 | Preforeclosure | Mortgage Assets Management,... |
| 09/13/24 | 11/05/24 | Preforeclosure | |
| 02/13/24 | 03/12/24 | Preforeclosure | |
| 02/13/24 | 04/02/24 | Preforeclosure | |
| 02/12/24 | 04/02/24 | Preforeclosure | MORTGAGE ASSETS MANAGEMENT LLC |
| 02/09/24 | 03/12/24 | Preforeclosure | Mortgage Assets Management,... |
The information provided on the Website, which encompasses details such as property dimensions, floor area, valuation, geographic location, and general property description, is furnished for your convenience and originates from third-party sources. This data should not be interpreted as constituting a contractual offer for the procurement, leasing, or advertising of real estate. No express or implied warranties or assurances are extended concerning these properties, including their availability. While the data presented on this Website is considered reliable, it acknowledges a degree of uncertainty, thus necessitating independent verification.
The administrators of this platform, as well as their respective directors, associates, and personnel, have not undertaken a process of due diligence to verify the accuracy of the information. Their role is limited to disseminating the information, and they do not accept liability, whether direct or indirect, for any injuries, losses, claims, damages, or associated indirect or consequential harms, including but not limited to lost profits or savings, arising from the use of any information or any deficiencies, inaccuracies, or defects in the disseminated information within the bounds of the Website.
Foreclosure.com, in conjunction with its Affiliates, disclaims any responsibility arising from your acquisition of third-party goods, services, or tangible properties based on the informational context of the Site. Foreclosure.com reserves the right, at its sole discretion and without prior notice, to rectify errors or omissions within any section of the Site or to restrict access to the Site.
Relying solely on the informational content featured on the Website is not advisable. Conduct your own personal inquiries and seek legal counsel regarding any property under consideration within the scope of the Website or the associated data.
Calculate monthly mortgage payments with our easy mortgage loan calculator.
Copy the link below:
Millions of people receive foreclosure alerts daily, don't miss out.
Alert me about homes in that match this search.
By signing up for property alerts, I have read the Terms and Conditions of Service and agree to receive emails from Foreclosure.com.
Foreclosure.com Advantage:
At Foreclosure.com, we are driven by a mission — to streamline the journey of finding and purchasing distressed properties for our users across the nation. We understand both the challenges and opportunities presented by the real estate market. So learning is an essential part of investing and we equip you with tools and knowledge through how-to videos, insights from local area experts, and state-specific legal information. These resources are designed to empower you with the knowledge to make informed decisions, whether you're a first-time buyer or seasoned investor.
|
|
|
|
