Canadian Firm Acquires $183.8M Apartment Portfolio
Central Iowa Real estate Transactions: August 2024
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Recent real estate transactions in the Des Moines metro area and dallas County reveal a robust market with important investment across various property types. From multi-unit apartments to historic homes and new construction, here’s a detailed look at the latest sales recorded in early august 2024.
west Des Moines & Des Moines Apartment and Historic Home Sales
The West Des Moines market saw a substantial transaction with a 101-unit apartment building at 2625 Vine St. changing hands for $2 million. Records indicate the 7-acre parcel is valued at $10 million, suggesting potential for future appreciation or redevelopment. This sale highlights continued investor confidence in the Des Moines area’s rental market.
Simultaneously occurring, in Des Moines, a stunning piece of history found new owners. The Christopher Hoffmann Revocable Trust and Shannon Jencks revocable Trust acquired a beautifully remodeled Victorian-style home at 2846 Forest Drive for $1.6 million. Built in 1884 and recently updated in 2024, the 6,463-square-foot residence boasts a finished attic, offering a blend of classic charm and modern living. This transaction underscores the enduring appeal of historic properties in desirable Des Moines neighborhoods.
Dallas County: Townhomes, Acreage, and New Builds
Dallas County experienced a flurry of activity, showcasing diverse property preferences. Van Metre Property LLC invested $2.7 million in five two-story, bi-attached townhome properties located in the 2900 block of Long Avenue. These newly constructed townhomes, completed in 2023, cater to the growing demand for modern, low-maintainance living options in the Van meter community.
For those seeking space and privacy,a 20-acre parcel at 36405 Osage Ave. in Van meter sold for $1.1 million to Ryan and wendy Vorachek. The property includes a 1,935-square-foot house built in 2012,offering a tranquil rural lifestyle within a reasonable commute to Des Moines.
Waukee also saw significant activity with Dmitriy and Tetyana Komm purchasing a property at 35076 Burgundy Circle for $1.15 million. The 1.38-acre parcel features a 2,748-square-foot house originally built in 1992, providing ample space for a growing family.
in Urbandale, Kevin and Tamara Blackburn closed on a newly built home at 5309 175th st. for just over $1 million, constructed by Claman Construction inc. The 2,142-square-foot house represents the appeal of modern construction and convenient living in a thriving suburb.
What These Transactions Tell Us
These recent sales paint a picture of a dynamic Central Iowa real estate market. We’re seeing strong demand across all property types – from large apartment complexes to single-family homes – and a willingness to invest in both established neighborhoods and growing communities. The blend of historic preservation and new construction demonstrates the region’s ability to cater to a wide range of lifestyles and preferences. Whether you’re looking for investment opportunities or a place to call home, Central Iowa continues to offer a compelling real estate landscape.