Opportunity is knocking in the desirable Waveland neighborhood! This charming 2-bedroom, 1-bath bungalow is the perfect opportunity for an owner-occupant or investor looking to add their personal touches. Recent updates include a new roof and gutters, plus professionally braced basement walls. Inside, you’ll find an open-concept layout connecting the living room, dining area, and kitchen, creating a bright and functional space. Step outside to a spacious rear deck that’s already wired for a hot tub, plus a nice 4 season porch at the front of the home—perfect for relaxing or entertaining. The basement offers even more potential, with framing, electrical, and insulation already in place for future finishing. Located just north of University Avenue in the sought-after Waveland neighborhood, you’ll enjoy quick access to shopping, dining, parks, golf, and downtown Des Moines. Best of all, this home qualifies for both NFC financing and the Invest DSM grant program, providing excellent opportunities for buyers to make improvements and build equity. Don’t miss your chance to make this affordable Waveland home your own!
Pending
$139,900
1405 48th St, Des Moines, IA 50311
2beds
790sqft
Single Family Residence
Built in 1922
6,969 Square Feet Lot
$-- Zestimate®
$177/sqft
$-- HOA
What's special
Bright and functional spaceNew roof and guttersSpacious rear deck
- 27 days |
- 177 |
- 15 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Ben Bjorholm (515)250-1911,
1 Percent Lists Evolution
Source: DMMLS,MLS#: 744667
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Refrigerator, Stove, Washer
Features
- Separate/Formal Dining Room, Cable TV, Window Treatments
- Flooring: Carpet, Vinyl
- Basement: Partially Finished
Interior area
- Total structure area: 790
- Total interior livable area: 790 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached, Garage, One Car Garage
- Garage spaces: 1
Features
- Patio & porch: Deck, Porch, Screened
- Exterior features: Deck, Enclosed Porch
- Fencing: Chain Link
Lot
- Size: 6,969 Square Feet
- Dimensions: 50 x 139
- Features: Rectangular Lot
Details
- Parcel number: 10012560000000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Brick/Mortar
- Roof: Asphalt,Shingle
Condition
- Resale
- New construction: No
- Year built: 1922
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $177/sqft
- Tax assessed value: $167,600
- Annual tax amount: $2,600
- Date on market: 7/7/2026
- Cumulative days on market: 43 days
- Listing terms: Cash,Conventional
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Pending sale | $139,900$177/sqft |
Source:  DMMLS #744667 Report a problem | ||
| 7/8/2026 | Listed for sale | $139,900+76%$177/sqft |
Source: DMMLS #744667 Report a problem | ||
| 10/1/2001 | Sold | $79,500$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,600 +2.4% | $167,600 +13.1% |
| 2024 | $2,540 -7% | $148,200 |
| 2023 | $2,732 +0.9% | $148,200 +15.6% |
| 2022 | $2,708 +3.5% | $128,200 |
| 2021 | $2,616 -3.5% | $128,200 +9.9% |
| 2020 | $2,710 +6.4% | $116,700 |
| 2019 | $2,548 +1.3% | $116,700 +13% |
| 2018 | $2,516 | $103,300 |
| 2017 | $2,516 +14.1% | $103,300 +11.8% |
| 2016 | $2,206 | $92,400 |
| 2015 | $2,206 +18.3% | $92,400 +13.1% |
| 2014 | $1,864 | $81,700 |
| 2013 | -- | $81,700 +0.4% |
| 2012 | -- | $81,400 |
| 2011 | -- | $81,400 -11.5% |
| 2010 | -- | $92,000 |
| 2009 | -- | $92,000 +8.5% |
| 2008 | -- | $84,800 |
| 2007 | -- | $84,800 +18.9% |
| 2006 | -- | $71,300 |
| 2005 | -- | $71,300 +10.9% |
| 2003 | -- | $64,310 +10.5% |
| 2002 | -- | $58,210 |
| 2001 | -- | $58,210 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Waveland Park
Nearby schools
GreatSchools rating
- 3/10Perkins Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Merrill Middle SchoolGrades: 6-8Distance: 1.5 mi
- 5/10Roosevelt High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Des Moines Independent
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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