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Sold for $130,000
    • $130,000

    505 Payton Ave, Des Moines, IA 50315

    2beds
    1,412sqft
    Single Family Residence
    Built in 1918
    6,229 Square Feet Lot
    $130,500 Zestimate®
    $92/sqft
    $1,300 Estimated rent

    Home value

    $130,500

    $124,000 - $137,000

    $1,300/mo

    Zestimate® history
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    What's special

    Investor opportunity in South Des Moines! This spacious 2-bedroom home offers over 1,400 finished square feet and incredible potential for investors, flippers, rental property buyers, or homeowners looking to build equity through improvements. Featuring generous living areas and a large kitchen with plenty of space for entertaining or everyday living, this property provides flexibility and room to add value. A finished attic creates additional usable space perfect for a home office, playroom, bonus room, hobby space, or potential expansion opportunities. Located in South Des Moines with convenient access to shopping, dining, parks, schools, and major commuter routes, this home offers the chance to renovate, customize, and maximize potential. Whether you're searching for an investment property, fixer-upper opportunity, or value-add home in Des Moines, this property is full of possibilities.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nikki Snyder 515-447-7813,

    Cellar Door Realty,

    Kevin Snyder 712-830-5075,

    Cellar Door Realty

    Bought with:

    Kevin Cochran

    EXP Realty, LLC

    Source: DMMLS,MLS#: 741537MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bedrooms: 2
    Heating
    • Forced Air, Gas
    Cooling
    • Central Air
    Appliances
    • Included: Refrigerator, Stove
    Features
    • Dining Area, Cable TV
    • Flooring: Carpet, Laminate
    • Basement: Unfinished
    Interior area
    • Total structure area: 1,412
    • Total interior livable area: 1,412 sqft

    Property

    Features
    • Levels: One and One Half
    • Stories: 1.5
    • Patio & porch: Deck
    • Exterior features: Deck
    • Fencing: Chain Link
    Lot
    • Size: 6,229 Square Feet
    • Features: Rectangular Lot
    Details
    • Parcel number: 12000733000000
    • Zoning: Res

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: One and One Half Story
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Brick/Mortar
    • Roof: Asphalt,Shingle
    Condition
    • Year built: 1918

    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: $92/sqft
    • Tax assessed value: $127,200
    • Annual tax amount: $2,397
    • Date on market: 5/25/2026
    • Cumulative days on market: 6 days
    • Listing terms: Cash,Conventional
    • Road surface type: Concrete

    Price history

    DateEventPrice
    7/6/2026Sold$130,000-3.7%$92/sqft
    Source: DMMLS #741537 Report a problem
    6/12/2026Pending sale$135,000$96/sqft
    Source: DMMLS #741537 Report a problem
    5/25/2026Listed for sale$135,000+346.2%$96/sqft
    Source: DMMLS #741537 Report a problem
    10/26/2012Sold$30,253+52%$21/sqft
    Source: DMMLS #406724 Report a problem
    9/13/2012Listed for sale$19,900-76.6%$14/sqft
    Source: REMAX REAL ESTATE CONCEPTS Report a problem
    8/25/2010Listing removed$85,000-2.3%$60/sqft
    Source: RE/MAX Real Estate Group #346363 Report a problem
    11/25/2009Price change$87,000-3.3%$62/sqft
    Source: RE/MAX Real Estate Group #346363 Report a problem
    10/3/2009Price change$90,000-3.1%$64/sqft
    Source: RE/MAX Real Estate Group #346363 Report a problem
    5/13/2009Listed for sale$92,900$66/sqft
    Source: RE/MAX Real Estate Group #346363 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,250 +2%$127,200 +13.5%
    2024$2,206 +5.8%$112,100
    2023$2,086 +0.8%$112,100 +26.7%
    2022$2,070 +7.1%$88,500
    2021$1,932 -7.7%$88,500 +14.3%
    2020$2,094 -43.1%$77,400
    2019$3,679 +101.9%$77,400 +13%
    2018$1,822 $68,500
    2017$1,822 +10.3%$68,500 +9.3%
    2016$1,652 $62,700
    2015$1,652 +6.9%$62,700 +3.8%
    2014$1,546 $60,400
    2013-- $60,400 -22.2%
    2012-- $77,600
    2011-- $77,600 -1.1%
    2010-- $78,500
    2009-- $78,500 -1.3%
    2008-- $79,500
    2007-- $79,500 +8.5%
    2006-- $73,300
    2005-- $73,300 +14.9%
    2003-- $63,780 +17.8%
    2002-- $54,130
    2001-- $54,130
    Find assessor info on the county website

    Neighborhood: Fort Des Moines

    Nearby homes

    Nearby schools

    GreatSchools rating
    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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    With Zillow Showcase(estimated)
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