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.
Sold for $130,000
$130,000
505 Payton Ave, Des Moines, IA 50315
2beds
1,412sqft
Single Family Residence
Built in 1918
6,229.08 Square Feet Lot
$-- Zestimate®
$92/sqft
$1,237 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,237/mo
Zestimate® history
Owner options
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$1,237/mo
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$1,237/mo
Rent Zestimate®
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$908/mo
Est. payment
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$908/mo
Est. payment
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List your homeWhat's special
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#: 741537
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
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
- Patio & porch: Deck
- Exterior features: Deck
- Fencing: Chain Link
Lot
- Size: 6,229 sqft
- 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 & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Des Moines
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Sold | $130,000-3.7%$92/sqft |
Source:  DMMLS #741537 Report a problem | ||
| 6/12/2026 | Pending sale | $135,000$96/sqft |
Source: DMMLS #741537 Report a problem | ||
| 5/25/2026 | Listed for sale | $135,000+346.2%$96/sqft |
Source: DMMLS #741537 Report a problem | ||
| 10/26/2012 | Sold | $30,253+52%$21/sqft |
Source: DMMLS #406724 Report a problem | ||
| 9/13/2012 | Listed for sale | $19,900-76.6%$14/sqft |
Source: REMAX REAL ESTATE CONCEPTS Report a problem | ||
| 8/25/2010 | Listing removed | $85,000-2.3%$60/sqft |
Source: RE/MAX Real Estate Group #346363 Report a problem | ||
| 11/25/2009 | Price change | $87,000-3.3%$62/sqft |
Source: RE/MAX Real Estate Group #346363 Report a problem | ||
| 10/3/2009 | Price change | $90,000-3.1%$64/sqft |
Source: RE/MAX Real Estate Group #346363 Report a problem | ||
| 5/13/2009 | Listed for sale | $92,900$66/sqft |
Source: RE/MAX Real Estate Group #346363 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 schools
GreatSchools rating
- 4/10Lovejoy Elementary SchoolGrades: K-5Distance: 0.6 mi
- 4/10McCombs Middle SchoolGrades: 6-8Distance: 1.1 mi
- 1/10Lincoln High SchoolGrades: 9-12Distance: 2.4 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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- Iowa
- Polk County
- Des Moines
- 50315
- Fort Des Moines
- 505 Payton Ave
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