$1,721 Closing Credit¹
#703198, Timothy Schutte, Listing Office: EXIT Realty & Associates
$82,500 List price
3940 University Ave Unit 1 Des Moines, IA 50311
$980
Closing credit¹
2 beds
1 full
882 sqft
$94 / sqft
Condo
Property details
About 3940 University Ave Unit 1
Seller offering $1k closing costs credit, motivated and flexible with terms. This corner unit condo offers two generous bedrooms, a full bathroom, great kitchen, and large living area. Located just blocks from the Drake University campus, this home is walkable to so many amenities from eating to shopping and all the outdoor activities you could want in the Des Moines metro. The HOA and owners within the building are great, monthly dues includes water, heat, trash and insurance along with snow/lawn/exterior maintenance. Recent improvements include: Flooring, paint, kitchen appliances, and multiple fixtures. The home is very easy to show and immediate occupancy is available. Please call an agent today for a private tour or more information about this simple condo that offers incredible quality of life! Seller willing to cover closing costs/etc.
Highlights
Home typeCondominium
HeatingHot Water, Radiant, Other
StatusActive
CoolingCentral Air
Size882 sqft
Year built1926
MLS #706880
Summary
- MLS Number: 706880
- MLS Name: DMAAR
- Office Name: Space Simply
- Office Phone: (515) 423-0899
- Listing Agent: Cy Phillips
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/18/2025, 9:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$82,500
3940 University Ave Unit 1
$980
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
3
Hubbell Elementary School
Public District KG-5
0.6 mi
•800 42nd St
3
Perkins Elementary School
Public District KG-5
0.6 mi
•4301 College Ave
1
Monroe Elementary School
Public District KG-5
1.1 mi
•2250 30th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,841. The most common annual income of people living in Des Moines, IA is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
41%
<35k
46%
35k-100k
10%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
54%
Single, No Kids
9%
Single, with Kids
22%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
6%
12-17 yrs old
27%
18-34 yrs old
47%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Soccer
Continuing Education Courses
Hiking/backpacking
Where do the neighbors shop?
Forever 21
Express/Express For Men
Nordstrom Rack
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Chipotle
What do the neighbors drive?
Mazda
Volkswagen
Infiniti
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3940 University Ave Unit 1
This home is located at 3940 University Ave Unit 1 in Des Moines, IA and zip code 50311 in the Drake neighborhood. This 882 square foot home was built in 1926. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $82,500.
Des Moines, IA housing market in March 2025 saw over 35 listings sold above listed price, more than 42 sold at listed price and over 124 sold below. Between February and March 2025, Des Moines, IA real estate market has seen increase in the number of listings by 6.3%. In March 2025 median list price was $215,179 and the average listing age was 47 days.
From Rocket Homes Real Estate and based on county public records data.