Adel Residential Tax Abatement Update

I wanted to provide an update on the residential tax abatement program in Adel. For years 2011, 2012 and 2013 the city has offered a program that abates 100% property tax for a period of 7 years. The Adel city council just extended the program another three years for 2014,2015,2016. The program has been very successful at adding additional rooftops to the city and as a result the three existing residential subdivisions – Evans View, Parkview Heights and Baileys Grove have totally sold out of lots. Since the abatement has been extended, plans are underway to develop additional homesites. In the meantime, we do have lots available that have been purchased by Well Built Homes and Barnett Construction.

This is an example of a single-family home that we have available in the Parkview Heights neighborhood:

Home Details

We also have some very nice townhomes available in the Evans View neighborhood that also offer the 7 year abatement and no association dues:

Home Details

Please contact me if you would like information on the above homes, available upcoming lots or want more information on the 7-year tax abatement.

New Tax Credit For Iowa First-Time Home Buyers

Iowa Finance Authority announced a great new program this week to put money back in the hands of homebuyers. The Take Credit! Mortgage Credit Certificate provides for an up to $2000 per year tax credit for the life of the mortgage. So essentially you would receive $2000 towards your tax liability. If you liability is zero, you should receive a refund. The money that you receive back effectively reduces your mortgage payment by the amount you receive which in this case ($2000/12) is $166 per month.

As always there are restrictions and limitations. The program is targeted towards first-time homebuyers, veterans and those living intargeted areas. From the IFA website:

  • Applicants must meet Iowa Finance Authority income limits, which vary by county.
  • The purchase price of the home may not exceed $305,000 if located in a Targeted Area or $250,000 if located in a Non-Targeted Area.
  • The home must be located in Iowa.
  • The home buyer must meet one of the following: be a first-time home buyer, purchase a home in a Targeted Area, or be a military veteran who has not previously used a mortgage revenue bond program.

In Polk county, the income limits are $75,000 income for a 1-2 person household and $86,825 for 3+ people living in a household.

This is a great program that makes housing more affordable for many people.

Please contact me if I can provide you with more information or connect you with an approved lender.

312 Chestnut Street – Desoto

Very nice 1.5 story home in quiet rural neighborhood. This home shows very well with all the latest finishes and tons of natural sunlight. The 1st floor has lots of hardwood flooring, a dramatic 2-story foyer, and office/den. The kitchen is open to the great room and has stainless appliances with a nice pantry. The master suite has tray ceiling and roomy bath with walk-in closet. The 2nd level also has two larger bedrooms, plus a bonus room that could easily be converted to a 5th bedroom. The lower level has 820 ft of recently finished space along with lots of room for storage. Great ADM School District and short 10 minutes drive to WDM. All this for under $100/ft.

Property Details

Listing Price: $254,900
Address: 312 Chestnut
City: Desoto
State: Iowa
ZIP: 50069
Garage # of spaces, att or det: 3-attached
MLS # (if any): 401715
Square Feet: 2787
Bedrooms: 4
Bathrooms: 3
Basement (full, 1/2, finished, unfinished): Finished

Property Photos

Welcome to our updated website logoIf you are a returning visitor, you have probably noticed that has been upgraded to a new WordPress theme. We are excited about the new look and additional features to make shopping for a home even easier. Some of the additions include:

  • New mortgage and affordability calculators
  • Current mortgage rates
  • Latest new listings on the Community pages
  • School information on the Community pages
  • User login on the Search pages
  • Addition of Walk Score information on the listing results page
  • Nifty social media sharing icons

Coming soon, update real estate market information on the greater Des Moines area.

We would love to get some feedback on the new design, please leave your comments in the box below .

If you are a return visitor, you have probably noticed that has been upgraded to a new WordPress theme. We are excited about the new look and additional features to make shopping for a home even easier. Some of the additions include:

New mortgage and affordability calculators
Current mortgage rates
Social media icons
Latest new listings on the Community pages
User login on the Search pages

New Website Feature – Des Moines Foreclosure Search

We just added a new feature to, the ability to view bank-owned foreclosures online. The searches are organized by price-point and contain all the of bank-owned (REO) properties listed in the Des Moines MLS. This includes Des Moines and the surrounding areas. You can browse the listings and get more information on opportunities to purchase foreclosure homes here:

Des Moines Foreclosure Properties

We are happy to be able to offer this capability as a reliable means of identifying REO homes for sale. If you perform a Google seDes Moines foreclosure properties for salearch for Des Moines foreclosures, you will find many companies that claim to offer similiar properties. Unfortunantely the information is often out of date or unreliable.

The homes are segmented by price into two groups, those listed below $100,000 and those listed below $100,000.

Feel free to browse the listings. If you would like to get new foreclosure listings forwarded to you via email the same day they are listed just contact me and let me know which areas and price-ranges you are most interested in.

New Listing – Very Unique Home in Johnston IA

We recently listed this wonderful home in the Neighborhood at 86th in Johnston. It is a very unique property with ton’s of quality finish throughout. You will find a lots’s maple trim and cabinets, finished lower level and large master suite. Take a look:

For more information visit:

Unique Johnston Home

Where is the Des Moines Real Estate Market headed in 2011?

Forecast for the 2011 Des Moines Real Estate MarketThere has been quite a bit of positive buzz about the market heading into next year. As Steve Harney writes in the KCM Blog, both Fannie Mae and Freddie Mac are predicting increases in sales for 2011:

KCM Blog – Demand for Housing Will Increase in 2011

I expect the Q4 sales numbers to be lower as we have already seen in the October and November sales stats. I think this is mostly due to the fact that most buyers purchased earlier in the yeat to take advantage of the tax credit. As we return to a more normalized “post tax-credit” market for 2011, I believe the Q1 2011 will be stronger.

As Steve mentioned in his post, the overall sales numbers will be higher but home prices are not expected to increase significantly. This means that it will continue to be an excellent time to buy given the fact that prices remain at the bottom along with extremely low interest rates.

New listing – 7111 Dakota Drive in Reeds Crossing

This Reeds Crossing Two-Story home has been updated extensively and is in move-in condition. Close to everything that West Des Moines has to offer, shopping, parks, schools and resturants. Take a look at the video:

New listing in Kings Valley – 291 S 61st in West Des Moines

We just listed this Meridian resale in the Kings Valley neighborhood. It is nicely finished throughout, sits on a large corner lot and backs to a neighborhood park. It is also listed almost $100,000 below the original purchase price. What more could you ask for?

Take a look at the video below:

You can click here for more information