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    1107 NE 5Th Ln, Unit 5 Ankeny, IA 50021

    For Sale
    $179,900

    Updated ground floor condo with three bedrooms and detached garage.

    Property size:
    1,214 SF

    Property Features for 1107 NE 5Th Ln

    General Information

    Size
    1,214 SF

    Building Details

    Year built
    2004

    Source: Keller Williams Realty Greater Des Moines Agent Missy Pattee

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Condo with Modern Updates

    This spacious, updated ground floor condo offers comfort, functionality, and a desirable location. The property features three bedrooms and two full bathrooms. The primary suite includes a large walk-in closet and a private en-suite bathroom. The open-concept layout facilitates seamless flow between the living, dining, and kitchen areas, suitable for both daily living and entertaining. A detached garage and an additional designated parking space are located outside the unit. The property offers quick access to I-35 and is located 10 minutes from Prairie Trail and the DMAAC campus. A new HVAC system was installed in 2022, and numerous cosmetic updates have been completed throughout the property. The condo spans 1214 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.5801643
    Latitude
    41.7357051

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    FAQs

    What type of property is this?
    Apartment building - Updated ground floor condo with three bedrooms and detached garage.
    Where is this apartment building located?
    The property is located at 1107 NE 5Th Ln, Unit 5 Ankeny, IA.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: - Ground floor unit: Offers convenience and accessibility.; - Three bedrooms and two full bathrooms: Provides ample space.; - Open-concept layout: Ideal for modern living and entertaining.
    (515) 297-3824
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1107 NE 5Th Ln, Unit 5 Ankeny, IA 50021
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