8101 N Walnut Creek Drive

8101 N Walnut Creek Drive Urbandale, IA 50322 Call Jeremy Goemaat 877-527-5400

2(3) Bed, 1.5 Bath 1,304 (finished sq ft) 1,994 (total sq ft)

Upstairs Living Room & Fireplace Kitchen Master Bedroom Master Bedroom Hot Tub Skylights Downstairs Living Room Downstairs Living Room Second Bedroom Second Bedroom Furnace/Workout Room Master Bath (new) Deck Deck Half Bath Backyard Trees in Summer Backyard Trees in Summer Frontyard Trees in Summer Deck Wildlife

Overview » This split-level house, built in 1979 is located on a quite culdesac. Many bike trails wind through the neighborhood, including one right along the back yard. The trails wind clear to the local Library, parks, soccor fields, tennis courts and grocery stores! » The house sits on a large, corner lot with mature trees that fully shade the large deck during the Summer months. » Two large sun-lights bring plenty of sunshine into the main living room. » Most major appliances are new (less than one year old) including the furnace, air conditioner, water heater and remote-control gas fireplace. » An additional power circuit has been added to the spare upstairs bedroom as well as the basement bedroom, which the owner used as a home office - in addition, both cable and DSL broadband service is both available at this house. » Unique rock fireplace wall and hearth (see pictures). » Hot tub is NOT included in price - we will likely move it, but we could be bribed to leave it :) Property Features Item 8101 N Walnut Creek HOUSE TO COMPARE Bedrooms1 2  Bathrooms2 1 1/2 Sq Ft3 1,304 (fin)/1,994 (tot) Furnace NEW (efficient) Fireplace NEW (w/remote) Water Heater NEW A/C NEW (efficient) Lot LARGE/CORNER/MATURE TREES Location Quiet culdesac bordering bike trail Basement DRY Features Large deck w/hot-tub shroud Siding replaced 20044 Large living-room skylights Dryer, stove, fridg, dishwasher included 1 Large master bedroom. Can get a 3rd "official" bedroom in basement by installing a larger, egress window. 2 New shower/tub/toilet in master bathroom in 2004. 3 Most homes in this neighborhood have similar floorplans and sq ft. I am using numbers from the Polk County Assessor website. I do not think they count some of the basement in the finished area, which is fine for taxes. :) We have one more level than this neighborhood house, selling for nearly as much. 4 We had a large portion of the wood siding panels replaced due to normal weathering and age - costing $1,xxx. (see pics) Pricing Our house is priced well below market value. Price Calculations In determining the market value (MUCH HIGHER THAN OUR SALE PRICE) of the house, I took the following into effect: Price Total Detail +$121,500 $121,500 Purchase price 1999 +$32,236 $153,736 4% (lowball) appreciation 1999 to 2005 +$4,000 $157,736 Fireplace (2004) +$1,500 $159,236 Furnace (2003) +$1,700 $160,936 A/C (2004) +$5,000 $165,936 Bathroom Remodeling (2004) $165,936 ESTIMATED VALUE Appreciation The following is a list of comparable houses for determining appreciation. This is just a base as there is no easy way to determine what updates they have done to their houses. Nearly all comparables below were built in the same year, 1979, as our house. % Dates Address Sale Date Sale Price Notes 3.53% 1996-2003 8103 N Walnut Creek Drive     Next door; less improvements; less room; smaller lot 6.25% 1998-2001 8020 N WALNUT CREEK DR Two houses down; similar sq ft 4.35% 2001-2004 8020 N WALNUT CREEK DR 11/23/2004 $150,000 (I listed twice as it sole twice recently) 4.40% 1993-2004 8002 N WALNUT CREEK DR 09/18/2004 $145,000 Down the street; similar sq ft 5.95% 1998-2003 8105 N WALNUT CREEK DR 04/28/2003 $138,000 Two houses down - similar layout 5.75% 1997-2002 8100 N WALNUT CREEK DR 07/16/2003 $145,500 Directly across street; similar size; smaller lot 6.15% 1997-2003 8104 N WALNUT CREEK DR 11/25/2003 $150,000 Across street; smaller size & lot Home Inspection I recently (3/28/2005) had the home inspected to find any issues I may have missed. This cost us $225, but shows our open-ness and confidence with this house. If you have seen the home inspection report from most houses in this neighborhood and age, you know this is not many "fix it" items. I have attached the home inspection report (in two parts due to size). I put the items noted below along with we've handling them: Inspection Part 1 (918K) Inspection Part 2 (623K) Item Action Taken 40A breaker on 30A A/C unit FIXED 04/07/05 2 x Window Sill Update FIXED 04/12/05 Minor siding repairs FIXED 04/16/05 A few loose shingles FIXED 04/05/05 Kitchen Tile Minor tile cracks present since we moved in, but am not replacing before sale as everyone's color preference is different :) Utilities We've had people ask about our utility bills, so I called MidAmerican and put copies of some of our electric/gas bills below. I put a mix of months, to include the WORST months for cooling (July) and WORST for heating (February). NOTE: The addition of our hot-tub in last fall raised our electric bill over $20/month! So if you do not have a hot-tub, you can deduct that much. Also, energy prices have risen greatly this year, so I showed some of our older bills also to compare Winter 2004 against Winter 2005. MidAmerican Feb 2004 (120K) MidAmerican July 2005 (125K) MidAmerican Feb 2005 (76K)