2505 E 40th St, Des Moines, IA, 50317
About This Home
Welcome home to a quiet and welcoming neighborhood on the desirable East side of Des Moines! This is a rare opportunity to own a brand-new construction home, thoughtfully designed with today's buyer in mind. This stunning residence features an ideal layout with 3 spacious bedrooms and 2 full bathrooms, all showcasing crisp, modern finishes, including beautiful LVP flooring and contemporary fixtures that create a bright, airy atmosphere. The property sits on a nice-sized lot with a yard, perfect for pets, play, or gardening. Imagine beginning and ending your days in tranquility, sipping coffee on your great front porch or hosting a gathering on the covered back porch, which provides wonderful privacy and an ideal space for grilling and outdoor dining. Location is key! You are perfectly centered between the thriving communities of Altoona, Pleasant Hill, and Downtown Des Moines. This prime spot guarantees easy and quick access to major highways, making work commutes simple and providing endless choices for dining, entertainment, and shopping. A new construction home, loaded with features, and priced under $300,000? This is an incredible value you won't find often. Don't wait to see this one; it is truly move-in ready and will not last long!
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: New Construction
- New construction: Yes
- Year built: 2025
Materials
- Foundation: Poured,Slab
- Roof: Asphalt,Shingle
- Construction materials: Cement Siding
Other
- Builder name: Stam LLP
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Refrigerator,Stove
- Laundry features: Main Level
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bedrooms: 3
Features
- Dining Area,Eat-in Kitchen
Heating & Cooling
- Heating features: Forced Air,Gas,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 1,261
- Total interior livable area: 1,261 sqft
Property
Details
- Parcel number: 06003962000000
- Zoning: Res
Features
- Stories: 1
- Patio & porch: Covered,Patio
- Exterior features: Patio
Lot
- Lot size: 9,452 sqft
- Features: Rectangular Lot
- Lot size dimensions: 75 x 126
Parking
- Total spaces: 2
- Parking features: Attached,Garage,Two Car Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Heat Wave
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Iowa Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,461 | $17,532 |
| Home Insurance * | $214 | $2,568 |
| Property Taxes | $14 | $168 |
| Electricity | $121 | $1,452 |
| Total | $1,810 | $21,720 |
Income You'd Need if You Spent...
Iowa FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-11-25 | Listed for sale | $298,000 |
| 2023-11-10 | Sold | $35,000 |
| 2023-10-19 | Pending sale | $40,000 |
| 2023-10-06 | Listed for sale | $40,000 |
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