NOTABLE TRANSACTIONS: Apartment property sold in Des Moines

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Sonar Multifamily Fund LLC, located in West Des Moines, paid Edwin Allen $1.3 million for property at 3612 Ingersoll Ave. in Des Moines, Polk County real estate records show. The property includes a three-story, eight-unit apartment building (pictured) that was constructed in 1912. The property is valued at $520,000. The transaction was recorded Dec. 23.

Hubbell Realty Co., doing business as Siena Crossing Apartments LLC, paid Ankeny Development LLC $1.6 million for undeveloped property at 2840 S. Ankeny Blvd. in Ankeny, records show. Hubbell Realty, whose headquarters is in West Des Moines, recently announced plans to develop a $27 million, 162-unit apartment complex on the 7-acre site. Development is expected to begin in the spring. The transaction was recorded Dec. 26.

James Weiss paid Kruse Construction LLC $1.37 million for property at 5819 Rose Circle in Des Moines, records show. The property includes a 2,273-square-foot single-family house whose construction was completed in 2024. The transaction was recorded Dec. 26.

Dallas County

DR Horton Iowa LLC paid Stratford Crossing LLC just over $1 million for 10 residential lots in Stratford Crossing Plat 12 in Waukee, Dallas County real estate records show. The lots are along Northwest Concord Lane. The transaction was recorded Dec. 16.

HD3 LLC, located in Des Moines, paid Stonewood Inc. $1.6 million for three undeveloped residential lots at 1336, 1347 and 1383 S. Timber Lane in West Des Moines, records show. The heavily treed lots are each an acre or more. The transaction was recorded Dec. 17.

Solid Ground LLC, located in Waukee, paid Marco Properties LLC $1.5 million for undeveloped land southwest of Grimes, records show. The property is north of 250th Street/Meadow Drive and about one-half mile east of 156th Street. The transaction was recorded Dec. 17.

Thrive Iowa LLC, located in Urbandale, paid JJ Larson Properties LLC $1.7 million for seven townhome properties located in Waterford Creek South Plat 1 in Urbandale, records show. The two-story townhomes are located north of Waterford Road near 153rd Street. The transaction was recorded Dec. 18.

The Bormann Revocable Trust paid Zvonimir and Sanela Bilic $1.57 million for property at 760 Century Circle in Waukee, records show. The property includes a 2,757-square-foot house built in 2020. The transaction was recorded Dec. 18.

Michael and Kristy Perrin paid Larry and Maureen Baer $2.2 million for property at 1550 S. Deer Road in West Des Moines, records show. The 2.8-acre parcel includes a 5,290-square-foot house built in 1973. The transaction was recorded Dec. 19.

JJ & KJ Properties LLC, located in West Des Moines, paid Kettlestone Lakes LLC $3.9 million for farmland west of Grand Prairie Parkway in Waukee, records show. The transaction was recorded Dec. 27.

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Kathy A. Bolten

Kathy A. Bolten is a senior staff writer at Business Record. She covers real estate and development, workforce development, education, banking and finance, and housing.

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