Des Moines Foreclosure With Hardwood Floors and Fireplace Listed for $124,900
A bank-owned bungalow in Des Moines, Iowa, has returned to the market for $124,900, offering two bedrooms, more than 1,400 square feet of living space and plenty of early-1900s character.
Located at 2103 Washington Avenue, the home was built in 1911 and provides approximately 1,403 square feet of finished living space.
The property includes two bedrooms and one full bathroom and sits on a 7,056-square-foot lot measuring approximately 50 by 141 feet.
At the current asking price, the home works out to roughly $89 per square foot.
One of the most important details is its current ownership status.
Zillow identifies the property as a foreclosure and lists the special condition as Real Estate Owned, commonly known as REO.
That generally means the property has returned to lender ownership following the foreclosure process and is now being offered for resale.
Inside, the bungalow retains several features that give it traditional character.
Hardwood floors extend through the main living areas, while a fireplace creates a natural focal point in the living room.
An inviting covered front porch adds to the classic exterior appearance and provides a sheltered place for outdoor seating.
Both bedrooms are located on the main level, creating a practical single-story sleeping arrangement.
The property also includes an unfinished basement that can provide additional storage, utility or workshop space.
Heating is supplied by a natural-gas forced-air system, while central air conditioning handles cooling.
A previous 2025 MLS listing for the same home described several improvements that had been completed by the prior owner.
Those earlier marketing remarks referenced refinished original hardwood floors completed in 2019, a roof replaced in 2022, updated electrical work and an installed radon mitigation system.
The previous listing also stated that the HVAC system and water heater had been replaced in 2015.
Because the property is now being marketed as an REO under a new listing, buyers should independently verify the condition and continued functionality of all prior improvements.
The earlier listing also described a bonus sunroom connected to one bedroom with its own exterior exit.
That flexible space could potentially serve as a home office, reading room, hobby area or additional sitting space.
Outside, the property includes a detached one-car garage, providing covered parking as well as additional storage.
The yard had previously been described as partially fenced with landscaping.
Public water and public sewer serve the property, and there is no homeowners association.
The home’s recent listing history is particularly interesting.
It was marketed for $185,000 in July 2025 and eventually went pending before that listing was removed in December.
The property has now returned under a new MLS number and REO ownership at $124,900.
That new asking price is $60,100 below the previous $185,000 marketing price.
Public records show the home last sold for $38,800 in September 2015.
For buyers comfortable evaluating a foreclosure property, 2103 Washington Avenue offers an unusual combination of price, size and character.
With two bedrooms, 1,403 square feet, hardwood floors, a fireplace, basement and detached garage, this century-old Des Moines bungalow is back on the market for $124,900.
Listed on Zillow