NOT LISTED FOR SALE

1004 SE 7th Terrace Lees Summit, MO 64063

Estimated Value: $301,000 - $388,000

5 Beds
3 Baths
2,364 Sq Ft
$145/Sq Ft Est. Value

Last Sold February 15, 2023

Current estimated payment $2,194/month

5 Days on Market

Highlights

  • Deck
  • No HOA
  • Attached Garage
  • Pleasant Lea Middle School Rated A-
  • Stainless Steel Appliances
  • Patio

About This Home

As of February 2023

Great investment opportunity! Low maintenance exterior and newer HVAC in both units. Both units have been updated with LVP flooring, tile flooring, neutral paint and kitchen upgrades including granite counters, stainless appliances and tile backsplash. Unit A has 3 bedrooms, 2 full baths and has a lease in place until 5/31/23. Unit B has 2 bedrooms, 1 1/2 baths and has a lease in place until 9/30/23. Please note that there is no sign in the yard.

Last Agent to Sell the Property

Leigh Anne Sirna

Realty Executives License #2001029686 Listed on: 01/10/2023

Realty Executives

Last Buyer's Agent

Cliff Pouppirt

License #2007037363

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,334

Year Built

  • Built in 1986

Lot Details

  • 0.32 Acre Lot

Parking

  • Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,364 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Basement

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Schools

  • Prairie View Elementary School
  • Lee's Summit High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 61-620-15-15-00-0-00-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Vista Del Verde Subdivision

Building Details

  • Gross Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,334

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 31-40 Years
  • Legal Description: Vista Del Verde 6th Plat Lot 14
  • Package: Yes
  • Year Built: 1986
  • Exclude From Reports: No
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: No
  • Internet Consumer Comment: No
  • Internet Entire Listing Display: Yes
  • List Agent Full Name: Leigh Anne Sirna
  • List Office Mls Id: RLEX01
  • List Office Name: Realty Executives
  • List Office Phone: 913-642-4888
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 5879
  • Special Documents Required: No
  • Tax Total Amount: 3334
  • Unit Type: 2 Bedroom, 3 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Rng/Oven- Free Std, Stainless Appliances, Washer
  • Basement: Yes
  • Laundry Features: Inside
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick Trim, Vinyl Siding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas, Natural Gas
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters
  • Cooling: Yes
  • Security Features: Smoke Detector
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager
  • Association Fee Frequency: None

Association/Amenities

  • Association: No

Schools

  • Middle/Junior School: East Trails

Lot Info

  • In Floodplain: Unknown
  • Zoning: Multi
  • Building Area Total: 2364.00
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 14011.00
  • Parcel Number: 61-620-15-15-00-0-00-000
  • Subdivision Name: Vista Del Verde

Rental Info

  • Existing Lease Terms: One Year Lease

Building Info

  • Number of Units Total: 2

Multi Family

  • Gross Income: 30000
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Property Insurance, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 3334.00

MLS Schools

  • Elementary School: Prairie View
  • School District: Lee's Summit
  • High School: Lee's Summit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2023
Closed on
Feb 15, 2023
Sold by
Mullin Matthew Jared and Mullin Brandon David
Bought by
Mb Property Investors Llc
Seller's Agent
Leigh Anne Sirna
Realty Executives
Buyer's Agent
Cliff Pouppirt
List Price
$385,000
Views
25
Current Estimated Value
$343,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.82%
Original Mortgage
$283,500
Outstanding Balance
$274,312
Interest Rate
6.15%
Mortgage Type
Credit Line Revolving
Estimated Equity
$68,908

Purchase Details

Listed on
Jan 10, 2023
Closed on
Feb 14, 2023
Sold by
Clites Todd S and Clites Julie
Bought by
Mullin Matthew Jared and Robinson Brandon David
Seller's Agent
Leigh Anne Sirna
Realty Executives
Buyer's Agent
Cliff Pouppirt
List Price
$385,000
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Outstanding Balance
$274,312
Interest Rate
6.15%
Mortgage Type
Credit Line Revolving
Estimated Equity
$68,908

Purchase Details

Closed on
Dec 10, 1996
Sold by
King Timothy L and King Sandra L
Bought by
Clites Todd S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mb Property Investors Llc -- --
Mullin Matthew Jared -- Coffelt Land Title
Clites Todd S -- Assured Quality Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mb Property Investors Llc $283,500
Previous Owner Clites Todd S $87,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2023 02/15/23 Sold -- -- --
01/15/2023 01/15/23 Pending -- -- --
01/10/2023 01/10/23 For Sale $385,000 -- $163 / Sq Ft
Source: Heartland MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,939 $53,521 $8,603 $44,918
2024 $4,939 $68,400 $12,639 $55,761
2023 $4,903 $68,400 $8,447 $59,953
2022 $3,267 $40,470 $4,158 $36,312
2021 $3,335 $40,470 $4,158 $36,312
2020 $2,957 $35,537 $4,158 $31,379
2019 $2,876 $35,537 $4,158 $31,379
2018 $1,006,803 $30,928 $3,618 $27,310
2017 $2,697 $30,928 $3,618 $27,310
2016 $2,657 $30,153 $5,282 $24,871
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2417532

Heartland MLS

APN: 61-620-15-15-00-0-00-000