NOT LISTED FOR SALE

10205 E 63rd Terrace Raytown, MO 64133

Estimated Value: $274,000 - $448,000

8 Beds
8 Baths
1,920 Sq Ft
7,710 Sq Ft Lot

Last Sold August 08, 2020

Current estimated payment $2,472/month

32 Days on Market

About This Home

As of August 2020

Turnkey investment opportunity in quiet residential neighborhood in Raytown. Offering includes two adjoining brick & stucco 4-plexes located at 10205 & 10207. All units are 2 bedroom and 2 full bath including a master en suite. Complex is fully occupied, many w long term renters. Each unit includes a carport and a private storage unit. All units are proactively maintained and professionally managed. All units are same floor plan and all walk out to a patio or deck.Units are individually metered & paid by tenants. This is a perfect turkey opportunity for an investor looking to expand their portfolio in a low maintenance professionally managed 8-plex. All tenants are current with rent.

Last Agent to Sell the Property

David Van Noy Jr.

Van Noy Real Estate License #2003002907 Listed on: 04/24/2020

Last Buyer's Agent

Kevin Braun

Cascade Financial Investments License #2020006239

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,136

Year Built

  • Built in 1989

Lot Details

  • 7,710

Home Design

  • Brick Frame
  • Composition Roof

Interior Spaces

  • 2-Story Property

Parking

  • 16 Parking Spaces
  • Carport
  • Off-Street Parking

Schools

  • Norfleet Elementary School
  • Raytown High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 45-130-03-13-00-0-00-000

Community Details

Overview

  • 8 Units
  • Muirsmith Add Subdivision

Building Details

  • Gross Income $67,920

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,136

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment Building
  • Age Description: 21-30 Years
  • Legal Description: lengthy call agent
  • Package: Yes
  • Year Built: 1989
  • Co List Office Mls Id: RAN 05
  • Co List Office Name: ReeceNichols - Leawood
  • Co List Office Phone: 913-851-7300
  • 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: David Van Noy Jr.
  • List Office Mls Id: RAN 05
  • List Office Name: ReeceNichols - Leawood
  • List Office Phone: 913-851-7300
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 14787
  • Phone Other: 913-259-4663
  • Special Documents Required: No
  • Tax Total Amount: 5136
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick & Frame, Stucco & Frame

Garage/Parking

  • Garage: No
  • Parking Features: Carport, Off Street
  • Total Parking Spaces: 16

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Telecommunications: Metro Free
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt

Schools

  • Middle/Junior School: Central

Lot Info

  • In Floodplain: No
  • Zoning: R-3
  • Lot Dimensions: 50X148 / 57X149
  • Parcel Number: 45-130-03-13-00-0-00-000
  • Subdivision Name: Muirsmith Add

Rental Info

  • Existing Lease Terms: 12 Months

Building Info

  • Number of Units Total: 8

Multi Family

  • Gross Income: 67920
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Maintenance, Property Insurance, Property Mgmt, Real Estate Tax, Refuse Collection

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 5136.00

MLS Schools

  • Elementary School: Norfleet
  • School District: Raytown
  • High School: Raytown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2019
Sold by
War Holdings Llc
Bought by
Addleman Thomas
Current Estimated Value
$376,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Outstanding Balance
$151,844
Interest Rate
5.04%
Mortgage Type
New Conventional
Estimated Equity
$224,823

Purchase Details

Closed on
Jun 19, 2017
Sold by
Mccoy Mark
Bought by
Real Mccoy Properties Llc

Purchase Details

Listed on
Apr 17, 2009
Closed on
Jan 30, 2012
Sold by
Lemay Judy and Prebyl David
Bought by
Mccoy Mark
Seller's Agent
Patty Howie
ReeceNichols - Eastland
Buyer's Agent
Billie Bauer
Keller Williams Realty Partners Inc.
List Price
$235,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.32%

Purchase Details

Closed on
Feb 8, 2006
Sold by
Lemay Judith and Prebyl David
Bought by
Lemay Judy and Prebyl David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.18%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 12, 2005
Sold by
Akram Abdul G and Akram Rukhsana N
Bought by
Lemay Judith and Prebyl David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
2.12%
Mortgage Type
New Conventional
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
Addleman Thomas -- None Available
Real Mccoy Properties Llc -- None Available
Mccoy Mark -- Kansas City Title Inc
Lemay Judy -- Accommodation
Lemay Judith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Addleman Thomas $189,000
Previous Owner Lemay Judy $132,000
Previous Owner Lemay Judith $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/08/2020 08/08/20 Sold -- -- --
05/26/2020 05/26/20 Pending -- -- --
04/24/2020 04/24/20 For Sale $695,000 +195.7% $362 / Sq Ft
01/31/2012 01/31/12 Sold -- -- -- View Prior Sale
11/30/2011 11/30/11 Pending -- -- --
04/17/2009 04/17/09 For Sale $235,000 -- $122 / 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 $5,978 $65,834 $8,009 $57,825
2024 $5,937 $66,263 $7,908 $58,355
2023 $5,937 $66,263 $7,686 $58,577
2022 $4,683 $49,780 $3,297 $46,483
2021 $4,699 $49,780 $3,297 $46,483
2020 $4,165 $43,701 $3,297 $40,404
2019 $4,142 $43,701 $3,297 $40,404
2018 $2,486 $27,167 $2,649 $24,518
2017 $2,486 $27,167 $2,649 $24,518
2016 $2,410 $26,486 $3,040 $23,446
2014 $2,437 $26,486 $3,040 $23,446
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2217433

Heartland MLS

APN: 45-130-03-13-00-0-00-000