NOT LISTED FOR SALE

1202 SE 3rd Terrace Lee's Summit, MO 64063

Estimated Value: $269,000 - $393,000

6 Beds
2 Baths
1,596 Sq Ft
$218/Sq Ft Est. Value

Last Sold November 01, 2024

Current estimated payment $2,199/month

13 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Paved or Partially Paved Lot
  • Pleasant Lea Middle School Rated A-
  • Forced Air Heating and Cooling System
  • 5-minute walk to Miller J. Fields Park

About This Home

As of November 2024

GREAT investment opportunity in amazing location! Duplex in Lee's Summit. Please allow 24 hour notice to show. showings weekdays 3-7 only. Listing includes sides A & B. Close to shopping, restaurants, with great highway access. Lease agreements will be provided with accepted offer. Both sides are rented $1,500 each per month until Feb 2025! See supplements for all the details!

Last Agent to Sell the Property

Ask Cathy

Keller Williams Platinum Prtnr Brokerage Phone: 816-268-4033 Listed on: 09/07/2024

Keller Williams Platinum Prtnr

Co-Listed By

Darlene Peterson

Keller Williams Platinum Prtnr Brokerage Phone: 816-268-4033 License #SP00218169

Last Buyer's Agent

Kenneth Johnson

RE/MAX State Line License #00247078

RE/MAX State Line

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,525

Year Built

  • Built in 1973

Lot Details

  • 10,136 Sq Ft Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Brick Frame
  • Composition Roof
  • Stone Veneer

Interior Spaces

  • 1,596 Sq Ft Home
  • 2-Story Property
  • Laundry in Garage
  • Basement

Kitchen

  • Built-In Electric Oven
  • Disposal

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 61-130-32-15-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Briarcroft Subdivision

Building Details

  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,525

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1973
  • Co List Office Mls Id: HMSKW02
  • Co List Office Name: Keller Williams Platinum Prtnr
  • Co List Office Phone: 816-525-7000
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Ask Cathy Team
  • Listing Service: Full Service
  • List Office Mls Id: HMSKW02
  • List Office Name: Keller Williams Platinum Prtnr
  • List Office Phone: 816-525-7000
  • Mls Status: Sold
  • Operating Expense: 6140
  • Age Description: 51-75 Years
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Phone Other: 8166941648
  • Phone Other Type: Cell
  • Package: No
  • Attribution Contact: 816-268-4033
  • Special Features: None

Interior Features

  • Appliances: Disposal, Refrigerator, Built-In Electric Oven
  • Basement: Yes
  • Laundry Features: In Garage
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick & Frame, Stone Veneer
  • Road Surface Type: Paved
  • Inside City Limits: Yes

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached
  • Total Parking Spaces: 2

Utilities

  • Cooling: Electric
  • Heating: Forced Air
  • Sewer: City/Public
  • Utilities: Ind Heat And Air
  • Cooling: Yes
  • Water Source: Public

Association/Amenities

  • Association: No

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Fee Information

  • Deposit: Coffelt Land Title

Schools

  • Junior High Dist: Lee's Summit

Lot Info

  • Zoning: RES
  • Building Area Total: 1596
  • Lot Size Sq Ft: 10136
  • Parcel Number: 61-130-32-15-00-0-00-000
  • Subdivision Name: Briarcroft
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: No

Building Info

  • Number of Units Total: 2

Rental Info

  • Existing Lease Terms: Six Month Lease

Multi Family

  • Gross Income: 36000
  • Current Occupancy Rate: 80-90%
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 4525
  • Tax Abatement YN: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2024
Closed on
Oct 31, 2024
Sold by
Smith Erin and Smith Erin G
Bought by
A & R Realty Llc
Seller's Agent
Ask Cathy
Keller Williams Platinum Prtnr
Buyer's Agent
Kenneth Johnson
RE/MAX State Line
List Price
$350,000
Views
13
Current Estimated Value
$347,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.71%
Original Mortgage
$262,500
Outstanding Balance
$259,872
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$87,656

Purchase Details

Closed on
Dec 29, 2023
Sold by
Smith Lucas J
Bought by
Smith Erin G

Purchase Details

Listed on
Oct 9, 2019
Closed on
Nov 15, 2019
Sold by
C1 Oak Grove Llc
Bought by
Smith Erin
Seller's Agent
Sally Groves
ReeceNichols - Eastland
Buyer's Agent
Darlene Peterson
Keller Williams Platinum Prtnr
List Price
$234,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%
Original Mortgage
$176,175
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2013
Sold by
Calton Ila J
Bought by
C1 Oak Grove Llc
Source: Public Records

Range of Values:

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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
A & R Realty Llc -- Coffelt Land Title
Smith Erin G -- None Listed On Document
Smith Erin -- Stewart Title Company
C1 Oak Grove Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A & R Realty Llc $262,500
Previous Owner Smith Erin $176,175
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2024 11/01/24 Sold -- -- --
09/19/2024 09/19/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $350,000 +49.0% $219 / Sq Ft
11/18/2019 11/18/19 Sold -- -- -- View Prior Sale
10/08/2019 10/08/19 For Sale $234,900 -- --
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 $4,558 $50,506 $7,556 $42,950
2024 $4,525 $63,131 $6,399 $56,732
2023 $4,525 $63,131 $8,377 $54,754
2022 $3,083 $38,190 $3,914 $34,276
2021 $3,147 $38,190 $3,914 $34,276
2020 $2,784 $33,454 $3,914 $29,540
2019 $2,708 $33,454 $3,914 $29,540
2018 $2,539 $29,115 $3,406 $25,709
2017 $2,539 $29,115 $3,406 $25,709
2016 $2,501 $28,386 $3,211 $25,175
2014 $2,601 $28,942 $2,894 $26,048
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2508662

Heartland MLS

APN: 61-130-32-15-00-0-00-000