NOT LISTED FOR SALE

Estimated Value: $155,000

4 Beds
4 Baths
2,880 Sq Ft
$54/Sq Ft Est. Value

Last Sold November 29, 2021

Current estimated payment $969/month

29 Days on Market

Highlights

  • Wood Flooring
  • Window Unit Cooling System
  • Heating System Uses Gas

About This Home

As of November 2021

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON OCTOBER 28TH. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. NO MINIMUM, NO RESERVE!!! This home is converted into (4) 1 bedroom, 1 bathroom units in North Wichita. Three of the four units are rented giving you a monthly income of $1,090 and an annual income of $13,080.  The exterior of the complex features a spacious covered front porch and an off-street parking area in the back with alley access. Each unit has a living room that opens up to the kitchen with an eating space that includes a refrigerator and oven. There is one bedroom and a full bathroom.  Unit 1 - Vacant Unit 2 - Rented month to month for $350 with a $200 security deposit.  Unit 3 - Rented month to month for $360 with a $200 security deposit. Unit 4 - Rented month to month for $380 with a $200 security deposit.  Units 1, 2, and 3 have individual HVAC units with unit 4 having a window unit. Tenants pay electricity and the owner pays for water, trash, and gas for unit 4. All other units are all electric. There are separate electric meters.  *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. It is incumbent upon buyer to exercise buyer’s own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer’s responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or seller’s agents was obtained from a variety of sources and neither seller nor seller’s agents have made any independent investigation or verification of such information and make no representation as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $5,000.

Last Agent to Sell the Property

Rick Brock

McCurdy Real Estate & Auction, LLC License #00032084 Listed on: 09/29/2021

Last Buyer's Agent

Daniel Gutierrez

Keller Williams Hometown Partners License #00235453

Keller Williams Hometown Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,718

Year Built

  • Built in 1920

Lot Details

  • 6,369 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Converted Dwelling
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Cellar
  • Oven or Range

Schools

  • Gordon Parks Elementary School
  • Marshall Middle School
  • North High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

  • 4 Units
  • Gross Income $13,080

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for gas, trash, water/sewer
  • Assessor Parcel Number 20173-125-16-0-22-07-003.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,718

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Four To Sixplex
  • Style: Converted House
  • Estimated Age: 81+ Years
  • Total Specials: 31.2
  • Year Built: 1920
  • Annual Specials: 31.2
  • Estimated TFLA: 2880
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 773

Interior Features

  • Appliances: Over/Range, Refrigerator
  • Floors: Carpet, Wood
  • Basement: Cellar
  • Number Of Stories: Two

Exterior Features

  • Construction: Frame
  • Roof: Composition

Garage/Parking

  • Parking: 1 Per Unit
  • On Site Parking Spaces: 4

Utilities

  • Cooling: Individual Unit, Window Unit
  • Flood Insurance: Unknown
  • Heating: Central Gas, Individual Unit
  • Utilities: Natural Gas, Public, Sewer

Schools

  • School District: Wichita School District (USD 259)
  • Elementary School: Gordon Parks
  • Middle School: Marshall
  • High School: North
  • Elementary School: Gordon Parks
  • High School: North

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 6369
  • Geo ADDRESS Line: 1248 N Emporia Ave
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Subdivision: KS
  • Geo Update: 10/07/2021
  • Geo Zoom Level: 16

Rental Info

  • Owner Paid Utilities: Gas, Trash, Water/Sewer
  • Tenant Paid Utilities: Electric

Tax Info

  • Assessor Parcel Number: 20173-125-16-0-22-07-003.00
  • General Taxes: 1325.81
  • General Tax Year: 2020

Multi Family

  • Number Of Units: 4
  • Number Of 1 Bedroom Units: 4
  • Rent Per Unit 1 Bedroom: $350, $360 & 380
  • Gross Income: 13080

MLS Schools

  • Middle School: Marshall
  • School District: Wichita School District (USD 259)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2021
Closed on
Nov 29, 2021
Sold by
White Merle David and White Carolyn S
Bought by
Rdx Rental Properties Llc
Seller's Agent
Rick Brock
McCurdy Real Estate & Auction, LLC
Buyer's Agent
Daniel Gutierrez
Keller Williams Hometown Partners
List Price
$52,800
Current Estimated Value
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.64%
Source: Public Records

Range of Values:

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Average Value
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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
Rdx Rental Properties Llc -- Security 1St Title Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2021 11/29/21 Sold -- -- --
10/28/2021 10/28/21 Pending -- -- --
09/29/2021 09/29/21 For Sale $52,800 -- $18 / Sq Ft
Source: South Central Kansas 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 $1,718 $18,815 $2,496 $16,319
2023 $1,718 $15,135 $2,082 $13,053
2022 $1,377 $12,467 $1,967 $10,500
2021 $1,352 $11,765 $1,564 $10,201
2020 $1,357 $11,765 $1,564 $10,201
2019 $1,281 $11,098 $1,564 $9,534
2018 $1,248 $10,842 $1,323 $9,519
2017 $1,249 $0 $0 $0
2016 $1,244 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Kansas MLS

MLS Number: 603102

South Central Kansas MLS

APN: 125-16-0-22-07-003.00