NOT LISTED FOR SALE

1369 Mccausland Ave Saint Louis, MO 63117

Hi-Pointe Neighborhood

Estimated Value: $155,440 - $192,000

-- Bed
1 Bath
4,764 Sq Ft
$37/Sq Ft Est. Value

Last Sold November 10, 2017

Current estimated payment $1,030/month

5 Days on Market

About This Home

As of November 2017

EXTREMELY RARE - Massive, fully gut rehabbed 6 unit condo blocks from Wash U, Clayton and the heart of HWY 40. The building was separated and sold as six 2 bd/1 bath condos – the building has since been put back together under one ownership with 6 renters. Tenants and owner occupants can walk for a drink at the Cheshire, take a quick run in forest park, or hit up Dogtown or the Clayton secs. All units are the same floor plan with resurfaced hardwood floors, updated HVAC, updated plumbing, modern kitchens and baths, and equal sized bedrooms with tons of natural lighting. All appliances stay with the building + 6 washer dryers for each unit. There is tons of upside on this one; property runs in place at an 8% cap rate and can easily be at north of a 10% cap with little effort - you wont find this deal anywhere else in the 63117. Add some personal touches, or just cash your rent – this property provides perfect value for someone looking to live & invest in a Class A neighborhood.

Last Agent to Sell the Property

Sid Chakraverty

St. Louis Apartment Experts, LLC License #2004024931 Listed on: 10/04/2017

Last Buyer's Agent

Eric Nickish

Equity Missouri LLC License #2010039523

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,341

Year Built

  • 1923

Home Design

  • 4,764 Sq Ft Home
  • Updated or Remodeled
  • Brick or Stone Mason

Laundry

  • Laundry in unit

Parking

  • 2 Parking Spaces Included
  • Over 1 Space Per Unit
  • On-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Mid-Rise Condominium

Listing and Financial Details

  • Tenant pays for electric, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,341

Year Built

1923

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex
  • Cross Street: Dale
  • Municipality Township: St. Louis City
  • Special Description: Rehabbed, Renovated
  • Age: 93
  • Ownership: Private
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1923

Interior Features

  • Laundry: Lndry Connect all Un
  • Square Footage: 4764

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: 2+ Space/Unit, On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Lot Info

  • Lot Dimensions: 135*60
  • Location: City

Rental Info

  • Tenancy Type: Leases, Month To Month
  • Tenant Pays: Electric, Gas

Multi Family

  • Building Info: Smoke/Alarm Detector
  • Building Number: 1
  • Gross Operating Income: 86400.00
  • Total Expenses: 15769.00

Tax Info

  • Taxes Paid: 7674

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2017
Closed on
Sep 15, 2017
Sold by
Investors Title Company
Bought by
Gothics Two Llc
Seller's Agent
Sid Chakraverty
St. Louis Apartment Experts, LLC
Buyer's Agent
Eric Nickish
Equity Missouri LLC
List Price
$699,995
Current Estimated Value
$175,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-15.86%

Purchase Details

Closed on
Oct 5, 2016
Sold by
Laura Melissa Weil Schacht Living Trust
Bought by
Mccausland Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
3.43%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 2, 2012
Sold by
Shelton Jocelyn M
Bought by
Laura Melissa Weil Schacht Living Trust and Mccausland Place Llc

Purchase Details

Closed on
Nov 10, 2008
Sold by
Mc Causland Investments Llc
Bought by
Shelton Jocelyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
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
Gothics Two Llc -- None Available
Mccausland Place Llc -- Title Partners Agency Llc
Laura Melissa Weil Schacht Living Trust -- Atc
Shelton Jocelyn M -- Insured Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccausland Place Llc $69,000
Previous Owner Shelton Jocelyn M $81,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2017 11/10/17 Sold -- -- --
10/10/2017 10/10/17 Pending -- -- --
10/04/2017 10/04/17 For Sale $699,995 -- $147 / Sq Ft
Source: MARIS 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 $1,341 $17,080 -- $17,080
2024 $1,275 $15,960 -- $15,960
2023 $1,275 $15,960 $0 $15,960
2022 $1,261 $15,200 $0 $15,200
2021 $1,259 $15,200 $0 $15,200
2020 $1,250 $15,200 $0 $15,200
2019 $1,245 $15,200 $0 $15,200
2018 $1,285 $15,200 $0 $15,200
2017 $1,263 $15,200 $0 $15,200
2016 $1,279 $15,200 $0 $15,200
2015 $1,158 $15,200 $0 $15,200
2014 $1,158 $15,200 $0 $15,200
2013 -- $15,200 $0 $15,200
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Sid Chakraverty

    St. Louis Apartment Experts, LLC

    Section Image

  • E

    Buyer's Agent in 2017

    Eric Nickish

    Equity Missouri LLC

    Section Image
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Map

Source: MARIS MLS

MLS Number: MIS17077779

MARIS MLS

APN: 4604-01-0146-0

Missouri St. Louis City County Saint Louis 63117 Hi-Pointe

1369 Mccausland Ave, Saint Louis, MO

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