NOT LISTED FOR SALE

1401 SE 8th St Lees Summit, MO 64063

Estimated Value: $452,013 - $497,000

9 Beds
9 Baths
3,806 Sq Ft
$126/Sq Ft Est. Value

Last Sold May 13, 2016

Current estimated payment $3,151/month

10 Days on Market

Highlights

  • 3 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Carpet
  • Pleasant Lea Middle School Rated A-
  • Combination Kitchen and Dining Room

About This Home

As of May 2016

Great investment opportunity. Fully occupied, 1 tenant 12+ years, 1 tenant 6+ years, 1 tenant 1 yr lease. Low maintenance vinyl exterior. Roof approx 4 yrs old. Seller provides lawn service. 3 Bedroom, 2.5 bath units with 1 car attached garage. Convenient location near new Price Chopper & highway access.

Last Agent to Sell the Property

Rob Ellerman

ReeceNichols - Lees Summit License #1999087937 Listed on: 03/08/2016

ReeceNichols - Lees Summit

Co-Listed By

Denise Sanker

ReeceNichols - Lees Summit License #1999099326

Last Buyer's Agent

Anne Sieg

Platinum Realty LLC License #1999068311

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,723

Year Built

  • Built in 1986

Lot Details

  • 0.28

Parking

  • 3 Car Attached Garage

Home Design

  • Triplex
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,806 Sq Ft Home
  • 2-Story Property
  • Combination Kitchen and Dining Room
  • Carpet
  • Fire and Smoke Detector

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 61-610-10-04-00-0-00-000

Community Details

Overview

  • 3 Units
  • Vista Del Verde Subdivision

Building Details

  • Gross Income $28,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,723

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Age Description: 21-30 Years
  • Legal Description: RESURVEY OF LOTS 428-430, VISTA DEL VERDE 12TH PLAT LOT 428
  • Package: Yes
  • Year Built: 1986
  • Senior Community: No
  • Co List Office Mls Id: RAN 20
  • Co List Office Name: ReeceNichols Lees Summit
  • Co List Office Phone: 816-524-7272
  • Dining Area Features: Kit/Dining Combo
  • Down Payment Deprecated: No
  • 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: Rob Ellerman
  • List Office Mls Id: RAN 20
  • List Office Name: ReeceNichols Lees Summit
  • List Office Phone: 816-524-7272
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 2040
  • Special Documents Required: No
  • Tax Total Amount: 3723
  • Unit Type: 3 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Flooring: Carpeted Floors
  • Laundry Features: Inside
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Vinyl Siding
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 3

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Cooling: Yes
  • Security Features: Smoke Detector
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Schools

  • School District: Lee's Summit
  • Elementary School: Prairie View
  • Middle School: Pleasant Lea
  • High School: Lee's Summit
  • Middle/Junior School: Pleasant Lea

Lot Info

  • In Floodplain: No
  • Zoning: Multi
  • Building Area Total: 3806.00
  • Parcel Number: 61-610-10-04-00-0-00-000
  • Subdivision Name: Vista Del Verde

Rental Info

  • Existing Lease Terms: 12 Months, Month To Month

Building Info

  • Number of Units Total: 3

Multi Family

  • Gross Income: 28500
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Maintenance, Other

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 3723.00

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

Closed on
Jan 25, 2021
Sold by
Waldrop Robert L and Waldrop Jennifer L
Bought by
Waldrop Robert L and Waldrop Jennifer L
Current Estimated Value
$478,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Outstanding Balance
$225,785
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$234,996

Purchase Details

Listed on
Mar 8, 2016
Closed on
May 12, 2016
Sold by
Smith Warren L and Smith Karen A
Bought by
Waldrop Robert L
Seller's Agent
Rob Ellerman
ReeceNichols - Lees Summit
Buyer's Agent
Anne Sieg
Platinum Realty LLC
List Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.39%
Original Mortgage
$177,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2000
Sold by
Smith Warren L and Smith Karen A
Bought by
The Smith Family Trust

Purchase Details

Closed on
Aug 19, 1998
Sold by
Leslie Smith Warren and Leslie Ann Smith
Bought by
Missouri Hwy & Transportation Commission

Purchase Details

Closed on
Jan 17, 1996
Sold by
Benco
Bought by
Smith Warren Leslie and Smith Karen Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,069
Interest Rate
7.19%
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
Waldrop Robert L -- Platinum Title Llc
Waldrop Robert L -- Kansas City Title
The Smith Family Trust -- --
Missouri Hwy & Transportation Commission -- --
Smith Warren Leslie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waldrop Robert L $252,000
Closed Waldrop Robert L $177,000
Previous Owner Smith Warren Leslie $125,069
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold -- -- --
03/18/2016 03/18/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $245,000 -- $64 / 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
2024 $7,351 $89,300 $12,382 $76,918
2023 $7,351 $102,553 $7,621 $94,932
2022 $4,233 $52,440 $8,066 $44,374
2021 $4,321 $52,440 $8,066 $44,374
2020 $4,158 $49,971 $8,066 $41,905
2019 $4,854 $59,978 $8,066 $51,912
2018 $3,790 $43,459 $4,237 $39,222
2017 $3,790 $43,459 $4,237 $39,222
2016 $3,733 $42,370 $4,047 $38,323
2014 $3,399 $37,820 $4,067 $33,753
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 1979578

Heartland MLS

APN: 61-610-10-04-00-0-00-000