NOT LISTED FOR SALE

1412 E 123rd Terrace Olathe, KS 66061

Estimated Value: $400,000 - $448,000

4 Beds
4 Baths
2,446 Sq Ft
$170/Sq Ft Est. Value

Last Sold August 16, 2013

Current estimated payment $2,585/month

61 Days on Market

Highlights

  • Deck
  • Fireplace
  • Board and Batten Siding
  • Olathe North Sr High School Rated A
  • Attached Garage
  • Attic Fan

About This Home

As of August 2013

Excellent landlord opportunity. One side is starting the fourth yr lease and One side has new 1 year lease at $800 a month each side. Open floorplan, vaulted ceiling, kitchen, eat-in dining, livingroom with fireplace on main level. Loft overlooking living room, 2 bed 1 bath upstairs. Laundry on main level off kitchen. 1 car garage. huge lot. Both units tenant occupied, must give 24 hour notice to show.

Last Agent to Sell the Property

Betty Simmons

RE/MAX Premier Realty License #SP00219461 Listed on: 05/10/2013

RE/MAX Premier Realty

Last Buyer's Agent

Gary Summerskill

Platinum Realty LLC License #SP00041730

Platinum Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,849

Year Built

  • Built in 1984

Lot Details

  • 0.27

Parking

  • Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Board and Batten Siding

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Combination Kitchen and Dining Room
  • Carpet
  • Attic Fan
  • Fire and Smoke Detector

Schools

  • Washington Elementary School
  • Olathe North High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Additional Features

  • Deck
  • 0.27 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number DP50400004 0002

Community Details

Overview

  • 2 Units
  • North Ridge Subdivision, 2 Story Floorplan

Building Details

  • Gross Income $1,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,849

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 21-30 Years
  • Legal Description: NORTH RIDGE SUBDIVISION SECONDPLAT LT 2 BLK 4 OLC 582 5 4 2
  • Package: No
  • Year Built: 1984
  • Senior Community: No
  • Builder Model: 2 story
  • Dining Area Features: Kit/Dining Combo
  • Down Payment Deprecated: Yes
  • 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: Betty Simmons
  • List Office Mls Id: RMX 20
  • List Office Name: RE/MAX Best Associates
  • List Office Phone: 913-345-2378
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 100
  • Special Documents Required: No
  • Tax Total Amount: 1849
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Interior Amenities: Apply To All Units
  • Basement: No
  • Fireplace: Yes
  • Flooring: Carpeted Floors
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Board/Batten, Brick Trim
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Attic Fan, Central Electric
  • Heating: Central Electric, Forced Air Gas
  • Sewer: City/Public
  • Telecommunications: Cable - Available, High Speed Internet - Available, Metro Free
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Security Features: Smoke Detector
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Schools

  • School District: Olathe
  • Elementary School: Washington
  • Middle School: Santa Fe Trail
  • High School: Olathe North
  • Middle/Junior School: Santa Fe Trail

Lot Info

  • In Floodplain: No
  • Zoning: Res
  • Lot Size Area: 11810.00
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 11810.00
  • Parcel Number: DP50400004 0002
  • Subdivision Name: North Ridge

Rental Info

  • Existing Lease Terms: 12 Months

Building Info

  • Number of Units Total: 2

Multi Family

  • Gross Income: 1600
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Property Insurance, Property Mgmt, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 1849.00

MLS Schools

  • Elementary School: Washington
  • School District: Olathe
  • High School: Olathe North

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2014
Sold by
Gupta Pratishtha and Gupta Amar
Bought by
Aps1 Llc
Current Estimated Value
$415,483

Purchase Details

Listed on
May 10, 2013
Closed on
Aug 1, 2013
Sold by
Ashlock Dale M and Gravley Terri A
Bought by
Gupta Pratishtha and Gupta Amar
Seller's Agent
Betty Simmons
RE/MAX Premier Realty
Buyer's Agent
Gary Summerskill
Platinum Realty LLC
List Price
$179,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.48%
Original Mortgage
$129,750
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2012
Sold by
Ashlock Dale M
Bought by
Ashlock Dale M and Gravley Terri A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,750
Interest Rate
3.33%
Mortgage Type
New Conventional
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
Aps1 Llc -- Alpha Title Llc
Gupta Pratishtha -- Alpha Title Llc
Ashlock Dale M -- Chicago Title Company Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gupta Pratishtha $129,750
Previous Owner Ashlock Dale M $132,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2013 08/16/13 Sold -- -- --
07/10/2013 07/10/13 Pending -- -- --
05/10/2013 05/10/13 For Sale $179,900 -- $74 / 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 $4,485 $39,997 $5,957 $34,040
2023 $4,360 $38,088 $5,414 $32,674
2022 $3,934 $33,465 $4,508 $28,957
2021 $3,376 $27,370 $4,508 $22,862
2020 $3,211 $25,818 $3,916 $21,902
2019 $3,331 $26,588 $3,916 $22,672
2018 $3,053 $24,219 $3,407 $20,812
2017 $3,025 $23,748 $3,094 $20,654
2016 $2,789 $22,472 $3,094 $19,378
2015 $2,566 $20,711 $2,815 $17,896
2013 -- $14,271 $2,624 $11,647
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 1829848

Heartland MLS

APN: DP50400004-0002