NOT LISTED FOR SALE

Estimated Value: $207,000

4 Beds
2 Baths
1,013 Sq Ft
$204/Sq Ft Est. Value

Last Sold July 14, 2014

Current estimated payment $1,345/month

31 Days on Market

About This Home

As of July 2014

Great rental investment opportunity! This address consists of one 2-bedroom / 2-bath unit and one 2-bedroom / 1-bath unit. Both units are vacant, so the gross income potential is unknown. The upper level unit (Unit 1U) has 2 bedrooms, 2 bathrooms and neutral carpet and paint. One upper unit bedroom has a balcony overlooking the river. The lower garden level unit (Unit 1D) has 2 bedrooms, 1 bath. Unit 1D was in a fire and has been completely gutted. Unit 1D has been cleaned, but there is NO finish. It will need flooring, wall coverings, cabinets, fixtures, windows, etc., and property is priced accordingly. Please note that this structure consists of 3 separate addresses: 1423 N. Perry will be listed separately. 1425 N. Perry (2 units on the north end) is owned by an individual owner and is not for sale - please do not disturb tenants in 1425 N. Perry.

Last Agent to Sell the Property

MaryJo Hill

Mid-Continent Real Estate LLC License #BR00048767 Listed on: 05/20/2014

Last Buyer's Agent

Ryan Rust

Nikkel and Associates License #SP00232745

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,191

Year Built

  • Built in 1975

Lot Details

  • 5,291

Parking

  • 2 Parking Spaces

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,013 Sq Ft Home
  • 2-Story Property

Flooring

  • Concrete
  • Tile

Schools

  • Woodland Elementary School
  • Marshall Middle School
  • North High School

Additional Features

  • 5,291 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, gas, lawn maintenance, trash, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,191

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Twin/Duplex
  • Estimated Age: 36 - 50 Years
  • Total Specials: 12.96
  • Year Built: 1975
  • Annual Specials: 12.96
  • Estimated TFLA: 1013
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 773

Interior Features

  • Appliances: Refrigerator
  • Floors: Carpet, Concrete Slab, Tile
  • Basement: Lower Level
  • Number Of Stories: Two

Exterior Features

  • Construction: Frame
  • Roof: Composition

Garage/Parking

  • Parking: 1 Per Unit
  • On Site Parking Spaces: 2

Utilities

  • Cooling: Central Electric
  • Flood Insurance: Unknown
  • Heating: Central Electric, Forced Air
  • Utilities: Public

Schools

  • Elementary School: Woodland
  • Middle School: Marshall
  • High School: North
  • Elementary School: Woodland
  • High School: North

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 5,291
  • Geo ADDRESS Line: 1421 N Perry Ave
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Secondary City: Sedgwick Co.
  • Geo Subdivision: KS
  • Geo Update: 01/05/2015
  • Geo Zoom Level: 17

Rental Info

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

Tax Info

  • General Taxes: 1507.09
  • General Tax Year: 2013

Multi Family

  • Number Of Units: 2
  • Number Of 2 Bedroom Units: 2

MLS Schools

  • Middle School: Marshall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2023
Sold by
Garci Kimberly C and Garci Arthur
Bought by
River Shore Apartments Llc
Total Days on Market
31
Current Estimated Value
$207,000

Purchase Details

Listed on
May 20, 2014
Closed on
Jul 2, 2014
Sold by
U S Bank National Association
Bought by
Arealkym Llc
Seller's Agent
MaryJo Hill
Mid-Continent Real Estate LLC
Buyer's Agent
Ryan Rust
Nikkel and Associates
List Price
$58,000
Sold Price
$66,275
Premium/Discount to List
$8,275
14.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.32%

Purchase Details

Closed on
Jan 29, 2014
Sold by
Schutte Michael O
Bought by
Us Bank National Association

Purchase Details

Closed on
Mar 22, 2006
Sold by
Miller Stanley D and Miller Joan C
Bought by
Schultz Michael O and Holyoke Edward Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,800
Interest Rate
6.24%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
River Shore Apartments Llc -- Security 1St Title
Arealkym Llc -- None Available
Us Bank National Association $122,297 None Available
Schultz Michael O -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schultz Michael O $79,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2014 07/14/14 Sold -- -- --
06/20/2014 06/20/14 Pending -- -- --
05/20/2014 05/20/14 For Sale $58,000 -- $57 / 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
2023 $2,191 $18,815 $2,542 $16,273
2022 $1,791 $16,216 $2,404 $13,812
2021 $1,817 $15,905 $1,817 $14,088
2020 $1,736 $15,146 $1,817 $13,329
2019 $1,581 $13,800 $1,817 $11,983
2018 $1,443 $12,604 $1,472 $11,132
2017 $1,429 $0 $0 $0
2016 $1,370 $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: 367676

South Central Kansas MLS

APN: 123-07-0-42-02-027.02