NOT LISTED FOR SALE

1424 N Martway Dr Olathe, KS 66061

Estimated Value: $317,000 - $335,000

3 Beds
2 Baths
8,250 Sq Ft
$39/Sq Ft Est. Value

Last Sold May 07, 2021

Current estimated payment $2,535/month

54 Days on Market

Highlights

  • Central Heating and Cooling System
  • Garage
  • Paved or Partially Paved Lot
  • Olathe North Sr High School Rated A

About This Home

As of May 2021

Hard to find single building 6 plex, long term leases. Each unit has a back patio, attached garage and bonus extra large storage/garage with laundry hookups. GREAT income producing turn key investment! Please do NOT approach any of the units or tenants, they do not have any knowledge or information on the sale of this property.

Last Agent to Sell the Property

Ana Berger

BHG Kansas City Homes License #00242882 Listed on: 02/03/2021

BHG Kansas City Homes

Co-Listed By

Peggy Hellings

BHG Kansas City Homes License #SP00010051

Last Buyer's Agent

Cory Terrell

United Real Estate Kansas City License #2014025919

United Real Estate Kansas City

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,320

Year Built

  • Built in 1983

Lot Details

  • Paved or Partially Paved Lot

HOA Fees

  • $540 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 8,250 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Basement

Schools

  • Washington Elementary School
  • Olathe North High School

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number DP50400007-0001

Community Details

Overview

  • 6 Units
  • North Ridge Subdivision
  • On-Site Maintenance

Building Details

  • Gross Income $84,000

Property Details

Property Type

Other

Est. Annual Taxes

$10,320

Year Built

Built in 1983

Lot Details

0

HOA Fees

$540 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Other
  • Age Description: 21-30 Years
  • Legal Description: NORTH RIDGE SUBDIVISION THIRD PLAT BG 118.5' E NW CR LT 1 BLK 7 E 67.08' TO NE CR SLY 114.28' TO S/L WLY 52.62' TO APT 106.8' ELY OF SW CR N TO PT OF BG OLC 582 7 7 1
  • Restrictions: Homes Association, Lease, Selling As Is
  • Package: No
  • Year Built: 1983
  • Senior Community: No
  • Co List Office Mls Id: KCH 01
  • Co List Office Name: BHG Kansas City Homes
  • Co List Office Phone: 913-661-8500
  • 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: Ana Berger
  • List Office Mls Id: KCH 01
  • List Office Name: BHG Kansas City Homes
  • List Office Phone: 913-661-8500
  • Maintenance Description: Lawn, Snow Removal
  • Maintenance Provided: Yes
  • Mls Status: Sold
  • Operating Expense: 35000
  • Special Documents Required: No
  • Tax Total Amount: 10320
  • Unit Type: 3 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Concrete, Frame
  • Patio And Porch Features: Patio
  • Road Surface Type: Paved

Garage/Parking

  • Garage: Yes
  • Parking Features: Garage

Utilities

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

Condo/Co-op/Association

  • Type Of Management: Owner Manager
  • Association Fee: 540
  • Association Fee Frequency: Monthly

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: Resid
  • Building Area Total: 8250.00
  • Lot Size Area: 6349.00
  • Parcel Number: DP50400007-0001
  • Subdivision Name: North Ridge

Rental Info

  • Existing Lease Terms: One Year Lease

Building Info

  • Number of Units Total: 6

Multi Family

  • Gross Income: 84000
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Advertising, Maintenance, Personal Prop Tax, Property Insurance, Property Mgmt

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 10320.00

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2025
Sold by
Monceret Tiffany and Mcvaugh Tiffany
Bought by
Madden Olivia and Muro Luis
Current Estimated Value
$324,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,750
Outstanding Balance
$307,408
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$17,188

Purchase Details

Listed on
Feb 26, 2016
Closed on
Apr 21, 2016
Sold by
Nelson Sondra M
Bought by
Mcvaugh Tiffany
Seller's Agent
Stephanie Bulcock
Compass Realty Group
Buyer's Agent
Donna Deleon
BHG Kansas City Homes
List Price
$170,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.71%

Purchase Details

Closed on
Oct 21, 2002
Sold by
Cooper Katherine J
Bought by
Cooper Katherine J and Katherine J Cooper Revocable Trust

Purchase Details

Closed on
Jun 26, 2002
Sold by
Cooper Katherine J
Bought by
Nelson Stephen B and Nelson Sondra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,594
Interest Rate
5.51%
Mortgage Type
Seller Take Back
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
Madden Olivia -- Security 1St Title
Mcvaugh Tiffany -- Platinum Title Llc
Cooper Katherine J -- --
Nelson Stephen B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madden Olivia $308,750
Previous Owner Nelson Stephen B $87,594
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/07/2021 05/07/21 Sold -- -- --
03/29/2021 03/29/21 Pending -- -- --
02/03/2021 02/03/21 For Sale $920,000 +441.2% $112 / Sq Ft
04/21/2016 04/21/16 Sold -- -- -- View Prior Sale
02/27/2016 02/27/16 Pending -- -- --
02/25/2016 02/25/16 For Sale $170,000 -- $121 / 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 $3,202 $28,980 $6,713 $22,267
2023 $3,246 $28,566 $6,103 $22,463
2022 $3,021 $25,875 $5,086 $20,789
2021 $3,031 $24,610 $5,086 $19,524
2020 $2,933 $23,610 $4,416 $19,194
2019 $2,823 $22,586 $4,415 $18,171
2018 $2,703 $21,482 $3,841 $17,641
2017 $2,564 $20,182 $3,481 $16,701
2016 $2,065 $16,732 $3,481 $13,251
2015 $2,010 $16,307 $3,171 $13,136
2013 -- $14,582 $2,946 $11,636
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2303940

Heartland MLS

APN: DP50400001-0016