NOT LISTED FOR SALE

1424 W Waldo Ave Independence, MO 64050

Bundschu Neighborhood

Estimated Value: $157,000 - $182,000

2 Beds
2 Baths
1,248 Sq Ft
$132/Sq Ft Est. Value

Last Sold December 06, 2022

Current estimated payment $1,020/month

59 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

As of December 2022

Incredible investment opportunity to own a cash flowing duplex. Up/Down duplex located in heart of Independence, MO! Tenant in bottom unit pays $810 per month and tenant in top unit pays $570 (significantly under fair market rents). Buyers agent to verify all taxes, square footage, and information pertaining to the property. Do not disturb tenants. Current property management in place should buyers choose to retain.

Last Agent to Sell the Property

Michelle Bateman

Platinum Realty LLC License #2021010112 Listed on: 08/26/2022

Platinum Realty LLC

Last Buyer's Agent

Danny Conway

Hub Realty, Inc. License #2006037284

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,305

Year Built

  • Built in 1957

Lot Details

  • 6,763 Sq Ft Lot

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,248 Sq Ft Home
  • 2-Story Property
  • Electric Oven or Range

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 26-320-14-24-00-0-00-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Fender's Subdivision

Building Details

  • Gross Income $16,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,305

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 51-75 Years
  • Legal Description: Lot 14, Fenders Sub, A subdivision in Independence, Jackson County, Missouri.
  • Package: Optional
  • Year Built: 1957
  • Senior Community: 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: Michelle Bateman
  • Listing Service: Full Service
  • List Office Mls Id: VWLLC
  • List Office Name: Wardell & Holmes Real Estate
  • List Office Phone: 816-416-7111
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 2505
  • Special Documents Required: No
  • Tax Total Amount: 1305
  • Unit Type: 1 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Rng/Oven- Electric
  • Basement: No
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Wood Siding
  • Road Surface Type: Gravel

Garage/Parking

  • Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt
  • Association Fee Frequency: None

Association/Amenities

  • Association: No

Schools

  • School District: Independence

Lot Info

  • In Floodplain: No
  • Zoning: DUP
  • Building Area Total: 1248.00
  • Lot Size Area: 6763.00
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 6763.00
  • Parcel Number: 26-320-14-24-00-0-00-000
  • Subdivision Name: Fender's Subdivision

Rental Info

  • Existing Lease Terms: Month To Month, One Year Lease

Building Info

  • Number of Units Total: 2

Multi Family

  • Gross Income: 16560
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Property Insurance, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 1305.00

MLS Schools

  • School District: Independence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Dec 6, 2022
Sold by
Zcf Qozb Llc
Bought by
Lees Summit Real Estate Investor Group Llc
Seller's Agent
Michelle Bateman
Platinum Realty LLC
Buyer's Agent
Danny Conway
Hub Realty, Inc.
List Price
$140,000
Sold Price
$145,000
Premium/Discount to List
$5,000
3.57%
Total Days on Market
59
Views
13
Current Estimated Value
$165,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,132
Avg. Annual Appreciation
5.36%
Original Mortgage
$32,625
Outstanding Balance
$23,202
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$141,930

Purchase Details

Closed on
Oct 29, 2020
Sold by
Cashflow Property Llc
Bought by
Zcf Qozb Llc

Purchase Details

Closed on
Feb 23, 2017
Sold by
Complete Property Services Llc
Bought by
Obi Marketing Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,250
Interest Rate
4.12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 21, 2017
Sold by
Handyman Investments Llc
Bought by
Complete Property Services Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,250
Interest Rate
4.12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 6, 2013
Sold by
Central Development Assn
Bought by
Mjc Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,070,000
Interest Rate
3.41%
Mortgage Type
Future Advance Clause Open End 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
Lees Summit Real Estate Investor Group Llc -- Superior Title
Zcf Qozb Llc -- None Available
Obi Marketing Inc -- None Available
Complete Property Services Llc $235,000 None Available
Mjc Holdings Llc -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lees Summit Real Estate Investor Group Llc $32,625
Previous Owner Obi Marketing Inc $188,250
Previous Owner Mjc Holdings Llc $5,070,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2022 12/06/22 Sold -- -- --
10/24/2022 10/24/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $140,000 +2314.2% $112 / Sq Ft
10/23/2015 10/23/15 Sold -- -- --
09/21/2015 09/21/15 Pending -- -- --
06/08/2015 06/08/15 For Sale $5,799 -- $5 / 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 $1,714 $24,738 $10,066 $14,672
2023 $1,675 $24,738 $1,511 $23,227
2022 $1,305 $17,670 $1,511 $16,159
2021 $1,305 $17,670 $1,511 $16,159
2020 $1,178 $15,501 $1,511 $13,990
2019 $1,159 $15,501 $1,511 $13,990
2018 $1,057 $13,490 $1,315 $12,175
2017 $1,057 $13,490 $1,315 $12,175
2016 $1,040 $13,153 $2,090 $11,063
2014 $1,018 $13,153 $2,090 $11,063
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michelle Bateman

    Platinum Realty LLC

    (254) 405-1040

    2 in this area

    59 Total Sales

    Michelle Bateman
    Section Image

  • D

    Buyer's Agent in 2022

    Danny Conway

    Hub Realty, Inc.

    (816) 461-1000

    1 in this area

    9 Total Sales

    Danny Conway
    Section Image
  • Pat Manza

    Seller's Agent in 2015

    Pat Manza

    HomeSmart Legacy

    (913) 269-8693

    55 Total Sales

    Section Image
  • Laura Flores

    Seller Co-Listing Agent in 2015

    Laura Flores

    Keller Williams Realty Partner

    (913) 710-8315

    39 Total Sales

    Laura Flores
    Section Image

  • B

    Buyer's Agent in 2015

    Brian Nelson

    Keller Williams Realty Partner

See All Agents

Map

Source: Heartland MLS

MLS Number: 2400666

Heartland MLS

APN: 26-320-14-24-00-0-00-000

Missouri Jackson County Independence 64050 Bundschu

1424 W Waldo Ave, Independence, MO

This home is located at 1424 W Waldo Ave, Independence, MO 64050 since 26 August 2022 and is currently estimated at $165,132, approximately $132 per square foot. This property was built in 1957. 1424 W Waldo Ave is a home located in Jackson County with nearby schools including Bryant Elementary School, Bridger Middle School, and Bingham Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Heartland MLS Based on information submitted to the MLS GRID as of [see last changed date above]. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888)952-6393

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