$450,000
PENDING

1431 E Penrose Ln Olathe, KS 66062

Estimated payment $2,674/month

Total Views 105
-- Bed
3 Baths
1,708 Sq Ft
$263 Price per Sq Ft

Highlights

  • Deck
  • No HOA
  • Central Air
  • Olathe North Sr High School Rated A
  • 2 Car Attached Garage

About This Home

Great investment opportunity or live in one side have have the rented side supplement your home payment for cheaper mortgage payment. Seller has one side rented for this buyer opportunity to occupy this home. Seller has updated both units with fresh paint, carpet, flooring, kitchen cabinets on one side and more. Deck has been updated and so you can enjoy the fall outdoors and watch your kids or pets play in the backyard. Family room is finished in basement for added finished living space.

Listing Agent

Charlene MacCallum

EXP Realty LLC Brokerage Phone: 913-706-8857 License #BR00022449 Listed on: 11/04/2025

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,565

Year Built

  • Built in 1973

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3 Bathrooms
  • 1,708 Sq Ft Home
  • 2-Story Property
  • Basement
  • Laundry in Basement
  • Fire and Smoke Detector

Kitchen

  • Dishwasher
  • Disposal

Outdoor Features

  • Deck

Schools

  • Havencroft Elementary School
  • Olathe South High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number DP30000029-0004
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Havencroft Subdivision

Building Details

  • Gross Income $37,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,565

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1973
  • Internet Address Display: Yes
  • Internet Consumer Comment: Yes
  • List Agent Full Name: Char MacCallum
  • Listing Service: Full Service
  • List Office Mls Id: HMSEXP2
  • List Office Name: EXP Realty LLC
  • List Office Phone: 913-451-6767
  • Mls Status: Pending
  • Operating Expense: 3565
  • Age Description: 51-75 Years
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Package: No
  • Attribution Contact: 913-706-8857
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Exhaust Fan, Electric Range
  • Basement: Yes
  • Laundry Features: In Basement
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick Trim, Frame, Vinyl Siding
  • Fencing: Fenced
  • Patio And Porch Features: Deck
  • Inside City Limits: Yes

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 2

Utilities

  • Cooling: Electric
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Ind Heat And Air, Ind Water Heaters
  • Cooling: Yes
  • Security Features: Smoke Detector(s)
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Senior Community: No
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Continental Title

Schools

  • Middle/Junior School: Indian Trail
  • Junior High Dist: Olathe

Lot Info

  • Zoning: R2
  • Building Area Total: 1708
  • Lot Size Sq Ft: 0.23
  • Parcel Number: DP30000029-0004
  • Subdivision Name: Havencroft
  • In Flood Plain: No

Building Info

  • Number of Units Total: 2

Rental Info

  • Existing Lease Terms: One Year Lease

Multi Family

  • Gross Income: 37200
  • Current Occupancy Rate: Over 95%
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 3565
  • Tax Abatement YN: 0

MLS Schools

  • Elementary School: Havencroft
  • High School: Olathe South

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

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 $3,565 $32,097 $6,254 $25,843
2023 $3,480 $30,567 $5,687 $24,880
2022 $3,216 $27,497 $5,165 $22,332
2021 $2,901 $23,575 $4,487 $19,088
2020 $2,760 $22,241 $4,487 $17,754
2019 $2,716 $21,746 $3,743 $18,003
2018 $2,554 $20,320 $3,743 $16,577
2017 $2,332 $18,388 $3,743 $14,645
2016 $2,236 $18,089 $3,743 $14,346
2015 $2,208 $17,871 $3,743 $14,128
2013 -- $17,192 $3,743 $13,449
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2025 11/05/25 Pending -- -- --
11/04/2025 11/04/25 For Sale $450,000 -- $263 / Sq Ft
Source: Heartland MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Security 1St Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $325,000 Credit Line Revolving
Source: Public Records

Source: Heartland MLS

MLS Number: 2584301

Heartland MLS

APN: DP30000029-0004