NOT LISTED FOR SALE

Estimated Value: $195,000 - $264,123

8 Beds
4 Baths
3,519 Sq Ft
$65/Sq Ft Est. Value

Last Sold November 28, 2023

Current estimated payment $1,476/month

22 Days on Market

Highlights

  • Brick Veneer
  • Forced Air Heating and Cooling System
  • Fenced

About This Home

As of November 2023

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON NOVEMBER 2ND, 2023. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. Fully rented quadplex with (4) 2-bedroom, 1-bathroom units in South Wichita, with easy access to HWY 135! Each unit is rented for $675 a month with a $675 security deposit. That is an annual income of $8,100! The tenants pay for electric, gas, and water. The landlord pays for lawn maintenance and trash. Unit #1 has a lease until 2/28/2024, unit #2 until 8/31/2024, unit #3 until 1/06/2024, and unit #4 until 1/31/2024. The exterior of the building features off-street paved parking and covered entries.  There are two units on the upper level and two on the lower level. Each unit has a living/dining combination that opens up to the kitchen with a refrigerator, oven, washer, and dryer. Two spacious bedrooms and a full bathroom with a tub/shower combination complete the units.  This property is located in the "Gilbert-Mosley Groundwater Site". *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $15,000.

Last Agent to Sell the Property

Andrew Jones

McCurdy Real Estate & Auction, LLC License #00248774 Listed on: 10/11/2023

Last Buyer's Agent

Tyson Bean

Pinnacle Realty Group License #00228875

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,076

Year Built

  • Built in 1977

Lot Details

  • 7,841 Sq Ft Lot
  • Fenced

Home Design

  • Brick Veneer
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3,519 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Apartment Living Space in Basement
  • Oven or Range

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Paved Parking

Schools

  • Anderson Elementary School
  • Mead Middle School
  • South High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electric, gas, water/sewer
  • The owner pays for lawn maintenance, trash
  • Assessor Parcel Number 212-09-0-14-01-012.00

Community Details

Overview

  • 4 Units
  • Rainbow 1St Addition Subdivision

Building Details

  • Gross Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,076

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Four To Sixplex
  • Style: High Rise
  • Estimated Age: 36 - 50 Years
  • Total Specials: 33.52
  • Year Built: 1977
  • Annual Specials: 33.52
  • Estimated TFLA: 3519
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 773

Interior Features

  • Appliances: Dryer, Over/Range, Refrigerator, Washer
  • Floors: Carpet
  • Basement: Yes - Finished
  • Basement Finished Percent: Bath(s), Bedroom(s), Family Room, View Out
  • Basement Use: Separate Apartments
  • Number Of Stories: Two

Exterior Features

  • Construction: Brick Veneer, Frame
  • Roof: Composition

Garage/Parking

  • Parking: 1 Per Unit, Paved
  • On Site Parking Spaces: 4

Utilities

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

Association/Amenities

  • Safety Features: Fencing

Schools

  • School District: Wichita School District (USD 259)
  • Elementary School: Anderson
  • Middle School: Mead
  • High School: South
  • Elementary School: Anderson
  • High School: South

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 7,841
  • Geo ADDRESS Line: 1514 E Fortuna St
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Subdivision: KS
  • Geo Update: 10/24/2023
  • Geo Zoom Level: 16

Rental Info

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

Tax Info

  • Assessor Parcel Number: 212-09-0-14-01-012.00
  • General Taxes: 1587.96
  • General Tax Year: 2022

Multi Family

  • Number Of Units: 4
  • Number Of 2 Bedroom Units: 4
  • Rent Per Unit 2 Bedroom: 675
  • Gross Income: 32400

MLS Schools

  • Middle School: Mead
  • School District: Wichita School District (USD 259)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Nov 27, 2023
Sold by
Winterhold Properties Llc
Bought by
Daley Stephen M and Daley Kim L
Seller's Agent
Andrew Jones
McCurdy Real Estate & Auction, LLC
Buyer's Agent
Tyson Bean
Pinnacle Realty Group
List Price
$231,000
Total Days on Market
22
Views
25
Current Estimated Value
$229,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.61%

Purchase Details

Closed on
Mar 29, 2016
Sold by
Mccluskey Shannon
Bought by
Mccluskey Enterprises Llc

Purchase Details

Closed on
Oct 16, 2015
Sold by
Wichita Area Rentals Llc
Bought by
Mccluskey Shannon P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,626
Interest Rate
3.96%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 26, 2007
Sold by
Usher Paul G and Usher Elizabeth C
Bought by
Kong Long S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.11%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Daley Stephen M -- Security 1St Title
Mccluskey Enterprises Llc -- None Available
Mccluskey Shannon P -- Security 1St Title
Kong Long S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccluskey Shannon P $109,626
Previous Owner Mccluskey Shannon $99,000
Previous Owner Tmd Enterprises Llc $215,000
Previous Owner Kong Long S $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2023 11/28/23 Sold -- -- --
11/02/2023 11/02/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $231,000 +12.9% $66 / Sq Ft
12/30/2021 12/30/21 Sold -- -- --
12/09/2021 12/09/21 Pending -- -- --
11/15/2021 11/15/21 For Sale $204,600 -- $110 / 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
2025 $3,076 $28,222 $2,565 $25,657
2023 $3,076 $25,657 $2,185 $23,472
2022 $1,621 $14,594 $2,059 $12,535
2021 $1,552 $13,490 $897 $12,593
2020 $1,519 $13,156 $897 $12,259
2019 $1,395 $12,073 $1,093 $10,980
2018 $1,393 $12,073 $1,093 $10,980
2017 $1,469 $0 $0 $0
2016 $1,464 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: South Central Kansas MLS

MLS Number: 631792

South Central Kansas MLS

APN: 212-09-0-14-01-012.00