NOT LISTED FOR SALE

Estimated Value: $176,000

8 Beds
4 Baths
3,264 Sq Ft
$54/Sq Ft Est. Value

Last Sold May 02, 2022

Current estimated payment $1,146/month

57 Days on Market

Highlights

  • Central Air
  • Fenced
  • Heating Available

About This Home

As of May 2022

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON MARCH 31ST. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. Great investment opportunity located in southeast Wichita! This quadplex is being sold High Bidder's Choice with adjacent quadplexes at 1521 & 1525 E. El Monte St. Three of the 4 units are tenant-occupied and they rent from $495-595 per month with a total monthly income of $1,615. All tenants are month-to-month except unit B. Each unit features a living room/dining room combination with a sliding door that leads to a private patio. The galley-style kitchens offer laminate countertops, wood cabinetry, and the dishwasher, oven/range, and refrigerator are included. They each have 2-bedrooms, a full bathroom with a tub/shower combination, and washer/dryer hookups. These units are all-electric and have separate meters. The tenant is responsible for the electric and water/sewer bill. 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 $10,000

Last Agent to Sell the Property

Megan McCurdy Niedens

McCurdy Real Estate & Auction, LLC License #SP00225554 Listed on: 02/02/2022

Last Buyer's Agent

Nicole Kennedy

Real Broker LLC License #00231722

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,547

Year Built

  • Built in 1981

Lot Details

  • 7,471 Sq Ft Lot
  • Fenced

Home Design

  • Composition Roof

Interior Spaces

  • 3,264 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • 6 Parking Spaces
  • Over 1 Space Per Unit

Schools

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electric, water/sewer
  • The owner pays for lawn maintenance, trash
  • Assessor Parcel Number 20173-212-09-0-14-01-007.00-A

Community Details

Overview

  • 4 Units
  • Rainbow 1St Addition Subdivision

Building Details

  • Gross Income $19,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,547

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Four To Sixplex
  • Estimated Age: 21 - 35 Years
  • Total Specials: 31.6
  • Year Built: 1981
  • Annual Specials: 31.6
  • Estimated TFLA: 3264
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 773

Interior Features

  • Appliances: Dishwasher, Over/Range, Refrigerator
  • Floors: Carpet
  • Number Of Stories: Two

Exterior Features

  • Roof: Composition

Garage/Parking

  • Parking: 1 1/2 Per Unit
  • On Site Parking Spaces: 6

Utilities

  • Cooling: Central Electric
  • Flood Insurance: Unknown
  • Heating: Central Electric
  • Utilities: 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: 7471
  • Geo ADDRESS Line: 1527 E El Monte St
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Subdivision: KS
  • Geo Update: 03/01/2022
  • Geo Zoom Level: 16

Rental Info

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

Tax Info

  • Assessor Parcel Number: 20173-212-09-0-14-01-007.00-A
  • General Taxes: 2053.72
  • General Tax Year: 2021

Multi Family

  • Number Of Units: 4
  • Number Of 2 Bedroom Units: 4
  • Rent Per Unit 2 Bedroom: 495-595
  • Gross Income: 19380

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2022
Closed on
May 2, 2022
Sold by
Johnson James N and Johnson Maria A
Bought by
Sharp Holdings Llc
Seller's Agent
Megan McCurdy Niedens
McCurdy Real Estate & Auction, LLC
Buyer's Agent
Nicole Kennedy
Real Broker LLC
List Price
$181,500
Current Estimated Value
$176,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.89%
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Sharp Holdings Llc -- Security 1St Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2022 05/02/22 Sold -- -- --
03/31/2022 03/31/22 Pending -- -- --
02/02/2022 02/02/22 For Sale $181,500 -- $56 / 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 $2,547 $26,232 $2,553 $23,679
2023 $2,547 $23,597 $2,162 $21,435
2022 $2,168 $19,343 $2,047 $17,296
2021 $2,085 $18,079 $886 $17,193
2020 $1,944 $16,802 $886 $15,916
2019 $1,785 $15,411 $886 $14,525
2018 $1,731 $14,962 $1,058 $13,904
2017 $1,596 $0 $0 $0
2016 $1,591 $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: 607985

South Central Kansas MLS

APN: 212-09-0-14-01-007.00A