NOT LISTED FOR SALE

1602 S Martinson St Unit 1606 , 1608 1/2, 160 Wichita, KS 67213

Stanley/Aley Neighborhood

Estimated Value: $96,160 - $327,000

6 Beds
2 Baths
2,160 Sq Ft
$98/Sq Ft Est. Value

Last Sold September 19, 2022

Current estimated payment $1,235/month

137 Days on Market

About This Home

As of September 2022

This investment property is ready to go! The property is comprised of one duplex and one quadplex. All units are 1 bedroom 1 bathroom units and are similar in condition and appearance to the photos. Located near Kellogg and Seneca, easy access to anywhere in Wichita. Near Friends and Newman Universities. Four units are rented for $400/mo on month to month leases. Two units are rented at $520/mo. Tenants pay utilities. Owner pays for trash and yard care. Please do not disturb the tenants. A plan is in place for rent to go up 9/1/2022 to a total gross amount $2,740/month and then $2,840

Last Listed By

Josh Roy

Keller Williams Hometown Partners License #00053413 Listed on: 04/04/2022

Keller Williams Hometown Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $611

Year Built

  • Built in 1947

Lot Details

  • 7,145 Sq Ft Lot

Home Design

  • Side-by-Side
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,160 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Parking

  • 6 Parking Spaces
  • On-Street Parking

Schools

  • Woodman Elementary School
  • Truesdell Middle School
  • South High School

Utilities

  • Window Unit Cooling System
  • Space Heater

Listing and Financial Details

  • Tenant pays for electric, water/sewer
  • The owner pays for lawn maintenance, trash
  • Assessor Parcel Number 00205-730

Community Details

Overview

  • 6 Units
  • Princess Addition Subdivision

Building Details

  • Gross Income $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$611

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Four To Sixplex
  • Style: Side By Side
  • Estimated Age: 51 - 80 Years
  • Total Specials: 31.6
  • Year Built: 1947
  • Annual Specials: 47.4
  • Estimated TFLA: 2160
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 772

Interior Features

  • Appliances: Over/Range, Refrigerator
  • Number Of Stories: One

Exterior Features

  • Construction: Vinyl
  • Roof: Composition

Garage/Parking

  • Parking: 1 Per Unit, Street Parking
  • On Site Parking Spaces: 6

Utilities

  • Cooling: Window Unit
  • Flood Insurance: Unknown
  • Heating: Space Heater
  • Utilities: Public, Sewer

Schools

  • School District: Wichita School District (USD 259)
  • Elementary School: Woodman
  • Middle School: Truesdell
  • High School: South
  • Elementary School: Woodman
  • High School: South

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 7145+7073
  • Geo ADDRESS Line: 1602 S Martinson St
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Subdivision: KS
  • Geo Update: 04/04/2022
  • Geo Zoom Level: 16

Rental Info

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

Tax Info

  • Assessor Parcel Number: 00205-730
  • General Taxes: 1036.81
  • General Tax Year: 2021

Multi Family

  • Number Of Units: 6
  • Number Of 1 Bedroom Units: 6
  • Gross Income: 2400

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2022
Closed on
Sep 15, 2022
Sold by
Lander Enterprise Llc
Bought by
Robles Investments Llc
Seller's Agent
Josh Roy
Keller Williams Hometown Partners
Buyer's Agent
Austin Bahner
Keller Williams Hometown Partners
List Price
$250,000
Sold Price
$250,000
Total Days on Market
137
Current Estimated Value
$211,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,420
Avg. Annual Appreciation
-6.01%
Original Mortgage
$200,000
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2021
Sold by
Rasmussen Leo
Bought by
Lander Enterprise Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,211
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage

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
Robles Investments Llc -- Meridian Title
Lander Enterprise Llc -- Security 1St Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robles Investments Llc $283,890
Closed Robles Investments Llc $200,000
Closed Robles Investments Llc $200,000
Previous Owner Lander Enterprise Llc $256,211
Previous Owner Rasmussen Leo O $62,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2022 09/19/22 Sold -- -- --
08/19/2022 08/19/22 Pending -- -- --
07/11/2022 07/11/22 For Sale $250,000 0.0% $116 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $250,000 -- $116 / 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
2023 $611 $6,371 $1,288 $5,083
2022 $394 $3,968 $1,219 $2,749
2021 $404 $3,738 $449 $3,289
2020 $384 $3,554 $449 $3,105
2019 $360 $3,347 $897 $2,450
2018 $343 $3,221 $449 $2,772
2017 $383 $0 $0 $0
2016 $380 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Josh Roy

    Seller's Agent in 2022

    Josh Roy

    Keller Williams Hometown Partners

    (316) 799-8615

    18 in this area

    2,004 Total Sales

    Josh Roy
    Section Image
  • Emily Base

    Seller Co-Listing Agent in 2022

    Emily Base

    Heritage 1st Realty

    (316) 361-6777

    3 in this area

    218 Total Sales

    Emily Base
    Section Image
  • Austin Bahner

    Buyer's Agent in 2022

    Austin Bahner

    Keller Williams Hometown Partners

    (316) 816-1233

    1 in this area

    101 Total Sales

    Austin Bahner
    Section Image
See All Agents

Map

Source: South Central Kansas MLS

MLS Number: 609556

South Central Kansas MLS

APN: 129-31-0-11-02-003.00

Kansas Sedgwick County Wichita 67213 Stanley/Aley

1602 S Martinson St Unit 1606 , 1608 1/2, 160, Wichita, KS

Homes for Sale in Wichita, KS

This home is located at 1602 S Martinson St Unit 1606 , 1608 1/2, 160, Wichita, KS 67213 since 04 April 2022 and is currently estimated at $211,580, approximately $97 per square foot. This property was built in 1947. 1602 S Martinson St Unit 1606 , 1608 1/2, 160 is a home located in Sedgwick County with nearby schools including Stanley Elementary School, Hamilton Middle School, and Wichita West High School.

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South Central Kansas MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. © 1993-2025 South Central Kansas Multiple Listing Service, Inc. All rights reserved.

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