1602 S Martinson St Wichita, KS 67213
Stanley/Aley NeighborhoodEstimated Value: $96,160 - $327,000
2
Beds
2
Baths
720
Sq Ft
$294/Sq Ft
Est. Value
Highlights
- Central Air
- Space Heater
- 1-Story Property
About This Home
As of December 2021THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON DECEMBER 9TH. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. Duplex with (2) 1 bedroom, 1 bathroom units in Southwest Wichita! This side-by-side duplex sits on a corner lot surrounded by sidewalks featuring off-street parking and a community backyard. Each unit is rented for $400 a month giving you a total monthly income of $800 and an annual income of $9,600. The interior of the units features laminate flooring throughout, 1 bedroom, 1 full bathroom with a tub/shower combination, and a galley style kitchen that includes the refrigerator and oven. The property is currently occupied by a tenant. There is no written lease available for the property. *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. It is incumbent upon buyer to exercise buyer’s own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer’s responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or seller’s agents was obtained from a variety of sources and neither seller nor seller’s agents have made any independent investigation or verification of such information and make no representation as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. 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 $5,000.
Last Listed By
McCurdy Real Estate & Auction, LLC License #00244279 Listed on: 09/30/2021
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
- 720 Sq Ft Home
- 1-Story Property
- Oven or Range
Parking
- 2 Parking Spaces
- On-Street Parking
Schools
- Woodman Elementary School
- Truesdell Middle School
- South High School
Utilities
- Central Air
- Window Unit Cooling System
- Space Heater
Community Details
- 2 Units
- Gross Income $9,600
Listing and Financial Details
- Tenant pays for electric, water/sewer
- The owner pays for lawn maintenance, trash
- Assessor Parcel Number 20173-129-31-0-11-02-003.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 15, 2022
Sold by
Lander Enterprise Llc
Bought by
Robles Investments Llc
Total Days on Market
70
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.13%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 30, 2021
Closed on
Dec 29, 2021
Sold by
Rasmussen Leo
Bought by
Lander Enterprise Llc
Seller's Agent
Isaac Klingman
McCurdy Real Estate & Auction, LLC
Buyer's Agent
Isaac Klingman
McCurdy Real Estate & Auction, LLC
List Price
$85,250
Sold Price
$85,250
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.41%
Original Mortgage
$256,211
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
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Similar Homes in Wichita, KS
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 12/29/2021 12/29/21 | Sold | -- | -- | -- |
| 12/09/2021 12/09/21 | Pending | -- | -- | -- |
| 09/30/2021 09/30/21 | For Sale | $85,250 | +9.2% | $118 / Sq Ft |
| 09/03/2015 09/03/15 | Sold | -- | -- | -- |
| 08/27/2015 08/27/15 | Pending | -- | -- | -- |
| 07/21/2015 07/21/15 | For Sale | $78,100 | -- | $108 / Sq Ft |
Source: South Central Kansas MLS
Tax History Compared to Growth
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
-
Isaac Klingman
Seller's Agent in 2021
Isaac Klingman
McCurdy Real Estate & Auction, LLC
(316) 290-9452
13 in this area
488 Total Sales
-
Braden McCurdy
Seller's Agent in 2015
Braden McCurdy
McCurdy Real Estate & Auction, LLC
(316) 867-3600
8 in this area
641 Total Sales
Map
Source: South Central Kansas MLS
MLS Number: 604466
APN: 129-31-0-11-02-003.00
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