NOT LISTED FOR SALE

1603 E Drury Ln Olathe, KS 66062

Estimated Value: $372,000 - $459,000

6 Beds
4 Baths
-- Sq Ft
0.35 Acres

Last Sold December 14, 2021

Current estimated payment $2,592/month

3 Days on Market

Highlights

  • No HOA
  • 4 Car Attached Garage
  • Patio
  • Olathe North Sr High School Rated A
  • Brick Veneer
  • Central Heating and Cooling System

About This Home

As of December 2021

Don't miss this opportunity to own both sides of a great Olathe Duplex. Boasting 1568 sq ft on each side with 3 Bedrooms 2 full baths and a 2 car garage for each unit! Long term tenants in place, both units currently occupied on Mo to Mo Leases. See list of updates which include Maintenance Free Vinyl Siding, Newer Trane HVAC units, updated Vinyl Plank Flooring in both, updated bathroom and more. Don't miss this opportunity for an investor, very close to Mid America Nazarene University and easy access to I35. Featured Photos are of 1603 Side.

Last Agent to Sell the Property

Dustin Medlin

KW Diamond Partners License #SP00239063 Listed on: 10/27/2021

KW Diamond Partners

Last Buyer's Agent

Shawn Lewis

RE/MAX Realty Suburban Inc License #SP00054854

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,619

Year Built

  • Built in 1980

Lot Details

  • 0.35 Acre Lot
  • Paved or Partially Paved Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Brick Veneer
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Laundry in unit
  • Basement

Kitchen

  • Electric Oven or Range
  • Dishwasher

Outdoor Features

  • Patio

Schools

  • Tomahawk Elementary School
  • Olathe North High School

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number DP30000035-0001

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Havencroft Subdivision

Building Details

  • Gross Income $22,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,619

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 41-50 Years
  • Legal Description: HAVENCROFT LT 1 BLK 35 OLC 636 1 1 35 1
  • Package: No
  • Year Built: 1980
  • Senior Community: No
  • Exclude From Reports: No
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: No
  • Internet Consumer Comment: No
  • Internet Entire Listing Display: Yes
  • List Agent Full Name: Dustin Medlin
  • Listing Service: Full Service
  • List Office Mls Id: KW05
  • List Office Name: Keller Williams Diamond Part
  • List Office Phone: 913-322-7500
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 4807
  • Special Documents Required: No
  • Tax Total Amount: 3619
  • Unit Type: 3 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Rng/Oven- Electric
  • Basement: Yes
  • Laundry Features: Inside
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick Veneer, Vinyl Siding
  • Patio And Porch Features: Patio
  • Road Surface Type: Paved

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached
  • Total Parking Spaces: 4

Utilities

  • Cooling: Central Electric
  • Heating: Central Gas
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager
  • Association Fee Frequency: None

Association/Amenities

  • Association: No

Schools

  • Middle/Junior School: Indian Trail

Lot Info

  • In Floodplain: Unknown
  • Zoning: R-2
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 15429.00
  • Parcel Number: DP30000035-0001
  • Subdivision Name: Havencroft

Rental Info

  • Existing Lease Terms: Month To Month

Building Info

  • Number of Units Total: 2

Multi Family

  • Gross Income: 22800
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Personal Prop Tax, Property Insurance

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 3619.00

MLS Schools

  • Elementary School: Tomahawk
  • School District: Olathe
  • High School: Olathe North

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2021
Closed on
Dec 13, 2021
Sold by
Dakota Capital Inc
Bought by
Sluyter James L and Sluyter Julie C
Seller's Agent
Dustin Medlin
KW Diamond Partners
Buyer's Agent
Shawn Lewis
RE/MAX Realty Suburban Inc
List Price
$320,000
Current Estimated Value
$423,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.03%
Original Mortgage
$258,750
Outstanding Balance
$235,947
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$187,234

Purchase Details

Listed on
Oct 27, 2021
Closed on
Oct 26, 2021
Sold by
Medlin Larry W and Medlin Janice R
Bought by
Dakota Capital Inc and Landmark Trust
Seller's Agent
Dustin Medlin
KW Diamond Partners
Buyer's Agent
Shawn Lewis
RE/MAX Realty Suburban Inc
List Price
$320,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Outstanding Balance
$235,947
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$187,234

Purchase Details

Closed on
Aug 14, 2015
Sold by
Dakota Capital Inc
Bought by
Medlin Larry W and Medlin Janice R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,800
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2004
Sold by
Medlin Larry W and Medlin Janice R
Bought by
Dakota Capital Inc and The Prairie View Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 2002
Sold by
Medlin Larry W and Medlin Janice R
Bought by
Dakota Capital Inc

Purchase Details

Closed on
Dec 14, 2001
Sold by
Ljo Lp
Bought by
Medlin Larry W and Medlin Janice R

Purchase Details

Closed on
Feb 22, 2001
Sold by
Medlin Larry W and Medlin Janice R
Bought by
Ljo Lp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Sluyter James L -- Platinum Title Llc
Dakota Capital Inc -- Accommodation
Medlin Larry W -- None Available
Dakota Capital Inc -- Commonwealth Title
Medlin Larry W -- Commonwealth Title
Dakota Capital Inc -- --
Medlin Larry W -- --
Ljo Lp -- Realty Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sluyter James L $258,750
Previous Owner Medlin Larry W $133,800
Previous Owner Medlin Larry W $143,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2021 12/14/21 Sold -- -- --
10/30/2021 10/30/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $320,000 -- --
Source: Heartland MLS

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 $4,679 $44,275 $6,762 $37,513
2024 $4,679 $41,665 $7,107 $34,558
2023 $4,546 $39,675 $6,464 $33,211
2022 $4,449 $37,743 $5,871 $31,872
2021 $3,804 $30,797 $5,104 $25,693
2020 $3,619 $29,049 $5,104 $23,945
2019 $3,561 $28,393 $4,257 $24,136
2018 $2,724 $25,932 $4,257 $21,675
2017 $3,081 $24,184 $4,257 $19,927
2016 $2,768 $22,310 $4,257 $18,053
2015 $2,176 $17,618 $4,257 $13,361
2013 -- $16,755 $4,257 $12,498
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2352321

Heartland MLS

APN: DP30000035-0001