NOT LISTED FOR SALE

1606 E Kansas City Rd Olathe, KS 66061

Olathe Area

Estimated Value: $312,000 - $602,000

6 Beds
4 Baths
2,800 Sq Ft
$150/Sq Ft Est. Value

Sale Details

Date Sold: February 26, 2021

Current estimated payment $2,886 / mo

3 Days on Market

Highlights

  • Utility Room
  • Paved or Partially Paved Lot
  • 2-minute walk to Kansas City Road Park
  • Olathe North Sr High School Rated A

About This Home

As of February 2021

Great investment opportunity in a 8 unit apartment bldg. One of the best locations in the Olathe area. 4X 2 bedroom units and 4 X 1 bedroom units with stable and increasing rents. Most of the units have been updated over the past few years. The building has vinyl siding for low maintained. Tenants pay for all utilities. We will have tours of 2 units every Friday from 11.30am to 1:00 pm starting January 29,2021. All offers will be presented to seller each Wednesday after 3pm.

Last Agent to Sell the Property

Robert Zoller

KW Diamond Partners License #SP00220292 Listed on: 01/22/2021

KW Diamond Partners

Last Buyer's Agent

Kimberly Maxon

Weichert, Realtors Welch & Co. License #SP00218536

Weichert, Realtors Welch & Co.

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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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,154

Year Built

  • Built in 1985

Lot Details

  • Paved or Partially Paved Lot

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Utility Room
  • Fire and Smoke Detector

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Parking

  • 10 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Wall Furnace
  • Heat Pump System
  • Separate Meters
  • Underground Utilities
  • 200+ Amp Service

Listing and Financial Details

  • Assessor Parcel Number DP28000000-00A14

Community Details

Overview

  • 8 Units
  • Greenvale Place Apartment Complex Assoc. Association
  • Gaslight Acres Subdivision
  • On-Site Maintenance

Building Details

  • Gross Income $68,940

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,154

Year Built

Built in 1985

Lot Details

1,568 Sq Ft Lot

HOA Fees

$300 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment Building
  • Age Description: 31-40 Years
  • Legal Description: Gas Lignt Acres Lt A, Tract A&B as recorded BK 2692 P 906
  • Restrictions: City Codes
  • Package: Yes
  • Year Built: 1985
  • 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: Robert Zoller
  • List Office Mls Id: KW05
  • List Office Name: Keller Williams Diamond Part
  • List Office Phone: 913-322-7500
  • Maintenance Description: Lawn, Snow Removal, Street
  • Maintenance Provided: Yes
  • Mls Status: Sold
  • Operating Expense: 19118
  • Special Documents Required: No
  • Tax Total Amount: 5154
  • Unit Type: 1 Bedroom, 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Rng/Oven- Electric
  • Basement: No
  • Laundry Features: Utility Room
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Vinyl Siding
  • Road Surface Type: Paved

Garage/Parking

  • Garage: No
  • Parking Features: Off Street, Other, Paved
  • Total Parking Spaces: 10

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump, Wall Furnace
  • Sewer: City/Public
  • Telecommunications: Cable - Available, High Speed Internet - Available
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: No
  • Electric: 200 Amp Service, Underground
  • Security Features: Smoke Detector
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt
  • Association Fee: 300
  • Association Fee Frequency: Monthly

Association/Amenities

  • Association Name: Greenvale Place Apartment Complex Assoc.
  • Association: Yes

Lot Info

  • In Floodplain: No
  • Zoning: Res
  • Parcel Number: DP28000000-00A14
  • Subdivision Name: Gaslight Acres

Rental Info

  • Existing Lease Terms: One Year Lease

Building Info

  • Number of Units Total: 8

Multi Family

  • Gross Income: 68940
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Accounting, Advertising, Legal, Maintenance, Property Insurance, Property Mgmt, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 5154.00

MLS Schools

  • School District: Olathe

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2021
Closed on
Feb 23, 2021
Sold by
Bought by
Seller's Agent
Robert Zoller
KW Diamond Partners
Buyer's Agent
Kimberly Maxon
Weichert, Realtors Welch & Co.
List Price
$710,000
Current Estimated Value
$420,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.99%

Purchase Details

Listed on
Jan 22, 2021
Closed on
Feb 13, 2021
Sold by
Bought by
Seller's Agent
Robert Zoller
KW Diamond Partners
Buyer's Agent
Kimberly Maxon
Weichert, Realtors Welch & Co.
List Price
$710,000

Purchase Details

Closed on
May 25, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 3, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.16%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 26, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 13, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Olathe, KS

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Platinum Title
-- None Available
-- Stewart Title
-- Accurate Title Company
-- Centennial Title Ins
-- Columbian Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $360,000
Previous Owner $240,000
Previous Owner $180,000
Previous Owner $304,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/26/2021 02/26/21 Sold -- -- --
01/25/2021 01/25/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $710,000 +17.6% $254 / Sq Ft
07/31/2019 07/31/19 Sold -- -- -- View Prior Sale
07/10/2019 07/10/19 Pending -- -- --
07/10/2019 07/10/19 For Sale $603,500 -- $216 / Sq Ft
Source: Heartland MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,287 $30,095 $5,882 $24,213
2024 $3,080 $27,934 $5,158 $22,776
2023 $3,016 $26,599 $4,685 $21,914
2022 $2,830 $24,288 $3,896 $20,392
2021 $2,710 $22,045 $3,896 $18,149
2020 $2,577 $20,792 $3,387 $17,405
2019 $2,519 $20,194 $3,387 $16,807
2018 $2,428 $19,332 $2,949 $16,383
2017 $2,098 $16,583 $2,682 $13,901
2016 $1,882 $15,284 $2,682 $12,602
2015 $1,793 $14,582 $2,439 $12,143
2013 -- $14,582 $2,284 $12,298
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2301829

Heartland MLS

APN: DP28000000-000A9

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