NOT LISTED FOR SALE

Estimated Value: $142,000 - $160,000

4 Beds
2 Baths
1,584 Sq Ft
$96/Sq Ft Est. Value

Last Sold June 30, 2023

Current estimated payment $844/month

35 Days on Market

About This Home

As of June 2023

Welcome to 1607 W Lynn St, a charming single-family residence legally converted into a duplex, offering great investment potential in Springfield, MO. This unique property presents an excellent opportunity for both first-time investors and seasoned landlords alike.

More Photos Coming Monday

Unit Breakdown:

Unit A: Spacious 3 bedrooms, 1 bath (occupied until April 10, 2023)
Unit B: Cozy 1 bedroom, 1 bath (currently vacant)
This duplex boasts a total of 4 bedrooms and 2 bathrooms across its two units, providing a flexible living arrangement for future tenants. The property has been well-maintained but could use general updating throughout, offering an ideal opportunity for a fixer-upper project.

The 3-bedroom unit is currently occupied by reliable tenants, guaranteeing income until their lease expires on April 10, 2023. The vacant 1-bedroom unit provides the perfect chance to find new tenants or even move in yourself while collecting rent from the other unit.

With comparable homes in the area recently selling for around $160k after renovations, this property has strong potential for significant appreciation once updates are completed.

Property Highlights:

Legal duplex conversion
4 bedrooms and 2 bathrooms total
Great investment opportunity
Fixer-upper with ARV around $160k
Currently rents for $1400 / mo
Reliable tenants in place until April 10, 2023 (3/1 unit)
Don't miss out on this fantastic investment opportunity at 1607 W Lynn St, Springfield, MO. Schedule a showing today and start envisioning the possibilities this duplex has to offer!

Last Agent to Sell the Property

John David

USRealty.com, LLP License #2010000751 Listed on: 05/04/2023

Last Buyer's Agent

Default NonMember

Century 21 Hometown Realty Rp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $566

Year Built

  • Built in 1952

Lot Details

  • 8,712 Sq Ft Lot

Home Design

  • Duplex
  • Wood Frame Construction

Kitchen

  • Oven or Range
  • Microwave

Laundry

  • Dryer
  • Washer

Schools

  • York Elementary School
  • Central High School

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • 2 Units
  • North Oakland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 881315102020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$566

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex/Triplex/Fourplex
  • Levels: One Story
  • Lot Size Acres: 0.2
  • Water Body Name: None
  • Subdivision Name: North Oakland
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1952
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Appliances Oven Range: Yes
  • Special Features: None

Interior Features

  • Appliances: Washer, Microwave, Refrigerator, Dryer

Exterior Features

  • Waterfront: No
  • General Property Description:WaterfrontView: None
  • Construction:Wood Frame2: Yes

Utilities

  • Cooling: None
  • Heating: Forced Air
  • Sewer: City Sewer
  • Cooling Y N: No
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Forced Air: Yes
  • Utilities Electricity: Yes

Schools

  • Middle Or Junior School: SGF-Pipkin

Lot Info

  • Zoning: R-TH
  • Lot Size Sq Ft: 8712.0
  • Parcel #: 881315102020
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 566.28

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: SGF-York
  • High School: SGF-Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2013
Sold by
Durham Jerry C and Durham Sandra L
Bought by
Durham James C and Durham Lori F
Current Estimated Value
$151,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,865
Interest Rate
4.5%
Mortgage Type
FHA
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
Durham James C -- Lincoln Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Durham James C $64,865
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold -- -- --
05/03/2023 05/03/23 Pending -- -- --
04/20/2023 04/20/23 Off Market -- -- --
03/29/2023 03/29/23 For Sale $89,970 -- $57 / Sq Ft
Source: Southern Missouri Regional 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 $639 $12,830 $3,040 $9,790
2024 $563 $10,490 $1,900 $8,590
2023 $560 $10,490 $1,900 $8,590
2022 $566 $10,370 $1,900 $8,470
2021 $566 $10,370 $1,900 $8,470
2020 $580 $10,150 $1,900 $8,250
2019 $563 $10,150 $1,900 $8,250
2018 $599 $10,790 $1,900 $8,890
2017 $592 $10,790 $1,900 $8,890
2016 $591 $10,790 $1,900 $8,890
2015 $586 $10,790 $1,900 $8,890
2014 $585 $10,700 $1,900 $8,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Missouri Regional MLS

MLS Number: 60239263

Southern Missouri Regional MLS

APN: 13-15-102-020