NOT LISTED FOR SALE

Estimated Value: $125,000

5 Beds
3 Baths
1,925 Sq Ft
$65/Sq Ft Est. Value

Last Sold July 26, 2013

Current estimated payment $725/month

71 Days on Market

Highlights

  • Wood Flooring
  • Four Sided Brick Exterior Elevation
  • 1-Story Property

About This Home

As of July 2013

THIS PROPERTY SELLING IN A MULTI-PROPERTY AUCTION CONDUCTED OFF-SITE AT THE HOLIDAY INN (549 S. ROCK RD.) AUCTION JUNE 27TH AT 6:00 P.M. NO MINIMUM, NO RESERVE!!! Nice income potential!!! Triplex with 3 separate units, each with their own parking space. (2) 2 Bedrooms, and (1) 1 Bedroom units. 1612 & 1608 E. Luther (2-BR units) are each rented at $625/mo. 1610 E. Luther (1-BR unit) is rented at $500/mo. This property is selling in its present condition and is accepted by the buyer(s) without any expressed or implied warranties or representations from the seller(s) or his(her) agent(s). It is incumbent upon the buyer(s) to exercise his(her) own due diligence prior to bidding on this property. It is the responsibility of the prospective purchaser(s) to have any and all inspections completed prior to the auction day including, but not limited to, roof, structure, termite, wood destroying insects, environmental, groundwater, flood designation, presence of lead-based paint and/or lead-based paint hazards, presence of mold, presence of asbestos, presence of radon, electrical, mechanical, plumbing and any other desired inspections, if any. Information given is from sources deemed reliable but NOT guaranteed by the seller(s) or the Realtor(s) / Auctioneer(s). Announcements made the day of the auction shall take precedence over anything previously stated or printed. There will be a 10% Buyers Premium (minimum $1000) added to the high bid price to arrive at the final contract price. This property will be open for previewing one hour prior to the real estate auction or by scheduled appointment. The earnest money amount due at the auction from the high bidder is 3,500.

Last Agent to Sell the Property

Lonny R McCurdy

McCurdy Real Estate & Auction, LLC License #00017413 Listed on: 04/17/2013

Last Buyer's Agent

Lonny R McCurdy

McCurdy Real Estate & Auction, LLC License #00017413 Listed on: 04/17/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $485

Year Built

  • Built in 1954

Lot Details

  • 7,800 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Side-by-Side
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1,925 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Unfinished Basement

Kitchen

  • Oven or Range
  • Disposal

Schools

  • Anderson Elementary School
  • Mead Middle School
  • East High School

Utilities

  • Window Unit Cooling System
  • Wall Furnace

Community Details

  • 3 Units
  • Gross Income $1,750

Listing and Financial Details

  • The owner pays for electric, gas, lawn maintenance, trash, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$485

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Triplex
  • Style: Side By Side
  • Estimated Age: 51 - 80 Years
  • Total Specials: 17.1
  • Year Built: 1954
  • Annual Specials: 17.1
  • Estimated TFLA: 1925
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 772

Interior Features

  • Appliances: Disposal, Over/Range, Refrigerator
  • Floors: Carpet, Wood
  • Basement: Yes - Unfinished
  • Number Of Stories: One

Exterior Features

  • Construction: All Brick
  • Roof: Composition

Garage/Parking

  • Parking: 1 Per Unit
  • On Site Parking Spaces: 3

Utilities

  • Cooling: Window Unit
  • Flood Insurance: Unknown
  • Heating: Wall Furnace/Baseboard
  • Utilities: Natural Gas, Public

Schools

  • Elementary School: Anderson
  • Middle School: Mead
  • High School: East
  • Elementary School: Anderson
  • High School: East

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 7,800
  • Geo ADDRESS Line: 1608 E Luther St
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Secondary City: Sedgwick Co.
  • Geo Subdivision: KS
  • Geo Update: 01/05/2015
  • Geo Zoom Level: 17

Rental Info

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

Multi Family

  • Number Of Units: 3
  • Number Of 1 Bedroom Units: 1
  • Number Of 2 Bedroom Units: 2
  • Rent Per Unit 1 Bedroom: 500
  • Rent Per Unit 2 Bedroom: 625
  • Gross Income: 1750

Tax Info

  • General Taxes: 341.03
  • General Tax Year: 2012

MLS Schools

  • Middle School: Mead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2013
Closed on
Jul 26, 2013
Sold by
Isadore & Elaine Lambert Living Trust
Bought by
Aim Developments Llc
Seller's Agent
Lonny R McCurdy
McCurdy Real Estate & Auction, LLC
Buyer's Agent
Lonny R McCurdy
McCurdy Real Estate & Auction, LLC
List Price
$44,000
Current Estimated Value
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Original Mortgage
$70,000
Outstanding Balance
$51,540
Interest Rate
3.99%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$75,460
Source: Public Records

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
Aim Developments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aim Developments Llc $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2013 07/26/13 Sold -- -- --
06/27/2013 06/27/13 Pending -- -- --
04/17/2013 04/17/13 For Sale $44,000 -- $23 / 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
2025 $485 $6,073 $2,588 $3,485
2023 $485 $4,980 $1,737 $3,243
2022 $506 $4,980 $1,645 $3,335
2021 $519 $4,658 $1,001 $3,657
2020 $490 $4,394 $909 $3,485
2019 $458 $4,111 $909 $3,202
2018 $551 $4,945 $460 $4,485
2017 $497 $0 $0 $0
2016 $493 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Kansas MLS

MLS Number: 352755

South Central Kansas MLS

APN: 212-04-0-41-06-012.00A