NOT LISTED FOR SALE

16601 W 123rd St Olathe, KS 66062

Estimated Value: $329,000 - $356,000

4 Beds
2 Baths
1,728 Sq Ft
$196/Sq Ft Est. Value

Last Sold March 30, 2018

Current estimated payment $2,075/month

2 Days on Market

Highlights

  • Open to Family Room
  • 2 Car Attached Garage
  • Central Heating and Cooling System
  • Olathe East Sr High School Rated A-
  • Board and Batten Siding
  • Private Entrance

About This Home

As of March 2018

Investors Dream! Both sides rented, $875 and $900. Tenants would like to stay. Appointment only, please give at least 3 hours notice. Great location for shopping, highway access & great schools! Each side has it's own private entrance. Each side has spacious living/dining room 20'10' Washer/Dryer hookups and lots of extra storage space. Newer roof & various appliances. Refrigerators staying. Appreciable & great cash flow! Please allow 24hrs for offer response. Seller told me that his approx. net profit is $10,000. This great opportunity has 2 bedrooms 1 bath and a 3/4 bath in lower level. Tenants prefer showings from 12-1 but will try to be flexible. Allow at least 3 hours notice when setting your appointments. Understand, I am dependant on the tenants to approve the show times, appreciate your patience.

Last Agent to Sell the Property

Jim Fogel

ReeceNichols - Leawood License #SP00216978 Listed on: 03/13/2018

ReeceNichols - Leawood

Last Buyer's Agent

Aaron Speier

Brookside Real Estate Co. License #SP00235808

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,200

Year Built

  • Built in 1978

Lot Details

  • 0.25 Acre Lot
  • Private Entrance

Home Design

  • Duplex
  • Composition Roof
  • Board and Batten Siding
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Family Room
  • Open to Family Room
  • Basement

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number DP64400000 0015

Community Details

Overview

  • 2 Units
  • Rolling Meadows Subdivision

Building Details

  • Gross Income $21,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,200

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 31-40 Years
  • Legal Description: ROLLING MEADOWS LT 15 OLC 606 15
  • Restrictions: Fireplace
  • Package: Yes
  • Year Built: 1978
  • Senior Community: No
  • Dining Area Features: Kit/Family Combo
  • Exclude From Reports: No
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: Yes
  • Internet Consumer Comment: Yes
  • Internet Entire Listing Display: Yes
  • List Agent Full Name: Jim Fogel
  • List Office Mls Id: RAN 05
  • List Office Name: ReeceNichols Leawood
  • List Office Phone: 913-851-7300
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 4000
  • Other Room Features: Family Room, Private Bath
  • Phone Other: 913-522-2699
  • Phone Other Type: Cell
  • Special Documents Required: No
  • Tax Total Amount: 2200
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Interior Amenities: Private Entry
  • Basement: Yes
  • Stories: 3

Exterior Features

  • Roof: Composition
  • Construction Materials: Board/Batten, Wood Siding

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage, Off Street, Paved
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Electric
  • Heating: Central Gas
  • Sewer: City/Public
  • Telecommunications: Cable - Available
  • Utilities: Cent Water Heater, Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager
  • Association Fee Frequency: Monthly

Schools

  • School District: Olathe

Lot Info

  • In Floodplain: No
  • Zoning: R2
  • Lot Size Area: 11001.00
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 11001.00
  • Parcel Number: DP64400000 0015
  • Subdivision Name: Rolling Meadows

Rental Info

  • Existing Lease Terms: Month To Month

Building Info

  • Number of Units Total: 2

Multi Family

  • Gross Income: 21300
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Personal Prop Tax, Property Insurance

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 2200.00

MLS Schools

  • School District: Olathe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2018
Closed on
Mar 30, 2018
Sold by
616 Rogers Road Llc
Bought by
Speier Capital Llc
Seller's Agent
Jim Fogel
ReeceNichols - Leawood
Buyer's Agent
Aaron Speier
Brookside Real Estate Co.
List Price
$189,000
Current Estimated Value
$338,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%

Purchase Details

Closed on
Aug 26, 2011
Sold by
Powell Cindy N
Bought by
616 Rogers Rd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,800
Interest Rate
4.58%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 11, 2011
Sold by
Powell Robin D
Bought by
Powell Cindy N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,800
Interest Rate
4.58%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 3, 2007
Sold by
Gaddie Bradley L and Gaddie Mary Ann
Bought by
Powell Robin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.55%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Speier Capital Llc -- None Available
616 Rogers Rd Llc -- Alpha Title Llc
Powell Cindy N -- Alpha Title Llc
Powell Robin D -- Midwest Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 616 Rogers Rd Llc $116,800
Previous Owner Powell Robin D $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2018 03/30/18 Sold -- -- --
03/13/2018 03/13/18 For Sale $189,000 -- $109 / Sq Ft
Source: Heartland 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
2024 $3,249 $29,382 $6,903 $22,479
2023 $3,363 $29,567 $6,001 $23,566
2022 $3,085 $26,404 $6,001 $20,403
2021 $3,114 $25,277 $5,459 $19,818
2020 $2,963 $23,851 $4,743 $19,108
2019 $2,858 $22,862 $4,743 $18,119
2018 $2,658 $21,137 $4,308 $16,829
2017 $2,470 $19,458 $3,743 $15,715
2016 $2,239 $18,112 $3,743 $14,369
2015 $2,113 $17,123 $3,743 $13,380
2013 -- $15,134 $3,590 $11,544
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2094229

Heartland MLS

APN: DP64400000-0015