NOT LISTED FOR SALE

Estimated Value: $186,000

4 Beds
4 Baths
2,100 Sq Ft
$89/Sq Ft Est. Value

Last Sold April 24, 2023

Current estimated payment $1,166/month

23 Days on Market

Highlights

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Four Sided Brick Exterior Elevation
  • Fenced

About This Home

As of April 2023

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON MARCH 23RD, 2023. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. Don't miss out on this great investment opportunity located in southwest Wichita! This fully-rented quadplex is the perfect addition to your investment portfolio. The exterior is all brick, there is off-street parking in the alleyway, and it is bringing in $22,200 annually! Each unit offers a spacious living room, an eat-in kitchen with ample cabinetry, 1 large bedroom, and a full bathroom with a tub/shower combination. There is an unfinished basement accessible from the backyard, which offers washer/dryer hookups and storage space for all units. The units are rented from $400-500 per month until 11/1/2023! Units 3 & 4 have central air, while units 1 &2 have window units. The current rental amount for some units is not reflected in the lease. Per the seller, please see the limited-knowledge seller's disclosure in the property information packet for the current rental amount. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $7,5000

Last Listed By

Isaac Klingman

McCurdy Real Estate & Auction, LLC License #00244279 Listed on: 02/28/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,504

Year Built

  • Built in 1955

Lot Details

  • 6,737 Sq Ft Lot
  • Fenced

Home Design

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

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • 4 Parking Spaces
  • Paved Parking

Schools

  • Stanley Elementary School
  • Hamilton Middle School
  • West High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for water/sewer
  • Assessor Parcel Number 20173-129-31-0-21-06-017.00-A

Community Details

Overview

  • 4 Units
  • Whitlocks Replat Subdivision

Building Details

  • Gross Income $22,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,504

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Four To Sixplex
  • Style: Side By Side
  • Estimated Age: 51 - 80 Years
  • Total Specials: 33.52
  • Year Built: 1955
  • Annual Specials: 33.52
  • Estimated TFLA: 2100
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 772

Interior Features

  • Appliances: Dishwasher, Over/Range, Refrigerator
  • Floors: Carpet
  • Basement Use: Tenant Laundry, Tenant Storage
  • Number Of Stories: One

Exterior Features

  • Construction: All Brick
  • Roof: Composition

Garage/Parking

  • Parking: 1 Per Unit, Paved
  • On Site Parking Spaces: 4

Utilities

  • Cooling: Individual Unit, Central Electric, Window Unit
  • Flood Insurance: Unknown
  • Heating: Central Gas, Forced Air, Individual Unit
  • Utilities: Natural Gas, Public, Sewer

Association/Amenities

  • Safety Features: Fencing

Schools

  • School District: Wichita School District (USD 259)
  • Elementary School: Stanley
  • Middle School: Hamilton
  • High School: West
  • Elementary School: Stanley
  • High School: West

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 6737
  • Geo ADDRESS Line: 1721 S Glenn St
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Subdivision: KS
  • Geo Update: 03/07/2023
  • Geo Zoom Level: 16

Rental Info

  • Owner Paid Utilities: Water/Sewer
  • Tenant Paid Utilities: Electric, Gas

Tax Info

  • Assessor Parcel Number: 20173-129-31-0-21-06-017.00-A
  • General Taxes: 1311.25
  • General Tax Year: 2022

Multi Family

  • Number Of Units: 4
  • Number Of 1 Bedroom Units: 4
  • Number Of Efficiency Units: 4
  • Rent Per Unit 1 Bedroom: 400-500
  • Gross Income: 22200

MLS Schools

  • Middle School: Hamilton
  • School District: Wichita School District (USD 259)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2023
Closed on
Apr 19, 2023
Sold by
Howell Rentals Llc
Bought by
H & H Partners Llc
Seller's Agent
Isaac Klingman
McCurdy Real Estate & Auction, LLC
Buyer's Agent
Isaac Klingman
McCurdy Real Estate & Auction, LLC
List Price
$159,500
Sold Price
$159,500
Total Days on Market
23
Views
34
Current Estimated Value
$186,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,500
Avg. Annual Appreciation
7.59%
Original Mortgage
$114,750
Outstanding Balance
$44,001
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$141,999

Purchase Details

Closed on
Jul 28, 2010
Sold by
Pettegrew Charles David and Pettegrew Linda K
Bought by
D P Holdings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
4.76%
Mortgage Type
Future Advance Clause Open End Mortgage

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
H & H Partners Llc -- Security 1St Title
D P Holdings Inc -- Sec 1St
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open H & H Partners Llc $114,750
Previous Owner D P Holdings Inc $53,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2023 04/24/23 Sold -- -- --
03/23/2023 03/23/23 Pending -- -- --
02/28/2023 02/28/23 For Sale $159,500 +10.0% $76 / Sq Ft
09/26/2022 09/26/22 Sold -- -- --
08/19/2022 08/19/22 Pending -- -- --
08/15/2022 08/15/22 For Sale $145,000 -- $69 / 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
2023 $1,504 $14,479 $1,265 $13,214
2022 $1,345 $12,190 $1,196 $10,994
2021 $1,321 $11,500 $437 $11,063
2020 $1,262 $10,948 $437 $10,511
2019 $1,191 $10,327 $874 $9,453
2018 $1,141 $9,925 $437 $9,488
2017 $1,104 $0 $0 $0
2016 $1,100 $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: 622253

South Central Kansas MLS

APN: 129-31-0-21-06-017.00A