NOT LISTED FOR SALE

Estimated Value: $150,000

4 Beds
4 Baths
2,268 Sq Ft
$66/Sq Ft Est. Value

Last Sold January 13, 2020

Current estimated payment $877/month

43 Days on Market

About This Home

As of January 2020

THIS PROPERTY IS SELLING AT A MULTI-PROPERTY AUCTION CONDUCTED OFF-SITE AT THE HOLIDAY INN (549 S. ROCK RD) ON DECEMBER 12TH AT 5:30 P.M. DOORS OPEN AT 4:30 P.M. FOR REGISTRATION OR PRE-REGISTER ONLINE. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. This property is selling with clear title at closing and no back taxes. Property previews available. This property is being offered High Bidder's Choice with the following properties: 1802 N Market St and 1808 N Market St. Fantastic opportunity to purchase a quadplex w/ (4) 1-BR, 1-BA units! Exterior features of this traditional quadplex include separate entryways to each unit, several covered front porches, storm doors, separate utility meters, and security lights.  Interior features of the units include bright and open rooms, a range/oven combination on all units, refrigerators on all units, and an eating space in the kitchens. Unit #1809-1 This one-bedroom unit is currently vacant, which offers potential for additional monthly income. Unit #1809-2 This one-bedroom unit currently rents for $350 per month with a $280 deposit, a yearly income of $4,200! This tenant is currently on a month-to-month term. Unit #1809-3 This one-bedroom unit currently rents for $340 per month with a $300 deposit, a yearly income of $4,080! This tenant is currently on a month-to-month term. Unit #1809-4 This one-bedroom unit is currently vacant, which offers potential for additional monthly income. This property is close to everything downtown Wichita has to offer and produces a total yearly income of $8,280 and potentially more when all four units are occupied. Don't miss out on this wonderful opportunity! *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. It is incumbent upon buyer to exercise buyer’s own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer’s responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or seller’s agents was obtained from a variety of sources and neither seller nor seller’s agents have made any independent investigation or verification of such information and make no representation as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. 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 $5,000.

Last Agent to Sell the Property

Daniel Gutierrez

Keller Williams Hometown Partners License #00235453 Listed on: 10/30/2019

Keller Williams Hometown Partners

Last Buyer's Agent

Nicole Kennedy

Real Broker LLC License #00231722

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $920

Year Built

  • Built in 1942

Lot Details

  • 7,112

Home Design

  • Side-by-Side
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,268 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Parking

  • 4 Parking Spaces
  • On-Street Parking

Schools

  • Irving Elementary School
  • Marshall Middle School
  • North High School

Additional Features

  • 7,112 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash, water/sewer
  • Assessor Parcel Number 20173-123-08-0-14-07-016.00

Community Details

Overview

  • 4 Units
  • Fairview Subdivision

Building Details

  • Gross Income $8,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$920

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Four To Sixplex
  • Style: Side By Side
  • Estimated Age: 51 - 80 Years
  • Total Specials: 31.2
  • Year Built: 1942
  • Annual Specials: 31.2
  • Estimated TFLA: 2268
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 772

Interior Features

  • Appliances: Over/Range, Refrigerator
  • Floors: Carpet
  • Number Of Stories: One

Exterior Features

  • Construction: Vinyl
  • Roof: Composition

Garage/Parking

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

Utilities

  • Flood Insurance: Unknown
  • Heating: Forced Air
  • Utilities: Natural Gas, Public, Sewer

Schools

  • School District: Wichita School District (USD 259)
  • Elementary School: Irving
  • Middle School: Marshall
  • High School: North
  • Elementary School: Irving
  • High School: North

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 7112
  • Geo ADDRESS Line: 1809 N Market St
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Subdivision: KS
  • Geo Update: 11/18/2019
  • Geo Zoom Level: 16

Rental Info

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

Tax Info

  • Assessor Parcel Number: 20173-123-08-0-14-07-016.00
  • General Taxes: 743.71
  • General Tax Year: 2019

Multi Family

  • Number Of Units: 4
  • Number Of 1 Bedroom Units: 4
  • Rent Per Unit 1 Bedroom: 340/350
  • Gross Income: 8280

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2006
Sold by
Houk Kenneth W and Houk Vicki S
Bought by
Garcia Evelio and Garcia Catalina
Current Estimated Value
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Outstanding Balance
$32,636
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$99,364
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
Garcia Evelio -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Evelio $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2020 01/13/20 Sold -- -- --
12/12/2019 12/12/19 Pending -- -- --
10/30/2019 10/30/19 For Sale $52,800 -- $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 $920 $10,028 $2,530 $7,498
2023 $920 $8,338 $1,714 $6,624
2022 $833 $7,740 $1,610 $6,130
2021 $826 $7,234 $966 $6,268
2020 $829 $7,234 $966 $6,268
2019 $775 $6,762 $966 $5,796
2018 $739 $6,498 $1,024 $5,474
2017 $789 $0 $0 $0
2016 $784 $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: 574757

South Central Kansas MLS

APN: 123-08-0-14-07-016.00