$260,000
SOLD JUL 13, 2020
Last list price

18800 E Manor Ct Independence, MO 64058

-- Bed
-- Bath
4,320 Sq Ft
0.32 Acres

Recently Sold

$60 Per Sq Ft

1 Day on Market

Highlights

  • Fireplace
  • Forced Air Heating and Cooling System
  • Carpet
  • Board and Batten Siding
  • Garage

About This Home

As of June 2023

Classic value-add quadplex in Independence. Lock in low residential financing! Spacious 2 bed/1.5 bath units with fireplaces, private garages and basements (W/D hookups). Tenants pay for all utilities, including water and trash. Rents are under market and could go up significantly with TLC. Neighboring comparable units are paying 850/mo. Need an investor who will unlock the full income potential of this value-add project in a great neighborhood. 1986 construction. Buyer to verify all information.

Last Agent to Sell the Property

Michelle Lutz

Lutz Sales + Investments License #SP00239672 Listed on: 05/27/2020

Last Buyer's Agent

Michelle Lutz

Lutz Sales + Investments License #SP00239672 Listed on: 05/27/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,872

Year Built

  • Built in 1986

Parking

  • Garage

Home Design

  • Quadruplex
  • Composition Roof
  • Board and Batten Siding

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Carpet
  • Basement

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 16-240-07-22-00-0-00-000

Community Details

Overview

  • 4 Units
  • Osage Manor Subdivision

Building Details

  • Gross Income $30,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,872

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Age Description: 31-40 Years
  • Legal Description: Lot 26, Osage Manor
  • Package: No
  • Year Built: 1986
  • Exclude From Reports: No
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: No
  • Internet Consumer Comment: No
  • Internet Entire Listing Display: Yes
  • List Agent Full Name: Michelle Lutz
  • List Office Mls Id: PRKC
  • List Office Name: Platinum Realty LLC
  • List Office Phone: 888-220-0988
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 7379
  • Special Documents Required: No
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Fireplace: Yes
  • Flooring: Carpeted Floors
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Board/Batten

Garage/Parking

  • Garage: Yes
  • Parking Features: Garage

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Telecommunications: Metro Free
  • Utilities: Other
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Schools

  • School District: Fort Osage

Lot Info

  • In Floodplain: Unknown
  • Zoning: R2
  • Parcel Number: 16-240-07-22-00-0-00-000
  • Subdivision Name: Osage Manor

Rental Info

  • Existing Lease Terms: Month To Month

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Income: 30600
  • Current Occupancy Rate: Over 95%
  • Gross Multiplier: 11.70
  • Operating Expenses Include: Other

Tax Info

  • Tax Abatement: No

MLS Schools

  • School District: Fort Osage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Jun 1, 2023
Sold by
Afrah Navid and Afrah Mariam
Bought by
Courtney Glenn
Seller's Agent
Steven May
Royal Oaks Realty
Buyer's Agent
Dana Perry
Redfin Corporation
List Price
$490,000
Views
121
Current Estimated Value
$533,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.51%
Original Mortgage
$463,980
Outstanding Balance
$454,007
Interest Rate
6.39%
Mortgage Type
Construction
Estimated Equity
$53,993

Purchase Details

Listed on
Jun 1, 2021
Closed on
Jul 27, 2021
Sold by
Wallace Gabrielle
Bought by
Afrah Navid
Seller's Agent
John David
USREALTY.COM LLP
Buyer's Agent
Andrew Tate
Laura Lynne Real Estate LLC
List Price
$389,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%

Purchase Details

Listed on
May 27, 2020
Closed on
Jul 10, 2020
Sold by
Alumbaugh Gerald
Bought by
Wallace Gabrielle
Seller's Agent
Michelle Lutz
Lutz Sales + Investments
Buyer's Agent
Michelle Lutz
Lutz Sales + Investments
List Price
$260,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.80%
Original Mortgage
$187,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2004
Sold by
Dobroy Irene K and Dobroy Alexandre M
Bought by
Alumbaugh Gerald B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,500
Interest Rate
6.26%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Dec 18, 2003
Sold by
Dobrov Alexandre M and Dobrov Irene K
Bought by
Dobrov Irene K and Dobrov Alexandre M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.02%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 8, 2001
Sold by
Dobrov Alexandre M and Dobrov Irene K
Bought by
Dobrov Alexandre M and Alexandre M Dobrov Revocable Living Tr

Purchase Details

Closed on
Oct 18, 2001
Sold by
Dobrov Alexandre M and Dobrov Irene K
Bought by
Dobrov Alexandre M and Alexandre M Dobrov Revocable Living Tr

Purchase Details

Closed on
Feb 19, 1998
Sold by
Adams Lee T and Adams Susan E
Bought by
Dobrov Alexandre M and Dobrov Irene K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 1996
Sold by
Barnhart Bros Construction Co
Bought by
Adams Lee T and Adams Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,091
Interest Rate
7.67%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed -- Platinum Title
Warranty Deed -- Secured Ttl Of Ks City Lees
Warranty Deed -- Atc
Deed $215,000 Ctic
Interfamily Deed Transfer -- Multiple
Interfamily Deed Transfer -- Multiple
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Warranty Deed -- --
Corporate Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $463,980 Construction
Previous Owner $187,500 New Conventional
Previous Owner $150,500 Stand Alone First
Previous Owner $184,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $144,000 Purchase Money Mortgage
Previous Owner $124,091 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2023 06/01/23 Sold -- -- --
04/29/2023 04/29/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $490,000 +26.0% $113 / Sq Ft
07/27/2021 07/27/21 Sold -- -- --
06/04/2021 06/04/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $389,000 +49.6% $90 / Sq Ft
07/13/2020 07/13/20 Sold -- -- --
05/28/2020 05/28/20 Pending -- -- --
05/27/2020 05/27/20 For Sale $260,000 -- $60 / 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 $6,872 $77,520 $5,850 $71,670
2023 $6,872 $77,520 $7,695 $69,825
2022 $5,298 $56,620 $3,686 $52,934
2021 $5,303 $56,620 $3,686 $52,934
2020 $5,388 $56,697 $3,686 $53,011
2019 $5,279 $56,697 $3,686 $53,011
2018 $3,936 $42,095 $4,104 $37,991
2017 $3,936 $42,095 $4,104 $37,991
2016 $3,542 $41,040 $3,249 $37,791
2014 $3,132 $36,119 $3,722 $32,397
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2223001

Heartland MLS

APN: 16-240-07-22-00-0-00-000