NOT LISTED FOR SALE

18811 E Lexington Rd Independence, MO 64058

Estimated Value: $384,000 - $503,000

8 Beds
8 Baths
1,248 Sq Ft
$362/Sq Ft Est. Value

Last Sold April 30, 2021

Current estimated payment $2,840/month

1 Day on Market

Highlights

  • No HOA
  • Patio
  • Private Entrance
  • 4 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Utility Room

About This Home

As of April 2021

This Fourplex is a 1031 Exchange. Agent is Owner. Units included are 18811, 18813, 18815, and 18817. All units are in good condition and currently leased. Each 2 bedroom, 1.5 bath, 1 car garage unit has a patio with a privacy fence, fireplace in the living room, and second-floor in-unit laundry. Tenants pay all utilities. Lawn maintenance is provided.

Last Agent to Sell the Property

David Wiesemann

RE/MAX Heritage License #2009020578 Listed on: 03/18/2021

RE/MAX Heritage

Last Buyer's Agent

Lance Tomlin

ReeceNichols - Lees Summit License #2010011847

ReeceNichols - Lees Summit

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,689

Year Built

  • Built in 1986

Lot Details

  • Private Entrance
  • Paved or Partially Paved Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,248 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Laundry in unit
  • Fire and Smoke Detector

Kitchen

  • Electric Oven or Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Outdoor Features

  • Patio

Schools

  • Elm Grove Elementary School
  • Fort Osage High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 16-240-07-10-00-0-00-000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Osage Manor Subdivision
  • On-Site Maintenance

Building Details

  • Gross Income $38,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,689

Year Built

Built in 1986

Lot Details

10,193 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Age Description: 31-40 Years
  • Legal Description: All of Lots 35 and 36, Osage Manor, a subdivision in Independence, Jackson County, Missouri, according to the recorded plat thereof.
  • Package: No
  • Year Built: 1986
  • Senior Community: No
  • 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: David Wiesemann
  • List Office Mls Id: RMX 16
  • List Office Name: RE/MAX Heritage
  • List Office Phone: 816-224-8484
  • Maintenance Description: Lawn
  • Maintenance Provided: Yes
  • Mls Status: Sold
  • Operating Expense: 9400
  • Special Documents Required: No
  • Tax Total Amount: 2689
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Interior Amenities: Apply To All Units, Private Entry
  • Appliances: Dishwasher, Disposal, Hood/Fan, Refrigerator, Rng/Oven- Electric
  • Basement: No
  • Laundry Features: Inside, Utility Room
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame
  • Patio And Porch Features: Patio
  • Road Surface Type: Paved

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 4

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Telecommunications: Cable - Available, High Speed Internet - Available
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Security Features: Smoke Detector
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Schools

  • Middle/Junior School: Fort Osage

Lot Info

  • Zoning: R 1-4
  • Building Area Total: 1248.00
  • Lot Dimensions: 90 X 120 each lot
  • Parcel Number: 16-240-07-10-00-0-00-000
  • Subdivision Name: Osage Manor

Rental Info

  • Existing Lease Terms: One Year Lease

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Income: 38160
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Accounting, Advertising, Exterminator, Legal, Personal Prop Tax, Property Insurance, Property Mgmt, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 2689.00

MLS Schools

  • Elementary School: Elm Grove
  • School District: Fort Osage
  • High School: Fort Osage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2021
Closed on
Apr 30, 2021
Sold by
Wiesemann Properties Llc
Bought by
American Tiger Realty Group Llc
Seller's Agent
David Wiesemann
RE/MAX Heritage
Buyer's Agent
Lance Tomlin
ReeceNichols - Lees Summit
List Price
$325,000
Current Estimated Value
$455,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.90%
Original Mortgage
$286,400
Outstanding Balance
$258,584
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$193,176

Purchase Details

Closed on
Feb 8, 2006
Sold by
Wiesemann Properties Llc
Bought by
Wiesemann David L and Wiesemann Sandra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,240
Interest Rate
6.18%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 8, 2004
Sold by
Rabius Maurice W and Cox Dina R
Bought by
Wiesemann Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,975
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
American Tiger Realty Group Llc -- None Available
Wiesemann David L -- Kansas City Title
Wiesemann Properties Llc -- First Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open American Tiger Realty Group Llc $286,400
Previous Owner Wiesemann David L $216,240
Previous Owner Wiesemann Properties Llc $441,975
Closed Wiesemann Properties Llc $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold -- -- --
03/19/2021 03/19/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $325,000 -- $260 / Sq Ft
Source: Heartland MLS

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 $5,931 $67,342 $6,973 $60,369
2024 $5,878 $66,310 $3,734 $62,576
2023 $5,878 $66,310 $5,979 $60,331
2022 $4,764 $50,920 $2,689 $48,231
2021 $4,769 $50,920 $2,689 $48,231
2020 $4,604 $48,451 $2,689 $45,762
2019 $4,511 $48,451 $2,689 $45,762
2018 $4,009 $42,874 $4,180 $38,694
2017 $4,009 $42,874 $4,180 $38,694
2016 $3,608 $41,800 $3,249 $38,551
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2309905

Heartland MLS

APN: 16-240-07-10-00-0-00-000

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