NOT LISTED FOR SALE

Estimated Value: $222,000 - $867,325

-- Bed
-- Bath
6,592 Sq Ft
1.03 Acres

Last Sold July 15, 2021

Current estimated payment $3,126/month

13 Days on Market

About This Home

As of July 2021

Desirable Northtown location on this stable 8-unit property. Great curb appeal on this single-story low maintenance building on a whole acre lot. 9 off-street covered parking spots for residents. Five of eight units renovated, most recently rented at 850/mo. All 2 bed 1 bath units. Washer dryer hookups in each unit. Tenants pay for gas and electric. Owner pays for water. Could reduce water bill by billing RUBS fee to tenants. 20% upside on income. Full proforma and financials available on request. One of the renovated units will be shown Wednesday 5/12 3-330 pm.

Last Agent to Sell the Property

Michelle Lutz

Lutz Sales + Investments License #SP00239672 Listed on: 05/06/2021

Last Buyer's Agent

Gayla Hiatt

Keller Williams KC North

Keller Williams KC North

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,546

Year Built

  • Built in 1956

Lot Details

  • 1.03

Home Design

  • Brick Frame
  • Composition Roof

Interior Spaces

  • 6,592 Sq Ft Home
  • 1-Story Property

Parking

  • 9 Parking Spaces
  • Covered Parking
  • Off-Street Parking

Utilities

  • Central Air
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 13-605-00-06-014.00

Community Details

Overview

  • 8 Units
  • Kristina Estates Subdivision

Building Details

  • Gross Income $81,600

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,546

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment Building
  • Age Description: 51-75 Years
  • Legal Description: KRISTINA ESTATES LT 1
  • Package: No
  • Year Built: 1956
  • 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: Michelle Lutz
  • List Office Mls Id: PRKC
  • List Office Name: Platinum Realty
  • List Office Phone: 888-220-0988
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 26146
  • Special Documents Required: No
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick & Frame

Garage/Parking

  • Garage: No
  • Parking Features: Covered, Off Street
  • Total Parking Spaces: 9

Utilities

  • Cooling: Central Electric
  • Heating: Central Electric
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager
  • Association Fee Frequency: None

Schools

  • School District: Kansas City Mo

Lot Info

  • In Floodplain: No
  • Zoning: U
  • Building Area Total: 6592.00
  • Lot Size Area: 44867.00
  • Parcel Number: 13-605-00-06-014.00
  • Subdivision Name: Kristina Estates

Rental Info

  • Existing Lease Terms: Month To Month, One Year Lease

Building Info

  • Number of Units Total: 8

Multi Family

  • Gross Income: 81600
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Maintenance, Property Insurance, Property Mgmt, Real Estate Tax, Refuse Collection, Sewer, Water

Tax Info

  • Tax Abatement: No

MLS Schools

  • School District: Kansas City Mo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Jul 15, 2021
Sold by
Redhair Holdings Llc
Bought by
Delta Homes Kc Llc
Seller's Agent
Michelle Lutz
Lutz Sales + Investments
Buyer's Agent
Gayla Hiatt
Keller Williams KC North
List Price
$779,000
Current Estimated Value
$459,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.17%
Original Mortgage
$572,000
Outstanding Balance
$521,246
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$62,165

Purchase Details

Closed on
Nov 14, 2019
Sold by
Ripma Lee and Ripma Lee Austin
Bought by
Redhair Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2018
Sold by
Mcclure Richard D
Bought by
Ripma Lee and Madras Developpment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 1998
Sold by
Jefferson Apartments Llc
Bought by
Mcclure Richard D

Purchase Details

Closed on
Aug 15, 1997
Sold by
Langston David and Langston Janette
Bought by
Jefferson Apartments Llc
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
Delta Homes Kc Llc -- First American Title Ins Co
Redhair Holdings Llc -- Ambassador Title Services
Ripma Lee -- Alpha Title Guaranty Inc
Mcclure Richard D -- United Title Company
Jefferson Apartments Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delta Homes Kc Llc $572,000
Previous Owner Redhair Holdings Llc $390,000
Previous Owner Madras Development Llc $10,000
Previous Owner Ripma Lee $302,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2021 07/15/21 Sold -- -- --
05/19/2021 05/19/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $779,000 -- $118 / 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 $7,546 $93,670 -- --
2023 $7,480 $93,670 $0 $0
2022 $5,309 $63,540 $0 $0
2021 $5,315 $63,538 $25,631 $37,907
2020 $4,294 $47,480 $0 $0
2019 $4,214 $79,967 $17,440 $62,527
2018 $3,150 $33,920 $0 $0
2017 $2,441 $33,920 $10,360 $23,560
2016 $2,441 $26,780 $10,360 $16,420
2015 $2,440 $26,780 $10,360 $16,420
2014 $2,477 $26,780 $10,360 $16,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2320028

Heartland MLS

APN: 13-605-00-06-014.00