NOT LISTED FOR SALE

Estimated Value: $476,000 - $558,000

Studio
4 Baths
3,400 Sq Ft
$155/Sq Ft Est. Value

Last Sold February 28, 2024

Current estimated payment $3,300/month

18 Days on Market

Highlights

  • Detached Garage
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of February 2024

Large four family in Southwest Gardens right beside Botanical Gardens w/ easy access to I44, walking distance to Tower Grove Park, Shaw, The Hill and so much more. Easier to lease to qualified tenants than many other locations. Highlights of the building include large ~1,100sf units, newer vinyl windows with aluminum exterior capping, newer (2021) TPO roof, updated electric, plumbing (including laterals which are PVC), tuckpointing done 2021, and a four car garage (that is actually usable/works). The units themselves have updated kitchens and baths. They are one-bedroom units but have sun/bonus rooms. Lowlights are older furnaces and no condensers (no central AC). Window units work to cool the place fine, however, and the ductwork is all already in place should you wish to add central air. Far less competition now for purchases on account of interest rates; acquire now and set a good entry point (the building performs decent enough at present rates), and refi should rates drop.

Last Agent to Sell the Property

Patrick Kavanagh

Invest St. Louis License #2018044951 Listed on: 01/11/2024

Last Buyer's Agent

Patrick Kavanagh

Invest St. Louis License #2018044951 Listed on: 01/11/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,185

Year Built

  • Built in 1926

Lot Details

  • 3,855 Sq Ft Lot
  • Lot Dimensions are 42'x125'x42'x125'

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,400 Sq Ft Home
  • Ceiling Fan

Parking

  • Detached Garage
  • Driveway
  • On-Street Parking

Schools

  • Mann Elem. Elementary School
  • Fanning Middle Community Ed.
  • Roosevelt High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • Net Operating Income $35,611

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5907-00-0050-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,185

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Cross Street: Russell
  • Year Built: 1926
  • Directions: https://maps.app.goo.gl/jV6Bei3bWqCM8VR38
  • Property Sub-Type: Multi-Family 2-4
  • Lot Size Acres: 0.0885
  • Co List Office Phone: 3256201
  • Subdivision Name: Shaws Garden Add
  • Above Grade Finished Sq Ft: 3400
  • Age: 98
  • PropaneTank: None
  • Total Expenses: 16769.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Some Dishwasher(s), Some Microwave(s), Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s), Some Smoke Alarm(s)

Exterior Features

  • Disclosures: Unknown, Leases Avaliable, Sellers Discl. Avail
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached Garage - 3-4 Car, On Street
  • Driveway: Concrete

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s), Ceiling Fan(s)
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Mann Elem.
  • Junior High Dist: St. Louis City
  • High School: Roosevelt High
  • Middle Or Junior School: Fanning Middle Community Ed.

Lot Info

  • Lot Dimensions: 42'x125'x42'x125'
  • Lot Size Sq Ft: 3855
  • Parcel Number: 5907-00-0050-0

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Term: Leases

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4185
  • Prop Asses Cty Tx: 0

Multi Family

  • Net Operating Income: 35611
  • Type Of Units: 4-Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2024
Closed on
Feb 28, 2024
Sold by
Patel Keenan A and Patel Lyndsey C
Bought by
Dubray Cory and Dubray Christian
Seller's Agent
Patrick Kavanagh
Invest St. Louis
Buyer's Agent
Patrick Kavanagh
Invest St. Louis
List Price
$498,000
Views
6
Current Estimated Value
$526,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.98%
Original Mortgage
$398,400
Outstanding Balance
$390,949
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$135,758

Purchase Details

Listed on
Feb 24, 2022
Closed on
Apr 6, 2022
Sold by
Simpson Annette K
Bought by
Patel Keenan A and Patel Lyndsey C
Seller's Agent
Phyllis Alexander
RE/MAX Results
Buyer's Agent
Patty Emory
Keller Williams Realty St. Louis
List Price
$399,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.42%
Original Mortgage
$363,750
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2002
Sold by
Gateway Residential
Bought by
Simpson Annette K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,803
Interest Rate
7.01%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 19, 2001
Sold by
Haupt Todd
Bought by
Gateway Residential

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.43%
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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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
Dubray Cory -- None Listed On Document
Patel Keenan A -- Investors Title
Simpson Annette K -- Archway Title Agency Inc
Gateway Residential -- Nations Title
Haupt Todd -- Nations Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dubray Cory $398,400
Previous Owner Patel Keenan A $363,750
Previous Owner Simpson Annette K $138,803
Previous Owner Haupt Todd $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2024 02/28/24 Sold -- -- --
01/29/2024 01/29/24 Pending -- -- --
01/11/2024 01/11/24 For Sale $498,000 +24.8% $146 / Sq Ft
04/07/2022 04/07/22 Sold -- -- -- View Prior Sale
04/01/2022 04/01/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $399,000 -- $117 / Sq Ft
Source: MARIS 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 $6,720 $90,830 $3,190 $87,640
2024 $5,999 $75,020 $3,190 $71,830
2023 $5,999 $75,020 $3,190 $71,830
2022 $4,185 $47,990 $3,190 $44,800
2021 $4,180 $47,990 $3,190 $44,800
2020 $4,408 $50,980 $3,190 $47,790
2019 $4,392 $50,980 $3,190 $47,790
2018 $3,373 $37,560 $3,190 $34,370
2017 $3,318 $37,560 $3,190 $34,370
2016 $2,563 $28,410 $3,190 $25,210
2015 $2,337 $28,400 $3,190 $25,210
2014 $2,244 $28,400 $3,190 $25,210
2013 -- $27,280 $3,190 $24,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS24001900

MARIS MLS

APN: 5907-00-0050-0