NOT LISTED FOR SALE

203 SE Grand Ave Lee's Summit, MO 64063

-- Bed
-- Bath
-- Sq Ft
0.75 Acres

Last Sold March 28, 2022

23 Days on Market

Highlights

  • 32,591 Sq Ft lot
  • No HOA
  • Forced Air Heating and Cooling System
  • Pleasant Lea Middle School Rated A-
  • 5 Car Detached Garage

About This Home

As of March 2022

Very nice turnkey rental property located in the middle of Lee's Summit and close to Downtown. Property has 2 buildings for living and a detached 5 car garage. There are 15 units total, with 8 of them being 2 bedrooms and 7 units having only 1 bedroom. New roof and gutters were installed in 2020. Parking lot was resurfaced in 2018. All units have been updated over the past few years. 14 of the 15 units are currently occupied.

Last Agent to Sell the Property

Brock Porterfield

Platinum Realty LLC License #WP1590776 Listed on: 01/25/2022

Platinum Realty LLC

Last Buyer's Agent

Danielle Guzman-Querry

Chartwell Realty LLC License #2013033025

Chartwell Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,015

Year Built

  • Built in 1965

Lot Details

  • 0.75

Home Design

  • Brick Frame
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Laundry in unit
  • Basement

Parking

  • 5 Car Detached Garage
  • Off-Street Parking

Additional Features

  • 0.75 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 61-230-31-26-00-0-00-000

Community Details

Overview

  • No Home Owners Association
  • 15 Units
  • Border's Addition Subdivision

Additional Features

  • Laundry Facilities
  • Gross Income $135,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,015

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment Building
  • Age Description: 51-75 Years
  • Legal Description: BORDER'S ADD LOT 2
  • Year Built: 1965
  • 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: Brock Porterfield
  • List Office Mls Id: PRKC
  • List Office Name: Platinum Realty
  • List Office Phone: 888-220-0988
  • Mls Status: Sold
  • Tax Total Amount: 8015
  • Unit Type: 1 Bedroom, 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Laundry Features: Central Laundry, Inside
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick & Frame, Concrete

Garage/Parking

  • Garage: Yes
  • Parking Features: Detached, Garage, Off Street, Paved
  • Total Parking Spaces: 5

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Utilities: Ind Heat And Air, Ind Water Heaters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Lot Info

  • In Floodplain: No
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 32591.00
  • Parcel Number: 61-230-31-26-00-0-00-000
  • Subdivision Name: Border's Addition

Rental Info

  • Existing Lease Terms: One Year Lease

Building Info

  • Number of Units Total: 15

Multi Family

  • Gross Income: 135000

Tax Info

  • Tax Annual Amount: 8015.00

MLS Schools

  • School District: Lee's Summit

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

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2022 03/28/22 Sold -- -- --
02/17/2022 02/17/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $1,950,000 -- --
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
2025 $9,483 $128,653 $56,179 $72,474
2024 $9,414 $131,328 $26,999 $104,329
2023 $9,414 $131,328 $26,999 $104,329
2022 $7,853 $97,280 $19,998 $77,282
2021 $8,015 $97,280 $19,998 $77,282
2020 $7,101 $85,346 $19,998 $65,348
2019 $6,907 $85,346 $19,998 $65,348
2018 $6,472 $74,213 $15,997 $58,216
2017 $6,472 $74,213 $15,997 $58,216
2016 $6,017 $68,286 $12,306 $55,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2362673

Heartland MLS