NOT LISTED FOR SALE

Estimated Value: $484,000 - $578,871

-- Bed
4 Baths
2,816 Sq Ft
$183/Sq Ft Est. Value

Last Sold July 19, 2019

Current estimated payment $3,074/month

48 Days on Market

Highlights

  • 0.14 Acre Lot
  • Storage Room
  • Ceiling Fan
  • Brick or Stone Mason
  • Forced Air Heating and Cooling System

About This Home

As of July 2019

Just steps from the Missouri Botanical Garden and Tower Grove Park. This 2816 sf building includes four units, each with private BR, LR, updated bath and kitchen, and adjacent dining area. Hardwood floors with original woodwork and bright white trim; some units have exposed brick for additional charm. Central air ensures tenant comfort. Basement includes private storage and laundry hookups for each unit. Updates include: roof 2010, updated stacks, 2 newer water heaters, 2 furnaces new in 2011; energy efficient windows on back, left, and right sides. Tenants pay gas/electric, each metered individually. Newly paved off-street parking behind the building. Rents are 2@600 and 2@620 which isn't at market rate so there's value add opportunity; upgrade some finishes for even more potential. Gross annual income currently $29,280, expenses are $8,762 (not including mgmt); net income is $20,518.

Building is fully rented; one unit available to show with limits. Please do not disturb tenants.

Last Agent to Sell the Property

Tammy Derrigan

Worth Clark Realty License #2016008170 Listed on: 05/27/2019

Worth Clark Realty

Last Buyer's Agent

Patrick Kavanagh

Invest St. Louis License #2018044951

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,146

Year Built

  • Built in 1926

Lot Details

  • 6,229 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Brick or Stone Mason

Interior Spaces

  • 2,816 Sq Ft Home
  • Ceiling Fan
  • Storage Room
  • Laundry in unit
  • Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, gas
  • Assessor Parcel Number 5904-00-0150-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,146

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: Portis
  • Municipality Township: St. Louis City
  • Age: 93
  • Ownership: Private
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Basement, Laundry Facl-Private, Storage Room Avail
  • Square Footage: 2816

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Ceiling Fan, Central-Electric
  • Heating: Forced Air

Schools

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

Lot Info

  • Lot Dimensions: 50 FT X 107 FT
  • Lot Sq Ft: 6229
  • Acres: 0.1430

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Cable TV/Satellite, Electric, Gas

Multi Family

  • Gross Operating Income: 29280.00
  • Units: 4
  • Total Expenses: 8762.00
  • Type Of Units: 4-Family

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 3382
  • Assessor Parcel Number: 5904-00-0150-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2019
Closed on
Jul 19, 2019
Sold by
Gove James and Gove Jacqueline
Bought by
Rowe Angel and Rowe Curtis
Seller's Agent
Tammy Derrigan
Worth Clark Realty
Buyer's Agent
Patrick Kavanagh
Invest St. Louis
List Price
$284,900
Current Estimated Value
$514,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.29%
Original Mortgage
$197,981
Outstanding Balance
$173,449
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$341,019

Purchase Details

Listed on
Sep 28, 2016
Closed on
Dec 1, 2016
Sold by
Urban Element Llc
Bought by
Gove James and Cove Jacqueline
Seller's Agent
Tammy Derrigan
Worth Clark Realty
Buyer's Agent
Tammy Derrigan
Worth Clark Realty
List Price
$230,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$168,750
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2015
Sold by
Armstrong Jon R and Armstrong Amanda C
Bought by
Urban Element Llc

Purchase Details

Closed on
Aug 21, 2014
Sold by
Urban Element Llc
Bought by
Armstrong Jon R and Armstrong Amanda C

Purchase Details

Closed on
Jun 30, 2007
Sold by
Armstrong Jon R and Armstrong Amanda C
Bought by
Urban Element Llc

Purchase Details

Closed on
Feb 21, 2007
Sold by
Armstrong Jon R and Armstrong Amanda C
Bought by
Armstrong Jon R and Armstrong Amanda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,780
Interest Rate
7.25%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Feb 22, 2005
Sold by
Algonquin Properties Llc
Bought by
Armstrong Jon R and Horvat Amanda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,440
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 12, 2003
Sold by
Barker V James V and Barker Karen B
Bought by
Algonquin 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
$68,850
Interest Rate
5.81%
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 Buyer Sale Price Title Company
Rowe Angel $263,975 None Available
Gove James -- Title Partners Agency Llc
Urban Element Llc -- None Available
Armstrong Jon R -- None Available
Urban Element Llc -- None Available
Armstrong Jon R -- Commerce Title Company
Armstrong Jon R -- --
Algonquin Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rowe Angel $197,981
Previous Owner Gove James $168,750
Previous Owner Armstrong Jon R $137,780
Previous Owner Armstrong Jon R $141,440
Previous Owner Algonquin Properties Llc $68,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2019 07/19/19 Sold -- -- --
07/15/2019 07/15/19 Pending -- -- --
05/27/2019 05/27/19 For Sale $284,900 +23.9% $101 / Sq Ft
12/16/2016 12/16/16 Sold -- -- -- View Prior Sale
12/01/2016 12/01/16 Pending -- -- --
09/28/2016 09/28/16 For Sale $230,000 -- $82 / Sq Ft
Source: MARIS 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 $4,146 $55,720 $2,700 $53,020
2024 $3,702 $46,160 $2,700 $43,460
2023 $3,702 $46,160 $2,700 $43,460
2022 $3,653 $41,850 $2,700 $39,150
2021 $3,648 $41,850 $2,700 $39,150
2020 $3,547 $40,960 $2,700 $38,260
2019 $3,535 $40,960 $2,700 $38,260
2018 $3,382 $37,660 $2,700 $34,960
2017 $3,327 $37,660 $2,700 $34,960
2016 $2,586 $28,670 $2,700 $25,970
2015 $2,358 $28,670 $2,700 $25,970
2014 $2,220 $28,670 $2,700 $25,970
2013 -- $26,980 $2,700 $24,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS19039170

MARIS MLS

APN: 5904-00-0150-0