NOT LISTED FOR SALE

Estimated Value: $220,000 - $272,000

4 Beds
4 Baths
2,346 Sq Ft
$107/Sq Ft Est. Value

Last Sold February 21, 2024

Current estimated payment $1,600/month

9 Days on Market

Highlights

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

About This Home

As of February 2024

The Norton Duplex, situated in Independence, Missouri, offers spacious 2-bedroom/2-bath units, with each side sporting a rare DOUBLE CAR garage! Large back yards for the tenants to enjoy. Both units are presently leased, averaging $850 per month, while market rents are more like $1025+. With robust demand from renters, increasing rental rates, and purchase prices significantly below replacement cost, Independence stands out as an excellent submarket for rental properties! Both units currently occupied. Tenants pay all utilities.

Last Agent to Sell the Property

Michelle Lutz

Lutz Sales + Investments Brokerage Phone: 913-426-5576 License #SP00239672 Listed on: 01/09/2024

Last Buyer's Agent

Scott Kellenberger

Platinum Realty LLC License #2016013640

Platinum Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,484

Year Built

  • Built in 1979

Lot Details

  • 0.31 Acre Lot
  • Private Entrance

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Brick Frame
  • Composition Roof

Interior Spaces

  • 2,346 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Basement
  • Laundry in Basement

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 26-420-27-34-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • White's J C Add Subdivision

Building Details

  • Gross Income $21,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,484

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1979
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Michelle Lutz
  • List Office Mls Id: HMSLUTZS
  • List Office Name: Lutz Sales + Investments
  • List Office Phone: 913-426-5576
  • Mls Status: Sold
  • Operating Expense: 2484
  • Age Description: 41-50 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 2484
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Package: No
  • Attribution Contact: 913-426-5576
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Apply To All Units, Private Entry
  • Basement: Yes
  • Laundry Features: In Basement, Utility Room
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick & Frame
  • Inside City Limits: Yes

Garage/Parking

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

Utilities

  • Cooling: Electric
  • Heating: Forced Air
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Water Source: Public

Condo/Co-op/Association

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

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Accurate Title

Schools

  • Junior High Dist: Independence

Lot Info

  • Zoning: Multi
  • Building Area Total: 2346
  • Lot Size Area: 13517
  • Lot Size Sq Ft: 13517
  • Parcel Number: 26-420-27-34-00-0-00-000
  • Subdivision Name: White's J C Add
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: No

Building Info

  • Number of Units Total: 2

Rental Info

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

Multi Family

  • Gross Income: 21480
  • Current Occupancy Rate: Over 95%
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 2484
  • Tax Abatement YN: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2024
Closed on
Feb 16, 2024
Sold by
Gayden Anthony P and Gayden Princess Danielle
Bought by
Webel Dominic and Webel Holly
Seller's Agent
Michelle Lutz
Lutz Sales + Investments
Buyer's Agent
Scott Kellenberger
Platinum Realty LLC
List Price
$239,000
Sold Price
$239,000
Views
27
Current Estimated Value
$251,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,583
Avg. Annual Appreciation
3.77%

Purchase Details

Closed on
Feb 10, 2021
Sold by
Wallace Gabrielle
Bought by
Portis 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
$144,750
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 18, 2019
Closed on
Jan 14, 2020
Sold by
Shannon Pat A
Bought by
Wallace Gabrielle
Seller's Agent
Brad Korn
Jason Mitchell Real Estate Missouri, LLC
Buyer's Agent
Brad Korn
Jason Mitchell Real Estate Missouri, LLC
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%

Purchase Details

Closed on
Dec 26, 2013
Sold by
Shannon Pat A
Bought by
Shannon Michael
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
Webel Dominic -- None Listed On Document
Portis Properties Llc -- None Available
Wallace Gabrielle -- Secured Title Of Kansas City
Shannon Michael -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gayden Anthony Patrick $288,800
Previous Owner Portis Properties Llc $144,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2024 02/21/24 Sold -- -- --
01/19/2024 01/19/24 Pending -- -- --
01/09/2024 01/09/24 For Sale $239,000 +9.1% $102 / Sq Ft
07/21/2022 07/21/22 Sold -- -- --
07/21/2022 07/21/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $219,000 +25.1% $93 / Sq Ft
01/15/2020 01/15/20 Sold -- -- --
12/21/2019 12/21/19 Pending -- -- --
12/18/2019 12/18/19 For Sale $175,000 -- $86 / 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 $2,484 $36,681 $4,115 $32,566
2023 $2,484 $36,682 $1,809 $34,873
2022 $2,175 $29,450 $2,936 $26,514
2021 $2,174 $29,450 $2,936 $26,514
2020 $1,957 $25,749 $2,936 $22,813
2019 $1,925 $25,749 $2,936 $22,813
2018 $1,733 $22,128 $2,157 $19,971
2017 $1,733 $22,128 $2,157 $19,971
2016 $1,707 $21,575 $1,900 $19,675
2014 $1,670 $21,575 $1,900 $19,675
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2466431

Heartland MLS

APN: 26-420-27-34-00-0-00-000