NOT LISTED FOR SALE

216 Loughborough Ave Saint Louis, MO 63111

Carondelet Neighborhood

Estimated Value: $67,000 - $227,000

-- Bed
4 Baths
1,664 Sq Ft
$71/Sq Ft Est. Value

Last Sold August 05, 2021

Current estimated payment $681/month

30 Days on Market

About This Home

As of August 2021

Great opportunity for an investor on this 4-plex with studio units. Each unit is under 400 square feet (1 room plus a small kitchen), so the rehab and maintenance costs would be very manageable. 2 units are occupied with good tenants and 2 units are vacant and need to be rehabbed. The building could use proper heating and cooling (maybe mini-splits), some electrical updates, and general repairs. The owner bought this building with the intent to rehab and stabilize but other projects came up. Currently, the two occupied units rent for $550 and $450 with the landlord paying utilities, and there is interest in the two vacant apartments once they are rehabbed and available. This property is broker-owned and being offered as-is. Once improved, this building should cash flow very nicely. The listed gross operating income, expenses, and net income are estimates based upon stabilization. Photos shown are of the basement and vacant units (the ones that need rehab). Sold as-is

Last Agent to Sell the Property

Patrick Peterson

Peterson Homes License #2004027298 Listed on: 06/02/2021

Last Buyer's Agent

Doris Borgelt

Gateway Real Estate License #2002009035

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $727

Year Built

  • Built in 1890

Lot Details

  • 5,184 Sq Ft Lot
  • Lot Dimensions are 68 x 75

Parking

  • On-Street Parking

Home Design

  • 1,664 Sq Ft Home
  • Quadruplex
  • Brick or Stone Mason

Schools

  • Woodward Elem. Elementary School
  • Lyon-Blow Middle School
  • Roosevelt High School

Utilities

  • 3+ Cooling Systems Mounted To A Wall/Window
  • Space Heater
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for no fees, no utilities
  • Assessor Parcel Number 3014-00-0015-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$727

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Municipality Township: St. Louis City
  • Age: 131
  • Ownership: Private
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 1664

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: 3 Plus Window/Wall
  • Heating: Space Heaters

Schools

  • Elementary School: Woodward Elem.
  • Junior High School: Lyon-Blow Middle
  • School District: St. Louis City
  • Senior High School: Roosevelt High

Lot Info

  • Lot Dimensions: 68 x 75
  • Lot Sq Ft: 5184
  • Acres: 0.1190

Rental Info

  • Tenancy Type: 1 or More Vacant, Month To Month
  • Tenant Pays: No Fees, No Utilities

Multi Family

  • Gross Operating Income: 23940.00
  • Units: 4
  • Total Expenses: 12834.00
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 241
  • Assessor Parcel Number: 3014-00-0015-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Aug 4, 2021
Sold by
Metro Holdings Llc
Bought by
Equity Trust Company
Seller's Agent
Patrick Peterson
Peterson Homes
Buyer's Agent
Doris Borgelt
Gateway Real Estate
List Price
$64,900
Current Estimated Value
$117,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.80%

Purchase Details

Closed on
Apr 26, 2021
Sold by
Young Arthur L
Bought by
Metro Holdings Llc

Purchase Details

Closed on
Apr 22, 2011
Sold by
Wrest Larry and Wrest Meri
Bought by
Young Arthur L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
4.91%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 27, 2001
Sold by
Kirby Jerry D
Bought by
Wrest Larry and Wrest Meri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,250
Interest Rate
6.97%
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
Equity Trust Company $54,911 Investors Title Company
Metro Holdings Llc $49,000 None Available
Young Arthur L -- None Available
Wrest Larry -- U S Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Young Arthur L $24,000
Previous Owner Wrest Larry $21,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2021 08/05/21 Sold -- -- --
07/03/2021 07/03/21 Pending -- -- --
06/29/2021 06/29/21 Price Changed $54,900 -8.3% $33 / Sq Ft
06/17/2021 06/17/21 Price Changed $59,900 -7.7% $36 / Sq Ft
06/02/2021 06/02/21 For Sale $64,900 -- $39 / 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 $727 $10,860 $1,160 $9,700
2024 $693 $8,350 $1,160 $7,190
2023 $693 $8,350 $1,160 $7,190
2022 $248 $2,660 $1,160 $1,500
2021 $248 $2,660 $1,160 $1,500
2020 $241 $2,600 $1,160 $1,440
2019 $240 $2,600 $1,160 $1,440
2018 $241 $2,530 $1,160 $1,370
2017 $237 $2,530 $1,160 $1,370
2016 $240 $2,530 $1,160 $1,370
2015 $220 $2,530 $1,160 $1,370
2014 $217 $2,530 $1,160 $1,370
2013 -- $2,490 $1,160 $1,330
Source: Public Records

Agents Affiliated with this Home

  • Patrick Peterson

    Seller's Agent in 2021

    Patrick Peterson

    Peterson Homes

    (314) 503-8607

    3 in this area

    129 Total Sales

    Patrick Peterson
    Section Image
  • Doris Borgelt

    Buyer's Agent in 2021

    Doris Borgelt

    Gateway Real Estate

    (314) 494-7060

    2 in this area

    14 Total Sales

    Doris Borgelt
    Section Image
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Map

Source: MARIS MLS

MLS Number: MIS21038045

MARIS MLS

APN: 3014-00-0015-0

Missouri St. Louis City County Saint Louis 63111 Carondelet

216 Loughborough Ave, Saint Louis, MO

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