NOT LISTED FOR SALE

220 N Pointe Ln Raymore, MO 64083

Estimated Value: $219,000 - $322,000

2 Beds
2 Baths
-- Sq Ft
1,300 Sq Ft Lot

Last Sold March 28, 2024

Current estimated payment $1,964/month

196 Days on Market

Highlights

  • Attached Garage
  • Raymore Elementary School Rated A-
  • Central Air

About This Home

As of March 2024

ATTENTION INVESTORS!!! Welcome to Raymore, a vibrant and growing city that offers a fantastic investment opportunity with this exclusive package of properties. These well-maintained and strategically located properties offer a range of possibilities for investors, developers, or those looking to expand their real estate portfolio. Portfolio package of 4 townhomes includes (2) 3 bed/ 2.5 bath and (2) 2 Bed/ 2.5 bath townhomes with lawn maintenance provided through the HOA. Each townhome includes a primary bedroom with ensuite, attached garage, back patio, open floor plan and a main level half bathroom. Each townhome is already rented, and rents are under market value so there is room to grow. You will not want to miss out on this opportunity so contact me before someone else purchases them.
Package includes the following addresses: 200 N Pointe Ln, 216 N Pointe Ln, 220 N Pointe Ln, 250 N Pointe Ln.
*Photos are of a property that is not a part of this package but is similar in condition and floor plan. *

Last Agent to Sell the Property

Mike Cordell

Auben Realty MO, LLC Brokerage Phone: 816-745-0771 License #2015010186 Listed on: 08/22/2023

Last Buyer's Agent

Al Sien

Real Broker, LLC License #SP00035628

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,851

Lot Details

  • 1,300

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Composition Roof

Utilities

  • Central Air
  • Separate Meters

Additional Features

  • 2-Story Property
  • 1,300 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 2240612
  • $0 special tax assessment

Community Details

Overview

  • 4 Units
  • Pointe @ Raymore Subdivision

Building Details

  • Gross Income $59,430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,851

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Package of Properties
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Mike Cordell
  • Listing Service: Full Service
  • List Office Mls Id: HMSCANO
  • List Office Name: Canopy Road Real Estate LLC
  • List Office Phone: 816-521-6999
  • Mls Status: Sold
  • Operating Expense: 8851
  • Age Description: 11-15 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 8851
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 1
  • Major Repair Costs: 0.00
  • Maintenance Description: Lawn
  • Package: Yes
  • Attribution Contact: 816-745-0771
  • Special Features: None

Interior Features

  • Basement: No
  • Laundry Features: Inside
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Other
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached

Utilities

  • Cooling: Electric
  • Heating: Electric
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Cooling: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 400
  • Association Fee Frequency: Monthly
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: Yes

Fee Information

  • Deposit: Platinum Title

Schools

  • Junior High Dist: Raymore-Peculiar

Lot Info

  • Lot Size Area: 1300
  • Lot Size Sq Ft: 1300
  • Parcel Number: 2240612
  • Subdivision Name: Pointe @ Raymore
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: No

Building Info

  • Number of Units Total: 4

Rental Info

  • Existing Lease Terms: Other

Multi Family

  • Gross Income: 59430
  • Current Occupancy Rate: Over 95%
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 8851

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2023
Closed on
Mar 28, 2024
Sold by
Magnify R/E Borrower Spv I Llc
Bought by
Eshan Llc
Seller's Agent
Mike Cordell
Auben Realty MO, LLC
Buyer's Agent
Al Sien
Real Broker, LLC
List Price
$1,240,000
Views
141
Current Estimated Value
$259,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-46.74%

Purchase Details

Closed on
Oct 25, 2019
Sold by
Magnify Capital Real Estate Fund Lp
Bought by
Magnify Real Estate Borrower Spv I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000,000
Interest Rate
3.7%
Mortgage Type
Commercial
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
Eshan Llc -- Platinum Title
Magnify Real Estate Borrower Spv I Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magnify Real Estate Borrower Spv I Llc $50,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2024 03/28/24 Sold -- -- --
03/09/2024 03/09/24 Pending -- -- --
01/24/2024 01/24/24 Price Changed $740,000 -21.3% --
12/12/2023 12/12/23 Price Changed $940,000 -21.0% --
10/09/2023 10/09/23 Price Changed $1,190,000 -4.0% --
08/25/2023 08/25/23 For Sale $1,240,000 0.0% --
08/25/2023 08/25/23 Price Changed $1,240,000 -- --
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
2024 $2,229 $27,390 $420 $26,970
2023 $2,226 $27,390 $420 $26,970
2022 $1,986 $24,270 $420 $23,850
2021 $1,986 $24,270 $420 $23,850
2020 $2,010 $24,130 $420 $23,710
2019 $1,940 $24,130 $420 $23,710
2018 $1,804 $21,660 $320 $21,340
2017 $1,184 $21,660 $320 $21,340
2016 $1,184 $14,760 $320 $14,440
2015 $1,185 $14,760 $320 $14,440
2014 $1,225 $15,250 $0 $15,250
2013 -- $15,570 $0 $15,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2451176

Heartland MLS

APN: 2240612