NOT LISTED FOR SALE

22050 W 116th Terrace Olathe, KS 66061

Estimated Value: $502,000

3 Beds
3 Baths
2,834 Sq Ft
$177/Sq Ft Est. Value

Last Sold June 01, 2022

Current estimated payment $3,188/month

17 Days on Market

Highlights

  • 108,900 Sq Ft lot
  • No HOA
  • Forced Air Heating and Cooling System
  • Millbrooke Elementary Rated A-
  • Attached Garage
  • 1-Story Property

About This Home

As of June 2022

12 Fully developed multi-family lots, including a finished duplex! All streets and utilities are installed. Ready to pull building permits. Architecture available (see supplements). Site plans also available (see supplements). NO HOA! Duplex building has just been renovated, and is move in ready!

Last Agent to Sell the Property

Jason Meier

Weichert, Realtors Welch & Com License #SP00232895 Listed on: 03/22/2022

Weichert, Realtors Welch & Com

Co-Listed By

Cory Stewart

Weichert, Realtors Welch & Com License #SP00216801

Last Buyer's Agent

Annie Kennedy

Realty Executives License #SP00219673

Realty Executives

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,700

Lot Details

  • 2.5

Parking

  • Attached Garage

Home Design

  • Duplex
  • Composition Roof

Schools

  • Millbrooke Elementary School
  • Olathe Northwest High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Additional Features

  • 1-Story Property
  • 2.5 Acre Lot
  • Basement

Community Details

  • No Home Owners Association
  • 2 Units
  • On-Site Maintenance

Listing and Financial Details

  • Assessor Parcel Number DP73880000 0008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,700

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 6-10 Years
  • Legal Description: THE VILLAGES OF SUNNYBROOK ESTATES 6TH PLAT LT 8 EX PT REPLATTED, SUNNYBROOK ONE, and SUNNYBROOK ONE, Lot 1
  • Package: No
  • Co List Office Mls Id: GWA01
  • Co List Office Name: Weichert, Realtors Welch & Com
  • Co List Office Phone: 913-647-5700
  • 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: Jason Meier
  • List Office Mls Id: GWA01
  • List Office Name: Weichert, Realtors Welch & Com
  • List Office Phone: 913-647-5700
  • Maintenance Provided: Yes
  • Mls Status: Sold
  • Special Documents Required: No
  • Tax Total Amount: 12700
  • Unit Type: 3 Bedroom, 4 Bedroom Or More
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Laundry Features: Inside
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Stucco & Frame

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Telecommunications: High Speed Internet - Available
  • Utilities: Separate Meters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager
  • Association Fee Frequency: Annually

Association/Amenities

  • Association: No

Schools

  • School District: Olathe
  • Elementary School: Millbrooke
  • Middle School: Prairie Trail
  • High School: Olathe Northwest
  • Middle/Junior School: Prairie Trail

Lot Info

  • In Floodplain: No
  • Zoning: rp-3
  • Lot Size Area: 2.50
  • Lot Size Area Units: Acres
  • Lot Size Sq Ft: 108900.00
  • Parcel Number: DP73880000 0008

Rental Info

  • Existing Lease Terms: None

Building Info

  • Number of Units Total: 2

Multi Family

  • Current Occupancy Rate: Vacant
  • Operating Expenses Include: Other

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 12700.00

MLS Schools

  • Elementary School: Millbrooke
  • School District: Olathe
  • High School: Olathe Northwest

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2022
Closed on
Jun 8, 2022
Sold by
Boulder Creek Developers Llc
Bought by
Lipp Theresa K
Seller's Agent
Jason Meier
Weichert, Realtors Welch & Com
Buyer's Agent
Annie Kennedy
Realty Executives
List Price
$1,205,500
Current Estimated Value
$502,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-23.62%
Original Mortgage
$250,000
Outstanding Balance
$237,938
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$264,062
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
Lipp Theresa K -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lipp Theresa K $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2022 06/01/22 Sold -- -- --
04/08/2022 04/08/22 Pending -- -- --
03/23/2022 03/23/22 Price Changed $1,258,000 +4.4% $444 / Sq Ft
03/22/2022 03/22/22 For Sale $1,205,500 -- $425 / 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 $6,565 $57,857 $2,841 $55,016
2023 $6,353 $55,120 $2,841 $52,279
2022 $4,900 $41,492 $2,369 $39,123
2021 $4,898 $39,549 $2,151 $37,398
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2371526

Heartland MLS

APN: DP72980000-0002