NOT LISTED FOR SALE

Estimated Value: $124,663 - $211,000

2 Beds
2 Baths
1,150 Sq Ft
$146/Sq Ft Est. Value

Last Sold April 24, 2023

Current estimated payment $987/month

388 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Fenced
  • 1-Story Property

About This Home

As of April 2023

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON MARCH 23RD, 2023. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. Don't miss out on this great investment opportunity located in southwest Wichita! This duplex is fully rented and brings in $14,400 annually! The property sits on a corner lot with off-street parking (1 per unit), each unit has a fenced-in backyard, and a new roof was installed in 2022. Each side offers a living room with a decorative fireplace, a formal dining room with built-ins, and a galley-style kitchen with laminate countertops. Down the hall, you'll find a spacious bedroom and a full bathroom with a tub/shower combination. Both units have a large, unfinished basement with washer/dryer hookups and ample storage space! Both units are rented for $600 per month until 11/1/2023 and the tenant is responsible for paying all utilities. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $7,500

Last Agent to Sell the Property

Isaac Klingman

McCurdy Real Estate & Auction, LLC License #00244279 Listed on: 02/28/2023

Last Buyer's Agent

Isaac Klingman

McCurdy Real Estate & Auction, LLC License #00244279 Listed on: 02/28/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $716

Year Built

  • Built in 1950

Lot Details

  • 8,510 Sq Ft Lot
  • Fenced

Home Design

  • Side-by-Side
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,150 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • 2 Parking Spaces
  • Paved Parking

Schools

  • Payne Elementary School
  • Hamilton Middle School
  • West High School

Utilities

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

Listing and Financial Details

  • Tenant pays for electric, gas, water/sewer
  • The owner pays for lawn maintenance
  • Assessor Parcel Number 20173-129-31-0-23-10-011.00

Community Details

Overview

  • 2 Units
  • South University Place Addition Subdivision

Building Details

  • Gross Income $14,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$716

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Twin/Duplex
  • Style: Side By Side
  • Estimated Age: 51 - 80 Years
  • Total Specials: 16.76
  • Year Built: 1950
  • Annual Specials: 16.76
  • Estimated TFLA: 1150
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 772

Interior Features

  • Appliances: Dishwasher, Over/Range, Refrigerator
  • Floors: Carpet
  • Basement: Yes - Unfinished
  • Basement Use: Tenant Laundry, Tenant Storage
  • Number Of Stories: One

Exterior Features

  • Construction: Frame
  • Roof: Composition

Garage/Parking

  • Parking: 1 Per Unit, Paved
  • On Site Parking Spaces: 2

Utilities

  • Cooling: Central Electric
  • Flood Insurance: Unknown
  • Heating: Central Gas, Forced Air
  • Utilities: Natural Gas, Public, Sewer

Association/Amenities

  • Safety Features: Fencing

Schools

  • School District: Wichita School District (USD 259)
  • Elementary School: Payne
  • Middle School: Hamilton
  • High School: West
  • Elementary School: Payne
  • High School: West

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 8510
  • Geo ADDRESS Line: 2302 W May St
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Subdivision: KS
  • Geo Update: 03/07/2023
  • Geo Zoom Level: 16

Rental Info

  • Owner Paid Utilities: Lawn Maintenance
  • Tenant Paid Utilities: Electric, Gas, Water/Sewer

Tax Info

  • Assessor Parcel Number: 20173-129-31-0-23-10-011.00
  • General Taxes: 648.06
  • General Tax Year: 2022

Multi Family

  • Number Of Units: 2
  • Number Of 1 Bedroom Units: 2
  • Rent Per Unit 1 Bedroom: 600
  • Gross Income: 14400

MLS Schools

  • Middle School: Hamilton
  • School District: Wichita School District (USD 259)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2022
Closed on
Sep 15, 2022
Sold by
Dp Holdings Inc
Bought by
Howell Rentals Llc
Seller's Agent
Charissa Bozarth
Reece Nichols South Central Kansas
Buyer's Agent
Cameron Hill
Platinum Realty LLC
List Price
$95,000
Current Estimated Value
$167,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.05%
Original Mortgage
$462,049
Outstanding Balance
$443,999
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
-$325,010

Purchase Details

Closed on
Jul 8, 2016
Sold by
D P Holdings Inc
Bought by
Pettegrew David C and Pettegrew Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,500
Interest Rate
3.64%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Howell Rentals Llc -- Security 1St Title
Pettegrew David C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Howell Rentals Llc $462,049
Previous Owner Pettegrew David C $31,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2023 04/24/23 Sold -- -- --
03/23/2023 03/23/23 Pending -- -- --
09/26/2022 09/26/22 Sold -- -- --
08/19/2022 08/19/22 Pending -- -- --
08/15/2022 08/15/22 For Sale $95,000 +4.1% $83 / Sq Ft
02/28/2022 02/28/22 For Sale $91,300 -- $79 / Sq Ft
Source: South Central Kansas 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 $716 $8,706 $1,783 $6,923
2023 $716 $7,476 $1,369 $6,107
2022 $665 $6,429 $1,300 $5,129
2021 $674 $6,061 $472 $5,589
2020 $643 $5,774 $472 $5,302
2019 $606 $5,452 $978 $4,474
2018 $581 $5,245 $472 $4,773
2017 $581 $0 $0 $0
2016 $511 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Kansas MLS

MLS Number: 622283

South Central Kansas MLS

APN: 129-31-0-23-10-011.00