NOT LISTED FOR SALE

233 Rainbow Dr Sedalia, MO 65301

Estimated Value: $151,000 - $175,000

3 Beds
1 Bath
-- Sq Ft
0.36 Acres

Last Sold March 06, 2018

Current estimated payment $1,237/month

300 Days on Market

About This Home

As of March 2018

See attached Executive Summary. 6 SFH package Sedalia MO. All 100% leased. Under professional property management. 10.5% cap 20% cash on cash with management and vacancy factor included. Sedalia, Missouri is a city located about 30 miles (48 km) south of the Missouri River in Pettis County. As of the 2010 census, the city had a total population of 21,387. As the county seat of Pettis County, it is the principal city of the Sedalia Micropolitan Statistical Area, which consists of Pettis County. Home of Missouri State Fair and the Scott Joplin Ragtime Festival. U.S. Routes 50 and 65 intersect in the city. Market rents range from $450 to $1,200.00. Home ownership 55%. Rental homes / multi family 44% of market. Several large employers and large rail head.

Last Agent to Sell the Property

Charlene Bishop

RE/MAX TRUMAN LAKE License #1999056744 Listed on: 05/05/2017

RE/MAX TRUMAN LAKE

Last Buyer's Agent

Charlene Bishop

RE/MAX TRUMAN LAKE License #1999056744 Listed on: 05/05/2017

RE/MAX TRUMAN LAKE

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,713

Lot Details

  • 0.36

Parking

  • Off-Street Parking

Home Design

  • Composition Roof

Additional Features

  • 2-Story Property
  • Cooling Available
  • Basement

Community Details

  • 6 Units
  • Gross Income $48,000

Property Details

Property Type

Other

Est. Annual Taxes

$2,713

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Package of Properties
  • Age Description: 51-75 Years
  • Package: Yes
  • 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: Chuck Gray
  • List Office Mls Id: RMX 81
  • List Office Name: RE/MAX Truman Lake
  • List Office Phone: 660-885-2201
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 15043
  • Special Documents Required: No
  • Tax Total Amount: 2713
  • Unit Type: 2 Bedroom, 3 Bedroom, 4 Bedroom Or More
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Other

Garage/Parking

  • Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Other
  • Heating: Other
  • Sewer: City/Public
  • Utilities: Other
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt

Lot Info

  • In Floodplain: No
  • Zoning: r
  • Parcel Number: 999999

Rental Info

  • Existing Lease Terms: 12 Months

Building Info

  • Number of Units Total: 6

Multi Family

  • Gross Income: 48000
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Other

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 2713.00

MLS Schools

  • School District: Sedalia

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2017
Closed on
Feb 27, 2018
Sold by
Josh Clark and Josh Mary J
Bought by
Potts Dennis and Potts Jackie
Seller's Agent
Charlene Bishop
RE/MAX TRUMAN LAKE
Buyer's Agent
Charlene Bishop
RE/MAX TRUMAN LAKE
List Price
$300,000
Current Estimated Value
$224,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.10%
Original Mortgage
$52,000
Outstanding Balance
$44,195
Interest Rate
4.04%
Mortgage Type
New Conventional
Estimated Equity
$118,138
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Potts Dennis $65,000 Pettis Cnty Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Potts Dennis $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2018 03/06/18 Sold -- -- --
03/01/2018 03/01/18 Pending -- -- --
05/05/2017 05/05/17 For Sale $300,000 -- --
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 $881 $13,770 $3,340 $10,430
2023 $852 $13,770 $3,340 $10,430
2022 $775 $12,610 $3,030 $9,580
2021 $768 $12,610 $3,030 $9,580
2020 $770 $12,650 $3,030 $9,620
2019 $765 $10,560 $2,170 $8,390
2017 $641 $10,560 $2,170 $8,390
2016 $634 $10,560 $2,170 $8,390
2015 $635 $10,560 $2,170 $8,390
2014 $590 $9,950 $1,730 $8,220
2013 -- $9,950 $1,730 $8,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2044752

Heartland MLS

APN: 153005205010000