NOT LISTED FOR SALE

2507 NW Chipman Rd Lees Summit, MO 64081

Lee's Summit Neighborhood

Estimated Value: $242,000 - $307,000

6 Beds
2 Baths
1,591 Sq Ft
$170/Sq Ft Est. Value

Last Sold February 17, 2016

Current estimated payment $1,673/month

4 Days on Market

Highlights

  • Central Heating and Cooling System
  • Cedar Creek Elementary School Rated A
  • 1-Story Property

About This Home

As of February 2016

Buy one or 2 duplexes in close in Lee's Summit. Just off I470 and View High drive, this is an AFFORDABLE first time investor building. Owner has done a lot of work, and where on earth can you find a building for this price in such a nice city!! NEW ROOF. Manage yourself, live in one side, or use current professional property management company.

Last Agent to Sell the Property

Robin Krieger

Keller Williams Realty Partner License #SP00016095 Listed on: 01/18/2016

Keller Williams Realty Partner

Last Buyer's Agent

Marshall Stapleton

Berkshire Hathaway HomeServices All-Pro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,273

Year Built

  • Built in 1962

Lot Details

  • Lot Dimensions are 60x80

Home Design

  • Duplex
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,591 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Schools

  • Cedar Creek Elementary School
  • Lee's Summit West High School

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 62-220-02-02-00-0-00-000

Community Details

Overview

  • 2 Units
  • Westvale Add Subdivision

Building Details

  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,273

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 51-75 Years
  • Legal Description: Westvale Add Replat Of Lots 9-28
  • Package: Optional
  • Year Built: 1962
  • Senior Community: No
  • Down Payment Deprecated: Yes
  • Exclude From Reports: No
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: No
  • Internet Consumer Comment: Yes
  • Internet Entire Listing Display: Yes
  • List Agent Full Name: Robin Krieger
  • List Office Mls Id: KW01
  • List Office Name: Keller Williams Realty Partner
  • List Office Phone: 913-906-5400
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 2200
  • Other Incentive Description: 2 buildings sold together 2507 and 2509 Chipman
  • Special Documents Required: No
  • Tax Total Amount: 1273
  • Unit Type: 3 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Interior Amenities: Apply To All Units
  • Basement: No
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Vinyl Siding

Garage/Parking

  • Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Electric
  • Heating: Central Gas
  • Sewer: City/Public
  • Telecommunications: Metro Free
  • Utilities: Separate Meters
  • Cooling: Yes
  • Security Features: Smoke Detector
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt

Schools

  • School District: Lee's Summit
  • Elementary School: Cedar Creek
  • Middle School: Summit Lakes
  • High School: Lee's Summit West
  • Middle/Junior School: Summit Lakes

Lot Info

  • In Floodplain: No
  • Zoning: r2
  • Building Area Total: 1591.00
  • Lot Dimensions: 60x80
  • Parcel Number: 62-220-02-02-00-0-00-000
  • Subdivision Name: Westvale Add

Rental Info

  • Existing Lease Terms: Negotiable

Building Info

  • Number of Units Total: 2

Multi Family

  • Gross Income: 13200
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Property Insurance, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 1273.00

MLS Schools

  • Elementary School: Cedar Creek
  • School District: Lee's Summit
  • High School: Lee's Summit West

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2017
Sold by
Ka3 Llc
Bought by
Westvale Investment Group Llc
Total Days on Market
4
Current Estimated Value
$270,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,608,938
Outstanding Balance
$1,351,795
Interest Rate
4.13%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$1,091,990

Purchase Details

Closed on
Jan 3, 2014
Sold by
Lammers Kevin L and Lammers Elizabeth A
Bought by
Equity Development Group Llc

Purchase Details

Closed on
Mar 1, 2013
Sold by
Equity Development Group Llc
Bought by
Lammmers Kevin L and Lammers Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,082
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2008
Sold by
Lammers Kevin and Lammers Beth
Bought by
Equity Development Group Llc

Purchase Details

Closed on
Apr 10, 2008
Sold by
Northland National Bank
Bought by
Lammers Kevin and Lammers Beth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2005
Sold by
Northland National Bank
Bought by
Frances Properties Llc
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
Westvale Investment Group Llc $1,592,000 Thomson Affinity Title Llc
Equity Development Group Llc -- None Available
Lammmers Kevin L -- None Available
Equity Development Group Llc -- Assured Quality Title Co
Lammers Kevin -- Stewart Title North Title &
Frances Properties Llc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Westvale Investment Group Llc $1,608,938
Previous Owner Ka3 Llc $71,550
Previous Owner Lammers Kevin L $81,082
Previous Owner Lammers Kevin $84,000
Previous Owner Frances Properties Llc $583,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2016 02/17/16 Sold -- -- --
01/22/2016 01/22/16 Pending -- -- --
01/18/2016 01/18/16 For Sale $75,000 -- $47 / 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 $1,926 $26,866 $5,149 $21,717
2023 $1,926 $26,866 $4,813 $22,053
2022 $2,009 $24,890 $5,111 $19,779
2021 $2,051 $24,890 $5,111 $19,779
2020 $1,814 $21,797 $5,111 $16,686
2019 $1,764 $21,797 $5,111 $16,686
2018 $1,215 $13,934 $1,630 $12,304
2017 $1,215 $13,934 $1,630 $12,304
2016 $1,197 $13,585 $1,349 $12,236
2014 $1,273 $14,250 $1,930 $12,320
Source: Public Records

Agents Affiliated with this Home

  • Robin Krieger

    Seller's Agent in 2016

    Robin Krieger

    Keller Williams Realty Partner

    (913) 485-2620

    1 in this area

    28 Total Sales

    Robin Krieger
    Section Image
  • Marshall Stapleton

    Buyer's Agent in 2016

    Marshall Stapleton

    Berkshire Hathaway HomeServices All-Pro

    (816) 213-0000

    1 in this area

    24 Total Sales

    Marshall Stapleton
    Section Image
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Map

Source: Heartland MLS

MLS Number: 1972098

Heartland MLS

APN: 62-220-02-02-00-0-00-000

Missouri Jackson County Lees Summit 64081 Lee's Summit

2507 NW Chipman Rd, Lees Summit, MO

This home is located at 2507 NW Chipman Rd, Lees Summit, MO 64081 since 18 January 2016 and is currently estimated at $270,335, approximately $169 per square foot. This property was built in 1962. 2507 NW Chipman Rd is a home located in Jackson County with nearby schools including Cedar Creek Elementary School, Pleasant Lea Middle School, and Lee's Summit Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Heartland MLS Based on information submitted to the MLS GRID as of [see last changed date above]. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888)952-6393

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