NOT LISTED FOR SALE

2511 NW Chipman Rd Lees Summit, MO 64081

Lee's Summit Neighborhood

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

4 Beds
2 Baths
1,247 Sq Ft
$212/Sq Ft Est. Value

Last Sold January 19, 2017

Current estimated payment $1,554/month

288 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Private Entrance
  • Wood Siding
  • Cedar Creek Elementary School Rated A
  • Family Room
  • 1-Story Property

About This Home

As of January 2017

The Westvale Duplex Portfolio is made up of 16 duplexes for a total of 32 Units.The portfolio is quaintly located in a subdivision with scenic grounds and large mature trees. Most units have been rehabbed with new roofs, new HVAC systems, new supply lines, and washer and dryer hookups. The unit mix is 28 two bedroom one bathroom units, 2 two bedroom two bathroom units and two three bedroom one bathroom units. The average unit size is 620 square feet. The units feature water heaters, newer HVAC, dishwashers in 8 units, washer and dryer hookups in all but 2 units and washers/dryers provided in many units. Units have excellent window lighting, are cable, internet & phone ready, newer paint, mostly tiled floors and many feature new windows.

Last Agent to Sell the Property

Brice Bradshaw

Compass Realty Group License #SP00219113 Listed on: 03/04/2016

Compass Realty Group

Co-Listed By

Laurie Bradshaw

Compass Realty Group License #BR00051128

Last Buyer's Agent

Brice Bradshaw

Compass Realty Group License #SP00219113 Listed on: 03/04/2016

Compass Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,200

Year Built

  • 1962

Lot Details

  • Private Entrance

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Family Room

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 62-220-02-04-00-0-00-000

Community Details

Overview

  • 32 Units
  • Westvale Add Subdivision

Building Details

  • Gross Income $225,432

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,200

Year Built

1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 51-75 Years
  • Legal Description: Multiple Addresses
  • Package: Yes
  • Co List Office Mls Id: RAN 03
  • Co List Office Name: ReeceNichols Overland Park
  • Co List Office Phone: 913-339-6800
  • Down Payment Deprecated: No
  • 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: Brice Bradshaw
  • List Office Mls Id: RAN 03
  • List Office Name: ReeceNichols Overland Park
  • List Office Phone: 913-339-6800
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 82629
  • Other Incentive Description: Added 4 duplexes to the package for the total sales price.
  • Other Room Features: Family Room, Private Bath
  • Special Documents Required: No
  • Tax Total Amount: 15200
  • Unit Type: 2 Bedroom, 3 Bedroom
  • Value Range Pricing: No
  • Special Features: None
  • Year Built: 1962

Interior Features

  • Interior Amenities: Private Entry
  • Basement: No
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Vinyl Siding, Wood Siding

Garage/Parking

  • Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Schools

  • School District: Lee's Summit

Lot Info

  • In Floodplain: No
  • Zoning: r3
  • Parcel Number: 62-220-02-04-00-0-00-000
  • Subdivision Name: Westvale Add

Rental Info

  • Existing Lease Terms: 12 Months

Building Info

  • Number of Units Total: 32

Multi Family

  • Gross Income: 225432
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Electricity, Legal, Maintenance, Property Insurance, Property Mgmt, Real Estate Tax, Refuse Collection, Sewer, Supplies, Water

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 15200.00

MLS Schools

  • School District: Lee's Summit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2016
Closed on
Jan 16, 2017
Sold by
Ka3 Llc
Bought by
Westvale Investment Group Llc
Seller's Agent
Brice Bradshaw
Compass Realty Group
Buyer's Agent
Brice Bradshaw
Compass Realty Group
List Price
$1,675,000
Sold Price
$1,990,000
Premium/Discount to List
$315,000
18.81%
Total Days on Market
288
Current Estimated Value
$264,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,725,640
Avg. Annual Appreciation
-21.36%
Original Mortgage
$1,608,938
Outstanding Balance
$1,345,484
Interest Rate
4.13%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$1,081,124

Purchase Details

Closed on
Jul 1, 2005
Sold by
Bank Of Lees Summit
Bought by
Chipman Properties Llc

Purchase Details

Closed on
Jan 4, 2005
Sold by
Green Ronald P and Green Paula S
Bought by
Bank Of Lees Summit
Source: Public Records

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Range of Values:

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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
Westvale Investment Group Llc $1,592,000 Thomson Affinity Title Llc
Chipman Properties Llc -- Multiple
Bank Of Lees Summit $92,000 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 $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2017 01/19/17 Sold -- -- --
12/17/2016 12/17/16 Pending -- -- --
03/04/2016 03/04/16 For Sale $1,675,000 -- $1,343 / 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 $1,809 $25,232 $5,149 $20,083
2023 $1,809 $25,232 $4,809 $20,423
2022 $1,472 $18,240 $5,111 $13,129
2021 $1,503 $18,240 $5,111 $13,129
2020 $1,332 $16,014 $5,111 $10,903
2019 $1,296 $16,014 $5,111 $10,903
2018 $892 $10,231 $1,197 $9,034
2017 $892 $10,231 $1,197 $9,034
2016 $879 $9,975 $1,368 $8,607
2014 $764 $8,550 $1,930 $6,620
Source: Public Records

Agents Affiliated with this Home

  • Brice Bradshaw

    Seller's Agent in 2017

    Brice Bradshaw

    Compass Realty Group

    (913) 375-3850

    28 Total Sales

    Brice Bradshaw
    Section Image

  • L

    Seller Co-Listing Agent in 2017

    Laurie Bradshaw

    Compass Realty Group

    (913) 558-5821

    62 Total Sales

    Laurie Bradshaw
    Section Image
See All Agents

Map

Source: Heartland MLS

MLS Number: 1979316

Heartland MLS

APN: 62-220-02-04-00-0-00-000

Missouri Jackson County Lees Summit 64081 Lee's Summit

2511 NW Chipman Rd, Lees Summit, MO

This home is located at 2511 NW Chipman Rd, Lees Summit, MO 64081 since 04 March 2016 and is currently estimated at $264,360, approximately $211 per square foot. This property was built in 1962. 2511 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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