NOT LISTED FOR SALE

256 S Rutan Ave Unit 3402-3406-3408 E Wat Wichita, KS 67218

College Hill Neighborhood

Estimated Value: $250,000 - $376,588

5 Beds
6 Baths
2,528 Sq Ft
$124/Sq Ft Est. Value

Last Sold May 12, 2017

Current estimated payment $1,915/month

17 Days on Market

Highlights

  • 4 Car Attached Garage
  • Heating System Uses Gas
  • 5-minute walk to College Hill Park
  • Central Air
  • 1-Story Property

About This Home

As of May 2017

Great Income Property close to the College Hill area, fully rented - 256 S. Rutan and 3402 E Waterman & 3406-3408 E Waterman.

Last Agent to Sell the Property

Sissy Koury

Berkshire Hathaway PenFed Realty License #SP00229151 Listed on: 03/06/2017

Last Buyer's Agent

Sissy Koury

Berkshire Hathaway PenFed Realty License #SP00229151 Listed on: 03/06/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,705

Year Built

  • Built in 1945

Lot Details

  • 0.26 Acre Lot

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2,528 Sq Ft Home
  • 1-Story Property
  • Apartment Living Space in Basement
  • Oven or Range

Parking

  • 4 Car Attached Garage
  • On-Street Parking

Schools

  • College Hill Elementary School
  • Robinson Middle School
  • East High School

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • 4 Units
  • Gross Income $22,800

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for lawn maintenance, trash, water/sewer
  • Assessor Parcel Number 20173-126-23-0-32-06-005.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,705

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Four To Sixplex
  • Estimated Age: 51 - 80 Years
  • Total Specials: 24.4
  • Year Built: 1945
  • Annual Specials: 24.4
  • Estimated TFLA: 2528
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 772

Interior Features

  • Appliances: Over/Range, Refrigerator
  • Floors: Carpet
  • Basement Use: Separate Apartments
  • Number Of Stories: One

Exterior Features

  • Construction: Frame
  • Roof: Composition

Garage/Parking

  • Parking: Street Parking, Attached Garage
  • On Site Parking Spaces: 4

Utilities

  • Cooling: Individual Unit, Central Electric
  • Flood Insurance: Unknown
  • Heating: Central Gas, Individual Unit
  • Utilities: Natural Gas, Public, Sewer

Schools

  • School District: Wichita School District (USD 259)
  • Elementary School: College Hill
  • Middle School: Robinson
  • High School: East
  • Elementary School: College Hill
  • High School: East

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 11209
  • Geo ADDRESS Line: 256 S Rutan St
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Secondary City: Sedgwick Co.
  • Geo Subdivision: KS
  • Geo Update: 05/15/2017
  • Geo Zoom Level: 16

Rental Info

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

Tax Info

  • Assessor Parcel Number: 20173-126-23-0-32-06-005.00
  • General Taxes: 1789.03
  • General Tax Year: 2016

Multi Family

  • Number Of Units: 4
  • Number Of 1 Bedroom Units: 3
  • Number Of 2 Bedroom Units: 1
  • Number Of Efficiency Units: 4
  • Rent Per Unit 1 Bedroom: 400.00, 400.00, 500.00
  • Rent Per Unit 2 Bedroom: 600.00
  • Rent Per Unit Efficiency: 100
  • Gross Income: 22800

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2017
Closed on
May 12, 2017
Sold by
Water Lane Apartments Llc
Bought by
Farha Brothers Llc
Seller's Agent
Sissy Koury
Berkshire Hathaway PenFed Realty
Buyer's Agent
Sissy Koury
Berkshire Hathaway PenFed Realty
List Price
$187,000
Current Estimated Value
$310,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.07%
Original Mortgage
$132,000
Outstanding Balance
$110,415
Interest Rate
4.14%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$203,123

Purchase Details

Closed on
Aug 11, 2005
Sold by
Cook Construction Llc
Bought by
Wichita Home & Garden Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,400
Interest Rate
5.51%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Farha Brothers Llc -- Security 1St Title Llc
Wichita Home & Garden Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farha Brothers Llc $132,000
Previous Owner Waterlane Apartments Llc $112,500
Previous Owner Wichita Home & Garden Inc $110,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2017 05/12/17 Sold -- -- --
03/23/2017 03/23/17 Pending -- -- --
03/06/2017 03/06/17 For Sale $187,000 -- $74 / 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 $2,705 $26,612 $5,762 $20,850
2023 $2,705 $22,506 $3,669 $18,837
2022 $2,125 $18,895 $3,462 $15,433
2021 $2,133 $18,423 $2,415 $16,008
2020 $2,088 $17,971 $2,415 $15,556
2019 $2,051 $17,621 $2,415 $15,206
2018 $1,887 $16,237 $1,679 $14,558
2017 $1,929 $0 $0 $0
2016 $1,813 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sissy Koury

    Seller's Agent in 2017

    Sissy Koury

    Berkshire Hathaway PenFed Realty

    (316) 409-9955

    5 in this area

    212 Total Sales

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Map

Source: South Central Kansas MLS

MLS Number: 531998

South Central Kansas MLS

APN: 126-23-0-32-06-005.00

Kansas Sedgwick County Wichita 67218 College Hill

256 S Rutan Ave Unit 3402-3406-3408 E Wat, Wichita, KS

This home is located at 256 S Rutan Ave Unit 3402-3406-3408 E Wat, Wichita, KS 67218 since 06 March 2017 and is currently estimated at $313,294, approximately $123 per square foot. This property was built in 1945. 256 S Rutan Ave Unit 3402-3406-3408 E Wat is a home located in Sedgwick County with nearby schools including College Hill Elementary School, Wichita High School East, and Robinson Middle School.

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South Central Kansas MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. © 1993-2025 South Central Kansas Multiple Listing Service, Inc. All rights reserved.

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