NOT LISTED FOR SALE

Estimated Value: $214,000 - $307,000

4 Beds
2 Baths
1,247 Sq Ft
$207/Sq Ft Est. Value

Last Sold November 01, 2013

Current estimated payment $1,671/month

46 Days on Market

Highlights

  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Cedar Creek Elementary School Rated A
  • Carpet

About This Home

As of November 2013

What an ideal investment opportunity in Lee's Summit MO! These units rent so fast. The school district is one of the most sought after in the state. Great income and potential equity growth in a LOW crime rate area.
This one just makes sense!!

Last Agent to Sell the Property

Nancy Mechlin

Platinum Realty LLC License #1999138651 Listed on: 08/08/2013

Last Buyer's Agent

Andrew Kogan

KW KANSAS CITY METRO License #SP00227775

KW KANSAS CITY METRO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,217

Year Built

  • Built in 1962

Lot Details

  • 10,149

Parking

  • Assigned Parking

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Carpet
  • Eat-In Kitchen

Schools

  • Lee's Summit West High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 62-220-02-07-00-0-00-000

Community Details

Overview

  • 2 Units
  • Westvale Add Subdivision

Building Details

  • Gross Income $13,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,217

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-- LOT 15 (EX N 20' IN RD)
  • Package: Optional
  • Year Built: 1962
  • Dining Area Features: Eat-In Kitchen
  • Down Payment Deprecated: 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: Nancy Mechlin
  • List Office Mls Id: MOHO
  • List Office Name: More Homes LLC
  • List Office Phone: 816-260-6883
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 1217
  • Other Room Features: Private Bath
  • Special Documents Required: No
  • Tax Total Amount: 1217
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Flooring: Carpeted Floors
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage: No
  • Parking Features: Assigned Parking

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: Off-Site Mgmt

Schools

  • School District: Lee's Summit
  • High School: Lee's Summit West

Lot Info

  • In Floodplain: No
  • Zoning: multi
  • Parcel Number: 62-220-02-07-00-0-00-000
  • Subdivision Name: Westvale Add

Rental Info

  • Existing Lease Terms: 12 Months

Building Info

  • Number of Units Total: 2

Multi Family

  • Gross Income: 13800
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 1217.00

MLS Schools

  • School District: Lee's Summit
  • High School: Lee's Summit West

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2016
Sold by
Piel Brian and Piel Lauren
Bought by
West Wind Realty 2603 Chipman Series Llc
Total Days on Market
46
Current Estimated Value
$258,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
3.57%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Aug 8, 2013
Closed on
Oct 28, 2013
Sold by
Kc2 Properties Llc
Bought by
Piel Brian
Seller's Agent
Nancy Mechlin
Platinum Realty LLC
Buyer's Agent
Andrew Kogan
KW KANSAS CITY METRO
List Price
$79,900
Sold Price
$74,000
Premium/Discount to List
-$5,900
-7.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.07%
Original Mortgage
$55,500
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2010
Sold by
Warley Thomas H
Bought by
Kc2 Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,600
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2010
Sold by
Astra Financial I Llc
Bought by
Warley Thomas Holcomb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,600
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2010
Sold by
Morreale Anthony and Kramer Alanna
Bought by
Astra Financial I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,600
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2010
Sold by
Morreale Anthony
Bought by
Astra Financial I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,600
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2009
Sold by
Morreale & Associates Llc
Bought by
Astra Financial I 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
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2004
Sold by
Bank Of Lees Summit Corp
Bought by
Morreale & Associates Llc

Purchase Details

Closed on
Jan 22, 2003
Sold by
Dye Charles H and Dye Terri A
Bought by
Kilgore James R and Kilgore Deborah M

Purchase Details

Closed on
Nov 5, 2002
Sold by
Kilgore James R and Kilgore Deborah M
Bought by
Dye Charles H and Dye Terri A

Purchase Details

Closed on
Aug 1, 2001
Sold by
Westvale Properties Ltd
Bought by
M & R Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
7.05%
Mortgage Type
Seller Take Back
Source: Public Records

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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
West Wind Realty 2603 Chipman Series Llc -- Alpha Title
Piel Brian -- Secured Title Of Kansas City
Kc2 Properties Llc -- None Available
Warley Thomas Holcomb -- Stewart Title Company
Astra Financial I Llc -- Stewart Title
Astra Financial I Llc -- Stewart Title
Astra Financial I Llc -- None Available
Lammers Kevin -- Stewart Title North Title &
Morreale & Associates Llc -- Security Land Title Company
Kilgore James R -- Security Land Title Company
Dye Charles H -- --
M & R Construction Llc $89,500 Metro One Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open West Wind Realty 2603 Chipman $48,193
Closed West Wind Realty 2603 Chipman Series Llc $54,000
Previous Owner Piel Brian $55,500
Previous Owner Warley Thomas Holcomb $47,600
Previous Owner Lammers Kevin $84,000
Previous Owner M & R Construction Llc $87,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2013 11/01/13 Sold -- -- --
09/23/2013 09/23/13 Pending -- -- --
08/08/2013 08/08/13 For Sale $79,900 -- $64 / 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 $2,741 $23,047 $6,270 $16,777
2023 $2,741 $23,047 $6,095 $16,952
2022 $1,457 $18,050 $1,844 $16,206
2021 $1,487 $18,050 $1,844 $16,206
2020 $1,312 $15,764 $1,844 $13,920
2019 $1,276 $15,764 $1,844 $13,920
2018 $1,197 $13,720 $1,605 $12,115
2017 $1,197 $13,720 $1,605 $12,115
2016 $1,179 $13,376 $2,147 $11,229
2014 $1,226 $13,636 $1,930 $11,706
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 1845420

Heartland MLS

APN: 62-220-02-07-00-0-00-000