NOT LISTED FOR SALE

2603 NW Chipman Rd Lees Summit, MO 64081

Estimated Value: $253,621 - $362,000

4 Beds
2 Baths
1,247 Sq Ft
$231/Sq Ft Est. Value

Sale Details

Date Sold: November 1, 2013

Current estimated payment $1,694 / mo

46 Days on Market

Highlights

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

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

Outdoor Features

  • Patio

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

10,149 Sq Ft Lot

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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2016
Sold by
Bought by
Current Estimated Value
$288,405

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
Outstanding Balance
$42,978
Interest Rate
3.57%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$245,427

Purchase Details

Listed on
Aug 8, 2013
Closed on
Oct 28, 2013
Sold by
Bought by
Seller's Agent
Nancy Mechlin
Platinum Realty LLC
Buyer's Agent
Andrew Kogan
KW KANSAS CITY METRO
List Price
$79,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.35%

Purchase Details

Closed on
May 29, 2010
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Apr 10, 2008
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Jan 22, 2003
Sold by
Bought by

Purchase Details

Closed on
Nov 5, 2002
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 2001
Sold by
Bought by

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Alpha Title
-- Secured Title Of Kansas City
-- None Available
-- Stewart Title Company
-- Stewart Title
-- Stewart Title
-- None Available
-- Stewart Title North Title &
-- Security Land Title Company
-- Security Land Title Company
-- --
$89,500 Metro One Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $54,000
Previous Owner $47,600
Previous Owner $84,000
Previous Owner $87,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,664 $23,870 $15,223 $8,647
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

  • N

    Seller's Agent in 2013

    Nancy Mechlin

    Platinum Realty LLC

  • A

    Buyer's Agent in 2013

    Andrew Kogan

    KW KANSAS CITY METRO

    (913) 530-5904

    124 Total Sales

    Andrew Kogan
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Map

Source: Heartland MLS

MLS Number: 1845420

Heartland MLS

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

Missouri Jackson County Lee's Summit 64081

2603 NW Chipman Rd, Lee's Summit, MO

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 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.
Listings courtesy of Heartland MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888) 952-6393

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