NOT LISTED FOR SALE

Estimated Value: $320,410

-- Bed
-- Bath
7,101 Sq Ft
$45/Sq Ft Est. Value

Last Sold April 07, 2022

Current estimated payment $1,958/month

14 Days on Market

Highlights

  • Brick or Stone Mason
  • Ceiling Fan
  • Fenced
  • Forced Air Heating and Cooling System
  • Laundry Facilities

About This Home

As of April 2022

How would you like have a building that has only one tenant that rents out your entire building, pays all the utilities, and leaves you to do pretty much nothing but receive rent of $3,065/month? Sound too good to be true? Well it's not because this is that building. The tenant is in a 3 year lease and rents the entire building, utilizing it for a day care and home health business. This former 4-family building has been completely re-tuckpointed, with many additional improvements including HVAC, fencing, flooring, painting, appliances, sidewalk repairs and more. The pride this tenant has in this property is very evident upon entering. Don't let this turnkey revenue opportunity pass you by.

Last Agent to Sell the Property

Doug Pratt

Epique Realty License #2015023691 Listed on: 02/08/2022

Co-Listed By

Christine Pratt

EXP Realty, LLC License #2019007478

Last Buyer's Agent

Riahna Kastner

St. Louis Real Estate Society License #2009001033

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,447

Year Built

  • Built in 1904

Lot Details

  • 3,899 Sq Ft Lot
  • Lot Dimensions are 125 x 60
  • Fenced

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Brick or Stone Mason

Interior Spaces

  • 7,101 Sq Ft Home
  • Ceiling Fan
  • Basement

Schools

  • Froebel Elem. Elementary School
  • Fanning Middle Community Ed.
  • Roosevelt High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 1622-00-0300-7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,447

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: Michigan Avenue
  • Municipality Township: St. Louis City
  • Age: 118
  • Ownership: Private
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Basement, Fencing, Laundry Facility in
  • Square Footage: 7101

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Ceiling Fan, Central-Electric
  • Heating: Forced Air

Schools

  • School District: St. Louis City
  • Elementary School: Froebel Elem.
  • Middle School: Fanning Middle Community Ed.
  • High School: Roosevelt High
  • Elementary School: Froebel Elem.
  • Junior High School: Fanning Middle Community Ed.
  • School District: St. Louis City
  • Senior High School: Roosevelt High

Lot Info

  • Lot Dimensions: 125 X 60
  • Lot Sq Ft: 3899
  • Acres: 0.0895

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: All Utilities

Multi Family

  • Gross Operating Income: 36780.00
  • Units: 1
  • Total Expenses: 5963.00
  • Type Of Units: 4-Family

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 2415
  • Assessor Parcel Number: 1622-00-0300-7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2022
Closed on
Apr 7, 2022
Sold by
L & S Fine Living Llc
Bought by
Verdant Investment Llc
Seller's Agent
Doug Pratt
Epique Realty
Buyer's Agent
Riahna Kastner
St. Louis Real Estate Society
List Price
$275,000
Current Estimated Value
$320,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.92%
Original Mortgage
$236,000
Outstanding Balance
$91,896
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$222,491

Purchase Details

Listed on
Oct 5, 2018
Closed on
Dec 19, 2018
Sold by
3129 Chippewa Llc
Bought by
L & S Fine Living Llc
Seller's Agent
Stephanie Dacey
Dacey Realty, LLC
Buyer's Agent
Doug Pratt
Epique Realty
List Price
$215,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.85%
Original Mortgage
$168,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2003
Sold by
Nelms John W and Nelms Renee
Bought by
3129 Chippewa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,900
Interest Rate
5.77%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Verdant Investment Llc -- None Listed On Document
L & S Fine Living Llc $210,000 None Available
3129 Chippewa Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Verdant Investment Llc $236,000
Closed Verdant Investment Llc $236,000
Previous Owner L & S Fine Living Llc $168,000
Previous Owner 3129 Chippewa Llc $99,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2022 04/07/22 Sold -- -- --
02/23/2022 02/23/22 Pending -- -- --
02/15/2022 02/15/22 For Sale $275,000 0.0% $39 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $275,000 +27.9% $39 / Sq Ft
12/19/2018 12/19/18 Sold -- -- --
10/05/2018 10/05/18 For Sale $215,000 -- $30 / Sq Ft
Source: MARIS 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 $2,447 $27,510 $1,550 $25,960
2024 $2,334 $27,510 $1,550 $25,960
2023 $2,334 $27,510 $1,550 $25,960
2022 $2,418 $27,510 $1,550 $25,960
2021 $2,415 $27,510 $1,550 $25,960
2020 $2,398 $27,510 $1,550 $25,960
2019 $2,390 $27,510 $1,550 $25,960
2018 $2,461 $27,510 $1,550 $25,960
2017 $2,421 $27,510 $1,550 $25,960
2016 $2,450 $27,510 $1,550 $25,960
2015 $2,232 $27,510 $1,550 $25,960
2014 $2,231 $27,510 $1,550 $25,960
2013 -- $27,510 $1,550 $25,960
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MARIS MLS

MLS Number: MIS22007926

MARIS MLS

APN: 1622-00-0300-7