NOT LISTED FOR SALE

315 N 2nd Ave Mulvane, KS 67110

Estimated Value: $241,000

8 Beds
4 Baths
3,600 Sq Ft
$67/Sq Ft Est. Value

Last Sold April 30, 2020

Current estimated payment $1,666/month

2 Days on Market

Highlights

  • 23,086 Sq Ft lot
  • Central Air
  • 3-minute walk to Nessley Auto Park
  • 8 Car Detached Garage
  • 1-Story Property

About This Home

As of April 2020

Very well maintained fourplex located within blocks of downtown Mulvane. These units have had many upgrades and 3 are currently rented. 2 units are located on the upper portion and 2 are lower level units. Each unit comes with microwave, fridge, dishwasher, and garbage disposal. All four units have washer and dryer hook ups. Detached garages with electronic door openers located on the property. Two units have two car garages and two units have single car garage. All Four units are two bedroom one bath that rent for $700 and $725 depending on size of garage. This would be a great investor opportunity in an adorable small town!

Last Agent to Sell the Property

Rachel Westmoreland

Berkshire Hathaway PenFed Realty License #00243664 Listed on: 04/14/2020

Berkshire Hathaway PenFed Realty

Last Buyer's Agent

Sue Wenger

Reece Nichols South Central Kansas License #00023339

Reece Nichols South Central Kansas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,887

Year Built

  • Built in 1940

Lot Details

  • 0.53 Acre Lot

Home Design

  • Converted Dwelling
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,600 Sq Ft Home
  • 1-Story Property
  • Finished Basement
  • Apartment Living Space in Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Parking

  • 8 Car Detached Garage
  • Over 1 Space Per Unit

Schools

  • Mulvane/Munson Elementary School
  • Mulvane Middle School
  • Mulvane High School

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, gas, trash, water/sewer
  • The owner pays for lawn maintenance
  • Assessor Parcel Number 20173-239-31-0-44-06-006.00

Community Details

Overview

  • 4 Units
  • Helberts Subdivision

Building Details

  • Gross Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,887

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Four To Sixplex
  • Style: Converted House
  • Estimated Age: 51 - 80 Years
  • Total Specials: 31.2
  • Year Built: 1940
  • Annual Specials: 31.2
  • Estimated TFLA: 3600
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 772

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Over/Range, Refrigerator
  • Basement: Yes - Finished
  • Basement Use: Separate Apartments
  • Number Of Stories: One

Exterior Features

  • Construction: Stucco
  • Roof: Composition

Garage/Parking

  • Parking: 2 Per Unit, Detached Garage
  • On Site Parking Spaces: 8

Utilities

  • Cooling: Central Electric
  • Flood Insurance: Unknown
  • Heating: Central Gas
  • Utilities: Natural Gas

Schools

  • School District: Mulvane School District (USD 263)
  • Elementary School: Mulvane/Munson
  • Middle School: Mulvane
  • High School: Mulvane
  • Elementary School: Mulvane/Munson
  • High School: Mulvane

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 23,086
  • Geo ADDRESS Line: 315 N 2nd Ave
  • Geo PRIMARY City: Mulvane
  • Geo Quality: 0.95
  • Geo Subdivision: KS
  • Geo Update: 04/14/2020
  • Geo Zoom Level: 16

Rental Info

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

Tax Info

  • Assessor Parcel Number: 20173-239-31-0-44-06-006.00
  • General Taxes: 2967.26
  • General Tax Year: 2019

Multi Family

  • Number Of Units: 4
  • Number Of 2 Bedroom Units: 4
  • Rent Per Unit 2 Bedroom: 700
  • Gross Income: 33600

MLS Schools

  • Middle School: Mulvane
  • School District: Mulvane School District (USD 263)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2021
Sold by
Smith Nolan and Smith Aubree L
Bought by
Drake Dwellings Llc
Current Estimated Value
$241,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,077
Outstanding Balance
$452,626
Interest Rate
2.33%
Estimated Equity
-$225,626

Purchase Details

Closed on
Sep 30, 2011
Sold by
Collins Pamela K and Collins Gregg E
Bought by
Ekb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,500
Interest Rate
4.24%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 16, 1999
Sold by
Swope Stanley C and Swope Maureen
Bought by
Ipock Michael B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,050
Interest Rate
6.78%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Drake Dwellings Llc -- Security 1St Title
Ekb Llc -- Security 1St Title
Ipock Michael B -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drake Dwellings Llc $526,077
Previous Owner Ekb Llc $124,500
Previous Owner Collins Gregg E $170,000
Previous Owner Ipock Michael B $61,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2020 04/30/20 Sold -- -- --
04/16/2020 04/16/20 Pending -- -- --
04/14/2020 04/14/20 For Sale $210,000 -- $58 / 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
2023 $3,887 $23,856 $2,726 $21,130
2022 $3,905 $26,152 $2,565 $23,587
2021 $3,403 $24,438 $2,565 $21,873
2020 $3,060 $22,196 $2,565 $19,631
2019 $2,998 $21,011 $2,565 $18,446
2018 $2,815 $20,401 $2,507 $17,894
2017 $2,815 $0 $0 $0
2016 $2,712 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Kansas MLS

MLS Number: 579916

South Central Kansas MLS

APN: 239-31-0-44-06-006.00