NOT LISTED FOR SALE

3155 Gustine Ave Saint Louis, MO 63116

Tower Grove South Neighborhood

Estimated Value: $530,487 - $598,000

Studio
4 Baths
4,394 Sq Ft
$128/Sq Ft Est. Value

Sale Details

Date Sold: June 9, 2021

Current estimated payment $3,279 / mo

12 Days on Market

About This Home

As of June 2021

BACK ON DUE TO BUYER FINANCING - UPDATE new top rent is at $1075 - Looking for an investment property or a new home in the heart of Tower grove south? We have a large 4 family just south of the park, botanical gardens, & Slu. Walk to tons of hotspots: King & I, Rooster, Pho Grand and Starbucks just to name a few. The building was gut rehabbed: new plumbing, piping, roof (brand new 2021), windows, electric - the list goes on and on. Units are nice 2 bed + 1 bath - approx. 1000 + sq ft with basic kitchens and baths, spacious floor plans and hardwood floors. There is tons of upside to push rents, add some personal touches to increase equity or sit back and just collect cash flow. Get in north of an 8 + cap rate.

Last Agent to Sell the Property

Sid Chakraverty

St. Louis Apartment Experts, LLC License #2004024931 Listed on: 04/15/2021

Last Buyer's Agent

Krissy Hof

ReeceNichols Real Estate License #2014043493

ReeceNichols Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910 | Remodeled

Lot Details

  • 5,750 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 4,394 Sq Ft Home
  • Quadruplex
  • Brick or Stone Mason

Schools

  • Adams Elem. Elementary School
  • Blewett Middle School
  • Beaumont Cte High School

Utilities

  • Forced Air Heating and Cooling System
  • Mini Split Air Conditioners
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electric, sewer, trash removal, water
  • Assessor Parcel Number 5059-06-0240-0

Property Details

Home Type

Multi-Family

Year Built

Built in 1910 | Remodeled

Lot Details

5,750 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: Hartford
  • Municipality Township: St. Louis City
  • Special Description: Rehabbed, Renovated
  • Age: 111
  • Ownership: Private
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 4394

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Central-Electric, Individual Units
  • Heating: Forced Air

Schools

  • Elementary School: Adams Elem.
  • Junior High School: Blewett Middle
  • School District: St. Louis City
  • Senior High School: Beaumont Cte High School

Lot Info

  • Lot Dimensions: 70*77
  • Lot Sq Ft: 5750
  • Acres: 0.1320

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Electric, Sewer, Trash Removal, Water

Multi Family

  • Gross Operating Income: 44940.00
  • Total Expenses: 9315.00
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 1601
  • Assessor Parcel Number: 5059-06-0240-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2021
Closed on
Jun 9, 2021
Sold by
Vas Construction Llc
Bought by
Whitman Gustine Llc
Seller's Agent
Sid Chakraverty
St. Louis Apartment Experts, LLC
Buyer's Agent
Krissy Hof
ReeceNichols Real Estate
List Price
$475,000
Current Estimated Value
$562,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.23%
Original Mortgage
$368,000
Outstanding Balance
$330,261
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$232,361

Purchase Details

Closed on
Mar 22, 2013
Sold by
Justine Mackay Llc
Bought by
Murray Edward and Murray Ruth

Purchase Details

Closed on
Jun 26, 2012
Sold by
Murray Edward and Murray Ruth
Bought by
Justine Mackay Llc

Purchase Details

Closed on
Apr 7, 2011
Sold by
Murray Edward and Murray Ruth
Bought by
Murray Edward and Murray Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
4.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2010
Sold by
Eighteen Investments Inc
Bought by
Murray Edward

Purchase Details

Closed on
Oct 15, 2008
Sold by
Midwest Real Estate Investment Group Inc
Bought by
Eighteen Investments Inc

Purchase Details

Closed on
Mar 28, 2007
Sold by
Eighteen Investments Inc
Bought by
Midwest Real Estate Investment Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
6.3%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 24, 2004
Sold by
Victor Llc
Bought by
Eighteen Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,550
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2003
Sold by
Sebring Craig and National City Mortgage Co
Bought by
Victor Llc

Purchase Details

Closed on
Oct 18, 2002
Sold by
Morgan Todd and Morgan Stacy
Bought by
Sebring Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,800
Interest Rate
6.13%

Purchase Details

Closed on
Oct 24, 2001
Sold by
Saige Properties Lc
Bought by
Morgan Todd and Morgan Stacy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,617
Interest Rate
6.59%

Purchase Details

Closed on
Oct 29, 1998
Sold by
Sprous Irvin M
Bought by
George Jim and George James K

Purchase Details

Closed on
Mar 9, 1998
Sold by
Sprous Cindy J
Bought by
Sprous Irvin M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Whitman Gustine Llc $460,000 Old Republic Title
Murray Edward -- None Available
Justine Mackay Llc -- None Available
Murray Edward -- Ctc
Murray Edward -- Ctc
Eighteen Investments Inc $75,000 None Available
Midwest Real Estate Investment Group Inc -- None Available
Eighteen Investments Inc -- --
Victor Llc $134,579 --
Sebring Craig -- Capital Title
Morgan Todd -- Nations Title Agency Inc
Saige Properties Lc -- Nations Title Agency Inc
Properties By George Inc -- Nations Title Agency Inc
George Jim -- Land Title Company
Sprous Irvin M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitman Gustine Llc $368,000
Previous Owner Murray Edward $182,000
Previous Owner Midwest Real Estate Investment Group Inc $166,500
Previous Owner Eighteen Investments Inc $172,550
Previous Owner Sebring Craig $127,800
Previous Owner Morgan Todd $56,617
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/09/2021 06/09/21 Sold -- -- --
04/27/2021 04/27/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $475,000 0.0% $108 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $475,000 +18.8% $108 / Sq Ft
01/15/2021 01/15/21 Sold -- -- -- View Prior Sale
11/29/2020 11/29/20 Pending -- -- --
11/28/2020 11/28/20 For Sale $400,000 -- $91 / Sq Ft
Source: MARIS MLS

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 $3,802 $55,130 $3,270 $51,860
2024 $3,617 $45,090 $3,270 $41,820
2023 $3,617 $45,090 $3,270 $41,820
2022 $1,748 $20,810 $3,270 $17,540
2021 $1,746 $20,810 $3,270 $17,540
2020 $1,601 $19,210 $3,270 $15,940
2019 $1,596 $19,210 $3,270 $15,940
2018 $1,313 $15,260 $2,850 $12,410
2017 $1,291 $15,260 $2,850 $12,410
2016 $1,044 $12,120 $2,850 $9,270
2015 $948 $12,120 $2,850 $9,270
2014 $906 $12,120 $2,850 $9,270
2013 -- $11,570 $2,850 $8,720
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sid Chakraverty

    St. Louis Apartment Experts, LLC

    Section Image
  • Joseph Hostman

    Seller's Agent in 2021

    Joseph Hostman

    RE/MAX

    (314) 707-2476

    26 in this area

    260 Total Sales

    Joseph Hostman
    Section Image
  • Krissy Hof

    Buyer's Agent in 2021

    Krissy Hof

    ReeceNichols Real Estate

    (314) 691-4140

    5 in this area

    154 Total Sales

    Krissy Hof
    Section Image
  • Kathy Bresnahan

    Buyer's Agent in 2021

    Kathy Bresnahan

    RedKey Realty Leaders

    (314) 322-4492

    6 in this area

    106 Total Sales

    Kathy Bresnahan
    Section Image
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Map

Source: MARIS MLS

MLS Number: MIS21023694

MARIS MLS

APN: 5059-06-0240-0

Missouri St. Louis City County Saint Louis 63116 Tower Grove South

3155 Gustine Ave, Saint Louis, 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.

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

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