NOT LISTED FOR SALE

320 NW Gibson Rd Lees Summit, MO 64063

Estimated Value: $325,130 - $372,000

4 Beds
2 Baths
3,824 Sq Ft
$90/Sq Ft Est. Value

Last Sold November 05, 2024

Current estimated payment $2,077/month

1 Day on Market

Highlights

  • No HOA
  • 6 Car Attached Garage
  • Utility Room
  • Pleasant Lea Middle School Rated A-
  • Central Air

About This Home

As of November 2024

Offering a well maintained and sizable duplex near downtown Lee’s Summit, Missouri. This investment opportunity consists of two-story units, each with 2 bedrooms and 1 bath, large floor plans, an attached garage, a partially finished basement, a large storage area, a vaulted living room, washer and dryer hookups, and a walk-out the main floor to a newly built deck. These units have been maintained by a property management company in excellent condition and are turnkey for a new owner. Package MLS #2509797 Each unit is currently occupied on long term lease agreements providing a gross annual income of $28,380 per year. There is limited to no vacancy on these units as the area has a very strong rental demand. The duplex is located within a mile from Hwy 50, Chipman Road, and Hwy 291 offering convenient access to shopping, restaurants, schools and major highways. The duplex is on a large lot with more than adequate parking and yard space in the back. The current lease details the tenant responsible for utilities and trash service, as well as lawn mowing, maintenance, and snow removal. There are no outstanding maintenance items, and all rents are paid and current. Don’t overlook this strong investment opportunity as it will not last long!

Last Agent to Sell the Property

Will Wiest

Midwest Land Group Brokerage Phone: 816-703-9066 License #2014042751 Listed on: 09/11/2024

Midwest Land Group

Last Buyer's Agent

Will Wiest

Midwest Land Group Brokerage Phone: 816-703-9066 License #2014042751 Listed on: 09/11/2024

Midwest Land Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,604

Year Built

  • Built in 1986

Lot Details

  • 10,400 Sq Ft Lot

Parking

  • 6 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,824 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Basement
  • Laundry in Basement

Kitchen

  • Built-In Electric Oven
  • Dishwasher

Schools

  • Westview Elementary School
  • Lee's Summit High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 61-340-31-21-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $28,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,604

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1986
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Will Wiest
  • Listing Service: Full Service
  • List Office Mls Id: HMSMIGP
  • List Office Name: Midwest Land Group
  • List Office Phone: 913-674-8010
  • Mls Status: Sold
  • Age Description: 31-40 Years
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Phone Other: 8167039066
  • Package: Optional
  • Attribution Contact: 816-703-9066
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Built-In Electric Oven
  • Basement: Yes
  • Laundry Features: In Basement, Utility Room
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick Trim, Vinyl Siding
  • Inside City Limits: Yes

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage, Paved
  • Total Parking Spaces: 6

Utilities

  • Cooling: Electric
  • Heating: Electric, Natural Gas
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association Name: N/A
  • Association: No

Fee Information

  • Deposit: Coffelt Land Title

Schools

  • Middle/Junior School: Pleasant Lea
  • Junior High Dist: Lee's Summit

Lot Info

  • Zoning: Multi
  • Building Area Total: 3824
  • Lot Size Sq Ft: 10400
  • Parcel Number: 61-340-31-21-00-0-00-000
  • Subdivision Name: Other
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: No

Building Info

  • Number of Units Total: 2

Rental Info

  • Existing Lease Terms: One Year Lease

Multi Family

  • Gross Income: 28380
  • Current Occupancy Rate: Over 95%
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 3604
  • Tax Abatement YN: 0
  • Tax Comment: 0

MLS Schools

  • Elementary School: Westview
  • High School: Lee's Summit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Oct 23, 2024
Sold by
3 Arrows Property Llc
Bought by
Worley Real Estate Llc
Seller's Agent
Will Wiest
Midwest Land Group
Buyer's Agent
Will Wiest
Midwest Land Group
List Price
$312,500
Views
3
Current Estimated Value
$343,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%
Original Mortgage
$235,800
Outstanding Balance
$233,192
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$109,841

Purchase Details

Closed on
Nov 1, 2019
Sold by
Dusselier Timothy James and Dusselier Michele
Bought by
3 Arrows Property Llc
Source: Public Records
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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
Worley Real Estate Llc -- Coffelt Land Title
3 Arrows Property Llc -- Continental Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Worley Real Estate Llc $235,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2024 11/05/24 Sold -- -- --
09/12/2024 09/12/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $312,500 -- $82 / Sq Ft
Source: Heartland 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 $3,498 $55,717 $9,137 $46,580
2024 $5,642 $48,450 $8,290 $40,160
2023 $5,642 $78,702 $7,011 $71,691
2022 $3,604 $44,650 $6,802 $37,848
2021 $3,679 $44,650 $6,802 $37,848
2020 $3,261 $39,194 $6,802 $32,392
2019 $3,172 $39,194 $6,802 $32,392
2018 $1,977 $22,665 $2,652 $20,013
2017 $1,977 $22,665 $2,652 $20,013
2016 $1,947 $22,097 $2,489 $19,608
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2509585

Heartland MLS

APN: 61-340-31-21-00-0-00-000