NOT LISTED FOR SALE

322 N Iowa St Olathe, KS 66061

Estimated Value: $218,000 - $311,000

4 Beds
2 Baths
1,380 Sq Ft
$182/Sq Ft Est. Value

Last Sold March 08, 2017

Current estimated payment $1,482/month

157 Days on Market

Highlights

  • Central Heating and Cooling System
  • Wood Siding
  • 5-minute walk to Fairview Park
  • Summit Trail Middle School Rated A
  • 1-Story Property

About This Home

As of March 2017

Ranch Duplex is being sold AS IS - Inspections are welcome for buyers information only. Great investment property.

2 units #322 and #324 - Each has 2bedrooms & 1 full bath

See Structural Engineer's report in Supplements

Last Agent to Sell the Property

Dixie D Carter

ReeceNichols -Johnson County W License #SP00031520 Listed on: 08/01/2016

Co-Listed By

Jenn Wittwer

ReeceNichols -Olathe License #SP00236829

Last Buyer's Agent

David Barraza

Real Broker, LLC License #SP00235020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,070

Year Built

  • Built in 1969

Lot Details

  • 9,409

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Schools

  • Fairview Elementary School
  • Olathe Northwest High School

Additional Features

  • 1-Story Property
  • Central Heating and Cooling System
  • Basement

Listing and Financial Details

  • Assessor Parcel Number DP52000025 0003B

Community Details

Overview

  • 2 Units
  • Olathe Subdivision

Building Details

  • Gross Income $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,070

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 41-50 Years
  • Legal Description: OLATHE S 71.5' LT 3 EX E 30' & S 71.5' LTS 4 & 5 BLK 25 OLC 461B
  • Major Repair Costs: 11000.00
  • Major Repair Description: Foundation Repairs
  • Package: No
  • Year Built: 1969
  • Co List Office Mls Id: RAN 26
  • Co List Office Name: ReeceNichols Olathe
  • Co List Office Phone: 913-782-8822
  • 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: Dixie D Carter
  • List Office Mls Id: RAN 26
  • List Office Name: ReeceNichols Olathe
  • List Office Phone: 913-782-8822
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 3434
  • Special Documents Required: No
  • Tax Total Amount: 1070
  • Unit Type: 4 Bedroom Or More
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Central Electric
  • Heating: Central Gas
  • Sewer: City/Public
  • Utilities: Other
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt

Schools

  • School District: Olathe
  • Elementary School: Fairview
  • Middle School: Mission Trail
  • High School: Olathe Northwest
  • Middle/Junior School: Mission Trail

Lot Info

  • In Floodplain: No
  • Zoning: R2
  • Parcel Number: DP52000025 0003B
  • Subdivision Name: Olathe

Rental Info

  • Existing Lease Terms: Other

Building Info

  • Number of Units Total: 2

Multi Family

  • Gross Income: 15000
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Property Insurance, Property Mgmt, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 1070.00

MLS Schools

  • Elementary School: Fairview
  • School District: Olathe
  • High School: Olathe Northwest

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2012
Sold by
First Federal Savings & Loan Bank
Bought by
Metro Painting Group Inc
Current Estimated Value
$251,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,600
Outstanding Balance
$47,484
Interest Rate
3.35%
Mortgage Type
New Conventional
Estimated Equity
$204,142

Purchase Details

Closed on
Jul 12, 2012
Sold by
Smith James R and Smith Arlene R
Bought by
First Federal Savings & Loan Bank

Purchase Details

Closed on
Jan 24, 2006
Sold by
Smith James B and Smith Arlene R
Bought by
Smith James R and Smith Arlene R
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
Metro Painting Group Inc -- Chicago Title Company Llc
First Federal Savings & Loan Bank -- Chicago Title Company Llc
Smith James R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Metro Painting Group Inc $68,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2017 03/08/17 Sold -- -- --
01/05/2017 01/05/17 Pending -- -- --
08/01/2016 08/01/16 For Sale $120,000 -- $87 / Sq Ft
Source: Heartland 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
2024 $1,773 $16,709 $4,304 $12,405
2023 $1,766 $15,916 $3,916 $12,000
2022 $1,649 $14,467 $3,558 $10,909
2021 $1,589 $13,075 $3,558 $9,517
2020 $1,511 $12,340 $3,094 $9,246
2019 $1,564 $12,674 $3,094 $9,580
2018 $1,365 $11,028 $2,477 $8,551
2017 $1,205 $9,671 $2,477 $7,194
2016 $1,081 $8,935 $2,477 $6,458
2015 $1,071 $8,855 $2,477 $6,378
2013 -- $7,900 $2,249 $5,651
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2005000

Heartland MLS

APN: DP52000025-0003B