Seller's Agent in 2023
Tyler Alms
Salient Realty Group, LLC
(314) 451-7897
13 Total Sales
3225 Ashby Rd Saint Ann, MO 63074
Saint Ann Area
24
Beds
4
Baths
15,508
Sq Ft
0.67
Acre Lot
Highlights
- 0.67 Acre Lot
- Forced Air Heating and Cooling System
- Coin Laundry
- Great Room
About This Home
As of January 2023Ashby Heights Apartments is a 20-unit apartment complex property at 3225-33 Ashby Rd, in St. Louis, Missouri.
Ashby Heights offers a tremendous value add opportunity with a proven cosmetic update plan. 6 of the 20 units have already been updated and are experiencing incredible demand from the rental market.
Ashby Heights Apartments has an in place cap rate of 7.03% and once the cosmetic update plan has been completed, an 8.40% unlevered yield on cost ($1,499,000 purchase + $9,000 x 14 units = $1,625,000 total cost).
The property offers abundant off-street parking (+/- 25 spaces). A new coin operated laundry room has been added to the basement to serve non-updated units while the renovation plan is executed. All units have central air conditioning and heat. The property has walk out basements that provide an option for an owner to offer storage to tenants for additional income.
Last Agent to Sell the Property
Salient Realty Group, LLC License #2020033848 Listed on: 10/04/2022
Property Details
Home Type
- Apartment
Year Built
- Built in 1964 | Remodeled
Lot Details
- 29,185 Sq Ft Lot
- Sprinkler System
Home Design
- Brick Exterior Construction
Interior Spaces
- 15,508 Sq Ft Home
- Drapes & Rods
- Great Room
Kitchen
- Oven or Range
- Dishwasher
Parking
- 1 Parking Space Included
- Parking Lot
Schools
- Buder Elem. Elementary School
- Hoech Middle School
- Ritenour Sr. High School
Utilities
- Forced Air Heating and Cooling System
- Cooling System Powered By Gas
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electric, gas
- Assessor Parcel Number 14M-64-1277
Community Details
Overview
- 20 Units
- Low-Rise Community
Additional Features
- Coin Laundry
- Building Fire Alarm
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 4, 2022
Closed on
Jan 16, 2023
Sold by
Bought by
Seller's Agent
Tyler Alms
Salient Realty Group, LLC
Buyer's Agent
Lynne Hart
Real Broker LLC
List Price
$1,499,000
Views
25
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,075,000
Interest Rate
0.0633%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 14, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$981,250
Interest Rate
0.0416%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 23, 2019
Closed on
Dec 19, 2019
Sold by
Bought by
Seller's Agent
Jordan Schoen
Invest St. Louis
Buyer's Agent
Jordan Schoen
Invest St. Louis
List Price
$950,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$744,000
Interest Rate
0.037%
Mortgage Type
Commercial
Purchase Details
Listed on
Oct 24, 2016
Closed on
Mar 21, 2017
Sold by
Bought by
Seller's Agent
Mike Shepherd
Invest St. Louis
Buyer's Agent
Jordan Schoen
Invest St. Louis
List Price
$749,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.31%
Original Mortgage
$497,000
Interest Rate
0.0417%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
May 29, 2008
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
0.0607%
Mortgage Type
Commercial
Purchase Details
Closed on
May 31, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
0.0579%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 11, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
0.0584%
Mortgage Type
Commercial
Purchase Details
Closed on
May 7, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
0.0683%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | -- | ||
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| $930,000 | True Title Company Llc | ||
| -- | Investors Title Co Clayton | ||
| -- | None Available | ||
| $800,000 | -- | ||
| $575,000 | -- | ||
| $507,500 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,075,000 | ||
| Previous Owner | $981,250 | ||
| Previous Owner | $744,000 | ||
| Previous Owner | $497,000 | ||
| Previous Owner | $635,000 | ||
| Previous Owner | $640,000 | ||
| Previous Owner | $460,000 | ||
| Previous Owner | $420,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/13/2023 01/13/23 | Sold | -- | -- | -- | |
| 11/29/2022 11/29/22 | Pending | -- | -- | -- | |
| 10/04/2022 10/04/22 | For Sale | $1,499,000 | +57.8% | $97 / Sq Ft | |
| 12/23/2019 12/23/19 | For Sale | $950,000 | +26.8% | $41 / Sq Ft | |
| 12/20/2019 12/20/19 | Sold | -- | -- | -- | View Prior Sale |
| 12/19/2019 12/19/19 | Pending | -- | -- | -- | |
| 03/21/2017 03/21/17 | Sold | -- | -- | -- | View Prior Sale |
| 02/27/2017 02/27/17 | Pending | -- | -- | -- | |
| 10/24/2016 10/24/16 | For Sale | $749,000 | -- | $32 / Sq Ft |
Source: MARIS MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $18,248 | $276,700 | $76,000 | $200,700 |
| 2024 | $18,248 | $191,520 | $19,000 | $172,520 |
| 2023 | $17,739 | $191,520 | $19,000 | $172,520 |
| 2022 | $18,778 | $186,900 | $19,000 | $167,900 |
| 2021 | $18,734 | $186,900 | $19,000 | $167,900 |
| 2020 | $17,688 | $162,830 | $19,000 | $143,830 |
| 2019 | $17,462 | $162,830 | $19,000 | $143,830 |
| 2018 | $17,541 | $146,150 | $19,000 | $127,150 |
| 2017 | $16,791 | $146,150 | $19,000 | $127,150 |
| 2016 | $15,392 | $140,390 | $19,000 | $121,390 |
| 2015 | $15,476 | $140,390 | $19,000 | $121,390 |
| 2014 | $17,077 | $157,660 | $34,200 | $123,460 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Alms
-
Garen Lafser
Seller Co-Listing Agent in 2023
Garen Lafser
Salient Realty Group, LLC
(314) 374-3687
31 Total Sales
-
Lynne Hart
Buyer's Agent in 2023
Lynne Hart
Real Broker LLC
(314) 324-6907
135 Total Sales
-
Jordan Schoen
Seller's Agent in 2019
Jordan Schoen
Invest St. Louis
(314) 255-5117
94 Total Sales
-
Mike Shepherd
Seller's Agent in 2017
Mike Shepherd
Invest St. Louis
(314) 662-6453
40 Total Sales
Map
Source: MARIS MLS
MLS Number: MIS22064551
APN: 14M-6-4-127-7
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.
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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