NOT LISTED FOR SALE

Estimated Value: $198,000 - $203,112

4 Beds
2 Baths
1,977 Sq Ft
$101/Sq Ft Est. Value

Last Sold December 29, 2023

Current estimated payment $1,245/month

Highlights

  • Wood Flooring
  • Four Sided Brick Exterior Elevation
  • Central Air
  • 2 Car Attached Garage

About This Home

As of December 2023

Excellent investment opportunity at 323 S Rutan St is now available! This duplex nestled just outside of College Hill presents an ideal chance for investment or house hacking enthusiasts. Enjoy the convenience of being within walking distance to local gems like Vora, Ziggy's Pizza, The Belmont, and more! Each side of this duplex offers 2 bedrooms, 1 bathroom, and a 1-car garage. The left side is currently occupied by a fantastic tenant, paying $850 per month. While the tenant is eager to stay, they are on a month-to-month lease, providing flexibility for the new owner. The vacant unit needs work, no sugar coating there! The current owners had begun preparations for a complete remodel, and all construction materials will be handed over to the new owner. The vacant unit requires plumbing, HVAC, electrical, and cosmetic work to restore its full potential. This property is a versatile investment, suitable for personal living, a buy-and-hold strategy, or a profitable flip once the vacant unit is rejuvenated. The seller is offering the property "As-is" and will not be making any repairs. Please notate this verbiage in section 32. Note that FHA and VA financing will not be allowed for this property. Seize this chance to turn a promising property into a lucrative venture. Explore the potential and envision the future possibilities at 323 S Rutan St!

Last Agent to Sell the Property

Genni Trill

Real Broker, LLC License #00244599 Listed on: 12/07/2023

Last Buyer's Agent

Lyndsey Mbawuike

Lange Real Estate License #00248564

Lange Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,931

Year Built

  • Built in 1930

Lot Details

  • 6,746 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1,977 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Unfinished Basement
  • Laundry in Basement

Kitchen

  • Oven or Range
  • Dishwasher

Schools

  • College Hill Elementary School
  • Robinson Middle School
  • East High School

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Gross Income $10,200

Listing and Financial Details

  • Tenant pays for electric, gas, trash, water/sewer
  • Assessor Parcel Number 00-150898

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,931

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Twin/Duplex
  • Style: Townhouse
  • Estimated Age: 81+ Years
  • Total Specials: 16.76
  • Year Built: 1930
  • Annual Specials: 16.76
  • Estimated TFLA: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 773

Interior Features

  • Appliances: Dishwasher, Over/Range, Refrigerator
  • Floors: Wood
  • Basement: Yes - Unfinished
  • Basement Use: Laundry, Tenant Storage
  • Number Of Stories: Two

Exterior Features

  • Construction: All Brick
  • Roof: Composition

Garage/Parking

  • Parking: Attached Garage
  • On Site Parking Spaces: 2

Utilities

  • Cooling: Central Gas, Window Unit
  • Flood Insurance: Unknown
  • Heating: Central Gas
  • Utilities: Natural Gas, Public, Sewer

Schools

  • School District: Wichita School District (USD 259)
  • Elementary School: College Hill
  • Middle School: Robinson
  • High School: East
  • Elementary School: College Hill
  • High School: East

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 6746
  • Geo ADDRESS Line: 323 S Rutan Ave
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Subdivision: KS
  • Geo Update: 12/07/2023
  • Geo Zoom Level: 16

Rental Info

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

Tax Info

  • Assessor Parcel Number: 00-150898
  • General Taxes: 1768.47
  • General Tax Year: 2023

Multi Family

  • Number Of Units: 2
  • Number Of 2 Bedroom Units: 2
  • Gross Income: 10200

MLS Schools

  • Middle School: Robinson
  • School District: Wichita School District (USD 259)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2023
Closed on
Jan 1, 2024
Sold by
Jase Enterprises Llc
Bought by
Dwell Properties Llc
Seller's Agent
Genni Trill
Real Broker, LLC
Buyer's Agent
Lyndsey Mbawuike
Lange Real Estate
List Price
$151,000
Views
19
Current Estimated Value
$200,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.16%
Original Mortgage
$226,600
Outstanding Balance
$223,369
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
-$23,184

Purchase Details

Closed on
Aug 20, 2021
Sold by
Wilkey Nathan D and Wilkey Heidi J
Bought by
Jase Enterprise Inc

Purchase Details

Closed on
Jun 22, 2009
Sold by
Wilkey Nathan D and Wilkey Heidi J
Bought by
Wilkey Nathan D and Wilkey Heidi J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.84%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 17, 2009
Sold by
Bearth Susan L
Bought by
Wilkey Nathan D and Wilkey Heidi J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.84%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 4, 2008
Sold by
Bearth Susan L
Bought by
Bearth Anthony W
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
Dwell Properties Llc -- None Listed On Document
Jase Enterprise Inc -- None Listed On Document
Wilkey Nathan D -- 1St Am
Wilkey Nathan D -- 1St Am
Bearth Anthony W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dwell Properties Llc $226,600
Previous Owner Wilkey Nathan D $90,000
Previous Owner Bearth Susan L $71,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold -- -- --
12/07/2023 12/07/23 Pending -- -- --
12/07/2023 12/07/23 For Sale $151,000 -- $76 / 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
2025 $1,931 $18,896 $4,991 $13,905
2024 $1,931 $18,297 $3,393 $14,904
2023 $1,931 $16,193 $3,393 $12,800
2022 $1,789 $16,193 $3,209 $12,984
2021 $1,499 $13,168 $2,162 $11,006
2020 $1,391 $12,190 $2,162 $10,028
2019 $1,301 $11,397 $2,162 $9,235
2018 $1,191 $10,454 $1,426 $9,028
2017 $1,192 $0 $0 $0
2016 $1,099 $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: 633342

South Central Kansas MLS

APN: 126-23-0-33-03-021.00