NOT LISTED FOR SALE

335 S Water St Olathe, KS 66061

Estimated Value: $176,000

3 Beds
3 Baths
1,984 Sq Ft
$89/Sq Ft Est. Value

Last Sold October 25, 2024

Current estimated payment $1,026/month

281 Days on Market

Highlights

  • No HOA
  • Oregon Trail Middle School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of October 2024

CASH COW OPPORTUNITY in the heart of OLATHE! This property is currently bringing in $3250 in gross rents and that will be increasing to $3450 in September! Great opportunity to own a great multi family investment property. This tri plex is rent ready with ALL units already under lease! 2 units on the main level and 1 unit on the second floor, all units are metered separately. The property consists of one studio, one 2 bedroom unit and one 1 bedroom unit, All units have updated flooring, fresh paint, new fixtures, updated countertops and new bathrooms! The entire exterior of the property has recently painted, brand new roof and new gutters! The additional lot next door is available for purchase and is zoned R-1 for a single family home! This is a great value and an easy sell if you don't plan on building a home on for yourself! Unbeatable location just steps from the school and blocks away from the shops on Sante Fe and downtown Olathe! Hurry this rare opportunity won’t last long!

Last Agent to Sell the Property

Micheala Miller

Compass Realty Group Brokerage Phone: 913-709-5502 License #2014032728 Listed on: 12/07/2023

Compass Realty Group

Last Buyer's Agent

Luis Venegas

ReeceNichols - Parkville License #WP729182

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,763

Year Built

  • Built in 1900

Lot Details

  • 0.25 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,984 Sq Ft Home
  • 2-Story Property
  • Basement

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number DP52000066-0012B
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Olathe Subdivision

Building Details

  • Gross Income $3,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,763

Year Built

Built in 1900

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Micheala Miller
  • List Office Mls Id: HMSCBJM01
  • List Office Name: John Moffitt & Associates
  • List Office Phone: 913-491-6800
  • Mls Status: Sold
  • Operating Expense: 200
  • Age Description: 101 Years/More
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Package: Yes
  • Attribution Contact: 913-709-5502
  • Special Features: None

Interior Features

  • Basement: Yes
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Electric
  • Heating: Forced Air
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Cooling: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Type Of Management: Other

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Alliance Title

Schools

  • Junior High Dist: Olathe

Lot Info

  • Zoning: R2
  • Building Area Total: 1984
  • Lot Size Sq Ft: 10901
  • Parcel Number: DP52000066-0012B
  • Subdivision Name: Olathe
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: Unknown

Building Info

  • Number of Units Total: 3

Rental Info

  • Existing Lease Terms: Other

Multi Family

  • Gross Income: 3450
  • Current Occupancy Rate: Under 80%
  • Unit Count: 3

Tax Info

  • Tax Annual Amount: 1763
  • Tax Abatement YN: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2023
Closed on
Oct 17, 2024
Sold by
Olson Quality Contractors Llc
Bought by
Castellanos Nicolas and Galindo Sireni
Seller's Agent
Micheala Miller
Compass Realty Group
Buyer's Agent
Luis Venegas
ReeceNichols - Parkville
List Price
$284,950
Views
479
Current Estimated Value
$176,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-22.34%
Original Mortgage
$187,125
Outstanding Balance
$184,076
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
-$8,076

Purchase Details

Closed on
Sep 12, 2023
Sold by
South Kc Properties Llc
Bought by
Olson Quality Contractors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 30, 2023
Sold by
Wesonig Daniel J and Wesonig Suzanne G
Bought by
South Kc Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 2, 2022
Sold by
Wesonig Burnett Celia
Bought by
Wesonig Daniel J and Wesonig Suzanne Guilahoux

Purchase Details

Closed on
Jun 20, 2022
Sold by
Wesonig Burnett Celia
Bought by
Wesonig Daniel J and Wesonig Suzanne Guilahoux

Purchase Details

Closed on
Sep 28, 2017
Sold by
Wesonig Daniel J
Bought by
Wesonig Daniel J and Wesonig Cordy L

Purchase Details

Closed on
Apr 6, 2017
Sold by
Wesonig Hilda T
Bought by
Wesonig Daniel J

Purchase Details

Closed on
Sep 2, 2005
Sold by
Wesonig Danile J
Bought by
Wesonig Hilda T
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
Castellanos Nicolas -- None Listed On Document
Olson Quality Contractors Llc -- Accurate Title
South Kc Properties Llc -- Clear Title
Wesonig Daniel J -- Security 1St Title
Wesonig Daniel J -- Security 1St Title
Wesonig Daniel J -- None Available
Wesonig Daniel J -- None Available
Wesonig Hilda T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castellanos Nicolas $187,125
Previous Owner Olson Quality Contractors Llc $205,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2024 10/25/24 Sold -- -- --
09/14/2024 09/14/24 Pending -- -- --
07/09/2024 07/09/24 Price Changed $259,950 -8.8% $131 / Sq Ft
07/01/2024 07/01/24 For Sale $284,950 0.0% $144 / Sq Ft
06/22/2024 06/22/24 Pending -- -- --
05/17/2024 05/17/24 Price Changed $284,950 -1.7% $144 / Sq Ft
05/01/2024 05/01/24 Price Changed $289,950 -3.3% $146 / Sq Ft
04/19/2024 04/19/24 Price Changed $299,950 -1.6% $151 / Sq Ft
04/09/2024 04/09/24 Price Changed $304,950 -1.6% $154 / Sq Ft
03/08/2024 03/08/24 Price Changed $309,950 -2.5% $156 / Sq Ft
03/02/2024 03/02/24 Price Changed $317,950 -0.6% $160 / Sq Ft
02/17/2024 02/17/24 Price Changed $319,950 -3.0% $161 / Sq Ft
01/26/2024 01/26/24 For Sale $329,950 0.0% $166 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
01/11/2024 01/11/24 Price Changed $329,950 -4.3% $166 / Sq Ft
12/12/2023 12/12/23 Price Changed $344,950 -4.2% $174 / Sq Ft
12/07/2023 12/07/23 For Sale $359,950 -- $181 / 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 $1,434 $20,309 $6,785 $13,524
2024 $1,434 $13,800 $4,375 $9,425
2023 $1,826 $16,434 $4,375 $12,059
2022 $1,764 $15,422 $3,978 $11,444
2021 $1,834 $15,042 $3,614 $11,428
2020 $1,744 $14,191 $3,286 $10,905
2019 $1,688 $13,650 $2,855 $10,795
2018 $1,547 $12,454 $2,594 $9,860
2017 $1,341 $10,729 $2,594 $8,135
2016 $1,191 $9,809 $2,594 $7,215
2015 $1,108 $9,154 $2,594 $6,560
2013 -- $8,568 $2,358 $6,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2465351

Heartland MLS

APN: DP52000066-0012B

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