NOT LISTED FOR SALE

3409 S Spring Ave Unit 3409-3411 Saint Louis, MO 63116

Tower Grove South Neighborhood

Estimated Value: $139,973 - $219,000

-- Bed
1 Bath
-- Sq Ft
4,822 Sq Ft Lot

Last Sold December 28, 2023

Current estimated payment $994/month

4 Days on Market

Highlights

  • Bonus Room
  • Laundry Facilities
  • Fenced
  • Forced Air Heating and Cooling System

About This Home

As of December 2023

Cash flowing duplex completely overhauled in 2017 - one side is a 2 bedroom and the other is a large 1 bedroom unit. Laundry in each unit. Each unit has its own fenced in backyard - private entry and exit - perfect for nightly air bnb rental. Current tenants love the apartments and want to stay, leased through April 2024, $850 and $875. If you're looking for an easy to manage cash flowing rental property this is it! This building has many strategies that work as a great investment in your portfolio. Occupied - do not disturb tenants - showings by appointment only. (NOTE: and if you're interested, ask the listing agent about the opportunity to acquire the neighboring lot).

Last Agent to Sell the Property

Adam Moskal

Keller Williams Realty St. Louis License #2016040257 Listed on: 11/24/2023

Keller Williams Realty St. Louis

Last Buyer's Agent

Jordan Collins

Coldwell Banker Premier Group License #2023030778

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,180

Year Built

  • Built in 1906 | Remodeled

Lot Details

  • 4,822 Sq Ft Lot
  • Lot Dimensions are 46x120
  • Fenced

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • Bonus Room

Schools

  • Mann Elem. Elementary School
  • Long Middle Community Ed. Center
  • Roosevelt High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, gas
  • Assessor Parcel Number 4186-00-0250-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,180

Year Built

Built in 1906 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: McDonald Avenue
  • Municipality Township: St. Louis City
  • Special Description: Rehabbed, Renovated
  • Age: 117
  • Ownership: Private
  • Year Built: 1906
  • Directions: GPS Friendly - one block south of Tower Grove Heights
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Bonus Room, Fencing, Laundry Facility in, No Basement/Slab
  • Square Footage Unknown: Yes

Exterior Features

  • Construction: Frame, Vinyl Siding

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Association/Amenities

  • Entry Level Unit: 3409-3411

Schools

  • Elementary School: Mann Elem.
  • Junior High School: Long Middle Community Ed. Center
  • School District: St. Louis City
  • Senior High School: Roosevelt High

Lot Info

  • Lot Dimensions: 46x120
  • Lot Sq Ft: 4822
  • Acres: 0.1107

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Cable TV/Satellite, Electric, Gas

Multi Family

  • Gross Operating Income: 20500.00
  • Units: 2
  • Total Expenses: 7244.00
  • Type Of Units: 2-Family

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 1081
  • Assessor Parcel Number: 4186-00-0250-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2023
Closed on
Dec 28, 2023
Sold by
Kss Group Llc
Bought by
Range Amber and Rainge Karen
Seller's Agent
Adam Moskal
Keller Williams Realty St. Louis
Buyer's Agent
Jordan Collins
Coldwell Banker Premier Group
List Price
$189,000
Current Estimated Value
$170,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.29%
Original Mortgage
$145,000
Outstanding Balance
$142,589
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$28,154

Purchase Details

Closed on
Jan 16, 2018
Sold by
Marcucci Joseph L
Bought by
Kss Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 1, 2004
Sold by
Yaeger Ernest W
Bought by
Buchanan Kenneth and Buchanan Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,344
Interest Rate
8.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2002
Sold by
Transitions Inc
Bought by
Yaeger Ernie

Purchase Details

Closed on
Nov 12, 2001
Sold by
Citifinancial Mtg Company Inc
Bought by
Transitions Inc

Purchase Details

Closed on
Oct 4, 2001
Sold by
Belue Dexter J
Bought by
Citifinancial Mtg Company

Purchase Details

Closed on
Jun 29, 1998
Sold by
Visions Properties Inc
Bought by
Belue Dexter J and Belue Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,600
Interest Rate
7.09%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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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
Range Amber -- Title Partners
Kss Group Llc -- None Available
Buchanan Kenneth -- --
Yaeger Ernie -- --
Transitions Inc -- First American Title
Citifinancial Mtg Company $35,700 --
Belue Dexter J -- --
Visions Properties Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Range Amber $145,000
Previous Owner Kss Group Llc $70,000
Previous Owner Buchanan Kenneth $57,344
Previous Owner Belue Dexter J $41,600
Closed Belue Dexter J $7,800
Closed Buchanan Kenneth $10,752
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2023 12/28/23 Sold -- -- --
11/29/2023 11/29/23 Pending -- -- --
11/24/2023 11/24/23 For Sale $189,000 -- --
Source: MARIS 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 $1,180 $29,190 $1,750 $27,440
2024 $1,127 $12,900 $1,750 $11,150
2023 $1,127 $12,900 $1,750 $11,150
2022 $1,081 $11,890 $1,750 $10,140
2021 $1,080 $11,890 $1,750 $10,140
2020 $998 $10,970 $1,750 $9,220
2019 $951 $10,470 $1,750 $8,720
2018 $1,054 $11,290 $3,060 $8,230
2017 $1,037 $11,290 $3,060 $8,230
2016 $1,061 $11,290 $3,060 $8,230
2015 $972 $11,290 $3,060 $8,230
2014 $949 $11,290 $3,060 $8,230
2013 -- $11,020 $3,060 $7,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23069199

MARIS MLS

APN: 4186-00-0250-0