NOT LISTED FOR SALE

3438 Magnolia Ave Saint Louis, MO 63118

Tower Grove East Neighborhood

Estimated Value: $331,000 - $382,000

-- Bed
2 Baths
2,888 Sq Ft
$120/Sq Ft Est. Value

Last Sold November 13, 2018

Current estimated payment $2,159/month

43 Days on Market

About This Home

As of November 2018

Huge price drop. Upstairs unit is now vacant and easy to show. This is a beauty and an amazing opportunity for an owner occupant. Rent out 1st floor 2bd/1 ba and live in 2nd/3rd unit. Great location, close to everything with everything with lots of historic charm. Call Loren to schedule showings and for copies of inspections and additional information.

Move in now and add your own updates over time. Close to SLU, BJC, Wash U, Cortex. Grand Center, downtown, Botanical Gardens. Neighborhood restaurants within a few blocks.

Last Agent to Sell the Property

Wayne Failoni

Failoni Consultants R.E.Co. License #1999019426 Listed on: 09/14/2018

Co-Listed By

Loren Jenks

Failoni Consultants R.E.Co. License #2004036155

Last Buyer's Agent

Moira Killoran

Keller Williams Realty St. Louis License #2018033857

Keller Williams Realty St. Louis

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,348

Year Built

  • 1905

Lot Details

  • 4,487 Sq Ft Lot
  • Lot Dimensions are 35' x 125'

Parking

  • On-Street Parking

Home Design

  • 2,888 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Outdoor Features

  • Balcony

Utilities

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

Additional Features

  • Basement

Listing and Financial Details

  • Tenant pays for electric, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,348

Year Built

1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: Tennessee
  • Municipality Township: St. Louis City
  • Special Description: Owner Occupied
  • Age: 113
  • Ownership: Private
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1905

Interior Features

  • Misc Features: Balcony, Basement
  • Square Footage: 2888

Exterior Features

  • Construction: Brick Veneer Predom

Garage/Parking

  • Parking: On Street Parking

Utilities

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

Schools

  • School District: St. Louis City
  • Elementary School: Shenandoah Elem.
  • Middle School: Fanning Middle Community Ed.
  • High School: Roosevelt High

Lot Info

  • Lot Dimensions: 35' x 125'
  • Lot Number: 11
  • Lot Sq Ft: 4487
  • Acres: 0.1030

Rental Info

  • Tenancy Type: 1 or More Vacant, Owner Occupied
  • Tenant Pays: Electric, Gas

Multi Family

  • Units: 2
  • Type Of Units: 2-Family

Tax Info

  • Taxes Paid: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2019
Sold by
Point Break Capital Llc
Bought by
Larue Robert D
Current Estimated Value
$345,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,750
Outstanding Balance
$36,838
Interest Rate
4%
Mortgage Type
Credit Line Revolving
Estimated Equity
$308,029

Purchase Details

Listed on
Sep 14, 2018
Closed on
Nov 13, 2018
Sold by
Armstrong John B
Bought by
Point Break Capital Llc
Seller's Agent
Wayne Failoni
Failoni Consultants R.E.Co.
Buyer's Agent
Moira Killoran
Keller Williams Realty St. Louis
List Price
$236,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.33%
Original Mortgage
$270,000
Interest Rate
4.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 4, 2017
Sold by
Armstrong John B and Lucas Ralf
Bought by
Armstrong John B

Purchase Details

Closed on
Mar 25, 2015
Sold by
Armstrong John B and Lucas Ralf
Bought by
Armstrong John B and Lucas Ralf
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
Larue Robert D -- Us Title
Point Break Capital Llc $200,000 Investors Title Company
Armstrong John B -- None Available
Armstrong John B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Larue Robert D $43,750
Open Larue Robert D $278,400
Previous Owner Point Break Capital Llc $270,000
Previous Owner Armstrong John Bailey $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2018 11/13/18 Sold -- -- --
10/28/2018 10/28/18 Pending -- -- --
10/09/2018 10/09/18 Price Changed $217,000 -8.1% $75 / Sq Ft
09/14/2018 09/14/18 For Sale $236,000 -- $82 / Sq Ft
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 $3,348 $43,590 $3,990 $39,600
2024 $3,185 $39,660 $3,990 $35,670
2023 $3,185 $39,660 $3,990 $35,670
2022 $2,991 $35,840 $3,990 $31,850
2021 $2,986 $35,840 $3,990 $31,850
2020 $2,348 $28,330 $3,990 $24,340
2019 $2,340 $28,330 $3,990 $24,340
2018 $2,055 $24,070 $3,990 $20,080
2017 $2,020 $24,070 $3,990 $20,080
2016 $1,518 $17,780 $3,990 $13,790
2015 $1,377 $17,780 $3,990 $13,790
2014 $1,342 $17,780 $3,990 $13,790
2013 -- $17,330 $3,990 $13,340
Source: Public Records

Agents Affiliated with this Home

  • Wayne Failoni

    Seller's Agent in 2018

    Wayne Failoni

    Failoni Consultants R.E.Co.

    (314) 606-6580

    21 Total Sales

    Wayne Failoni
    Section Image

  • L

    Seller Co-Listing Agent in 2018

    Loren Jenks

    Failoni Consultants R.E.Co.

    (314) 308-3069

    1 in this area

    35 Total Sales

    Loren Jenks
    Section Image

  • M

    Buyer's Agent in 2018

    Moira Killoran

    Keller Williams Realty St. Louis

    Section Image
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Map

Source: MARIS MLS

MLS Number: MIS18073969

MARIS MLS

APN: 1449-00-0070-0

Missouri St. Louis City County Saint Louis 63118 Tower Grove East

3438 Magnolia Ave, Saint Louis, MO

This home is located at 3438 Magnolia Ave, Saint Louis, MO 63118 since 14 September 2018 and is currently estimated at $345,702, approximately $119 per square foot. This property was built in 1905. 3438 Magnolia Ave is a home located in St. Louis City with nearby schools including Shenandoah Elementary School, Long International Middle School, and Roosevelt High School.

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.

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