AK
Alex Kheyfets
Aleksander Kheyfets
(618) 538-1363
80 Total Sales
1 in Tower Grove East
$360,000 Price
3515 Magnolia Ave Saint Louis, MO 63118
Tower Grove East Neighborhood
12
Beds
--
Baths
7,800
Sq Ft
9,148
Sq Ft Lot
About This Home
As of February 2023Salient Realty Group is pleased to present this opportunity to acquire 3515 Magnolia, a 12 unit apartment building located in heart of the highly desirable Tower Grove South neighborhood of St. Louis City. The building consists of 12, 1 bed / 1 bath units. Three of the twelve units have been renovated with updated flooring, kitchens and baths. The property has 12 off street parking spaces, a rare features for properties in the area.
The average rent is currently well below market at $690 and similar units in the area are renting for $825 - $850, this presents a tremendous value add opportunity. Tower Grove East has one of the strongest rental markets in St. Louis City. The property is walkable to Tower Grove Park and the South Grand district which is home to many restaurants, bars, and shops.
Last Agent to Sell the Property
Salient Realty Group, LLC License #2019034093 Listed on: 12/20/2022
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Property Details
Home Type
- Apartment
Year Built
- Built in 1966
Lot Details
- Lot Dimensions are 54x170
Parking
- Parking Lot
Home Design
- 7,800 Sq Ft Home
Schools
- Shenandoah Elem. Elementary School
- Elias Michael Elem. Middle School
- Roosevelt High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Electric Water Heater
Community Details
- 12 Units
Listing and Financial Details
- Tenant pays for electric
- Assessor Parcel Number 1442-00-0350-0
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
Dec 20, 2022
Closed on
Feb 28, 2023
Sold by
Migdal Llc
Bought by
Seller's Agent
Tim McCarthy
Salient Realty Group, LLC
Buyer's Agent
Kelsey Snell
Garcia Properties
List Price
$930,000
Views
114
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$985,125
Interest Rate
6.15%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 30, 2020
Sold by
B Miller Properties Llc
Bought by
Migdai Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,750
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Feb 15, 2019
Sold by
Northstar Inc
Bought by
B Miller 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
$333,750
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Mar 31, 2000
Sold by
Ralph Donald Pillar Trust
Bought by
Northstar Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
8.33%
Mortgage Type
Seller Take Back
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Tower Grove East, MO
-
Alex Kheyfets
-
Jody Parrish
Jody Parrish
EXP Realty, LLC
(314) 938-2742
129 Total Sales
2 in Tower Grove East
$235K - $275K Price Range
-
Hayley Tomazic
Hayley Tomazic
Responds QuicklyKeller Williams Realty St. Louis
(314) 668-2939
185 Total Sales
7 in Tower Grove East
$156K - $380K Price Range
-
Rueben Wuerdeman
Rueben Wuerdeman
Epique Realty
(314) 668-2908
88 Total Sales
2 in Tower Grove East
$95K - $325K Price Range
-
Mike Palermo
Mike Palermo
Compass Realty Group
(314) 582-9288
128 Total Sales
7 in Tower Grove East
$205K - $508K Price Range
-
Nicholas Wagenknecht
Nicholas Wagenknecht
Responds QuicklySCHNEIDER Real Estate
(314) 916-6811
223 Total Sales
1 in Tower Grove East
$622,000 Price
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 |
|---|---|---|---|
| -- | -- | ||
| Migdai Llc | $623,500 | None Available | |
| Migdal Llc | -- | None Listed On Document | |
| B Miller Properties Llc | $445,000 | Continental Title | |
| Northstar Inc | -- | -- |
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 | $1,095,000 | ||
| Closed | Indian Creek Capital Llc | $985,125 | |
| Previous Owner | Migdai Llc | $488,750 | |
| Previous Owner | B Miller Properties Llc | $333,750 | |
| Previous Owner | Northstar Inc | $180,000 |
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 |
|---|---|---|---|---|
| 02/28/2023 02/28/23 | Sold | -- | -- | -- |
| 01/24/2023 01/24/23 | For Sale | $930,000 | 0.0% | $119 / Sq Ft |
| 01/24/2023 01/24/23 | Off Market | -- | -- | -- |
| 01/16/2023 01/16/23 | For Sale | $930,000 | 0.0% | $119 / Sq Ft |
| 12/27/2022 12/27/22 | Pending | -- | -- | -- |
| 12/20/2022 12/20/22 | For Sale | $930,000 | -- | $119 / 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 |
|---|---|---|---|---|
| 2026 | $7,563 | $92,380 | $3,930 | $88,450 |
| 2025 | $7,563 | $92,380 | $3,930 | $88,450 |
| 2024 | $6,394 | $80,330 | $3,930 | $76,400 |
| 2023 | $6,394 | $80,330 | $3,930 | $76,400 |
| 2022 | $6,640 | $80,330 | $3,930 | $76,400 |
| 2021 | $6,631 | $80,330 | $3,930 | $76,400 |
| 2020 | $6,579 | $80,330 | $3,930 | $76,400 |
| 2019 | $6,556 | $80,330 | $3,930 | $76,400 |
| 2018 | $3,699 | $43,930 | $3,930 | $40,000 |
| 2017 | $3,635 | $43,930 | $3,930 | $40,000 |
| 2016 | $3,792 | $45,240 | $3,930 | $41,310 |
| 2015 | $3,434 | $45,240 | $3,930 | $41,310 |
| 2014 | $3,532 | $46,570 | $3,930 | $42,640 |
| 2013 | -- | $46,570 | $3,930 | $42,640 |
Source: Public Records
Agents Affiliated with this Home
-
Tim McCarthy
Seller's Agent in 2023
Tim McCarthy
Salient Realty Group, LLC
(314) 451-7145
2 in this area
29 Total Sales
-
Garen Lafser
Seller Co-Listing Agent in 2023
Garen Lafser
Salient Realty Group, LLC
(314) 374-3687
3 in this area
32 Total Sales
-
Kelsey Snell
Buyer's Agent in 2023
Kelsey Snell
Garcia Properties
(314) 681-3048
5 in this area
196 Total Sales
Map
Source: MARIS MLS
MLS Number: MIS22078520
APN: 144200-03500
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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