Last list price
3556 S Lynn St Independence, MO 64055
Luff Neighborhood
--
Bed
--
Bath
--
Sq Ft
9,396
Sq Ft Lot
Highlights
- No HOA
- Forced Air Heating and Cooling System
- Utility Room
About This Home
As of August 20233556 S. Lynn Street is a 4-unit, brick exterior building located at the end of a quiet cul-de-sac in Independence, Missouri. Built in 1969, the property dwells in a neighborhood of rental properties and provides tenants 6 off-street parking spaces at the front of the building. The Lynn property stands 2-stories on a slab with a pitched composition shingle roof on nearly a quarter acre lot. The building is separately metered for gas, electric and water (tenants responsible for all utilities + trash) and the building has completed significant renovations over the last year to both the interior and exterior. All units at the property are two-bedroom, one-bathroom units with an approximate unit size of 750 square-feet (+/-). All units have front/rear access and are identical footprints. All units feature central air, washer/dryer hookups, vinyl flooring, carpeted bedroom, ceiling fans, good closet space and individual mechanical rooms
Three of the four units have been renovated to present a uniform product consisting of newer paint, countertops (kitchen/bathroom), matching appliances/fixtures, updates to flooring and newer cabinets ($10,000/unit). 3556 Lynn has excellent commuter accessibility to highways/interstates and nearby shops/restaurants. The building has a history of high occupancy (100% currently) with efficient 3rd party management in place. The neighboring property, 3560 S. Lynn Street (2443713) is also available for sale providing opportunity for new ownership to take advantages of the synergies of owning adjacent properties. The asset presents an appeal to both the stabilized and value-add investor. Buyer could continue to manage property as-is with small incremental improvements or look to enhance finishes and provide laundry equipment in units to increase rents. Two of the units (3556A & 3558 A) are being rented out as Airbnb units through a 3rd party leaser, another potential avenue to explore.
Last Agent to Sell the Property
Compass Realty Group Brokerage Phone: 913-219-7074 License #SP00219113 Listed on: 07/07/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,719
Year Built
- Built in 1969
Lot Details
- 9,396 Sq Ft Lot
Home Design
- Quadruplex
- Composition Roof
Interior Spaces
- 2-Story Property
- Utility Room
Parking
- 6 Parking Spaces
- Off-Street Parking
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number 33-220-03-24-00-0-00-000
- $0 special tax assessment
Community Details
Overview
- No Home Owners Association
- 4 Units
- Harvest Village Subdivision
Building Details
- Gross Income $32,605
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 21, 2020
Closed on
Jan 16, 2021
Sold by
Grust Maximillian
Bought by
Ruth Street Capital Llc
Seller's Agent
Emanuel Blando
EXP Realty LLC
Buyer's Agent
Aaron Floyd
Keller Williams KC North
List Price
$280,000
Sold Price
$280,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,080
Avg. Annual Appreciation
12.07%
Original Mortgage
$210,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 21, 2020
Closed on
Dec 2, 2020
Sold by
Lee Tae Jin and Lim Min Jeong
Bought by
Grust Maximillian
Seller's Agent
Emanuel Blando
EXP Realty LLC
Buyer's Agent
Aaron Floyd
Keller Williams KC North
List Price
$280,000
Sold Price
$280,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 12, 2018
Closed on
Nov 1, 2018
Sold by
Horizon Trusts
Bought by
Lee Tae Jin
Seller's Agent
Mackaylee Beach
USREEB Realty Pros LLC
Buyer's Agent
Emanuel Blando
EXP Realty LLC
List Price
$239,900
Sold Price
$230,000
Premium/Discount to List
-$9,900
-4.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.02%
Original Mortgage
$172,500
Interest Rate
4.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 4, 2016
Sold by
Dhgf Llc
Bought by
Horizon Trust and Timothy Nesler Ira
Purchase Details
Closed on
Feb 22, 2016
Sold by
Usa Regrowth Fund Llc
Bought by
Dhgf Llc
Purchase Details
Closed on
Aug 20, 2015
Sold by
Capital Concepts Northwest Llc
Bought by
Usa Regrowth
Purchase Details
Closed on
Jun 22, 2015
Sold by
Handel Brown Llc
Bought by
Capital Concepts Northwest Llc
Purchase Details
Closed on
May 26, 2015
Sold by
Brown David L
Bought by
Handel Brown Llc
Purchase Details
Closed on
Apr 6, 2014
Sold by
Brown David L
Bought by
Mayfield Derek D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
4.41%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 28, 2007
Sold by
Brown David L
Bought by
Handel Brown Llc
Purchase Details
Closed on
Sep 27, 1996
Sold by
Graff Shirley S and Graff Hugh G
Bought by
Brown David L
Similar Home in Independence, MO
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | Continental Title Company | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Alpha Title Llc | |
| Warranty Deed | -- | Alpha Title Llc | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Mccaffree Short Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Trustee Deed | $71,664 | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $210,000 | New Conventional | |
| Previous Owner | $172,500 | New Conventional | |
| Previous Owner | $73,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2023 08/04/23 | Sold | -- | -- | -- |
| 07/21/2023 07/21/23 | Pending | -- | -- | -- |
| 07/07/2023 07/07/23 | For Sale | $440,000 | +57.1% | -- |
| 12/03/2020 12/03/20 | Sold | -- | -- | -- |
| 10/21/2020 10/21/20 | For Sale | $280,000 | +16.7% | -- |
| 11/13/2018 11/13/18 | Sold | -- | -- | -- |
| 09/17/2018 09/17/18 | Pending | -- | -- | -- |
| 09/12/2018 09/12/18 | For Sale | $239,900 | -- | -- |
Source: Heartland MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $3,859 | $57,000 | $5,793 | $51,207 |
| 2023 | $3,859 | $57,000 | $5,793 | $51,207 |
| 2022 | $3,719 | $50,350 | $2,337 | $48,013 |
| 2021 | $3,718 | $50,350 | $2,337 | $48,013 |
| 2020 | $2,248 | $29,578 | $2,337 | $27,241 |
| 2019 | $2,212 | $29,578 | $2,337 | $27,241 |
| 2018 | $1,678 | $21,425 | $2,089 | $19,336 |
| 2017 | $1,678 | $21,425 | $2,089 | $19,336 |
| 2016 | $1,652 | $20,888 | $2,660 | $18,228 |
| 2014 | $1,616 | $20,888 | $2,660 | $18,228 |
Source: Public Records
Agents Affiliated with this Home
-
Brice Bradshaw
Seller's Agent in 2023
Brice Bradshaw
Compass Realty Group
(913) 375-3850
2 in this area
29 Total Sales
-
Parker Beck
Seller Co-Listing Agent in 2023
Parker Beck
Compass Realty Group
(913) 375-3850
2 in this area
29 Total Sales
-
John Eads
Buyer's Agent in 2023
John Eads
RE/MAX Premier Properties
(816) 679-4603
1 in this area
61 Total Sales
-
Emanuel Blando
Seller's Agent in 2020
Emanuel Blando
EXP Realty LLC
(816) 745-8906
1 in this area
170 Total Sales
-
Elizabeth Blando
Seller Co-Listing Agent in 2020
Elizabeth Blando
EXP Realty LLC
(816) 621-5925
1 in this area
159 Total Sales
-
Aaron Floyd
Buyer's Agent in 2020
Aaron Floyd
Keller Williams KC North
(816) 206-9064
1 in this area
162 Total Sales
Map
Source: Heartland MLS
MLS Number: 2443704
APN: 33-220-03-24-00-0-00-000
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Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888)952-6393
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