NOT LISTED FOR SALE

Estimated Value: $898,000 - $970,099

10 Beds
8 Baths
5,940 Sq Ft
$157/Sq Ft Est. Value

Sale Details

Date Sold: March 16, 2020

Current estimated payment $6,048 / mo

5 Days on Market

Highlights

  • 20,473 Sq Ft lot
  • Clubhouse
  • Community Pool
  • Trailridge Elementary School Rated A
  • Loft
  • Fireplace

About This Home

As of March 2020

Multiple Offers Received. Highest and Best Due 1/30 by 6:00pm Open House 1/30/2020 from Noon to 2:00pm CST.
Premium investment property fully tenanted is ready for you! Nestled in one of the best areas in Kansas City, this property, located in the Lee's Summit West School District, is a great investment opportunity for you. All units are side by side. The end units are updated w/ 3 bdrms, 2.5 bth. The interior units are 2 bdrms, 2.5 bath each with a loft which can be converted into a 3rd bdrm to increase rents. Located near Raintree Lake, (http://rlpoa.com) which is included in the HOA for tenants to enjoy fishing and boat rentals! Expenses include property taxes, HOA and lawn mowing. Rentometer shows 3 bdrms will rent between $1,400-$1,500. Minimal effort to convert interior units into 3 bdrms, See pics!

Last Agent to Sell the Property

Chris Hiebert

EXP Realty LLC Listed on: 01/26/2020

EXP Realty LLC

Last Buyer's Agent

Chris Hiebert

EXP Realty LLC Listed on: 01/26/2020

EXP Realty LLC

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,627

Year Built

  • Built in 1987

Lot Details

  • 20,473 Sq Ft Lot

HOA Fees

  • $116 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof
  • Board and Batten Siding

Interior Spaces

  • 5,940 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Family Room
  • Combination Kitchen and Dining Room
  • Loft
  • Carpet
  • Fire and Smoke Detector
  • Eat-In Kitchen
  • Laundry in unit

Outdoor Features

  • Patio
  • Playground

Schools

  • Summit Pointe Elementary School
  • Lee's Summit West High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 70-920-13-12-00-0-00-000

Community Details

Overview

  • 4 Units
  • Raintree Lake Subdivision

Amenities

  • Clubhouse
  • Community Center

Recreation

  • Community Pool
  • Trails

Building Details

  • Gross Income $58,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,627

Year Built

Built in 1987

Lot Details

0.47 Acres

HOA Fees

$116 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Age Description: 31-40 Years
  • Legal Description: RAINTREE LAKE, LOT 1502
  • Restrictions: Homes Association
  • Package: No
  • Year Built: 1987
  • Dining Area Features: Eat-In Kitchen, Kit/Dining Combo
  • Exclude From Reports: No
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: No
  • Internet Consumer Comment: No
  • Internet Entire Listing Display: Yes
  • List Agent Full Name: Chris Hiebert
  • List Office Mls Id: EREA
  • List Office Name: EXP REALTY, LLC
  • List Office Phone: 866-224-1761
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 7914
  • Other Room Features: Balcony/Loft, Family Room, Private Bath
  • Special Documents Required: No
  • Tax Total Amount: 5627
  • Unit Type: 2 Bedroom, 3 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Fireplace: Yes
  • Flooring: Carpeted Floors
  • Laundry Features: Inside
  • Stories: 2

Exterior Features

  • Exterior Features: Playground
  • Roof: Composition
  • Construction Materials: Board/Batten, Frame
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Cooling: Yes
  • Security Features: Smoke Detector
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt
  • Association Amenities: Club House, Community Center, Swimming Pool, Trails
  • Association Fee: 347
  • Association Fee Frequency: Quarterly

Schools

  • Middle/Junior School: Summit Lakes

Lot Info

  • In Floodplain: Unknown
  • Zoning: MF
  • Building Area Total: 5940.00
  • Lot Size Area Units: Acres
  • Lot Size Sq Ft: 20473.20
  • Parcel Number: 70-920-13-12-00-0-00-000
  • Subdivision Name: Raintree Lake

Rental Info

  • Existing Lease Terms: 12 Months, Month To Month

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Income: 58800
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Other, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 5627.00

MLS Schools

  • Elementary School: Summit Pointe
  • School District: Lee's Summit
  • High School: Lee's Summit West

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
Jan 26, 2020
Closed on
Mar 13, 2020
Sold by
Bought by
Seller's Agent
Chris Hiebert
EXP Realty LLC
Buyer's Agent
Chris Hiebert
EXP Realty LLC
List Price
$549,500
Current Estimated Value
$934,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.68%
Original Mortgage
$435,000
Outstanding Balance
$376,877
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$557,173

Purchase Details

Closed on
Nov 21, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
7.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 21, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,200
Interest Rate
7.97%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lees Summit, MO

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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
-- Alpha Title Guaranty Inc
-- None Available
-- Coffelt Land Title
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 $435,000
Previous Owner $234,000
Previous Owner $198,175
Previous Owner $223,200
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
03/16/2020 03/16/20 Sold -- -- --
01/31/2020 01/31/20 Pending -- -- --
01/31/2020 01/31/20 Price Changed $605,000 +10.1% $102 / Sq Ft
01/26/2020 01/26/20 For Sale $549,500 -- $93 / Sq Ft
Source: Heartland 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
2025 $9,692 $140,714 $15,857 $124,857
2024 $9,621 $134,224 $18,352 $115,872
2023 $9,621 $134,223 $8,200 $126,023
2022 $8,589 $106,400 $6,778 $99,622
2021 $8,767 $106,400 $6,778 $99,622
2020 $5,785 $69,527 $6,778 $62,749
2019 $5,627 $69,527 $6,778 $62,749
2018 $1,041,149 $60,512 $5,900 $54,612
2017 $5,277 $60,512 $5,900 $54,612
2016 $5,198 $58,995 $4,256 $54,739
2014 $4,971 $55,306 $4,260 $51,046
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2204715

Heartland MLS

APN: 70-920-13-12-00-0-00-000

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