NOT LISTED FOR SALE

Estimated Value: $302,000 - $408,000

6 Beds
6 Baths
19,748 Sq Ft
$18/Sq Ft Est. Value

Last Sold November 15, 2013

Current estimated payment $2,260/month

630 Days on Market

Highlights

  • 82,764 Sq Ft lot
  • Attached Garage
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • Eat-In Kitchen
  • Private Entrance

About This Home

As of November 2013

Eight, 2-story duplexes with large, private yards, 2-car garages & an experienced local property manager make this an ideal turnkey investment opportunity! Rentals could be hot properties in Gardner as the BNSF train/trucking/warehousing and logistics park ramp-up in the coming years. 1000s of jobs--most w/ $9-$12/hour wages coming. Buy before... ...they arrive. Sellers may also consider the sale of smaller groups of duplexes or one-off purchases.

Last Agent to Sell the Property

Lawrence Fotovich

Suburbian Realty License #BR00216556 Listed on: 11/04/2011

Last Buyer's Agent

Puneet Gorawara

Kansas City Regional Homes Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,200

Year Built

  • Built in 1997

Lot Details

  • 1.9 Acre Lot
  • Private Entrance

Parking

  • Attached Garage

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 19,748 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Family Room
  • Fire and Smoke Detector
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet

Schools

  • Gardner Elementary School
  • Gardner Edgerton High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number CP74200000 0001

Community Details

Overview

  • 16 Units
  • Quail Run Subdivision

Building Details

  • Gross Income $177,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,200

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 11-15 Years
  • Legal Description: Quail Run Lots 1, 3, 4, 10, 11, 14, 15, 16, a subdivision in Johnson County
  • Major Repair Costs: 16000.00
  • Major Repair Description: 2 roof replacements
  • Warranty Description: Private Company, Seller Provides
  • Restrictions: Subdivision
  • Package: Yes
  • Year Built: 1997
  • Senior Community: No
  • Dining Area Features: Eat-In Kitchen
  • Down Payment Deprecated: No
  • Exclude From Reports: No
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: Yes
  • Internet Consumer Comment: No
  • Internet Entire Listing Display: Yes
  • List Agent Full Name: Larry Fotovich
  • List Office Mls Id: BURB
  • List Office Name: Suburbian, Inc.
  • List Office Phone: 913-397-2333
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 14192
  • Other Incentive Cost: 16320.00
  • Other Incentive Description: Selling agent bonus of 1%
  • Other Room Features: Family Room, Private Bath
  • Special Documents Required: No
  • Tax Total Amount: 23200
  • Unit Type: 3 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Interior Amenities: All Window Cover, Apply To All Units, Private Entry
  • Basement: No
  • Flooring: Carpeted Floors, Wood Floors
  • Laundry Features: Inside
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame, Wood Siding
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Electric
  • Heating: Central Gas, Forced Air Gas
  • Sewer: City/Public
  • Telecommunications: Cable - Available, High Speed Internet - Available
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Security Features: Smoke Detector
  • Water Source: City/Public, Private Meter

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt
  • Association Fee Frequency: Monthly

Schools

  • School District: Gardner Edgerton
  • Elementary School: Gardner
  • Middle School: Wheatridge
  • High School: Gardner Edgerton
  • Middle/Junior School: Wheatridge

Lot Info

  • In Floodplain: Unknown
  • Zoning: Resid
  • Building Area Total: 19748.00
  • Lot Size Area: 1.90
  • Lot Size Area Units: Acres
  • Lot Size Sq Ft: 82764.00
  • Parcel Number: CP74200000 0001
  • Subdivision Name: Quail Run

Rental Info

  • Existing Lease Terms: 12 Months, Month To Month

Building Info

  • Number of Units Total: 16

Multi Family

  • Gross Income: 177600
  • Current Occupancy Rate: 90-95%
  • Operating Expenses Include: Advertising, Property Mgmt

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 23200.00

MLS Schools

  • Elementary School: Gardner
  • School District: Gardner Edgerton
  • High School: Gardner Edgerton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2020
Sold by
Lllhh Llc
Bought by
Subramanian Madhan
Current Estimated Value
$352,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Outstanding Balance
$183,782
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$166,634

Purchase Details

Closed on
Mar 2, 2014
Sold by
Sethi Yash Pal and Sethi Anjna
Bought by
Lllhh Llc

Purchase Details

Listed on
Nov 4, 2011
Closed on
Oct 9, 2013
Sold by
Gardner Residential Llc
Bought by
Sethi Yash Pal and Sethi Anjna
Seller's Agent
Lawrence Fotovich
Suburbian Realty
Buyer's Agent
Puneet Gorawara
Kansas City Regional Homes Inc
List Price
$2,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.21%
Original Mortgage
$153,000
Interest Rate
4.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2005
Sold by
Junet Robert F and Junet Michelle M
Bought by
Gardner Residential Llc

Purchase Details

Closed on
Apr 21, 2005
Sold by
Midyett Larry H and Midyett Sue A
Bought by
Junet Robert F and Junet Michelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,920
Interest Rate
6.06%
Mortgage Type
New Conventional
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
Subramanian Madhan -- Stewart Title Company
Lllhh Llc -- Alpha Title Llc
Sethi Yash Pal -- None Available
Gardner Residential Llc -- None Available
Junet Robert F -- Kansas Secured Title
Junet Robert E -- Kansas Secured Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Subramanian Madhan $206,250
Previous Owner Sethi Yash Pal $153,000
Previous Owner Junet Robert E $139,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2013 11/15/13 Sold -- -- --
07/26/2013 07/26/13 Pending -- -- --
11/04/2011 11/04/11 For Sale $2,600,000 -- $132 / Sq Ft
Source: Heartland 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
2024 $4,140 $33,936 $7,861 $26,075
2023 $4,119 $32,764 $6,837 $25,927
2022 $4,267 $33,500 $5,693 $27,807
2021 $4,201 $31,625 $5,169 $26,456
2020 $4,209 $30,935 $4,700 $26,235
2019 $4,069 $30,348 $4,089 $26,259
2018 $3,941 $28,796 $4,089 $24,707
2017 $3,463 $25,553 $3,555 $21,998
2016 $3,361 $24,622 $3,555 $21,067
2015 $3,220 $23,978 $3,555 $20,423
2013 -- $19,665 $3,555 $16,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 1753829

Heartland MLS

APN: CP74200000-0001