NOT LISTED FOR SALE

408 NE Highland Ln Blue Springs, MO 64014

Estimated Value: $576,000 - $648,874

10 Beds
8 Baths
5,464 Sq Ft
$113/Sq Ft Est. Value

Last Sold December 20, 2019

Current estimated payment $3,844/month

7 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Storm Windows
  • James Walker Elementary School Rated A
  • Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of December 2019

Great investment opportunity with $44,220 in annual gross rents. All units occupied. Please DO NOT disturb tenants. Seller will authorize showings after receipt of an acceptable offer to respect privacy of tenants. Low maintenance vinyl siding, wood burning fireplaces and one car garages. 408 has long-term tenant 12+ years & unit will require updates upon tenant move out providing positive increase in rent. $35,000 invested in capital improvements in last three years to other units. Seller has owned for 32 years. Seller is a licensed real estate broker/salesperson licensed in the state of Missouri, acting as a principal, for his own interest.
Property is being sold "In Its Present Condition" and Seller will make no repairs and/or treatments.

Last Agent to Sell the Property

John Welchert

Platinum Realty LLC License #1999045008 Listed on: 11/07/2019

Platinum Realty LLC

Last Buyer's Agent

Kara Knisely

Platinum Realty LLC License #2011037871

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,657

Year Built

  • Built in 1984

Lot Details

  • Paved or Partially Paved Lot

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Combination Dining and Living Room

Flooring

  • Wood
  • Carpet

Home Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Parking

  • Attached Garage
  • Off-Street Parking

Schools

  • James Walker Elementary School
  • Blue Springs High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 36-440-09-05-00-0-00-000

Community Details

Overview

  • 4 Units
  • Country Club South Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $44,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,657

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Age Description: 31-40 Years
  • Legal Description: COUNTRY CLUB SOUTH LOT 36 (EX PT DAF: BEG NE COR LOT 36 TH W ALG N LI SD LOT 60' TH S 22 DEG E 95' TH S 9 DEG E 32.17' TO MOST SLY COR OF SD LOT TH N 38 DEG E ALG SELY LOT LI OF SD LOT 30.44' TO E LI SD LOT TH N 95.09' TO POB) & NELY 55.5' OF LOT 37
  • Package: No
  • Year Built: 1984
  • Senior Community: No
  • Dining Area Features: Liv/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: John Welchert
  • List Office Mls Id: PRKC
  • List Office Name: Platinum Realty LLC
  • List Office Phone: 888-220-0988
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 5657
  • Phone Other: 8165220002
  • Special Documents Required: No
  • Tax Total Amount: 5657
  • Unit Type: 2 Bedroom, 3 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Fireplace: Yes
  • Flooring: Carpeted Floors, Wood Floors
  • Laundry Features: Inside
  • Stories: 2
  • Window Features: Storm Windows

Exterior Features

  • Exterior Features: Storm Doors
  • Roof: Composition
  • Construction Materials: Frame, Vinyl Siding
  • Patio And Porch Features: Patio
  • Road Surface Type: Paved

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage, Off Street

Utilities

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

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Schools

  • Middle/Junior School: Brittany Hill

Lot Info

  • In Floodplain: No
  • Zoning: R-4
  • Parcel Number: 36-440-09-05-00-0-00-000
  • Subdivision Name: Country Club South

Rental Info

  • Existing Lease Terms: 12 Months, Month To Month
  • Pets Allowed: Yes

Building Info

  • Number of Units Total: 4

Tax Info

  • Tax Comment: Yes
  • Tax Abatement: No
  • Tax Annual Amount: 5657.00

Multi Family

  • Gross Income: 44220
  • Current Occupancy Rate: Over 95%
  • Gross Multiplier: 9.61
  • Operating Expenses Include: Real Estate Tax

MLS Schools

  • Elementary School: James Walker
  • School District: Blue Springs
  • High School: Blue Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2019
Closed on
Dec 17, 2019
Sold by
Welchert John P and Welchert Eleanor E
Bought by
Monument Realty Llc
Seller's Agent
John Welchert
Platinum Realty LLC
Buyer's Agent
Kara Knisely
Platinum Realty LLC
List Price
$425,000
Current Estimated Value
$619,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.03%

Purchase Details

Closed on
Jan 31, 2014
Sold by
Cupinis Inc
Bought by
Falcon Built Llc

Purchase Details

Closed on
Aug 12, 2013
Sold by
Carter Stephen and Carter Steve
Bought by
Cupinis Inc

Purchase Details

Closed on
May 9, 2012
Sold by
School Investments Inc
Bought by
Carter Steve
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
Monument Realty Llc -- Stewart Title Company
Falcon Built Llc -- None Available
Cupinis Inc -- First American Title
Carter Steve -- Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2019 12/20/19 Sold -- -- --
11/14/2019 11/14/19 Pending -- -- --
11/07/2019 11/07/19 For Sale $425,000 -- $78 / 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
2025 $7,019 $95,232 $9,998 $85,234
2024 $6,884 $86,034 $7,361 $78,673
2023 $6,884 $86,034 $16,646 $69,388
2022 $6,520 $72,010 $16,815 $55,195
2021 $6,513 $72,010 $16,815 $55,195
2020 $5,610 $63,080 $16,815 $46,265
2019 $5,423 $63,080 $16,815 $46,265
2018 $3,829 $42,874 $4,180 $38,694
2017 $3,829 $42,874 $4,180 $38,694
2016 $3,724 $41,800 $3,553 $38,247
2014 $4,112 $46,005 $3,893 $42,112
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2197008

Heartland MLS

APN: 36-440-09-05-00-0-00-000