Lance Merrick
Real Broker LLC
(727) 472-4959
553 Total Sales
2 in Botanical Heights
$485K - $625K Price Range
4156 Folsom Ave Saint Louis, MO 63110
Botanical Heights Neighborhood
18
Beds
5
Baths
13,216
Sq Ft
0.29
Acre Lot
Highlights
- 0.29 Acre Lot
- Forced Air Heating System
- Coin Laundry
- Brick or Stone Mason
About This Home
As of June 2023Rare opportunity to purchase under-rented 10 and 8 unit multi-family buildings next door to each other in the Botanical Heights neighborhood. 18 total units across 3 buildings. 15 of 18 units are occupied, with current rents below market. 11 units have been updated with 1 in process which will be completed prior to closing. There is the potential to add value and raise rents significantly in the future both as-is and with additional updates. Updated apartments are now leasing for $725, this would yield $13,050 of gross rental income a month, $156,600 annually based on all tenants as $725. Rent comps for similar size apartments range from $750-$1,350 depending on amenities and updates. Located in close proximity to Forest Park, Washington University School Of Medicine, St. Louis University, University Of Health Science And Pharmacy In St. Louis, Botanical Gardens and Tower Grove Park. Addresses are 4156 Folsom (10 units) and 4164 Folsom 63110 (8 units). Price Reduced $100,000.
Last Agent to Sell the Property
Invest St. Louis License #2009024331 Listed on: 10/27/2022
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Property Details
Home Type
- Apartment
Year Built
- Built in 1957 | Remodeled
Lot Details
- 12,798 Sq Ft Lot
- Lot Dimensions are 150' x 128'
Home Design
- 13,216 Sq Ft Home
- Brick or Stone Mason
Parking
- Unpaved Parking
- On-Street Parking
Schools
- Adams Elem. Elementary School
- Fanning Middle Community Ed.
- Vashon High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electric, gas
- Assessor Parcel Number 4969-00-0060-0
Community Details
Overview
- 3 Buildings
- 18 Units
- Low-Rise Community
Amenities
- Coin Laundry
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
Oct 27, 2022
Closed on
Jun 5, 2023
Sold by
Bought by
Seller's Agent
Jordan Schoen
Invest St. Louis
Buyer's Agent
Jordan Schoen
Invest St. Louis
List Price
$1,295,000
Views
325
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,265,000
Outstanding Balance
$1,217,701
Interest Rate
6.43%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 2, 2016
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
$246,423
Interest Rate
3.48%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Oct 15, 2013
Sold by
Bought by
Purchase Details
Closed on
Oct 14, 2013
Sold by
Bought by
Purchase Details
Closed on
Nov 18, 1999
Sold by
Bought by
Purchase Details
Closed on
Jul 10, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Botanical Heights, MO
-
Lance Merrick
-
Gary Seid
Gary Seid
Keller Williams Marquee
(314) 582-2798
190 Total Sales
1 in Botanical Heights
$353,000 Price
-
Peter Lu
Peter Lu
EXP Realty, LLC
(314) 697-1743
826 Total Sales
1 in Botanical Heights
$485,000 Price
-
Stephanie Hug Morgan
Stephanie Hug Morgan
Responds QuicklyColdwell Banker Realty - Gundaker
(314) 463-4997
204 Total Sales
1 in Botanical Heights
$421,000 Price
-
Hayley Tomazic
Hayley Tomazic
Responds QuicklyKeller Williams Realty St. Louis
(314) 668-2939
187 Total Sales
4 in Botanical Heights
$409K - $490K Price Range
-
Christoph Dewald
Christoph Dewald
Responds QuicklyEXP Realty, LLC
(636) 242-5571
236 Total Sales
1 in Botanical Heights
$344,999 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 |
|---|---|---|---|
| $1,682,450 | Investors Title | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | -- | ||
| -- | -- |
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 | $1,265,000 | ||
| Previous Owner | $246,423 |
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 |
|---|---|---|---|---|
| 06/05/2023 06/05/23 | Sold | -- | -- | -- |
| 04/18/2023 04/18/23 | Pending | -- | -- | -- |
| 03/31/2023 03/31/23 | Price Changed | $1,195,000 | -7.7% | $90 / Sq Ft |
| 12/09/2022 12/09/22 | For Sale | $1,295,000 | 0.0% | $98 / Sq Ft |
| 11/18/2022 11/18/22 | Pending | -- | -- | -- |
| 10/27/2022 10/27/22 | For Sale | $1,295,000 | -- | $98 / 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 | $4,245 | $51,170 | $7,300 | $43,870 |
| 2025 | $4,339 | $51,170 | $7,300 | $43,870 |
| 2024 | $4,129 | $51,170 | $7,300 | $43,870 |
| 2023 | $4,129 | $51,170 | $7,300 | $43,870 |
| 2022 | $2,805 | $33,250 | $3,650 | $29,600 |
| 2021 | $2,801 | $33,250 | $3,650 | $29,600 |
| 2020 | $2,779 | $33,250 | $3,650 | $29,600 |
| 2019 | $2,770 | $33,250 | $3,650 | $29,600 |
| 2018 | $2,774 | $32,280 | $3,650 | $28,630 |
| 2017 | $2,727 | $32,280 | $3,650 | $28,630 |
| 2016 | $2,954 | $34,580 | $3,650 | $30,930 |
| 2015 | $2,681 | $34,580 | $3,650 | $30,930 |
| 2014 | $1,875 | $35,930 | $3,650 | $32,280 |
| 2013 | -- | $23,980 | $3,650 | $20,330 |
Source: Public Records
Agents Affiliated with this Home
-
Jordan Schoen
Seller's Agent in 2023
Jordan Schoen
Invest St. Louis
(314) 255-5117
3 in this area
94 Total Sales
Map
Source: MARIS MLS
MLS Number: MIS22068561
APN: 496900-00600
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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