NOT LISTED FOR SALE

Estimated Value: $318,000 - $427,000

6 Beds
6 Baths
7,416 Sq Ft
$52/Sq Ft Est. Value

Last Sold May 02, 2013

Current estimated payment $2,458/month

859 Days on Market

Highlights

  • 43,539 Sq Ft lot
  • 12 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • Eat-In Kitchen
  • Private Entrance

About This Home

As of May 2013

Where else can you get a 7.5% return, asset appreciation & inflation protection in one investment? 3 duplexes with large yards, 2-car garages & an experienced local property manager make this a turnkey investment opportunity! Rentals will be hot properties in Gardner as the BNSF Intermodal & other warehouses ramp up in the coming years. Buy now while prices & int. rates are still reasonable and rents are trending upward! With 25% down, cash-on-cash return is over 7.5%. Gross inc based on current 1-year & month-to-month lease rates. Gross expenses based on 12 month est. of taxes, insurance, maintenance, advertising & management fee.

Last Agent to Sell the Property

Lawrence Fotovich

Suburbian Realty License #BR00216556 Listed on: 11/18/2010

Last Buyer's Agent

Jayan Abraham

Platinum Realty LLC License #SP00229471

Platinum Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,295

Year Built

  • Built in 1997

Lot Details

  • 1 Acre Lot
  • Private Entrance

Parking

  • 12 Car Attached Garage

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 7,416 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 0006

Community Details

Overview

  • 6 Units
  • Quail Run Subdivision

Building Details

  • Gross Income $63,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,295

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 6, 7 and 8, a subdivision in Johnson County, Kansas
  • Major Repair Costs: 14700.00
  • Major Repair Description: Roofing
  • 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
  • Home Warranty Company: Old Republic
  • Home Warranty Cost: 300
  • Home Warranty Deductable: 75
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: No
  • 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: 21000
  • Other Incentive Cost: 0.25
  • Other Incentive Description: Bonus
  • Other Room Features: Family Room, Private Bath
  • Special Documents Required: No
  • Tax Total Amount: 8295
  • 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
  • Total Parking Spaces: 12

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

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: 7416.00
  • Lot Size Area: 43539.00
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 43539.00
  • Parcel Number: CP74200000 0006
  • Subdivision Name: Quail Run

Rental Info

  • Existing Lease Terms: 12 Months, Month To Month

Building Info

  • Number of Units Total: 6

Multi Family

  • Gross Income: 63540
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Advertising, Maintenance, Property Insurance, Property Mgmt, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 8295.00

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
Dec 18, 2023
Sold by
Mangal Abhishek and Periyasamy Nandakumaran
Bought by
Mangal-Garg Living Trust and Periyasamy Living Trust
Current Estimated Value
$386,098

Purchase Details

Closed on
Jan 27, 2021
Sold by
Cherian Babu and Cherian Lovely B
Bought by
Mangal Abhishek and Periyasamy Nandakumaran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2017
Sold by
Cherian Babu and Cherian Lovely B
Bought by
Cherian Babu and Cherian Lovely B

Purchase Details

Listed on
Nov 18, 2010
Closed on
Apr 26, 2013
Sold by
Gardner Residential Llc
Bought by
Cheriau Babu and Cheriau Lovely B
Seller's Agent
Lawrence Fotovich
Suburbian Realty
Buyer's Agent
Jayan Abraham
Platinum Realty LLC
List Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.99%

Purchase Details

Closed on
Aug 19, 2005
Sold by
Junet Robert F and Junet Michelle M
Bought by
Gardner Residential Llc
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
Mangal-Garg Living Trust -- None Listed On Document
Mangal-Garg Living Trust -- None Listed On Document
Mangal Abhishek -- Continental Title Company
Mangal Abhishek -- Continental Title Company
Mangal Abhishek -- Continental Title Company
Cherian Babu -- None Available
Cheriau Babu -- None Available
Gardner Residential Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mangal Abhishek $225,000
Previous Owner Cherian Babu $155,625
Previous Owner Junet Robert F $139,920
Previous Owner Junet Robert F $139,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2013 05/02/13 Sold -- -- --
03/26/2013 03/26/13 Pending -- -- --
11/18/2010 11/18/10 For Sale $650,000 -- $88 / 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 $4,298 $35,179 $7,564 $27,615
2023 $4,214 $33,500 $6,577 $26,923
2022 $4,394 $34,477 $5,479 $28,998
2021 $4,580 $34,442 $4,978 $29,464
2020 $4,423 $32,487 $4,524 $27,963
2019 $4,264 $31,786 $3,936 $27,850
2018 $4,108 $30,003 $3,936 $26,067
2017 $3,652 $26,933 $3,425 $23,508
2016 $3,427 $25,105 $3,425 $21,680
2015 $3,179 $23,679 $3,425 $20,254
2013 -- $19,769 $3,425 $16,344
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 1703890

Heartland MLS

APN: CP74200000-0006