NOT LISTED FOR SALE

425 E Broadway Ave Excelsior Springs, MO 64024

Estimated Value: $477,000 - $606,000

13 Beds
8 Baths
5,852 Sq Ft
$92/Sq Ft Est. Value

Sale Details

Date Sold: February 10, 2023

Current estimated payment $3,229 / mo

14 Days on Market

Highlights

  • No HOA
  • Central Air
  • Paved or Partially Paved Lot
  • Porch
  • Private Entrance

About This Home

As of February 2023

This 100% Occupied Fourplex Offers 3 Bed 2 Full Bath Units W/ Equipped Kitchens (All Electric With Separate Meters) Private Parking Consisting Of 6 Off Street Parking Spots (Additional On-Street Parking Permitted On Broadway South Side Of Street In Front Of Property) Common Area Laundry Located In Basement, Entire Complex Has Been Renovated In The Past Years And The Current Owner Continues To Update As Needed, Just Under 6,000 SQFT Finished & Is Within Walking Distance To Historic Downtown Excelsior Springs District, Walking Trails, Parks, Restaurants, Churches & More....

Last Agent to Sell the Property

Jake Simmons

RE/MAX Area Real Estate Listed on: 12/29/2022

RE/MAX Area Real Estate

Last Buyer's Agent

Maria Koch

Keller Williams Realty Partners Inc. License #2022007380

Keller Williams Realty Partners Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,899

Year Built

  • Built in 1920

Lot Details

  • 9,488 Sq Ft Lot
  • Lot Dimensions are 80x20x60x73x47x44x120
  • Private Entrance
  • Paved or Partially Paved Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 5,852 Sq Ft Home
  • 2-Story Property
  • Basement
  • Laundry in Basement
  • Fire and Smoke Detector

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Parking

  • 6 Parking Spaces
  • Paved Parking
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Schools

  • Lewis Elementary School
  • Excelsior High School

Utilities

  • Central Air
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 12-312-00-18-001.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $59,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,899

Year Built

Built in 1920

Lot Details

9,488 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Age Description: 101 Years/More
  • Legal Description: CRAVER & BATES ADDITION LTS 15-18 BLK 1 & ADJ TR BEG NW COR LT 15, S125, E ALNG ALLEY 44.1, N48, E72, NWLY90, W ALNG ROW 92 TO POB
  • Restrictions: City Codes
  • Package: No
  • Year Built: 1920
  • Senior Community: No
  • Co List Office Mls Id: RMX 13
  • Co List Office Name: RE/MAX Area Real Estate
  • Co List Office Phone: 816-630-4000
  • 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: SimmonsSales Team
  • Listing Service: Full Service
  • List Office Mls Id: RMX 13
  • List Office Name: RE/MAX Area Real Estate
  • List Office Phone: 816-630-4000
  • Mls Status: Sold
  • Operating Expense: 14248
  • Tax Total Amount: 3899
  • Unit Type: 3 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Interior Amenities: Common Entry, Private Entry
  • Appliances: Dishwasher, Microwave, Refrigerator, Rng/Oven- Electric
  • Basement: Yes
  • Laundry Features: In The Basement, Inside
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Vinyl Siding
  • Patio And Porch Features: Porch
  • Road Surface Type: Paved

Garage/Parking

  • Garage: No
  • Parking Features: Off Street, On Street, Paved
  • Total Parking Spaces: 6

Utilities

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

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Association/Amenities

  • Association: No

Schools

  • Middle/Junior School: Excelsior Springs

Lot Info

  • In Floodplain: Unknown
  • Zoning: R-3
  • Building Area Total: 5852.00
  • Lot Size Area Units: Square Feet
  • Lot Dimensions: 80x20x60x73x47x44x120
  • Lot Size Sq Ft: 9488.40
  • Parcel Number: 12-312-00-18-001.00

Rental Info

  • Existing Lease Terms: Month To Month, One Year Lease

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Income: 59160
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Maintenance, Property Insurance, Real Estate Tax, Refuse Collection, Sewer, Water

Tax Info

  • Tax Annual Amount: 3899.00

MLS Schools

  • Elementary School: Lewis
  • School District: Excelsior Springs
  • High School: Excelsior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2022
Closed on
Feb 10, 2023
Sold by
Morton Seth and Morton Elaina M
Bought by
Broadway425 Llc
Seller's Agent
Jake Simmons
RE/MAX Area Real Estate
Buyer's Agent
Maria Koch
Keller Williams Realty Partners Inc.
List Price
$450,000
Views
27
Current Estimated Value
$537,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.26%
Original Mortgage
$342,000
Outstanding Balance
$330,856
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$207,034

Purchase Details

Listed on
Nov 6, 2021
Closed on
Dec 16, 2021
Sold by
Cherokee Lanes Llc
Bought by
Morton Seth
Seller's Agent
Bill Hightower
Jason Mitchell Real Estate Mis
Buyer's Agent
Jake Simmons
RE/MAX Area Real Estate
List Price
$348,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.34%
Original Mortgage
$358,850
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 21, 2020
Sold by
Cherokee Lane Inc
Bought by
Cherokee Lanes Llc

Purchase Details

Listed on
Feb 28, 2019
Closed on
Apr 19, 2019
Sold by
Briegel Matt and Briegel Angie
Bought by
Cherokee Lane Inc
Seller's Agent
Bill Hightower
Jason Mitchell Real Estate Mis
Buyer's Agent
Bill Hightower
Jason Mitchell Real Estate Mis
List Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.22%
Original Mortgage
$240,000
Interest Rate
4.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 4, 2015
Sold by
Bf Holdings Llc
Bought by
Briegel Matt and Frank Joel

Purchase Details

Closed on
Jan 30, 2014
Sold by
Dumler Brenda
Bought by
Bf Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.51%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 30, 2010
Sold by
Dumler David M and Dumler Lisa Marie
Bought by
Dumler Emmanuel D and Dumler Brenda

Purchase Details

Closed on
Jul 26, 2010
Sold by
Dumler Robert R and Dumler Mischele R
Bought by
Dumler David M

Purchase Details

Closed on
Jan 15, 2008
Sold by
Dumler Courtney E
Bought by
Dumler David M

Purchase Details

Closed on
Feb 25, 2004
Sold by
Sligar Kenneth L and Sligar Ann M
Bought by
Dumler Robert and Dumler David
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Broadway425 Llc -- Stewart Title
Morton Seth -- Thomson Affinity Title Llc
Cherokee Lanes Llc -- None Available
Cherokee Lane Inc -- Affinity Title Llc
Briegel Matt -- None Available
Bf Holdings Llc -- Stewart Title Company
Dumler Emmanuel D -- Alpha
Dumler David M -- Accommodation
Dumler David M -- None Available
Dumler Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Broadway425 Llc $342,000
Previous Owner Morton Seth $358,850
Previous Owner Cherokee Lane Inc $240,000
Previous Owner Bf Holdings Llc $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/10/2023 02/10/23 Sold -- -- --
01/12/2023 01/12/23 Pending -- -- --
12/29/2022 12/29/22 For Sale $450,000 +29.1% $77 / Sq Ft
12/17/2021 12/17/21 Sold -- -- -- View Prior Sale
11/10/2021 11/10/21 Pending -- -- --
11/06/2021 11/06/21 For Sale $348,500 +39.4% --
04/30/2019 04/30/19 Sold -- -- -- View Prior Sale
03/08/2019 03/08/19 Pending -- -- --
02/28/2019 02/28/19 For Sale $250,000 -- --
Source: Heartland MLS

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 $4,763 $78,030 -- --
2024 $4,763 $67,910 -- --
2023 $4,733 $67,910 $0 $0
2022 $3,884 $54,820 $0 $0
2021 $3,899 $54,815 $7,657 $47,158
2020 $3,827 $52,310 $0 $0
2019 $3,825 $88,096 $12,896 $75,200
2018 $2,221 $30,290 $0 $0
2017 $2,167 $30,290 $7,660 $22,630
2016 $2,167 $30,290 $7,660 $22,630
2015 $2,187 $30,290 $7,660 $22,630
2014 $2,206 $30,290 $7,660 $22,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2416236

Heartland MLS

APN: 12-312-00-18-001.00

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