NOT LISTED FOR SALE

501 SW Richwood Ln Unit A Blue Springs, MO 64014

Estimated Value: $364,000 - $476,000

4 Beds
4 Baths
3,108 Sq Ft
$132/Sq Ft Est. Value

Last Sold August 18, 2017

Current estimated payment $2,578/month

3 Days on Market

Highlights

  • Central Air
  • Paved or Partially Paved Lot
  • 1-Story Property
  • Daniel Young Elementary School Rated A

About This Home

As of August 2017

Extremely well maintained 4 plex. Excellent opportunity generates $2215 monthly. Long time tenants-month to month. 2 units nicely updated w/ceramic tile flr, updated fixtures, paint, kitchen and bathrms, have patios & fenced yard. All units have appliances incl washer/dryer, blinds, ext storage closets & skylight in din rm. 100% occupancy, owners have never had trouble renting. Off street parking w/2 parking spaces for each tenant. Owner has $200 dep on each unit and pays trash (apx $60 mo) and water (apx $90 mo).

Last Agent to Sell the Property

Mary Ann Rivera

ReeceNichols - Eastland License #1999123463 Listed on: 05/08/2017

ReeceNichols - Eastland

Last Buyer's Agent

Troy Branch

Keller Williams KC North License #2017011500

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,459

Year Built

  • Built in 1977

Lot Details

  • Lot Dimensions are 100 x 125
  • Paved or Partially Paved Lot

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Stucco

Interior Spaces

  • 3,108 Sq Ft Home
  • 1-Story Property

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Separate Meters

Community Details

  • 4 Units
  • Pheasant Run Subdivision

Listing and Financial Details

  • Assessor Parcel Number 41-330-05-45-00-0-00-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,459

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Age Description: 31-40 Years
  • Legal Description: Pheasant Run, 2nd Plat, Lot 113
  • Package: No
  • Year Built: 1977
  • Senior Community: No
  • 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: Mary Ann Rivera
  • List Office Mls Id: RAN 12
  • List Office Name: ReeceNichols Blue Springs
  • List Office Phone: 816-229-6391
  • Maintenance Provided: No
  • Mls Status: Sold
  • Special Documents Required: No
  • Tax Total Amount: 2459
  • Unit Type: 1 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Stories: 1

Exterior Features

  • Roof: Other
  • Construction Materials: Brick Trim, Stucco
  • Road Surface Type: Paved

Garage/Parking

  • Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Central Electric
  • Heating: Central Electric, Natural Gas
  • Sewer: City/Public
  • Telecommunications: Metro Free
  • Utilities: Separate Meters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt

Schools

  • School District: Blue Springs

Lot Info

  • In Floodplain: Unknown
  • Zoning: MULTI
  • Building Area Total: 3108.00
  • Lot Dimensions: 100 X 125
  • Parcel Number: 41-330-05-45-00-0-00-000
  • Subdivision Name: Pheasant Run

Rental Info

  • Existing Lease Terms: Month To Month

Building Info

  • Number of Units Total: 4

Multi Family

  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Other

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 2459.00

MLS Schools

  • School District: Blue Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2021
Sold by
Bockelman Properties Llc
Bought by
Bockelman William Bernard
Current Estimated Value
$409,667

Purchase Details

Closed on
Nov 21, 2017
Sold by
Bockelamn William Bernard
Bought by
Bockelman Properties Llc

Purchase Details

Listed on
May 8, 2017
Closed on
Jun 23, 2017
Sold by
Schrorder William K and Schrorder Nancy L
Bought by
Bockelman William
Seller's Agent
Mary Ann Rivera
ReeceNichols - Eastland
Buyer's Agent
Troy Branch
Keller Williams KC North
List Price
$218,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%

Purchase Details

Closed on
Jun 8, 2009
Sold by
Davis George W and Davis Jacqueline L
Bought by
Schroder William K and Schroder Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
4.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 23, 1996
Sold by
Martin Douglass E and Martin Kimberly
Bought by
Davis George W and Davis Jacqueline L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
7.91%
Mortgage Type
Purchase Money Mortgage
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
Bockelman William Bernard -- Mortgage Connect Lp
Bockelman Properties Llc -- None Available
Bockelman William -- First American Title Ins Co
Schroder William K -- Chicago Title
Davis George W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schroder William K $108,000
Previous Owner Davis George W $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2017 08/18/17 Sold -- -- --
05/11/2017 05/11/17 Pending -- -- --
05/08/2017 05/08/17 For Sale $218,000 -- $70 / 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 $4,867 $63,823 $6,646 $57,177
2024 $4,774 $59,660 $8,438 $51,222
2023 $4,774 $59,660 $8,438 $51,222
2022 $4,369 $48,260 $17,091 $31,169
2021 $4,365 $48,260 $17,091 $31,169
2020 $3,768 $42,374 $17,091 $25,283
2019 $3,643 $42,374 $17,091 $25,283
2018 $2,529 $28,317 $2,761 $25,556
2017 $2,459 $28,317 $2,761 $25,556
2016 $2,459 $27,607 $3,211 $24,396
2014 $2,157 $24,130 $3,893 $20,237
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2045579

Heartland MLS

APN: 41-330-05-45-00-0-00-000