J
Seller's Agent in 2023
Janell Simpson
ListWithFreedom.com
505 N 4th St Arkansas City, KS 67005
Estimated Value: $139,000 - $184,949
4
Beds
4
Baths
2,924
Sq Ft
$55/Sq Ft
Est. Value
About This Home
As of September 2023This beautifully remodeled 4-plex is in a good location on a large corner lot in a quiet neighborhood 6 blocks from Cowley County. All four 1BR/1BA units have been updated. Property is very unique in this market where rental demand is high. Vacancies fill quickly, and tenants often stay multiple years. Property is in good condition and requires relatively low maintenance. Local handyman is available and familiar with the property. Owner pays water, gas for water heater, lawn maintenance, and pest control. A washer & dryer are provided in the large, unfinished basement, accessible to all tenants. Detached garage is currently used for storage. There is upside potential through improved operations and increased rents.
Last Agent to Sell the Property
Janell Simpson
ListWithFreedom.com License #00244123 Listed on: 07/06/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,276
Year Built
- Built in 1910
Lot Details
- 0.3 Acre Lot
Home Design
- Frame Construction
- Composition Roof
Interior Spaces
- 2,924 Sq Ft Home
- 2-Story Property
- Laundry in Basement
- Oven or Range
Flooring
- Wood
- Tile
Laundry
- Dryer
- Washer
Parking
- 2 Car Detached Garage
- On-Street Parking
Schools
- Adams Elementary School
- Arkansas City Middle School
- Arkansas City High School
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
Community Details
- 4 Units
- Gross Income $24,480
Listing and Financial Details
- Tenant pays for electric
- The owner pays for gas, lawn maintenance, water/sewer
- Assessor Parcel Number 307-25-0-10-20-007.00-0
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Home Values in the Area
Average Home Value in this Area
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Newlife Hoimes Of Kansas Llc | $86,400 | |
| Closed | Newlife Home Loans | $41,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2023 09/29/23 | Sold | -- | -- | -- |
| 07/21/2023 07/21/23 | Pending | -- | -- | -- |
| 07/06/2023 07/06/23 | For Sale | $185,000 | -- | $63 / Sq Ft |
Source: South Central Kansas MLS
Tax History Compared to Growth
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 | $2,276 | $13,748 | $1,633 | $12,115 |
| 2023 | $2,155 | $12,106 | $1,291 | $10,815 |
| 2022 | $1,925 | $10,437 | $1,254 | $9,183 |
| 2021 | $1,925 | $9,762 | $1,216 | $8,546 |
| 2020 | $1,932 | $9,762 | $1,216 | $8,546 |
| 2019 | $1,918 | $9,761 | $1,242 | $8,519 |
| 2018 | $1,341 | $6,938 | $729 | $6,209 |
| 2017 | $1,344 | $6,938 | $729 | $6,209 |
| 2016 | $1,119 | $5,931 | $850 | $5,081 |
| 2015 | -- | $6,104 | $850 | $5,254 |
| 2014 | -- | $4,563 | $834 | $3,729 |
Source: Public Records
Agents Affiliated with this Home
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Buyer's Agent in 2023
Cheryl Acuff
Faith Realty
(316) 641-0019
77 Total Sales
Map
Source: South Central Kansas MLS
MLS Number: 627274
APN: 307-25-0-10-20-007.00-0
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