NOT LISTED FOR SALE

512 SE 4th Terrace Lee's Summit, MO 64063

Estimated Value: $235,000 - $286,000

4 Beds
2 Baths
-- Sq Ft
0.27 Acres

Last Sold October 10, 2019

Current estimated payment $1,599/month

4 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Wood Siding
  • 1-Story Property
  • Pleasant Lea Middle School Rated A-

About This Home

As of October 2019

Total remodel. Please do not disturb tenants. Both sides have gone through significant rehab and currently rented. All new kitchens and baths, hvac, plumbing, & electrical. New appliances. Hardwoods refinished. New paint. New garage doors. Plumbing main replaced to city stub. Added driveway for extra parking. Everything has been done except the roof. Seller put a lot of work into this property. Walking distance to downtown LS.****Property will be open 9/6/2019 /// 9:00 - 10:00 a.m. bring your clients*** Good tenants.

Last Agent to Sell the Property

Christopher Bunton

ReeceNichols - Lees Summit License #1999054989 Listed on: 09/04/2019

ReeceNichols - Lees Summit

Co-Listed By

Rob Ellerman

ReeceNichols - Lees Summit License #1999087937

Last Buyer's Agent

Lance Tomlin

ReeceNichols - Lees Summit License #2010011847

ReeceNichols - Lees Summit

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,627

Year Built

  • Built in 1958

Lot Details

  • 0.27

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Schools

  • Lee's Summit High School

Additional Features

  • 1-Story Property
  • 0.27 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 61-230-24-10-00-0-00-000

Community Details

Overview

  • 2 Units
  • Morningside Acres Subdivision

Building Details

  • Gross Income $20,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,627

Year Built

Built in 1958

Lot Details

0.27 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 51-75 Years
  • Legal Description: REPLAT OF PARTS OF LOTS 16 & 17, MORNINGSIDE ACRES LOT 17-A
  • Package: No
  • Year Built: 1958
  • Co List Office Mls Id: RAN 20
  • Co List Office Name: ReeceNichols - Lees Summit
  • Co List Office Phone: 816-524-7272
  • 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: Christopher Bunton
  • List Office Mls Id: RAN 20
  • List Office Name: ReeceNichols - Lees Summit
  • List Office Phone: 816-524-7272
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 2627
  • Special Documents Required: No
  • Tax Total Amount: 2627
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage: No
  • Parking Features: On Street

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Telecommunications: Cable - Available, High Speed Internet - Available
  • Utilities: Ind Heat And Air
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Schools

  • Middle/Junior School: Pleasant Lea

Lot Info

  • In Floodplain: No
  • Zoning: Multi
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 11599.00
  • Parcel Number: 61-230-24-10-00-0-00-000
  • Subdivision Name: Morningside Acres

Rental Info

  • Existing Lease Terms: 12 Months

Building Info

  • Number of Units Total: 2

Tax Info

  • Tax Comment: EST
  • Tax Abatement: No
  • Tax Annual Amount: 2627.00

Multi Family

  • Gross Income: 20400
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Personal Prop Tax

MLS Schools

  • School District: Lee's Summit
  • High School: Lee's Summit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2021
Sold by
Bracken Carrie Sue and Bracken Kevin M
Bought by
Mcbm Properties Llc
Current Estimated Value
$264,122

Purchase Details

Listed on
Sep 4, 2019
Closed on
Oct 10, 2019
Sold by
Worldwide Holdings Llc
Bought by
Bracken Carrie Sue
Seller's Agent
Christopher Bunton
ReeceNichols - Lees Summit
Buyer's Agent
Lance Tomlin
ReeceNichols - Lees Summit
List Price
$189,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.81%

Purchase Details

Closed on
Jan 10, 2019
Sold by
Pg Onvestments Llc
Bought by
Worldwide 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
4.3%
Mortgage Type
Construction

Purchase Details

Listed on
Sep 6, 2018
Closed on
Sep 18, 2018
Sold by
Morris Robert J and Morris Sandra K
Bought by
Pg Investments Llc
Seller's Agent
Lance Dillenschneider
ReeceNichols - Lees Summit
Buyer's Agent
Lance Dillenschneider
ReeceNichols - Lees Summit
List Price
$55,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.28%
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
Mcbm Properties Llc -- Kansas City Title Inc
Bracken Carrie Sue -- Kansas City Title Inc
Worldwide Holdings Llc -- Kansas City Title Inc
Pg Investments Llc -- Kansas City Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Worldwide Holdings Llc $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2019 10/10/19 Sold -- -- --
09/08/2019 09/08/19 Pending -- -- --
09/04/2019 09/04/19 For Sale $189,900 +245.3% --
09/20/2018 09/20/18 Sold -- -- -- View Prior Sale
09/06/2018 09/06/18 Pending -- -- --
09/06/2018 09/06/18 For Sale $55,000 -- --
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 $2,865 $29,399 $7,182 $22,217
2024 $2,844 $39,682 $7,116 $32,566
2023 $2,844 $39,681 $4,723 $34,958
2022 $1,795 $22,230 $7,600 $14,630
2021 $1,832 $22,230 $7,600 $14,630
2020 $1,626 $19,543 $7,600 $11,943
2019 $1,582 $19,543 $7,600 $11,943
2018 $1,297 $14,870 $1,740 $13,130
2017 $1,297 $14,870 $1,740 $13,130
2016 $1,277 $14,497 $2,033 $12,464
Source: Public Records

Agents Affiliated with this Home

  • Christopher Bunton

    Seller's Agent in 2019

    Christopher Bunton

    ReeceNichols - Lees Summit

    (816) 694-4312

    12 in this area

    85 Total Sales

    Christopher Bunton
    Section Image
  • Rob Ellerman

    Seller Co-Listing Agent in 2019

    Rob Ellerman

    ReeceNichols - Lees Summit

    (816) 304-4434

    1,097 in this area

    5,405 Total Sales

    Rob Ellerman
    Section Image
  • Lance Tomlin

    Buyer's Agent in 2019

    Lance Tomlin

    ReeceNichols - Lees Summit

    (816) 616-3046

    13 in this area

    245 Total Sales

    Lance Tomlin
    Section Image
  • Lance Dillenschneider

    Seller's Agent in 2018

    Lance Dillenschneider

    ReeceNichols - Lees Summit

    (816) 524-7272

    9 in this area

    45 Total Sales

    Lance Dillenschneider
    Section Image
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Map

Source: Heartland MLS

MLS Number: 2186902

Heartland MLS

APN: 61-230-24-10-00-0-00-000

Missouri Jackson County Lee's Summit 64063

512 SE 4th Terrace, Lee's Summit, MO

Not Listed for Sale

MultiFamily

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.

Heartland MLS Based on information submitted to the MLS Grid. 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. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888) 952-6393
Based on information submitted to the MLS GRID.

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