NOT LISTED FOR SALE

539 S Oscar St Olathe, KS 66061

Estimated Value: $303,000 - $329,000

4 Beds
3 Baths
1,882 Sq Ft
$166/Sq Ft Est. Value

Last Sold October 21, 2022

Current estimated payment $1,941/month

27 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Central Air
  • Oregon Trail Middle School Rated A-

About This Home

As of October 2022

RARE INVESTMENT PORTFOLIO OPPORTUNITY! TOTAL CURRENT - ANNUAL GROSS RENTAL INCOME IS SET AT $185,772. Rent increase opportunity on many of these. This is one of the 7 homes listed in the package. All units have been fully updated! There are 6 single family homes and one multifamily with 4 units. See supplements for rental income and expense breakdown. Properties are currently rented. MARKET VALUE ON THE JOCO HOMES ARE HIGHER THAN THE PROJECTED FIGURES PER WORKSHEET (BASED ON A CURRENT CMA). Additional addresses listed in this package are: 808 S Montclair St Olathe, 7821 Lowell Ave Overland Park, 8012 Riverview Ave KCK, 8200 Ohio St KCK, 106-108 Bellaire Ave,KCMO units 1-4 and 1100 N Curtis St Olathe.

Last Agent to Sell the Property

Bryan Huff

Keller Williams Realty Partners Inc. License #SP00228927 Listed on: 08/12/2022

Keller Williams Realty Partners Inc.

Last Buyer's Agent

Trevor Lorance

Chartwell Realty LLC License #2015010286

Chartwell Realty LLC

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,447

Year Built

  • Built in 1971

Lot Details

  • 9,799

Parking

  • 2 Car Attached Garage

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,882 Sq Ft Home
  • 2-Story Property
  • Basement

Schools

  • Rolling Ridge Elementary School
  • Olathe West High School

Additional Features

  • 9,799 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number DP65100000-0042

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Rolling Ridge Subdivision

Building Details

  • Gross Income $28,200

Property Details

Property Type

Other

Est. Annual Taxes

$2,447

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Package of Properties
  • Age Description: 41-50 Years
  • Legal Description: ROLLING RIDGE SOUTH LOT 42 OLC-0301 0042
  • Package: Yes
  • Year Built: 1971
  • 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: Bryan Huff
  • List Office Mls Id: KW01
  • List Office Name: Keller Williams Realty Partner
  • List Office Phone: 913-906-5400
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 5857
  • Special Documents Required: No
  • Tax Total Amount: 2447
  • Unit Type: 4 Bedroom Or More
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Electric
  • Heating: Central Electric
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager
  • Association Fee Frequency: Annually

Association/Amenities

  • Association: No

Schools

  • School District: Olathe
  • Elementary School: Rolling Ridge
  • Middle School: Oregon Trail
  • High School: Olathe West
  • Middle/Junior School: Oregon Trail

Lot Info

  • In Floodplain: Unknown
  • Zoning: r
  • Building Area Total: 1882.00
  • Lot Size Area: 9799.00
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 9799.00
  • Parcel Number: DP65100000-0042
  • Subdivision Name: Rolling Ridge

Rental Info

  • Existing Lease Terms: One Year Lease

Building Info

  • Number of Units Total: 7

Multi Family

  • Gross Income: 28200
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Other, Property Mgmt, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 2447.00

MLS Schools

  • Elementary School: Rolling Ridge
  • School District: Olathe
  • High School: Olathe West

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Oct 20, 2022
Sold by
Aspen Grove Properties Llc
Bought by
Rolleria Investments Llc
Seller's Agent
Bryan Huff
Keller Williams Realty Partners Inc.
Buyer's Agent
Trevor Lorance
Chartwell Realty LLC
List Price
$1,998,000
Views
18
Current Estimated Value
$312,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-44.12%
Original Mortgage
$1,200,000
Outstanding Balance
$1,162,079
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
-$855,614

Purchase Details

Closed on
May 31, 2022
Sold by
Aspen Grove Ventures Llc
Bought by
Aspen Grove Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$676,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2022
Sold by
Fountain City Renewal Llc
Bought by
Aspen Grove Ventures

Purchase Details

Closed on
Jan 1, 2019
Sold by
Worth Rodney D and Worth Melissa A
Bought by
Rod S Rentals Llc

Purchase Details

Closed on
Dec 27, 2005
Sold by
Plumb Donald R
Bought by
Worth Rodney D and Worth Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,400
Interest Rate
5.78%
Mortgage Type
Stand Alone Second
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
Rolleria Investments Llc -- Platinum Title
Aspen Grove Properties Llc -- Superior Title
Aspen Grove Ventures -- Clear Title
Fountain City Renewal Llc -- Clear Title
Rod S Rentals Llc -- None Available
Worth Rodney D -- Continental Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rolleria Investments Llc $1,200,000
Previous Owner Aspen Grove Properties Llc $676,000
Previous Owner Worth Rodney D $29,400
Previous Owner Worth Rodney D $117,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2022 10/21/22 Sold -- -- --
09/08/2022 09/08/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $1,998,000 -- $1,062 / 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 $2,849 $25,944 $5,706 $20,238
2023 $3,000 $26,462 $5,190 $21,272
2022 $2,578 $22,195 $4,515 $17,680
2021 $2,447 $19,941 $4,515 $15,426
2020 $2,516 $20,309 $4,108 $16,201
2019 $2,448 $19,631 $4,108 $15,523
2018 $2,307 $18,389 $4,108 $14,281
2017 $2,153 $17,009 $3,424 $13,585
2016 $1,923 $15,605 $3,115 $12,490
2015 $1,835 $14,915 $3,115 $11,800
2013 -- $13,489 $3,115 $10,374
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2398031

Heartland MLS

APN: DP65100000-0042