NOT LISTED FOR SALE

Estimated Value: $454,000 - $564,000

-- Bed
2 Baths
2,866 Sq Ft
$181/Sq Ft Est. Value

Last Sold September 24, 2014

Current estimated payment $3,367/month

About This Home

As of September 2014

ONCE IN A LIFETIME OPPORTUNITY TO OWN A BUILDING IN THIS BLOCK OF PERSHING. BUILDING IS BEING OFFERED AT A TRUE 9% CAP RATE WITH OPPORTUNITY TO RAISE RENTS. THIS IS THE GOOSE THAT LAYS THE GOLDEN EGG!! ONLY A BLOCK TO WASHINGTON UNIVERSITY MAIN CAMPUS & NEXT TO METROLINK STATION. ALSO RIGHT NEXT TO WASH U'S BUILDING WHERE KAYAK CAFÉ IS LOCATED. SURROUNDED BY UNIVERSITY OWNED BUILDINGS, THIS IS AS GOOD AS RENTAL PROPERTY GETS. THOSE OF YOU WHO OWN RENTAL PROPERTY, WILL APPRECIATE THE FACT THAT THIS BUILDING HAS NEVER BEEN VACANT FOR EVEN A SINGLE DAY SINCE OWNERSHIP BEGAN. TYPICALLY APARTMENTS ARE RESERVED AT LEAST 6 MONTHS IN ADVANCE. RENTS RISE EVERY SINGLE YEAR. IF YOU ASK OTHER APARTMENT OWNERS UP & DOWN THE STREET YOU'LL FIND THE SAME SITUATIONS IN THIS FIRST BLOCK. CENTRAL FURNACE & CENTRAL AIR. BOTH UNITS HAVE DECKS OFF THE BACK OF THE BUILDING. KITCHENS HAVE DISHWASHERS. HARDWOOD FLOORS. BUILDING HAS 4 OFF STREET PARKING SPOTS, GROSS YEARLY INCOME IS $45,180.

Last Agent to Sell the Property

Ted Wight

Dielmann Sotheby's International Realty License #2004003371 Listed on: 08/14/2014

Dielmann Sotheby's International Realty

Last Buyer's Agent

Brian Kelley

Savoy Properties LLC License #2004034792

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,542

Year Built

  • 1905

Lot Details

  • 4,269

Parking

  • Off-Street Parking

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • 4,269 Sq Ft Lot
  • Deck

Listing and Financial Details

  • Tenant pays for electric, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,542

Year Built

1905

Lot Details

0

Listing Details

  • Municipality Township: St. Louis City
  • Age: 105
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1905

Interior Features

  • Misc Features: Deck

Exterior Features

  • Exterior Features: Brick/Stone Msn Pred

Garage/Parking

  • Parking: Off Street

Utilities

  • Cooling: Central-Electric
  • Heating: Forced Air
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas

Schools

  • School District: St. Louis City
  • Elementary School: Hamilton Elem. Community Ed.
  • Middle School: Langston Middle
  • High School: Sumner High

Lot Info

  • Lot Sq Ft: 4269

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Operating Income: 45180.00
  • Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2014
Closed on
Sep 24, 2014
Sold by
London Properties Llc
Bought by
Cuggiono Properties Llc
Seller's Agent
Ted Wight
Dielmann Sotheby's International Realty
Buyer's Agent
Brian Kelley
Savoy Properties LLC
List Price
$399,000
Current Estimated Value
$518,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.66%

Purchase Details

Closed on
Apr 7, 2009
Sold by
Shaw Heritage Associates Lp
Bought by
London 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
$158,656
Interest Rate
5.16%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 10, 2006
Sold by
Hensley Reginald and Hensley Annette Y
Bought by
Shaw Heritage Asscs

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,600
Interest Rate
6.22%
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
Cuggiono Properties Llc -- Stl
London Properties Llc -- None Available
Shaw Heritage Asscs -- Ort
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cuggiono Properties Llc $375,000
Previous Owner London Properties Llc $143,000
Previous Owner London Properties Llc $156,063
Previous Owner London Properties Llc $158,656
Previous Owner Shaw Heritage Asscs $153,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2014 09/24/14 Sold -- -- --
09/24/2014 09/24/14 For Sale $399,000 -- $139 / Sq Ft
08/25/2014 08/25/14 Pending -- -- --
Source: MARIS 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 $6,542 $92,300 $5,420 $86,880
2024 $6,222 $77,820 $5,420 $72,400
2023 $6,222 $77,820 $5,420 $72,400
2022 $6,122 $73,720 $5,420 $68,300
2021 $6,113 $73,720 $5,420 $68,300
2020 $5,800 $70,470 $5,420 $65,050
2019 $5,780 $70,480 $5,420 $65,060
2018 $4,548 $53,680 $5,420 $48,260
2017 $4,470 $53,680 $5,420 $48,260
2016 $2,408 $28,390 $5,420 $22,970
2015 $2,183 $28,390 $5,420 $22,970
2014 $1,757 $28,390 $5,420 $22,970
2013 -- $22,810 $5,420 $17,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS14046731

MARIS MLS

APN: 5416-00-0310-0