NOT LISTED FOR SALE

701 1st Terrace Lansing, KS 66043

Estimated Value: $246,000 - $269,000

6 Beds
4 Baths
3,456 Sq Ft
$75/Sq Ft Est. Value

Last Sold April 29, 2024

Current estimated payment $1,671/month

5 Days on Market

Highlights

  • No HOA
  • Porch
  • Forced Air Heating and Cooling System
  • Lansing Middle 6-8 Rated A-
  • 1 Car Attached Garage
  • Utility Room

About This Home

As of April 2024

GREAT INVESTMENT OPPORTUNITY! This duplex boasts a smart layout with 3 bedrooms and 2 full baths on each side. Themain level features a spacious kitchen with an eat-in area, a large living room, and two bedrooms with a full bath. Thebasement is fully finished, offering a third bedroom, a family room, an additional full bath, storage/laundry area, and aconvenient one-car garage. Situated in the highly desirable Lansing school district, this property is an ideal investment ina sought-after location.

Last Agent to Sell the Property

Dan Lynch

Lynch Real Estate Brokerage Phone: 913-481-6847 License #BR00053988 Listed on: 03/09/2024

Last Buyer's Agent

Dan Lynch

Lynch Real Estate Brokerage Phone: 913-481-6847 License #BR00053988 Listed on: 03/09/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,663

Year Built

  • Built in 1980

Lot Details

  • 10,400 Sq Ft Lot
  • Paved or Partially Paved Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3,456 Sq Ft Home
  • 1-Story Property
  • Utility Room
  • Basement
  • Laundry in Basement

Kitchen

  • Built-In Electric Oven
  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Outdoor Features

  • Porch

Schools

  • Lansing Elementary School
  • Lansing High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 099-30-0-20-07-072.00-0
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $21,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,663

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1980
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Dan Lynch
  • Listing Service: Full Service
  • List Office Mls Id: HMSLYNH
  • List Office Name: Lynch Real Estate
  • List Office Phone: 913-369-3000
  • Mls Status: Sold
  • Operating Expense: 4927
  • Age Description: 41-50 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 4663
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Package: Optional
  • Attribution Contact: 913-481-6847
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Exhaust Hood, Refrigerator, Built-In Electric Oven
  • Basement: Yes
  • Laundry Features: In Basement, Utility Room
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame
  • Patio And Porch Features: Porch
  • Road Surface Type: Paved
  • Inside City Limits: Yes

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 1

Utilities

  • Cooling: Electric
  • Heating: Forced Air
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Water Source: Public
  • Telecom: Cable - Available

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Continental Title

Schools

  • Middle/Junior School: Lansing
  • Junior High Dist: Lansing

Lot Info

  • Zoning: RES
  • Building Area Total: 3456
  • Lot Size Area: 10400
  • Lot Size Sq Ft: 10400
  • Parcel Number: 099-30-0-20-07-072.00-0
  • Subdivision Name: Other
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: No

Building Info

  • Number of Units Total: 2

Rental Info

  • Existing Lease Terms: Month To Month

Multi Family

  • Gross Income: 21600
  • Current Occupancy Rate: Over 95%
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 4663
  • Tax Abatement YN: 0

MLS Schools

  • Elementary School: Lansing
  • High School: Lansing

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2024
Closed on
Jun 15, 2024
Sold by
Obrien Daniel and Obrien Amanda A
Bought by
Sunstone Holdings Llc Series 1
Seller's Agent
Dan Lynch
Lynch Real Estate
Buyer's Agent
Dan Lynch
Lynch Real Estate
List Price
$249,950
Views
23
Current Estimated Value
$258,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.42%
Original Mortgage
$187,462
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 9, 2024
Closed on
Apr 25, 2024
Sold by
Bennion James R and Bennion Ruth L
Bought by
Obrien Daniel and Obrien Amanda A
Seller's Agent
Dan Lynch
Lynch Real Estate
Buyer's Agent
Dan Lynch
Lynch Real Estate
List Price
$249,950
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,462
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1988
Bought by
Bennion James R and Bennion Ruth L
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
Sunstone Holdings Llc Series 1 -- None Listed On Document
Obrien Daniel -- Continental Title
Bennion James R $154,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Obrien Daniel $187,462
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Sold -- -- --
03/15/2024 03/15/24 Pending -- -- --
03/09/2024 03/09/24 For Sale $249,950 -- $72 / 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
2023 $3,185 $24,755 $4,108 $20,647
2022 $3,062 $22,504 $3,220 $19,284
2021 $2,904 $20,275 $3,220 $17,055
2020 $2,791 $19,182 $3,447 $15,735
2019 $2,758 $18,934 $3,447 $15,487
2018 $2,726 $18,723 $2,875 $15,848
2017 $2,651 $18,178 $2,875 $15,303
2016 $2,626 $17,998 $2,875 $15,123
2015 $2,618 $17,998 $2,875 $15,123
2014 $2,213 $15,579 $2,875 $12,704
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2476823

Heartland MLS

APN: 099-30-0-20-07-072.00-0