NOT LISTED FOR SALE

Estimated Value: $142,000

6 Beds
2 Baths
3,360 Sq Ft
$42/Sq Ft Est. Value

Last Sold October 02, 2015

Current estimated payment $826/month

16 Days on Market

Highlights

  • 19,602 Sq Ft lot
  • Garden
  • 1-Story Property
  • Four Sided Brick Exterior Elevation
  • Central Air
  • 5-minute walk to Longview Neighborhood Park

About This Home

As of October 2015

Three duplexes (6 total, 1 bed 1 bath units) 100% leased to quality tenants. 702, 705, & 711 S. Fountain These rentals have been well maintained and tenants have been selected carefully. Garage for each unit is a great selling point. New roofs in last 5 years. 4 units have basements, refinished hardwood floors. Landlord responsible for Trash & Lawn care. Units rent for between $395 and $450/month. Rents could be raised to all $450. Some tenants have been there 8+ years.

Last Agent to Sell the Property

ANDY BOYD

Walter Morris & Son License #SP00216474 Listed on: 08/24/2015

Last Buyer's Agent

ANDY BOYD

Walter Morris & Son License #SP00216474 Listed on: 08/24/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $700

Year Built

  • Built in 1950

Lot Details

  • 0.45 Acre Lot
  • Garden

Home Design

  • Composition Roof
  • Vinyl Siding
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 3,360 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Parking

  • 10 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Jefferson Elementary School
  • Robinson Middle School
  • East High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • 6 Units
  • Gross Income $30,000

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for lawn maintenance, trash, water/sewer
  • Assessor Parcel Number 00152-086

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$700

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Twin/Duplex
  • Style: Garden
  • Estimated Age: 51 - 80 Years
  • Total Specials: 38.88
  • Year Built: 1950
  • Annual Specials: 38.88
  • Estimated TFLA: 3360
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 772

Interior Features

  • Appliances: Over/Range
  • Basement Use: Tenant Laundry
  • Number Of Stories: One

Exterior Features

  • Construction: All Brick, Vinyl
  • Roof: Composition

Garage/Parking

  • Parking: 2 Per Unit
  • On Site Parking Spaces: 10

Utilities

  • Cooling: Central Electric
  • Flood Insurance: Unknown
  • Heating: Natural Gas
  • Utilities: Natural Gas, Sewer

Schools

  • School District: Wichita School District (USD 259)
  • Elementary School: Jefferson
  • Middle School: Robinson
  • High School: East
  • Elementary School: Jefferson
  • High School: East

Lot Info

  • Lot Size Sq Ft: 19,602
  • Geo ADDRESS Line: 702 S Fountain St
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Secondary City: Sedgwick Co.
  • Geo Subdivision: KS
  • Geo Update: 11/04/2015
  • Geo Zoom Level: 16

Rental Info

  • Owner Paid Utilities: Lawn Maintenance, Trash, Water/Sewer
  • Tenant Paid Utilities: Electric

Tax Info

  • Assessor Parcel Number: 00152-086
  • General Taxes: 2186
  • General Tax Year: 2015

Multi Family

  • Number Of Units: 6
  • Number Of 1 Bedroom Units: 6
  • Gross Income: 30000

MLS Schools

  • Middle School: Robinson
  • School District: Wichita School District (USD 259)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2015
Closed on
Oct 2, 2015
Sold by
Sleepy Hollow Properties Llc
Bought by
Mctb Llc
Seller's Agent
ANDY BOYD
Walter Morris & Son
Buyer's Agent
ANDY BOYD
Walter Morris & Son
List Price
$180,000
Current Estimated Value
$142,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.08%
Original Mortgage
$175,000
Outstanding Balance
$138,855
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$3,145
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
Mctb Llc -- Security 1St Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mctb Llc $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2015 10/02/15 Sold -- -- --
09/09/2015 09/09/15 Pending -- -- --
08/24/2015 08/24/15 For Sale $180,000 -- $54 / Sq Ft
Source: South Central Kansas 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 $700 $8,660 $2,519 $6,141
2023 $700 $7,314 $1,702 $5,612
2022 $682 $6,579 $1,599 $4,980
2021 $664 $5,981 $955 $5,026
2020 $667 $5,981 $955 $5,026
2019 $641 $5,751 $955 $4,796
2018 $640 $5,751 $955 $4,796
2017 $640 $0 $0 $0
2016 $638 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Kansas MLS

MLS Number: 509022

South Central Kansas MLS

APN: 127-26-0-13-03-002.00