NOT LISTED FOR SALE

703 NE Banner Dr Lees Summit, MO 64086

Estimated Value: $264,000 - $379,000

4 Beds
2 Baths
-- Sq Ft
0.28 Acres

Last Sold August 15, 2018

Current estimated payment $1,832/month

9 Days on Market

Highlights

  • Attached Garage
  • Eat-In Kitchen
  • Combination Kitchen and Dining Room
  • Bernard C. Campbell Middle School Rated A
  • Central Heating and Cooling System
  • Paved or Partially Paved Lot

About This Home

As of August 2018

Fantastic Investment opportunity. 100% occupied. Clean Ranch Duplex 2 bed, 1 bath, beautiful spacious lot which backs to greenspace. Landlord maintains lawn. New carpet and paint prior to tenant occupancy, updated air conditioners, spacious, close to park area. Close to shopping, highways, Top Rated Schools. Please review supplements.

Last Agent to Sell the Property

Janet Wehmeir

Kansas City Real Estate, Inc. License #1999120728 Listed on: 06/22/2018

Last Buyer's Agent

JK (John Kenny) Rodricks

Rodricks , Oades & Co. Realty License #2015027302

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,950

Year Built

  • Built in 1981

Lot Details

  • Paved or Partially Paved Lot

Parking

  • Attached Garage

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Carpet
  • Fire and Smoke Detector
  • Eat-In Kitchen

Schools

  • Meadow Lane Elementary School
  • Lee's Summit North High School

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 52-730-07-22-00-0-00-000

Community Details

Overview

  • 2 Units
  • Banner Grove Estates Subdivision
  • On-Site Maintenance

Building Details

  • Gross Income $17,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,950

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 31-40 Years
  • Legal Description: Banner Grove Estates Lot 16
  • Major Repair Costs: 11000.00
  • Major Repair Description: New Roof
  • Package: No
  • Year Built: 1981
  • Dining Area Features: Eat-In Kitchen, Kit/Dining Combo
  • 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: Janet Wehmeir
  • List Office Mls Id: KCRI
  • List Office Name: Kansas City Real Estate, Inc.
  • List Office Phone: 816-246-7700
  • Maintenance Description: Lawn
  • Maintenance Provided: Yes
  • Mls Status: Sold
  • Operating Expense: 1950
  • Phone Other: 8167187100
  • Phone Other Type: Cell
  • Special Documents Required: No
  • Tax Total Amount: 1950
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Flooring: Carpeted Floors
  • Laundry Features: Inside
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame, Wood Siding
  • Patio And Porch Features: Patio
  • Road Surface Type: Paved

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Electric
  • Heating: Central Gas
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Security Features: Smoke Detector
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt

Schools

  • School District: Lee's Summit
  • Elementary School: Meadow Lane
  • Middle School: Bernard Campbell
  • High School: Lee's Summit North
  • Middle/Junior School: Bernard Campbell

Lot Info

  • In Floodplain: Unknown
  • Zoning: R3
  • Parcel Number: 52-730-07-22-00-0-00-000
  • Subdivision Name: Banner Grove Estates

Rental Info

  • Existing Lease Terms: 12 Months

Building Info

  • Number of Units Total: 2

Multi Family

  • Gross Income: 17400
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 1950.00

MLS Schools

  • Elementary School: Meadow Lane
  • School District: Lee's Summit
  • High School: Lee's Summit North

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2024
Sold by
Wender Alexander J and Teplitsky Olga
Bought by
Gr Island Family Trust and Wender
Total Days on Market
9
Current Estimated Value
$299,859

Purchase Details

Listed on
Jun 22, 2018
Closed on
Aug 11, 2018
Sold by
Sommer Anthony and Sommer Anthony G
Bought by
Wender Alexander J and Teplitsky Olga
Seller's Agent
Janet Wehmeir
Kansas City Real Estate, Inc.
Buyer's Agent
JK (John Kenny) Rodricks
Rodricks , Oades & Co. Realty
List Price
$164,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.94%
Original Mortgage
$118,125
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2013
Sold by
Sommer Anthony G and Sommer Karen
Bought by
Sommer Anthony G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,200
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2007
Sold by
Medlin Michael H and Medlin Carol L
Bought by
Sommer Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 2007
Sold by
The Big D Investment Co Llc
Bought by
Medlin Michael H and Medlin Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 1996
Sold by
Derleth Joseph C and Derleth Georgia
Bought by
The Big D Investment Co Llc

Purchase Details

Closed on
Aug 22, 1996
Sold by
Craig Shawn M and Craig Darla A
Bought by
Derleth Joseph C and Derleth Georgia
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
Gr Island Family Trust -- None Listed On Document
Wender Alexander J -- Continental Title
Sommer Anthony G -- None Available
Sommer Anthony -- First American Title
Medlin Michael H -- Coffelt Land Title Inc
The Big D Investment Co Llc -- --
Derleth Joseph C -- Coffelt Land Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wender Alexander J $118,125
Previous Owner Sommer Anthony G $100,200
Previous Owner Sommer Anthony $104,000
Previous Owner Medlin Michael H $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2018 08/15/18 Sold -- -- --
07/01/2018 07/01/18 Pending -- -- --
06/22/2018 06/22/18 For Sale $164,500 -- --
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 $2,378 $33,172 $5,117 $28,055
2023 $2,378 $33,172 $6,561 $26,611
2022 $2,408 $29,830 $3,060 $26,770
2021 $2,458 $29,830 $3,060 $26,770
2020 $2,176 $26,154 $3,060 $23,094
2019 $2,117 $26,154 $3,060 $23,094
2018 $985,949 $22,762 $2,663 $20,099
2017 $1,955 $22,762 $2,663 $20,099
2016 $1,955 $22,192 $3,705 $18,487
2014 $2,035 $22,640 $3,216 $19,424
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2114528

Heartland MLS

APN: 52-730-07-22-00-0-00-000