NOT LISTED FOR SALE

706 NE Banner Dr Lees Summit, MO 64086

Estimated Value: $298,045 - $366,000

6 Beds
2 Baths
-- Sq Ft
0.29 Acres

Last Sold March 05, 2018

Current estimated payment $1,942/month

48 Days on Market

Highlights

  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Bernard C. Campbell Middle School Rated A
  • Garage
  • Carpet

About This Home

As of March 2018

CASH FLOWING DUPLEX in Lee's Summit! Fully Occupied and ready for a new owner! Great space with 3rd non-conforming room in the basement. Tenants pay all of their own utilities. Leases and rent rolls are available by request. We are working to schedule all showings this Thursday 12/21/17. Please have any in by Thursday night so my seller can make her decision by Noon on Friday. Thanks!

Last Agent to Sell the Property

Vinny Monarez

Keller Williams Platinum Prtnr License #2014018755 Listed on: 11/19/2017

Keller Williams Platinum Prtnr

Last Buyer's Agent

Shelley Lee

ReeceNichols - Lees Summit License #2014030804

ReeceNichols - Lees Summit

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,367

Year Built

  • Built in 1980

Lot Details

  • 0.29

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Carpet
  • Fire and Smoke Detector
  • Eat-In Kitchen
  • Laundry in Garage
  • Basement

Parking

  • Garage
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 52-730-03-05-00-0-00-000

Community Details

Overview

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

Additional Features

  • Recreation Room
  • Gross Income $18,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,367

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 31-40 Years
  • Legal Description: Banner Grove Estates Lot 11
  • Package: Optional
  • Year Built: 1980
  • Dining Area Features: Eat-In Kitchen
  • 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: Vinny Monarez
  • List Office Mls Id: KW02
  • List Office Name: Keller Williams Platinum Prtnr
  • List Office Phone: 816-525-7000
  • Maintenance Provided: Yes
  • Mls Status: Sold
  • Operating Expense: 4095
  • Special Documents Required: No
  • Tax Total Amount: 2367
  • Unit Type: 3 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Interior Amenities: Recreation Room
  • Basement: Yes
  • Flooring: Carpeted Floors
  • Laundry Features: In The Garage
  • Stories: 2
  • Window Features: Storms- Partial

Exterior Features

  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage: Yes
  • Parking Features: Garage, Off Street

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas, Natural Gas
  • Sewer: City/Public
  • Telecommunications: Metro Free
  • Utilities: Separate Meters
  • Cooling: Yes
  • Security Features: Smoke Detector
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager

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: No
  • Zoning: Multi
  • Parcel Number: 52-730-03-05-00-0-00-000
  • Subdivision Name: Banner Grove Estates

Rental Info

  • Existing Lease Terms: 12 Months, Month To Month

Building Info

  • Number of Units Total: 2

Multi Family

  • Gross Income: 18900
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Property Insurance, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 2367.00

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

Listed on
Nov 19, 2017
Closed on
Feb 16, 2018
Sold by
Meenalochanik Pamela
Bought by
Liu Haobo
Seller's Agent
Vinny Monarez
Keller Williams Platinum Prtnr
Buyer's Agent
Shelley Lee
ReeceNichols - Lees Summit
List Price
$150,000
Current Estimated Value
$317,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.56%
Original Mortgage
$103,500
Outstanding Balance
$88,957
Interest Rate
4.04%
Mortgage Type
New Conventional
Estimated Equity
$245,848

Purchase Details

Closed on
Nov 13, 2017
Sold by
Narayanan Krishnan
Bought by
Meenalochani Pamela

Purchase Details

Closed on
Feb 10, 2005
Sold by
Medlin Delbert L and Medlin Mary Lou
Bought by
Pamela Naravanan Krishnan and Pamela Meenalochani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2001
Sold by
M & R Construction Llc
Bought by
Medlin Delbert L and Medlin Mary Lou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,600
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 1997
Sold by
Buehrer Jace A and Buehrer Linda L
Bought by
Grizzell David L and Grizzell Barbara E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,400
Interest Rate
7.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 1996
Sold by
Davis Donald P and Davis Cindy D
Bought by
Buehrer Jack A
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
Liu Haobo -- Continental Title
Meenalochani Pamela -- Continental Title
Pamela Naravanan Krishnan -- Ctic
Medlin Delbert L -- Coffelt Land Title
M & R Construction Llc -- Coffelt Land Title
Grizzell David L -- Coffelt Land Title Inc
Buehrer Jack A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Haobo $103,500
Previous Owner Pamela Naravanan Krishnan $146,000
Previous Owner Medlin Delbert L $125,600
Previous Owner Grizzell David L $76,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2018 03/05/18 Sold -- -- --
01/06/2018 01/06/18 Pending -- -- --
12/20/2017 12/20/17 For Sale $150,000 0.0% --
11/21/2017 11/21/17 Off Market -- -- --
11/19/2017 11/19/17 For Sale $150,000 -- --
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 $2,581 $36,013 $4,976 $31,037
2023 $2,581 $36,013 $6,259 $29,754
2022 $2,561 $31,730 $3,715 $28,015
2021 $2,614 $31,730 $3,715 $28,015
2020 $2,642 $31,752 $3,715 $28,037
2019 $2,570 $31,752 $3,715 $28,037
2018 $2,410 $27,634 $3,233 $24,401
2017 $2,410 $27,634 $3,233 $24,401
2016 $2,374 $26,942 $3,439 $23,503
2014 $2,405 $26,756 $3,216 $23,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2079812

Heartland MLS

APN: 52-730-03-05-00-0-00-000