NOT LISTED FOR SALE

719 NE Barnes Dr Lees Summit, MO 64086

Estimated Value: $384,000 - $447,000

8 Beds
4 Baths
-- Sq Ft
0.4 Acres

Last Sold December 18, 2017

Current estimated payment $2,505/month

5 Days on Market

About This Home

As of December 2017

Don't miss out on the great cash flow potential! The only 4-Plex currently on the market in Lee's Summit! Two units occupied and two are vacant. Vacant units have been cleaned out and need a bit of work to get back to rent ready. Unit is priced to sell as-is. Recent 4plex in the same neighborhood just sold at 250k! Great potential to increase rent amounts as well. Can be sold by itself or packaged with a duplex in the same neighborhood (MLS 2079812).

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

Ginny Moore

Realty Executives License #2015027996

Realty Executives

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,242

Year Built

  • Built in 1986

Lot Details

  • 0.4

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Composition Roof

Schools

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

Additional Features

  • 2-Story Property
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 52-730-07-33-00-0-00-000

Community Details

Overview

  • 4 Units
  • Breckenridge Estates Subdivision
  • On-Site Maintenance

Building Details

  • Gross Income $28,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,242

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Age Description: 31-40 Years
  • Legal Description: breckenridge estates 2nd lot 39
  • Package: Optional
  • Year Built: 1986
  • 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 Description: Building Exterior, Lawn
  • Maintenance Provided: Yes
  • Mls Status: Sold
  • Operating Expense: 5086
  • Special Documents Required: No
  • Tax Total Amount: 3242
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick Veneer

Garage/Parking

  • Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters
  • Cooling: Yes
  • 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: 52-730-07-33-00-0-00-000
  • Subdivision Name: Breckenridge Estates

Rental Info

  • Existing Lease Terms: 12 Months, Month To Month

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Income: 28200
  • Current Occupancy Rate: Under 80%
  • Operating Expenses Include: Property Insurance, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 3242.00

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
Dec 12, 2017
Sold by
Mccnalochani Pamela
Bought by
Bentwood Capital Llc
Seller's Agent
Vinny Monarez
Keller Williams Platinum Prtnr
Buyer's Agent
Ginny Moore
Realty Executives
List Price
$225,000
Current Estimated Value
$395,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.05%

Purchase Details

Closed on
Dec 11, 2007
Sold by
Us Bank Na
Bought by
Pamela Narayanan 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
$166,500
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 9, 2007
Sold by
Capinaris Christopher
Bought by
Us Bank Na and Countrywide Home Loans Tx

Purchase Details

Closed on
May 18, 2005
Sold by
Shapiro Charlotte
Bought by
Capinaris Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 31, 1999
Sold by
Shaffer Stuart R
Bought by
Danial N Spurck Revocable Trust
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
Bentwood Capital Llc -- Continental Title
Pamela Narayanan Krishnan -- None Available
Us Bank Na $195,276 Continental Title Company
Capinaris Christopher -- First American Title Ins Co
Danial N Spurck Revocable Trust -- Coffelt Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pamela Narayanan Krishnan $166,500
Previous Owner Capinaris Christopher $222,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2017 12/18/17 Sold -- -- --
11/24/2017 11/24/17 Pending -- -- --
11/19/2017 11/19/17 For Sale $225,000 -- --
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 $4,079 $56,903 $12,458 $44,445
2023 $4,079 $56,903 $15,059 $41,844
2022 $4,034 $49,970 $10,384 $39,586
2021 $4,117 $49,970 $10,384 $39,586
2020 $4,156 $49,949 $10,384 $39,565
2019 $4,042 $49,949 $10,384 $39,565
2018 $985,960 $37,846 $3,690 $34,156
2017 $3,301 $37,846 $3,690 $34,156
2016 $3,251 $36,898 $3,306 $33,592
2014 $3,141 $34,950 $3,292 $31,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2079810

Heartland MLS

APN: 52-730-07-33-00-0-00-000