NOT LISTED FOR SALE

Estimated Value: $234,000 - $258,000

Studio
2 Baths
1,525 Sq Ft
$159/Sq Ft Est. Value

Last Sold November 20, 2023

Current estimated payment $1,408/month

10 Days on Market

About This Home

As of November 2023

Rare chance to purchase a two-family in a quiet neighborhood on almost 1/3 acre. 3 blocks from Lindenwood University, near the new Schnucks, and the St. Charles Historic District. A new roof was just installed, the building was just painted, and the vacant unit was just made rent-ready. The building has 2 bed 1 bath units featuring central air conditioning, in-unit full-size washer and dryer hookup. The average rent for a 2 bedroom apartment within 2 miles in the last year is $1,141 with the average rent of $1.41 per sq. ft., with apartments renting for $1,105, $1,250, $1,396, $1,500 depending on size and updates. One unit left vacant to show and the other unit is occupied month to month by a 12-year tenant below market rent at $850. Units are individually metered with tenants paying water, sewer, gas, and electric bills keeping expenses low.

Last Agent to Sell the Property

Jordan Schoen

Invest St. Louis License #2009024331 Listed on: 10/11/2023

Last Buyer's Agent

Susie Ellis

StoneCastle Realtors License #2013002612

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 78x152x81x22x39x132

Home Design

  • 1,525 Sq Ft Home
  • Duplex
  • Cedar

Parking

  • Additional Parking
  • Off-Street Parking

Schools

  • Lincoln Elem. Elementary School
  • Jefferson / Hardin Middle School
  • St. Charles High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, gas
  • Assessor Parcel Number 6-009C-4396-00-0017.0000000

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Municipality Township: St. Charles
  • Age: 74
  • Ownership: Private
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: No Basement/Slab
  • Square Footage: 1525

Exterior Features

  • Construction: Cedar/Wood

Garage/Parking

  • Parking: Additional Parking, Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • Elementary School: Lincoln Elem.
  • Junior High School: Jefferson / Hardin
  • School District: St. Charles R-VI
  • Senior High School: St. Charles High

Lot Info

  • Lot Dimensions: 78x152x81x22x39x132
  • Lot Sq Ft: 13482
  • Acres: 0.3095

Rental Info

  • Tenancy Type: 1 or More Vacant, Month To Month
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Operating Income: 10200.00
  • Units: 2
  • Total Expenses: 4355.00
  • Type Of Units: 2-Family

Tax Info

  • Taxes Paid: 1549
  • Assessor Parcel Number: 6-009C-4396-00-0017.0000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Nov 20, 2023
Sold by
Amber Terrace Apartments Llc
Bought by
Meyer & Son Development Llc
Seller's Agent
Jordan Schoen
Invest St. Louis
Buyer's Agent
Susie Ellis
StoneCastle Realtors
List Price
$244,000
Views
123
Current Estimated Value
$242,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.48%
Original Mortgage
$183,920
Outstanding Balance
$180,885
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$61,690

Purchase Details

Closed on
Aug 1, 2023
Sold by
Leonidas Properties Llc
Bought by
Amber Terrace Apartments Llc

Purchase Details

Closed on
Feb 26, 2010
Sold by
Meyer Real Estate Co
Bought by
Leonidas Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
5.05%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 12, 2010
Sold by
Farmer John R and Farmer Stacey L
Bought by
Meyer Real Estate Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
5.05%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 5, 2001
Sold by
Farmer John and Farmer John R
Bought by
Farmer John R and Farmer Stacey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,600
Interest Rate
6.84%

Purchase Details

Closed on
Nov 1, 1999
Sold by
Powell Terrace Llc
Bought by
Farmer John
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Meyer & Son Development Llc -- Freedom Title
Amber Terrace Apartments Llc -- None Listed On Document
Leonidas Properties Llc $91,000 Ust
Meyer Real Estate Co $72,886 None Available
Farmer John R -- --
Farmer John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meyer & Son Development Llc $183,920
Previous Owner Leonidas Properties Llc $91,000
Previous Owner Farmer John R $73,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2023 11/20/23 Sold -- -- --
10/22/2023 10/22/23 Pending -- -- --
10/17/2023 10/17/23 Price Changed $229,900 -5.8% $151 / Sq Ft
10/11/2023 10/11/23 For Sale $244,000 -- $160 / Sq Ft
Source: MARIS 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 $1,774 $30,485 -- --
2023 $1,772 $27,414 $0 $0
2022 $1,549 $22,303 $0 $0
2021 $1,551 $22,303 $0 $0
2020 $1,389 $19,163 $0 $0
2019 $1,377 $19,163 $0 $0
2018 $1,287 $16,998 $0 $0
2017 $1,269 $16,998 $0 $0
2016 $1,276 $16,465 $0 $0
2015 $1,274 $16,465 $0 $0
2014 $1,262 $16,098 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23061151

MARIS MLS

APN: 6-009C-4396-00-0017.0000000