NOT LISTED FOR SALE

Estimated Value: $462,000

12 Beds
8 Baths
8,976 Sq Ft
$51/Sq Ft Est. Value

Last Sold August 31, 2019

Current estimated payment $3,060/month

88 Days on Market

Highlights

  • 56,192 Sq Ft lot
  • Forced Air Heating and Cooling System
  • Fenced

About This Home

As of August 2019

Great investment opportunity located in west Wichita near Maple and Tyler. Property is a fourplex with large 3 bedroom units. Units all have identical 2 level plus basement floorplans. Upstairs consists of 3 bedrooms and 2 full baths. Master bedroom has ensuite bath and walk in closet. Main level has kitchen with eating space and a dining room and large living room. Basement features another living space and storage with washer/dryer hookups. Each unit is over 2000 sq ft. Exterior has new siding as of 2018 and a new front fence. Property sits on a 1.29 acre lot that is zoned for multi family use. Zoning allows for up to 18 units. All 4 units have tenants under lease. Owner provides trash and lawn maintenance. We will need to give tenants notice to see so will only be able to see one unit at this time. Will get you into all units with approved offer. The one you will see is the least updated of the 4 units. Listing agent is related to the seller.

Last Listed By

Kevin Hartman

Collins & Associates License #00242476 Listed on: 05/06/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,692

Year Built

  • Built in 1976

Lot Details

  • 1.29 Acre Lot
  • Fenced

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 8,976 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Finished Basement

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Parking

  • 10 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Benton Elementary School
  • Wilbur Middle School
  • Northwest High School

Utilities

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

Community Details

  • 4 Units
  • Gross Income $40,800

Listing and Financial Details

  • Tenant pays for electric, gas, water/sewer
  • The owner pays for lawn maintenance, parking, trash
  • Assessor Parcel Number 20173-135-21-0-32-01-019.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,692

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Four To Sixplex
  • Style: Townhouse
  • Estimated Age: 36 - 50 Years
  • Total Specials: 300.52
  • Year Built: 1976
  • Annual Specials: 300.52
  • Estimated TFLA: 8976
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 773

Interior Features

  • Appliances: Dishwasher, Disposal, Over/Range, Refrigerator
  • Floors: Carpet
  • Basement: Yes - Finished
  • Basement Finished Percent: Daylight Window(s), Family Room, Storage
  • Basement Use: Tenant Laundry
  • Number Of Stories: Two

Exterior Features

  • Construction: Vinyl
  • Roof: Composition

Garage/Parking

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

Utilities

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

Association/Amenities

  • Safety Features: Fencing, Smoke/Heat Detector

Schools

  • School District: Wichita School District (USD 259)
  • Elementary School: Benton
  • Middle School: Wilbur
  • High School: Northwest
  • Elementary School: Benton
  • High School: Northwest

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 56192
  • Geo ADDRESS Line: 8510 W Maple St
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Subdivision: KS
  • Geo Update: 05/06/2019
  • Geo Zoom Level: 16

Rental Info

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

Tax Info

  • Assessor Parcel Number: 20173-135-21-0-32-01-019.00
  • General Taxes: 3909.09
  • General Tax Year: 2019

Multi Family

  • Number Of Units: 4
  • Number Of 3 Bedroom Units: 4
  • Rent Per Unit 3 Bedroom: 850
  • Gross Income: 40800

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2019
Closed on
Aug 30, 2019
Sold by
Hartmans Inc
Bought by
Gronlie Timothy
Seller's Agent
Kevin Hartman
Collins & Associates
Buyer's Agent
Eric Harth
Keller Williams Signature Partners, LLC
List Price
$425,000
Sold Price
$380,000
Premium/Discount to List
-$45,000
-10.59%
Total Days on Market
88
Current Estimated Value
$462,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,000
Avg. Annual Appreciation
3.18%
Original Mortgage
$285,000
Outstanding Balance
$252,826
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$202,174

Purchase Details

Closed on
Nov 29, 1999
Sold by
Myers Wayne D and Myers Tomiko N
Bought by
Hartmans Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.88%

Range of Values:

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Average Value
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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
Gronlie Timothy -- Security 1St Title Llc
Hartmans Inc -- Columbian Natl Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gronlie Timothy $285,000
Previous Owner Hartmans Inc $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2019 08/31/19 Sold -- -- --
08/02/2019 08/02/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $425,000 -- $47 / 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
2023 $5,692 $46,806 $3,669 $43,137
2022 $5,607 $46,806 $3,462 $43,344
2021 $5,585 $45,828 $3,462 $42,366
2020 $5,213 $42,460 $3,462 $38,998
2019 $3,739 $29,774 $3,462 $26,312
2018 $3,610 $28,624 $2,059 $26,565
2017 $3,364 $0 $0 $0
2016 $3,357 $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: 566243

South Central Kansas MLS

APN: 135-21-0-32-01-019.00