NOT LISTED FOR SALE

8622 Lane Ave Raytown, MO 64138

Estimated Value: $297,000 - $1,088,039

8 Beds
4 Baths
3,280 Sq Ft
$168/Sq Ft Est. Value

Last Sold October 30, 2020

Current estimated payment $3,245/month

4 Days on Market

Highlights

  • Loft
  • Private Entrance
  • Family Room
  • Central Heating and Cooling System

About This Home

As of October 2020

Income Producing Investor Opportunity to purchase 3 Four Plex Units Side by Side. Package includes 8622,8626,8630 Lane
Package cost $750K.Each unit is 2Bdrm 1 Bath, 820 sq ft, Central Air, Fully equipped kitchens w/Dishwasher, Washer/Dryer Hookups, Dining Rm, Living Rm, Walk in Closet, Deck or Patio, Private Parking. Residential Neighborhood, Convenient location to all of KC Metro, Minutes to Downtown, Sports Stadiums. Positive Cash Flow.Please see supplements for Commercial Sales Contract & Brokerage Disclosure Please see supplements for Commercial Sales Contract & Brokerage Disclosure- Please submit offers on these forms.

Last Agent to Sell the Property

Gina Whitcomb

ReeceNichols - Leawood License #SP00230955 Listed on: 08/27/2020

ReeceNichols - Leawood

Last Buyer's Agent

Gayla Hiatt

Keller Williams KC North

Keller Williams KC North

Property Details

Property Type

  • Other

Year Built

  • Built in 1981

Lot Details

  • 9,745 Sq Ft Lot
  • Private Entrance

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Family Room
  • Loft
  • Laundry in unit

Parking

  • Paved Parking
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 50-220-17-35-00-0-00-000

Community Details

Overview

  • 4 Units
  • Lane At 87 St Apts Subdivision

Building Details

  • Gross Income $95,000

Property Details

Property Type

Other

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Package of Properties
  • Age Description: 31-40 Years
  • Legal Description: LANE AT 87TH STREET APTS---LOT 4
  • Package: Yes
  • Year Built: 1981
  • Senior Community: No
  • 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: Gina Whitcomb
  • List Office Mls Id: RAN 05
  • List Office Name: ReeceNichols - Leawood
  • List Office Phone: 913-851-7300
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 50000
  • Other Room Features: Balcony/Loft, Family Room, Private Bath
  • Special Documents Required: No
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Interior Amenities: Private Entry
  • Basement: No
  • Laundry Features: Inside
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage: No
  • Parking Features: Off Street, Paved

Utilities

  • Cooling: Central Electric
  • Heating: Central Gas
  • Sewer: City/Public
  • Telecommunications: Cable - Available, Fiber - Available
  • Utilities: Cent Water Heater, Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Lot Info

  • In Floodplain: Unknown
  • Zoning: r
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 9745.00
  • Parcel Number: 50-220-17-35-00-0-00-000
  • Subdivision Name: Lane at 87 St Apts

Rental Info

  • Existing Lease Terms: Month To Month

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Income: 95000
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Maintenance, Personal Prop Tax, Property Insurance

Tax Info

  • Tax Abatement: No

MLS Schools

  • School District: Raytown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Nov 3, 2020
Sold by
Barnett Patricia
Bought by
Au Crystal
Seller's Agent
Gina Whitcomb
ReeceNichols - Leawood
Buyer's Agent
Gayla Hiatt
Keller Williams KC North
List Price
$750,000
Current Estimated Value
$549,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.98%

Purchase Details

Closed on
Dec 27, 2002
Sold by
Wood Lyn Marie and Wood William Halbert
Bought by
Barnett Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,600
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 1997
Sold by
North American Savings Bank Fsb
Bought by
Wood Lyn Marie and Wood William Halbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,850
Interest Rate
7.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 1997
Sold by
Edwards William S
Bought by
American Svgs Bank Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,850
Interest Rate
7.43%
Mortgage Type
Purchase Money Mortgage
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
Au Crystal -- Mccaffree Short Title
Barnett Patricia -- Old Republic Title Company
Wood Lyn Marie -- --
American Svgs Bank Fsb $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barnett Patricia $133,600
Previous Owner Wood Lyn Marie $99,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold -- -- --
08/31/2020 08/31/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $750,000 -- $229 / Sq Ft
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
2025 $4,461 $48,746 $6,832 $41,914
2024 $4,431 $49,451 $6,002 $43,449
2023 $4,431 $49,452 $7,965 $41,487
2022 $3,467 $36,860 $4,171 $32,689
2021 $3,479 $36,860 $4,171 $32,689
2020 $3,350 $35,151 $4,171 $30,980
2019 $3,332 $37,946 $4,171 $33,775
2018 $1,973 $21,554 $2,101 $19,453
2017 $1,973 $21,554 $2,101 $19,453
2016 $1,912 $21,014 $2,280 $18,734
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2239881

Heartland MLS

APN: 50-220-17-35-00-0-00-000