Seller's Agent in 2026
Lee Ripma
Lutz Sales + Investments
(619) 508-3803
5 in this area
105 Total Sales
Last list price
8622 Lane Ave Raytown, MO 64138
--
Bed
4
Baths
3,280
Sq Ft
9,745
Sq Ft Lot Lot
About This Home
As of April 2026Don't miss this 1980s-built fourplex featuring four identical 2 Bed/1 Bath units, each with in-unit laundry. The property is sub-metered for gas and electric (water is master-metered) and offers convenient on-site surface parking. Priced attractively per door for being 1980s construction, the investment is currently supported by market rents of $1,000 per month with existing finishes. Significant upside exists through higher-end upgrades. This is a clean, income-producing multifamily asset with strong tenant appeal and excellent growth potential.
Last Agent to Sell the Property
Lutz Sales + Investments Brokerage Phone: 816-866-8322 License #2021021630 Listed on: 04/16/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,426
Year Built
- Built in 1981
Lot Details
- 9,745 Sq Ft Lot
Home Design
- Quadruplex
- Composition Roof
- Stucco
Interior Spaces
- 4 Bathrooms
- 3,280 Sq Ft Home
- 2-Story Property
- Laundry in unit
Parking
- 8 Parking Spaces
- Paved Parking
- Off-Street Parking
Utilities
- Central Air
- Heating System Uses Natural Gas
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number 50-220-17-35-00-0-00-000
- $0 special tax assessment
Community Details
Overview
- No Home Owners Association
- 4 Units
- Lane At 87 St Apts Subdivision
Building Details
- Gross Income $48,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 16, 2026
Closed on
Apr 9, 2026
Sold by
Crystal Au and Jonathan Li
Bought by
Mouradian Vartan
Seller's Agent
Lee Ripma
Lutz Sales + Investments
Buyer's Agent
Michelle Lutz
Lutz Sales + Investments
List Price
$427,600
Views
1
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1981540.79%
Original Mortgage
$263,600
Outstanding Balance
$263,600
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$371,612
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.94%
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
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Security 1St Title | |
| Warranty Deed | -- | Mccaffree Short Title | |
| Warranty Deed | -- | Old Republic Title Company | |
| Corporate Deed | -- | -- | |
| Trustee Deed | $85,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $263,600 | New Conventional | |
| Previous Owner | $133,600 | Purchase Money Mortgage | |
| Previous Owner | $99,850 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/16/2026 04/16/26 | Sold | -- | -- | -- | |
| 04/16/2026 04/16/26 | Pending | -- | -- | -- | |
| 04/16/2026 04/16/26 | For Sale | $427,600 | -43.0% | $130 / Sq Ft | |
| 10/30/2020 10/30/20 | Sold | -- | -- | -- | View Prior Sale |
| 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
| 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
-
Lee Ripma
-
Michelle Lutz
Buyer's Agent in 2026
Michelle Lutz
Lutz Sales + Investments
(913) 308-0303
12 in this area
209 Total Sales
-
Gina Whitcomb
G
Seller's Agent in 2020
Gina Whitcomb
ReeceNichols - Leawood
(913) 522-4856
22 Total Sales
-
Gayla Hiatt
Buyer's Agent in 2020
Gayla Hiatt
Keller Williams KC North
(913) 424-5023
165 Total Sales
Map
Source: Heartland MLS
MLS Number: 2614798
APN: 50-220-17-35-00-0-00-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Listings courtesy of Heartland MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888) 952-6393
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