NOT LISTED FOR SALE
80 Beds
24 Baths
39,600 Sq Ft
1.81 Acre Lot

Sale Details

Date Sold: December 19, 2019

32 Days on Market

Highlights

  • 1.81 Acre Lot
  • Breakfast Area or Nook
  • Forced Air Heating and Cooling System
  • Great Room
  • Brick or Stone Mason
  • Baseboard Heating

About This Home

As of December 2019

56 Unit apt complex located on 1.8 acres across the street from Home Heights Park and minutes from downtown Clayton and the airport. Comprised of 10 brick buildings with pitched roofs & plenty of parking for the tenants. 24 two-bed & 32 one-bed apts. From August 2018 to July 2019 the property generated $363,261 with a net income of $230,129. Current occupancy is at 98%. There have been updates to many of the units including updated kitchen cabinets, flooring, double pane windows, etc. Other recent capital improvements include emergency fire escapes, welding, and PVC plumbing stack replacement.

Last Agent to Sell the Property

Jordan Schoen

Invest St. Louis License #2009024331 Listed on: 05/31/2019

Last Buyer's Agent

Brian Estey

The Estey Real Estate Group License #2007010320

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1959

Lot Details

  • 1.81 Acre Lot
  • Lot Dimensions are 191'x305'x327'x335'

Parking

  • Parking Lot

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 39,600 Sq Ft Home
  • Great Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Uses Gas
  • Wall Furnace
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, gas
  • Assessor Parcel Number 14K-52-0114

Community Details

Overview

  • 10 Buildings
  • Low-Rise Community

Amenities

  • Coin Laundry

Property Details

Home Type

Apartment

Year Built

Built in 1959

Lot Details

1.81 Acres

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex
  • Municipality Township: St. John
  • Special Description: Rehabbed
  • Age: 60
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Coin Operated, Common Laundry
  • Square Footage: 39600

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: Parking Lot

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas
  • Cooling: Wall Unit(s), Central-Electric, Window Unit(s)
  • Heating: Baseboard, Forced Air, Individual Furnaces

Lot Info

  • Lot Dimensions: 191'x305'x327'x335'
  • Lot Sq Ft: 78844
  • Location: Suburban
  • Acres: 1.8100

Rental Info

  • Tenancy Type: Leases, Month To Month
  • Tenant Pays: Cable TV/Satellite, Electric, Gas

Multi Family

  • Building Number: 10
  • Gross Operating Income: 363261.00
  • Total Expenses: 133132.00

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 38760
  • Assessor Parcel Number: 14K-52-0114

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2019
Closed on
Dec 19, 2019
Sold by
Bought by
Seller's Agent
Jordan Schoen
Invest St. Louis
Buyer's Agent
Brian Estey
The Estey Real Estate Group
List Price
$3,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,324,000
Outstanding Balance
$2,008,688
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 15, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,295,000
Interest Rate
4.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 30, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
5.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
5.57%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,800,000 True Title Company Llc
$1,850,000 Investors Title Co Clayton
$1,848,000 --
$2,250,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,324,000
Previous Owner $1,295,000
Previous Owner $1,800,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/19/2019 12/19/19 Sold -- -- --
11/07/2019 11/07/19 Price Changed $2,975,000 -4.0% $75 / Sq Ft
10/24/2019 10/24/19 For Sale $3,100,000 0.0% $78 / Sq Ft
07/03/2019 07/03/19 Pending -- -- --
05/31/2019 05/31/19 For Sale $3,100,000 -- $78 / Sq Ft
Source: MARIS MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $48,010 $948,420 $212,800 $735,620
2024 $48,010 $562,950 $53,200 $509,750
2023 $47,042 $562,950 $53,200 $509,750
2022 $51,354 $538,370 $53,200 $485,170
2021 $51,344 $538,370 $53,200 $485,170
2020 $50,275 $484,600 $53,200 $431,400
2019 $49,691 $484,600 $53,200 $431,400
2018 $38,759 $340,500 $53,200 $287,300
2017 $36,965 $340,500 $53,200 $287,300
2016 $26,378 $354,980 $53,200 $301,780
2015 $39,196 $354,980 $53,200 $301,780
2014 $34,922 $321,440 $106,400 $215,040
Source: Public Records

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Map

Source: MARIS MLS

MLS Number: MIS19040346

MARIS MLS

APN: 14K-5-2-011-4

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