NOT LISTED FOR SALE

9164 W 78th Terrace Overland Park, KS 66204

Estimated Value: $473,000

8 Beds
6 Baths
3,360 Sq Ft
$141/Sq Ft Est. Value

Last Sold June 08, 2018

Current estimated payment $2,870/month

16 Days on Market

Highlights

  • Deck
  • Formal Dining Room
  • Board and Batten Siding
  • Shawnee Mission West High School Rated A-
  • Fireplace
  • Forced Air Heating and Cooling System

About This Home

As of June 2018

This turn-key income property was formally owner-occupied and fully remodeled ($100K worth) in 2016/2017 and is now fully leased until August 2019 / May 2020 @ $1,500 per month each side! Motivated seller has it aggressively priced to sell at April’s Appraisal Price with recent comps of a discounted multiple of 8.75 times annual rent totaling only $315K! $36,000 annual gross income with all utilities at $5,362.05 and property taxes of $2,994.45 estimating net monthly profits before mortgage of $2,300 per month! Also the City of Overland Park has announced a $322K neighborhood improvement and beautification project providing tree removal, driveway pavement, redirecting water drainage, installing streetlights and sidewalks.

Last Agent to Sell the Property

Erik Collier

Traditions Real Estate LLC License #SP00232407 Listed on: 04/14/2018

Last Buyer's Agent

Andrew Carter

Real Broker, LLC License #SP00236295

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,947

Year Built

  • Built in 1977

Lot Details

  • 8,690 Sq Ft Lot
  • Private Entrance

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof
  • Board and Batten Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Formal Dining Room
  • Finished Basement
  • Laundry in Basement

Outdoor Features

  • Deck

Schools

  • Comanche Elementary School
  • Sm West High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Community Details

  • 2 Units
  • Gross Income $36,000

Listing and Financial Details

  • Assessor Parcel Number NF241224-4045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,947

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 41-50 Years
  • Legal Description: 24-12-24 BG 458.69' N & 229' W SE CR SW1/4 SE1/4 W 103.24' N 84.23' SE 128.27' SLY ALG CUR 64.42' S 15.27' TO POB (TR 8) .29 ACS M/L OPC 742A 1
  • Package: No
  • Year Built: 1977
  • Senior Community: No
  • Dining Area Features: Formal
  • 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: Erik Collier
  • List Office Mls Id: KW05
  • List Office Name: Keller Williams Diamond Part
  • List Office Phone: 913-322-7500
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 8200
  • Special Documents Required: No
  • Tax Special Amount: 468
  • Tax Total Amount: 3415
  • Unit Type: 4 Bedroom Or More
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Interior Amenities: Apply To All Units, Private Entry
  • Basement: Finished
  • Basement: Yes
  • Fireplace: Yes
  • Laundry Features: In The Basement
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Board/Batten, Vinyl Siding
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Separate Meters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Schools

  • School District: Shawnee Mission
  • Elementary School: Comanche
  • Middle School: Westridge
  • High School: SM West
  • Middle/Junior School: Westridge

Lot Info

  • In Floodplain: Unknown
  • Zoning: RP-2
  • Lot Size Area: 8690.00
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 8690.00
  • Parcel Number: NF241224-4045

Rental Info

  • Existing Lease Terms: 12 Months

Building Info

  • Number of Units Total: 2

Multi Family

  • Gross Income: 36000
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: All Utilities, Maintenance, Real Estate Tax, Refuse Collection

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 2947.00

MLS Schools

  • Elementary School: Comanche
  • School District: Shawnee Mission
  • High School: SM West

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2016
Closed on
May 19, 2016
Sold by
Fannie Mae
Bought by
Bhakta Kokilaben
Seller's Agent
Millie Mangas
RE/MAX Realty Suburban Inc
Buyer's Agent
Martin Taggart
LPT Realty LLC
List Price
$207,900
Current Estimated Value
$473,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.28%

Purchase Details

Closed on
Sep 29, 2015
Sold by
Thompson David J and Thompson Susan J
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 9, 2005
Sold by
Knarr W Macolm
Bought by
Thompson David J and Thompson Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
5.61%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Bhakta Kokilaben -- Continental Title
Federal National Mortgage Association -- None Available
Thompson David J -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thompson David J $201,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/08/2018 06/08/18 Sold -- -- --
04/14/2018 04/14/18 For Sale $315,500 +51.8% $94 / Sq Ft
05/25/2016 05/25/16 Sold -- -- -- View Prior Sale
04/25/2016 04/25/16 Pending -- -- --
04/14/2016 04/14/16 For Sale $207,900 -- $62 / 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
2024 $4,430 $45,380 $4,888 $40,492
2023 $4,274 $43,217 $4,469 $38,748
2022 $3,944 $40,170 $4,469 $35,701
2021 -- $38,847 $3,892 $34,955
2020 $3,774 $36,800 $4,040 $32,760
2019 $3,644 $35,420 $3,532 $31,888
2018 $2,636 $25,450 $3,532 $21,918
2017 $2,433 $23,126 $3,191 $19,935
2016 $2,794 $26,151 $3,191 $22,960
2015 $2,965 $24,345 $3,191 $21,154
2013 -- $22,758 $3,191 $19,567
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2100134

Heartland MLS

APN: NF241224-4045