NOT LISTED FOR SALE

925 N Jan Mar St Olathe, KS 66061

Estimated Value: $300,000 - $590,000

4 Beds
2 Baths
1,945 Sq Ft
$199/Sq Ft Est. Value

Last Sold September 14, 2023

Current estimated payment $2,314/month

13 Days on Market

Highlights

  • No HOA
  • Board and Batten Siding
  • 3 Car Garage
  • Olathe North Sr High School Rated A
  • Central Air

About This Home

As of September 2023

5 Duplexes - 10 units - available in Olathe. Backs to Two Trails Park. Walk to Elementary/Middle School. Each offers 3bed+1bath. In unit laundry. All tenant paid utilities. Central HVAC. All units have new garages + additional parking. Newly fenced yards. New roofs. All foundations in excellent condition. Huge demand. Rents have increased every year; renovated units increased 40%. Package includes: 925-927 Jan Mar; 1005-1007 Jan Mar; 1009-1011 Jan Mar; 1013-1015 Jan Mar; 1501-1503 Leona.

Last Agent to Sell the Property

Kylee Fishwick

Compass Realty Group Brokerage Phone: 913-333-9104 License #SP00239540 Listed on: 06/16/2023

Compass Realty Group

Co-Listed By

Amy Greif

Compass Realty Group Brokerage Phone: 913-333-9104 License #SP00232164

Last Buyer's Agent

Julie Kempin

ReeceNichols -The Village License #SP00052671

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,477

Year Built

  • Built in 1972

Lot Details

  • 9,545 Sq Ft Lot

Parking

  • 3 Car Garage

Home Design

  • Brick Frame
  • Composition Roof
  • Board and Batten Siding

Interior Spaces

  • 1,945 Sq Ft Home
  • 2-Story Property
  • Basement
  • Laundry in Basement

Schools

  • Washington Elementary School
  • Olathe North High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number DP28100006-0025
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Gaslight Acres Subdivision

Building Details

  • Gross Income $151,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,477

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Package of Properties
  • Year Built: 1972
  • Co List Office Mls Id: HMSBASHGP
  • Co List Office Name: Element Sotheby’s Internationa
  • Co List Office Phone: 913-744-4700
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Kylee Fishwick
  • List Office Mls Id: HMSBASHGP
  • List Office Name: Element Sotheby’s Internationa
  • List Office Phone: 913-744-4700
  • Mls Status: Sold
  • Operating Expense: 39461
  • Age Description: 51-75 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 11477
  • Value Range Pricing YN: 1
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Package: Yes
  • Attribution Contact: 913-333-9104
  • Special Features: None

Interior Features

  • Basement: Yes
  • Laundry Features: In Basement, Inside
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Board/Batten, Brick & Frame

Garage/Parking

  • Garage: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3

Utilities

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

Association/Amenities

  • Association: No

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Fee Information

  • Deposit: McCaffree Short Title Co

Schools

  • Middle/Junior School: Santa Fe Trail
  • Junior High Dist: Olathe

Lot Info

  • Zoning: R2
  • Building Area Total: 1945
  • Lot Size Area: 9545
  • Lot Size Sq Ft: 9545
  • Parcel Number: DP28100006-0025
  • Subdivision Name: Gaslight Acres
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: No

Building Info

  • Number of Units Total: 10

Rental Info

  • Existing Lease Terms: One Year Lease

Multi Family

  • Gross Income: 151680
  • Current Occupancy Rate: Over 95%
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 11477
  • Tax Abatement YN: 0

MLS Schools

  • Elementary School: Washington
  • High School: Olathe North

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2024
Sold by
South Props Llc
Bought by
South Props Llc
Current Estimated Value
$386,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,419,796
Outstanding Balance
$1,414,560
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
-$1,047,455

Purchase Details

Listed on
Jun 16, 2023
Closed on
Sep 12, 2023
Sold by
Kovastar Gaslight Dplx Llc
Bought by
South Props Llc
Seller's Agent
Kylee Fishwick
Compass Realty Group
Buyer's Agent
Julie Kempin
ReeceNichols -The Village
List Price
$1,825,000
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-54.78%
Original Mortgage
$1,395,475
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2020
Sold by
Grace Olathe Duplexes Llc
Bought by
Kovastar Gaslight Dplx Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,061,250
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage
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
South Props Llc -- Security 1St Title
South Props Llc -- Security 1St Title
South Props Llc -- Mccaffree Short Title
Kovastar Gaslight Dplx Llc -- Platinum Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open South Props Llc $1,419,796
Closed South Props Llc $1,419,796
Previous Owner South Props Llc $1,395,475
Previous Owner Kovastar Gaslight Dplx Llc $1,277,500
Previous Owner Kovastar Gaslight Dplx Llc $1,061,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2023 09/14/23 Sold -- -- --
06/30/2023 06/30/23 Pending -- -- --
06/16/2023 06/16/23 For Sale $1,825,000 +860.8% $938 / Sq Ft
01/31/2018 01/31/18 Sold -- -- --
11/28/2017 11/28/17 Pending -- -- --
11/08/2017 11/08/17 For Sale $189,950 -- $115 / 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 $2,495 $22,908 $5,781 $17,127
2023 $2,601 $23,057 $5,253 $17,804
2022 $2,378 $20,527 $4,373 $16,154
2021 $2,378 $18,101 $4,373 $13,728
2020 $2,108 $17,077 $3,798 $13,279
2019 $2,182 $17,537 $3,798 $13,739
2018 $1,939 $15,513 $3,306 $12,207
2017 $1,728 $13,720 $3,002 $10,718
2016 $1,551 $12,662 $3,002 $9,660
2015 $1,466 $11,994 $2,732 $9,262
2013 -- $10,764 $2,550 $8,214
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2440720

Heartland MLS

APN: DP28100006-0025