Estimated payment $1,624/month
Highlights
- 0.79 Acre Lot
- Ranch Style House
- 1 Car Attached Garage
- Mature Trees
- No HOA
- 4-minute walk to Dubarry Park
About This Home
Investor opportunity with solid returns and future growth potential. This income-producing property at 8560 E 38th Street is being sold together with the adjacent parcel at 8554 E 38th Street. The home is currently rented for $1,900 per month, providing immediate and consistent cash flow. A great option for investors seeking a turnkey rental with a stable tenant already in place. The second parcel, 8554 E 38th Street, is a separate lot with its own street access and address, making it an ideal buildable site. This gives the new owner flexibility to develop another home, expand rental holdings, or hold the land for future appreciation. Opportunities to purchase an existing rented property alongside a buildable lot are limited, making this package a valuable long-term investment. The existing home offers comfortable living space, a functional layout, and a well-maintained interior, ensuring continued tenant satisfaction and low vacancy potential. Located near shopping, schools, and major roads, the property benefits from strong rental demand and convenient access to local amenities. This package provides both short-term income and long-term upside-perfect for investors looking to expand their portfolio with minimal effort. Acquire a tenant-occupied property that pays from day one and gain a second parcel ready for future development or resale. All information deemed reliable but not guaranteed. Buyers to verify lot dimensions, zoning, lease details, and development potential.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,336
Year Built
- Built in 1948 | Remodeled
Lot Details
- 0.79 Acre Lot
- Mature Trees
Parking
- 1 Car Attached Garage
Home Design
- Ranch Style House
- Brick Exterior Construction
- Block Foundation
- Vinyl Construction Material
Interior Spaces
- 1,728 Sq Ft Home
- Family Room with Fireplace
- Storage
- Carpet
- Attic Access Panel
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Oven
- Electric Cooktop
- Range Hood
- Microwave
- Free-Standing Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Dryer
- Washer
Location
- Property is near a bus stop
Utilities
- Central Air
- Electric Water Heater
- Water Purifier
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 49-08-18-122-004.000-400
- Assessor Parcel Number 490818122004000400
Home Values in the Area
Average Home Value in this Area
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 | $5,328 | $233,600 | $21,300 | $212,300 |
| 2023 | $5,328 | $235,900 | $21,300 | $214,600 |
| 2022 | $3,530 | $235,900 | $21,300 | $214,600 |
| 2021 | $3,282 | $140,600 | $21,300 | $119,300 |
| 2020 | $5,270 | $125,100 | $21,300 | $103,800 |
| 2019 | $2,502 | $117,800 | $21,300 | $96,500 |
| 2018 | $2,600 | $123,000 | $21,300 | $101,700 |
| 2017 | $2,575 | $122,000 | $21,300 | $100,700 |
| 2016 | $2,520 | $119,500 | $21,300 | $98,200 |
| 2014 | $2,318 | $115,900 | $21,300 | $94,600 |
| 2013 | $2,318 | $115,900 | $21,300 | $94,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/13/2025 11/13/25 | Price Changed | $255,000 | +19.2% | $148 / Sq Ft | |
| 10/28/2025 10/28/25 | For Sale | $214,000 | 0.0% | $124 / Sq Ft | |
| 10/01/2025 10/01/25 | Pending | -- | -- | -- | |
| 08/27/2025 08/27/25 | For Sale | $214,000 | 0.0% | $124 / Sq Ft | |
| 08/10/2025 08/10/25 | Pending | -- | -- | -- | |
| 06/17/2025 06/17/25 | Price Changed | $214,000 | -2.3% | $124 / Sq Ft | |
| 06/10/2025 06/10/25 | Price Changed | $219,000 | -2.7% | $127 / Sq Ft | |
| 05/31/2025 05/31/25 | Price Changed | $225,000 | -1.7% | $130 / Sq Ft | |
| 05/29/2025 05/29/25 | Price Changed | $229,000 | -14.6% | $133 / Sq Ft | |
| 05/14/2025 05/14/25 | Price Changed | $268,000 | -2.5% | $155 / Sq Ft | |
| 05/05/2025 05/05/25 | Price Changed | $275,000 | -3.5% | $159 / Sq Ft | |
| 05/02/2025 05/02/25 | Price Changed | $285,000 | -1.7% | $165 / Sq Ft | |
| 05/01/2025 05/01/25 | Price Changed | $290,000 | -3.3% | $168 / Sq Ft | |
| 04/28/2025 04/28/25 | Price Changed | $300,000 | -4.8% | $174 / Sq Ft | |
| 04/23/2025 04/23/25 | Price Changed | $315,000 | -5.9% | $182 / Sq Ft | |
| 04/19/2025 04/19/25 | Price Changed | $334,900 | -1.2% | $194 / Sq Ft | |
| 04/14/2025 04/14/25 | Price Changed | $339,000 | -3.1% | $196 / Sq Ft | |
| 04/11/2025 04/11/25 | For Sale | $350,000 | +68.3% | $203 / Sq Ft | |
| 02/22/2022 02/22/22 | Sold | $208,000 | -9.6% | $120 / Sq Ft | View Prior Sale |
| 10/27/2021 10/27/21 | Pending | -- | -- | -- | |
| 10/13/2021 10/13/21 | For Sale | -- | -- | -- | |
| 10/11/2021 10/11/21 | Pending | -- | -- | -- | |
| 10/10/2021 10/10/21 | For Sale | -- | -- | -- | |
| 09/22/2021 09/22/21 | Pending | -- | -- | -- | |
| 08/29/2021 08/29/21 | For Sale | $229,990 | -- | $133 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $206,274 | Schmitz David A | |
| Warranty Deed | $208,000 | Schmitz David A | |
| Warranty Deed | $20,000 | None Available | |
| Limited Warranty Deed | -- | First American Title | |
| Sheriffs Deed | $43,120 | None Available | |
| Special Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $204,232 | FHA | |
| Closed | $204,232 | FHA | |
| Previous Owner | $15,780 | Stand Alone Second |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22031726
APN: 49-08-18-122-004.000-400
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.
Based on information submitted to the MLS GRID. 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.
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