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506 East 131st Court

506 East 131st Court, Kansas City, MO 64145
House in Martin City
Sold Sep 22, 2021
$185,000
$148,000 by Partnership Financial Cu
Mortgage Due Oct 01, 2051
Sold Mar 29, 2019
Transfer
506 East 131st Court has been categorized by the local assessors in Kansas City, MO as a residential type of property. The building on the property was first built in 1950 and is 74 years old. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 506 East 131st Court has 1,225 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,160 ft and across the front of the lot is 810 ft. The area measurement of the land has been determined as 9,488 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 224 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with steel control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of wood siding. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 506 East 131st Court was last sold in Sep 13, 2021 for $185,000. According to our calculations, that's $85.06 per sqft. Current property owners are expected to pay $2,317 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 506 East 131st Court was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $19,570. To break that down further, the land itself was valued at $2,586. While improvements to the property were assessed at a total of $16,984. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Steel
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Unspecified basement
  • Basement Area: 950
  • Garage Type: Garage
  • Garage Square Area: 224
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 9,488
  • Lot Size Depth Feet: 1,160
  • Lot Size Frontage Feet: 810
  • Total Building Area: 2,175
  • Gross Building Area: 2,175
  • Building Area: 1,225
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,225
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MARTIN CITY ESTATES
  • Land Acres: 0.218
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: MARTIN CITY ESTATES LOT 4

Ownership

  • Current Owner : RAWLS MICHAEL W
  • Current Owner 2: RAWLS DAPHNE R
  • Previous Owner : WEBB KAREN L
  • Owner Before Previous Owner: TYLER CURTIS
  • Owner Before Previous Owner 2: TYLER MARGARET
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Grandview C-4 School District
  • Census Tract: 013405

Geography

  • Assessors Map Reference: 66-210
  • Account Number: 1031477
  • Parcel: 66-210-03-15-00-0-00-000
  • Lot: 4
  • Municipality: KANSAS CITY
  • Latitude: 38.8895
  • Longitude: -94.5882

    Address

  • Full Address: 506 E 131st Ct
  • Address - House Number: 506
  • Street Direction: E
  • Address - Street Name: 131st
  • Address - Suffix Type: Ct
  • State: MO
  • City Name: Kansas City
  • Carrier Code: R069
  • 4-Digit Zip Code: 1460
  • Zip Code: 64145

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,317
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 025

    Appraisal Valuation

  • Standard Deviation: 0.2457
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 242,185
  • High Value: 301,700
  • Low Value: 182,671

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $148,000
  • First Open Lien Mortgage Lender: PARTNERSHIP FINANCIAL CU
  • First Open Lien Mortgage Recording Date: Sep 22, 2021
  • First Open Lien Mortgage Loan Amount: $148,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $103,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,570
  • Assessed Land Value: $2,586
  • Assessed Improvements Value: $16,984

    Sales

  • Current Sale Contract Date: Sep 13, 2021
  • Current Sale Recording Date: Sep 22, 2021
  • Current Sale Transaction ID: 11856723486
  • Current Sale Price: $185,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021E0104504
  • Previous Sale Recording Date: Mar 29, 2019
  • Previous Sale Contract Date: Mar 27, 2019
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARTNERSHIP FINANCIAL CU
  • First Mortgage Transaction Date: Sep 22, 2021
  • First Mortgage Loan Amount: $148,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

About Martin City



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 506 East 131st Court located in?
The 506 East 131st Court is a house located in the neighborhood of Martin City in Martin City, Kansas City.
What is the average sales price for listings in 506 East 131st Court?
The average sales price for units in 506 East 131st Court is $0 currently.

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