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731 Minnesota Avenue

731 Minnesota Avenue, Kansas City, KS 66101
Property in Riverview
Local assessors in Kansas City, KS have categorized 731 Minnesota Avenue as a commercial type of property. The home was built in 1950 and is 74 years old. The property's lot size has been calculated to be 3,049 square feet. As for the restroom situation, there are 8 full bathrooms. There are also 8 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 731 Minnesota Avenue has a total of 3,000 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 731 Minnesota Avenue sold most recently in Aug 31, 2018 for a total of $130,000. If you work out the math, that's approximately a cost of $43.33 per sqft. Before that, the property was also sold for $110,000 in Jun 10, 2014. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,176 in taxes each year. The initial year of tax delinquency occurred in 2017. 731 Minnesota Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $35,260. If we break it down further, the land itself was valued at $2,940. Improvements to the property, however, were assessed at a total of $32,320. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 1
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,049
  • Total Building Area: 3,000
  • Gross Building Area: 3,000
  • Building Area: 3,000
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,000
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Subdivision: WYANDOTTE CITY
  • Land Acres: 0.07
  • Standard Land Use Code: Store (multi-story)
  • Legal Description 1: WYANDOTTE CITY, S4, T11, R4, ACRES 0.07, B130 L16

Ownership

  • Current Owner : ANCHOR SL LLC
  • Previous Owner : MARTELL & LEON LLC
  • Owner Before Previous Owner: JIN HYUNG M
  • Owner Before Previous Owner 2: JIN SUK J
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 11, 2024

Neighborhood

  • School District Name: Kansas City Unified School District 500
  • Census Tract: 042900

Zoning

  • Zoning: KCD

Geography

  • Assessors Map Reference: 2580-C1
  • Parcel: 087617
  • Lot: 16
  • Municipality: SSMID
  • Latitude: 39.1152
  • Longitude: -94.6283

    Address

  • Full Address: 731 Minnesota Ave
  • Address - House Number: 731
  • Address - Street Name: Minnesota
  • Address - Suffix Type: Ave
  • State: KS
  • City Name: Kansas City
  • Carrier Code: C041
  • 4-Digit Zip Code: 2703
  • Zip Code: 66101

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,176
  • Intital Tax Deliquent Year: 2017
  • Tax Rate Code Area: 700

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $104,000
  • First Open Lien Mortgage Lender: UMB BANK NA
  • First Open Lien Mortgage Recording Date: Sep 05, 2018
  • First Open Lien Mortgage Loan Amount: $104,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Sep 05, 2048

    Market Valuation

  • Market Total Value: $141,040
  • Market Land Value: $11,760
  • Market Improvement Value: $129,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,260
  • Assessed Land Value: $2,940
  • Assessed Improvements Value: $32,320

    Sales

  • Current Sale Contract Date: Aug 31, 2018
  • Current Sale Recording Date: Sep 05, 2018
  • Current Sale Transaction ID: 11504735260
  • Current Sale Price: $130,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018R-12526
  • Previous Sale Recording Date: Jun 18, 2014
  • Previous Sale Contract Date: Jun 10, 2014
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UMB BANK NA
  • First Mortgage Transaction Date: Sep 05, 2018
  • First Mortgage Loan Amount: $104,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: HYUNG M JIN ETUX
  • Previous Mortgage Transaction Date: Jun 18, 2014
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $88,000
  • Previous Mortgage Term: 84
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jul 01, 2021

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Frequently Asked Questions

What neighborhood is 731 Minnesota Avenue located in?
The 731 Minnesota Avenue is a located in the neighborhood of Riverview in Riverview, Kansas City.
What is the average sales price for listings in 731 Minnesota Avenue?
The average sales price for units in 731 Minnesota Avenue is $0 currently.

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