640 S Keith Ave Wichita, KS 67209

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3 beds · 1 bath · 2,021 sq ft · Lot Size: 20,038 sq ft · Single Family Home
Est. Property Value: $218,760

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640 S Keith Ave is in the 67209 neighborhood of Wichita, KS. It is located in Sedgwick County and ZIP code 67209. This Single Family Home was built in 1955 and is approximately 70 years old. The single family home spans 2021 sq ft with 3 bedrooms and 1 bathroom and sits on a 20038 sq ft lot. According to public records, it was last sold in 2022 for $217,150 and has a tax-assessed value of $242,490, which is $108 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 640 S Keith Ave Wichita, KS 67209 with Property Intel by Whitepages.

640 S Keith Ave

Wichita, KS 67209

Owner Info

Owners & Occupancy for 640 S Keith Ave

This property is owned by Chris Michael Lohnes. Owner contact information includes 4 phone numbers and 3 email addresses.

Property Owners

Cell Phone(316) ***-****View Cell Phone
Residence***********
Landline(708) 361-8432
Distance from Property**********
Email Address********@bellsouth.netView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1********************** age 30
Resident 2******************** age 31

Property Financials for 640 S Keith Ave

640 S Keith Ave, Wichita, KS has a mortgage from Bank Of America Na (orig. March 03, 2022). The Sedgwick county assessment for 2024 values it at $242,490, with annual taxes of $3,112.

Mortgage & Equity Information

Loan Amount$******
LenderBank Of America Na
Origination DateMarch 03, 2022
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date**************
Equity View Equity

Property Tax

Purchase DateFebruary 28, 2022
Property Tax Amount$3,112 in 2024
Purchase Price$217,150
Assessed Value$242,490 on 2024

Investment Potential for 640 S Keith Ave

The property has a current estimated value of $218,760, which is 4% below the zip median, based on public records. It last sold on February 28, 2022 for $217K. Projected long-term
is $26,400 annually ($2,200 per month) with a 95% occupancy rate.

Discover more Single Family Homes in 67209.

Long-Term

Gross Rental
$26,400 per year($2,200 per month)
Net Operating Income
Cap Rate
Occupancy Rate
95%in 67209 zip code
 
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Property Details for 640 S Keith Ave

Property Details

Property Sq Ft

Living Area

2,021 sq ft

5% above market

Lot Size

20,038 sq ft

84% above market

Price Per Sq Ft

Living Area

$108 / sq ft

7% below market

Lot Size Area

$11 / sq ft

49% below market

Property condition, age, exterior, etc. for 640 S Keit…
Longitude: -97.450597 Latitude: 37.672514 Parcel Number (APN): 139-29-0-13-06-006.00…

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Market Benchmarks

Compare data for 640 S Keith Ave in Sedgwick County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$218,760
$209,099
$9,661 (5%)
$346,762
-$106,649 (-31%)
YoY Price Change
2.1%
-62%
Year Built
1955
1965
-10 years
Living Space
2,021 sq ft
1,509 sq ft
512 (34%)
$ Per Living Sq Ft
$108
$131
-$23 (-17%)
Lot Size
20,038 sq ft
10,761 sq ft
9277 (86%)
$ Per Lot Sq Ft
$11
$17
-$6 (-37%)

Net Operating Income
$14,765
$3,388 (23%)
Annual Revenue
$26,400
$22,200
$4,200 (19%)
$7,159
$1,088 (15%)
Net Operating Income
$14,765
$3,388 (23%)
Cap Rate
7.31%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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