2206 S Spruce St Wichita, KS 67211

2 beds · 1 bath · 1,088 sq ft · Lot Size: 7,405 sq ft · Single Family Home · Mead
Est. Property Value: $112,839

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2206 S Spruce St is in the Mead neighborhood of Wichita, KS. It is located in Sedgwick County and ZIP code 67211. This Single Family Home was built in 1952 and is approximately 73 years old. The single family home spans 1088 sq ft with 2 bedrooms and 1 bathroom and sits on a 7405 sq ft lot. According to public records, it was last sold in 2017 and has a tax-assessed value of $56,200, which is $104 per sq ft. The Mead area of Wichita has 593 residential homes with an average size of 1004 sq ft. Analyze and compare real estate investment strategies for properties like this home at 2206 S Spruce St Wichita, KS 67211 with Property Intel by Whitepages.

2206 S Spruce St

Wichita, KS 67211

Neighborhood

Owners & Occupancy for 2206 S Spruce St

No contact information is available.

Occupancy

Resident 1******************* age 35

Property Financials for 2206 S Spruce St

2206 S Spruce St, Wichita, KS has no known mortgage. The Sedgwick county assessment for 2024 values it at $56,200, with annual taxes of $615.

Property Tax

Purchase DateNovember 10, 2017
Property Tax Amount$615 in 2024
Assessed Value$56,200 on 2024

Investment Potential for 2206 S Spruce St

The property has a current estimated value of $112,839, which is 11% below the neighborhood median, based on public records. It last sold on November 10, 2017. Projected long-term
is $12,000 annually ($1,000 per month) with a 83% occupancy rate.

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Long-Term

Gross Rental
$12,000 per year($1,000 per month)
Net Operating Income
Cap Rate
Occupancy Rate
83%in 67211 zip code
 
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Property Details for 2206 S Spruce St

Property Details

Property Sq Ft

Living Area

1,088 sq ft

8% above market

Lot Size

7,405 sq ft

6% above market

Price Per Sq Ft

Living Area

$104 / sq ft

15% below market

Lot Size Area

$15 / sq ft

10% below market

Property condition, age, exterior, etc. for 2206 S Spr…
Longitude: -97.308862 Latitude: 37.654255 Parcel Number (APN): 128-34-0-31-01-021.00…

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Discover more single family homes near 2206 S Spruce St in Wichita, Kansas. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 2206 S Spruce St in Sedgwick County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$112,839
$111,418
$1,422 (1%)
$229,990
-$50,023 (-22%)
YoY Price Change
2.96%
-299%
Year Built
1952
1946
6 years
Living Space
1,088 sq ft
1,056 sq ft
32 (3%)
$ Per Living Sq Ft
$104
$103
$1 (1%)
Lot Size
7,405 sq ft
8,276 sq ft
-871 (-11%)
$ Per Lot Sq Ft
$15
$12
$3 (29%)

Net Operating Income
$12,462
-$3,507 (-28%)
Annual Revenue
$12,000
$16,800
-$4,800 (-29%)
$4,163
-$1,118 (-27%)
Net Operating Income
$12,462
-$3,507 (-28%)
Cap Rate
11.11%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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