MOTIVATED PRICE CUT REDUCED For more information about this property please call us at 314-486-6176. We have owned this house since 2015. Here is a list of the known updates. Roof Replaced in 2015 Electrical Service Panel Replaced 2015 HVAC system Replaced in 2005, Main control board Replaced 2019 Hot Water Heater Replaced 2013. Main Gas Solenoid Valve Replaced 2019 Windows Replaced 2015 Blinds Replaced 2019 with a high quality aluminum custom blinds Main Sewer Mast from basement thru roof and connecting arms Replaced with PVC 2019 Bathroom updated including all new fixtures 2019 New Flooring Main Floor 2019 Deck Staircase Replaced 2019 Main Deck Repaired 2019 Driveway Addition 2015 Kitchen Updated 2019 including new counter tops & expensive backsplash CURRENT SALE PRICE $159.999 a $32,000 discount to true market value. The current market value on this house is $192,000.00. We have owned the house since 2015 and never have experienced any flooding in the basement until this year 2019. This spring we had rain fall which was in line with the flood of 1993 where all rivers and creeks were already backed up and the ground was saturated with water and then we had a torrential down pour over Kirkwood the creek behind the house backed up and flooded the basement for about 4 hours till the creek was able to pass all the water through. The same conditions occurred in August of this year where Fenton, Kirkwood, Webster Grooves, and Granite City had a line of thunderstorms come through where at least twice within a week and a half period 6 inches of rain was dropped within a couple of hour period and all these areas had flooding that hadn't ever occurred or hadn't occurred for years. During this time the creek behind this home backed up and this home over a week and a half period had water in it 3 times. Each time the water was only present 3 to 4 hours until the creek was able to pass the water through. Since the basement is a concrete unfinished basement with shelving present it was no big deal as all we did was rinsed the basement out with a hose and unplugged the washer and dryer and shut electricity off to the HVAC unit and let these units dry out for a 2 day period. After the drying period we put power to them and they all worked fine. We had already told our tenant to always use the shelves in the basement when storing items and keep everything off the floor just in case so no contents damage occurred. We have always gotten great rents out of this house most recently $1400 a month. If you want to take advantage of a great discount and put yourself immediately in a positive cash flow property as an investor or if you are a buyer trying to get into the Kirkwood area at a reasonable price this is your opportunity. Once again we have owned this house since 2015 and we have only had a problem with water in the basement this year so your chances are unlikely that a repeat weather performance of this year will occur anytime soon and as long as you keep your stuff up on shelves in the basement it's a very manageable situation especially when you consider the value of this neighborhood and the condition of this house along with the discounted price. The only reason we are selling this home is it doesn't fit into our current business model of managing $300,000 plus properties.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
