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515 NE Florence Ave, Lees Summit, MO, 64063

$389,000

Home List Price

$4,619*

Closing Credit

0 Baths
Multi

Location

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515 NE Florence Ave, Lee's Summit$389,000

Buyer Closing Credits

$4,619*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingGarage
Year Built1965
HeatingNatural Gas
CoolingElectric
BasementYes
MLS #2524728
StatusActive

About 515 NE Florence Ave

Strong tenant demand in this well-located duplex in the heart of Lee Summit! Just off Chipman road with all the new shopping and dining options sits this well cared for two unit property. Each side features a one car garage, two family rooms (upstairs and downstairs) and a separate laundry area. The 515A side is newly remodeled with stainless steel appliances, countertops, all new flooring, bathrooms and paint. It has 3 bedrooms and 2 full baths. Expected rent to be $1475. The B side has a long term tenant who has occupied since 2015 but is on a MTM lease. That side is 3 bedrooms and 1.5 baths and was last remodeled in 2015. Each side has sub-metered utilities and tenants pay all their own expenses. The property is conveniently located near parks, restaurants, shopping centers, and don't forget top-rated schools in the Lee Summit school district. Don't miss out on this fantastic investment opportunity in this A class submarket! Owner agent.

Property Details

Property Features

Property Information:

  • Year Built: 1965
  • Stories: 2

Listing Office:

  • Office Name: Lutz Sales + Investments
  • Office Phone: (913) 426-5576
  • Listing Agent: Michelle Lutz

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Garage

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Electric

Other

Directions Information:

  • Directions: Take exit 15A for i-470 towards Lee Summit. Take exit 10B for 291 South. Turn Right onto NE Tudor Rd. Turn Left onto NE Independence Ave. Turn Right onto NE Columbus St. Turn Left onto NE Florence Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $389,000
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Housing Market Comparison

See how this home compares to others in Lee's Summit, MO.

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Lee's Summit, MO

City

Med. List Price

$409.2K

Med. Price/SqFt

$175

Avg. Days On Market

124

# of Sold Homes

134

515 NE Florence Ave vs Lee's Summit

1 DAY ON ROCKET

-123 Days

$389,000

-$20.2K Less

KEY TAKEAWAY

This property is $20.2K less than the Median List Price in Lee's Summit, MO.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HMLS
  • MLS Number: #2524728

Listing Office:

  • Office Name: Lutz Sales + Investments
  • Office Phone: (913) 426-5576
  • Listing Agent: Michelle Lutz

IDX Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright 2025, Heartland Multiple Listing Service, Inc.

IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Properties displayed may be listed or sold by various participants in the MLS. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/7/2025, 11:54:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,009

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,233

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1062329
3
/10

  • Lee's Summit Elementary School

  • 110 SE Green St

  • 0.65 miles

  • Public District Grades KG-5

school-card-donut-1062330
3
/10

  • Meadow Lane Elementary School

  • 1421 NE Independence Ave

  • 1.15 miles

  • Public District Grades KG-5

school-card-donut-1062331
4
/10

  • Westview Elementary School

  • 200 NW Ward Rd

  • 1.49 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,912. The most common annual income of people living in Lee's Summit, MO is less than $35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Missouri›Jackson County›Lee's Summit›64063›515 NE Florence Ave

This home is located at 515 NE Florence Ave in Lees Summit, MO and zip code 64063. This home was built in 1965. It has been listed on Rocket Homes since January 06, 2025 and is currently priced at $389,000.

The inventory of homes for sale in Lee's Summit, MO between November 2024 and December 2024 decreased by 12.4%. The median list price of listings available in December 2024 was $409,240, while the average time on the real estate market was 124 days.

From Rocket Homes Real Estate and based on county public records data.

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