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    149-153 S Linn Valley Drive Linn Valley, KS 66040

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    For Sale
    $999,000

    MULTI_FAMILY - Linn Valley, KS

    Lot size:
    0.46 Acres
    Added:
    Oct 25, 2025
    Days on Market:
    195
    Last Refresh:
    May 7 at 6:06 pm

    Property Features for 149-153 S Linn Valley Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R
    Bathrooms
    4
    Rooms
    Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Basement
    Parking
    4
    Parking features
    Garage
    Patio and Porch features
    Porch, Patio
    Standard status
    Active
    APN
    0272502008019000 & 02725020080
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Description
    LINN VALLEY LAKES PLAT 7, LOT 3156, LINN VALLEY LAKES LOT 3156 SECTION 25 TOWNSHIP 19 RANGE 24 and LINN VALLEY LAKES PLAT 7, LOT 3157, LINN VALLEY LAKES LOT 3157 SECTION 25 TOWNSHIP 19 RANGE 24
    Tax Annual Amount
    144

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    2024
    Floors in Building
    1
    Number of units
    2
    Building materials
    Stucco
    Roof type
    Composition

    We can help!

    Listing Contact
    The Butler Group
    The Butler Group

    Listing agent The Butler Group

    Listing office Keller Williams Realty Partners Inc. 6850 College Blvd., Overland Park, KS

    Listing date Oct 25, 2025

    MLS# 2583834 Listing URL

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New construction, high‑quality 3BR/2BA lake homes with high‑end finishes and no carpet.
    • Access to Linn Valley Lakes amenities including a 135‑acre lake, golf course, pools, and gym.
    • Luxurious primary suite features a vaulted ceiling, en‑suite bath with walk‑in shower, soaker tub, dual vanities, and a walk‑in closet with built‑in dresser.
    • Gorgeous kitchen boasts quartz countertops, herringbone backsplash, S/S appliances, large island, and walk‑in pantry.
    • Expansive concrete basement with egress well offers future expansion potential.
    • Convenient location just 40 minutes south of Overland Park.

    Overview

    New Linn Valley Lake Homes

    Two newly constructed, high-quality 3-bedroom, 2-bathroom lake homes are available at Linn Valley Lakes. These homes feature identical floor plans on side-by-side lots, each with different design finishes. The ranch plan, known as "The Retreat," showcases soaring ceilings and stylish, high-end finishes. Upon entering, the extra-tall ceilings and luxury flooring create an impressive atmosphere. The expansive great rooms feature cathedral vaulted ceilings, 8-blade ceiling fans, and stone fireplaces with sitting hearths. The kitchens are equipped with quartz countertops, herringbone backsplashes, tall cabinets, stainless steel appliances including range hood and refrigerator, large center islands with pendant lighting, and walk-in pantries. The dining spaces are generously sized and provide access to covered patios. The primary suites include vaulted ceilings, private en-suite bathrooms with large glass walk-in showers, dual vanities, free-standing soaker tubs, and walk-in closets with built-in dressers. The large secondary bedrooms have ceiling fans and walk-in closets, and they share a hall bath with a glass shower and tile floor. Expansive concrete basements with high ceilings and egress wells offer future expansion opportunities. Additional features include convenient main-level laundry, numerous windows and closets, covered patios, and covered front porches. Linn Valley Lakes is an amenity-rich community located 40 minutes south of Overland Park, featuring a 135-acre spring-fed lake suitable for boating and jet-skiing, as well as two additional stocked fishing lakes. Amenities include a golf course, rentable clubhouse with activities, a community center with gym, two swimming pools, mini golf, basketball and tennis courts, walking trails, a playground, a fishing dock, a boat ramp, campgrounds, shelter houses, a swim beach, sand volleyball, a horseshoe pit, and more. The properties are situated on 0.46 acres in Linn Valley, KS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Auto Repair Shop Hotel & Motel Department Store Computer & Electronic Repair Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Linn Valley
    County
    Linn
    State
    Kansas
    Longitude
    -94.7036954
    Latitude
    38.3836169

    Nearby Similar for Sale

    • $55,000

      Linn Valley Camping Lot

      Move-in ready camping lot with RV port and utilities.
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      View Details
    • $105,000

      Linn Valley Land with Barn

      Land with insulated pole barn and extra storage in Linn Valley.
      61 Porcupine Path, Linn Valley, KS 66040
      View Details

    FAQs

    What type of property is this?
    Duplex - Two newly constructed 3BR 2BA lake homes in Linn Valley.
    Where is this duplex located?
    The property is located at 149-153 S Linn Valley Drive Linn Valley, KS.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: New construction, high‑quality 3BR/2BA lake homes with high‑end finishes and no carpet.; Access to Linn Valley Lakes amenities including a 135‑acre lake, golf course, pools, and gym.; Luxurious primary suite features a vaulted ceiling, en‑suite bath with walk‑in shower, soaker tub, dual vanities, and a walk‑in closet with built‑in dresser.
    (913) 685-2326
    We can help!
    Listing Contact
    The Butler Group
    The Butler Group
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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