5149 Msn Rd Westwood, KS 66205-1628
The R-1 Single-Family Residential District is established to promote the health of the city's historical neighborhoods as well as providing for their expansion along the same traditional lines used when they were established. The following is a list of objectives to achieve housing that is compatible within the existing neighborhood: Materials and colors sho…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
R-1 · Westwood, KSThe R-1 Single-Family Residential District is established to promote the health of the city's historical neighborhoods as well as providing for their expansion along the same traditional lines used when they were established. The following is a list of objectives to achieve housing that is compatible within the existing neighborhood: Materials and colors should be used to reduce the apparent bulk of the structure. The building height should be in proportion to the style and size of the house and to the lot area. Higher portions of structure should be set back from the lot lines to reduce the impression of height. Architectural features should be used to reduce the impression of bulk. A combination of vertical and horizontal elements should be used to break up long or tall facade walls. Recessed and projecting spaces should be used to create interest. The completed structures must not overcrowd or overwhelm neighboring residences. The creation of a vertical canyon effect between houses should be minimized. When a two-story house is proposed adjacent to one-story houses, the space between the houses should increase as wall height increases. Similar materials, colors and roof pitch should be used on all sides and on all structures on the site. The use of highly reflective materials should be avoided. Mechanical equipment should be screened. Large, continuous, paved areas should be avoided. Paved areas should be broken up by the use of textured or colored materials. Consistent with the city's comprehensive plan, the objectives in development of this district are: To promote positive growth in the city's residential areas; To accommodate the renovation and expansion needs of residents; To allow for future redevelopment; To alleviate problems in compatibility with neighboring properties; To provide clear criteria for new infill houses; To allow for flexibility in expansion and remodeling of existing homes. In addition, the governing body recognizes the unique attributes of the area known as the Westport Annex, and finds as follows: Whereas the area known as Westwood East of Rainbow (WEBO) consists of the area on 47th Terrace and 48th Street between Rainbow Boulevard and State Line Road, and is unique in its construction, platting, and configuration in the city; and Whereas WEBO consists of lots nearly all of which were originally platted to have uniform dimensions of 40 feet in width by 110 feet in depth; and Whereas the housing stock in WEBO has a significant percentage of smaller, older homes which present remodeling and redevelopment challenges;
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.