$200,500
SOLD JAN 26, 2018

1009 Walnut Ave Grand Junction, CO 81501

Downtown Grand Junction Neighborhood
3 Beds
1 Bath
1,446 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$139 Per Sq Ft

6% Below List Price

18 Days on Market

Highlights

  • Green Building
  • Patio
  • Laundry Facilities
  • Evaporated cooling system
  • Forced Air Heating System
  • North Facing Home

About This Home

As of December 2020

Excellent investment opportunity just 2 blocks north of CMU! Over 7% cap rate for investor willing to put in a bit of work. Two separate units. Main level has original hardwood floors and was updated in 2017. Basement has been demoed down to studs. Shared laundry room and ample parking for both units.

Last Agent to Sell the Property

Omar Richardson

United Country Real Colorado Properties Brokerage Phone: (970) 256-9700 License #ER175681 Listed on: 12/19/2017

Last Buyer's Agent

non- member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $868

Year Built

  • Built in 1955

Lot Details

  • 6,534 Sq Ft Lot
  • North Facing Home

Home Design

  • Frame Construction
  • Composition Roof
  • Composition Shingle Roof
  • Metal Roof
  • Metal Siding

Interior Spaces

  • 1,446 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement

Kitchen

  • Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Common or Shared Parking

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Water Rights Not Included

Additional Features

  • Green Building
  • Patio
  • Mineral Rights Excluded

Listing and Financial Details

  • Assessor Parcel Number 294511111001

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include sewer
  • Out Of Area Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$868

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub Type: Residential Income
  • Prop. Type: Residential
  • Lot Size Acres: 0.15
  • Inclusions: Dryer, Oven, Refrigerator, Washer, Dishwasher
  • Subdivision Name: Out of Area
  • Directions: Take 7th to Walnut. Go East on Walnut to 1009.
  • Architectural Style: Ranch
  • Carport Y N: Yes
  • Master Model: No
  • Year Built: 1955
  • Tax Parcel Letter: R058295
  • Attribution Contact: (970) 256-9700
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: R8
  • General Info:Main Floor Master: Yes
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 1.0
  • Financing Info:Taxes2: 868.11
  • Financing Info:Tax Year2: 2017
  • Extras:PatioDeck: Yes
  • Laundry Facility:Area4: Yes
  • Substructure:Unfinished Basement: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Water Rights:No3: Yes
  • Style:Ranch: Yes
  • Roof:Composition Shingles: Yes
  • Mineral Rights:No2: Yes
  • Cooling:Evaporative Cooling: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Unit Faces:North: Yes
  • Inclusions:Oven: Yes
  • Exterior:Metal2: Yes
  • Carport:_one_ Car: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1446.0

Exterior Features

  • Construction Type: Frame
  • Roof: Metal, Composition
  • Construction:Frame: Yes

Garage/Parking

  • Keywords Info:Garage: Common

Utilities

  • Building Features: Yes
  • Cooling: Evaporative Cooling
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Glenwood Association

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 6534.0
  • Parcel #: 294511111001
  • Zoning: R8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 868.11
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2020
Closed on
Dec 15, 2020
Sold by
Martin Johnny R and Martin Colleen Ellen
Bought by
Wibbelsman Christopher Joseph
Seller's Agent
Joann Hotimsky
1ST CHOICE REAL ESTATE CO, INC
Buyer's Agent
Joann Hotimsky
1ST CHOICE REAL ESTATE CO, INC
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
$582,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,751
Avg. Annual Appreciation
2.79%
Original Mortgage
$360,000
Outstanding Balance
$324,178
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$243,707

Purchase Details

Closed on
Aug 10, 2018
Sold by
Imprving Spaces Grand Valley Llc
Bought by
Martin Johnny R and Martin Colleen Ellen

Purchase Details

Listed on
Dec 19, 2017
Closed on
Jan 26, 2018
Sold by
Cusley Todd and Ludlam David
Bought by
Improving Spaces Grand Valley Llc
Seller's Agent
Omar Richardson
United Country Real Colorado Properties
Buyer's Agent
non- member
Non-Member Office
List Price
$214,000
Sold Price
$200,500
Premium/Discount to List
-$13,500
-6.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.85%
Original Mortgage
$20,000
Interest Rate
10%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 5, 2016
Closed on
Jan 24, 2017
Sold by
Aguilar Ramona A
Bought by
Ousley Todd and Ludlam David
Seller's Agent
Judy Hoffschneider
RE/MAX 4000, INC
Buyer's Agent
Leta Wilburn
RE/MAX 4000, INC
List Price
$184,900
Sold Price
$165,000
Premium/Discount to List
-$19,900
-10.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.28%
Original Mortgage
$123,750
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 1993
Sold by
Kirkpatrick Henry C
Bought by
Ludlam David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 1990
Sold by
Wilkinson Thomas M
Bought by
Ludlam David

Purchase Details

Closed on
Jan 12, 1990
Sold by
Roybal David A
Bought by
Ludlam David
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $500,000 Heritage Title Co
Warranty Deed -- None Available
Warranty Deed $200,500 Land Title Guarantee Co
Warranty Deed $165,000 Heritage Title
Deed $78,500 --
Warranty Deed $78,500 None Listed On Document
Deed $59,500 --
Deed $49,800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,000 New Conventional
Previous Owner $262,500 New Conventional
Previous Owner $20,000 Purchase Money Mortgage
Previous Owner $123,750 New Conventional
Previous Owner $88,000 New Conventional
Previous Owner $50,000 Unknown
Previous Owner $25,000 Credit Line Revolving
Previous Owner $24,800 Credit Line Revolving
Previous Owner $10,307 Unknown
Previous Owner $43,000 Unknown
Previous Owner $16,642 Unknown
Previous Owner $46,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2020 12/17/20 Sold $500,000 0.0% $177 / Sq Ft
12/16/2020 12/16/20 For Sale $500,000 +149.4% $177 / Sq Ft
11/01/2020 11/01/20 Pending -- -- --
01/26/2018 01/26/18 Sold $200,500 -6.3% $139 / Sq Ft
01/07/2018 01/07/18 Pending -- -- --
12/19/2017 12/19/17 For Sale $214,000 +29.7% $148 / Sq Ft
01/24/2017 01/24/17 Sold $165,000 -10.8% $65 / Sq Ft
12/11/2016 12/11/16 Pending -- -- --
08/05/2016 08/05/16 For Sale $184,900 -- $73 / Sq Ft
Source: Aspen Glenwood MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,998 $28,260 $5,040 $23,220
2023 $1,998 $28,260 $5,040 $23,220
2022 $1,587 $22,020 $3,480 $18,540
2021 $1,593 $22,660 $3,580 $19,080
2020 $1,109 $16,140 $3,580 $12,560
2019 $1,049 $16,140 $3,580 $12,560
2018 $979 $13,840 $3,240 $10,600
2017 $735 $13,840 $3,240 $10,600
2016 $735 $11,720 $3,380 $8,340
2015 $745 $11,720 $3,380 $8,340
2014 $685 $10,870 $2,790 $8,080
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Joann Hotimsky

    1ST CHOICE REAL ESTATE CO, INC

    Section Image
  • Omar Richardson

    Seller's Agent in 2018

    Omar Richardson

    United Country Real Colorado Properties

    (719) 530-8441

    7 in this area

    199 Total Sales

    Section Image

  • n

    Buyer's Agent in 2018

    non- member

    Non-Member Office

  • Judy Hoffschneider

    Seller's Agent in 2017

    Judy Hoffschneider

    RE/MAX

    (970) 260-1801

    14 in this area

    140 Total Sales

    Section Image

  • L

    Seller Co-Listing Agent in 2017

    Leta Wilburn

    RE/MAX

    (970) 260-2221

    16 in this area

    118 Total Sales

    Section Image
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Map

Source: Aspen Glenwood MLS

MLS Number: 151951

Aspen Glenwood MLS

APN: 2945-111-11-001

Colorado Mesa County Grand Junction 81501 Downtown Grand Junction

1009 Walnut Ave, Grand Junction, CO

This home is located at 1009 Walnut Ave, Grand Junction, CO 81501 and is currently priced at $200,500, approximately $138 per square foot. This property was built in 1955. 1009 Walnut Ave is a home located in Mesa County with nearby schools including Tope Elementary School, West Middle School, and Grand Junction High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Aspen Glenwood MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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