NOT LISTED FOR SALE

1036 E 7th St Loveland, CO 80537

Estimated Value: $604,268 - $751,000

8 Beds
5 Baths
3,973 Sq Ft
$169/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $517,000 $130 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,934/month

8 Days on Market

Highlights

  • No HOA
  • Air Conditioning
  • Open Space
  • Eat-In Kitchen
  • Patio
  • Forced Air Heating System

About This Home

As of September 2021

Unique investment opportunity! Possibilities are endless with this 4 unit set up. Many years ago Victorian home was converted into an above grade up/down duplex, garage that was converted into a 1bed/1bath and artist studio converted into an updated 2 bed/2bath. Home is located on a half acre in the heart of Loveland. Do not go on the property or disturb tenants. MUST HAVE 24-48 hours notice to show and showings will be in the afternoon. Please read Brokers remarks and call with any questions.

Last Agent to Sell the Property

David Powell

Group Loveland Listed on: 06/23/2021

Group Loveland

Last Buyer's Agent

Anthony Ladd

RE/MAX Alliance-Loveland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,974

Year Built

  • Built in 1901

Lot Details

  • 0.5 Acre Lot
  • Open Space
  • Unincorporated Location
  • Partially Fenced Property
  • Level Lot

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Composition Shingle

Interior Spaces

  • 3,973 Sq Ft Home
  • 1-Story Property
  • Window Treatments

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Patio

Schools

  • Winona Elementary School
  • Bill Reed Middle School
  • Mountain View High School

Utilities

  • Air Conditioning
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number R0437344

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Long Legal Subdivision

Building Details

  • Gross Income $38,700
  • Net Operating Income $35,726

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,974

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Year Built: 1901
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.5
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Co List Office Mls Id: 8GRPI
  • Subdivision Name: Long legal
  • Directions: 7th Street just West of Madison
  • Architectural Style: Ranch
  • Unit Levels: One, Two
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3973
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 8
  • Interior Amenities: Eat-in Kitchen
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Curbs, Gutters, Sidewalks, Level, Abuts Public Open Space, Unincorporated
  • Waterfront: No
  • Construction Type: Wood/Frame, Composition Siding
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Room Air Conditioner
  • Electric: Electric, City
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Winona,Truscott
  • HighSchool: Mountain View
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Bill Reed

Lot Info

  • Zoning: RES
  • Lot Size Sq Ft: 21780
  • Parcel #: R0437344
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: None

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2974

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 38700
  • Annual Operating Expense: 2974

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2024
Sold by
Dreith Matthew
Bought by
Dbc2 Llc
Current Estimated Value
$670,067

Purchase Details

Listed on
Jun 23, 2021
Closed on
Sep 24, 2021
Sold by
Quere Paul S and Quere Kristen
Bought by
Dbe2 Llc
Seller's Agent
David Powell
Group Loveland
Buyer's Agent
Anthony Ladd
RE/MAX Alliance-Loveland
List Price
$600,000
Sold Price
$517,000
Premium/Discount to List
-$83,000
-13.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$186,000
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 1, 2004
Sold by
James Sheldon W and James Mary E
Bought by
Quere Paul S and Quere Kristin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.57%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 16, 2002
Sold by
James Sheldon W
Bought by
James Sheldon W and James Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 1999
Sold by
Vannorman Edward W
Bought by
James Sheldon W and James Charles D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,600
Interest Rate
7.63%

Purchase Details

Closed on
Apr 1, 1994
Sold by
Carlsen John S
Bought by
Vannorman Edward W
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Dbc2 Llc -- None Listed On Document
Dbe2 Llc $517,000 Equity Title Of Colorado
Quere Paul S $272,000 Land Title Guarantee Company
James Sheldon W -- --
James Sheldon W -- --
James Sheldon W $198,000 --
Vannorman Edward W $114,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dbe2 Llc $186,000
Previous Owner Quere Paul S $294,000
Previous Owner Quere Paul S $50,000
Previous Owner Quere Paul S $221,600
Previous Owner James Sheldon W $202,000
Previous Owner James Sheldon W $138,600
Previous Owner Vannorman Edward W $34,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2022 04/13/22 Off Market $517,000 -- --
09/24/2021 09/24/21 Sold $517,000 -13.8% $130 / Sq Ft
07/22/2021 07/22/21 For Sale $600,000 0.0% $151 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $600,000 -- $151 / Sq Ft
Source: IRES 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
2025 $3,394 $46,217 $1,474 $44,743
2024 $3,274 $46,217 $1,474 $44,743
2022 $2,724 $34,229 $1,529 $32,700
2021 $2,799 $35,214 $1,573 $33,641
2020 $2,974 $37,409 $1,573 $35,836
2019 $2,924 $37,409 $1,573 $35,836
2018 $2,343 $28,469 $1,584 $26,885
2017 $2,018 $28,469 $1,584 $26,885
2016 $1,990 $27,135 $1,751 $25,384
2015 $1,974 $27,130 $1,750 $25,380
2014 $1,821 $24,220 $1,750 $22,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 943951

IRES MLS

APN: 95134-00-024