NOT LISTED FOR SALE

1051 W 8th St Loveland, CO 80537

Estimated Value: $387,000 - $568,000

2 Beds
1 Bath
1,920 Sq Ft
$254/Sq Ft Est. Value

Last Sold November 26, 2018

Last sale price $335,000 $174 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,661/month

6 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of November 2018

Great small investment opportunity in Loveland, Colorado. This triplex consists of three 2 bedroom, 1 bath units with updated windows, new roof and spacious kitchens and bathrooms. Each unit has washer and dryer hookups and individual electric and gas meters. Rents are currently below market due to rent restrictions which will be removed upon closing.

Last Agent to Sell the Property

Brian Mannlein

Cushman & Wakefield Listed on: 10/13/2018

Last Buyer's Agent

Matthew Dozier

Group Loveland

Group Loveland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $549

Year Built

  • Built in 1957

Lot Details

  • 4,647

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,920 Sq Ft Home
  • 1-Story Property
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Schools

  • Garfield Elementary School
  • Bill Reed Middle School
  • Loveland High School

Additional Features

  • 4,647 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number R0399043

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 2003 Albrecht Binder Subdivision

Building Details

  • Gross Income $23,814
  • Net Operating Income $15,557

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$549

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Year Built: 1957
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.11
  • Subdivision Name: 2003 - ALBRECHT-BINDER
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1920
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, Loveland
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Garfield
  • HighSchool: Loveland
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Bill Reed

Lot Info

  • Zoning: R3e
  • Lot Size Sq Ft: 4647
  • Parcel #: R0399043
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 549

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 23814

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2018
Closed on
Nov 26, 2018
Sold by
Neighbor To Neighbor Inc
Bought by
Hernblom Gerald D
Seller's Agent
Brian Mannlein
Cushman & Wakefield
Buyer's Agent
Matthew Dozier
Group Loveland
List Price
$245,000
Sold Price
$335,000
Premium/Discount to List
$90,000
36.73%
Current Estimated Value
$474,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,732
Avg. Annual Appreciation
5.54%

Purchase Details

Closed on
Oct 30, 1997
Sold by
Coley Mark Christopher and Coley Synthia Jane
Bought by
Neighbor To Neighbor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,313
Interest Rate
6%

Purchase Details

Closed on
Feb 1, 1996
Sold by
Gardner James
Bought by
Coley Mark Christopher

Purchase Details

Closed on
Sep 1, 1992
Sold by
Wachsmann Maria
Bought by
Gardner Lavonne
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
Hernblom Gerald D $335,000 The Group Guarantee Title
Neighbor To Neighbor $189,000 --
Coley Mark Christopher $159,000 --
Gardner Lavonne $59,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Neighbor To Neighbor $108,313
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2019 02/27/19 Off Market $335,000 -- --
11/26/2018 11/26/18 Sold $335,000 +36.7% $174 / Sq Ft
10/19/2018 10/19/18 Pending -- -- --
10/13/2018 10/13/18 For Sale $245,000 -- $128 / 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 $2,110 $30,123 $2,720 $27,403
2024 $2,035 $30,123 $2,720 $27,403
2022 $1,991 $25,024 $2,761 $22,263
2021 $2,091 $26,312 $2,903 $23,409
2020 $1,943 $24,439 $2,903 $21,536
2019 $1,910 $24,439 $2,903 $21,536
2018 $637 $11,548 $4,362 $7,186
2017 $549 $11,548 $4,362 $7,186
2016 $628 $12,767 $4,823 $7,944
2015 $622 $12,770 $4,820 $7,950
2014 $383 $7,600 $4,820 $2,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 864573

IRES MLS

APN: 95142-33-001