NOT LISTED FOR SALE

Estimated Value: $603,177 - $720,000

4 Beds
2 Baths
1,948 Sq Ft
$341/Sq Ft Est. Value

Last Sold May 10, 2019

Last sale price $472,000 $242 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,911/month

1 Day on Market

Highlights

  • City View
  • Wood Flooring
  • Brick Veneer
  • Rocky Mountain High School Rated A-
  • No HOA
  • Air Conditioning

About This Home

As of May 2019

Excellent Brick Duplex investment opportunity! Prime location within walking distance of Colorado State University, restaurants, and bus stops. Both units were just remodeled with new kitchen cabinets, new granite counter tops, new carpet, and fresh paint inside and out. Units featuring hardwood flooring, tile showers, attached garage spaces, and spacious rooms provide a desirable rental home attracting quality tenants. Don't miss it! Listing agent has ownership interest in the property.

Last Agent to Sell the Property

Travis Redmon

Resident Realty Listed on: 03/29/2019

Resident Realty

Last Buyer's Agent

Bogdan Kaleta

RE/MAX Alliance-FTC South

RE/MAX Alliance-FTC South

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,360

Year Built

  • Built in 1965

Lot Details

  • 8,101 Sq Ft Lot
  • West Facing Home
  • Partially Fenced Property
  • Level Lot

Home Design

  • Duplex
  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,948 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Wood Flooring
  • City Views
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Bennett Elementary School
  • Blevins Middle School
  • Rocky Mountain High School

Utilities

  • Air Conditioning
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R0086550

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Fairview Subdivision

Building Details

  • Gross Income $29,988
  • Net Operating Income $25,587

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,360

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Year Built: 1965
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.19
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: FAIRVIEW
  • Directions: From Shields, west on Elizabeth, south on Bryan Avenue.
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Structure Type: Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1948
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Microwave, Disposal
  • Has Basement: Crawl Space
  • Total Bedrooms: 4
  • Flooring: Wood Floors
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Curbs, Gutters, Sidewalks, Level, Within City Limits
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Direction Faces: West
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Room Air Conditioner
  • Electric: Electric, Separate Meter Electricity, City of FC
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Fort Collins
  • Gas Company: Natural Gas, Separate Meter Gas, Xcel Energy

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Bennett
  • HighSchool: Rocky Mountain
  • Junior High Dist: Poudre
  • Middle Or Junior School: Blevins

Lot Info

  • Zoning: Mixed use
  • Lot Size Sq Ft: 8101
  • Parcel #: R0086550
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2359.69

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 29988
  • Annual Operating Expense: 4401.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2019
Closed on
May 10, 2019
Sold by
Redmon Properties Llc
Bought by
Meldrum Kingsley F and Meldrum Jean R
Seller's Agent
Travis Redmon
Resident Realty
Buyer's Agent
Bogdan Kaleta
RE/MAX Alliance-FTC South
List Price
$472,000
Sold Price
$472,000
Current Estimated Value
$663,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,544
Avg. Annual Appreciation
5.56%
Original Mortgage
$283,200
Outstanding Balance
$249,019
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$414,525

Purchase Details

Closed on
Oct 8, 2014
Sold by
Trw & Associates Llc
Bought by
Redmon Properties Llc

Purchase Details

Closed on
Sep 21, 2010
Sold by
Waters Roger and Waters Teri
Bought by
Trw & Associates Llc

Purchase Details

Closed on
Jul 14, 2010
Sold by
The Bank Of New York Mellon
Bought by
Waters Roger and Waters Teri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
4.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2010
Sold by
Davis Pamela Sue
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Jul 29, 2005
Sold by
Brown Diana T and Parks Betty T
Bought by
Davis Pamela Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,500
Interest Rate
5.15%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 1, 1994
Sold by
Gadbury Markton J
Bought by
Parks Betty T
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
Meldrum Kingsley F $472,000 First American Title
Redmon Properties Llc $231,500 Guardian Title
Trw & Associates Llc -- None Available
Waters Roger $190,000 North American Title
The Bank Of New York Mellon -- None Available
Davis Pamela Sue $235,000 Security Title
Parks Betty T $123,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meldrum Kingsley F $283,200
Previous Owner Waters Roger $142,500
Previous Owner Davis Pamela Sue $23,500
Previous Owner Davis Pamela Sue $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2019 10/28/19 Off Market $472,000 -- --
05/10/2019 05/10/19 Sold $472,000 0.0% $242 / Sq Ft
03/29/2019 03/29/19 For Sale $472,000 -- $242 / 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 $3,550 $40,682 $2,680 $38,002
2024 $3,378 $40,682 $2,680 $38,002
2022 $2,931 $31,042 $2,720 $28,322
2021 $3,028 $32,640 $2,860 $29,780
2020 $3,099 $33,126 $2,860 $30,266
2019 $3,113 $33,126 $2,860 $30,266
2018 $2,360 $25,891 $2,880 $23,011
2017 $2,352 $25,891 $2,880 $23,011
2016 $1,724 $18,889 $3,184 $15,705
2015 $1,712 $18,890 $3,180 $15,710
2014 $1,385 $15,180 $3,180 $12,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 876166

IRES MLS

APN: 97154-09-033