NOT LISTED FOR SALE

Estimated Value: $824,000 - $1,930,000

0.1 Acre
$11,483,550 Price per Acre
4,489 Sq Ft Lot

Last Sold March 30, 2021

Last sale price $310,000

Est. 229% increase in value since last sale

Current estimated payment $6,558/month

103 Days on Market

Highlights

  • Mountain View
  • Park
  • Satellite Dish
  • Niwot High School Rated A
  • High Speed Internet
  • 2-minute walk to Prospect Park

About This Lot

As of March 2021

Exclusive lot in Prospect that allows for live/work opportunities or a cash positive investment. Zoned MU which allows for 3 residential units with first floor commercial space. Parking approved with four spots total. Recently replatted with the City of Longmont to remove utility easements. Lot is being sold with architectural, structural and MEP designs, as well as all communications with the city pertaining to building permit application.

Last Agent to Sell the Property

Steven Noel

RE/MAX Alliance-Longmont Listed on: 11/30/2020

Co-Listed By

Chris Martinez

RE/MAX Alliance-Longmont

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,755

Lot Details

  • 4,489 Sq Ft Lot
  • Level Lot
  • Property is zoned RES-NEC

HOA Fees

  • $200 Monthly HOA Fees

Schools

  • Burlington Elementary School
  • Sunset Middle School
  • Niwot High School

Utilities

  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Mountain Views
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number R0610801

Community Details

Overview

  • Association fees include common amenities, management
  • Prospect Subdivision

Recreation

  • Park
  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$2,755

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Development Status: Raw Land
  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Horses: No
  • Lot Size Acres: 0.1
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Co List Office Mls Id: LRMA
  • Subdivision Name: Prospect
  • Directions: Head south on Main Street then turn right onto Tenacity Drive. Turn left onto 100 Year Party Court then turn left onto Neon Forest Circle. The destination is on your left.
  • IRESDS_HasWaterRights: No
  • Special Features: None

Interior Features

  • Possible Use: Single Family, Multi-Family, Development, Commercial, Commercial or Industrial
  • Interior Amenities: Satellite Avail, High Speed Internet

Exterior Features

  • Lot Features: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Level, Within City Limits, City Lot
  • View: Mountain(s), Foothills View
  • Waterfront: No
  • Exterior Features: Lighting

Utilities

  • Electric: Electric, City
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Sewer: City Sewer
  • Water Source: City Water, City of Longmont
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • HOA Fee Includes: Common Amenities, Management
  • Community Features: Park
  • Senior Community: No
  • Association Fee: 600
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: Yes
  • IRESDS_HasAssociationFee: Yes

Schools

  • Elementary School: Burlington
  • HighSchool: Niwot
  • Junior High Dist: ST Vrain Dist RE 1J
  • Middle Or Junior School: Sunset Middle

Lot Info

  • Zoning: RES-NEC
  • Lot Size Sq Ft: 4489
  • Parcel #: R0610801
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2755

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2020
Closed on
Mar 30, 2021
Sold by
Schmidt Rod
Bought by
Real Investments Llc
Seller's Agent
Steven Noel
RE/MAX Alliance-Longmont
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$350,000
Sold Price
$310,000
Premium/Discount to List
-$40,000
-11.43%
Current Estimated Value
$1,019,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$709,139
Avg. Annual Appreciation
31.47%
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 Buyer Sale Price Title Company
Real Investments Llc $310,000 Heritage Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schmidt Rod $152,098
Previous Owner Burlighton Neighborhood Inc $528,559
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2021 06/29/21 Off Market $310,000 -- --
03/30/2021 03/30/21 Sold $310,000 -11.4% --
11/30/2020 11/30/20 For Sale $350,000 +23.9% --
01/28/2019 01/28/19 Off Market $282,500 -- --
02/12/2018 02/12/18 Sold $282,500 +61.4% --
01/13/2018 01/13/18 Pending -- -- --
08/06/2017 08/06/17 For Sale $175,000 -- --
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 $8,750 $148,152 $7,963 $140,189
2024 $8,750 $148,152 $7,963 $140,189
2023 $2,009 $91,475 $5,112 $90,048
2022 $3,246 $32,799 $32,799 $0
2021 $3,196 $32,799 $32,799 $0
2020 $2,817 $29,000 $29,000 $0
2019 $2,773 $29,000 $29,000 $0
2018 $2,094 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 929377

IRES MLS

APN: 1315153-94-001