NOT LISTED FOR SALE

1115 12th St Greeley, CO 80631

Estimated Value: $399,000 - $531,000

6 Beds
3 Baths
2,494 Sq Ft
$184/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $439,000 $176 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,706/month

87 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Level Lot
  • Forced Air Heating System
  • Chain Link Fence

About This Home

As of February 2024

Price reduced by $10,000. Income opportunity with this 3 unit property! All units are currently leased. Each unit has their own exterior access. Four car garages are separately rented @$50-65/month. Exterior was freshly painted August 2023. Roof was replaced in 2021. Close to UNC campus and downtown Greeley. Alley access for rented garages and enclosed backyard for tenants. Unit 1 - One bedroom, 3/4 bathroom located on the main floor. Newer gas stove. Heat source is a gas wall unit. Unit 2 - Upper level 2 bedroom, 3/4 bathroom with a newer toilet and a newer vanity. Sizable eat in kitchen with plenty of natural light. Heat source is forced air, furnace located in the attic. Unit 3 - Large 3 bedroom 1 bathroom, located on the main floor, fresh interior paint in the summer of 2023. Primary bedroom is spacious enough for a sleeping area and a sitting area. Kitchen has a new refrigerator and features a spacious pantry. Dishwasher is portable. Heat source is a wall gas unit, and bedrooms have baseboard heating. Carpet in living room and bedrooms. Total rents =$3465 is projected. One unit will be available on 11/1/23, and is currently rented under market. All information deemed reliable but not guaranteed. Buyer to verify all information including zoning, use, potential use, restrictions, square footage and all inspections and due diligence. Also for sale in a separate listing is another multi-unit property with 4 units at 1315 11th Ave Greeley (and the parcel behind it) for $499,000.

Last Agent to Sell the Property

Linda Hepperle

Berkshire Hathaway HomeServices Colorado Real Estate NO CO Listed on: 10/18/2023

Berkshire Hathaway HomeServices Colorado Real Estate NO CO

Last Buyer's Agent

Art Gonzalez

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,670

Year Built

  • Built in 1930

Lot Details

  • 9,500 Sq Ft Lot
  • Chain Link Fence
  • Level Lot
  • Sprinkler System

Parking

  • Alley Access

Home Design

  • Property Attached
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,494 Sq Ft Home
  • 2-Story Property
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Schools

  • Maplewood Elementary School
  • Heath Middle School
  • Greeley Central High School

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number R3036686

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Greeley City Subdivision

Building Details

  • Gross Income $38,280
  • Net Operating Income $35,610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,670

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Year Built: 1930
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.22
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Greeley City
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2494
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family, Development
  • Private Spa: No
  • Appliances: Gas Range/Oven, Refrigerator, All Appliances
  • Has Basement: None
  • Total Bedrooms: 6
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced, Chain Link, Other
  • Lot Features: Curbs, Sidewalks, Lawn Sprinkler System, Level
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Electric: Electric, Xcel
  • Heating: Forced Air, Baseboard, Wall Furnace
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Greeley
  • Gas Company: Natural Gas, Atmos

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Maplewood
  • HighSchool: Greeley Central
  • Junior High Dist: Greeley 6
  • Middle Or Junior School: Heath

Lot Info

  • Zoning: **
  • Lot Size Sq Ft: 9500
  • Parcel #: R3036686
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2670

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 38280
  • Income Includes: ["Lease/Rents","Parking"]
  • Annual Operating Expense: 2670

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Feb 14, 2024
Sold by
Blue Door Properties Llc
Bought by
Oraila Llc
Seller's Agent
Linda Hepperle
Berkshire Hathaway HomeServices Colorado Real Estate NO CO
Buyer's Agent
Art Gonzalez
List Price
$469,000
Sold Price
$439,000
Premium/Discount to List
-$30,000
-6.4%
Total Days on Market
87
Views
82
Current Estimated Value
$459,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,016
Avg. Annual Appreciation
0.24%
Original Mortgage
$215,000
Outstanding Balance
$211,613
Interest Rate
6.6%
Mortgage Type
Construction
Estimated Equity
$228,984

Purchase Details

Closed on
Aug 1, 2023
Sold by
Plumb Anita L
Bought by
Plumb Anita L and Owen Lori

Purchase Details

Listed on
Apr 10, 2015
Closed on
Sep 30, 2015
Sold by
Borys Richard M
Bought by
Blue Door Properties Llc
Seller's Agent
Shelley Costigan
Realty One Group Fourpoints
Buyer's Agent
Steve Baker
Sears Real Estate
List Price
$249,000
Sold Price
$195,000
Premium/Discount to List
-$54,000
-21.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.57%
Original Mortgage
$156,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 6, 2012
Sold by
Borys Richard M
Bought by
Borys Richard M

Purchase Details

Closed on
Jan 31, 2005
Sold by
Franco Jose and Perea Rosa
Bought by
Borys Richard M and Borys Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
May 19, 1995
Sold by
Genesis Investment Group Ltd
Bought by
Franco Jose

Purchase Details

Closed on
Jun 15, 1993
Sold by
Nelson La Vern C and Mc Millan M
Bought by
Genesis Investment Group Ltd

Purchase Details

Closed on
Mar 22, 1983
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
Oraila Llc $439,000 None Listed On Document
Plumb Anita L -- None Listed On Document
Blue Door Properties Llc $195,000 Unified Title Co Inc
Borys Richard M -- None Available
Borys Richard M $115,000 Security Title
Franco Jose $118,000 --
Genesis Investment Group Ltd $59,000 --
-- -- --
Nelson La Vern C $73,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oraila Llc $215,000
Previous Owner Raisa Funding I Llc $0
Previous Owner Blue Door Properties Llc $156,000
Previous Owner Borys Richard M $129,000
Previous Owner Borys Richard M $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $439,000 -2.2% $176 / Sq Ft
01/13/2024 01/13/24 Pending -- -- --
12/14/2023 12/14/23 Price Changed $449,000 -2.2% $180 / Sq Ft
11/09/2023 11/09/23 Price Changed $459,000 -2.1% $184 / Sq Ft
10/18/2023 10/18/23 For Sale $469,000 +140.5% $188 / Sq Ft
01/28/2019 01/28/19 Off Market $195,000 -- --
09/30/2015 09/30/15 Sold $195,000 -21.7% $78 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
04/10/2015 04/10/15 For Sale $249,000 -- $100 / 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 $2,458 $28,300 $4,160 $24,140
2024 $2,458 $28,300 $4,160 $24,140
2023 $2,344 $32,990 $4,500 $28,490
2022 $2,431 $27,880 $3,290 $24,590
2021 $2,563 $29,310 $3,460 $25,850
2020 $2,011 $23,070 $2,850 $20,220
2019 $2,016 $23,070 $2,850 $20,220
2018 $1,285 $15,510 $2,600 $12,910
2017 $1,292 $15,510 $2,600 $12,910
2016 $1,045 $14,120 $2,310 $11,810
2015 $1,041 $14,120 $2,310 $11,810
2014 $422 $5,590 $1,780 $3,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 998312

IRES MLS

APN: R3036686