NOT LISTED FOR SALE

Estimated Value: $399,000 - $452,042

6 Beds
3 Baths
2,330 Sq Ft
$184/Sq Ft Est. Value

Last Sold October 25, 2021

Last sale price $415,000 $178 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,374/month

10 Days on Market

Highlights

  • Main Floor Bedroom
  • No HOA
  • Eat-In Kitchen
  • Corner Lot
  • Wood Frame Window
  • Outdoor Storage

About This Home

As of October 2021

Multifamily fully leased investment property zoned as a legal triplex in the heart of Greeley. Each unit has 2 bed and 1 full bath. Quiet street and corner lot, close to Island Grove Park and Schools. Unit 3 has been updated with new cabinets and flooring. Unit 1 needs some love. Tenants would like to stay, 1 is on a year lease through June 2022 and other 2 units are on month to month and have had 0% vacancy rate for past 3 years. Tenants pay some utilities. New boiler (2010), new roof (2013), new automatic sprinkler system (2017). Showings are restricted due to tenant occupancy. Open House for Investors Friday 9/10 1-4pm.

Last Agent to Sell the Property

Amilyn Stange

C3 Real Estate Solutions, LLC License #100094635 Listed on: 09/08/2021

C3 Real Estate Solutions, LLC

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,391

Year Built

  • Built in 1910

Lot Details

  • 5,227 Sq Ft Lot
  • North Facing Home
  • Corner Lot
  • Level Lot
  • Sprinkler System

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,330 Sq Ft Home
  • 2-Story Property
  • Wood Frame Window
  • Partial Basement

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms
  • Primary bathroom on main floor

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Schools

  • Martinez Elementary School
  • Franklin Middle School
  • Northridge High School

Additional Features

  • Low Pile Carpeting
  • Mineral Rights Excluded
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, trash collection
  • Assessor Parcel Number R2998286

Community Details

Overview

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

Building Details

  • Gross Income $37,866
  • Net Operating Income $25,618

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,391

Year Built

Built in 1910

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Year Built: 1910
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.12
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Greeley City
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Legal Conforming
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2330
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator
  • Accessibility Features: Level Lot, Low Carpet, Main Floor Bath, Main Level Bedroom
  • Has Basement: Partial
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Window Features: Wood Frames
  • ResoLivingAreaSource: Other

Exterior Features

  • Roof: Composition
  • Fencing: Other
  • Lot Features: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Lawn Sprinkler System, Mineral Rights Excluded, Corner Lot, Level, Within City Limits
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Direction Faces: North
  • Exterior Features: Lighting
  • Other Structures: Storage
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Xcel
  • Heating: Hot Water
  • 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: Martinez
  • HighSchool: Northridge
  • Junior High Dist: Greeley 6
  • Middle Or Junior School: Franklin

Lot Info

  • Zoning: RM
  • Lot Size Sq Ft: 5227
  • Parcel #: R2998286
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Trash Collection

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1391

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 37866
  • Income Includes: ["Lease/Rents"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2021
Closed on
Oct 25, 2021
Sold by
Willson Wade and Willson Luana
Bought by
Gonzalez Miguel Martinez
Seller's Agent
Amilyn Stange
C3 Real Estate Solutions, LLC
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$430,000
Sold Price
$415,000
Premium/Discount to List
-$15,000
-3.49%
Current Estimated Value
$427,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,761
Avg. Annual Appreciation
0.71%
Original Mortgage
$311,250
Outstanding Balance
$283,831
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$143,930

Purchase Details

Closed on
Apr 5, 2019
Sold by
J Properties Llc
Bought by
Willson Wade and Willson Luana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,706
Interest Rate
4.3%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 20, 2012
Sold by
Woody Investments Llc
Bought by
J Properties Llc

Purchase Details

Closed on
Dec 9, 2008
Sold by
Bank Of New York
Bought by
Woody Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2006
Sold by
Lechuga Jesus
Bought by
Lechuga Jesus E and Lechuga Hortencia B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
1.75%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 9, 2002
Sold by
Lynn George William N and Lynn George Richard
Bought by
Lechuga Jesus

Purchase Details

Closed on
Dec 24, 1987

Purchase Details

Closed on
Aug 18, 1987

Purchase Details

Closed on
Oct 10, 1985
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gonzalez Miguel Martinez $415,000 First American
Gonzalez Miguel Martinez $415,000 First American
Willson Wade $350,000 First American Title
Willson Wade $350,000 First American Title
J Properties Llc -- None Available
J Properties Llc -- None Available
Woody Investments Llc $63,000 None Available
Woody Investments Llc $63,000 None Available
Lechuga Jesus E -- Fahtco
Lechuga Jesus E -- Fahtco
Lechuga Jesus $129,320 Stewart Title
Lechuga Jesus $129,320 Stewart Title
-- -- --
-- -- --
-- -- --
-- -- --
-- -- --
Lyn George William N $28,700 --
-- -- --
Lyn George William N $28,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Miguel Martinez $311,250
Previous Owner Willson Wade $302,706
Previous Owner Woody Investments Llc $50,400
Previous Owner Lechuga Jesus E $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2022 01/23/22 Off Market $415,000 -- --
10/25/2021 10/25/21 Sold $415,000 -3.5% $178 / Sq Ft
09/10/2021 09/10/21 For Sale $430,000 -- $185 / Sq Ft
Source: IRES MLS

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 $2,045 $29,180 $2,190 $26,990
2024 $2,045 $29,180 $2,190 $26,990
2023 $2,075 $29,630 $2,370 $27,260
2022 $2,135 $24,480 $1,850 $22,630
2021 $2,251 $25,740 $1,950 $23,790
2020 $1,391 $15,960 $1,450 $14,510
2019 $1,395 $15,960 $1,450 $14,510
2018 $987 $11,920 $1,220 $10,700
2017 $993 $11,920 $1,220 $10,700
2016 $780 $10,540 $760 $9,780
2015 $777 $10,540 $760 $9,780
2014 $540 $7,150 $660 $6,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE950477

IRES MLS

APN: R2998286

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