NOT LISTED FOR SALE

Estimated Value: $561,055

4 Beds
2 Baths
1,811 Sq Ft
$310/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2024

Last sale price $500,000 $276 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,302 / mo

39 Days on Market

Highlights

  • Open Floorplan
  • Eat-In Kitchen
  • Forced Air Heating System
  • No HOA
  • Double Pane Windows
  • Wood Fence

About This Home

As of September 2024

ASK ABOUT HOW YOU CAN LIVE HERE WITH LOW MONTHLY PAYMENT AS AN OWNER OCCUPIED UNIT. This +/- 1,811 SF duplex on crawl space foundation with detached (4) car garage was built in 1978 and was remodeled in 2018 when converted from a house into a duplex. This property offers offers an excellent investment opportunity to acquire an infill property within minutes to Downtown Loveland on an 0.2 acre (8,640 SF) lot with no homeowners association. Recent property improvements include new exterior paint in 2024 and new roof and windows in 2018. Rear unit was constructed in 2018 with associated forced HVAC system and appliances. Detached four (4) car garage was resided in 2018. Excellent unit amenities including in unit washer/dryer for each unit, forced air heating, and fenced private backyard for rear unit and fenced patio for front unit. Future development potential with R3e Zoning, a high density residential zoning for established neighborhoods allowing for up to twenty (20) units per acre or four (4) dwelling units for the subject property. Current tenants are with long term tenants and are on a month-to-month lease. Pro forma rents of $1,600/month/unit based on rent survey, ask for details. Separately leased detached garage spaces with pro forma rents of $125/month. Tenants pay separately metered gas and electricity. Sewer, storm, and trash charges are paid by owner and are reimbursable per lease. Owner pays for water and landscaping maintenance. Pro forma assumes owner bills back for water and tenants are responsible for landscaping maintenance.

Last Agent to Sell the Property

Wayne Lewis

LC Real Estate Group, LLC License #40043311 Listed on: 08/22/2024

Last Buyer's Agent

Edwin Lucero

LPT Realty, LLC. License #100078697

LPT Realty, LLC.
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,943

Year Built

  • Built in 1978

Lot Details

  • 8,640 Sq Ft Lot
  • Wood Fence
  • Chain Link Fence
  • Level Lot

Parking

  • Alley Access

Home Design

  • Property Attached
  • Wood Frame Construction
  • Composition Roof
  • Composition Shingle

Interior Spaces

  • 1,811 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Double Pane Windows
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Schools

  • Winona Elementary School
  • Ball Middle School
  • Thompson Valley High School

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R0694126

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Wilson Addition Subdivision

Building Details

  • Gross Income $45,638
  • Net Operating Income $40,116

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,943

Year Built

Built in 1978

Lot Details

8,640 Sq Ft Lot

Listing Details

  • Year Built: 1978
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.2
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Wilson Addition
  • Directions: Drive west on US Hwy 34/Eisenhower from I-25. Turn south onto Madison Ave. Turn right onto 5th Street. Property is approx. 13th building on left.
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1811
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Accessibility Features: Level Lot
  • Has Basement: Crawl Space
  • Total Bedrooms: 4
  • Interior Amenities: Eat-in Kitchen, Open Floorplan
  • Window Features: Double Pane Windows
  • ResoLivingAreaSource: Other

Exterior Features

  • Roof: Composition
  • Fencing: Fenced, Wood, Chain Link
  • Lot Features: Curbs, Gutters, Sidewalks, Level
  • Waterfront: No
  • Construction Type: Wood/Frame, Composition Siding
  • Exterior Features: Lighting
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Electric: Electric, Separate Meter Electricity, City
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Loveland
  • Gas Company: Natural Gas, Separate Meter Gas, XCEL Energy

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

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

Schools

  • Elementary School: Winona
  • HighSchool: Thompson Valley
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Ball (Conrad)

Lot Info

  • Zoning: Re3
  • Lot Size Sq Ft: 8640
  • Parcel #: R0694126
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2943

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 45638
  • Income Includes: ["Lease/Rents","Common Area Fees","Parking"]

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Sep 30, 2024
Sold by
Bought by
Seller's Agent
Wayne Lewis
LC Real Estate Group, LLC
Buyer's Agent
Edwin Lucero
LPT Realty, LLC.
List Price
$500,000
Sold Price
$500,000
Views
84
Current Estimated Value
$561,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,055
Avg. Annual Appreciation
6.46%
Original Mortgage
$375,000
Outstanding Balance
$367,468
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$193,587

Purchase Details

Closed on
May 17, 2023
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$500,000 Land Title Guarantee
-- None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $375,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2024 09/30/24 Sold $500,000 0.0% $276 / Sq Ft
08/22/2024 08/22/24 For Sale $500,000 +78.6% $276 / Sq Ft
01/28/2019 01/28/19 Off Market $280,000 -- --
05/02/2018 05/02/18 Sold $280,000 -20.0% $157 / Sq Ft View Prior Sale
04/06/2018 04/06/18 For Sale $350,000 -- $197 / Sq Ft
Source: IRES MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,629 $36,326 $2,313 $34,013
2024 $2,536 $36,629 $2,479 $34,150
2022 $2,344 $29,458 $2,516 $26,942
2021 $2,462 $30,974 $2,646 $28,328
2020 $1,604 $20,171 $2,646 $17,525
2019 $1,577 $20,171 $2,646 $17,525
2018 $1,953 $23,731 $2,664 $21,067
2017 $1,682 $23,731 $2,664 $21,067
2016 $1,625 $22,160 $2,945 $19,215
2015 $1,612 $22,170 $2,950 $19,220
2014 $1,347 $17,910 $2,950 $14,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE1017060

IRES MLS

APN: 95134-46-002

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