NOT LISTED FOR SALE

Estimated Value: $620,538 - $646,000

4 Beds
2 Baths
1,860 Sq Ft
$340/Sq Ft Est. Value

Last Sold February 17, 2023

Last sale price $591,500 $318 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,574/month

3 Days on Market

Highlights

  • 3 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Wood Siding
  • George Washington High School Rated A-
  • Level Lot
  • 2-minute walk to New Freedom Park

About This Home

As of February 2023

***Seller would like to make a decision by 5pm 01/23/23. Please submit highest and best by 3pm on 01/23/23.*** Welcome to this wonderful up/down (garden level) duplex just north of the Lowry complex in Denver! This duplex boasts two 2 bed/1 bath units, a 3-car garage, and tons of new upgrades for your buyer! This property was originally purchased as a house hack, and is currently operated as an Airbnb for medium-term housing (travel nurses, remote workers, relocators, etc). The long-term market in this area is about $1,600 per unit. The current owner has successfully been renting both units out on Airbnb for $2500+ a month each! This property is fully furnished currently, and the owner is willing to negotiate a reasonable sale of all personal property in the place, so the next buyer could walk in and use the Airbnb model to their benefit! The following upgrades have been made over the past 5-or so years: new exterior paint (2018), garbage disposal (21/22), garage doors (2021), washer, dryer, fridge, and range in the downstairs unit (2022), downstairs unit new kitchen remodel (2022), new water heater downstairs (2020), new furnace and AC for upstairs (2019), new concrete work in front (2022).

Last Agent to Sell the Property

David Heisler

Atlas Real Estate Group License #100084015 Listed on: 01/20/2023

Last Buyer's Agent

Nate Sylvan

Capital Property Group LLC License #100074265

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,025

Year Built

  • Built in 1978

Lot Details

  • 6,273

Parking

  • 3 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Finished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Place Elementary And Middle School
  • George Washington High School

Additional Features

  • Level Lot
  • Forced Air Heating and Cooling System

Community Details

  • Operating Expense $8,000

Listing and Financial Details

  • Exclusions: Seller's personal property
  • Assessor Parcel Number 6041-31-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,025

Year Built

Built in 1978

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Structure Type: Duplex
  • Levels: Two
  • Above Grade Price per Sq Ft: 636.02
  • Finished Price per Sq Ft: 318.01
  • Total Price per Sq Ft: 318.01
  • Year Built: 1978
  • Above Grade Finished Sq Ft: 930.00
  • Actual Annual Net Income: 30400.00
  • Exclusions: Seller's personal property
  • Living Area: 1860.00
  • Projected Annual Expense: 8000.00
  • Projected Annual Net Income: 30400.00
  • Projected Gross Income: 38400.00
  • Special Features: None

Interior Features

  • Basement: Finished, Walk-Out Access
  • Basement: Yes
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 930.00

Exterior Features

  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air

Fee Information

  • Operating Expense: 8000.00

Schools

  • Middle Or Junior School: Place

Lot Info

  • Parcel Number: 6041-31-019
  • Building Area Total: 1860.00
  • Lot Features: Level

Multi Family

  • Unit Count: 1

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2025.00

MLS Schools

  • Elementary School: Place
  • High School: George Washington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2023
Closed on
Feb 17, 2023
Sold by
Sarwana Omer
Bought by
Benjamin Todd
Seller's Agent
David Heisler
Atlas Real Estate Group
Buyer's Agent
Nate Sylvan
Capital Property Group LLC
List Price
$560,000
Sold Price
$591,500
Premium/Discount to List
$31,500
5.62%
Views
20
Current Estimated Value
$633,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,769
Avg. Annual Appreciation
2.50%
Original Mortgage
$473,000
Outstanding Balance
$458,159
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$175,110

Purchase Details

Closed on
Nov 24, 2020
Sold by
Houck Susan A
Bought by
Sarwana Omer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,475
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 7, 2015
Sold by
Zeleke Dereje
Bought by
Smith & Jones Holdings Llc

Purchase Details

Closed on
Jul 1, 2003
Sold by
Rempfer Ephraim
Bought by
Houck Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 1997
Sold by
E R J Inc
Bought by
Rempfer Ephraim
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Benjamin Todd $591,250 Fitco
Sarwana Omer $415,000 Land Title
Smith & Jones Holdings Llc $270,000 None Available
Houck Susan A $195,000 --
Rempfer Ephraim -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benjamin Todd $473,000
Previous Owner Sarwana Omer $400,475
Previous Owner Houck Susan A $136,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2023 02/17/23 Sold $591,500 +5.6% $318 / Sq Ft
01/23/2023 01/23/23 Pending -- -- --
01/20/2023 01/20/23 For Sale $560,000 -- $301 / Sq Ft
Source: REcolorado®

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
2024 $2,866 $36,180 $10,960 $25,220
2023 $2,803 $36,180 $10,960 $25,220
2022 $2,053 $25,810 $8,490 $17,320
2021 $2,025 $27,140 $8,930 $18,210
2020 $2,097 $28,260 $6,700 $21,560
2019 $2,038 $28,260 $6,700 $21,560
2018 $1,700 $21,970 $6,750 $15,220
2017 $1,695 $21,970 $6,750 $15,220
2016 $1,271 $15,580 $4,474 $11,106
2015 $1,217 $15,580 $4,474 $11,106
2014 $1,026 $12,350 $3,980 $8,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 2005974

REcolorado®

APN: 6041-31-019