NOT LISTED FOR SALE

119 1st Ave Ault, CO 80610

Estimated Value: $397,673 - $471,000

6 Beds
3 Baths
2,884 Sq Ft
$154/Sq Ft Est. Value

Last Sold August 08, 2022

Last sale price $450,000 $156 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,747/month

18 Days on Market

Highlights

  • City View
  • Deck
  • Wood Flooring
  • Open Floorplan
  • Cathedral Ceiling
  • Victorian Architecture

About This Home

As of August 2022

What a unique and cool property right in the heart of Ault Colorado. This home offers the perfect set up for a multiple unit rental or you can live in the upstairs & rent the basement to pay for your mortgage or even potentially collect passive income. This up down duplex offers 2 separate 3 bedroom units with updated kitchens, granite counters, nice cabinets & separate laundry areas. The main unit has wood floors, good floor plan, nice kitchen & an enormous master bath. The basement apartment offers a very spacious & open floor plan, an updated bathroom, & egress windows for the bedrooms. You're going to love the wood floors in the living room, dining room, hallways & office. Outside even has 2 separate areas, one has a delightful covered patio with trex decking, outdoor fireplace, & a fenced yard. The other units offers lots of yard & a detached shed. Sellers have done some nice updates since they have purchased this home! You will want to come take a look.

Last Agent to Sell the Property

Ryan Andre

Sears Real Estate Listed on: 06/23/2022

Sears Real Estate

Last Buyer's Agent

Chrisann Reese

Camelot Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,373

Year Built

  • Built in 1906

Lot Details

  • 8,000 Sq Ft Lot
  • Partially Fenced Property
  • Wood Fence
  • Corner Lot

Home Design

  • Victorian Architecture
  • Wood Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,884 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace
  • Dining Room
  • City Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Painted or Stained Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outdoor Storage

Location

  • Mineral Rights Excluded

Schools

  • Highland Elementary And Middle School
  • Highland School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number R0157990

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Graefes 5Th Add Subdivision

Building Details

  • Gross Income $37,422
  • Net Operating Income $33,357

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,373

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Year Built: 1906
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.18
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Graefes 5th add
  • Architectural Style: Victorian, Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2884
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family, Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Gas Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, All Appliances, Disposal
  • Has Basement: Full, 90%+ Finished Basement
  • Total Bedrooms: 6
  • Fireplace Features: Single Fireplace
  • Fireplace: Yes
  • Flooring: Wood Floors
  • Interior Amenities: High Speed Internet, Eat-in Kitchen, Separate Dining Room, Cathedral/Vaulted Ceilings, Open Floorplan, Kitchen Island
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial, Fenced, Wood
  • Lot Features: Curbs, Gutters, Mineral Rights Excluded, Corner Lot
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame, Wood Siding, Painted/Stained
  • Other Structures: Storage
  • Patio And Porch Features: Deck
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Ceiling Fan(s)
  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, Ault
  • Gas Company: Natural Gas, Atmos

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: Highland
  • HighSchool: Highland
  • Junior High Dist: Ault-Highland RE-9
  • Middle Or Junior School: Highland

Lot Info

  • Zoning: R2
  • Lot Size Sq Ft: 8000
  • Parcel #: R0157990
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1373

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 37422
  • Income Includes: ["Lease/Rents"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Aug 9, 2022
Sold by
Reinhardt Darren W
Bought by
Calley Myra K and Callan Scott W
Seller's Agent
Ryan Andre
Sears Real Estate
Buyer's Agent
Chrisann Reese
Camelot Properties
List Price
$485,000
Sold Price
$450,000
Premium/Discount to List
-$35,000
-7.22%
Current Estimated Value
$497,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,732
Avg. Annual Appreciation
-0.43%
Original Mortgage
$437,000
Outstanding Balance
$417,228
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$26,190

Purchase Details

Listed on
Jun 23, 2022
Closed on
Aug 8, 2022
Sold by
Devan Lewis E
Bought by
Twin Buttes Ministry Partners
Seller's Agent
Ryan Andre
Sears Real Estate
Buyer's Agent
Chrisann Reese
Camelot Properties
List Price
$485,000
Sold Price
$450,000
Premium/Discount to List
-$35,000
-7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,000
Outstanding Balance
$417,228
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$26,190

Purchase Details

Listed on
May 11, 2015
Closed on
Jul 31, 2015
Sold by
Shank Thomas W and Shank Jill L
Bought by
Lewis Devan and Lewis Chrissie
Seller's Agent
Cathy Harris
LoKation Real Estate
Buyer's Agent
Ryan Andre
Sears Real Estate
List Price
$235,000
Sold Price
$232,500
Premium/Discount to List
-$2,500
-1.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.85%
Original Mortgage
$186,000
Interest Rate
4.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 7, 2011
Sold by
Shank Thomas W and Shank Jill L
Bought by
Mabry James A and Mabry Betty K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2008
Sold by
Mabry James A and Mabry Betty K
Bought by
Mabry James A and Mabry Betty K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.23%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 28, 2007
Sold by
Orange Lien Investors Llc
Bought by
Mabry James A and Mabry Betty K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.23%
Mortgage Type
Unknown
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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Purchase History

Date Buyer Sale Price Title Company
Calley Myra K $785,000 None Listed On Document
Twin Buttes Ministry Partners $450,000 Stewart Title Company
Lewis Devan $232,500 Heritage Title
Mabry James A -- Land Title Guarantee Company
Mabry James A -- Security Title
Mabry James A $170,000 Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Calley Myra K $437,000
Previous Owner Lewis Devan $186,000
Previous Owner Mabry James A $128,000
Previous Owner Mabry James A $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/08/2022 08/08/22 Sold $450,000 -3.2% $156 / Sq Ft
07/07/2022 07/07/22 Price Changed $465,000 -4.1% $161 / Sq Ft
06/23/2022 06/23/22 For Sale $485,000 +108.6% $168 / Sq Ft
01/28/2019 01/28/19 Off Market $232,500 -- --
07/31/2015 07/31/15 Sold $232,500 -1.1% $59 / Sq Ft View Prior Sale
07/01/2015 07/01/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $235,000 -- $60 / 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 $1,745 $25,020 $4,000 $21,020
2024 $1,745 $25,020 $4,000 $21,020
2023 $1,419 $27,660 $4,330 $23,330
2022 $1,275 $20,410 $2,920 $17,490
2021 $1,373 $21,460 $3,070 $18,390
2020 $1,299 $20,380 $2,230 $18,150
2019 $1,370 $20,380 $2,230 $18,150
2018 $1,142 $16,730 $1,670 $15,060
2017 $1,144 $16,730 $1,670 $15,060
2016 $1,403 $20,950 $1,720 $19,230
2015 $1,408 $20,950 $1,720 $19,230
2014 $851 $12,680 $1,410 $11,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 969299

IRES MLS

APN: R0157990