NOT LISTED FOR SALE

1200 Pomona St Fort Collins, CO 80521

Estimated Value: $475,274 - $795,000

8 Beds
4 Baths
3,648 Sq Ft
$175/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $814,125 $223 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $3,554/month

29 Days on Market

Highlights

  • No HOA
  • Wood Fence
  • 5-minute walk to Freedom Square Park
  • Baseboard Heating

About This Home

As of March 2024

Situated as 2 separate duplexes, this is a great investment w/ stabilized occupancy & a fantastic operating history. The property is conveniently located and is a value add opportunity for an investor looking to build equity. Bldg 1 is comprised of 2 units w/ 2 bedrooms & 1.5 bath (1,016 SF), Bldg 2 is comprised w/ 2 units with 2 bedrooms & 1 bath (808 SF). Units are rented below market allowing opportunity to add value. All electric utilities are paid by tenants & all units have washers/dryers.

Last Agent to Sell the Property

Aki Palmer

Cushman & Wakefield Listed on: 10/31/2023

Last Buyer's Agent

Danny Crisafulli

The Crisafulli Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,590

Year Built

  • Built in 1973

Lot Details

  • 0.28 Acre Lot
  • Wood Fence

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,648 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Cache La Poudre Elementary School
  • Lesher Middle School
  • Poudre High School

Utilities

  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, water, sewer
  • Assessor Parcel Number R0363561

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Granada Heights Subdivision

Building Details

  • Gross Income $52,092
  • Net Operating Income $34,285

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,590

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Year Built: 1973
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.28
  • Subdivision Name: GRANADA HEIGHTS
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3648
  • Special Features: None
  • Stories: 2

Interior Features

  • Private Spa: No
  • Appliances: Washer, Dryer
  • Has Basement: None
  • Total Bedrooms: 8
  • ResoLivingAreaSource: Other

Exterior Features

  • Roof: Composition
  • Fencing: Wood
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric
  • Heating: Baseboard
  • Utilities: Electricity Available
  • Heating Yn: Yes
  • Water Source: City Water, City of Fort Collins

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Cache La Poudre
  • HighSchool: Poudre
  • Junior High Dist: Poudre
  • Middle Or Junior School: Lesher

Lot Info

  • Zoning: Commercial
  • Lot Size Sq Ft: 12197
  • Parcel #: R0363561
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity, Water, Sewer

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 52092
  • Income Includes: ["Lease/Rents"]

Tax Info

  • Tax Annual Amount: 4590

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2024
Sold by
Crisafulli Daniel P
Bought by
1200 Pomona Llc
Current Estimated Value
$639,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$447,000
Outstanding Balance
$442,525
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$196,544

Purchase Details

Listed on
Oct 31, 2023
Closed on
Mar 15, 2024
Sold by
Augenstein Jay A and Augenstein Susan S
Bought by
1200 Pomona Llc
Seller's Agent
Aki Palmer
Cushman & Wakefield
Buyer's Agent
Danny Crisafulli
The Crisafulli Group
List Price
$835,000
Sold Price
$814,125
Premium/Discount to List
-$20,875
-2.5%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.96%
Original Mortgage
$814,000
Interest Rate
6.63%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 11, 2012
Sold by
Juniper Properties Llc
Bought by
Augenstein Jay A and Augenstein Susan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
3.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 18, 2010
Sold by
Juniper Properties Llc
Bought by
Colorado Recovery Properties Ltd Ii Pshp

Purchase Details

Closed on
May 1, 2000
Sold by
University Village Development
Bought by
University Village Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
8.19%

Purchase Details

Closed on
Dec 1, 1990
Bought by
University Village
Source: Public Records

Range of Values:

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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
1200 Pomona Llc -- None Listed On Document
1200 Pomona Llc -- None Listed On Document
1200 Pomona Llc -- None Listed On Document
Crisafulli Daniel P -- None Listed On Document
1200 Pomona Llc $814,125 Land Title
Augenstein Jay A $350,000 North Amer Title Co Of Co
Colorado Recovery Properties Ltd Ii Pshp -- None Available
University Village Llp -- --
University Village -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crisafulli Daniel P $447,000
Previous Owner 1200 Pomona Llc $814,000
Previous Owner Augenstein Jay A $262,500
Previous Owner University Village Llp $307,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2024 03/15/24 Sold $814,125 -2.5% $223 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $835,000 -- $229 / 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 $2,298 $27,638 $6,700 $20,938
2024 $5,638 $65,446 $13,400 $52,046
2022 $4,591 $48,620 $8,160 $40,460
2021 $4,742 $51,123 $8,580 $42,543
2020 $4,496 $48,048 $8,580 $39,468
2019 $4,515 $48,048 $8,580 $39,468
2018 $3,360 $36,864 $5,184 $31,680
2017 $3,348 $36,864 $5,184 $31,680
2016 $3,096 $33,909 $5,731 $28,178
2015 $3,073 $33,910 $5,730 $28,180
2014 $2,311 $25,330 $5,730 $19,600
Source: Public Records

Agents Affiliated with this Home

  • Aki Palmer

    Seller's Agent in 2024

    Aki Palmer

    Cushman & Wakefield

    (970) 267-7729

    13 Total Sales

    Aki Palmer
    Section Image

  • D

    Buyer's Agent in 2024

    Danny Crisafulli

    The Crisafulli Group

    84 Total Sales

    Danny Crisafulli
    Section Image
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Map

Source: IRES MLS

MLS Number: 998970

IRES MLS

APN: 97034-12-001

Colorado Larimer County Fort Collins 80521

1200 Pomona St, Fort Collins, CO

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.

Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

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