NOT LISTED FOR SALE

Estimated Value: $938,000 - $1,243,000

5 Beds
4 Baths
2,867 Sq Ft
$360/Sq Ft Est. Value

Last Sold May 06, 2024

Last sale price $800,000 $279 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,925/month

12 Days on Market

Highlights

  • No HOA
  • Bromwell Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of May 2024

Value-Add quadplex one block away from Cheesman Park offered at a 5.87% cap rate.

Diverse unit mix consisting of one studio, two 1bds, and one 2bd. Two of these units have been recently renewed at higher lease rates.

New owner can increase income by renovating all units and increase rent.

Alley parking in the rear of the building.

Last Agent to Sell the Property

Scott Whitfield

Capital Property Group LLC Brokerage Email: scott@capitalpropgroup.com,303-919-7967 License #40038243 Listed on: 02/21/2024

Co-Listed By

Paul Hanson

Capital Property Group LLC Brokerage Email: scott@capitalpropgroup.com,303-919-7967 License #100076130

Last Buyer's Agent

Sue Viney

Hazel Sky Homes LLC License #100025342

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,988

Year Built

  • Built in 1894

Lot Details

  • 3,125 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Parking Spaces

Home Design

  • Quadruplex
  • Fixer Upper
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2,867 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Schools

  • Bromwell Elementary School
  • Morey Middle School
  • East High School

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Wymans Subdivision

Listing and Financial Details

  • Exclusions: owner and tenant personal property
  • Assessor Parcel Number 5021-19-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,988

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: Two
  • Year Built: 1894
  • Above Grade Finished Sq Ft: 2867
  • Exclusions: owner and tenant personal property
  • Living Area: 2867
  • Property Condition: Fixer
  • SubdivisionName: Wymans
  • Co List Office Mls Id: RECDRGZJ
  • Co List Office Phone: 303-502-7333
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 0.00
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.94118
  • Attribution Contact: scott@capitalpropgroup.com,303-919-7967
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Basement: Partial
  • Basement: Yes
  • Total Bedrooms: 5

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 3
  • REC_ParkingCount: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Morey

Lot Info

  • Parcel Number: 5021-19-003
  • Lot Size Acres: 0.07
  • Building Area Total: 2867
  • Lot Size Sq Ft: 3125
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5988

MLS Schools

  • Elementary School: Bromwell
  • High School: East

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2024
Closed on
May 6, 2024
Sold by
Myers Development Ltd
Bought by
Wiz Wit Llc
Seller's Agent
Scott Whitfield
Capital Property Group LLC
Buyer's Agent
Sue Viney
Hazel Sky Homes LLC
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%
Views
50
Current Estimated Value
$1,032,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,520
Avg. Annual Appreciation
18.81%

Purchase Details

Closed on
Sep 25, 2018
Sold by
Grabau Properties Llc
Bought by
Myers Development Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 21, 2016
Sold by
Crancer Thomas Darlington
Bought by
Grabau Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$514,500
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 17, 2005
Sold by
Spence Christopher K
Bought by
Crancer Thomas Darlington

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
5.92%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 11, 1995
Sold by
Anderson Doug and Anderson Merrell R
Bought by
Spence Christopher K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,900
Interest Rate
7.39%
Source: Public Records

Range of Values:

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Average Value
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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
Wiz Wit Llc $800,000 Land Title
Myers Development Ltd $950,000 Land Title Guarantee Co
Grabau Properties Llc $677,000 Land Title Guarantee
Crancer Thomas Darlington $325,000 Land Title Guarantee Company
Spence Christopher K $137,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Myers Development Ltd $712,500
Previous Owner Grabau Properties Llc $514,500
Previous Owner Crancer Thomas Darlington $243,750
Previous Owner Spence Christopher K $95,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2024 05/06/24 Sold $800,000 -5.9% $279 / Sq Ft
02/21/2024 02/21/24 For Sale $850,000 -- $296 / 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 $6,122 $77,290 $10,270 $67,020
2023 $5,989 $77,290 $10,270 $67,020
2022 $6,072 $76,350 $14,160 $62,190
2021 $6,072 $80,280 $14,890 $65,390
2020 $4,531 $61,070 $13,140 $47,930
2019 $4,404 $61,070 $13,140 $47,930
2018 $2,118 $27,380 $12,360 $15,020
2017 $2,112 $27,380 $12,360 $15,020
2016 $2,452 $30,070 $11,709 $18,361
2015 $2,349 $30,070 $11,709 $18,361
2014 $1,604 $19,310 $6,965 $12,345
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 3348094

REcolorado®

APN: 5021-19-003