NOT LISTED FOR SALE

Estimated Value: $643,000 - $765,000

5 Beds
4 Baths
3,255 Sq Ft
$215/Sq Ft Est. Value

Last Sold June 23, 2017

Last sale price $625,000 $192 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,046/month

21 Days on Market

Highlights

  • 0.33 Acre Lot
  • No HOA
  • Brick Veneer
  • Longmont High School Rated A-
  • Eat-In Kitchen
  • Patio

About This Home

As of June 2017

Excellent 3-unit investment opportunity in central Longmont. Perfect for investor or owner occupant looking for rental income. Lot includes 3 bed/2 bath ranch home w/ 2-car attached garage, 2 cottages, large detached 2-car garage with workshop & ample off-street parking. The ranch has a non-conf 4th bsmt bdrm & private fenced yard. Both cottages are 1 bed/1 bath unit's w/ cozy living room & kitchen. Solid rental history for all units. Will not last! Seller is a licensed Real Estate agent.

Last Agent to Sell the Property

Chris Angelovic

LIV Sotheby's Intl Realty Listed on: 05/03/2017

LIV Sotheby's Intl Realty

Last Buyer's Agent

Terri Taydus

Colorado Lifestyles Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,528

Year Built

  • Built in 1940

Lot Details

  • 0.33 Acre Lot
  • Partially Fenced Property
  • Wood Fence
  • Level Lot
  • Sprinkler System
  • Legal Non-Conforming

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,255 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Washer and Dryer Hookup

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms
  • Primary bathroom on main floor

Finished Basement

  • Partial Basement
  • Crawl Space

Schools

  • Mountain View Elementary School
  • Longs Peak Middle School
  • Longmont High School

Additional Features

  • Patio
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R0512390

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Morgan & Wegner Subdivision

Building Details

  • Gross Income $52,800
  • Net Operating Income $43,822

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,528

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Year Built: 1940
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.33
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Morgan & Wegner
  • Directions: West on 9th from Main. House is on north side between Venice and Grant St.(East on 9th from Hover.)
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Legal Non-conforming
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3255
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family, Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Microwave, Some Appliances, Disposal
  • Accessibility Features: Level Lot, Main Floor Bath, Main Level Bedroom
  • Has Basement: Partial, 75%+Finished Basement, Crawl Space
  • Total Bedrooms: 5
  • Interior Amenities: Eat-in Kitchen
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Composition
  • Fencing: Partial, Wood
  • Lot Features: Lawn Sprinkler System, Level
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer, Stucco
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Mountain View
  • HighSchool: Longmont
  • Junior High Dist: ST Vrain Dist RE 1J
  • Middle Or Junior School: Longs Peak

Lot Info

  • Zoning: XLG
  • Lot Size Sq Ft: 14342
  • Parcel #: R0512390
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 2528

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 52800
  • Income Includes: ["Lease/Rents"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2022
Sold by
Louch Melissa
Bought by
1314 9Th Ave Llc
Current Estimated Value
$700,926

Purchase Details

Closed on
Jun 10, 2021
Sold by
1314 9Th Street Llc
Bought by
Louch John and Louch Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2017
Closed on
Aug 15, 2017
Sold by
Louch Melissa M and Louch John O
Bought by
1314 9Th Ave Llc
Seller's Agent
Chris Angelovic
LIV Sotheby's Intl Realty
Buyer's Agent
Terri Taydus
Colorado Lifestyles Realty
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.38%

Purchase Details

Listed on
May 3, 2017
Closed on
Jun 23, 2017
Sold by
Taylor Wyatt Properteis Llc
Bought by
Louch Melissa M
Seller's Agent
Chris Angelovic
LIV Sotheby's Intl Realty
Buyer's Agent
Terri Taydus
Colorado Lifestyles Realty
List Price
$625,000
Sold Price
$625,000

Purchase Details

Listed on
Sep 12, 2015
Closed on
Feb 16, 2016
Sold by
Douglass Barbara A and Benton Margaret L
Bought by
Taylor Wyatt Properties Llc
Seller's Agent
Pat Kahler
LoKation Real Estate-Longmont
Buyer's Agent
Todd Walsh
Market Real Estate
List Price
$552,500
Sold Price
$480,000
Premium/Discount to List
-$72,500
-13.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.60%
Original Mortgage
$384,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 10, 2000
Sold by
Bruntz Bennie D
Bought by
Douglass Barbara A and Benton Margaret L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,400
Interest Rate
7.86%

Purchase Details

Closed on
Feb 6, 1996
Sold by
Bruntz Dale and Bruntz Nadine
Bought by
Bruntz Bennie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.04%
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
1314 9Th Ave Llc -- --
Louch John -- Land Title Guarantee
1314 9Th Ave Llc -- None Available
Louch Melissa M $625,000 Stewart Title
Taylor Wyatt Properties Llc $480,000 Cets
Douglass Barbara A $385,500 --
Bruntz Bennie D -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Louch John $439,000
Previous Owner Taylor Wyatt Properties Llc $384,000
Previous Owner Douglass Barbara A $308,400
Previous Owner Bruntz Bennie D $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/28/2019 01/28/19 Off Market $625,000 -- --
01/28/2019 01/28/19 Off Market $480,000 -- --
06/23/2017 06/23/17 Sold $625,000 0.0% $192 / Sq Ft
05/24/2017 05/24/17 Pending -- -- --
05/03/2017 05/03/17 For Sale $625,000 +30.2% $192 / Sq Ft
02/16/2016 02/16/16 Sold $480,000 -13.1% $148 / Sq Ft View Prior Sale
01/17/2016 01/17/16 Pending -- -- --
09/12/2015 09/12/15 For Sale $552,500 -- $171 / 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 $4,434 $50,251 $7,719 $42,532
2024 $4,434 $50,251 $7,719 $42,532
2023 $4,374 $46,357 $8,663 $41,379
2022 $4,206 $42,499 $6,387 $36,112
2021 $4,260 $43,723 $6,571 $37,152
2020 $3,251 $33,470 $6,078 $27,392
2019 $3,200 $33,470 $6,078 $27,392
2018 $3,223 $33,933 $5,328 $28,605
2017 $3,179 $37,515 $5,890 $31,625
2016 $2,528 $26,443 $6,925 $19,518
2015 $2,409 $24,118 $7,164 $16,954
2014 $2,253 $24,118 $7,164 $16,954
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 818692

IRES MLS

APN: 1205334-31-012