NOT LISTED FOR SALE

Estimated Value: $896,000 - $1,225,000

5 Beds
4 Baths
2,605 Sq Ft
$388/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $890,000 $342 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,745/month

84 Days on Market

Highlights

  • Deck
  • High Ceiling
  • No HOA
  • Morey Middle School Rated A-
  • Private Yard
  • Balcony

About This Home

As of August 2023

1330 Downing St. is a stunning 4-unit converted mansion in Denver’s highly coveted Capitol Hill neighborhood. The building exterior boasts a rare facade built from rhyolite stone locally sourced in Castle Rock, CO. The interior is equally impressive with spacious layouts, 10+ foot ceilings and large windows that flood the apartments with natural light.

The property presents plenty of value-add opportunity as the owner currently occupies the 2br/1ba unit and is receiving well below market rent for the other three units. Another unit is also on a month to month leases which will allow the new owner to immediately
increase rents or begin renovations.

An investor can cashflow a well-kept building in an A+ location or make cosmetic updates to the units and increase rents considerably. Common area laundry in the basement, a communal backyard and 3 off-street parking spaces round out this
investment opportunity.

Last Agent to Sell the Property

Conner Piretti

NorthPeak Commercial Advisors, LLC License #100022346 Listed on: 04/03/2023

Last Buyer's Agent

Conner Piretti

NorthPeak Commercial Advisors, LLC License #100022346 Listed on: 04/03/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,238

Year Built

  • Built in 1886

Lot Details

  • 3,810 Sq Ft Lot
  • West Facing Home
  • Property is Fully Fenced
  • Landscaped
  • Private Yard

Parking

  • 3 Parking Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Rolled or Hot Mop Roof
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • High Ceiling
  • Unfinished Basement
  • Laundry in Basement

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Laminate
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Deck

Schools

  • Dora Moore Elementary And Middle School
  • East High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Natural Gas Connected
  • Phone Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, internet, telephone
  • The owner pays for gas, trash collection, water
  • Assessor Parcel Number 05022-15-007-000

Community Details

Overview

  • No Home Owners Association
  • Capitol Hill Subdivision

Additional Features

  • Laundry Facilities
  • Operating Expense $15,822

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,238

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: Two
  • Year Built: 1886
  • Above Grade Finished Sq Ft: 2605
  • Exclusions: None
  • Living Area: 2605
  • SubdivisionName: Capitol Hill
  • Ownership: Individual
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 731.00
  • REC_RVSpaces: 0
  • Special Features: None

Interior Features

  • Appliances: Oven, Range, Refrigerator
  • Interior Amenities: High Ceilings
  • Flooring: Carpet, Laminate, Vinyl
  • Basement: Unfinished
  • Basement: Yes

Exterior Features

  • Direction Faces: West
  • Roof: Rolled/Hot Mop
  • Construction Materials: Brick, Stone
  • Exterior Features: Balcony, Private Yard
  • Patio and Porch Features: Deck

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard
  • Water Source: Public
  • Laundry Features: Common Area, In Basement
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)

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
  • REC_MultipleAssociationsYN: 0

Fee Information

  • Operating Expense: 15822

Schools

  • Middle Or Junior School: Dora Moore

Lot Info

  • Parcel Number: 05022-15-007-000
  • Lot Size Acres: 0.09
  • Fencing: Full
  • Building Area Total: 3336
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 3810
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Gas, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Internet, Telephone

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4237.88

MLS Schools

  • Elementary School: Dora Moore
  • High School: East

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2023
Closed on
Aug 25, 2023
Sold by
Allan J Dorn Revocable Living Trust
Bought by
Obert Paul K and Obert Kimberly H
Seller's Agent
Conner Piretti
NorthPeak Commercial Advisors, LLC
Buyer's Agent
Conner Piretti
NorthPeak Commercial Advisors, LLC
List Price
$995,000
Sold Price
$890,000
Premium/Discount to List
-$105,000
-10.55%
Views
46
Current Estimated Value
$1,009,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,699
Avg. Annual Appreciation
2.47%
Original Mortgage
$552,000
Outstanding Balance
$512,958
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$423,858

Purchase Details

Closed on
Apr 25, 2023
Sold by
Moyers Charles B
Bought by
Allan Dorn Revocable Living Trust

Purchase Details

Closed on
Jun 17, 2016
Sold by
Dorn Allan J
Bought by
Allan J Dorn Revocable Living Trust

Purchase Details

Closed on
Mar 27, 1998
Sold by
Hansen James V
Bought by
Dorn Allan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.04%

Purchase Details

Closed on
Oct 14, 1993
Sold by
Fairchild Susan A
Bought by
Hansen James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,489
Interest Rate
6.87%
Mortgage Type
FHA
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
Obert Paul K $890,000 None Listed On Document
Allan J Dorn Revocable Living Trust -- Land Title
Allan Dorn Revocable Living Trust $800,000 First American Title
Allan J Dorn Revocable Living Trust -- None Available
Dorn Allan J $230,000 Heritage Title
Hansen James $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obert Paul K $552,000
Previous Owner Dorn Allan J $184,000
Previous Owner Hansen James $109,489
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $890,000 -10.6% $342 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $995,000 0.0% $382 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
05/10/2023 05/10/23 Price Changed $995,000 -9.5% $382 / Sq Ft
04/03/2023 04/03/23 For Sale $1,100,000 -- $422 / 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 $4,704 $59,390 $11,580 $47,810
2023 $4,602 $59,390 $11,580 $47,810
2022 $4,238 $53,290 $15,490 $37,800
2021 $4,182 $56,040 $16,290 $39,750
2020 $4,247 $57,240 $13,570 $43,670
2019 $4,128 $57,240 $13,570 $43,670
2018 $3,256 $42,090 $12,310 $29,780
2017 $3,247 $42,090 $12,310 $29,780
2016 $2,962 $36,320 $12,091 $24,229
2015 $2,838 $36,320 $12,091 $24,229
2014 $2,517 $30,310 $10,619 $19,691
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 6581479

REcolorado®

APN: 5022-15-007