NOT LISTED FOR SALE

1405 E 16th St Loveland, CO 80538

Estimated Value: $477,800 - $576,000

4 Beds
2 Baths
1,637 Sq Ft
$326/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $390,000 $238 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,115/month

46 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Brick Veneer
  • Fenced

About This Home

As of February 2020

Looking to earn some passive income? Come check out this turn key special. This duplex is in a prime location with excellent income potential. Each unit has 2 bedrooms, 1 bath, 1 car garage & central air. Bathrooms in each unit were just updated. Newer roof, gutters and windows. Both units are currently leased. Don't pass up this money maker.

Last Agent to Sell the Property

T.R. Smith

Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins Listed on: 12/02/2019

Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins

Co-Listed By

Barb Etherton

Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins

Last Buyer's Agent

Jennifer Reinhardt

Atlas Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,513

Year Built

  • Built in 1970

Lot Details

  • 6,000 Sq Ft Lot
  • Fenced

Home Design

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

Interior Spaces

  • 1,637 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Centennial Elementary School
  • Ball Middle School
  • Mountain View High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R0335711

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Mckee Meadows Subdivision

Building Details

  • Gross Income $28,809
  • Net Operating Income $25,296

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,513

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Year Built: 1970
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.14
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Co List Office Mls Id: PRMFC
  • Subdivision Name: Mckee Meadows
  • Directions: From N Lincoln turn onto 16th Street. Property will be on the left.
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Structure Type: Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1637
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Appliances: 2 or more H20 Heaters, Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: Crawl Space
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • Lot Features: Curbs, Sidewalks, Fire Hydrant within 500 Feet
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Central Air
  • Electric: Electric
  • Heating: Forced Air, 2 or more Heat Sources
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Loveland
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Centennial (R2-J),Monroe
  • HighSchool: Mountain View
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Ball (Conrad)

Lot Info

  • Zoning: R3E
  • Lot Size Sq Ft: 6000
  • Parcel #: R0335711
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1513

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 28809
  • Annual Operating Expense: 3513

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2019
Closed on
Feb 21, 2020
Sold by
Ulsamer Charles
Bought by
Johnston Andrew and Sampson Shelby
Seller's Agent
T.R. Smith
Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins
Buyer's Agent
Jennifer Reinhardt
Atlas Real Estate Group
List Price
$400,000
Sold Price
$390,000
Premium/Discount to List
-$10,000
-2.5%
Current Estimated Value
$533,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,200
Avg. Annual Appreciation
5.63%
Original Mortgage
$292,500
Outstanding Balance
$262,271
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$264,640

Purchase Details

Closed on
Jan 22, 2019
Sold by
Lagoo Elena
Bought by
Ulsamer Charles

Purchase Details

Listed on
Feb 12, 2018
Closed on
Mar 30, 2018
Sold by
Edwin L Kuntz Trust
Bought by
Uisamer Charles and Lagoo Elena
Seller's Agent
Terry Wiedeman
Kreps Wiedeman
Buyer's Agent
T.R. Smith
Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins
List Price
$375,000
Sold Price
$371,000
Premium/Discount to List
-$4,000
-1.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.87%
Original Mortgage
$278,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 1988
Bought by
Kuntz Edwin L
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
Johnston Andrew $390,000 Land Title Guarantee Co
Ulsamer Charles -- None Available
Uisamer Charles $371,000 Stewart Title
Kuntz Edwin L $49,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnston Andrew $292,500
Previous Owner Uisamer Charles $278,250
Previous Owner Kuntz Edwin L $147,132
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2020 05/24/20 Off Market $390,000 -- --
02/21/2020 02/21/20 Sold $390,000 -2.5% $238 / Sq Ft
12/02/2019 12/02/19 For Sale $400,000 +7.8% $244 / Sq Ft
01/28/2019 01/28/19 Off Market $371,000 -- --
04/02/2018 04/02/18 Sold $371,000 -1.1% $227 / Sq Ft
02/14/2018 02/14/18 Pending -- -- --
02/12/2018 02/12/18 For Sale $375,000 -- $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 $2,335 $32,937 $8,375 $24,562
2024 $2,252 $32,937 $8,375 $24,562
2022 $2,059 $25,881 $6,392 $19,489
2021 $2,163 $27,213 $6,721 $20,492
2020 $2,024 $25,461 $6,721 $18,740
2019 $1,990 $25,461 $6,721 $18,740
2018 $1,513 $18,382 $4,320 $14,062
2017 $1,305 $18,418 $4,320 $14,098
2016 $1,127 $15,363 $2,945 $12,418
2015 $1,118 $15,370 $2,950 $12,420
2014 $1,086 $14,440 $2,950 $11,490
Source: Public Records

Agents Affiliated with this Home

  • T.R. Smith

    Seller's Agent in 2020

    T.R. Smith

    Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins

    (970) 999-4663

    79 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2020

    Barb Etherton

    Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins

  • J

    Buyer's Agent in 2020

    Jennifer Reinhardt

    Atlas Real Estate Group

    Section Image
  • Terry Wiedeman

    Seller's Agent in 2018

    Terry Wiedeman

    Kreps Wiedeman

    (970) 396-9464

    50 Total Sales

    Section Image
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Map

Source: IRES MLS

MLS Number: 899702

IRES MLS

APN: 85073-08-005

Colorado Larimer County Loveland 80538

1405 E 16th St, Loveland, CO

This home is located at 1405 E 16th St, Loveland, CO 80538 since 02 December 2019 and is currently estimated at $533,200, approximately $325 per square foot. This property was built in 1970. 1405 E 16th St is a home located in Larimer County with nearby schools including Monroe Elementary School, Conrad Ball Middle School, and Mountain View High School.

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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