NOT LISTED FOR SALE

1406 E 16th St Loveland, CO 80538

Estimated Value: $282,000 - $625,000

4 Beds
2 Baths
1,775 Sq Ft
$275/Sq Ft Est. Value

Sale Details

Date Sold: March 29, 2024

Last sale price $225,000 $127 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $2,770 / mo

30 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of March 2024

Great Investment Opportunity! This is a GREAT deal for the right buyer! Building has been condemned due to meth contamination in one of the units and will possibly remediation by the buyer. This duplex has potential to be a Money Maker but DOES NEED WORK. Both units are available. This property is now cleaned up on the outside and boarded up due to the unit that has meth contamination and to prevent squatters/homeless access. Access to interior not allowed so showings would be done strictly from the outside of the property. No need to schedule. Property has been priced accordingly. No financing available - cash buyer only. Buyer assumes all risk and responsibility to properly mitigate. Sold AS-IS, PRELIMINARY ASSESSMENT HAS NOT BEEN DONE. Buyer will need to order PA and have home remediated, if required.

Last Agent to Sell the Property

Jody Gilloth

Keller Williams-Preferred Rlty License #100075761 Listed on: 02/20/2024

Keller Williams-Preferred Rlty

Last Buyer's Agent

Philip Hofeling

eXp Realty - Hub License #100013570

eXp Realty - Hub

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,149

Year Built

  • Built in 1971

Lot Details

  • 6,000

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,775 Sq Ft Home
  • 1-Story Property

Schools

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

Additional Features

  • 6,000 Sq Ft Lot
  • Forced Air Heating System

Community Details

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

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R0335401

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,149

Year Built

Built in 1971

Lot Details

6,000 Sq Ft Lot

Listing Details

  • Year Built: 1971
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.14
  • Subdivision Name: Mckee Meadows Add
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1775
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Has Basement: None
  • ResoLivingAreaSource: Other

Exterior Features

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

Utilities

  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Zoning: RES
  • Lot Size Sq Ft: 6000
  • Parcel #: R0335401
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2149

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2025
Sold by
3311 Laporte Llc
Bought by
Cartville Llc
Current Estimated Value
$487,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$417,475
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$70,459

Purchase Details

Listed on
Feb 20, 2024
Closed on
Mar 29, 2024
Sold by
Bushanam Satya V
Bought by
3311 Laporte Llc
Seller's Agent
Jody Gilloth
Keller Williams-Preferred Rlty
Buyer's Agent
Philip Hofeling
eXp Realty - Hub
List Price
$374,900
Sold Price
$225,000
Premium/Discount to List
-$149,900
-39.98%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.88%

Purchase Details

Closed on
Jun 16, 2005
Sold by
Bushanam Satya V
Bought by
Bushanam Satya

Purchase Details

Closed on
Feb 1, 1981
Bought by
Bushanam G Siva
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cartville Llc $600,000 None Listed On Document
3311 Laporte Llc $225,000 None Listed On Document
Bushanam Satya -- --
Bushanam G Siva $74,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cartville Llc $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2024 03/29/24 Sold $225,000 -40.0% $127 / Sq Ft
02/27/2024 02/27/24 For Sale $374,900 -- $211 / Sq Ft
Source: IRES MLS

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 $2,410 $18,369 $7,813 $10,556
2024 $2,325 $33,889 $8,375 $25,514
2022 $2,149 $27,003 $6,392 $20,611
2021 $2,257 $28,393 $6,721 $21,672
2020 $2,153 $27,084 $6,721 $20,363
2019 $2,117 $27,084 $6,721 $20,363
2018 $1,720 $20,894 $4,320 $16,574
2017 $2,271 $20,894 $4,320 $16,574
2016 $1,301 $17,743 $2,945 $14,798
2015 $1,291 $17,750 $2,950 $14,800
2014 $1,091 $14,510 $2,950 $11,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE1003540

IRES MLS

APN: 85073-05-009

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