NOT LISTED FOR SALE

Estimated Value: $391,699 - $497,000

4 Beds
2 Baths
1,392 Sq Ft
$321/Sq Ft Est. Value

Last Sold January 06, 2022

Last sale price $475,000 $341 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,711/month

43 Days on Market

Highlights

  • Traditional Architecture
  • Granite Countertops
  • Front Porch
  • Wood Flooring
  • No HOA
  • 1-Story Property

About This Home

As of January 2022

LOCATION LOCATION LOCATION! 1431-1433 Lima St is a phenomenal investment opportunity to own a fully functioning duplex in a central location [6.4% Cap Rate]. One side currently occupied with great tenants and One side is vacant and move in ready. Updated in 2015 with new appliances, no scape landscaping, windows, and 2 new furnaces (2020). Both units have beautiful hardwood floors throughout. A great opportunity for owner-occupant to live in one unit and rent out the other. Includes 3 off street parking spots and a two car garage that rents separately for $200 a month. There is plenty of on street parking as well. Central Location only 5 minutes from Anschutz or the VA Hospital. Surrounded by public transit, shops, and restaurants. Easy access to DIA or downtown Denver via I225 and I70. 5 min drive to Colfax light rail station.

Last Agent to Sell the Property

Aidan McGuire

Mcguire Realty License #217991 Listed on: 10/25/2021

Last Buyer's Agent

Robert Traw

West Peak Properties License #100084312

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,397

Year Built

  • Built in 1951 | Remodeled

Lot Details

  • 5,837 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,392 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Basement
  • Crawl Space
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters
  • Front Porch

Schools

  • Kenton Elementary School
  • Aurora West Middle School
  • Aurora Central High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • 220 Volts
  • 110 Volts
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Personal property of tenants
  • Tenant pays for cable TV, electricity, gas, internet, water
  • The owner pays for exterior maintenance, grounds care, taxes, trash collection
  • Assessor Parcel Number 031073812

Community Details

Overview

  • No Home Owners Association
  • Aurora Heights Subdivision

Building Details

  • Operating Expense $3,597

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,397

Year Built

Built in 1951 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Structure Type: Duplex
  • Levels: One
  • Year Built: 1951
  • Above Grade Finished Sq Ft: 1392
  • Exclusions: Personal property of tenants
  • Living Area: 1392
  • Property Condition: Updated/Remodeled
  • SubdivisionName: aurora heights
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 0.00
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 1.03261
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Granite Counters, No Stairs
  • Flooring: Tile, Wood
  • Common Walls: 1 Common Wall
  • Basement: Crawl Space
  • Basement: Yes
  • Total Bedrooms: 4

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Construction Materials: Brick
  • Exterior Features: Rain Gutters
  • Patio and Porch Features: Front Porch

Garage/Parking

  • Parking Features: Asphalt
  • Attached Garage: No
  • Garage Spaces: 2
  • Total Parking Spaces: 5
  • REC_ParkingCount: 2
  • Unit Numberof Parking Per Unit: 2

Utilities

  • Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public
  • Electric: 110V, 220 Volts

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

Fee Information

  • Operating Expense: 3597

Schools

  • Middle Or Junior School: Aurora West

Lot Info

  • Parcel Number: 031073812
  • Lot Size Acres: 0.13
  • Fencing: None
  • Building Area Total: 1392
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 5837
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Exterior Maintenance, Grounds Care, Taxes, Trash Collection
  • Tenant Pays: Cable TV, Electricity, Gas, Internet, Water

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2397

MLS Schools

  • Elementary School: Kenton
  • High School: Aurora Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2021
Closed on
Jan 6, 2022
Sold by
Aidan Mcguire
Bought by
Lakhani Mehul
Seller's Agent
Aidan McGuire
Mcguire Realty
Buyer's Agent
Robert Traw
West Peak Properties
List Price
$460,000
Sold Price
$475,000
Premium/Discount to List
$15,000
3.26%
Total Days on Market
43
Current Estimated Value
$446,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,075
Avg. Annual Appreciation
-1.76%
Original Mortgage
$380,000
Outstanding Balance
$354,863
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$92,062

Purchase Details

Closed on
Sep 4, 2015
Sold by
Manzanares Josuef F
Bought by
Mcguire Aidan

Purchase Details

Closed on
Oct 8, 2013
Sold by
Forney Electric Company
Bought by
Manzanares Josuef F

Purchase Details

Closed on
Feb 15, 1994
Sold by
Forney F Ann
Bought by
Forney Electric Company

Purchase Details

Closed on
Jul 4, 1776
Bought by
Conversion Arapco
Source: Public Records

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Range of Values:

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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
Lakhani Mehul $475,000 First American Title
Mcguire Aidan $135,000 First American Title Ins Co
Manzanares Josuef F $120,000 None Available
Forney Electric Company -- --
Conversion Arapco -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lakhani Mehul $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2022 01/06/22 Sold $475,000 +3.3% $341 / Sq Ft
12/07/2021 12/07/21 Pending -- -- --
12/03/2021 12/03/21 For Sale $460,000 0.0% $330 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $460,000 -- $330 / 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 $2,584 $27,806 -- --
2023 $2,584 $27,806 $0 $0
2022 $3,073 $30,600 $0 $0
2021 $3,242 $30,600 $0 $0
2020 $2,397 $23,023 $0 $0
2019 $2,384 $23,023 $0 $0
2018 $1,991 $18,828 $0 $0
2017 $1,732 $18,828 $0 $0
2016 $1,687 $10,889 $0 $0
2015 $987 $10,889 $0 $0
2014 -- $11,685 $0 $0
2013 -- $12,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 8186456

REcolorado®

APN: 1973-02-2-01-008