NOT LISTED FOR SALE

Estimated Value: $980,000 - $997,750

2 Beds
3 Baths
2,221 Sq Ft
$444/Sq Ft Est. Value

Last Sold October 29, 2020

Last sale price $865,000 $389 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,665/month

5 Days on Market

Highlights

  • Deck
  • Private Yard
  • Balcony
  • Teller Elementary School Rated A-
  • No HOA
  • Front Porch

About This Home

As of October 2020

This is a turn-key property in the heart of Congress Park - a great opportunity for a passive investor or someone looking to occupy one unit and have the other renters cover your mortgage. All three units were renovated less than two years ago. The roof was replaced in 2018 and the furnace was just installed in 2019. Vinyl windows throughout the property, a two tiered front deck was installed and all exterior painting has been completed in the last two years. The unfinished basement (roughly 500sf) could be used to increase annual income by adding a washer/dryer, offering storage for tenants, or potentially building out an additional rental unit. This is a low maintenance property that will pass the test of even the most discerning buyer.

Last Agent to Sell the Property

Conner Piretti

NorthPeak Commercial Advisors, LLC License #100022346 Listed on: 09/23/2020

Co-Listed By

Greg Johnson

NorthPeak Commercial Advisors, LLC License #40034460

Last Buyer's Agent

Rebecca Morgenegg

Wisdom Real Estate License #100084306

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,103

Year Built

  • Built in 1894

Lot Details

  • 4,500 Sq Ft Lot
  • Level Lot
  • Private Yard
  • Garden

Parking

  • 4 Parking Spaces

Home Design

  • Triplex
  • Brick Exterior Construction
  • Architectural Shingle Roof

Interior Spaces

  • 2,221 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting
  • Front Porch

Schools

  • Teller Elementary School
  • Morey Middle School
  • East High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Tenant Personal Property
  • Assessor Parcel Number 5012-07-009

Community Details

Overview

  • No Home Owners Association
  • Congress Park Subdivision

Building Details

  • Operating Expense $9,285

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,103

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Structure Type: Triplex
  • Levels: Three Or More
  • Year Built: 1894
  • Above Grade Finished Sq Ft: 2221
  • Exclusions: Tenant Personal Property
  • Living Area: 2221
  • SubdivisionName: Congress Park
  • Co List Office Mls Id: RECAQYRE
  • Co List Office Phone: 720-738-1944
  • Ownership: Individual
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 0.00
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.98407
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Total Bedrooms: 2

Exterior Features

  • Roof: Architecural Shingle
  • Construction Materials: Brick
  • Exterior Features: Balcony, Garden, Lighting, Private Yard
  • Patio and Porch Features: Deck, Front Porch

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 4
  • REC_ParkingCount: 1

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Fee Information

  • Operating Expense: 9285

Schools

  • Middle Or Junior School: Morey

Lot Info

  • Parcel Number: 5012-07-009
  • Lot Size Acres: 0.1
  • Building Area Total: 2221
  • Lot Features: Level
  • Lot Size Sq Ft: 4500

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 3103

MLS Schools

  • Elementary School: Teller
  • High School: East

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2020
Closed on
Oct 29, 2020
Sold by
Coco Real Estate Llc
Bought by
Obrien Susan and Obrien John
Seller's Agent
Conner Piretti
NorthPeak Commercial Advisors, LLC
Buyer's Agent
Rebecca Morgenegg
Wisdom Real Estate
List Price
$879,000
Sold Price
$865,000
Premium/Discount to List
-$14,000
-1.59%
Total Days on Market
5
Current Estimated Value
$986,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,688
Avg. Annual Appreciation
2.90%
Original Mortgage
$865,000
Outstanding Balance
$778,457
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$208,231

Purchase Details

Closed on
Jan 4, 2017
Sold by
Disciples Of Jesus
Bought by
Disciples Of Jesus Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
4.09%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 1, 2001
Sold by
Spitzer Gary Michael
Bought by
Disciples Of Jesus
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
Obrien Susan $865,000 Land Title Guarantee
Disciples Of Jesus Trust -- None Available
Disciples Of Jesus -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obrien Susan $865,000
Previous Owner Coco Real Estate Llc $225,000
Previous Owner Coco Real Estate Llc $150,000
Previous Owner Coco Real Estate Llc $150,000
Previous Owner Coco Real Estate Llc $365,000
Previous Owner Disciples Of Jesus Trust $365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2020 10/29/20 Sold $865,000 -1.6% $389 / Sq Ft
09/28/2020 09/28/20 Pending -- -- --
09/23/2020 09/23/20 For Sale $879,000 -- $396 / 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 $5,151 $65,040 $21,090 $43,950
2023 $5,040 $65,040 $21,090 $43,950
2022 $4,225 $53,130 $23,660 $29,470
2021 $4,225 $55,870 $24,880 $30,990
2020 $3,193 $43,030 $20,990 $22,040
2019 $3,103 $43,030 $20,990 $22,040
2018 $1,848 $23,890 $14,880 $9,010
2017 $1,859 $24,100 $14,880 $9,220
2016 $1,730 $21,220 $12,123 $9,097
2015 $1,658 $21,220 $12,123 $9,097
2014 $1,444 $17,390 $9,854 $7,536
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 3823550

REcolorado®

APN: 5012-07-009