NOT LISTED FOR SALE

1501 Belleview Ave La Junta, CO 81050

Estimated Value: $303,000 - $390,000

12 Beds
6 Baths
5,560 Sq Ft
$61/Sq Ft Est. Value

Last Sold November 17, 2015

Last sale price $202,500 $36 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $1,923/month

Highlights

  • Newly Painted Property
  • Wood Flooring
  • No HOA
  • Ranch Style House
  • Lawn
  • Double Pane Windows

About This Home

As of November 2015

Excellent investment opportunity with proven returns!! You can make these apartments cash-flow in your favor. This is a well-maintained, clean 6+ unit apartments with two basement currently used for storage, but can be remodeled to apartments for additional cash flow. The main units have been renovated as needed, which includes paint, refinishing wood floors, newer tile floors and counter-tops in some units. The Roof was replaced in 2014. Put your money to work for you today, in this very nice apartment complex located between Otero Junior College and the hospital just down from Tippy Martinez Park.

Last Agent to Sell the Property

Tom Brann

Norm Murphy & Associates Brokerage Email: 7193845551, finance@rma-hub.com License #EA001148115 Listed on: 07/16/2015

Last Buyer's Agent

LaDonna Hutton

Norm Murphy & Associates License #FA487325

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $901

Year Built

  • Built in 1960

Lot Details

  • 0.33 Acre Lot
  • Wood Fence
  • Block Wall Fence
  • Landscaped with Trees
  • Lawn
  • Property is in excellent condition

Home Design

  • Ranch Style House
  • Side-by-Side
  • Newly Painted Property
  • Brick Veneer
  • Frame Construction
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 5,560 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Aluminum Window Frames
  • Fire and Smoke Detector
  • Washer

Kitchen

  • Electric Range
  • No Kitchen Appliances
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Crawl Space

Parking

  • On-Street Parking
  • On-Site Parking
  • Open Parking

Outdoor Features

  • Courtyard
  • Shed
  • Stoop

Location

  • Ground Level
  • Lower Level

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 2 Buildings
  • 6 Units
  • La Junta Subdivision

Listing and Financial Details

  • Total Actual Rent $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$901

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Attribution Contact: 7193845551, finance@rma-hub.com
  • Directions: From Hwy 50 turn South on Belleview Ave. Continue for 15 Blocks to the property.
  • Prop. Type: Residential Income
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.33
  • Road Surface Type: Paved
  • Subdivision Name: La Junta
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Side by Side, Two Buildings
  • Year Built: 1960
  • NAV29_Unit_1_Level: M
  • NAV29_Unit_2_Level: M
  • NAV29_Unit_3_Level: M
  • NAV29_Unit_4_Level: M
  • NAV29_Unit_5_Level: M
  • NAV29_Unit_6_Level: M
  • NAV29_Unit_7_Level: B
  • NAV29_Unit_8_Level: B
  • NAV29_Water_Heater: Gas
  • NAV29_Energy_Rating: None
  • NAV29_Sep_Gas_Meters: Yes
  • NAV29_Sep_Wtr_Meters: No
  • NAV29_Sep_Elec_Meters: Yes
  • NAV29_Unit_1_Condition: Excl
  • NAV29_Unit_2_Condition: Excl
  • NAV29_Unit_3_Condition: Excl
  • NAV29_Unit_4_Condition: Excl
  • NAV29_Unit_5_Condition: Excl
  • NAV29_Unit_6_Condition: Excl
  • NAV29_Unit_7_Condition: Poor
  • NAV29_Unit_8_Condition: Poor
  • NAV29_Unit_1_Appliances: Yes
  • NAV29_Unit_2_Appliances: Yes
  • NAV29_Unit_3_Appliances: Yes
  • NAV29_Unit_4_Appliances: Yes
  • NAV29_Unit_5_Appliances: Yes
  • NAV29_Unit_6_Appliances: Yes
  • NAV29_Unit_7_Appliances: No
  • NAV29_Unit_8_Appliances: No
  • NAV29_rets_property_type: Residential Income
  • Special Features: None

Interior Features

  • Appliances: Garbage Disposal-Some, Refrigerator-All, Electric Range-All, Washer-Some, Dryer-Some
  • Interior Amenities: New Paint, Ceiling Fan(s)
  • Has Basement: Partial, Crawl Space, Unfinished, Outside Entrance Only
  • Number Of Buildings: 2
  • Private Spa: No
  • Total Bedrooms: 12
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Tile
  • Window Features: Double Pane Windows, Metal

Exterior Features

  • Exterior Features: Courtyard
  • Roof: Composition
  • Fencing: Wood Fence-Rear, Block Fence-Rear, Block Fence-Front
  • Lot Features: Lawn-Front, Trees-Front
  • Construction Type: Frame, Brick Veneer, Copper Plumbing, Plastic Plumbing
  • Other Structures: Shed(s)
  • Patio And Porch Features: Stoop-Front, Stoop-Rear

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: On Site, On Street
  • NAV29_Unit_1_Garage: 1
  • NAV29_Unit_2_Garage: 1
  • NAV29_Unit_3_Garage: 1
  • NAV29_Unit_4_Garage: 1
  • NAV29_Unit_5_Garage: 1
  • NAV29_Unit_6_Garage: 1
  • NAV29_Unit_7_Garage: 1
  • NAV29_Unit_8_Garage: 1

Utilities

  • Cooling: Wall Unit, None
  • Heating: Natural Gas, Forced Air
  • Electric: LaJunta
  • Sewer: Public Sewer
  • Laundry Features: W/D Hookups in All Units
  • Security: Smoke Detector(s)
  • Cooling Y N: No
  • Heating Yn: Yes
  • Water Source: Public
  • Gas Company: SourceGas

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

  • Junior High Dist: LJ

Lot Info

  • Zoning: R1A
  • Lot Size Sq Ft: 14374.8
  • Additional Parcels: No
  • Irrigation Water Rights: No

Rental Info

  • Lease Term: 12 Months

Multi Family

  • Number Of Units Total: 6
  • Total Actual Rent: 3000
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 901.35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2015
Closed on
Nov 17, 2015
Sold by
White Ronald R and White Cindi F
Bought by
Field Inspiration
Seller's Agent
Tom Brann
Norm Murphy & Associates
Buyer's Agent
LaDonna Hutton
Norm Murphy & Associates
List Price
$223,000
Sold Price
$202,500
Premium/Discount to List
-$20,500
-9.19%
Current Estimated Value
$341,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,747
Avg. Annual Appreciation
5.41%
Original Mortgage
$162,000
Outstanding Balance
$3,234
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$338,013
Source: Public Records

Range of Values:

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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
Field Inspiration $202,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Field Inspiration $162,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2015 11/17/15 Sold $202,500 -9.2% $36 / Sq Ft
07/16/2015 07/16/15 Pending -- -- --
07/16/2015 07/16/15 For Sale $223,000 -- $40 / Sq Ft
Source: Pueblo Association of REALTORS®

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 $1,280 $19,422 $696 $18,726
2023 $1,280 $19,422 $696 $18,726
2022 $1,166 $17,292 $706 $16,586
2021 $1,181 $18,183 $743 $17,440
2020 $1,052 $16,396 $743 $15,653
2019 $1,065 $16,396 $743 $15,653
2018 $1,044 $16,121 $748 $15,373
2017 $1,039 $16,121 $748 $15,373
2016 $1,120 $16,198 $827 $15,371
2015 $923 $14,128 $827 $13,301
2014 $923 $13,835 $827 $13,008
Source: Public Records

Agents Affiliated with this Home

  • Tom Brann

    Seller's Agent in 2015

    Tom Brann

    Norm Murphy & Associates

    (719) 384-5551

    62 in this area

    116 Total Sales

    Tom Brann
    Section Image

  • L

    Buyer's Agent in 2015

    LaDonna Hutton

    Norm Murphy & Associates

See All Agents

Map

Source: Pueblo Association of REALTORS®

MLS Number: 156950

Pueblo Association of REALTORS®

APN: 4643-104-01006

Colorado Otero County La Junta 81050

1501 Belleview Ave, La Junta, CO

This home is located at 1501 Belleview Ave, La Junta, CO 81050 since 16 July 2015 and is currently estimated at $341,247, approximately $61 per square foot. This property was built in 1960. 1501 Belleview Ave is a home located in Otero County with nearby schools including La Junta Intermediate School, La Junta Primary School, and La Junta Junior/Senior 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.

Pueblo Association of REALTORS® IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.

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