NOT LISTED FOR SALE

1503 12th St Greeley, CO 80631

Estimated Value: $347,000 - $367,000

4 Beds
2 Baths
1,968 Sq Ft
$181/Sq Ft Est. Value

Last Sold October 01, 2015

Last sale price $155,000 $79 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $2,081/month

42 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Eat-In Kitchen
  • Contemporary Architecture
  • No HOA
  • Bay Window

About This Home

As of October 2015

Positive income property! Cash on Cash Return on Investment exceeds 10%. Leased at $1300 per month plus pet rent expires May 2015 tenants pay all utilities This charming house has a sitting room/sun room in the back with an over sized backyard. There are two separate entrances and original hardwood floors that are under the carpet. This is a LEGAL duplex but currently rented as one unit. All information to the best of our knowledge AGENT and BUYER to verify all information.

Last Agent to Sell the Property

Paris Powell

Serendipity Property Listed on: 07/21/2015

Last Buyer's Agent

Paris Powell

Serendipity Property Listed on: 07/21/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $581

Year Built

  • Built in 1938

Lot Details

  • 7,250 Sq Ft Lot
  • Wood Fence

Home Design

  • Duplex
  • Contemporary Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,968 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Window Treatments
  • Bay Window
  • Dining Room
  • Wood Flooring
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Cameron Elementary School
  • Heath Middle School
  • Greeley Central High School

Additional Features

  • Outdoor Storage
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, common area maintenance, trash collection
  • Assessor Parcel Number R3042486

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Forest Park Subdivision

Building Details

  • Gross Income $18,228
  • Net Operating Income $16,747

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$581

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Year Built: 1938
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.17
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Forest Park
  • Architectural Style: Contemporary/Modern, Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1968
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family, Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Gas Range/Oven, Self Cleaning Oven, Dishwasher, Refrigerator, Washer, Dryer, All Appliances
  • Has Basement: 90%+ Finished Basement
  • Total Bedrooms: 4
  • Entry Location: Outside Entry
  • Flooring: Wood Floors
  • Interior Amenities: Eat-in Kitchen, Separate Dining Room, Open Floorplan, Outside Entry
  • Window Features: Window Coverings, Bay Window(s)
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Wood
  • Waterfront: No
  • Construction Type: Stucco
  • Other Structures: Storage
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Greeley
  • Gas Company: Natural Gas, Atmos

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Cameron
  • HighSchool: Greeley Central
  • Junior High Dist: Greeley 6
  • Middle Or Junior School: Heath

Lot Info

  • Zoning: Resident
  • Lot Size Sq Ft: 7250
  • Parcel #: R3042486
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Common Area Maintenance, Trash Collection

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 581

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 18228
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 1481

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2021
Sold by
Royce Zachary
Bought by
Asset Apartments Llc
Current Estimated Value
$356,409

Purchase Details

Listed on
Jul 21, 2015
Closed on
Sep 29, 2015
Sold by
1503 12Th St Llc
Bought by
Rogers Zach
Seller's Agent
Paris Powell
Serendipity Property
Buyer's Agent
Paris Powell
Serendipity Property
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.75%
Original Mortgage
$116,250
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 21, 2014
Closed on
May 29, 2014
Sold by
Lucero Robert Lee and Lucero Sherri Dee
Bought by
1503 12Th Street Llc
Seller's Agent
Ron Redfern
365 Real Property Management
Buyer's Agent
Paris Powell
Serendipity Property
List Price
$156,798
Sold Price
$148,341
Premium/Discount to List
-$8,457
-5.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.33%
Original Mortgage
$111,256
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 17, 2012
Sold by
Lucero Robert John
Bought by
Lucero Robert Lee and Lucero Sherri Dee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,115
Interest Rate
3.52%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 16, 2006
Sold by
Despain Mark A and Despain Crystal V
Bought by
Lucero Robert Lee and Lucero Robert John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,952
Interest Rate
6.56%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 31, 2003
Sold by
Glazier House Llc
Bought by
Despain Mark A and Despain Crystal V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,473
Interest Rate
5.35%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 31, 1994
Sold by
Barkley Robert W and Barkley Karen
Bought by
Sacco Constance M

Purchase Details

Closed on
Jun 13, 1986
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
Asset Apartments Llc -- None Available
Rogers Zach $155,000 None Available
1503 12Th Street Llc $148,341 North American Title
Lucero Robert Lee -- Fitco
Lucero Robert Lee $147,000 North American Title Co Co
Despain Mark A $145,500 Land Title Guarantee Company
Glazier House Llc -- Land Title Guarantee Company
Sacco Constance M $74,000 --
-- -- --
Barkley Robert W $68,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Raisa Funding I Llc $0
Previous Owner Rogers Zach $184,800
Previous Owner Rogers Zach $116,250
Previous Owner 1503 12Th Street Llc $111,256
Previous Owner Lucero Robert Lee $133,115
Previous Owner Lucero Robert Lee $144,952
Previous Owner Despain Mark A $143,473
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Off Market $148,341 -- --
01/28/2019 01/28/19 Off Market $155,000 -- --
10/01/2015 10/01/15 Sold $155,000 -3.1% $79 / Sq Ft
09/01/2015 09/01/15 Pending -- -- --
07/21/2015 07/21/15 For Sale $160,000 +7.9% $81 / Sq Ft
05/29/2014 05/29/14 Sold $148,341 -5.4% $75 / Sq Ft
04/29/2014 04/29/14 Pending -- -- --
03/21/2014 03/21/14 For Sale $156,798 -- $80 / 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 $1,718 $22,640 $3,170 $19,470
2024 $1,718 $22,640 $3,170 $19,470
2023 $1,638 $24,170 $3,430 $20,740
2022 $1,559 $17,880 $2,510 $15,370
2021 $1,644 $18,800 $2,640 $16,160
2020 $1,524 $17,480 $2,180 $15,300
2019 $1,528 $17,480 $2,180 $15,300
2018 $1,066 $12,870 $1,980 $10,890
2017 $1,072 $12,870 $1,980 $10,890
2016 $785 $10,610 $1,760 $8,850
2015 $782 $10,610 $1,760 $8,850
2014 $581 $7,690 $1,360 $6,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 770045

IRES MLS

APN: R3042486