$920,000
SOLD NOV 18, 2024

1537 N Washington St Denver, CO 80203

Uptown Neighborhood
8 Beds
4 Baths
2,732 Sq Ft
4,704 Sq Ft Lot

Recently Sold

$337 Per Sq Ft

8% Below List Price

112 Days on Market

Highlights

  • City View
  • No HOA
  • 1-Story Property
  • East High School Rated A
  • Front Porch
  • Forced Air Heating System

About This Home

As of November 2024

$50,000 Price Drop! Kyle Malnati presents the Thomas Logan Apartments: a vintage 4-unit multifamily asset property with many updates. This building combines modern efficiency with old-world charm. Energy efficient upgrades include double-pane windows, gas forced air furnace, and solar panels. This desirable building also features a laundry facility, garage, and off-street parking spaces.
OFFERED AT $950,000 | CAP RATE 5.53% (7.03% Proforma)

Last Agent to Sell the Property

Kyle Malnati

Kentwood Real Estate DTC, LLC Brokerage Email: malnati@kentwood.com License #40042617 Listed on: 06/04/2024

Kentwood Real Estate DTC, LLC

Last Buyer's Agent

Phil Dankner

Unique Properties LLC License #100052493

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,573

Year Built

  • Built in 1892

Lot Details

  • East Facing Home
  • Property is Fully Fenced
  • Level Lot

Parking

  • 2 Car Garage

Property Views

  • City
  • Mountain

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Front Porch

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Exclusions: Tenant's belongings
  • Tenant pays for cable TV, electricity, internet
  • The owner pays for gas, insurance, taxes, trash collection, water
  • Assessor Parcel Number 2349-24-015

Community Details

Overview

  • No Home Owners Association
  • Thomas Logan Community
  • Capitol Hill Subdivision

Additional Features

  • Laundry Facilities
  • Operating Expense $21,338

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,573

Year Built

Built in 1892

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: One
  • Building Name: Thomas Logan
  • Year Built: 1892
  • Above Grade Finished Sq Ft: 2732
  • Exclusions: Tenant's belongings
  • Living Area: 2732
  • Directions: Washington Street is a one-way going southbound. You need to access Washington from 16th Avenue and can park on the street.
  • SubdivisionName: Capitol Hill
  • Ownership: Individual
  • Property Attached Yn: No
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 668.00
  • REC_ExpectedActiveDate: 2024-06-04
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.92000
  • Attribution Contact: malnati@kentwood.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Full
  • Basement: Yes
  • Total Bedrooms: 8

Exterior Features

  • Direction Faces: East
  • Roof: Composition
  • Construction Materials: Brick
  • View: City, Mountain(s)
  • Patio and Porch Features: Front Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2
  • Total Parking Spaces: 6
  • REC_ParkingCount: 3

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: Common Area

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: 21338

Schools

  • Middle Or Junior School: Morey

Lot Info

  • Parcel Number: 2349-24-015
  • Fencing: Full
  • Building Area Total: 3400
  • Lot Features: Level
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Gas, Insurance, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Internet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5573

MLS Schools

  • Elementary School: Teller
  • High School: East

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
Nov 18, 2024
Sold by
Smith Douglas R
Bought by
Scrub Oak Holdings Llc
Seller's Agent
Kyle Malnati
Kentwood Real Estate DTC, LLC
Buyer's Agent
Phil Dankner
Unique Properties LLC
List Price
$1,000,000
Sold Price
$920,000
Premium/Discount to List
-$80,000
-8%
Total Days on Market
112
Views
46
Current Estimated Value
$1,037,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,988
Avg. Annual Appreciation
24.73%
Original Mortgage
$535,000
Outstanding Balance
$533,315
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$542,957

Purchase Details

Closed on
Nov 29, 2012
Sold by
Capitol Hill Properties Iii Llc
Bought by
Smith Douglas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2011
Sold by
1537 Washington Street Llc
Bought by
Capitol Hill Properties Iii Llc and Brittowski Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
4.28%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 30, 2003
Sold by
Feldman Alex and Goulart Donald T
Bought by
1537 Washington Street Llc

Purchase Details

Closed on
Jun 12, 2003
Sold by
Anderson Kelley Wade
Bought by
Feldman Alex D and Goulart Donald T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 1997
Sold by
Robson John W
Bought by
Anderson Kelley Wade

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.59%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $920,000 Land Title
Special Warranty Deed $920,000 Land Title
Special Warranty Deed $450,000 First American
Warranty Deed $215,000 None Available
Quit Claim Deed -- --
Warranty Deed $425,000 North American Title Co
Warranty Deed $150,000 North American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $535,000 New Conventional
Closed $535,000 New Conventional
Previous Owner $677,600 New Conventional
Previous Owner $337,500 New Conventional
Previous Owner $245,000 Unknown
Previous Owner $446,000 Unknown
Previous Owner $200,000 Unknown
Previous Owner $300,000 Purchase Money Mortgage
Previous Owner $125,000 Unknown
Previous Owner $180,000 Unknown
Previous Owner $158,000 Unknown
Previous Owner $105,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 Sold $920,000 -3.2% $337 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
08/26/2024 08/26/24 Price Changed $950,000 -2.1% $348 / Sq Ft
07/08/2024 07/08/24 Price Changed $970,000 -3.0% $355 / Sq Ft
06/04/2024 06/04/24 For Sale $1,000,000 -- $366 / 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 $6,615 $83,520 $27,740 $55,780
2023 $6,472 $83,520 $27,740 $55,780
2022 $5,573 $70,080 $25,510 $44,570
2021 $5,499 $73,690 $26,830 $46,860
2020 $5,151 $69,420 $26,830 $42,590
2019 $4,165 $57,760 $26,830 $30,930
2018 $3,831 $49,520 $18,580 $30,940
2017 $3,820 $49,520 $18,580 $30,940
2016 $3,241 $39,750 $16,804 $22,946
2015 $3,106 $40,930 $16,804 $24,126
2014 $2,985 $35,940 $14,933 $21,007
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: REcolorado®

MLS Number: 4412926

REcolorado®

APN: 2349-24-015