NOT LISTED FOR SALE

1600 Banyan Dr Unit 1 & 2 Fort Collins, CO 80526

Stadium Heights Neighborhood

Estimated Value: $458,000 - $614,000

4 Beds
2 Baths
1,922 Sq Ft
$283/Sq Ft Est. Value

Last Sold July 08, 2014

Last sale price $267,000 $139 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $3,194/month

13 Days on Market

Highlights

  • 0.21 Acre Lot
  • No HOA
  • Open Space
  • Rocky Mountain High School Rated A-
  • Eat-In Kitchen
  • Forced Air Heating System

About This Home

As of July 2014

Hard to come by legal duplex, close to Hughes Stadium & bus lines. Great opportunity to purchase a multi-unit property with good cash flow and leases in place. Both units have been updated with newer laminate countertops and vanities in the bathrooms. Each unit has an attached garage and private fenced backyard. Currently rented through July of 2015. This property will go fast, so bring your buyers.

Last Agent to Sell the Property

Gregory Rittner

Windermere Fort Collins Listed on: 05/26/2014

Windermere Fort Collins

Last Buyer's Agent

Melissa Maersk-Moller

Luxury Homes LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,970

Year Built

  • Built in 1972

Lot Details

  • 9,080 Sq Ft Lot
  • Open Space
  • Chain Link Fence

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,922 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Bauder Elementary School
  • Blevins Middle School
  • Rocky Mountain High School

Utilities

  • Forced Air Heating System
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, trash collection
  • Assessor Parcel Number R0172693

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Westgate Subdivision

Building Details

  • Gross Income $22,500
  • Net Operating Income $22,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,970

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Year Built: 1972
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.21
  • Subdivision Name: WESTGATE
  • Directions: From Prospect and Overland Trail. West on Prospect to Banyan. South on Banyan to property. Property is on the East.
  • Unit Levels: Bi-Level
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Legal Conforming, Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1922
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Has Basement: Full
  • Total Bedrooms: 4
  • Interior Amenities: Satellite Avail, High Speed Internet, Eat-in Kitchen
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Chain Link
  • Lot Features: Abuts Public Open Space
  • View: Foothills View
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Heating: Forced Air
  • Utilities: Cable Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Fort Collins

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Bauder
  • HighSchool: Rocky Mountain
  • Junior High Dist: Poudre
  • Middle Or Junior School: Blevins

Lot Info

  • Zoning: MMN
  • Lot Size Sq Ft: 9080
  • Parcel #: R0172693
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Trash Collection

Tax Info

  • Tax Year: 2013

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 22500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2015
Sold by
The Delong Family Trust Of 2012
Bought by
Delong Family Trust Of 2012 and Delong Mary A
Current Estimated Value
$544,793

Purchase Details

Listed on
May 26, 2014
Closed on
Jul 8, 2014
Sold by
Shaffer Patricia L and Shaffer Richard A
Bought by
The Delong Family Trust
Seller's Agent
Gregory Rittner
Windermere Fort Collins
Buyer's Agent
Melissa Maersk-Moller
Luxury Homes LLC
List Price
$255,000
Sold Price
$267,000
Premium/Discount to List
$12,000
4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.37%

Purchase Details

Closed on
Apr 29, 2003
Sold by
Heileman Alan D
Bought by
Shaffer Patricia L and Shaffer Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,372
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 1998
Sold by
Liab Co Mawhinney Thomas Enterprises, A Ltd
Bought by
Heileman Alan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,750
Interest Rate
7.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 1, 1994
Sold by
Seven Twelve Properties
Bought by
Mawhinney-Thomas Enterprises
Source: Public Records

Range of Values:

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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
Delong Family Trust Of 2012 -- None Available
The Delong Family Trust $267,000 Fidelity National Title Ins
Shaffer Patricia L $191,900 --
Heileman Alan D $155,000 --
Mawhinney-Thomas Enterprises $224,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delong Paul R $217,200
Closed Delong Paul R $213,500
Closed Delong Paul R $229,750
Previous Owner Shaffer Patricia L $153,372
Previous Owner Heileman Alan D $131,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Off Market $267,000 -- --
07/08/2014 07/08/14 Sold $267,000 +4.7% $139 / Sq Ft
06/08/2014 06/08/14 Pending -- -- --
05/26/2014 05/26/14 For Sale $255,000 -- $133 / 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 $2,970 $34,639 $3,015 $31,624
2024 $2,826 $34,639 $3,015 $31,624
2022 $2,548 $26,989 $3,060 $23,929
2021 $2,632 $28,379 $3,218 $25,161
2020 $2,764 $29,537 $3,218 $26,319
2019 $2,776 $29,537 $3,218 $26,319
2018 $2,270 $24,905 $3,240 $21,665
2017 $2,262 $24,905 $3,240 $21,665
2016 $1,419 $15,546 $3,582 $11,964
2015 $1,409 $15,540 $3,580 $11,960
2014 $1,347 $14,770 $3,580 $11,190
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Gregory Rittner

    Windermere Fort Collins

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Map

Source: IRES MLS

MLS Number: 736805

IRES MLS

APN: 97201-08-014

Colorado Larimer County Fort Collins 80526 Stadium Heights

1600 Banyan Dr Unit 1 & 2, Fort Collins, CO

This home is located at 1600 Banyan Dr Unit 1 & 2, Fort Collins, CO 80526 since 26 May 2014 and is currently estimated at $544,793, approximately $283 per square foot. This property was built in 1972. 1600 Banyan Dr Unit 1 & 2 is a home located in Larimer County with nearby schools including Bauder Elementary School, Blevins Middle School, and Rocky Mountain 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.

IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.

Listing information is provided exclusively for consumers' 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 deemed reliable but not guaranteed by the MLS.

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