NOT LISTED FOR SALE

1606 Banyan Dr Unit 1-2 Fort Collins, CO 80526

Stadium Heights Neighborhood

Estimated Value: $456,000 - $544,523

4 Beds
2 Baths
1,976 Sq Ft
$250/Sq Ft Est. Value

Last Sold June 09, 2022

Last sale price $623,500 $316 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $2,932/month

3 Days on Market

Highlights

  • 0.2 Acre Lot
  • No HOA
  • Fenced
  • Rocky Mountain High School Rated A-
  • Forced Air Heating System

About This Home

As of June 2022

Hard to come by, beautifully updated Duplex located less than 3 miles from CSU. Easy bike ride or bus ride to campus. Great access to hiking/biking trails and Horsetooth Reservoir. Wonderful views of the front range and a large open space directly behind the property. Each unit has 2 bedrooms and one full bathroom. They each have access to their own one car garage, in-unit laundry hookups and fenced-in backyard. Both units have new paint and carpet along with some kitchen and bath upgrades. Units have separate gas and electric meters that tenants can put in their names. Easy to show.

Last Agent to Sell the Property

Josh Stone

RentPro Property Management Listed on: 05/16/2022

Last Buyer's Agent

Danielle Spitz Barela

RE/MAX Alliance-FTC South

RE/MAX Alliance-FTC South

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,545

Year Built

  • Built in 1972

Lot Details

  • 8,740 Sq Ft Lot
  • Fenced

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,976 Sq Ft Home
  • 2-Story Property
  • Natural lighting in basement

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

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

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number R0172685

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Westgate Subdivision

Building Details

  • Gross Income $40,000
  • Net Operating Income $33,955

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,545

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: 0.2
  • Subdivision Name: Westgate
  • Unit Levels: Bi-Level
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1976
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Disposal
  • Has Basement: Daylight
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Other

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • View: Foothills View
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, FCU
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Water Source: City Water, FCU
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: 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: 8740
  • Parcel #: R0172685
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2545

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 40000
  • Annual Operating Expense: 6045

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 9, 2022
Sold by
Josh Stone
Bought by
Sipes Dale R and Sipes Janice J
Seller's Agent
Josh Stone
RentPro Property Management
Buyer's Agent
Danielle Spitz Barela
RE/MAX Alliance-FTC South
List Price
$625,000
Sold Price
$623,500
Premium/Discount to List
-$1,500
-0.24%
Current Estimated Value
$493,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$130,326
Avg. Annual Appreciation
-7.05%

Purchase Details

Closed on
Dec 21, 2021
Sold by
Timber Lane Investment Company
Bought by
United Colorado Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1977
Bought by
Timber Lane Investment Co
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
Sipes Dale R $623,500 None Listed On Document
United Colorado Llc $400,000 None Listed On Document
Stone Josh $421,100 None Listed On Document
Timber Lane Investment Co $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stone Josh $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2022 06/09/22 Sold $623,500 -0.2% $316 / Sq Ft
05/19/2022 05/19/22 For Sale $625,000 -- $316 / 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 $3,003 $34,981 $3,015 $31,966
2024 $2,857 $34,981 $3,015 $31,966
2022 $2,464 $26,098 $3,060 $23,038
2021 $2,545 $27,442 $3,218 $24,224
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

  • J

    Seller's Agent in 2022

    Josh Stone

    RentPro Property Management

    (303) 882-2040

    1 in this area

    16 Total Sales

    Josh Stone
    Section Image
  • Danielle Spitz Barela

    Buyer's Agent in 2022

    Danielle Spitz Barela

    RE/MAX

    (970) 402-2070

    2 in this area

    62 Total Sales

    Danielle Spitz Barela
    Section Image
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Map

Source: IRES MLS

MLS Number: 965720

IRES MLS

APN: 97201-08-013

Colorado Larimer County Fort Collins 80526 Stadium Heights

1606 Banyan Dr Unit 1-2, Fort Collins, CO

This home is located at 1606 Banyan Dr Unit 1-2, Fort Collins, CO 80526 since 16 May 2022 and is currently estimated at $493,174, approximately $249 per square foot. This property was built in 1972. 1606 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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