NOT LISTED FOR SALE

1779 Olympian Ln Unit 1 Estes Park, CO 80517

Estimated Value: $610,000 - $807,000

4 Beds
4 Baths
4,800 Sq Ft
$148/Sq Ft Est. Value

Last Sold March 18, 2015

Last sale price $421,899 $88 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,408/month

63 Days on Market

Highlights

  • Eat-In Kitchen
  • Patio
  • Partially Fenced Property
  • Walk-In Closet
  • Baseboard Heating
  • Northwest Facing Home

About This Home

As of March 2015

This is a rare chance to get a 6% return on your money! This fully rented building features 4 individual residential rental units. Each unit is metered separately for electric, and tenants pay for it. When you enter any one of these units the up stairs features a large living area, dining room, kitchen, 1/2 bath and laundry. The down stairs has 2 large bedrooms, a full bath and 3 LARGE closets for storage. The building also has a 50 year roof on it, which was installed only 5 years ago!

Last Agent to Sell the Property

Chris Ricciardi

Ponderosa Realty & Management Listed on: 12/15/2014

Last Buyer's Agent

Scott Thompson

Keller Williams Top of the Rockies Real Estate

Keller Williams Top of the Rockies Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,445

Year Built

  • Built in 1976

Lot Details

  • Northwest Facing Home
  • Partially Fenced Property

HOA Fees

  • $480 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Crawl Space

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Estes Park Elementary And Middle School
  • Estes Park High School

Additional Features

  • Patio
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for deposit, electricity
  • Assessor Parcel Number R1231022

Community Details

Overview

  • Association fees include trash, utilities
  • 4 Units
  • Olympian Lande Condo Subdivision

Building Details

  • Gross Income $38,760
  • Net Operating Income $33,290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,445

Year Built

Built in 1976

Lot Details

0

HOA Fees

$480 per month

Listing Details

  • Year Built: 1976
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: OLYMPIAN LANDE CONDO
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4800
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: Crawl Space
  • Total Bedrooms: 4
  • Interior Amenities: Eat-in Kitchen, Walk-In Closet(s)
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Within City Limits
  • View: Foothills View
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Direction Faces: Northwest
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Separate Meter Electricity, Town of Estes
  • Heating: Baseboard
  • Laundry Features: Washer/Dryer Hookups
  • Heating Yn: Yes
  • Sewer: District Sewer
  • Water Source: City Water, Town of Estes

Condo/Co-op/Association

  • HOA Fee Includes: Trash, Utilities
  • Senior Community: No
  • Association Fee: 5760
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: Yes

Schools

  • Elementary School: Estes Park
  • HighSchool: Estes Park
  • Junior High Dist: Estes Park District
  • Middle Or Junior School: Estes Park

Lot Info

  • Zoning: Multi
  • Lot Size Sq Ft: 1
  • Parcel #: R1231022
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 2444.7

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 38760
  • Income Includes: ["Lease/Rents"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2014
Closed on
Mar 2, 2015
Sold by
A & K Rentals Llc
Bought by
Olympian Lane Llc
Seller's Agent
Chris Ricciardi
Ponderosa Realty & Management
Buyer's Agent
Scott Thompson
Keller Williams Top of the Rockies Real Estate
List Price
$437,500
Sold Price
$421,899
Premium/Discount to List
-$15,601
-3.57%
Current Estimated Value
$708,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,717
Avg. Annual Appreciation
5.00%
Original Mortgage
$315,000
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 1, 1999
Sold by
The Richard S Hannigan Trust
Bought by
A & K Rentals Ltd Liability Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.16%

Purchase Details

Closed on
Jun 13, 1996
Sold by
Hannigan Richard S Kathleen C
Bought by
The Kathleen A Hannigan Trust

Purchase Details

Closed on
Apr 1, 1996
Sold by
Hannigan Richard S
Bought by
Hannigan Richard S Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Olympian Lane Llc $421,899 Rocky Mtn Escrow & Title
A & K Rentals Ltd Liability Company $336,000 --
The Kathleen A Hannigan Trust -- --
The Richard S Hannigan Trust -- --
Hannigan Richard S Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Olympian Lane Llc $315,000
Previous Owner A & K Rentals Ltd Liability Company $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2019 01/28/19 Off Market $421,899 -- --
03/18/2015 03/18/15 Sold $421,899 -3.6% $88 / Sq Ft
02/16/2015 02/16/15 Pending -- -- --
12/15/2014 12/15/14 For Sale $437,500 -- $91 / 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 $2,625 $39,530 $13,400 $26,130
2024 $2,581 $39,530 $13,400 $26,130
2022 $2,468 $32,318 $5,213 $27,105
2021 $2,534 $33,248 $5,363 $27,885
2020 $2,953 $38,253 $5,363 $32,890
2019 $2,936 $38,253 $5,363 $32,890
2018 $2,564 $32,400 $5,400 $27,000
2017 $2,578 $32,400 $5,400 $27,000
2016 $2,540 $33,830 $5,970 $27,860
2015 $2,567 $33,830 $5,970 $27,860
2014 $2,477 $33,490 $2,740 $30,750
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Chris Ricciardi

    Ponderosa Realty & Management

    (970) 232-4330

    5 Total Sales

    Chris Ricciardi
    Section Image
  • Scott Thompson

    Buyer's Agent in 2015

    Scott Thompson

    Keller Williams Top of the Rockies Real Estate

    (970) 590-9941

    62 in this area

    89 Total Sales

    Scott Thompson
    Section Image
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Map

Source: IRES MLS

MLS Number: 752264

IRES MLS

APN: 25203-22-001

Colorado Larimer County Estes Park 80517

1779 Olympian Ln Unit 1, Estes Park, CO

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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