NOT LISTED FOR SALE

Estimated Value: $513,000 - $598,000

9 Beds
5 Baths
3,054 Sq Ft
$182/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $677,500 $222 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $3,041/month

130 Days on Market

Highlights

  • City View
  • Deck
  • Corner Lot
  • Colonial Architecture
  • Main Floor Bedroom
  • No HOA

About This Home

As of September 2020

This gorgeous property is looking for an investor who is searching for great cash flow. A beautiful maintained duplex, which features the main and upper unit with 6 beds, 2.5 Baths. The lower unit has 3 beds, 2 baths. Vinyl siding, newer roof, and numerous updates. This property is located across from the UNC Campus- Greeley. To top it off, this property is fully 100% leased for the 2020-2021 school year. With over a 7% cap rate (seller pays utilities), you won't find a nicer Income Property!

Last Agent to Sell the Property

Will Malizia

Resident Realty License #100047494 Listed on: 05/07/2020

Resident Realty

Last Buyer's Agent

Melanie Prestwich

Great Way RE Properties

Great Way RE Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,636

Year Built

  • Built in 1916

Lot Details

  • 6,500 Sq Ft Lot
  • Property fronts an alley
  • West Facing Home
  • Partially Fenced Property
  • Wood Fence
  • Corner Lot
  • Sloped Lot
  • Sprinkler System

Parking

  • Alley Access

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,054 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • French Doors
  • City Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

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

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Main Floor Bedroom
  • 5 Bathrooms
  • Primary bathroom on main floor

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Deck
  • Outdoor Storage

Location

  • Mineral Rights Excluded

Schools

  • Heath Middle School
  • Greeley Central High School

Utilities

  • Central Air
  • Hot Water Heating System
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for deposit
  • Assessor Parcel Number R3296586

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Arlington Heights Subdivision

Building Details

  • Gross Income $57,450
  • Net Operating Income $48,717

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,636

Year Built

Built in 1916

Lot Details

6,500 Sq Ft Lot

Listing Details

  • Year Built: 1916
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.15
  • Road Frontage Type: City Street, Alley
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Arlington Heights
  • Directions: 8th Ave, North on 8th Ave until 18th Street. Corner of 18th Street and 8th Avenue.
  • Architectural Style: Colonial
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3054
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Accessibility Features: Main Floor Bath, Main Level Bedroom
  • Has Basement: Full, 90%+ Finished Basement
  • Total Bedrooms: 9
  • Door Features: French Doors, Storm Door(s)
  • Interior Amenities: Satellite Avail, Eat-in Kitchen
  • Window Features: Window Coverings, Storm Window(s)
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial, Wood
  • Lot Features: Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Mineral Rights Excluded, Corner Lot, Sloped
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Direction Faces: West
  • Other Structures: Storage
  • Patio And Porch Features: Deck
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Electric: Electric, XCEL
  • Heating: Hot Water
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • 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: Other
  • HighSchool: Greeley Central
  • Junior High Dist: Greeley 6
  • Middle Or Junior School: Heath

Lot Info

  • Zoning: R-H
  • Lot Size Sq Ft: 6500
  • Parcel #: R3296586
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1636

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 57450
  • Income Includes: ["Lease/Rents"]

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2020
Closed on
Sep 30, 2020
Sold by
Zweigle Lee and Zweigle Mary Ann
Bought by
Kc Greeley Llc
Seller's Agent
Will Malizia
Resident Realty
Buyer's Agent
Melanie Prestwich
Great Way RE Properties
List Price
$715,000
Sold Price
$677,500
Premium/Discount to List
-$37,500
-5.24%
Current Estimated Value
$555,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$122,000
Avg. Annual Appreciation
-3.59%

Purchase Details

Closed on
May 18, 2007
Sold by
Zweigle Lee
Bought by
Zweigle Lee and Zweigle Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
6.16%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 7, 2006
Sold by
Greeley Chapter #8 Disabled American Vet
Bought by
Zweigle Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.41%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 31, 1997
Sold by
Sheila Rimko
Bought by
Greeley Chapter #8 Disabled American Vet

Purchase Details

Closed on
Sep 23, 1991
Sold by
Hix Bennie R
Bought by
Rimko Sheila

Purchase Details

Closed on
Aug 18, 1981
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kc Greeley Llc $677,500 First American Title
Zweigle Lee -- Land Title
Zweigle Lee $188,000 None Available
Greeley Chapter #8 Disabled American Vet $134,900 --
Rimko Sheila $45,500 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zweigle Lee $217,000
Previous Owner Zweigle Lee $208,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2021 12/29/21 Off Market $677,500 -- --
09/30/2020 09/30/20 Sold $677,500 -0.4% $222 / Sq Ft
07/20/2020 07/20/20 Price Changed $680,000 -2.2% $223 / Sq Ft
06/29/2020 06/29/20 Price Changed $695,000 -2.8% $228 / Sq Ft
05/07/2020 05/07/20 For Sale $715,000 -- $234 / Sq Ft
Source: IRES MLS

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 $2,196 $25,770 $2,440 $23,330
2024 $2,196 $25,770 $2,440 $23,330
2023 $2,094 $29,860 $3,080 $26,780
2022 $2,036 $23,350 $2,340 $21,010
2021 $2,147 $24,550 $2,460 $22,090
2020 $1,632 $18,720 $1,990 $16,730
2019 $1,636 $18,720 $1,990 $16,730
2018 $1,536 $18,550 $1,870 $16,680
2017 $1,545 $18,550 $1,870 $16,680
2016 $1,164 $15,730 $1,550 $14,180
2015 $1,159 $15,730 $1,550 $14,180
2014 $818 $10,830 $1,270 $9,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE910957

IRES MLS

APN: R3296586

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