NOT LISTED FOR SALE

Estimated Value: $488,000 - $598,000

8 Beds
4 Baths
3,266 Sq Ft
$173/Sq Ft Est. Value

Sale Details

Date Sold: November 6, 2020

Last sale price $475,000 $145 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,249 / mo

133 Days on Market

Highlights

  • Contemporary Architecture
  • Forced Air Heating System
  • 5-minute walk to UNC Jackson Sports Complex
  • No HOA
  • 1-Story Property

About This Home

As of November 2020

This 4 unit investment property has a location that's hard to beat. Close to campus and lots of amenities. Has a great rental history and is in good shape. The main building has a 3 bed unit and 2 - 1 bedroom units. There is a second building with 3 beds and a new roof. Check out the virtual tour!

Last Agent to Sell the Property

Gregg Thomas

Group Mulberry Listed on: 04/17/2020

Group Mulberry

Last Buyer's Agent

Billie Jo Downing

RE/MAX Alliance-Loveland License #40001799

RE/MAX Alliance-Loveland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,572

Year Built

  • Built in 1928

Lot Details

  • 9,500 Sq Ft Lot

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,266 Sq Ft Home
  • 1-Story Property

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Maplewood Elementary School
  • Heath Middle School
  • Greeley Central High School

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number R3305986

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Erickson Subdivision

Building Details

  • Gross Income $40,740
  • Net Operating Income $35,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,572

Year Built

Built in 1928

Lot Details

9,500 Sq Ft Lot

Listing Details

  • Year Built: 1928
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Erickson
  • Directions: E. on Hwy 34, N. on 8th Ave to property
  • Architectural Style: Contemporary/Modern, Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3266
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: None
  • Total Bedrooms: 8
  • ResoLivingAreaSource: Other

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Sidewalks
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Xcel Energy
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Greeley
  • Gas Company: Natural Gas, Atmos Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Maplewood
  • HighSchool: Greeley Central
  • Junior High Dist: Greeley 6
  • Middle Or Junior School: Heath

Lot Info

  • Zoning: SFR
  • Lot Size Sq Ft: 9500
  • Parcel #: R3305986
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2572

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 40740
  • Income Includes: ["Lease/Rents"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2020
Closed on
Nov 6, 2020
Sold by
Lenoch Torey D and Lenoch Julianna B
Bought by
Crowley Justin D
Seller's Agent
Gregg Thomas
Group Mulberry
Buyer's Agent
Billie Jo Downing
RE/MAX Alliance-Loveland
List Price
$515,000
Sold Price
$475,000
Premium/Discount to List
-$40,000
-7.77%
Current Estimated Value
$564,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,772
Avg. Annual Appreciation
3.19%
Original Mortgage
$356,250
Outstanding Balance
$315,430
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$249,342

Purchase Details

Closed on
Aug 30, 2011
Sold by
Croak Michael
Bought by
Lenoch Julianna B and Lenoch Torey D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,662
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2005
Sold by
Kopp Paul J and Kopp Kathryn M
Bought by
Croak Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,754
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 22, 2004
Sold by
Kopp Paul J and Kopp Kathryn M
Bought by
Kopp Paul J and Kopp Kathryn M

Purchase Details

Closed on
Aug 15, 1989
Sold by
Union Colony Bank
Bought by
Kopp Paul J and Kopp Kathryn M

Purchase Details

Closed on
Nov 30, 1987
Sold by
Jantz Gerald L and Jantz Darlene M
Bought by
Union Colony Bank

Purchase Details

Closed on
Dec 15, 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
Crowley Justin D $475,000 Old Republic Title
Lenoch Julianna B $131,550 Tggt
Croak Michael $272,193 --
Kopp Paul J -- --
Kopp Paul J $68,000 --
Union Colony Bank $80,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crowley Justin D $356,250
Previous Owner Lenoch Julianna B $98,662
Previous Owner Croak Michael $217,754
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2022 02/04/22 Off Market $475,000 -- --
11/06/2020 11/06/20 Sold $475,000 -5.0% $145 / Sq Ft
07/31/2020 07/31/20 Price Changed $500,000 -2.9% $153 / Sq Ft
04/17/2020 04/17/20 For Sale $515,000 -- $158 / 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 $2,807 $36,650 $3,560 $33,090
2024 $2,807 $40,890 $3,560 $37,330
2023 $2,677 $37,140 $4,500 $32,640
2022 $2,814 $32,270 $3,420 $28,850
2021 $2,943 $33,650 $3,600 $30,050
2020 $2,565 $29,430 $2,910 $26,520
2019 $2,572 $29,430 $2,910 $26,520
2018 $1,782 $21,510 $2,740 $18,770
2017 $1,791 $21,510 $2,740 $18,770
2016 $1,296 $17,510 $2,270 $15,240
2015 $1,291 $17,510 $2,270 $15,240
2014 $958 $12,680 $1,850 $10,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE909236

IRES MLS

APN: R3305986

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