NOT LISTED FOR SALE

1931 Boise Ave Loveland, CO 80538

Estimated Value: $1,391,040

-- Bed
4 Baths
4,830 Sq Ft
$288/Sq Ft Est. Value

Last Sold July 31, 2018

Last sale price $970,000 $201 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $9,414/month

1 Day on Market

Highlights

  • No HOA
  • Brick Veneer
  • Forced Air Heating and Cooling System

About This Home

As of July 2018

Don't miss out on this 25-unit office rental in a premium location across from hospital w/ easy access to I-25 and Hwy 34. The actual income for this property is astronomical reaching over $100,000! In the past 5 years, 3/4 furnaces were replaced, lighting upgraded to LED throughout bldg, water heaters, AC replaced, landscpg upgraded, freshly painted upstairs, remodeled units, & 3 new offices built! No deferred maintenance, a cap rate of 6.51%, & extensive upgrades make this property unbeatable!

Last Agent to Sell the Property

Kevin Cox

Resident Realty Listed on: 05/09/2018

Resident Realty

Last Buyer's Agent

Mike Nelson

eXp Realty LLC

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.46 Acre Lot
  • Sprinkler System

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Wood Roof

Interior Spaces

  • 4,830 Sq Ft Home
  • 2-Story Property

Schools

  • Loveland Classical Elementary And Middle School
  • Loveland High School

Additional Features

  • Exterior Lighting
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for deposit
  • Assessor Parcel Number R0336785

Community Details

Overview

  • No Home Owners Association
  • 25 Units
  • Mckee Meadows Add Subdivision

Building Details

  • Gross Income $100,008
  • Net Operating Income $63,101

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Year Built: 1977
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.46
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: McKee Meadows Add
  • Directions: From Hwy 34 and Boise Avenue, go North to property.
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4830
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Commercial, Commercial or Industrial
  • Private Spa: No
  • Has Basement: None
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Wood
  • Lot Features: Curbs, Gutters, Sidewalks, Lawn Sprinkler System
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Exterior Features: Lighting
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Central Air
  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Loveland Classical
  • HighSchool: Loveland
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Loveland Classical

Lot Info

  • Zoning: R3
  • Lot Size Sq Ft: 20038
  • Parcel #: R0336785
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, None

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 19936

Multi Family

  • Number Of Units Total: 25
  • Annual Gross Income: 100008
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 36907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2018
Closed on
Jul 31, 2018
Sold by
Hayes Alfred F and Hayes Margaret
Bought by
Barco Investments Lp
Seller's Agent
Kevin Cox
Resident Realty
Buyer's Agent
Mike Nelson
eXp Realty LLC
List Price
$970,000
Sold Price
$970,000
Current Estimated Value
$1,391,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,040
Avg. Annual Appreciation
5.14%

Purchase Details

Closed on
Oct 17, 2008
Sold by
Crill Joshua J and Crill Cheryl L
Bought by
Hayes Alfred F and Hayes Margaret

Purchase Details

Closed on
Apr 30, 2004
Sold by
Mclean John J
Bought by
Crill Joshua J and Crill Cheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 26, 1996
Sold by
Garfield Inc Johnson Clifford C
Bought by
Mclean John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
9%
Mortgage Type
Commercial
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
Barco Investments Lp $970,000 First American Title
Hayes Alfred F $826,424 None Available
Crill Joshua J $525,000 --
Mclean John J $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crill Joshua J $125,000
Previous Owner Crill Joshua J $472,500
Previous Owner Mclean John J $50,000
Previous Owner Mclean John J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2019 10/29/19 Off Market $970,000 -- --
07/31/2018 07/31/18 Sold $970,000 0.0% $201 / Sq Ft
05/10/2018 05/10/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $970,000 -- $201 / 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 $22,711 $292,950 $62,133 $230,817
2024 $21,904 $292,950 $62,133 $230,817
2022 $22,383 $281,300 $64,583 $216,717
2021 $22,357 $281,300 $64,583 $216,717
2020 $22,366 $281,300 $32,277 $249,023
2019 $21,989 $281,300 $32,277 $249,023
2018 $23,151 $281,300 $32,277 $249,023
2017 $19,936 $281,300 $32,277 $249,023
2016 $15,952 $217,500 $32,277 $185,223
2015 $15,821 $217,500 $32,280 $185,220
2014 $14,174 $188,500 $32,280 $156,220
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Kevin Cox

    Resident Realty

    (970) 219-8195

    20 Total Sales

    Kevin Cox
    Section Image

  • M

    Buyer's Agent in 2018

    Mike Nelson

    eXp Realty LLC

    (303) 776-3200

    15 Total Sales

    Mike Nelson
    Section Image
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Map

Source: IRES MLS

MLS Number: 849552

IRES MLS

APN: 85073-21-009

Colorado Larimer County Loveland 80538

1931 Boise Ave, Loveland, CO

This home is located at 1931 Boise Ave, Loveland, CO 80538 since 09 May 2018 and is currently estimated at $1,391,040, approximately $288 per square foot. This property was built in 1977. 1931 Boise Ave is a home located in Larimer County with nearby schools including Monroe Elementary School, Peakview Academy at Conrad Ball, and Mountain View 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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