NOT LISTED FOR SALE

Estimated Value: $328,099 - $405,000

4 Beds
2 Baths
1,662 Sq Ft
$227/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $410,000 $247 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,150/month

4 Days on Market

Highlights

  • Private Yard
  • Covered Patio or Porch
  • Laundry Facilities
  • No HOA
  • Forced Air Heating System
  • 3-minute walk to UNC Sports Field

About This Home

As of May 2024

Calling All INVESTORS and Smart HOUSE HACKERS who love a solid Cap Rate and Rent Ratio! Investors, check out the possibilities with High Density Zoning to add 4 units on the back of this 9500 sq ft. lot! House hackers, this could be the property for you; Live in one and rent out the other to cover significant part of the mortgage!
Great duplex that cash flows with current rates! Located just a few blocks from UNC, Jackson Field, and newly redeveloped downtown. This property has strong rental history and is set up as 2 separate 2b/1ba units with shared laundry area, but potential as a single family residence as well. Large fenced yard with lots of possibilities. Main level is leased at $1400 through 5/31/2025 and basement unit tenant at $1300 through 6/30/24 (but would like to stay) Kitchens and baths in both units were remodeled in 2019 with new LVP Flooring and Paint in 2022. Siding needs a little love so please only submit an offer accordingly as sellers will make no improvements; priced accordingly. Please note there is no sign in the yard.

Last Agent to Sell the Property

Lisa Schoen

Khaya Real Estate LLC Brokerage Email: Lisa@KhayaRealEstate.com,303-931-0689 License #100081454 Listed on: 04/12/2024

Last Buyer's Agent

Lisa Schoen

Khaya Real Estate LLC Brokerage Email: Lisa@KhayaRealEstate.com,303-931-0689 License #100081454 Listed on: 04/12/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,577

Year Built

  • Built in 1925

Lot Details

  • Private Yard

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Dirt Driveway
  • Paved Parking

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Schools

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

Utilities

  • Mini Split Air Conditioners
  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Tenants personal property
  • Tenant pays for cable TV, grounds care
  • The owner pays for electricity, gas, insurance, taxes, trash collection, water
  • Assessor Parcel Number R3308686

Community Details

Overview

  • No Home Owners Association
  • Briggs Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,577

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Structure Type: Duplex
  • Levels: Two
  • Year Built: 1925
  • Above Grade Finished Sq Ft: 846
  • Exclusions: Tenants personal property
  • Living Area: 1662
  • SubdivisionName: Briggs
  • Ownership: Individual
  • Property Attached Yn: No
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 0.00
  • REC_ExpectedActiveDate: 2024-04-12
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 1.03797
  • Special Features: None

Interior Features

  • Basement: Finished
  • Basement: Yes
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 816

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame, Wood Siding
  • Exterior Features: Private Yard, Rain Gutters
  • Patio and Porch Features: Covered, Front Porch, Patio

Garage/Parking

  • Parking Features: Concrete, Driveway-Dirt
  • Attached Garage: No
  • Total Parking Spaces: 4

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Connected
  • Sewer: Public Sewer
  • Cooling: Air Conditioning-Room
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: Common Area

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Heath

Lot Info

  • Parcel Number: R3308686
  • Building Area Total: 1662

Rental Info

  • Owner Pays: Electricity, Gas, Insurance, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Grounds Care

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1577

MLS Schools

  • Elementary School: Maplewood
  • High School: Greeley Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
May 17, 2024
Sold by
1938 7Th Ave Llc
Bought by
Damaso Kevin
Seller's Agent
Lisa Schoen
Khaya Real Estate LLC
Buyer's Agent
Lisa Schoen
Khaya Real Estate LLC
List Price
$395,000
Sold Price
$410,000
Premium/Discount to List
$15,000
3.8%
Views
23
Current Estimated Value
$384,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,288
Avg. Annual Appreciation
-4.93%
Original Mortgage
$397,664
Outstanding Balance
$390,908
Interest Rate
6.82%
Mortgage Type
FHA
Estimated Equity
-$13,133

Purchase Details

Listed on
Jul 2, 2019
Closed on
Jul 30, 2019
Sold by
Schutz Investment Llc
Bought by
Will Nathan
Seller's Agent
James Schutz
HomeSmart Westminster
Buyer's Agent
Nick Bukowski
The Station Real Estate
List Price
$249,900
Sold Price
$235,000
Premium/Discount to List
-$14,900
-5.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.29%
Original Mortgage
$176,250
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2004
Sold by
Schutz James B
Bought by
Schutz Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,200
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2002
Sold by
Schutz James B
Bought by
Schutz Investments Llc

Purchase Details

Closed on
Jun 11, 2002
Sold by
Apmann Robert G and Apmann Margaret M
Bought by
Schutz James B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,200
Interest Rate
6.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 1994
Sold by
Speck Paul Philip
Bought by
Apmann Robert G and Apmann Margaret M

Purchase Details

Closed on
Oct 31, 1989

Purchase Details

Closed on
May 5, 1976
Source: Public Records
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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
Damaso Kevin $405,000 None Listed On Document
Will Nathan $235,000 Land Title Guarantee Company
Schutz Investments Llc -- --
Schutz James B -- --
Schutz Investments Llc -- --
Schutz James B $141,500 Title Services
Apmann Robert G $67,000 --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Damaso Kevin $397,664
Previous Owner Will Nathan $176,250
Previous Owner Schutz James B $113,200
Previous Owner Schutz James B $113,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2024 05/17/24 Sold $410,000 +3.8% $247 / Sq Ft
04/12/2024 04/12/24 For Sale $395,000 +7.9% $238 / Sq Ft
06/06/2022 06/06/22 Sold $366,000 +4.6% $220 / Sq Ft View Prior Sale
04/25/2022 04/25/22 Pending -- -- --
04/16/2022 04/16/22 For Sale $350,000 -4.4% $211 / Sq Ft
04/11/2022 04/11/22 Off Market $366,000 -- --
04/11/2022 04/11/22 For Sale $350,000 +48.9% $211 / Sq Ft
10/29/2019 10/29/19 Off Market $235,000 -- --
07/30/2019 07/30/19 Sold $235,000 -6.0% $141 / Sq Ft View Prior Sale
07/10/2019 07/10/19 Pending -- -- --
07/02/2019 07/02/19 For Sale $249,900 -- $150 / Sq Ft
Source: REcolorado®

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 $1,654 $22,630 $3,560 $19,070
2024 $1,654 $22,630 $3,560 $19,070
2023 $1,577 $23,410 $4,500 $18,910
2022 $1,499 $17,190 $3,420 $13,770
2021 $1,581 $18,080 $3,600 $14,480
2020 $1,306 $14,980 $2,910 $12,070
2019 $1,309 $14,980 $2,910 $12,070
2018 $964 $11,640 $2,740 $8,900
2017 $969 $11,640 $2,740 $8,900
2016 $732 $9,900 $2,270 $7,630
2015 $730 $9,900 $2,270 $7,630
2014 $518 $6,850 $1,850 $5,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 3210443

REcolorado®

APN: R3308686