NOT LISTED FOR SALE

Estimated Value: $337,000 - $435,000

3 Beds
2 Baths
4,952 Sq Ft
$80/Sq Ft Est. Value

Sale Details

Date Sold: June 26, 2017

Last sale price $520,000 $105 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $2,309 / mo

20 Days on Market

Highlights

  • Multiple Fireplaces
  • No HOA
  • Accessible Approach with Ramp
  • Corner Lot
  • Brick Veneer
  • 5-minute walk to Spangler Park

About This Home

As of June 2017

Fantastic opportunity for an Investor to purchase a freestanding office building in Northeast Longmont with a well established existing tenant. The existing owner will sign a 3 year triple net lease, with one 3 year lease option, at $4,000.00 per month plus triple nets. Reception area, multiple offices, bullpen area, conference room, kitchenette and 2 restrooms. Carpeted throughout, interior and exterior recently repainted. Interior and exterior LED lighting. 10 parking spaces.ADA accessible.

Last Agent to Sell the Property

Keith Kanemoto

RE/MAX Elevate License #40009659 Listed on: 03/02/2017

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 13,340 Sq Ft Lot
  • Corner Lot
  • Sprinkler System

Home Design

  • Brick Veneer
  • Composition Roof

Interior Spaces

  • Primary bathroom on main floor
  • 4,952 Sq Ft Home
  • 1-Story Property
  • Multiple Fireplaces

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Accessible Home Design

  • Accessible Approach with Ramp

Schools

  • Timberline Elementary And Middle School
  • Skyline High School

Utilities

  • Forced Air Heating and Cooling System
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for gas, electricity, water, sewer, taxes, interior maintenance, exterior maintenance, trash collection
  • Assessor Parcel Number R0078149

Community Details

Overview

  • No Home Owners Association
  • Persam Subdivision

Building Details

  • Gross Income $48,000
  • Net Operating Income $48,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0.31 Acres

Listing Details

  • Year Built: 1966
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.31
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: PERSAM
  • Directions: The Property is situated in the Kitely Neighborhood, between Collyer Street and Lashley Street, on the corner of Mountain View Avenue and Baker Street in Longmont.
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4952
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Commercial or Industrial
  • Private Spa: No
  • Appliances: Refrigerator, Washer, Dryer
  • Accessibility Features: Accessible Approach with Ramp, Main Floor Bath
  • Has Basement: Full, Walk-Out Access
  • Fireplace Features: 2+ Fireplaces
  • Fireplace: Yes
  • ResoLivingAreaSource: Other

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Sidewalks, Lawn Sprinkler System, Corner Lot
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Timberline
  • HighSchool: Skyline
  • Junior High Dist: ST Vrain Dist RE 1J
  • Middle Or Junior School: Timberline

Lot Info

  • Zoning: R3
  • Lot Size Sq Ft: 13340
  • Parcel #: R0078149
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity, Water, Sewer, Taxes, Interior Maintenance, Exterior Maintenance, Trash Collection

Tax Info

  • Tax Year: 2016

Multi Family

  • Annual Gross Income: 48000
  • Income Includes: ["Lease/Rents"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2020
Sold by
Rausch Lance and Rausch Lynn
Bought by
Ochoa Amador Mota and Jimenez Jose Antonio
Current Estimated Value
$397,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,113
Outstanding Balance
$282,778
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$114,931

Purchase Details

Closed on
Jun 21, 2007
Sold by
Moir Garnet L
Bought by
Rausch Lynn

Purchase Details

Closed on
Jan 4, 2006
Sold by
Rausch Donald D
Bought by
Rausch Donald D

Purchase Details

Closed on
May 17, 2000
Sold by
Moir Garnet L Living Trust and Garnet L
Bought by
Rausch Donald D

Purchase Details

Closed on
Feb 13, 1997
Sold by
Miller John H
Bought by
Garnet L Moir Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,500
Interest Rate
7.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 28, 1978
Bought by
Rausch Lynn and Rausch Lance

Purchase Details

Closed on
Jun 6, 1973
Bought by
Rausch Lynn and Rausch Lance
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Ochoa Amador Mota $325,000 Ethical Title Company
Rausch Lynn -- None Available
Rausch Donald D -- --
Rausch Donald D -- --
Garnet L Moir Living Trust $81,500 First American Heritage Titl
Rausch Lynn $44,000 --
Rausch Lynn $23,800 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Ochoa Amador Mota $319,113
Previous Owner Garnet L Moir Living Trust $31,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2019 01/28/19 Off Market $520,000 -- --
06/26/2017 06/26/17 Sold $520,000 -1.0% $105 / Sq Ft
03/22/2017 03/22/17 Pending -- -- --
03/02/2017 03/02/17 For Sale $525,000 -- $106 / 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 $1,889 $21,319 $6,875 $14,444
2024 $1,889 $21,319 $6,875 $14,444
2023 $1,863 $19,745 $7,611 $15,819
2022 $1,732 $17,500 $5,692 $11,808
2021 $1,754 $18,004 $5,856 $12,148
2020 $1,675 $17,239 $5,291 $11,948
2019 $1,648 $17,239 $5,291 $11,948
2018 $1,319 $13,889 $5,112 $8,777
2017 $1,301 $15,355 $5,652 $9,703
2016 $1,197 $12,521 $4,537 $7,984
2015 $1,141 $10,794 $3,264 $7,530
2014 $1,008 $10,794 $3,264 $7,530
Source: Public Records

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Map

Source: IRES MLS

MLS Number: IRE812681

IRES MLS

APN: 1205352-29-044

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