NOT LISTED FOR SALE

Estimated Value: $1,020,000 - $1,306,000

6 Beds
4 Baths
3,375 Sq Ft
$328/Sq Ft Est. Value

Last Sold October 05, 2023

Last sale price $1,080,000 $320 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,352/month

40 Days on Market

Highlights

  • 0.68 Acre Lot
  • Private Yard
  • Front Porch
  • Wood Flooring
  • No HOA
  • 2 Car Attached Garage

About This Home

As of October 2023

Exciting Equity Opportunity in a Serene Setting!

Discover this remarkable property, spanning .68 acres of peaceful land, ideally located near 20th and Teller Street. Currently boasting four separate structures with addressees, this investment presents endless possibilities.

The main residence features a spacious 4-bedroom, 2-bathroom layout with a convenient two-car garage, providing a comfortable and inviting space. The backyard of 2074 Teller is very roomy and private.

As you turn off Teller St down the new gravel driveway, a charming 2-bedroom, 1-bathroom single-family home (2070 Teller St) awaits, with great potential for higher rental income.

But that's not all! This property also boasts a full duplex, with each side offering a 1-bedroom plus office and bathroom unit. Each unit comes with ample tenant parking, making it an attractive prospect for renters.

Beyond the established structures, you'll find a distinctive dome-shaped building that was previously used as an ADU (Accessory Dwelling Unit). While it lacks its own address and utilities, the seller designates it as an outbuilding or shed. The creative potential of this unique space is limited only by your imagination.

Currently, the duplex units are leased on a month-to-month basis, offering immediate income, but the possibilities don't end there. Whether you're looking to generate passive income, pursue a fix-and-flip project, or envision a brand new development on this expansive lot, the choice is yours.

Nestled just West of Sloan's Lake in an area experiencing desirable growth, this location is ripe with value. Surrounding properties on Teller St have seen impressive improvements and new developments, further adding to the investment potential.

Please note that all buildings are being sold AS-IS. Don't miss this golden chance to explore this extraordinary property's potential. Schedule a tour today and unlock the incredible possibilities that await!

Last Agent to Sell the Property

Molly Henry

RE/MAX Professionals Brokerage Email: mollyvhenry@gmail.com,303-929-6689 License #100047984 Listed on: 07/05/2023

RE/MAX Professionals

Last Buyer's Agent

Jason Rossi

Madison & Company Properties License #100054592

Madison & Company Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,792

Year Built

  • Built in 1943

Lot Details

  • 0.68 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • Private Yard

Parking

  • 2 Car Attached Garage
  • Gravel Driveway

Home Design

  • Duplex
  • Fixer Upper
  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,375 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Lumberg Elementary School
  • Jefferson Middle School
  • Jefferson High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Smoke Free Home
  • Front Porch
  • Ground Level

Community Details

  • No Home Owners Association
  • Grandview Acres Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, internet
  • The owner pays for insurance, trash collection, water
  • Assessor Parcel Number 053745

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,792

Year Built

Built in 1943

Lot Details

0.68 Acres

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Structure Type: Duplex
  • Levels: One
  • Year Built: 1943
  • Above Grade Finished Sq Ft: 3375
  • Entry Location: Ground
  • Exclusions: personal property
  • Living Area: 3375
  • Property Condition: Fixer
  • SubdivisionName: Grandview Acres
  • Ownership: Individual
  • Property Attached Yn: Yes
  • REC_ExpectedActiveDate: 2023-07-05
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.98182
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Water Heater, Oven, Refrigerator, Self Cleaning Oven, Washer
  • Fireplaces: 1
  • Interior Amenities: Smoke Free
  • Flooring: Carpet, Laminate, Tile, Vinyl, Wood
  • Fireplace Features: Family Room
  • Basement: No
  • Total Bedrooms: 6

Exterior Features

  • Roof: Composition, Unknown
  • Construction Materials: Block, Brick, Frame, Stucco, Wood Siding
  • Exterior Features: Private Yard
  • Patio and Porch Features: Front Porch

Garage/Parking

  • Parking Features: Gravel
  • Attached Garage: Yes
  • Garage Spaces: 2
  • Total Parking Spaces: 2
  • Unit Numberof Parking Per Unit: 1
  • Unit Numberof Parking Per Unit: 1
  • Unit Numberof Parking Per Unit: 2
  • Unit Numberof Parking Per Unit: 1

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air, Hot Water
  • Water Source: Public
  • Security: Smoke Detector(s)

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: Jefferson

Lot Info

  • Parcel Number: 053745
  • Lot Size Acres: 0.68
  • Fencing: Partial
  • Building Area Total: 3375
  • Lot Features: Level
  • Lot Size Sq Ft: 29620.8

Rental Info

  • Owner Pays: Insurance, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Internet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5792

MLS Schools

  • Elementary School: Lumberg
  • High School: Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2023
Closed on
Oct 3, 2023
Sold by
Zandi Faye F and Fabrizio Micah E
Bought by
Hoppe Nathan R
Seller's Agent
Molly Henry
RE/MAX Professionals
Buyer's Agent
Jason Rossi
Madison & Company Properties
List Price
$1,125,000
Sold Price
$1,080,000
Premium/Discount to List
-$45,000
-4%
Views
32
Current Estimated Value
$1,107,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,565
Avg. Annual Appreciation
1.03%
Original Mortgage
$810,000
Outstanding Balance
$794,400
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$313,165

Purchase Details

Closed on
Nov 16, 2013
Sold by
Falagrady Debra Kay Reser
Bought by
Zandi Faye F and Fabrizio Micah E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hoppe Nathan R $1,080,000 None Listed On Document
Zandi Faye F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoppe Nathan R $810,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2023 10/05/23 Sold $1,080,000 -4.0% $320 / Sq Ft
08/30/2023 08/30/23 Price Changed $1,125,000 0.0% $333 / Sq Ft
08/30/2023 08/30/23 For Sale $1,125,000 -5.9% $333 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
08/05/2023 08/05/23 Price Changed $1,195,000 0.0% $354 / Sq Ft
08/05/2023 08/05/23 For Sale $1,195,000 +10.6% $354 / Sq Ft
07/29/2023 07/29/23 Off Market $1,080,000 -- --
07/05/2023 07/05/23 For Sale $1,100,000 -- $326 / Sq Ft
Source: REcolorado®

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
2024 $7,064 $77,815 $23,076 $54,739
2023 $7,064 $77,815 $23,076 $54,739
2022 $5,792 $62,343 $26,213 $36,130
2021 $5,875 $64,138 $26,968 $37,170
2020 $5,372 $58,887 $25,752 $33,135
2019 $5,303 $58,887 $25,752 $33,135
2018 $5,429 $58,274 $21,005 $37,269
2017 $4,776 $58,274 $21,005 $37,269
2016 $4,394 $49,953 $12,422 $37,531
2015 $3,706 $49,953 $12,422 $37,531
2014 $3,706 $38,555 $8,769 $29,786
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 3167511

REcolorado®

APN: 39-351-23-021

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