NOT LISTED FOR SALE

224 SW 42nd St Loveland, CO 80537

Estimated Value: $552,000 - $718,000

6 Beds
2 Baths
2,019 Sq Ft
$311/Sq Ft Est. Value

Last Sold September 18, 2020

Last sale price $440,000 $218 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,540/month

373 Days on Market

Highlights

  • Horses Allowed On Property
  • 0.62 Acre Lot
  • Deck
  • Carrie Martin Elementary School Rated 9+
  • Mountain View
  • Wood Flooring

About This Home

As of September 2020

This is a great rental property with the duplex, but also has rental income from the horse property. It's in a very private place and quite. This lot is massive and has so much storage. Both units are rented and the renters want to stay and realize their rent will go up. The owner rented unit 226 to a friend 18 years ago and has not raised the rents much, but the renter has put in the horse, coral, barn, tack and other buildings. Rent Outbuildings as well.

Last Agent to Sell the Property

Tom Precella

Coldwell Banker Realty-Boulder Listed on: 08/21/2019

Coldwell Banker Realty-Boulder

Last Buyer's Agent

Justen Martin

ihomes Colorado

ihomes Colorado

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,074

Year Built

  • Built in 1964

Lot Details

  • 0.62 Acre Lot
  • North Facing Home
  • Partially Fenced Property
  • Wood Fence
  • Wire Fence
  • Level Lot
  • Sprinkler System

Home Design

  • Duplex
  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 2,019 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Dining Room
  • Wood Flooring
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms
  • Primary bathroom on main floor

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Storage
  • Outbuilding

Schools

  • Carrie Martin Elementary School
  • Clark Middle School
  • Thompson Valley High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Mineral Rights
  • Horses Allowed On Property

Listing and Financial Details

  • Tenant pays for deposit, gas

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Campion Subdivision

Building Details

  • Gross Income $29,985
  • Net Operating Income $24,711

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,074

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Year Built: 1964
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: Yes
  • Lot Size Acres: 0.62
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Campion
  • Directions: Hwy 287 Just north of Berthoud go west on Hwy 42 about a half mile on left very secluded. Off of 42 behind wood fence.
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2019
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family, Farm
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Accessibility Features: Level Lot, Main Floor Bath, Main Level Bedroom
  • Has Basement: None
  • Total Bedrooms: 6
  • Flooring: Wood Floors
  • Interior Amenities: High Speed Internet, Eat-in Kitchen, Separate Dining Room, Pantry
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial, Wood, Chain Link, Other, Wire
  • Lot Features: Gutters, Lawn Sprinkler System, Mineral Rights Included, Level, Within City Limits
  • View: Mountain(s), Foothills View
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Direction Faces: North
  • Exterior Features: Balcony
  • Other Structures: Storage, Outbuildings
  • Patio And Porch Features: Deck
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Ceiling Fan(s)
  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Loveland
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Carrie Martin
  • HighSchool: Thompson Valley
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Clark (Walt)

Lot Info

  • Zoning: RES.
  • Current Use: Horses
  • Lot Size Sq Ft: 27019
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2074

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 29985
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 5274

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2019
Closed on
Sep 17, 2020
Sold by
Victory Martin A
Bought by
Harris Randy Norman and Harris Jeanette Suzanne
Seller's Agent
Tom Precella
Coldwell Banker Realty-Boulder
Buyer's Agent
Justen Martin
ihomes Colorado
List Price
$440,000
Sold Price
$440,000
Current Estimated Value
$628,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,021
Avg. Annual Appreciation
7.23%
Original Mortgage
$432,030
Outstanding Balance
$382,687
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$245,334

Purchase Details

Closed on
Jun 2, 2004
Sold by
Victory Gloria J
Bought by
Victory Gloria J and Victory Martin A

Purchase Details

Closed on
Feb 1, 1977
Bought by
Jones Walter M
Source: Public Records

Range of Values:

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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
Harris Randy Norman $440,000 Guardian Title
Victory Gloria J -- --
Jones Walter M $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harris Randy Norman $432,030
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2020 12/19/20 Off Market $440,000 -- --
09/18/2020 09/18/20 Sold $440,000 0.0% $218 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
05/18/2020 05/18/20 For Sale $440,000 0.0% $218 / Sq Ft
05/17/2020 05/17/20 Off Market $440,000 -- --
03/05/2020 03/05/20 Price Changed $440,000 -7.4% $218 / Sq Ft
03/04/2020 03/04/20 For Sale $475,000 0.0% $235 / Sq Ft
02/27/2020 02/27/20 Pending -- -- --
09/25/2019 09/25/19 Price Changed $475,000 -3.1% $235 / Sq Ft
08/21/2019 08/21/19 For Sale $490,000 -- $243 / 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 $2,952 $39,939 $6,834 $33,105
2024 $2,849 $39,939 $6,834 $33,105
2022 $2,506 $31,783 $6,256 $25,527
2021 $2,628 $33,419 $6,578 $26,841
2020 $2,361 $30,016 $6,578 $23,438
2019 $2,321 $30,016 $6,578 $23,438
2018 $2,074 $25,452 $3,096 $22,356
2017 $1,785 $25,452 $3,096 $22,356
2016 $1,400 $19,303 $3,423 $15,880
2015 $1,388 $19,300 $3,420 $15,880
2014 $1,164 $15,650 $3,420 $12,230
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tom Precella

    Coldwell Banker Realty-Boulder

    Section Image

  • J

    Buyer's Agent in 2020

    Justen Martin

    ihomes Colorado

    Section Image
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Map

Source: IRES MLS

MLS Number: 891906

IRES MLS

APN: 94021-00-015

Colorado Larimer County Loveland 80537

224 SW 42nd St, Loveland, CO

This home is located at 224 SW 42nd St, Loveland, CO 80537 since 21 August 2019 and is currently estimated at $628,021, approximately $311 per square foot. This property was built in 1964. 224 SW 42nd St is a home located in Larimer County with nearby schools including Carrie Martin Elementary School, Bill Reed Middle School, and Thompson Valley 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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