NOT LISTED FOR SALE

231 3rd St Estes Park, CO 80517

Estimated Value: $568,000 - $805,000

3 Beds
2 Baths
2,431 Sq Ft
$285/Sq Ft Est. Value

Last Sold August 21, 2019

Last sale price $433,000 $178 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $3,853/month

34 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 1-Story Property
  • Eat-In Kitchen
  • Fenced
  • 3-minute walk to Roosevelt National Park

About This Home

As of August 2019

Don't miss this excellent opportunity to invest in Estes Park! This charming 1939 duplex property is located within walking distance of Lake Estes and downtown Estes Park! Live in one side for free while the rent from the other half covers your mortgage, or rent the entire duplex and add cash flow to your portfolio. Income properties are rare in this popular tourist destination. Don't let this one pass you by. Current rent is set at $2,800 collectively per month but there is potential for more!

Last Agent to Sell the Property

Dana Walker

Compass - Boulder Listed on: 07/11/2019

Compass - Boulder

Last Buyer's Agent

Julia Daley

McCann Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,820

Year Built

  • Built in 1939

Lot Details

  • 0.28 Acre Lot
  • Fenced

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,431 Sq Ft Home
  • 1-Story Property
  • Free Standing Fireplace
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Schools

  • Estes Park Elementary And Middle School
  • Estes Park High School

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number R0530611

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Reclamation Subdivision

Building Details

  • Gross Income $3,468
  • Net Operating Income $1,648

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,820

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Year Built: 1939
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.28
  • Subdivision Name: Reclamation
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2431
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family, Multi-Family
  • Private Spa: No
  • Appliances: All Appliances
  • Has Basement: None
  • Total Bedrooms: 3
  • Fireplace Features: Free Standing
  • Fireplace: Yes
  • Interior Amenities: Eat-in Kitchen
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Heating: Forced Air
  • Utilities: Natural Gas Available
  • Heating Yn: Yes
  • Water Source: City Water, town of Estes Park
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Estes Park
  • HighSchool: Estes Park
  • Junior High Dist: Estes Park District
  • Middle Or Junior School: Estes Park

Lot Info

  • Zoning: 1 Res
  • Lot Size Sq Ft: 12096
  • Parcel #: R0530611
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1820

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 3467.5
  • Income Includes: ["Lease/Rents"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2021
Sold by
Aamodt Rannveig
Bought by
Chapos Hus Llc
Current Estimated Value
$693,678

Purchase Details

Listed on
Jul 11, 2019
Closed on
Aug 21, 2019
Sold by
Logue Walter
Bought by
Aamodt Rannveig
Seller's Agent
Dana Walker
Compass - Boulder
Buyer's Agent
Julia Daley
McCann Real Estate
List Price
$430,000
Sold Price
$433,000
Premium/Discount to List
$3,000
0.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.91%
Original Mortgage
$324,750
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 11, 2019
Closed on
Jul 22, 2019
Sold by
Logue Walter L and Katchian Anachid
Bought by
Logue Walter
Seller's Agent
Dana Walker
Compass - Boulder
Buyer's Agent
Julia Daley
McCann Real Estate
List Price
$430,000
Sold Price
$433,000
Premium/Discount to List
$3,000
0.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,750
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2014
Sold by
Wilder Shane and Wilder Amy
Bought by
Logue Walter L and Katchian Anahid

Purchase Details

Closed on
Mar 28, 2003
Sold by
Brand Melvin L and Brand Peggy M
Bought by
Wilder Shane and Wilder Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 1, 1976
Bought by
Brand Melvin L and Brand Peggy M
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
Chapos Hus Llc -- None Available
Aamodt Rannveig $433,000 Heritage Title Co
Logue Walter -- None Available
Logue Walter L $270,000 Heritage Title
Wilder Shane $250,000 Landamerica Lawyers Title
Brand Melvin L $34,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aamodt Rannveig $324,750
Previous Owner Wilder Shane $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2019 11/20/19 Off Market $433,000 -- --
08/21/2019 08/21/19 Sold $433,000 +0.7% $178 / Sq Ft
07/15/2019 07/15/19 Pending -- -- --
06/11/2019 06/11/19 For Sale $430,000 -- $177 / 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 $2,663 $40,046 $9,581 $30,465
2024 $2,618 $40,046 $9,581 $30,465
2022 $2,305 $30,178 $7,140 $23,038
2021 $2,418 $31,732 $7,508 $24,224
2020 $2,378 $30,803 $5,842 $24,961
2019 $2,364 $30,803 $5,842 $24,961
2018 $1,820 $22,996 $5,882 $17,114
2017 $1,830 $22,996 $5,882 $17,114
2016 $1,684 $22,431 $6,503 $15,928
2015 $1,702 $22,430 $6,500 $15,930
2014 $1,700 $22,980 $6,500 $16,480
Source: Public Records

Agents Affiliated with this Home

  • Dana Walker

    Seller's Agent in 2019

    Dana Walker

    Compass - Boulder

    (720) 325-0674

    45 Total Sales

    Dana Walker
    Section Image
  • Julia Daley

    Buyer's Agent in 2019

    Julia Daley

    McCann Real Estate

    (720) 937-0806

    6 in this area

    11 Total Sales

    Julia Daley
    Section Image
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Map

Source: IRES MLS

MLS Number: 887927

IRES MLS

APN: 25302-07-008

Colorado Larimer County Estes Park 80517

231 3rd St, Estes Park, CO

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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