NOT LISTED FOR SALE

Estimated Value: $471,000

-- Bed
7 Baths
3,653 Sq Ft
$129/Sq Ft Est. Value

Last Sold December 02, 2016

Current estimated payment $2,691/month

28 Days on Market

About This Home

As of December 2016

Financial records available to qualified buyers. Super cash flow, 7 units, various sizes.

Last Agent to Sell the Property

Jerry Ciz

Coldwell Banker, The Property Exchange License #4767 Listed on: 07/06/2016

Coldwell Banker, The Property Exchange

Last Buyer's Agent

Rob Graham

Coldwell Banker, The Property Exchange License #13081

Coldwell Banker, The Property Exchange

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,759

Year Built

  • Built in 1916

Lot Details

  • 8,712

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3,653 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Additional Features

  • 8,712 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for electricity, gas, garbage removal, water
  • Assessor Parcel Number 11001008200040

Community Details

Overview

  • 7 Units
  • City Of Cheyenne Subdivision

Building Details

  • Gross Income $39,960
  • Net Operating Income $15,447

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,759

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Style: 2 STORY
  • Class: Multi-Family
  • Heating System: Gas Forced Air
  • Lot Size: 8712
  • Tax Database Id: 1
  • Type: 5-8 Plex
  • Annual Income: 39960
  • Total Sq Ft: 3653
  • Vacancy Percentage: 10%
  • Taxes: 1758.87
  • Tax Year: 2015
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • First Level Sq Ft: 2853
  • Second Level Sq Ft: 800
  • Appliances: Refrigerator, Range/Oven

Exterior Features

  • Acreage: 0.2
  • Construction: Frame
  • Roof: Composition/Asphalt
  • Water: Public (City) Water

Utilities

  • Sewer: City Sewer

Lot Info

  • Geo Subdivision: WY

Rental Info

  • Owner Pays: Electricity, Gas, Garbage Removal, Water

Multi Family

  • No. of Units: 7
  • Annual Expenses: 24513
  • Net Operating Income: 15447

Tax Info

  • Assessor Parcel Number: 11001008200040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2020
Sold by
J & E Real Estate Ventures Llc
Bought by
Patchwork Real Estate Llc
Current Estimated Value
$471,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,444
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2018
Sold by
Magic City Rentals Llc
Bought by
J E Real Estate Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
4.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 20, 2016
Sold by
H&S Property Services Llc
Bought by
Magic City Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
3.52%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 2, 2005
Sold by
Smith Harold S and Smith Sandra C
Bought by
H&S Property Services Llc

Purchase Details

Closed on
Aug 22, 2000
Sold by
Hottenstein Glenn A
Bought by
H & G Development Company

Purchase Details

Closed on
Aug 15, 2000
Sold by
Gottlieb Daniel M
Bought by
Smith Harold Stephen and Smith Sandra Carol
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
Patchwork Real Estate Llc -- None Available
J E Real Estate Ventures Llc -- None Available
Magic City Rentals Llc -- First American Title
H&S Property Services Llc -- --
H & G Development Company -- --
Smith Harold Stephen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patchwork Real Estate Llc $536,250
Closed Patchwork Real Estate Llc $326,444
Previous Owner J E Real Estate Ventures Llc $273,000
Previous Owner Magic City Rentals Llc $123,750
Previous Owner H & S Property Services Llc $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2016 12/02/16 Sold -- -- --
08/03/2016 08/03/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $175,000 -- $48 / Sq Ft
Source: Cheyenne Board of REALTORS®

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 $1,725 $28,458 $4,493 $23,965
2024 $1,725 $24,400 $4,493 $19,907
2023 $1,758 $24,862 $4,493 $20,369
2022 $1,789 $24,788 $4,493 $20,295
2021 $1,596 $22,066 $4,493 $17,573
2020 $1,593 $22,081 $4,493 $17,588
2019 $1,621 $22,454 $4,493 $17,961
2018 $1,568 $21,920 $4,372 $17,548
2017 $1,533 $21,246 $4,372 $16,874
2016 $1,739 $24,092 $4,372 $19,720
2015 $1,759 $24,351 $4,372 $19,979
2014 $1,206 $16,592 $4,372 $12,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cheyenne Board of REALTORS®

MLS Number: 64790

Cheyenne Board of REALTORS®

APN: 1-1001-0082-0004-0