NOT LISTED FOR SALE

2626 Patterson Rd Unit A, B, C & D Grand Junction, CO 81506

North Grand Junction Neighborhood

Estimated Value: $559,000 - $572,000

8 Beds
5 Baths
4,250 Sq Ft
$133/Sq Ft Est. Value

Last Sold October 19, 2020

Last sale price $375,000 $88 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,199/month

Highlights

  • 1.53 Acre Lot
  • Tile Flooring
  • Forced Air Heating System
  • Ranch Style House
  • Landscaped
  • Baseboard Heating

About This Home

As of October 2020

An excellent opportunity for redevelopment of 1.5 AC lot zoned R-5 with an easement for possible alternate access. Four existing single-family units from 210 sf - 2,130 sf that could provide income while redevelopment is in progress. Property to be sold in an "AS-IS" condition. Patterson Road location between 1st & 7th Streets. Close proximity to St. Mary’s Medical Center. Year of construction from 1900 - 1945. Structure measurements are all approximate. Each building varies in features and appliances. All information to be verified by buyer.

Last Agent to Sell the Property

Michael Park

THE CHRISTI REECE GROUP License #FA100028342 Listed on: 01/17/2018

Co-Listed By

Tim Whitney

COLDWELL BANKER COMMERCIAL PRIME PROPERTIES License #EI975235

Last Buyer's Agent

Kent Slawson

FLAT FIVE REALTY License #ER100078084

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,662

Year Built | Renovated

  • 1900 | 1945

Lot Details

  • 1.53 Acre Lot
  • Lot Dimensions are 175 x 385
  • Landscaped

Home Design

  • Ranch Style House
  • Slab Foundation
  • Stem Wall Foundation
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Asphalt Roof
  • Wood Siding

Flooring

  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 2 Car Garage
  • Carport

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Electric Oven or Range
  • Partial Basement

Community Details

  • 4,250 Sq Ft Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,662

Year Built | Renovated

1900 | 1945

Lot Details

0

Listing Details

  • Construction: Wood Frame
  • Current Use: Multi Family
  • Elevation: 4585
  • Fronts: S
  • Gas Company: Xcel
  • Heating Type: Baseboard, Forced Air, Hot Water, Natural Gas
  • How Built: Site Built
  • Lot Dimensions: 175 x 385
  • Lvt Date: 01/23/2018
  • Property Type: Multi-Family
  • Real Estate Incl: Yes
  • Sewer: Sewer Installed
  • Sewer Company: City Of Gj
  • Street Desc Access: City/Town, Paved
  • Style: Ranch
  • Taxes: 1662
  • Tax Year: 2017
  • Total Acres: 1.53
  • Water: City Water
  • Zoning: R5
  • Total Building Sq Ft: 4250
  • Garage Capacity: 2
  • Garage Type: Carport
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900
  • Year Renovated: 1945

Interior Features

  • Total Number Bedrooms: 8
  • Appliances: Dishwasher-Some, Electric Range/Oven-All, Refrigerator-All
  • Basement Foundation: Partial Basement, Slab, Stem Wall
  • Floor: Concrete, Tile
  • Bathrooms: 5
  • Price Per Sq Ft: 88.24
  • Fireplaces: Fireplace(s)-Some

Exterior Features

  • Landscaping: Landscaped Front
  • Exterior Siding: Wood
  • Roof: Asphalt Composition, Tar/Gravel

Utilities

  • Cooling Type: Evaporative Cooler
  • Electric Company: Xcel
  • Water Company: City of GJ
  • Laundry: W/D Hookups In Some Units

Schools

  • Elementary School: Tope
  • Middle School: West
  • High School: Grand Junction

Lot Info

  • Lot Description: 150' + Frontage
  • Lot Size: D: 1-1.99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2018
Closed on
Oct 16, 2020
Sold by
W & D Merkel Family Ltd Liability Lp
Bought by
Beaver Carol
Seller's Agent
Michael Park
THE CHRISTI REECE GROUP
Buyer's Agent
Kent Slawson
FLAT FIVE REALTY
List Price
$395,000
Sold Price
$375,000
Premium/Discount to List
-$20,000
-5.06%
Current Estimated Value
$564,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,873
Avg. Annual Appreciation
8.56%
Original Mortgage
$235,000
Outstanding Balance
$208,639
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$356,234

Purchase Details

Closed on
Sep 20, 2004
Sold by
Merkel William D
Bought by
W & D Merkel Family Lllp

Purchase Details

Closed on
Jan 15, 1996
Sold by
Boyer Angela R
Bought by
W & D Merkel Family Limited Liability

Purchase Details

Closed on
Jan 7, 1994
Sold by
Boyer Edward L
Bought by
W & D Merkel Family Limited Liability

Purchase Details

Closed on
Mar 24, 1992
Sold by
Williams Raymond R
Bought by
W & D Merkel Family Limited Liability
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
Beaver Carol $375,000 None Available
W & D Merkel Family Lllp -- --
W & D Merkel Family Limited Liability $170,000 --
W & D Merkel Family Limited Liability -- --
W & D Merkel Family Limited Liability $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beaver Carol $235,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2020 10/19/20 Sold $375,000 -5.1% $88 / Sq Ft
08/29/2020 08/29/20 Pending -- -- --
03/27/2020 03/27/20 For Sale $395,000 0.0% $93 / Sq Ft
02/26/2020 02/26/20 Pending -- -- --
07/13/2018 07/13/18 For Sale $395,000 0.0% $93 / Sq Ft
07/09/2018 07/09/18 Pending -- -- --
01/26/2018 01/26/18 Price Changed $395,000 -16.8% $93 / Sq Ft
01/17/2018 01/17/18 For Sale $475,000 -- $112 / Sq Ft
Source: Grand Junction Area REALTOR® Association

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
2024 $2,442 $34,540 $13,620 $20,920
2023 $2,442 $34,540 $13,620 $20,920
2022 $2,811 $38,990 $12,160 $26,830
2021 $2,820 $40,110 $12,510 $27,600
2020 $2,262 $32,920 $8,940 $23,980
2019 $2,139 $32,920 $8,940 $23,980
2018 $1,873 $26,290 $7,920 $18,370
2017 $1,726 $26,290 $7,920 $18,370
2016 $1,726 $27,300 $9,150 $18,150
2015 $1,748 $27,300 $9,150 $18,150
2014 $1,677 $26,390 $8,360 $18,030
Source: Public Records

Agents Affiliated with this Home

  • Michael Park

    Seller's Agent in 2020

    Michael Park

    THE CHRISTI REECE GROUP

    (970) 589-7700

    4 in this area

    16 Total Sales

    Michael Park
    Section Image
  • Tim Whitney

    Seller Co-Listing Agent in 2020

    Tim Whitney

    COLDWELL BANKER COMMERCIAL PRIME PROPERTIES

    (970) 549-2213

    2 in this area

    16 Total Sales

    Tim Whitney
    Section Image
  • Kent Slawson

    Buyer's Agent in 2020

    Kent Slawson

    FLAT FIVE REALTY

    (970) 985-2523

    11 in this area

    75 Total Sales

    Kent Slawson
    Section Image
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Map

Source: Grand Junction Area REALTOR® Association

MLS Number: 20180457

Grand Junction Area REALTOR® Association

APN: 2945-023-00-037

Colorado Mesa County Grand Junction 81506 North Grand Junction

2626 Patterson Rd Unit A, B, C & D, Grand Junction, CO

This home is located at 2626 Patterson Rd Unit A, B, C & D, Grand Junction, CO 81506 since 17 January 2018 and is currently estimated at $564,873, approximately $132 per square foot. This property was built in 1900. 2626 Patterson Rd Unit A, B, C & D is a home located in Mesa County with nearby schools including Tope Elementary School, West Middle School, and Grand Junction 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.

Grand Junction Area REALTOR® Association IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.

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