Faith Young
Keller Williams Advantage Realty LLC
(720) 459-9538
328 Total Sales
2 in Evans
$37,000 Price Range
2911 State Farm Rd Evans, CO 80620
Evans Area
10
Beds
6
Baths
4,844
Sq Ft
0.29
Acre Lot
Highlights
- City View
- No HOA
- Brick Veneer
- Tudor Architecture
- Balcony
- Air Conditioning
About This Home
As of October 2024Check out this fantastic investment opportunity in Evans! This four-unit property offers comfortable living for tenants and profits for the owner. Property under leased - time for a more active owner to bring out the financial capabilities of this investment, with a potential Cap rate of 6.98%. Each unit has a window A/C, and a domestic boiler heats the building. This 4-plex in Northern Colorado is a great investment opportunity with 10 bedrooms and 6 bathrooms, making it the best value in Northern Colorado. Constructed with 80% brick and recently upgraded with a new roof featuring Class 4 shingles, new gutters, fresh paint, and modern garage doors with openers, the property is designed for long-term durability and minimal maintenance. The consistent occupancy rate since 2016, with no vacancies and no need for active listings, underscores its rental solid demand. 2 oversized single-car garages attached to the 3/2 units add further value, making it an ideal choice for tenants seeking convenience and space. Additionally, being 1 block from the charter elementary school attracts families looking for educational opportunities, and 2 blocks from the fantastic Monfort Family Clinic and grocery store creates a walkable environment to enhance its rental appeal. This 4-plex is more than just an investment - it's a pathway to building lasting wealth.
Last Agent to Sell the Property
All Avenue Luxury- eXp License #100076080 Listed on: 08/17/2024
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,308
Year Built
- Built in 1970
Lot Details
- 12,630 Sq Ft Lot
Home Design
- Tudor Architecture
- Brick Veneer
- Wood Frame Construction
- Composition Roof
Interior Spaces
- 4,844 Sq Ft Home
- 2-Story Property
- Window Treatments
- City Views
- Self-Cleaning Oven
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Outdoor Features
- Balcony
- Patio
Schools
- Centennial Elementary School
- Chappelow Middle School
- Greeley Central High School
Utilities
- Air Conditioning
- Hot Water Heating System
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number R3877286
Community Details
Overview
- No Home Owners Association
- 4 Units
- Lakeshore Subdivision
Building Details
- Gross Income $63,600
- Net Operating Income $45,296
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 17, 2024
Closed on
Oct 2, 2024
Sold by
Bought by
Seller's Agent
Nikki Dishneau
All Avenue Luxury- eXp
Buyer's Agent
Yadira Carrillo
Colorado Dream Homes Realty
List Price
$649,000
Sold Price
$660,000
Premium/Discount to List
$11,000
1.69%
Views
39
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Outstanding Balance
$485,002
Interest Rate
6.46%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 20, 2016
Closed on
Mar 13, 2017
Sold by
Bought by
Seller's Agent
Fernando Martinez
Kima Real Estate
Buyer's Agent
Jason Grentz
C3 Real Estate Solutions, LLC
List Price
$460,000
Sold Price
$400,000
Premium/Discount to List
-$60,000
-13.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
Original Mortgage
$300,000
Interest Rate
4.19%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 31, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
7.07%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 21, 1993
Sold by
Bought by
Purchase Details
Closed on
Mar 31, 1992
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Evans, CO
-
Faith Young
-
Brian Margolis
Brian Margolis
eXp Realty LLC
(720) 807-5225
119 Total Sales
1 in Evans
$400,000 Price
-
Jorge Chavez
Jorge Chavez
RE/MAX inMotion
(720) 741-6584
293 Total Sales
7 in Evans
$350K - $465K Price Range
-
Jeff Zoerb
Jeff Zoerb
Guardian Alliance Realty
(720) 452-6384
90 Total Sales
1 in Evans
$410,000 Price
-
Mike Skelton Jr.
Mike Skelton Jr.
Legacy 100 Real Estate Partners LLC
(720) 902-7440
42 Total Sales
2 in Evans
$380,000 Price Range
-
Adam Mayfield
Adam Mayfield
Jade Real Estate
(720) 706-2940
66 Total Sales
3 in Evans
$460K - $471K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $660,000 | First American Title | ||
| $40,000 | Stewart Title | ||
| $250,000 | -- | ||
| $12,500 | -- | ||
| $125,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $495,000 | ||
| Previous Owner | -- | ||
| Previous Owner | $297,800 | ||
| Previous Owner | $300,000 | ||
| Previous Owner | $145,000 | ||
| Previous Owner | $203,000 | ||
| Previous Owner | $203,000 | ||
| Previous Owner | $100,000 | ||
| Previous Owner | $45,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/02/2024 10/02/24 | Sold | $660,000 | +1.7% | $136 / Sq Ft | |
| 08/17/2024 08/17/24 | For Sale | $649,000 | +62.3% | $134 / Sq Ft | |
| 01/28/2019 01/28/19 | Off Market | $400,000 | -- | -- | |
| 03/13/2017 03/13/17 | Sold | $400,000 | -13.0% | $83 / Sq Ft | View Prior Sale |
| 02/11/2017 02/11/17 | Pending | -- | -- | -- | |
| 06/20/2016 06/20/16 | For Sale | $460,000 | -- | $95 / Sq Ft |
Source: IRES MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $4,251 | $40,400 | $6,960 | $33,440 |
| 2025 | $3,455 | $41,250 | $7,100 | $34,150 |
| 2024 | $3,455 | $41,250 | $7,100 | $34,150 |
| 2023 | $3,308 | $41,400 | $5,980 | $35,420 |
| 2022 | $2,775 | $29,220 | $5,800 | $23,420 |
| 2021 | $2,925 | $30,720 | $6,100 | $24,620 |
| 2020 | $2,896 | $30,510 | $6,100 | $24,410 |
| 2019 | $2,903 | $30,510 | $6,100 | $24,410 |
| 2018 | $2,138 | $23,600 | $5,460 | $18,140 |
| 2017 | $2,148 | $23,600 | $5,460 | $18,140 |
| 2016 | $1,627 | $19,900 | $4,670 | $15,230 |
| 2015 | $1,621 | $19,900 | $4,670 | $15,230 |
| 2014 | $1,181 | $14,170 | $3,020 | $11,150 |
Source: Public Records
Agents Affiliated with this Home
-
Nikki Dishneau
Seller's Agent in 2024
Nikki Dishneau
All Avenue Luxury- eXp
(970) 646-3013
90 Total Sales
-
Yadira Carrillo
Buyer's Agent in 2024
Yadira Carrillo
Colorado Dream Homes Realty
63 Total Sales
-
F
Seller's Agent in 2017
Fernando Martinez
Kima Real Estate
-
Jason Grentz
Buyer's Agent in 2017
Jason Grentz
C3 Real Estate Solutions, LLC
(970) 699-0238
14 Total Sales
Map
Source: IRES MLS
MLS Number: IRE1017674
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.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID
Listings courtesy of IRES MLS as distributed by MLS GRID
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