NOT LISTED FOR SALE

Estimated Value: $574,552 - $687,000

4 Beds
2 Baths
1,744 Sq Ft
$359/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $661,000 $379 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,625/month

7 Days on Market

Highlights

  • 0.29 Acre Lot
  • Open Floorplan
  • Cul-De-Sac
  • Rocky Mountain High School Rated A-
  • No HOA
  • Brick Veneer

About This Home

As of April 2022

2924-2926 Rams Lane is a side-by-side duplex located in a sought-after west side location offering quick access to Horsetooth Reservoir & hiking/biking trails. Only 2.3 miles to CSU campus and 4.5 miles to all the shops and restaurants in Old Town. Both units feature 2-beds/1-bath and the living spaces do not share any walls with the neighboring unit, as the units are attached via one-car garages. Both of these units have very large, fenced backyards and patios that offer privacy in a pleasant outdoor environment at the end of a cul-de-sac. The interior of each unit offers full kitchen/dining/living areas, ample windows, and clothes washers/dryers in each unit. The units are separately metered for electric and gas utilities and feature high efficiency gas forced-air heat, central air, and tankless hot water heaters. Recent upgrades include LVT flooring (2018), interior paint (2018), clothes washers/dryers in each unit (2018), and rock / professional hardscaping at the exterior (2020).

Last Agent to Sell the Property

Greg Roeder

LIV Sotheby's Intl Realty Listed on: 03/08/2022

LIV Sotheby's Intl Realty

Last Buyer's Agent

Jeanette Meyer

RE/MAX Alliance-FTC South

RE/MAX Alliance-FTC South

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,585

Year Built

  • Built in 1975

Lot Details

  • 0.29 Acre Lot
  • Cul-De-Sac
  • Fenced

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,744 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Window Treatments

Kitchen

  • Electric Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Bauder Elementary School
  • Blevins Middle School
  • Rocky Mountain High School

Additional Features

  • Patio
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, trash collection
  • Assessor Parcel Number R1606751

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Stadium Heights Subdivision

Building Details

  • Gross Income $39,242
  • Net Operating Income $27,821

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,585

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Year Built: 1975
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.29
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: STADIUM HEIGHTS
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family, Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator, Washer, Dryer, Disposal
  • Has Basement: None
  • Total Bedrooms: 4
  • Interior Amenities: Open Floorplan
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • Lot Features: Curbs, Gutters, Sidewalks, Cul-De-Sac
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer, Vinyl Siding
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Central Air
  • Electric: Electric, City of FTC
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Fort Collins
  • Gas Company: Natural Gas, Xcel Energy

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Bauder
  • HighSchool: Rocky Mountain
  • Junior High Dist: Poudre
  • Middle Or Junior School: Blevins

Lot Info

  • Zoning: NCM
  • Lot Size Sq Ft: 12637
  • Parcel #: R1606751
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Trash Collection

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2585

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 39242.25
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 11421.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2022
Closed on
Apr 8, 2022
Sold by
Renaissance Development Company Fund I L
Bought by
Brubaker Tom L and Brubaker Karen R
Seller's Agent
Greg Roeder
LIV Sotheby's Intl Realty
Buyer's Agent
Jeanette Meyer
RE/MAX Alliance-FTC South
List Price
$625,000
Sold Price
$661,000
Premium/Discount to List
$36,000
5.76%
Total Days on Market
7
Current Estimated Value
$626,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,612
Avg. Annual Appreciation
-1.80%
Original Mortgage
$495,750
Outstanding Balance
$467,984
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$156,282

Purchase Details

Closed on
Jun 1, 2018
Sold by
The Housing Authority Of The City Of For
Bought by
Renaissance Development Comapny Fund I L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
4.4%
Mortgage Type
Credit Line Revolving
Source: Public Records

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Range of Values:

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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
Brubaker Tom L $661,000 Land Title
Renaissance Development Comapny Fund I L $365,000 Land Title Guarantee Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brubaker Tom L $495,750
Previous Owner Renaissance Development Comapny Fund I L $273,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2022 04/08/22 Sold $661,000 +5.8% $379 / Sq Ft
03/08/2022 03/08/22 For Sale $625,000 -- $358 / 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 $3,606 $40,743 $3,685 $37,058
2024 $3,432 $40,743 $3,685 $37,058
2022 $2,585 $26,085 $3,740 $22,345
2021 $2,585 $27,428 $3,933 $23,495
2020 $2,779 $29,237 $72 $29,165
2019 $2,791 $29,237 $72 $29,165
2018 $523 $9,717 $155 $9,562
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 960279

IRES MLS

APN: 97212-24-011