NOT LISTED FOR SALE

3002 Butternut Dr Loveland, CO 80538

Estimated Value: $402,710 - $552,000

5 Beds
2 Baths
1,847 Sq Ft
$270/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $487,000 $264 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,811/month

3 Days on Market

Highlights

  • City View
  • No HOA
  • Forced Air Heating and Cooling System
  • Corner Lot
  • Eat-In Kitchen
  • Satellite Dish

About This Home

As of February 2022

This duplex is as clean as a whistle! 3002 & 3004 Butternut Drive in Loveland. One unit is 2 bed/1 bath, the other has 3 bed/1 bath. Both units had new furnaces 4 months ago, and a new sprinkler system was installed in the fall. Exterior is part brick and part siding, the siding was replaced 3 years ago, roof 6 years ago, and both kitchens were redone 4 years ago. Each side has a shared primary bath, laundry hookups, fenced yard and A/C. Would work for an investor or primary resident that wants to live in one side and rent the other. Tenants covered electric, gas and snow removal. Owner covered water/sewer and lawn maintenance. They were under-charging at $1,300 per unit per month. Showings begin Saturday January 29

Last Agent to Sell the Property

Rhonda Heth

RE/MAX Alliance-FTC South Listed on: 01/28/2022

RE/MAX Alliance-FTC South

Last Buyer's Agent

Robert Mygatt

Group Harmony

Group Harmony

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,077

Year Built

  • Built in 1964

Lot Details

  • 8,753 Sq Ft Lot
  • Chain Link Fence
  • Corner Lot
  • Sprinkler System

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,847 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • City Views
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Schools

  • Lincoln Elementary School
  • Erwin Middle School
  • Loveland High School

Utilities

  • Forced Air Heating and Cooling System
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number R0351903

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Sunset Acres Subdivision

Building Details

  • Gross Income $31,200
  • Net Operating Income $25,114

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,077

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Year Built: 1964
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.2
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Sunset Acres
  • Directions: From 287/Garfield and 29th Street: West on 29th Street, turn North on Sheridan Avenue, turn East on Butternut Drive. Property is on the corner of Sheridan Avenue and Butternut Drive.
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Structure Type: Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1847
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: Crawl Space
  • Total Bedrooms: 5
  • Interior Amenities: Satellite Avail, Eat-in Kitchen
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced, Chain Link
  • Lot Features: Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Corner Lot
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Exterior Features: Lighting
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Central Air
  • Electric: Electric, City of LVLD
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Loveland
  • Gas Company: Natural Gas, Xcel Energy

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Lincoln
  • HighSchool: Loveland
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Erwin, Lucile

Lot Info

  • Zoning: R3e
  • Lot Size Sq Ft: 8753
  • Parcel #: R0351903
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2077

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 31200
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 6086

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2022
Closed on
Feb 18, 2022
Sold by
300 Butternut Drive Llc
Bought by
J4 Properties Llc
Seller's Agent
Rhonda Heth
RE/MAX Alliance-FTC South
Buyer's Agent
Robert Mygatt
Group Harmony
List Price
$430,000
Sold Price
$487,000
Premium/Discount to List
$57,000
13.26%
Current Estimated Value
$497,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,928
Avg. Annual Appreciation
0.60%

Purchase Details

Closed on
Jan 24, 2018
Sold by
Wilson Helen B and Wilson Martin S
Bought by
3002 04 Butternut Drive Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2014
Sold by
The Helen B Wilson Trust
Bought by
Wilson Helen B and Wilson Martin S

Purchase Details

Closed on
Sep 11, 1996
Sold by
Wilson Martin S
Bought by
The Helen B Wilson Trust
Source: Public Records

Range of Values:

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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
J4 Properties Llc $487,000 None Listed On Document
3002 04 Butternut Drive Llc -- None Available
Wilson Helen B -- None Available
The Helen B Wilson Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 3002 04 Butternut Drive Llc $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2022 05/19/22 Off Market $487,000 -- --
02/18/2022 02/18/22 Sold $487,000 +13.3% $264 / Sq Ft
01/29/2022 01/29/22 For Sale $430,000 -- $233 / 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 $2,402 $33,781 $3,015 $30,766
2024 $2,317 $33,781 $3,015 $30,766
2022 $1,974 $24,813 $3,060 $21,753
2021 $2,074 $26,091 $3,218 $22,873
2020 $1,878 $23,624 $3,218 $20,406
2019 $1,847 $23,624 $3,218 $20,406
2018 $1,552 $18,857 $3,240 $15,617
2017 $1,336 $18,857 $3,240 $15,617
2016 $1,270 $17,313 $3,582 $13,731
2015 $1,259 $17,310 $3,580 $13,730
2014 $1,063 $14,130 $3,580 $10,550
Source: Public Records

Agents Affiliated with this Home

  • Rhonda Heth

    Seller's Agent in 2022

    Rhonda Heth

    RE/MAX

    (970) 566-3516

    21 in this area

    61 Total Sales

    Rhonda Heth
    Section Image

  • R

    Buyer's Agent in 2022

    Robert Mygatt

    Group Harmony

    Section Image
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Map

Source: IRES MLS

MLS Number: 958160

IRES MLS

APN: 95024-14-019

Colorado Larimer County Loveland 80538

3002 Butternut Dr, Loveland, CO

This home is located at 3002 Butternut Dr, Loveland, CO 80538 since 28 January 2022 and is currently estimated at $497,928, approximately $269 per square foot. This property was built in 1964. 3002 Butternut Dr is a home located in Larimer County with nearby schools including Lincoln Elementary School, Lucile Erwin Middle School, and Loveland 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.

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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