NOT LISTED FOR SALE

312 1st St Severance, CO 80546

Severance Area

Estimated Value: $949,318

2 Beds
3 Baths
7,835 Sq Ft
$121/Sq Ft Est. Value

Sale Details

Date Sold: June 14, 2024

Last sale price $975,000 $124 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,409 / mo

103 Days on Market

Highlights

  • RV Garage
  • 0.69 Acre Lot
  • No HOA
  • City View
  • Private Yard
  • Utility Sink

About This Home

As of June 2024

Live and work in this incredible mixed-use property on 1st street in the heart of Severance Colorado. This one of a kind property blends historical character with modern amenities. With three separate units, two residential and one industrial, this property will immediately generate income and provide long-term redevelopment potential. Main floor residential unit is 1BR, 2BA with full kitchen, office, washer/dryer hookups and spacious living area. Upstairs, a separate, modern studio apartment with kitchenette and updated 3/4 bath has a long history as a short term rental with over 260 occupied nights in 2023. Residential units share access to outdoor patio space with hot tub hookups, garden shed, and parking spaces for two RVs or travel trailers. The residential portion is separated from the industrial unit by a 2hr fire wall and a lobby/storage area with fire suppression system that protects the entire residential portion of the property. The Industrial unit totals 4,837SF of which, 3,570SF is a fully insulated and heated shop w/new 13ft overhead roll up door, overhead radiant heating, new lighting, and a private bathroom with shower. Entire building's insulation was updated w/closed cell foam. Stub ins for second bathroom are available. 400 amp electrical service is newly updated from recent tenant finish. 1,267SF of unconditioned storage space is immediately adjacent to main shop with an exterior 10ft overhead roll up door and interior access directly to main shop by man door. Industrial space includes 16,000SF fully fenced storage yard with access from both 3rd ave and 2nd st. Entire parcel consists of 8 city lots with an additional sewer drop on 3rd st for future building/development.

Last Agent to Sell the Property

The Barefoot Team

RE/MAX Advanced Inc. Brokerage Phone: 970-281-5049 Listed on: 02/01/2024

Co-Listed By

Sean Hudgens

RE/MAX Advanced Inc. Brokerage Phone: 970-281-5049 License #100082510

Last Buyer's Agent

Trent McFall

CBRE Inc License #100070685

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,443

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 30,056 Sq Ft Lot
  • Property is Fully Fenced
  • Landscaped
  • Level Lot
  • Front Yard Sprinklers
  • Private Yard
  • Garden
  • Subdivision Possible

Parking

  • 17 Car Attached Garage
  • Heated Garage
  • Insulated Garage
  • RV Garage

Home Design

  • Triplex
  • Metal Roof
  • Metal Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 7,835 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Entrance Foyer
  • City Views
  • Utility Sink
  • Laundry on main level

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • In-Law or Guest Suite
  • 3 Bathrooms

Schools

  • Range View Elementary School
  • Severance Middle School
  • Severance High School

Utilities

  • Central Air
  • Heat Pump System
  • Baseboard Heating
  • Radiant Heating System
  • Three-Phase Power
  • 220 Volts
  • 220 Volts in Garage
  • 110 Volts

Additional Features

  • Garage doors are at least 85 inches wide
  • Energy-Efficient Insulation
  • Patio

Listing and Financial Details

  • Exclusions: All items of Seller's and Tenant's personal property
  • Tenant pays for electricity, gas, grounds care, water
  • Assessor Parcel Number 070536307013

Community Details

Overview

  • No Home Owners Association
  • Severance Town Subdivision

Building Details

  • Operating Expense $23,543

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,443

Year Built

Built in 1948 | Remodeled

Lot Details

0.69 Acres

Parking

17

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Structure Type: Triplex
  • Levels: Two
  • Year Built: 1948
  • Above Grade Finished Sq Ft: 7835
  • Current Use: Live/Work
  • Exclusions: All items of Seller's and Tenant's personal property
  • Living Area: 7835
  • Property Condition: Updated/Remodeled
  • SubdivisionName: Severance Town
  • Co List Office Mls Id: RECFC025
  • Ownership: Individual
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Builder
  • REC_ExpectedActiveDate: 2024-01-24
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.90698
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Entrance Foyer, In-Law Floor Plan, Utility Sink
  • Flooring: Carpet, Vinyl
  • Basement: No
  • Total Bedrooms: 2

Exterior Features

  • Roof: Metal
  • Construction Materials: Concrete, Metal Siding
  • View: City
  • Exterior Features: Garden, Private Yard
  • Patio and Porch Features: Patio

Garage/Parking

  • Parking Features: 220 Volts, Heated Garage, Insulated Garage, Oversized Door, RV Garage
  • Attached Garage: Yes
  • Garage Spaces: 17
  • Total Parking Spaces: 17

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Sewer: Public Sewer
  • Cooling: Central Air, Other
  • Heating: Baseboard, Heat Pump, Radiant
  • Water Source: Public
  • Electric: 110V, 220 Volts, Phase 3
  • Laundry Features: In Unit, Main Level

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Fee Information

  • Operating Expense: 23543.15

Schools

  • Middle Or Junior School: Severance

Lot Info

  • Parcel Number: 070536307013
  • Lot Size Acres: 0.69
  • Fencing: Full
  • Building Area Total: 7835
  • Lot Features: Landscaped, Level, Sprinklers In Front, Subdividable
  • Lot Size Sq Ft: 30056.4
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Insulation

Rental Info

  • Tenant Pays: Electricity, Gas, Grounds Care, Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9443.15

MLS Schools

  • Elementary School: Range View
  • High School: Severance

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
Feb 1, 2024
Closed on
Jun 14, 2024
Sold by
Bought by
Seller's Agent
The Barefoot Team
RE/MAX Advanced Inc.
Buyer's Agent
Trent McFall
CBRE Inc
List Price
$1,075,000
Sold Price
$975,000
Premium/Discount to List
-$100,000
-9.3%
Views
42
Current Estimated Value
$949,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,682
Avg. Annual Appreciation
-1.28%

Purchase Details

Closed on
Mar 26, 2015
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
$85,000
Interest Rate
0.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 2, 1988
Sold by
Bought by

Purchase Details

Closed on
Oct 27, 1977
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$975,000 Fidelity National Title
$285,000 Land Title Guarantee Company
$45,000 --
-- --
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
Previous Owner $650,000
Previous Owner --
Previous Owner $285,000
Previous Owner $85,000
Previous Owner $200,000
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
06/14/2024 06/14/24 Sold $975,000 -9.3% $124 / Sq Ft
02/01/2024 02/01/24 For Sale $1,075,000 -- $137 / Sq Ft
Source: REcolorado®

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 -- $252,210 $62,400 $189,810
2025 $3,018 $261,910 $64,800 $197,110
2024 $3,018 $261,910 $64,800 $197,110
2023 $7,441 $96,690 $56,990 $39,700
2022 $7,788 $79,740 $35,240 $44,500
2021 $3,639 $41,110 $10,730 $30,380
2020 $2,794 $32,180 $7,960 $24,220
2019 $2,770 $32,180 $7,960 $24,220
2018 $2,108 $23,180 $5,530 $17,650
2017 $2,230 $23,180 $5,530 $17,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 4095418

REcolorado®

APN: R0754986

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