NOT LISTED FOR SALE

Estimated Value: $568,000 - $1,045,000

3 Beds
1 Bath
2,016 Sq Ft
$426/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $815,000 $404 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,994/month

23 Days on Market

Highlights

  • City View
  • Deck
  • No HOA
  • Open Floorplan
  • Contemporary Architecture
  • Double Pane Windows

About This Home

As of August 2017

Charming and extremely well maintained Daylight level and upstairs duplex, in the heart of Old Town. Totally renovated, Legal duplex. Featuring 6 total bedrooms and 2 baths, (3/1 up and 3/1 main level). All new flooring, kitchens, heating, water heaters, doors & paint. One of the most popular Short Term Rentals in Old Town, 5 Star Hosts. Gross Income: $90,000 / year. STR License can transfer to new owner. Seller willing to sell furnished & continue managing for a fee. Complete turn key STR!

Last Agent to Sell the Property

Emily Heinz

Downtown Real Estate Brokers Listed on: 08/08/2017

Last Buyer's Agent

Emily Phillips

Equity Colorado-Front Range

Equity Colorado-Front Range

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,911

Year Built

  • Built in 1984

Lot Details

  • 6,482 Sq Ft Lot
  • West Facing Home
  • Partially Fenced Property
  • Wood Fence

Parking

  • Alley Access

Home Design

  • Duplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,016 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • City Views
  • Natural lighting in basement

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outdoor Storage

Schools

  • Putnam Elementary School
  • Lincoln Middle School
  • Poudre High School

Utilities

  • Air Conditioning
  • Baseboard Heating
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number R0029459

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Old Town West Side Subdivision

Building Details

  • Gross Income $90,000
  • Net Operating Income $83,289

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,911

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Year Built: 1984
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.15
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Old Town West Side
  • Directions: From Mountain and College: West on Mountain to Grant, North past Maple, property on the right (East) side of Grant.
  • Architectural Style: Contemporary/Modern
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Structure Type: Legal Conforming, Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2016
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Has Basement: Daylight
  • Total Bedrooms: 3
  • Interior Amenities: Satellite Avail, High Speed Internet, Open Floorplan
  • Window Features: Window Coverings, Double Pane Windows
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial, Wood
  • Lot Features: Curbs, Gutters, Within City Limits
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Direction Faces: West
  • Other Structures: Storage
  • Patio And Porch Features: Deck
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Cooling: Room Air Conditioner, Ceiling Fan(s)
  • Electric: Electric, City of FC
  • Heating: Baseboard
  • Utilities: Electricity Available, Cable Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of FC

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Putnam
  • HighSchool: Poudre
  • Junior High Dist: Poudre
  • Middle Or Junior School: Lincoln

Lot Info

  • Zoning: NCM
  • Lot Size Sq Ft: 6482
  • Parcel #: R0029459
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: None

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 1911.19

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 90000
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 6711.19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2019
Sold by
Tandem Holdings Llc
Bought by
Johnson Taylor Family Properties Lllp
Current Estimated Value
$858,555

Purchase Details

Closed on
Aug 8, 2018
Sold by
Phillips Brian and Phillips Emily A
Bought by
Tandem Holdings Llc

Purchase Details

Listed on
Aug 8, 2017
Closed on
Sep 15, 2017
Sold by
Tandem Holdings Llc
Bought by
Phillips Brian and Phillips Emily A
Seller's Agent
Emily Heinz
Downtown Real Estate Brokers
Buyer's Agent
Emily Phillips
Equity Colorado-Front Range
List Price
$750,000
Sold Price
$815,000
Premium/Discount to List
$65,000
8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.65%
Original Mortgage
$15,625
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Listed on
Aug 8, 2017
Closed on
Aug 31, 2017
Sold by
Johnson Matthew P and Johnson Amy Beth
Bought by
Tandem Holdings Llc
Seller's Agent
Emily Heinz
Downtown Real Estate Brokers
Buyer's Agent
Emily Phillips
Equity Colorado-Front Range
List Price
$750,000
Sold Price
$815,000
Premium/Discount to List
$65,000
8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,625
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 19, 2015
Sold by
Johnson Matthew P
Bought by
Johnson Matthew P and Johnson Amy Beth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,402
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 20, 2012
Sold by
Johnson Matthew P and Johnson Hillary G
Bought by
Johnson Matthew P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,020
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 31, 2009
Sold by
Johnson Mark S and Johnson Jane G
Bought by
Johnson Matthew P and Johnson Hillary G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,562
Interest Rate
5.16%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 29, 2001
Sold by
Hobbits Glenn Investments Llc
Bought by
Johnson Mark S and Johnson Jane G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
7.16%

Purchase Details

Closed on
Sep 22, 2000
Sold by
Eisaman Scott D and Burroughs Mitch M
Bought by
Hobbits Glenn Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
7.97%

Purchase Details

Closed on
Jul 20, 1998
Sold by
Berkley Brauch Richard L
Bought by
Moorman Leo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,344
Interest Rate
7.05%

Purchase Details

Closed on
Aug 1, 1994
Sold by
Brauch Mary L
Bought by
Brauch Virginia C
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Johnson Taylor Family Properties Lllp $842,500 Land Title Guarantee Co
Tandem Holdings Llc -- Land Title Guarantee Co
Phillips Brian -- Land Title Guarantee
Tandem Holdings Llc $815,000 Land Title Guarantee Company
Johnson Matthew P -- Unified Title Company Of Nor
Johnson Matthew P -- Land Title Guarantee Company
Johnson Matthew P $245,000 Security Title
Johnson Mark S $189,000 Land Title Guarantee Company
Hobbits Glenn Investments Llc -- Land Title Guarantee Company
Burroughs Mitch M $180,000 Land Title Guarantee Company
Moorman Leo $151,680 --
Brauch Virginia C $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phillips Emily A $580,000
Previous Owner Tandem Holdings Llc $15,625
Previous Owner Johnson Matthew P $305,402
Previous Owner Johnson Matthew P $230,020
Previous Owner Johnson Matthew P $240,562
Previous Owner Johnson Mark S $205,000
Previous Owner Johnson Mark S $151,200
Previous Owner Burroughs Mitch M $153,000
Previous Owner Moorman Leo $121,344
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Off Market $815,000 -- --
08/31/2017 08/31/17 Sold $815,000 +8.7% $404 / Sq Ft
08/08/2017 08/08/17 For Sale $750,000 -- $372 / 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 $4,239 $47,865 $6,030 $41,835
2024 $4,033 $47,865 $6,030 $41,835
2022 $3,782 $40,052 $6,120 $33,932
2021 $3,906 $42,114 $6,435 $35,679
2020 $3,081 $32,926 $6,435 $26,491
2019 $3,094 $32,926 $6,435 $26,491
2018 $2,569 $28,188 $6,480 $21,708
2017 $2,560 $28,188 $6,480 $21,708
2016 $1,911 $20,935 $7,164 $13,771
2015 $1,897 $20,930 $7,160 $13,770
2014 $1,542 $16,900 $3,980 $12,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 828981

IRES MLS

APN: 97112-28-020