NOT LISTED FOR SALE

320 S 3rd Ave Sterling, CO 80751

Estimated Value: $186,000 - $252,000

8 Beds
5 Baths
4,147 Sq Ft
$52/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $189,900 $46 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,165/month

27 Days on Market

Highlights

  • Corner Lot
  • Brick Veneer
  • Hot Water Heating System
  • No HOA

About This Home

As of May 2022

AMAZING POTENTIAL FOR A 5 UNIT INCOME PRODUCING PROPERTY. UNIT 304, EAST SIDE OF DUPLEX, IS ON A MONTH TO MONTH, 320 IS A 3 BEDROOM WHICH WILL BE AVAILABLE THE FIRST WEEK OF MARCH AND RENTED FOR $820, THE UPSTAIRS UNIT, 320.5 IS A ONE BEDROOM THAT WAS RENTED FOR $500 AND IS CURRENTLY AVAILABLE. THE BASEMENT OF THE HOUSE HAD BEEN AN APARTMENT YEARS AGO AND COULD BE TURNED INTO ANOTHER APARTMENT. THE WEST SIDE OF THE DUPLEX NEEDS SOME ATTENTION AND IS A ONE BEDROOM.

Last Agent to Sell the Property

Kimberly Fuller

Choice Real Estate Listed on: 02/24/2022

Last Buyer's Agent

Michele Owen

Sterling Homes LLC

Sterling Homes LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $782

Year Built

  • Built in 1920

Lot Details

  • 5,998 Sq Ft Lot
  • Corner Lot

Home Design

  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 4,147 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Basement Fills Entire Space Under The House
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Schools

  • Sterling Middle School
  • Sterling High School

Utilities

  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 2975100

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • B&M Subdivision

Building Details

  • Gross Income $28,500
  • Net Operating Income $17,018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$782

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.14
  • Subdivision Name: B&M
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4147
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator
  • Has Basement: Full
  • Total Bedrooms: 8
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric
  • Heating: Hot Water
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, CITY OF STERLING
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Other
  • HighSchool: Sterling
  • Junior High Dist: Valley RE 1
  • Middle Or Junior School: Sterling

Lot Info

  • Zoning: RES
  • Lot Size Sq Ft: 5998
  • Parcel #: 2975100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 782

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 28500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2022
Closed on
May 13, 2022
Sold by
Buss Brady E
Bought by
Kraftman Home Design Llc
Seller's Agent
Kimberly Fuller
Choice Real Estate
Buyer's Agent
Michele Owen
Sterling Homes LLC
List Price
$189,900
Sold Price
$189,900
Current Estimated Value
$214,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,918
Avg. Annual Appreciation
3.41%
Original Mortgage
$142,425
Outstanding Balance
$97,719
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$117,099

Purchase Details

Closed on
May 22, 2015
Sold by
Buss August E and Buss Marlene P
Bought by
Buss Brady E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Kraftman Home Design Llc $189,900 None Listed On Document
Buss Brady E $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kraftman Home Design Llc $142,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2022 08/07/22 Off Market $189,900 -- --
05/13/2022 05/13/22 Sold $189,900 0.0% $46 / Sq Ft
03/23/2022 03/23/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $189,900 0.0% $46 / Sq Ft
02/25/2022 02/25/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $189,900 -- $46 / 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
2024 $636 $12,030 $0 $0
2023 $636 $12,030 $0 $0
2022 $781 $9,270 $1,630 $7,640
2021 $781 $9,750 $1,720 $8,030
2020 $782 $18,580 $1,620 $16,960
2019 $780 $18,460 $1,610 $16,850
2018 $771 $9,110 $1,210 $7,900
2017 $759 $44,290 $5,880 $38,410
2015 $497 $51,160 $5,460 $45,700
2014 $497 $50,460 $5,460 $45,000
2013 $497 $50,460 $5,460 $45,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE959562

IRES MLS

APN: 2975100