$338,000
SOLD MAY 14, 2015

3219 E Locust St Fort Collins, CO 80524

4 Beds
2 Baths
1,918 Sq Ft
0.28 Acres

Recently Sold

$176 Per Sq Ft

1% Below List Price

7 Days on Market

Highlights

  • No HOA
  • Brick Veneer
  • Forced Air Heating System
  • Riffenburgh Elementary School Rated A-
  • Cooling Available
  • Ceiling Fan

About This Home

As of June 2021

Ft Collins Cash-Flowing Duplex 8% CAP RATE! All brick exterior with 2bd 1ba units each with own attached garage. Each unit is leased-expense numbers are based on ACTUALs and potential rental income is based on both units renting around the same rate. Units are separately metered for gas & electric, Owner pays water & sewer. These expenses are included to figure potential cap rate. Each kitchen has full pantry, refrigerator, oven, dishwasher and washer-dryer. Backs to open space.

Last Agent to Sell the Property

Ashley McDaniels

Resident Realty Listed on: 04/07/2015

Resident Realty

Last Buyer's Agent

Sue Haan

Resident Realty North Metro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,512

Year Built

  • Built in 1977

Lot Details

  • 0.28 Acre Lot
  • Southern Exposure
  • Fenced

Home Design

  • Property Attached
  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 1,918 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Storm Doors

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener

Schools

  • Laurel Elementary School
  • Lesher Middle School
  • Ft Collins High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas, electricity, trash collection
  • Assessor Parcel Number R0693758

Community Details

Overview

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

Building Details

  • Gross Income $31,126
  • Net Operating Income $26,814

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,512

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Year Built: 1977
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.28
  • Road Surface Type: Paved
  • Subdivision Name: Sunrise Acres
  • Directions: Cross Streets of E Mulberry St (Exit 269B) and Greenfield Court
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Southern Exposure
  • Property Attached Yn: Yes
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1918
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family, Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Some Appliances
  • Has Basement: None
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Entry Location: Outside Entry
  • Interior Amenities: Satellite Avail, High Speed Internet, Pantry, Outside Entry
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • View: Plains View
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Garage Door Opener

Utilities

  • Cooling: Ceiling Fan(s)
  • Electric: Electric, Separate Meter Electricity, PVREA
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: District Sewer
  • Water Source: District Water, ELCO Water District
  • Gas Company: Natural Gas, Separate Meter Gas, XCEL

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Laurel
  • HighSchool: Ft Collins
  • Junior High Dist: Poudre
  • Middle Or Junior School: Lesher

Lot Info

  • Zoning: M
  • Lot Size Sq Ft: 12197
  • Parcel #: R0693758
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity, Trash Collection

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 1512

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 31125.6
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 4312

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Jun 23, 2021
Sold by
Haan Sue A and Haan Paul C
Bought by
Rodriguez Aaron M and Rodriguez Marina J
Seller's Agent
Sue Haan
Resident Realty North Metro
Buyer's Agent
Nanci Garnand
Real
List Price
$519,000
Sold Price
$524,000
Premium/Discount to List
$5,000
0.96%
Current Estimated Value
$610,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,037
Avg. Annual Appreciation
3.16%
Original Mortgage
$445,400
Outstanding Balance
$407,619
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$186,982

Purchase Details

Closed on
Apr 9, 2021
Sold by
Haan Sue A and Haan Paul C
Bought by
Haan Sue A and Haan Paul C

Purchase Details

Listed on
Apr 7, 2015
Closed on
Jun 23, 2015
Sold by
Mercier Thomas
Bought by
Haan Sue A and Haan Paul C
Seller's Agent
Ashley McDaniels
Resident Realty
Buyer's Agent
Sue Haan
Resident Realty North Metro
List Price
$340,000
Sold Price
$338,000
Premium/Discount to List
-$2,000
-0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Original Mortgage
$240,100
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 7, 2015
Closed on
May 12, 2015
Sold by
Aavang Christopher
Bought by
Mercier Thomas
Seller's Agent
Ashley McDaniels
Resident Realty
Buyer's Agent
Sue Haan
Resident Realty North Metro
List Price
$340,000
Sold Price
$338,000
Premium/Discount to List
-$2,000
-0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,100
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2010
Sold by
Lindquist Jo Marie
Bought by
Aavang Christopher

Purchase Details

Closed on
Jun 3, 2008
Sold by
Treaster Melba L
Bought by
Lindquist Jo Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 1, 1988
Bought by
Treaster Melba L
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Special Warranty Deed $524,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $343,000 Stewart Title
Warranty Deed $338,000 Stewart Title
Warranty Deed $211,000 Unified Title Company Of Nor
Warranty Deed $198,000 Security Title
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $445,400 New Conventional
Previous Owner $240,100 New Conventional
Previous Owner $129,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2021 09/21/21 Off Market $524,000 -- --
06/23/2021 06/23/21 Sold $524,000 +1.0% $251 / Sq Ft
05/07/2021 05/07/21 For Sale $519,000 +53.6% $249 / Sq Ft
01/28/2019 01/28/19 Off Market $338,000 -- --
05/14/2015 05/14/15 Sold $338,000 -0.6% $176 / Sq Ft
04/14/2015 04/14/15 Pending -- -- --
04/07/2015 04/07/15 For Sale $340,000 -- $177 / 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 $3,367 $38,324 $2,412 $35,912
2024 $3,376 $38,324 $2,412 $35,912
2022 $2,678 $28,057 $2,448 $25,609
2021 $2,730 $29,172 $2,574 $26,598
2020 $3,073 $32,547 $2,574 $29,973
2019 $3,087 $32,547 $2,574 $29,973
2018 $2,270 $24,696 $2,592 $22,104
2017 $2,263 $24,696 $2,592 $22,104
2016 $1,717 $18,643 $2,866 $15,777
2015 $1,798 $18,650 $2,870 $15,780
2014 $1,512 $15,420 $2,870 $12,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 759778

IRES MLS

APN: 87162-12-016