NOT LISTED FOR SALE

Estimated Value: $962,000 - $1,262,000

3 Beds
3 Baths
1,943 Sq Ft
$565/Sq Ft Est. Value

Last Sold January 30, 2020

Last sale price $805,000 $414 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,525/month

126 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • No HOA
  • Lesher Middle School Rated A-
  • Corner Lot
  • 2-minute walk to Library Park

About This Home

As of January 2020

Turnkey rental! Have you ever dreamt of not having a fix up list? Well, this is the property for you, all the work has been done, each one bedroom unit has new kitchen and baths with upgraded granite and tile, new electrical, new electric panels, AC for each unit. Beautiful vintage apartments with modern updates. Fantastic location across from Library Park, one block to Mountain Ave, very convenient to all of Old Town and campus. Fully rented with great tenants. Paved parking area in the back.

Last Agent to Sell the Property

Janet Scott

Janet Z Real Estate Listed on: 09/25/2019

Last Buyer's Agent

Alexander Alvarez

C3 Real Estate Solutions, LLC

C3 Real Estate Solutions, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,803

Year Built

  • Built in 1900

Lot Details

  • 4,750 Sq Ft Lot
  • Southern Exposure
  • Partially Fenced Property
  • Corner Lot
  • Sprinkler System

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 1,943 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Wood Flooring
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Enclosed patio or porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R0044571

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • City Of Fort Collins Subdivision

Building Details

  • Gross Income $48,000
  • Net Operating Income $43,197

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,803

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.11
  • Subdivision Name: City of Fort Collins
  • Unit Levels: One and One Half
  • New Construction: No
  • Efficiency: Southern Exposure
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1943
  • Special Features: None
  • Stories: 0

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
  • Has Basement: Partial, Unfinished
  • Total Bedrooms: 3
  • Flooring: Wood Floors
  • Window Features: Window Coverings, Double Pane Windows
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Lawn Sprinkler System, Corner Lot
  • Waterfront: No
  • Construction Type: Stucco
  • Patio And Porch Features: Patio, Deck, Enclosed
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Electric: Electric, City of FTC
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of FTC
  • Gas Company: Natural 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: NCB
  • Lot Size Sq Ft: 4750
  • Parcel #: R0044571
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Trash Collection

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2803

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 48000
  • Annual Operating Expense: 4803

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 4, 2021
Sold by
James S Downie 2017 Trust
Bought by
340 E Oak Street Trust
Current Estimated Value
$1,098,190

Purchase Details

Closed on
Oct 20, 2020
Sold by
340 E Oak Street Llc
Bought by
James S Downie 2017 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$579,800
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 25, 2019
Closed on
Feb 18, 2020
Sold by
The James S Downie 2017 Trust
Bought by
340 E Oak Street Llc
Seller's Agent
Janet Scott
Janet Z Real Estate
Buyer's Agent
Alexander Alvarez
C3 Real Estate Solutions, LLC
List Price
$869,000
Sold Price
$805,000
Premium/Discount to List
-$64,000
-7.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.70%
Original Mortgage
$563,500
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 25, 2019
Closed on
Feb 12, 2020
Sold by
The Andra J Downie 2017 Trust
Bought by
340 E Oak Street Llc
Seller's Agent
Janet Scott
Janet Z Real Estate
Buyer's Agent
Alexander Alvarez
C3 Real Estate Solutions, LLC
List Price
$869,000
Sold Price
$805,000
Premium/Discount to List
-$64,000
-7.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,500
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 25, 2019
Closed on
Jan 30, 2020
Sold by
Scott David S and Scott Janet M
Bought by
The James S Downie 2017 Trust and The Andra J Downie 2017 Trust
Seller's Agent
Janet Scott
Janet Z Real Estate
Buyer's Agent
Alexander Alvarez
C3 Real Estate Solutions, LLC
List Price
$869,000
Sold Price
$805,000
Premium/Discount to List
-$64,000
-7.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,500
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2008
Sold by
Serrano Moffitt Llc
Bought by
Scott David S and Scott Janet M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,862
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2007
Sold by
Serrano Alfredo and Serrano Patricia Frances
Bought by
Serrano Moffitt Llc
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
340 E Oak Street Trust -- None Listed On Document
James S Downie 2017 Trust -- None Listed On Document
340 E Oak Street Llc -- None Available
340 E Oak Street Llc -- None Available
The James S Downie 2017 Trust $805,000 Land Title Guarantee Co
Scott David S $270,000 Stewart Title Colorado Inc
Serrano Moffitt Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner James S Downie 2017 Trust $579,800
Previous Owner The James S Downie 2017 Trust $563,500
Previous Owner Scott David S $1,340,000
Previous Owner Scott David S $204,862
Previous Owner Serrano Alfredo $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2020 04/29/20 Off Market $805,000 -- --
01/30/2020 01/30/20 Sold $805,000 -3.0% $414 / Sq Ft
01/29/2020 01/29/20 Pending -- -- --
11/25/2019 11/25/19 Price Changed $829,900 -1.1% $427 / Sq Ft
10/16/2019 10/16/19 Price Changed $839,000 -1.2% $432 / Sq Ft
10/04/2019 10/04/19 Price Changed $849,000 -2.3% $437 / Sq Ft
09/25/2019 09/25/19 For Sale $869,000 -- $447 / 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 $5,314 $56,360 $4,087 $52,273
2024 $5,068 $56,360 $4,087 $52,273
2022 $4,606 $46,362 $4,148 $42,214
2021 $4,762 $48,749 $4,362 $44,387
2020 $4,021 $40,827 $4,362 $36,465
2019 $4,038 $40,827 $4,362 $36,465
2018 $2,803 $29,174 $4,392 $24,782
2017 $2,793 $29,174 $4,392 $24,782
2016 $2,259 $23,482 $4,856 $18,626
2015 $2,244 $33,180 $4,860 $28,320
2014 $2,479 $25,780 $3,980 $21,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 895110

IRES MLS

APN: 97123-16-033