NOT LISTED FOR SALE

343 Hawthorne Ave Johnstown, CO 80534

Estimated Value: $496,000 - $533,000

5 Beds
3 Baths
2,694 Sq Ft
$191/Sq Ft Est. Value

Last Sold August 07, 2023

Last sale price $450,000 $167 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,949/month

31 Days on Market

Highlights

  • City View
  • Eat-In Kitchen
  • Walk-In Closet
  • Deck
  • Double Pane Windows
  • Patio

About This Home

As of August 2023

343 Hawthorne Ave, is a captivating duplex located in the growing community of Johnstown. This investment property offers a unique opportunity for savvy investors seeking a lucrative venture, generating over $3,000 per month in gross rents. The exterior of this up/down duplex is composed of low maintenance stucco and offers minimal operational costs; being built in 2012. Inside, both units feature well-designed floor plans, maximizing space and functionality. Upstairs, comfortable bedrooms provide private retreats for tenants. The primary bedroom features an en-suite bathroom, while the living room lends a gas fireplace.10 foot tall basement ceilings expand upon the inviting feel of the garden level/walk out lower unit with large bedrooms. Each unit has it's own laundry, exterior access. Moving to the outside, each unit has its own private yard providing tenants with a delightful space to enjoy fresh air and relaxation. The upper level offers a deck for the tenant, while the lower level has a concrete patio, both with its own privacy. Attached two car garage is used by the upper level tenant. This home can easily be utilized as an owner occupied in its entirety, or "House Hack" and rent one space while living in the other. This home provides easy access to parks, schools, shopping, and dining options. Its convenient location also ensures straightforward commuting via I25, making it an attractive choice for tenants. This well-crafted and versatile duplex is primed for generating rental income and a solid return of 6.46% CapRate - a smart choice for investors looking to maximize their real estate portfolio.

Last Agent to Sell the Property

Nick Bukowski

The Station Real Estate Listed on: 06/22/2023

Last Buyer's Agent

Tate Downing

Hitch Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,971

Year Built

  • Built in 2012

Lot Details

  • 6,820 Sq Ft Lot
  • West Facing Home
  • Wood Fence
  • Level Lot
  • Sprinkler System

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • Driveway Level

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,694 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • City Views
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Outdoor Features

  • Deck
  • Patio

Location

  • Mineral Rights Excluded

Schools

  • Johnstown Elementary And Middle School
  • Johnstown High School

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, trash collection
  • Assessor Parcel Number R1405802

Community Details

Overview

  • 2 Units
  • Clearview Pud 2Nd Filing Subdivision

Recreation

  • Park

Building Details

  • Gross Income $36,300
  • Net Operating Income $31,024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,971

Year Built

Built in 2012

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Year Built: 2012
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.16
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Clearview PUD 2nd Filing
  • Unit Levels: Bi-Level, Tri Front/Back
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Legal Conforming, Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2694
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Single Family, Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Microwave, Disposal
  • Accessibility Features: Level Lot, Level Drive
  • Has Basement: Full, 90%+ Finished Basement, Daylight
  • Total Bedrooms: 5
  • Entry Location: Outside Entry
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Interior Amenities: Satellite Avail, Eat-in Kitchen, Walk-In Closet(s), Outside Entry, Kitchen Island, 9ft+ Ceilings
  • Window Features: Double Pane Windows
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced, Wood
  • Lot Features: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Lawn Sprinkler System, Mineral Rights Excluded, Level, Within City Limits
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame, Stucco
  • Direction Faces: West
  • Patio And Porch Features: Patio, Deck
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Electric: Electric, Xcel
  • Heating: Forced Air, Baseboard, Individual Heat Source
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, Town of Johnstown
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Community Features: Park
  • Senior Community: No
  • Association Fee: 250
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: Yes

Schools

  • Elementary School: Johnstown
  • HighSchool: Johnstown
  • Junior High Dist: Weld RE-5J
  • Middle Or Junior School: Johnstown

Lot Info

  • Zoning: RL
  • Lot Size Sq Ft: 6820
  • Parcel #: R1405802
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Trash Collection

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2971

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 36300
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 5276

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Aug 7, 2023
Sold by
Beams Zachary Kyle
Bought by
D & V Investments Llc
Seller's Agent
Nick Bukowski
The Station Real Estate
Buyer's Agent
Tate Downing
Hitch Realty LLC
List Price
$480,000
Sold Price
$450,000
Premium/Discount to List
-$30,000
-6.25%
Views
45
Current Estimated Value
$489,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,354
Avg. Annual Appreciation
4.67%

Purchase Details

Closed on
May 6, 2015
Sold by
Paterson Kathryn L
Bought by
Beams Zachary Kyle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,203
Interest Rate
3.74%
Mortgage Type
VA

Purchase Details

Listed on
Jan 31, 2012
Closed on
Aug 23, 2012
Sold by
Farmers Bank
Bought by
Paterson Kathryn L
Seller's Agent
Tracy Wilson
RE/MAX Alliance-Loveland
Buyer's Agent
Tracy Wilson
RE/MAX Alliance-Loveland
List Price
$24,000
Sold Price
$20,000
Premium/Discount to List
-$4,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.99%

Purchase Details

Closed on
Oct 7, 2002
Sold by
Northern Colorado Land Investments Inc
Bought by
Tschet Co Inc
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 Buyer Sale Price Title Company
D & V Investments Llc $450,000 None Listed On Document
Beams Zachary Kyle $223,400 Fidelity National Title Ins
Paterson Kathryn L $20,000 Heritage Title
Tschet Co Inc $239,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beams Zachary Kyle $273,516
Previous Owner Beams Zachary Kyle $270,000
Previous Owner Beams Zachary Kyle $228,203
Previous Owner Peterson Kathryn L $153,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2023 08/07/23 Sold $450,000 -6.3% $167 / Sq Ft
06/22/2023 06/22/23 For Sale $480,000 +2300.0% $178 / Sq Ft
05/03/2020 05/03/20 Off Market $20,000 -- --
08/23/2012 08/23/12 Sold $20,000 -16.7% --
07/24/2012 07/24/12 Pending -- -- --
01/31/2012 01/31/12 For Sale $24,000 -- --
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 $3,142 $32,950 $7,060 $25,890
2024 $3,142 $32,950 $7,060 $25,890
2023 $2,951 $35,910 $5,750 $30,160
2022 $2,971 $27,700 $4,870 $22,830
2021 $3,202 $28,500 $5,010 $23,490
2020 $2,792 $25,560 $4,650 $20,910
2019 $2,183 $25,560 $4,650 $20,910
2018 $1,925 $22,520 $3,740 $18,780
2017 $1,957 $22,520 $3,740 $18,780
2016 $1,725 $19,840 $3,180 $16,660
2015 $1,748 $19,840 $3,180 $16,660
2014 $1,541 $6,560 $1,590 $4,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 990617

IRES MLS

APN: R1405802