NOT LISTED FOR SALE

Estimated Value: $572,000 - $763,000

4 Beds
2 Baths
1,991 Sq Ft
$326/Sq Ft Est. Value

Last Sold November 22, 2023

Last sale price $475,000 $239 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,741/month

4 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • No HOA
  • Prospect Valley Elementary School Rated A-
  • Private Yard
  • 3-minute walk to Discovery Park

About This Home

As of November 2023

Only Duplex Priced Below $650,000 In Wheat Ridge In The Last 6 Months - Instant Equity - Cash Flows Even With These Interest Rates *** 3501 The 2 Bedroom Side Is Vacant, You Pick Your Tenant (Maybe It's You), You Decide How Much Work ($1000 or $10,000) Before You Rent It *** 3505 The 3 Bedroom Side Has Long Term Month To Month Tenant Who Wants To Stay, Has Had The Same Rent For The Last 3 Years and Knows A Rent Increase Is Coming, (DDRC pays the majority of the rent and it just passed their inspection) - Each Unit Has It's Own Private Large Fenced Yard - New Roof and Gutters July 2023 - (6% Projected Cap Rate At $650,000) - Live In 1 Side and Rent The Other Side - Lots of Upside! - Washer/Dryer hookups in both units (tenants supply w/d) - Each has their own fenced yard - pet friendly tile floors in both units - minimal work has been performed on both units but are rentable as is - do a little work now and a little more next year - *** More Photos of 3505 will be uploaded Wednesday afternoon - please use those photos until accepted offer *** Please see MLS Supplements Prior To Showing ***

Last Agent to Sell the Property

Shellee Scherr

Century 21 Signature Realty, Inc Brokerage Email: shellee@srthomes.com,720-495-4846 License #1326488 Listed on: 10/12/2023

Century 21 Signature Realty, Inc

Co-Listed By

Kyle Scherr

Century 21 Signature Realty North, Inc. Brokerage Email: shellee@srthomes.com,720-495-4846 License #40031962

Last Buyer's Agent

Kyle von Kaenel

Guardian Real Estate License #100089966

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,060

Year Built

  • Built in 1949

Lot Details

  • 0.3 Acre Lot
  • 1 Common Wall
  • East Facing Home
  • Property is Fully Fenced
  • Corner Lot
  • Private Yard

Home Design

  • Duplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Fixer Upper
  • Membrane Roofing
  • Stucco

Interior Spaces

  • 1,991 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Sump Pump
  • Laundry in multiple locations

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Dishwasher
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • Gravel Driveway
  • Paved Parking

Outdoor Features

  • Rain Gutters

Schools

  • Prospect Valley Elementary School
  • Everitt Middle School
  • Wheat Ridge High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Natural Gas Connected
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 3501 And 3505 Kipling Community
  • Valley Vista Subdivision

Listing and Financial Details

  • Exclusions: Tenants Personal Property
  • Property held in a trust
  • Tenant pays for cable TV, electricity, gas, grounds care, internet, telephone
  • The owner pays for insurance, taxes, trash collection, water
  • Assessor Parcel Number 048687

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,060

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Structure Type: Duplex
  • Levels: One
  • Building Name: 3501 AND 3505 KIPLING
  • Year Built: 1949
  • Above Grade Finished Sq Ft: 1991
  • Entry Location: Exterior Access
  • Exclusions: Tenants Personal Property
  • Living Area: 1991
  • Property Condition: Fixer
  • Directions: 35th and Kipling - Park in Driveway off of 35th Ave Only
  • SubdivisionName: Valley Vista
  • Co List Office Mls Id: RECJBSSN
  • Co List Office Phone: 720-495-4846
  • Ownership: Corporation/Trust
  • ResoBuildingAreaSource: PublicRecords
  • REC_ExpectedActiveDate: 2023-10-18
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 1.00000
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Range, Range Hood, Refrigerator, Sump Pump
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, High Speed Internet, Tile Counters, Walk-In Closet(s)
  • Flooring: Tile
  • Common Walls: 1 Common Wall
  • Basement: No
  • Total Bedrooms: 4
  • Entry Level: 1

Exterior Features

  • Direction Faces: East
  • Roof: Membrane
  • Construction Materials: Block, Stucco
  • Exterior Features: Private Yard, Rain Gutters

Garage/Parking

  • Parking Features: Concrete, Driveway-Gravel
  • Attached Garage: No
  • Total Parking Spaces: 6
  • REC_ParkingCount: 2

Utilities

  • Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • Electric: 220 Volts
  • Laundry Features: In Unit, Main Level, Multiple Locations

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Everitt

Lot Info

  • Parcel Number: 048687
  • Lot Size Acres: 0.3
  • Fencing: Full
  • Building Area Total: 1991
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 13106
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Insurance, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, Internet, Telephone

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3060

MLS Schools

  • Elementary School: Prospect Valley
  • High School: Wheat Ridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Nov 22, 2023
Sold by
Peterson Eric and Chang Nian
Bought by
Clear Estates Llc
Seller's Agent
Shellee Scherr
Century 21 Signature Realty, Inc
Buyer's Agent
Kyle von Kaenel
Guardian Real Estate
List Price
$475,000
Sold Price
$475,000
Views
46
Current Estimated Value
$649,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,849
Avg. Annual Appreciation
18.25%
Original Mortgage
$356,250
Outstanding Balance
$350,118
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$299,731

Purchase Details

Listed on
Oct 12, 2023
Closed on
Nov 21, 2023
Sold by
7260 Canosa Llc
Bought by
Peterson Eric and Chang Nian
Seller's Agent
Shellee Scherr
Century 21 Signature Realty, Inc
Buyer's Agent
Kyle von Kaenel
Guardian Real Estate
List Price
$475,000
Sold Price
$475,000
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Outstanding Balance
$350,118
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$299,731

Purchase Details

Closed on
Sep 21, 2023
Sold by
Gohs Calvin B
Bought by
7260 Canosa Llc

Purchase Details

Closed on
Sep 3, 2014
Sold by
Bucci Michael A
Bought by
Buyout Company

Purchase Details

Closed on
Aug 21, 2014
Sold by
Bucci Michael A
Bought by
The Buyout Company

Purchase Details

Closed on
Aug 26, 2005
Sold by
Shoemaker James H
Bought by
Gohs Calvin B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.81%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 8, 2001
Sold by
Shoemaker Laura A
Bought by
James H & Laura A Shoemaker Living Trust

Purchase Details

Closed on
Nov 29, 2000
Sold by
R M C Investments Llc
Bought by
Shoemaker Laura A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
7.84%

Purchase Details

Closed on
Mar 29, 2000
Sold by
Carey Ryan T and Carey Maureen E
Bought by
R M C Investments Llc

Purchase Details

Closed on
Sep 10, 1999
Sold by
Rhodes Jeane M and Rhodes Lawrence D
Bought by
Carey Ryan T and Carey Maureen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Interest Rate
7.9%

Purchase Details

Closed on
Apr 27, 1998
Sold by
Mercedes Golden M
Bought by
Rhodes Lawrence D and Rhodes Jeane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,200
Interest Rate
7.09%

Purchase Details

Closed on
Jun 2, 1995
Sold by
Golden Ben M and Golden Connie
Bought by
Golden M Mercedes

Purchase Details

Closed on
Jan 31, 1994
Sold by
Chipman Shawn Robert
Bought by
Golden Ben M and Golden Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,500
Interest Rate
7.12%
Mortgage Type
VA

Purchase Details

Closed on
Nov 24, 1993
Sold by
Golden Ben M
Bought by
Chipman Shawn Robert
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
Clear Estates Llc $475,000 None Listed On Document
Peterson Eric $475,000 Homestead Title
7260 Canosa Llc $400,000 None Listed On Document
Buyout Company -- None Available
The Buyout Company $355,001 None Available
Gohs Calvin B $230,000 Security Title
James H & Laura A Shoemaker Living Trust -- --
Shoemaker Laura A $216,500 --
R M C Investments Llc -- Commonwealth Title
Carey Ryan T $135,000 --
Rhodes Lawrence D $131,500 North American Title Co
Goldenn M Mercedes -- --
Golden M Mercedes -- --
Golden Ben M $77,500 --
Chipman Shawn Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Eric $356,250
Previous Owner Gohs Calvin B $184,000
Previous Owner Shoemaker Laura A $194,400
Previous Owner Carey Ryan T $128,250
Previous Owner Rhodes Lawrence D $105,200
Previous Owner Golden Ben M $77,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2023 11/22/23 Sold $475,000 0.0% $239 / Sq Ft
10/17/2023 10/17/23 For Sale $475,000 -- $239 / Sq Ft
Source: REcolorado®

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 $3,546 $37,258 $22,598 $14,660
2023 $3,546 $37,258 $22,598 $14,660
2022 $3,060 $31,636 $16,125 $15,511
2021 $3,106 $32,546 $16,589 $15,957
2020 $2,443 $25,724 $8,334 $17,390
2019 $2,413 $25,724 $8,334 $17,390
2018 $2,655 $27,431 $9,651 $17,780
2017 $2,417 $27,431 $9,651 $17,780
2016 $2,020 $21,593 $8,284 $13,309
2015 $1,794 $21,593 $8,284 $13,309
2014 $1,794 $18,091 $7,576 $10,515
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 7492086

REcolorado®

APN: 39-281-12-017