NOT LISTED FOR SALE

3509 Butternut Dr Unit 3509 -3511 Loveland, CO 80538

Estimated Value: $490,838 - $555,000

4 Beds
2 Baths
1,866 Sq Ft
$283/Sq Ft Est. Value

Last Sold January 29, 2016

Last sale price $245,000 $131 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $3,134/month

74 Days on Market

Highlights

  • No HOA
  • Brick Veneer
  • Forced Air Heating System
  • Eat-In Kitchen
  • Patio
  • Partially Fenced Property

About This Home

As of January 2016

No HOA, Duplex has excellent rental history. Units updated each time renters change. Rents could be increased, currently rents are $875 and $925 per month. Each unit pays their own gas and electric bills. Owner pays for water. Priced to sell AS IS. Listing Agent is the owner and a Real Estate Broker in Colorado. This listing is subject to a 1031 Exchange.One lease expires June 1 of 2016, and the other Aug 1 of 2016

Last Agent to Sell the Property

J.W. Frame

Frame Real Estate, LLC Listed on: 10/08/2015

Last Buyer's Agent

J.W. Frame

Frame Real Estate, LLC Listed on: 10/08/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,201

Year Built

  • Built in 1972

Lot Details

  • 8,898 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,866 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • <<selfCleaningOvenToken>>
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms
  • Primary bathroom on main floor

Schools

  • Lincoln Elementary School
  • Erwin Middle School
  • Loveland High School

Utilities

  • Forced Air Heating System
  • Propane

Additional Features

  • Low Pile Carpeting
  • Patio

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R0349119

Community Details

Overview

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

Building Details

  • Gross Income $24,000
  • Net Operating Income $21,313

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,201

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Year Built: 1972
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.2
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Sunset Acres
  • Directions: From 29th St.go North on Sheridan to 36th St., turn right on Butternut.3509-3511 will be on the right side.
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1866
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Self Cleaning Oven, Dishwasher, Refrigerator
  • Accessibility Features: Level Lot, Low Carpet, Main Floor Bath, Main Level Bedroom
  • Has Basement: Crawl Space
  • Total Bedrooms: 4
  • Interior Amenities: Eat-in Kitchen
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Curbs, Gutters, Sidewalks, Level
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, City of Lovelan
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Propane
  • Laundry Features: Washer/Dryer Hookups
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Loveland
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Lincoln
  • HighSchool: Loveland
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Erwin, Lucile

Lot Info

  • Zoning: R3E
  • Lot Size Sq Ft: 8898
  • Parcel #: R0349119
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 1201

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 24000
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 2687

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2018
Sold by
Mulder Joseph J and Mulder Carley A
Bought by
Mulder Joseph J
Current Estimated Value
$527,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,000
Outstanding Balance
$229,056
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$279,696

Purchase Details

Listed on
Oct 8, 2015
Closed on
Jan 29, 2016
Sold by
Frame John William
Bought by
Mulder Joseph J and Mulder Carley A
Seller's Agent
J.W. Frame
Frame Real Estate, LLC
Buyer's Agent
J.W. Frame
Frame Real Estate, LLC
List Price
$259,000
Sold Price
$245,000
Premium/Discount to List
-$14,000
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$183,750
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2002
Sold by
Frame J William and Frame Janet C
Bought by
Frame John William and John William Frame Trust

Purchase Details

Closed on
Mar 1, 1974
Bought by
Frame J William J and Frame Janet
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
Mulder Joseph J -- Ascendant Title Co
Mulder Joseph J $245,000 Heritage Title
Frame John William -- --
Frame Janet Catherine -- --
Frame J William J $39,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mulder Joseph J $263,000
Closed Mulder Joseph J $183,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Off Market $245,000 -- --
01/29/2016 01/29/16 Sold $245,000 -5.4% $131 / Sq Ft
12/21/2015 12/21/15 Pending -- -- --
10/08/2015 10/08/15 For Sale $259,000 -- $139 / 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 $2,545 $35,570 $3,015 $32,555
2024 $2,454 $35,570 $3,015 $32,555
2022 $2,142 $26,914 $3,060 $23,854
2021 $2,249 $28,300 $3,218 $25,082
2020 $2,015 $25,347 $3,218 $22,129
2019 $1,981 $25,347 $3,218 $22,129
2018 $1,527 $18,554 $3,240 $15,314
2017 $1,315 $18,554 $3,240 $15,314
2016 $1,436 $19,582 $3,582 $16,000
2015 $1,424 $19,580 $3,580 $16,000
2014 $1,199 $15,950 $3,580 $12,370
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    J.W. Frame

    Frame Real Estate, LLC

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Map

Source: IRES MLS

MLS Number: 776923

IRES MLS

APN: 95024-34-022

Colorado Larimer County Loveland 80538

3509 Butternut Dr Unit 3509 -3511, Loveland, CO

This home is located at 3509 Butternut Dr Unit 3509 -3511, Loveland, CO 80538 since 08 October 2015 and is currently estimated at $527,460, approximately $282 per square foot. This property was built in 1972. 3509 Butternut Dr Unit 3509 -3511 is a home located in Larimer County with nearby schools including Lincoln Elementary School, Lucile Erwin Middle School, and Loveland High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.

Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

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