$560,000
SOLD OCT 6, 2017

3550 Butternut Dr Unit A, B, C, D Loveland, CO 80538

8 Beds
8 Baths
3,886 Sq Ft
7,840 Sq Ft Lot

Recently Sold

$144 Per Sq Ft

28 Days on Market

Highlights

  • No HOA
  • Brick Veneer
  • Baseboard Heating

About This Home

As of September 2021

Solid investment property with $51,600 in Annual Gross Rents. These 2-story, town home style units offer 2 bds and 1.5 baths. Bedrooms and full bath located upstairs, kitchen, living room and 1/2 bath are on the main level. Seller has updated finishes and flooring in most units and installed a brand new roof (shingles, decking, gutters) in Aug 2017. Very high occupancy history and easy to find tenants. All units are Pre-Inspected and for smooth transaction. Inspection available upon request.

Last Agent to Sell the Property

James Mitchell

Group Mulberry Listed on: 09/08/2017

Group Mulberry

Co-Listed By

Colin Glover

West and Main Homes

Last Buyer's Agent

Sharon McGonigal

Equity Colorado-Front Range

Equity Colorado-Front Range

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,014

Year Built

  • Built in 1978

Lot Details

  • 7,840 Sq Ft Lot

Home Design

  • Brick Veneer
  • Composition Roof
  • Composition Shingle

Interior Spaces

  • 3,886 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, electricity
  • Assessor Parcel Number R0660329

Community Details

Overview

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

Building Details

  • Gross Income $51,600
  • Net Operating Income $49,436

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,014

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Year Built: 1978
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.18
  • Co List Office Mls Id: TGIDO
  • Subdivision Name: Sunset Acres
  • Directions: Go West on 37th from N. Garfield Ave. South on Sheridan Ave, and then East on Butternut. Property located in culdescac.
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Legal Conforming
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3886
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: None, Crawl Space
  • Total Bedrooms: 8
  • Entry Location: Outside Entry
  • Interior Amenities: Outside Entry
  • ResoLivingAreaSource: Other

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer, Composition Siding
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Loveland
  • Heating: Baseboard
  • Utilities: Electricity Available, Cable Available
  • Laundry Features: Washer/Dryer Hookups
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, Loveland

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: 7840
  • Parcel #: R0660329
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 2014

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 51600
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 2164

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2021 12/06/21 Off Market $875,000 -- --
09/07/2021 09/07/21 Sold $875,000 0.0% $225 / Sq Ft
08/11/2021 08/11/21 For Sale $875,000 0.0% $225 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $875,000 0.0% $225 / Sq Ft
07/31/2021 07/31/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $875,000 +56.3% $225 / Sq Ft
01/28/2019 01/28/19 Off Market $560,000 -- --
10/06/2017 10/06/17 Sold $560,000 0.0% $144 / Sq Ft
09/08/2017 09/08/17 For Sale $560,000 -- $144 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • holly mitchell

    Seller's Agent in 2021

    holly mitchell

    High Point Homes

    (970) 817-1492

    4 in this area

    32 Total Sales

    holly mitchell
    Section Image

  • R

    Buyer's Agent in 2021

    Ryan Specht

    HomeSmart Realty

    Section Image

  • J

    Seller's Agent in 2017

    James Mitchell

    Group Mulberry

    Section Image
  • Colin Glover

    Seller Co-Listing Agent in 2017

    Colin Glover

    West and Main Homes

    (720) 939-9571

    5 in this area

    39 Total Sales

    Colin Glover
    Section Image
  • Sharon McGonigal

    Buyer's Agent in 2017

    Sharon McGonigal

    Equity Colorado-Front Range

    (720) 989-6533

    9 in this area

    36 Total Sales

    Sharon McGonigal
    Section Image
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Map

Source: IRES MLS

MLS Number: 831872

IRES MLS
Colorado Larimer County Loveland 80538

3550 Butternut Dr Unit A, B, C, D, Loveland, CO

This home is located at 3550 Butternut Dr Unit A, B, C, D, Loveland, CO 80538 and is currently priced at $560,000, approximately $144 per square foot. This property was built in 1978. 3550 Butternut Dr Unit A, B, C, D 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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