NOT LISTED FOR SALE

Estimated Value: $806,000 - $1,026,000

5 Beds
3 Baths
3,057 Sq Ft
$293/Sq Ft Est. Value

Last Sold July 06, 2016

Last sale price $510,000 $167 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $5,373/month

3 Days on Market

Highlights

  • No HOA
  • Brick Veneer
  • Baseboard Heating
  • Eat-In Kitchen
  • Patio
  • West Facing Home

About This Home

As of July 2016

Prime location Duplex with Income potential!Well cared for home offers 2 units(3602-3622),one with with 3 bed,2 bath,and the other with 2 bed,1 bath! Current tenants have been 30 year long term tenants in both units.Property has been updated with new exterior paint,H20 heater/boiler system,new seamless gutters and exterior landscaping in front yard! Close to Luthern Hospital,shopping and restaurants!Larger unit has finished basement.Smaller unit kitchen has been updated. Patio on larger side!

Last Agent to Sell the Property

Jackie Nordstrom

Real Living CO Real Estate Listed on: 05/13/2016

Real Living CO Real Estate

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,509

Year Built

  • Built in 1962

Lot Details

  • 0.34 Acre Lot
  • West Facing Home
  • Wood Fence
  • Sprinkler System

Home Design

  • Duplex
  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,057 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Finished Basement
  • Partial Basement

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Patio

Schools

  • Wilmore-Da Elementary School
  • Everitt Middle School
  • Wheat Ridge High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • Assessor Parcel Number 024831

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Ridgeview Gardens Subdivision

Building Details

  • Gross Income $19,800
  • Net Operating Income $11,991

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,509

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Year Built: 1962
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.34
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Ridgeview Gardens
  • Directions: Wadsworth South to 38th Avenue, right on 38th to Allison Street, left on Allison to property on left
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Disposal
  • Has Basement: Partial, 90%+ Finished Basement
  • Total Bedrooms: 5
  • Interior Amenities: Eat-in Kitchen
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Wood
  • Lot Features: Lawn Sprinkler System
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Direction Faces: West
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric
  • Heating: Hot Water, Baseboard
  • Utilities: Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Wheat Ridge

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Wilmore-Da
  • HighSchool: Wheat Ridge
  • Junior High Dist: Jefferson Dist R-1
  • Middle Or Junior School: Everitt

Lot Info

  • Zoning: 2 units
  • Lot Size Sq Ft: 14924
  • Parcel #: 024831
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity, Trash Collection

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2509

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 19800
  • Annual Operating Expense: 7809

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2016
Closed on
Jul 6, 2016
Sold by
Lombardi William A
Bought by
Wick Steven J and Wick James E
Seller's Agent
Jackie Nordstrom
Real Living CO Real Estate
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$475,000
Sold Price
$510,000
Premium/Discount to List
$35,000
7.37%
Total Days on Market
3
Current Estimated Value
$896,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$386,382
Avg. Annual Appreciation
6.68%
Original Mortgage
$408,000
Outstanding Balance
$330,869
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$578,428

Purchase Details

Closed on
Mar 15, 2012
Sold by
Lombardi William A
Bought by
Lombardi William A

Purchase Details

Closed on
Apr 5, 2009
Sold by
Lombardi Violet
Bought by
Lombardi William A and Lombardi Mary Ann

Purchase Details

Closed on
Sep 16, 2002
Sold by
The William & Violet Lombardi Trust
Bought by
Lombardi Violet A M
Source: Public Records

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Range of Values:

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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
Wick Steven J $510,000 Stewart Title
Lombardi William A -- None Available
Lombardi William A $85,050 None Available
Lombardi Violet A M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wick Steven J $408,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Off Market $510,000 -- --
07/06/2016 07/06/16 Sold $510,000 +7.4% $167 / Sq Ft
05/16/2016 05/16/16 Pending -- -- --
05/13/2016 05/13/16 For Sale $475,000 -- $155 / 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
2024 $4,375 $50,041 $24,717 $25,324
2023 $4,375 $50,041 $24,717 $25,324
2022 $3,261 $36,634 $16,035 $20,599
2021 $3,380 $38,519 $16,860 $21,659
2020 $3,174 $36,355 $16,501 $19,854
2019 $3,131 $36,355 $16,501 $19,854
2018 $2,850 $31,984 $10,073 $21,911
2017 $2,574 $31,984 $10,073 $21,911
2016 $2,476 $28,789 $9,080 $19,709
2015 $2,190 $28,789 $9,080 $19,709
2014 $2,190 $23,893 $6,190 $17,703
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 791247

IRES MLS

APN: 39-262-02-150