NOT LISTED FOR SALE

405 E Simpson St Lafayette, CO 80026

2 Beds
1 Bath
10,752 Sq Ft
0.49 Acres

Last Sold March 04, 2022

Last sale price $3,895,000 $362 Per Sq Ft

8 Days on Market

Highlights

  • 0.49 Acre Lot
  • Open Floorplan
  • No HOA
  • Angevine Middle School Rated A-
  • Spanish Architecture
  • 4-minute walk to Simpson Mine Park

About This Home

As of March 2022

16 Unit Multifamily For sale in Fantastic Old Town Lafayette. Each Unit Configured with 2 Bed, 1 Bath, Updated Kitchens, Living Room, Newer Windows. Each Unit is Separately Metered with Individual Furnaces & H2O Heaters & Private Laundry. 8 Units on Main Level & 8 Units on 2nd Fl. Fenced Garden & Play Area for Residents & Ample Free Parking. Located in the Lafayette Urban Renewal Area, Supporting Area Revitalization & Development. Income & Expenses Provided are Estimated Proforma, Not Actual.

Last Agent to Sell the Property

Michael-Ryan McCarty

Gibbons-White, Inc. Listed on: 01/05/2022

Co-Listed By

Angela Topel

Gibbons-White, Inc.

Last Buyer's Agent

Michael-Ryan McCarty

Gibbons-White, Inc. Listed on: 01/05/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,422

Year Built

  • Built in 1978

Lot Details

  • 0.49 Acre Lot
  • Fenced

Parking

  • Alley Access

Home Design

  • Spanish Architecture
  • Stucco

Interior Spaces

  • 10,752 Sq Ft Home
  • 2-Story Property
  • Open Floorplan

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Sanchez Elementary School
  • Angevine Middle School
  • Centaurus High School

Utilities

  • Air Conditioning
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R0020268

Community Details

Overview

  • No Home Owners Association
  • 16 Units
  • Lafayette O T La Subdivision

Amenities

  • Community Storage Space

Recreation

  • Community Playground

Building Details

  • Gross Income $264,480
  • Net Operating Income $206,016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,422

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: 0.49
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Co List Office Mls Id: 0GIBB
  • Subdivision Name: LAFAYETTE O T - LA
  • Architectural Style: Spanish
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 10752
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Has Basement: None
  • Total Bedrooms: 2
  • Interior Amenities: Eat-in Kitchen, Open Floorplan
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Other
  • Fencing: Fenced
  • Lot Features: Sidewalks
  • Waterfront: No
  • Construction Type: Stucco
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Cooling: Room Air Conditioner, Evaporative Cooling
  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Community Features: Playground, Extra Storage
  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Sanchez (Alicia),Lafayette
  • HighSchool: Centaurus
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Angevine

Lot Info

  • Zoning: B1
  • Lot Size Sq Ft: 21148
  • Parcel #: R0020268
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 15422

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 264480
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 58464

Range of Values:

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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 List to Sale Price per Sq Ft
06/02/2022 06/02/22 Off Market $3,895,000 -- --
03/04/2022 03/04/22 Sold $3,895,000 -5.5% $362 / Sq Ft
01/05/2022 01/05/22 For Sale $4,120,000 -- $383 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael-Ryan McCarty

    Seller's Agent in 2022

    Michael-Ryan McCarty

    Gibbons-White, Inc.

    (303) 442-1040

    3 in this area

    24 Total Sales

    Michael-Ryan McCarty
    Section Image
  • Angela Topel

    Seller Co-Listing Agent in 2022

    Angela Topel

    Gibbons-White, Inc.

    (303) 564-1977

    3 in this area

    25 Total Sales

    Angela Topel
    Section Image
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Map

Source: IRES MLS

MLS Number: 957033

IRES MLS
Colorado Boulder County Lafayette 80026

405 E Simpson St, Lafayette, CO

This home is located at 405 E Simpson St, Lafayette, CO 80026 since 05 January 2022. This property was built in 1978. 405 E Simpson St is a home located in Boulder County with nearby schools including Alicia Sanchez International Elementary School, Angevine Middle School, and Centaurus 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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