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. License #40029628 Listed on: 01/05/2022

Co-Listed By

Angela Topel

Gibbons-White, Inc. License #100001225

Last Buyer's Agent

Michael-Ryan McCarty

Gibbons-White, Inc. License #40029628 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
  • Evaporated cooling system
  • 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"]
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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

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 $21,373 $207,144 $18,625 $188,519
2024 $21,373 $207,144 $18,625 $188,519
2023 $21,007 $241,200 $23,370 $221,515
2022 $15,074 $160,480 $19,040 $141,440
2021 $15,238 $168,740 $20,020 $148,720
2020 $12,558 $137,402 $20,020 $117,382
2019 $12,384 $137,402 $20,020 $117,382
2018 $11,483 $125,784 $18,864 $106,920
2017 $11,180 $139,061 $20,855 $118,206
2016 $10,638 $115,866 $15,283 $100,583
2015 $9,968 $110,326 $34,228 $76,098
2014 $9,540 $110,326 $34,228 $76,098
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE957033

IRES MLS