NOT LISTED FOR SALE

405 E Simpson St Lafayette, CO 80026

2 Beds
1 Bath
10,752 Sq Ft
0.49 Acre Lot

Sale Details

Date Sold: March 4, 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

  • 21,148 Sq Ft 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

0.49 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $19,744 $225,372 $20,264 $205,108
2025 $19,744 $225,372 $20,264 $205,108
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
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