NOT LISTED FOR SALE

409 N Garfield Ave Loveland, CO 80537

Estimated Value: $449,041

-- Bed
-- Bath
1,472 Sq Ft
$305/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $450,000 $306 Per Sq Ft

Current estimated payment $2,910/month

12 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 1-Story Property

About This Home

As of May 2022

This little gem located in the heart of downtown Loveland has a ton of potential as a residential or commercial investment. This sale includes 409 & 411. The buildings historic use has been commercial however the zoning would allow for multi family residential and makes for great flip potential as a residential property. This property would make two incredible short term rentals. The building is engineered to have a second story which really increase it's potential as a residential or commercial investment.

Last Agent to Sell the Property

Sal Gomez

Adventure Realty LLC Listed on: 03/31/2022

Co-Listed By

Caitlyn Gomez

Adventure Realty LLC

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,662

Year Built

  • Built in 1960

Lot Details

  • 3,075

Home Design

  • Rubber Roof
  • Concrete Siding

Interior Spaces

  • 1,472 Sq Ft Home
  • 1-Story Property
  • Partial Basement

Schools

  • Truscott Elementary School
  • Bill Reed Middle School
  • Loveland High School

Additional Features

  • 3,075 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number R0404683

Community Details

Overview

  • No Home Owners Association
  • Rists Subdivision

Building Details

  • Gross Income $21,600
  • Net Operating Income $16,938

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,662

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Year Built: 1960
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.07
  • Road Frontage Type: City Street
  • Road Surface Type: Concrete
  • Co List Office Mls Id: EIARH
  • Subdivision Name: RISTS
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1472
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family, Multi-Family, Commercial, Commercial or Industrial, Additional Units
  • Private Spa: No
  • Has Basement: Partial
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Rubber
  • Waterfront: No
  • Construction Type: Concrete
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Central Air
  • Electric: Electric, City
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water, City of Loveland
  • Gas Company: Natural Gas, XCEL

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Truscott,Winona
  • HighSchool: Loveland
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Bill Reed

Lot Info

  • Zoning: DT
  • Lot Size Sq Ft: 3075
  • Parcel #: R0404683
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4662

Multi Family

  • Annual Gross Income: 21600
  • Income Includes: ["Lease/Rents"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2022
Closed on
Jun 1, 2022
Sold by
Pioneer West Holdings Llc
Bought by
Sanchez Christopher P and Sanchez Patrick S
Seller's Agent
Sal Gomez
Adventure Realty LLC
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$449,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$959
Avg. Annual Appreciation
-0.06%
Original Mortgage
$1,409
Outstanding Balance
$1,016
Interest Rate
4.31%
Mortgage Type
Seller Take Back
Estimated Equity
$448,025

Purchase Details

Closed on
Nov 19, 2019
Sold by
Boettcher Dorothea
Bought by
Pioneer West Holdings Llc

Purchase Details

Closed on
Oct 23, 2013
Sold by
Boettcher Dorothea and Schultz Steven M
Bought by
Boettcher Dorothea

Purchase Details

Closed on
Nov 5, 1998
Sold by
Dorothea Schultz Steven M Harlen J Boettche
Bought by
Boettcher Dorothea and Schultz Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,462
Interest Rate
6.69%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Sanchez Christopher P $450,000 None Listed On Document
Pioneer West Holdings Llc -- None Available
Boettcher Dorothea -- None Available
Boettcher Dorothea -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Christopher P $1,409
Previous Owner Boettcher Dorothea $30,462
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2022 05/27/22 Sold $450,000 0.0% $306 / Sq Ft
03/31/2022 03/31/22 For Sale $450,000 -- $306 / 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
2025 $6,718 $92,545 $9,626 $82,919
2024 $6,479 $92,545 $9,626 $82,919
2022 $4,668 $58,667 $8,584 $50,083
2021 $4,663 $58,667 $8,584 $50,083
2020 $4,478 $56,318 $6,235 $50,083
2019 $4,402 $56,318 $6,235 $50,083
2018 $4,117 $50,025 $6,235 $43,790
2017 $3,545 $50,025 $6,235 $43,790
2015 $3,375 $46,410 $6,240 $40,170
2014 $3,163 $42,060 $6,240 $35,820
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Sal Gomez

    Adventure Realty LLC

    (720) 438-9392

    8 in this area

    31 Total Sales

    Sal Gomez
    Section Image
  • Caitlyn Gomez

    Seller Co-Listing Agent in 2022

    Caitlyn Gomez

    Adventure Realty LLC

    (970) 473-1111

    7 in this area

    42 Total Sales

    Caitlyn Gomez
    Section Image

  • N

    Buyer's Agent in 2022

    Non-IRES Agent

    CO_IRES

See All Agents

Map

Source: IRES MLS

MLS Number: 961955

IRES MLS

APN: 95144-33-001

Colorado Larimer County Loveland 80537

409 N Garfield Ave, Loveland, CO

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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