NOT LISTED FOR SALE

420 Douglas St Sterling, CO 80751

Estimated Value: $193,000 - $257,000

5 Beds
2 Baths
2,128 Sq Ft
$106/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $220,000 $103 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,257/month

47 Days on Market

Highlights

  • City View
  • Patio
  • Wood Fence
  • No HOA
  • Forced Air Heating System
  • Level Lot

About This Home

As of May 2024

Welcome to this fantastic income opportunity! This property features not one, but two charming houses, both currently rented out, offering a steady stream of income for the savvy investor. The front house is a cozy two-bedroom, one-bathroom abode with a warm and inviting atmosphere. Boasting wood floors and abundant natural light, this residence exudes a sense of comfort and charm. The basement includes an additional room, perfect for use as a third bedroom or a versatile living space, adding value and potential to the property. Step outside to discover the delightful back unit, a three-bedroom, one-bathroom dwelling. With a convenient one-car carport and a fenced yard, this residence offers both practicality and privacy. Whether you're looking to expand your investment portfolio or seeking a property with the potential for dual rental income, this offering is not to be missed. Don't let this opportunity slip away - schedule your showing today and seize the potential of this income-generating gem!

Last Agent to Sell the Property

Erin Debus

Town Square Realty Listed on: 03/22/2024

Last Buyer's Agent

Callie Hood

Four Peaks Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $106

Year Built

  • Built in 1921

Lot Details

  • 6,250 Sq Ft Lot
  • Wood Fence
  • Chain Link Fence
  • Level Lot

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,128 Sq Ft Home
  • 1-Story Property
  • City Views
  • Partial Basement
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms
  • Primary bathroom on main floor

Schools

  • Ayres Elementary School
  • Sterling Middle School
  • Sterling High School

Additional Features

  • Patio
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number 4804200

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Second B&M Addn Subdivision

Building Details

  • Gross Income $26,400
  • Net Operating Income $26,294

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$106

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Year Built: 1921
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.14
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: SECOND B&M ADDN
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2128
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family, Multi-Family
  • Private Spa: No
  • Appliances: Gas Range/Oven, Refrigerator
  • Accessibility Features: Level Lot, Main Floor Bath, Main Level Bedroom
  • Has Basement: Partial
  • Total Bedrooms: 5
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced, Wood, Chain Link
  • Lot Features: Level
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Sterling
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

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

Schools

  • Elementary School: Ayres,Campbell
  • HighSchool: Sterling
  • Junior High Dist: Valley RE 1
  • Middle Or Junior School: Sterling

Lot Info

  • Zoning: RES
  • Lot Size Sq Ft: 6250
  • Parcel #: 4804200
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 105.78

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 26400
  • Annual Operating Expense: 105.78

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2024
Closed on
Jun 8, 2024
Sold by
Johnson Jason and Johnson Jaclyn
Bought by
Jasper & Sage Llc
Seller's Agent
Erin Debus
Town Square Realty
Buyer's Agent
Callie Hood
Four Peaks Real Estate
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Views
25
Current Estimated Value
$227,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,681
Avg. Annual Appreciation
1.98%
Original Mortgage
$165,000
Outstanding Balance
$163,414
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$62,078

Purchase Details

Listed on
Mar 22, 2024
Closed on
May 15, 2024
Sold by
Annlee Properties 1 Llc
Bought by
Johnson Jason and Johnson Jaclyn
Seller's Agent
Erin Debus
Town Square Realty
Buyer's Agent
Callie Hood
Four Peaks Real Estate
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$163,414
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$62,078

Purchase Details

Listed on
Jul 28, 2022
Closed on
Dec 6, 2022
Sold by
Heiserman Jeffrey L
Bought by
Annlee Properties 1 Llc
Seller's Agent
Kimberly Fuller
Choice Real Estate
Buyer's Agent
Sheri LePore
Precision Homes Real Estate
List Price
$210,000
Sold Price
$205,000
Premium/Discount to List
-$5,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.57%
Original Mortgage
$153,750
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 28, 2022
Closed on
Oct 17, 2022
Sold by
Blea Amy L
Bought by
Heiserman Tammy A and Heiserman Jeffrey L
Seller's Agent
Kimberly Fuller
Choice Real Estate
Buyer's Agent
Sheri LePore
Precision Homes Real Estate
List Price
$210,000
Sold Price
$205,000
Premium/Discount to List
-$5,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2010
Sold by
Luth Sandra J
Bought by
Blea Amy L

Purchase Details

Closed on
Jul 21, 2010
Sold by
Luth Sandra J and Blea Amy L
Bought by
Luth Sandra J and Blea Amy L
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
Jasper & Sage Llc -- None Listed On Document
Johnson Jason $220,000 None Listed On Document
Johnson Jason $220,000 None Listed On Document
Annlee Properties 1 Llc -- --
Heiserman Tammy A $205,000 --
Blea Amy L -- None Available
Luth Sandra J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Jason $165,000
Closed Johnson Jason $165,000
Previous Owner Heiserman Tammy A $153,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $220,000 -2.2% $103 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $225,000 +9.8% $106 / Sq Ft
10/17/2022 10/17/22 Sold $205,000 -2.4% $96 / Sq Ft
09/07/2022 09/07/22 Pending -- -- --
07/28/2022 07/28/22 For Sale $210,000 -- $99 / 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 $124 $5,310 $0 $0
2023 $124 $5,310 $0 $0
2022 $365 $4,330 $1,060 $3,270
2021 $364 $4,550 $1,120 $3,430
2020 $489 $7,740 $830 $6,910
2019 $326 $7,700 $830 $6,870
2018 $330 $3,900 $740 $3,160
2017 $325 $18,950 $3,610 $15,340
2015 $507 $17,750 $3,060 $14,690
2014 $507 $17,160 $2,450 $14,710
2013 $507 $17,160 $2,450 $14,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 1005588

IRES MLS

APN: 4804200