NOT LISTED FOR SALE

501 1st St Pierce, CO 80650

Estimated Value: $248,851 - $529,000

2 Beds
2 Baths
3,136 Sq Ft
$124/Sq Ft Est. Value

Last Sold May 16, 2016

Last sale price $125,000 $40 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $1,940/month

31 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Partially Fenced Property
  • Evaporated cooling system
  • East Facing Home
  • 1-Story Property

About This Home

As of May 2016

Commercial/residential in the heart of Peirce! The property has a nice residential unit with an attached show room. Located on a busy corner with great visibility. Property was used as a photo studio and has many great landscaping features.

Last Agent to Sell the Property

Lawrence Moskow

Parkside Realty and Management Listed on: 03/16/2016

Last Buyer's Agent

Anne White

Austin & Austin Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $488

Year Built

  • Built in 1957

Lot Details

  • 10,500 Sq Ft Lot
  • East Facing Home
  • Partially Fenced Property
  • Wood Fence

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 3,136 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Schools

  • Highland Elementary And Middle School
  • Highland School

Utilities

  • Evaporated cooling system
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for gas, electricity, water
  • Assessor Parcel Number R0676886

Community Details

Overview

  • No Home Owners Association
  • Pierce 1St Add Subdivision

Building Details

  • Gross Income $15,600
  • Net Operating Income $11,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$488

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Year Built: 1957
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.24
  • Road Frontage Type: City Street
  • Subdivision Name: Pierce 1st Add
  • Directions: US 85 to Pierce, west on Main St, SW corner of 1st and Main St.
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3136
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family, Commercial, Commercial or Industrial
  • Private Spa: No
  • Appliances: Some Appliances
  • Has Basement: Unfinished
  • Total Bedrooms: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial, Wood
  • Waterfront: No
  • Construction Type: Stucco
  • Direction Faces: East
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Evaporative Cooling
  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water, Town of Pierce
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Highland
  • HighSchool: Highland
  • Junior High Dist: Ault-Highland RE-9
  • Middle Or Junior School: Highland

Lot Info

  • Zoning: Commercial
  • Lot Size Sq Ft: 10500
  • Parcel #: R0676886
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity, Water

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 488

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 15600
  • Income Includes: ["Lease/Rents"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2017
Sold by
Mann Richard Wesley
Bought by
Mann Richard Edward and Sherohman Rhonda Ann
Current Estimated Value
$329,159

Purchase Details

Closed on
Jun 1, 2017
Sold by
Ferlic David Gordon and Ferlic Patricia Sher
Bought by
Lukela Julie Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 16, 2016
Closed on
May 16, 2016
Sold by
2001 Residential Trust
Bought by
Ferlic David Gordon and Ferlic Patricia Sher
Seller's Agent
Lawrence Moskow
Parkside Realty and Management
Buyer's Agent
Anne White
Austin & Austin Real Estate
List Price
$139,000
Sold Price
$125,000
Premium/Discount to List
-$14,000
-10.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.43%

Purchase Details

Listed on
Sep 17, 2013
Closed on
Jan 14, 2014
Sold by
Secretary Of Housing & Urban Development
Bought by
2001 Residential Trust
Seller's Agent
Mark Ferguson
Blue Steel Real Estate, Inc.
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$97,125
Sold Price
$65,000
Premium/Discount to List
-$32,125
-33.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.24%

Purchase Details

Closed on
Nov 30, 2012
Sold by
Houglum Gary A
Bought by
Bank Of America Na

Purchase Details

Closed on
Nov 28, 2012
Sold by
Bank Of America Na
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
May 11, 2006
Sold by
Preshaw Richard S
Bought by
Houglum Gary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,300
Interest Rate
6.36%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 19, 2005
Sold by
Deutsche Bank National Trust Co
Bought by
Preshaw Richard S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 2005
Sold by
Price James R and Price Rhonda Jean
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Feb 14, 1997
Sold by
Jean Price Rhonda
Bought by
Price Rhonda Jean and Price James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,646
Interest Rate
7.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 1995

Purchase Details

Closed on
May 10, 1994
Sold by
Price James R
Bought by
Price Fran

Purchase Details

Closed on
Sep 18, 1991

Purchase Details

Closed on
Feb 18, 1981
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Mann Richard Edward -- None Listed On Document
Lukela Julie Lynn $155,000 Chicago Title Co
Ferlic David Gordon $125,000 Heritage Title Company
2001 Residential Trust $65,000 Stewart Title
Bank Of America Na -- None Available
Secretary Of Housing & Urban Development -- None Available
Houglum Gary A $110,000 None Available
Preshaw Richard S $57,000 None Available
Deutsche Bank National Trust Co -- --
Price Rhonda Jean -- --
-- -- --
Price Fran $25,000 --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lukela Julie Lynn $112,000
Previous Owner Houglum Gary A $108,300
Previous Owner Preshaw Richard S $57,000
Previous Owner Price Rhonda Jean $63,646
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2020 05/03/20 Off Market $65,000 -- --
01/28/2019 01/28/19 Off Market $125,000 -- --
05/16/2016 05/16/16 Sold $125,000 -10.1% $40 / Sq Ft
04/16/2016 04/16/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $139,000 +113.8% $44 / Sq Ft
01/14/2014 01/14/14 Sold $65,000 -33.1% $21 / Sq Ft View Prior Sale
12/15/2013 12/15/13 Pending -- -- --
09/17/2013 09/17/13 For Sale $97,125 -- $31 / 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 $2,836 $61,900 $4,540 $57,360
2024 $2,836 $61,900 $4,540 $57,360
2023 $2,333 $48,920 $5,440 $43,480
2022 $2,433 $36,750 $3,830 $32,920
2021 $2,518 $37,190 $3,880 $33,310
2020 $1,531 $22,700 $3,530 $19,170
2019 $1,611 $22,700 $3,530 $19,170
2018 $928 $12,890 $1,370 $11,520
2017 $930 $12,890 $1,370 $11,520
2016 $487 $6,880 $1,200 $5,680
2015 $488 $6,880 $1,200 $5,680
2014 $556 $7,810 $1,200 $6,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE785891

IRES MLS

APN: R0676886