NOT LISTED FOR SALE
10 Beds
6 Baths
17,461 Sq Ft
0.7 Acres Lot

Sale Details

Date Sold: August 29, 2016

Last sale price $2,150,000 $123 Per Sq Ft

91 Days on Market

Highlights

  • 0.7 Acre Lot
  • No HOA
  • Hot Water Heating System
  • Central Elementary School Rated A-
  • Brick Veneer
  • 5-minute walk to Roosevelt Park

About This Home

As of August 2016

Rare opportunity to purchase a Two-building Multi-family Portfolio, 513 and 521 Terry Street, in Old Town Longmont. Old Town Longmont has seen significant revitalization and redevelopment during recent years. This property is conveniently located two blocks west of Main Street. one block from Thompson Park and 1.5 blocks from Roosevelt Park. Roosevelt Park has facilities, walking trails and ice skating during the winter months. 513 Terry consists of 8 units and 521 Terry contains 10 units.

Last Agent to Sell the Property

Keith Kanemoto

RE/MAX Elevate License #40009659 Listed on: 03/29/2016

Last Buyer's Agent

Phil Dankner

Unique Properties License #100052493

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,000

Year Built

  • Built in 1926

Lot Details

  • 30,335 Sq Ft Lot
  • Sprinkler System

Home Design

  • Brick Veneer
  • Foam Roof

Interior Spaces

  • 17,461 Sq Ft Home
  • 2-Story Property
  • Gas Oven or Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Schools

  • Longmont High School

Utilities

  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for deposit
  • Assessor Parcel Number R0045152

Community Details

Overview

  • No Home Owners Association
  • 18 Units
  • Longmont Ot Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • Gross Income $188,676
  • Net Operating Income $131,776

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,000

Year Built

Built in 1926

Lot Details

0.7 Acres

Listing Details

  • Year Built: 1926
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.7
  • Road Surface Type: Paved
  • Subdivision Name: Longmont Ot
  • Unit Levels: Bi-Level
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 17461
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Gas Range/Oven
  • Has Basement: Unfinished
  • Total Bedrooms: 10
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Foam
  • Lot Features: Sidewalks, Lawn Sprinkler System
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Longmont
  • Heating: Hot Water
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Common Area
  • Heating Yn: Yes
  • Water Source: City Water, City of Longmont
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Community Features: Extra Storage
  • Senior Community: No
  • Association: No

Schools

  • Elementary School: OTHER
  • HighSchool: Longmont
  • Junior High Dist: ST Vrain Dist RE 1J
  • Middle Or Junior School: OTHER

Lot Info

  • Zoning: CBD
  • Lot Size Sq Ft: 30335
  • Parcel #: R0045152
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit

Multi Family

  • Number Of Units Total: 18
  • Annual Gross Income: 188676
  • Income Includes: ["Lease/Rents","Common Area Fees","Laundry"]

Tax Info

  • Tax Annual Amount: 12000
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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
01/28/2019 01/28/19 Off Market $2,150,000 -- --
08/29/2016 08/29/16 Sold $2,150,000 -16.5% $123 / Sq Ft
06/28/2016 06/28/16 Pending -- -- --
03/29/2016 03/29/16 For Sale $2,575,000 -- $147 / 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
2025 $27,731 $274,346 $26,833 $247,513
2024 $29,395 $252,157 $24,663 $227,494
2023 $29,014 $292,033 $28,522 $267,196
2022 $24,742 $238,000 $22,916 $215,084
2021 $25,634 $250,250 $24,096 $226,154
2020 $20,835 $203,990 $24,096 $179,894
2019 $20,523 $203,990 $24,096 $179,894
2018 $15,478 $154,800 $19,584 $135,216
2017 $15,278 $171,140 $21,651 $149,489
2016 $0 $72,755 $9,632 $63,123
2014 -- $72,755 $9,632 $63,123
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE786810

IRES MLS
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