NOT LISTED FOR SALE

518 N 2nd Ave Sterling, CO 80751

Estimated Value: $157,137 - $253,000

6 Beds
2 Baths
1,986 Sq Ft
$93/Sq Ft Est. Value

Last Sold August 23, 2012

Last sale price $60,000 $30 Per Sq Ft

Est. 206% increase in value since last sale

Current estimated payment $1,005/month

16 Days on Market

Highlights

  • City View
  • Forced Air Heating System
  • Level Lot
  • No HOA
  • Partially Fenced Property
  • 2-minute walk to Prairie Park

About This Home

As of August 2012

Three units for the price of one with a good income stream and minimal maintenance for each unit.

Last Agent to Sell the Property

Dennis Wilcox

RE/MAX Homestead Northeast Listed on: 07/29/2012

RE/MAX Homestead Northeast

Last Buyer's Agent

Carol Waterman

Choice Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $789

Year Built

  • Built in 1911

Lot Details

  • 0.37 Acre Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,986 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • City Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Exterior Lighting

Schools

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

Utilities

  • Forced Air Heating System
  • Space Heater

Listing and Financial Details

  • Assessor Parcel Number 38052529313008

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Call Office Subdivision

Building Details

  • Gross Income $17,010
  • Net Operating Income $13,821

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$789

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Year Built: 1911
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.37
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Call office
  • Above Grade Finished Sq Ft: 1986
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Kitchen Level: Main
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1986
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Accessibility Features: Level Lot
  • Has Basement: None
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Living Area: 1986
  • Window Features: Window Coverings
  • IRESDS_HasFamilyRoom: No
  • Master Bedroom Master Bedroom Level: Main
  • Master Bedroom Master Bedroom Width: 13
  • Master Bedroom Features: Carpet
  • Room Kitchen Features: Vinyl Floor
  • Room Kitchen Area: 144
  • Room Master Bedroom Area: 156
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Sidewalks
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Exterior Features: Lighting
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Attached Garage: No
  • IRESDS_GarageType: None

Utilities

  • Electric: Electric, Xcel
  • Heating: Forced Air, Space Heater
  • 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_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: 16322
  • Parcel #: 38052529313008
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 789

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 17010
  • Annual Operating Expense: 3189

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2012
Closed on
Aug 23, 2012
Sold by
Dodds Franklin E
Bought by
Hercher John W
Seller's Agent
Dennis Wilcox
RE/MAX Homestead Northeast
Buyer's Agent
Carol Waterman
Choice Real Estate
List Price
$70,000
Sold Price
$60,000
Premium/Discount to List
-$10,000
-14.29%
Current Estimated Value
$183,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,784
Avg. Annual Appreciation
8.89%

Purchase Details

Closed on
Feb 16, 2012
Sold by
Enyaw 2 Llc
Bought by
Dodds Franklin E

Purchase Details

Closed on
Jun 8, 2007
Sold by
C W S Investments Llc
Bought by
Enyaw 2 L L C

Purchase Details

Closed on
Dec 5, 2006
Sold by
Samples Curtis W
Bought by
C W S Investments Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hercher John W $60,000 Stewart Title
Dodds Franklin E -- None Available
Enyaw 2 L L C -- None Available
C W S Investments Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2020 05/03/20 Off Market $60,000 -- --
08/23/2012 08/23/12 Sold $60,000 -14.3% $30 / Sq Ft
07/29/2012 07/29/12 For Sale $70,000 -- $35 / 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 $320 $7,880 $0 $0
2023 $320 $7,880 $0 $0
2022 $572 $6,800 $2,770 $4,030
2021 $2,624 $7,160 $2,920 $4,240
2020 $639 $15,180 $2,170 $13,010
2019 $637 $15,080 $2,160 $12,920
2018 $538 $6,350 $1,940 $4,410
2017 $529 $30,860 $9,430 $21,430
2015 $689 $32,690 $8,000 $24,690
2014 $689 $34,910 $8,000 $26,910
2013 $689 $34,910 $8,000 $26,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 687733

IRES MLS

APN: 38052529313008