NOT LISTED FOR SALE

525 Bay State Ave Unit 525-523 Pueblo, CO 81004

Bessemer Neighborhood

Estimated Value: $220,000 - $229,000

6 Beds
2 Baths
2,760 Sq Ft
$81/Sq Ft Est. Value

Last Sold May 01, 2017

Last sale price $75,000 $27 Per Sq Ft

Est. 198% increase in value since last sale

Current estimated payment $1,298/month

Highlights

  • Newly Painted Property
  • Corner Lot
  • Covered Patio or Porch
  • Ranch Style House
  • No HOA
  • Wood Frame Window

About This Home

As of May 2017

Investors take note on the return of this cash cow. Ready to Rent today. You do the math. 2760 total square footage, 1380 square feet in each unit. New paint, new carpet, newer roof, newer sewer and water lines, newer HVAC units as well. All the heavy lifting has been done. If it doesn't sell fast I will rent them out myself and take off market. Pueblo has a huge housing shortage. I have been getting $1,000 a month gross for the past 7 years. Might be able to get $600 a unit. Very little maintenance expense. This opportunity will not last, better hurry.

Last Agent to Sell the Property

Jasper Kenney

Sierra Grande Investments LLC License #FA100024662 Listed on: 04/17/2017

Last Buyer's Agent

Jasper Kenney

Sierra Grande Investments LLC License #FA100024662 Listed on: 04/17/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $441

Year Built

  • Built in 1924

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 53 x 80
  • Aluminum or Metal Fence
  • Corner Lot
  • Landscaped with Trees
  • Property is in good condition

Parking

  • On-Site Parking

Home Design

  • Duplex
  • Ranch Style House
  • Side-by-Side
  • Newly Painted Property
  • Frame Construction
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 2,760 Sq Ft Home
  • Ceiling Fan
  • Wood Frame Window
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Range
  • Dishwasher
  • No Kitchen Appliances
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • Ground Level

Community Details

  • No Home Owners Association
  • 2 Units
  • Central High School Subdivision

Listing and Financial Details

  • Total Actual Rent $1,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$441

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Directions: Corner of Spruce and Baystate
  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.1
  • Lot Size: 53 x 80
  • Road Surface Type: Paved
  • Subdivision Name: Central High School
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Side by Side
  • Year Built: 1924
  • NAV29_Unit_1_Level: M
  • NAV29_Unit_2_Level: M
  • NAV29_Water_Heater: Gas
  • NAV29_Sep_Gas_Meters: Yes
  • NAV29_Sep_Wtr_Meters: No
  • NAV29_Sep_Elec_Meters: No
  • NAV29_Unit_1_Condition: Good
  • NAV29_Unit_2_Condition: Good
  • NAV29_Unit_1_Appliances: Yes
  • NAV29_Unit_2_Appliances: Yes
  • NAV29_Unit_3_Appliances: No
  • NAV29_Unit_4_Appliances: No
  • NAV29_Unit_5_Appliances: No
  • NAV29_Unit_6_Appliances: No
  • NAV29_Unit_7_Appliances: No
  • NAV29_Unit_8_Appliances: No
  • NAV29_rets_property_type: Residential Income
  • Special Features: None

Interior Features

  • Appliances: Dishwasher-All, Garbage Disposal-Some, Electric Range-All, Refrigerator-All, Garbage Disposal-All
  • Interior Amenities: Ceiling Fan(s), New Paint
  • Has Basement: Full, Finished
  • Private Spa: No
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Window Features: Wood Frames

Exterior Features

  • Roof: Composition
  • Fencing: Metal Fence-Rear
  • Lot Features: Corner Lot, Trees-Rear, Trees-Front
  • Disclosures: 0
  • Construction Type: Frame, Copper Plumbing
  • Patio And Porch Features: Porch-Covered-Rear, Porch-Covered-Front

Garage/Parking

  • Attached Garage: No
  • Open Parking: No
  • Parking Features: On Site
  • NAV29_Unit_1_Garage: 0
  • NAV29_Unit_2_Garage: 0

Utilities

  • Cooling: Roof Evap
  • Heating: Natural Gas, Forced Air
  • Electric: BlackHills
  • Sewer: Public Sewer
  • Laundry Features: W/D Hookups in Some Units
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public
  • Gas Company: Xcel

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

  • Junior High Dist: d-60

Lot Info

  • Zoning: R-3
  • Lot Size Sq Ft: 4356
  • Additional Parcels: No
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 1100
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 441

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2021
Sold by
Marach Shawn and Ball Aleczandra
Bought by
Morales Carlos and Morales Ashley
Current Estimated Value
$223,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Outstanding Balance
$170,218
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$69,665

Purchase Details

Closed on
May 22, 2019
Sold by
Muniz Tyrone A
Bought by
Marach Shawn and Ball Aleczandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,625
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2018
Sold by
Mogo Realty Llc
Bought by
Muniz Tyrone A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,625
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 17, 2017
Closed on
May 1, 2017
Sold by
Sierra Grande Investments Llc
Bought by
Mogo Realty Llc
Seller's Agent
Jasper Kenney
Sierra Grande Investments LLC
Buyer's Agent
Jasper Kenney
Sierra Grande Investments LLC
List Price
$74,900
Sold Price
$75,000
Premium/Discount to List
$100
0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.98%

Purchase Details

Closed on
Oct 13, 2010
Sold by
Us Bank Na
Bought by
Sierra Grande Investments Llc

Purchase Details

Closed on
Nov 30, 2006
Sold by
Lail Belinda C
Bought by
Lail Belinda C and Lail Vernon R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,850
Interest Rate
9.95%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 30, 2006
Sold by
Dlj Mortgage Capital Inc
Bought by
Lail Belinda C

Purchase Details

Closed on
Feb 23, 2006
Sold by
Washington Mutual Bank
Bought by
Dlj Mortgage Capital Inc

Purchase Details

Closed on
Feb 1, 2006
Sold by
Mcmachen Matthew J
Bought by
Washington Mutual Home Loans

Purchase Details

Closed on
Sep 27, 2004
Sold by
Three Weasels Inc
Bought by
Mcmachen Matthew J

Purchase Details

Closed on
Aug 5, 2004
Sold by
Tonto Investments Inc
Bought by
Three Weasels Inc

Purchase Details

Closed on
Jul 10, 2002
Sold by
Martinez Donna F
Bought by
Tonto Investments Inc

Purchase Details

Closed on
Jul 28, 1998
Sold by
Leek Max E + Yvonne B
Bought by
Martinez Donna F

Purchase Details

Closed on
Jul 14, 1998
Sold by
Figueroa Elissa
Bought by
Leek Max E + Yvonne B

Purchase Details

Closed on
Jul 27, 1995
Bought by
Figueroa Elissa

Purchase Details

Closed on
May 26, 1987
Bought by
Leek Max E + Yvonne B
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
Morales Carlos $232,000 Fidelity National Title
Marach Shawn $127,500 Land Title Guarantee
Muniz Tyrone A $79,500 Land Title Guarantee Co
Mogo Realty Llc $75,000 Land Title Guarantee Company
Sierra Grande Investments Llc $31,500 Chicago Title Co
Lail Belinda C -- Security Title
Lail Belinda C $61,000 None Available
Dlj Mortgage Capital Inc -- None Available
Washington Mutual Home Loans -- None Available
Mcmachen Matthew J $140,000 --
Three Weasels Inc -- --
Tonto Investments Inc $36,000 --
Martinez Donna F $35,500 --
Leek Max E + Yvonne B -- --
Figueroa Elissa $30,500 --
Leek Max E + Yvonne B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Carlos $185,600
Previous Owner Marach Shawn $95,625
Previous Owner Muniz Tyrone A $59,625
Previous Owner Lail Belinda C $51,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2017 05/01/17 Sold $75,000 +0.1% $27 / Sq Ft
04/17/2017 04/17/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $74,900 -- $27 / Sq Ft
Source: Pueblo Association of REALTORS®

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 $1,005 $10,170 -- --
2023 $1,011 $13,860 $1,010 $12,850
2022 $818 $8,240 $430 $7,810
2021 $863 $8,670 $450 $8,220
2020 $722 $8,670 $450 $8,220
2019 $722 $7,152 $228 $6,924
2018 $519 $5,732 $230 $5,502
2017 $455 $5,732 $230 $5,502
2016 $441 $4,859 $254 $4,605
2015 $440 $4,859 $254 $4,605
2014 $472 $5,200 $254 $4,946
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pueblo Association of REALTORS®

MLS Number: 166588

Pueblo Association of REALTORS®

APN: 1-5-12-2-23-033