Seller's Agent in 2023
Steven Pilkington
Real Broker, LLC DBA Real
(720) 410-9962
1 in this area
178 Total Sales
5355 Quitman St Denver, CO 80212
Berkley NeighborhoodEstimated Value: $694,000 - $913,000
8
Beds
4
Baths
3,400
Sq Ft
$246/Sq Ft
Est. Value
Highlights
- Deck
- Private Yard
- 1-Story Property
- Traditional Architecture
- 2 Car Attached Garage
- Forced Air Heating System
About This Home
As of March 2023Excellent investment opportunity near Regis University. Renovated turnkey currently generating $79,200 ($1,650 per unit x 4) of gross revenue all for under a Million! This is a side by side Duplex being operated as a non-conforming Quadplex. 8 beds, 4 baths, 4 kitchens, 4 Livingroom’s, 4 washer/dryer hook-ups, 4 entrances, 2 furnaces. Two entrances front upper/ two entrances back lower. Renovated throughout with New roof, new gutters, new windows, new paint, new laminate, newer carpet, renovated bathrooms and kitchens. Two oversized 1-car garages, one currently included in a lease, one available for owner use or lease to tenant for additional income.
Great potential future redevelopment opportunity (large 13,300 lot) to scrape and build two high-end duplex buildings with mountain views (See examples one block to the west on Raleigh). Buyer to verify all future zoning and redevelopment uses.
The EXCLUSIVE 2.5% CRA Incentive Program
5355 QUITMAN ST is located in a “low” or “moderate” income federal census tract. This allows buyers to potentially qualify for 2.5% pricing incentive based on the loan amount. Only federal banks are required to meet the strict guidelines as part of the Community Reinvestment Act.
Guardian Mortgage is offering a 2.5% pricing incentive on MOST loan types for your listing. This incentive significantly lowers closing costs, allowing the borrower more flexibility. There is no cost to this to the buyer or the seller for participation with this incentive. The only requirement is that the buyer finances through Guardian Mortgage. Investors and second-home buyers are also potentially eligible with certain qualifications.
If the pricing incentive is applied to buy down the interest rate on a 30-year fixed rate mortgage, then savings can be significantly below standard rate options available in the market!
Please reach out with any questions,
Ryan DeSchryver
Mortgage Branch Manager
NMLS #582899
RyanD@gmc-inc.com
C:(208) 755-1088
Last Agent to Sell the Property
Real Broker, LLC DBA Real License #100023203 Listed on: 11/01/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,728
Year Built
- Built in 1971 | Remodeled
Lot Details
- 0.31 Acre Lot
- Private Yard
Parking
- 2 Car Attached Garage
- 6 Off-Street Spaces
Home Design
- Duplex
- Traditional Architecture
- Slab Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- 1-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Cooktop
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Outdoor Features
- Deck
Schools
- Tennyson Knolls Elementary School
- Scott Carpenter Middle School
- Westminster High School
Utilities
- Forced Air Heating System
- Master Meter
- Shared Gas Meter
- Shared Water Meter
- Phone Available
- Cable TV Available
Community Details
- Berkeley Gardens Subdivision
- Operating Expense $5,000
Listing and Financial Details
- Exclusions: Seller & Tenants' Personal Property
- Tenant pays for electricity
- The owner pays for trash collection, water
- Assessor Parcel Number R0105253
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 1, 2022
Closed on
Mar 7, 2023
Sold by
Colorado Reo Properties Llc
Bought by
San Derubin Cristian Mauricio
Seller's Agent
Steven Pilkington
Real Broker, LLC DBA Real
Buyer's Agent
Brady Efting
Compass - Denver
List Price
$950,000
Sold Price
$957,500
Premium/Discount to List
$7,500
0.79%
Views
44
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$121,572
Avg. Annual Appreciation
-4.67%
Original Mortgage
$525,000
Outstanding Balance
$511,245
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$324,683
Purchase Details
Closed on
Apr 12, 2021
Sold by
Mahomed Elizabeth R and Estate Of Reynaldo Porras Sr
Bought by
Colorado Reo Properties Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| San Derubin Cristian Mauricio | $957,500 | Chicago Title | |
| Colorado Reo Properties Llc | $540,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | San Derubin Cristian Mauricio | $525,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/07/2023 03/07/23 | Sold | $957,500 | +0.8% | $282 / Sq Ft |
| 01/21/2023 01/21/23 | Pending | -- | -- | -- |
| 11/01/2022 11/01/22 | For Sale | $950,000 | -- | $279 / Sq Ft |
Source: REcolorado®
Tax History Compared to Growth
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 | $7,641 | $50,250 | $11,060 | $39,190 |
| 2023 | $7,575 | $58,040 | $11,970 | $46,070 |
| 2022 | $6,094 | $36,940 | $12,040 | $24,900 |
| 2021 | $4,728 | $36,940 | $12,040 | $24,900 |
| 2020 | $3,807 | $30,120 | $12,660 | $17,460 |
| 2019 | $3,796 | $30,120 | $12,660 | $17,460 |
| 2018 | $3,473 | $27,340 | $9,720 | $17,620 |
| 2017 | $3,054 | $27,340 | $9,720 | $17,620 |
| 2016 | $2,821 | $17,670 | $5,250 | $12,420 |
| 2015 | $2,112 | $17,670 | $5,250 | $12,420 |
| 2014 | $1,863 | $14,860 | $4,180 | $10,680 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Pilkington
-
Brady Efting
Buyer's Agent in 2023
Brady Efting
Compass - Denver
(970) 381-7366
1 in this area
117 Total Sales
Map
Source: REcolorado®
MLS Number: 5752588
APN: 1825-18-1-09-007
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