NOT LISTED FOR SALE

5523 Newland Way Arvada, CO 80002

Estimated Value: $601,000 - $652,000

4 Beds
2 Baths
1,820 Sq Ft
$345/Sq Ft Est. Value

Last Sold November 13, 2023

Last sale price $626,000 $344 Per Sq Ft

Current estimated payment $3,628/month

49 Days on Market

Highlights

  • No Units Above
  • Private Yard
  • Front Porch
  • Wood Flooring
  • No HOA
  • Eat-In Kitchen

About This Home

As of November 2023

Brand new roof, gutters and 2 furnaces just installed!!! Beautiful solid brick ranch side-by-side duplex near Olde Town Arvada! Do not miss this incredible investment opportunity! Two 910 SF rental units with 2 beds and 1 bath each side. Both units are occupied by great tenants! Original exposed hardwood flooring in unit 5527 bedrooms. Both units have large fenced-in back yards and plenty of storage. Two parking spaces for each tenant on the driveway and plenty of on-street parking for guests. Awesome location! Close to Olde Town Arvada, shops and restaurants with great proximity to downtown Denver and Golden! Less than 1 mile to Olde Town Arvada Light Rail Station. Must see!

Last Agent to Sell the Property

Stephanie Tamblyn

Tamblyn Real Estate Investments LLC License #40022100 Listed on: 09/11/2023

Last Buyer's Agent

Christina Johnson

HomeSmart License #40038638

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,779

Year Built

  • Built in 1963

Lot Details

  • 8,177 Sq Ft Lot
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • East Facing Home
  • Dog Run
  • Property is Fully Fenced
  • Level Lot
  • Private Yard
  • Garden

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,820 Sq Ft Home
  • 1-Story Property
  • Wired For Data
  • Ceiling Fan
  • Crawl Space
  • Carbon Monoxide Detectors
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Patio
  • Front Porch

Location

  • Ground Level

Schools

  • Secrest Elementary School
  • Arvada K-8 Middle School
  • Arvada High School

Utilities

  • Mini Split Air Conditioners
  • Forced Air Heating System
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Unit 5523: Washer, Dryer, Microwave, Boat, ATV, Tan Plastic Shed in back yard and tenant`s personal property; Unit 5527: Washer, Dryer, Microwave, Freezer, curtain rods and curtains in living room and bedrooms, shower curtain in bathroom and tenant`s personal property.
  • Tenant pays for cable TV, electricity, gas, grounds care, internet, telephone, trash collection
  • The owner pays for insurance, taxes, water
  • Assessor Parcel Number 005542

Community Details

Overview

  • No Home Owners Association
  • Winns Subdivision

Building Details

  • Operating Expense $5,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,779

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Structure Type: Duplex
  • Levels: One
  • Year Built: 1963
  • Above Grade Finished Sq Ft: 1820
  • Entry Location: Ground
  • Exclusions: Unit 5523: Washer, Dryer, Microwave, Boat, ATV, Tan Plastic Shed in back yard and tenant`s personal property; Unit 5527: Washer, Dryer, Microwave, Freezer, curtain rods and curtains in living room and bedrooms, shower curtain in bathroom and tenant`s personal property.
  • Living Area: 1820
  • Directions: Wadsworth and 55th or 56th east to Newland Way. Duplex is located on the west side of Newland between 55th and 56th.
  • SubdivisionName: Winns
  • Ownership: Estate
  • ResoBuildingAreaSource: Appraiser
  • REC_ExpectedActiveDate: 2023-09-12
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 1.07009
  • Special Features: VirtualTour

Interior Features

  • Appliances: Disposal, Gas Water Heater, Range, Range Hood, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, No Stairs, Wired for Data
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Common Walls: End Unit, No One Above, No One Below, 1 Common Wall
  • Basement: Crawl Space
  • Basement: No
  • Total Bedrooms: 4

Exterior Features

  • Direction Faces: East
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Construction Materials: Brick, Frame
  • Exterior Features: Dog Run, Garden, Private Yard
  • Patio and Porch Features: Front Porch, Patio

Garage/Parking

  • Parking Features: Driveway-Gravel
  • Attached Garage: No
  • Total Parking Spaces: 4
  • REC_ParkingCount: 1

Utilities

  • Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
  • Sewer: Public Sewer
  • Cooling: Air Conditioning-Room
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: In Unit, Main Level
  • Security: Carbon Monoxide Detector(s)

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00
  • REC_MultipleAssociationsYN: 0

Fee Information

  • Operating Expense: 5540

Schools

  • Middle Or Junior School: Arvada K-8

Lot Info

  • Parcel Number: 005542
  • Lot Size Acres: 0.19
  • Fencing: Full
  • Building Area Total: 1820
  • Lot Features: Level
  • Lot Size Sq Ft: 8177
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Insurance, Taxes, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, Internet, Telephone, Trash Collection

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2779

MLS Schools

  • Elementary School: Secrest
  • High School: Arvada

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2023 11/13/23 Sold $626,000 +0.2% $344 / Sq Ft
11/01/2023 11/01/23 Pending -- -- --
10/28/2023 10/28/23 Price Changed $625,000 0.0% $343 / Sq Ft
10/28/2023 10/28/23 For Sale $625,000 -0.2% $343 / Sq Ft
09/14/2023 09/14/23 Off Market $626,000 -- --
09/12/2023 09/12/23 For Sale $585,000 -- $321 / Sq Ft
Source: REcolorado®

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 $3,544 $36,534 $14,752 $21,782
2023 $3,544 $36,534 $14,752 $21,782
2022 $2,779 $28,372 $10,492 $17,880
2021 $2,887 $29,832 $11,032 $18,800
2020 $2,670 $27,670 $10,728 $16,942
2019 $2,634 $27,670 $10,728 $16,942
2018 $2,176 $22,226 $6,029 $16,197
2017 $1,992 $22,226 $6,029 $16,197
2016 $1,750 $18,394 $5,276 $13,118
2015 $1,426 $18,394 $5,276 $13,118
2014 $1,426 $14,082 $4,872 $9,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 5575407

REcolorado®

APN: 39-132-05-004