NOT LISTED FOR SALE

Estimated Value: $916,311

Studio
-- Bath
6,112 Sq Ft
$150/Sq Ft Est. Value

Sale Details

Date Sold: April 13, 2017

Last sale price $580,000 $95 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $6,081 / mo

34 Days on Market

Highlights

  • City View
  • No HOA
  • Patio
  • 0.49 Acre Lot
  • Brick Veneer
  • Forced Air Heating and Cooling System

About This Home

As of April 2017

Fully leased, highly visible 6,112 professional office building with monument signage on 20th Street. Includes 3 common area restrooms and 2 kitchen areas with walk-out patios. Located in the heart of Greeley's office market. Spacious, high-quality craftsmanship with lots of natural light. Seller is willing to lease back 1,500 sf (Suite A), or an owner-user investor could benefit by occupying Suite A with solid tenants in the remainder of the property.

Last Agent to Sell the Property

Randy Marshall

Colorado Commercial, Ltd Listed on: 01/27/2017

Co-Listed By

Non-IRES Agent

Non-IRES

Last Buyer's Agent

Jessica Pike

RE/MAX Alliance-Windsor License #100025860

RE/MAX Alliance-Windsor

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1994

Lot Details

  • 0.49

Home Design

  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 6,112 Sq Ft Home
  • 2-Story Property
  • City Views
  • Walk-Out Basement

Outdoor Features

  • Patio
  • Exterior Lighting

Schools

  • Scott Elementary School
  • Union Colony Middle School
  • Greeley West High School

Additional Features

  • 21,504 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, taxes, insurance, exterior maintenance, trash collection, HVAC maintenance
  • Assessor Parcel Number R7512199

Community Details

Overview

  • No Home Owners Association
  • Hiland Park 2 Rplt Subdivision

Building Details

  • Gross Income $67,200
  • Net Operating Income $42,752

Property Details

Home Type

Multi-Family

Year Built

Built in 1994

Lot Details

0.49 Acres

Listing Details

  • Year Built: 1994
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.49
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Co List Office Mls Id: COOP
  • Subdivision Name: Hiland Park 2 RPLT
  • Directions: 200 yards east of 57th Avenue with frontage on 20th Street
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 6112
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Commercial or Industrial
  • Private Spa: No
  • Appliances: All Appliances
  • Has Basement: Walk-Out Access
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet
  • View: City
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Exterior Features: Lighting
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Central Air
  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Greeley
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Scott
  • HighSchool: Greeley West
  • Junior High Dist: Greeley 6
  • Middle Or Junior School: Union Colony

Lot Info

  • Zoning: Commercial
  • Lot Size Sq Ft: 21504
  • Parcel #: R7512199
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Taxes, Insurance, Exterior Maintenance, Trash Collection, HVAC Maintenance

Multi Family

  • Annual Gross Income: 67200
  • Income Includes: ["Lease/Rents","Common Area Fees"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2017
Closed on
Apr 13, 2017
Sold by
The Delbert G Miles Trust No 1
Bought by
Park Place Plaza Re Llc
Seller's Agent
Randy Marshall
Colorado Commercial, Ltd
Buyer's Agent
Jessica Pike
RE/MAX Alliance-Windsor
List Price
$625,000
Sold Price
$580,000
Premium/Discount to List
-$45,000
-7.2%
Current Estimated Value
$916,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,311
Avg. Annual Appreciation
5.24%
Original Mortgage
$434,000
Outstanding Balance
$208,503
Interest Rate
4.1%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$707,808

Purchase Details

Closed on
May 16, 2001
Sold by
Miles Delbert G
Bought by
Miles Delbert G and Miles Carol L

Purchase Details

Closed on
May 31, 1994
Bought by
Miles Delbert G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Park Place Plaza Re Llc $580,000 Fidelity National Title
Miles Delbert G -- --
Miles Delbert G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Place Plaza Re Llc $434,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2019 01/28/19 Off Market $580,000 -- --
04/13/2017 04/13/17 Sold $580,000 -7.2% $95 / Sq Ft
03/02/2017 03/02/17 Pending -- -- --
01/27/2017 01/27/17 For Sale $625,000 -- $102 / Sq Ft
Source: IRES MLS

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
2025 $13,751 $198,020 $49,350 $148,670
2024 $13,751 $198,020 $49,350 $148,670
2023 $13,113 $170,530 $51,000 $119,530
2022 $14,683 $168,390 $53,010 $115,380
2021 $14,725 $168,390 $53,010 $115,380
2020 $6,608 $75,800 $43,650 $32,150
2019 $15,055 $172,250 $43,650 $128,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE811293

IRES MLS

APN: R7512199

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