NOT LISTED FOR SALE

Estimated Value: $378,000 - $466,014

3 Beds
1 Bath
1,284 Sq Ft
$329/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $390,000 $304 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,416/month

11 Days on Market

Highlights

  • 0.71 Acre Lot
  • 1-Story Property
  • West Facing Home
  • Corner Lot
  • Forced Air Heating System

About This Home

As of February 2023

HUGE Price Reduction!! Bring All Offers!! Scrape & Develop Opportunity!! Excellent multi-family development site with over 30,000 SF of land and located in Commerce City's "Residential High" land use area which will support the following zone districts: R-3, R-4, PUD, and MU-1. Currently Zoned R-2, a developer can subdivide the property into three duplex parcels to add six units or apply for a ZONE CHANGE to R-4 for example which will allow up to 40 units. Great opportunity to add density and well located off major thoroughfares Quebec Street and 56th Ave. Close proximity to The Shops at Northfield, Dick's Sporting Good Park, I-70 commuting, DIA, Fitzsimons medical campus, and more. This is strictly a land sale for development as the existing building structures are not habitable and not accessible. Buyer will be responsible for razing the structures and property clean up as part of the purchase. Property including all structures will be sold in As-is condition. Contact Commerce City Planning Division to confirm zoning and development options - 303.289.8137

Last Agent to Sell the Property

Jeff Piquette

Iron Works Realty Llc License #100017599 Listed on: 01/06/2023

Last Buyer's Agent

Sam Cardenas

RE/MAX Northwest Inc License #001276445

RE/MAX Northwest Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,833

Year Built

  • Built in 1951

Lot Details

  • 0.71 Acre Lot
  • West Facing Home
  • Corner Lot
  • Property is zoned R-2

Parking

  • 10 Parking Spaces

Home Design

  • Fixer Upper
  • Frame Construction

Interior Spaces

  • 1-Story Property
  • Unfinished Basement

Schools

  • Rose Hill Elementary School
  • Kearney Middle School
  • Adams City High School

Utilities

  • Forced Air Heating System

Community Details

  • Creston Subdivision

Listing and Financial Details

  • Assessor Parcel Number R0140395

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,833

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Structure Type: House
  • Levels: One
  • Above Grade Price per Sq Ft: 303.74
  • Finished Price per Sq Ft: 303.74
  • Total Price per Sq Ft: 170.16
  • Year Built: 1951
  • Above Grade Finished Sq Ft: 1284.00
  • Below Grade Sq Ft: 1008.00
  • Living Area: 1284.00
  • Offstreet Spaces: 10
  • P P A: 549295.77
  • Submitted Prospect: Yes
  • Water Included: Yes
  • Property Condition: Fixer
  • SubdivisionName: Creston
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Basement: Yes

Exterior Features

  • Direction Faces: West
  • Roof: Unknown
  • Construction Materials: Frame

Garage/Parking

  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Public

Schools

  • Middle Or Junior School: Kearney

Lot Info

  • Parcel Number: R0140395
  • Lot Size Acres: 0.71
  • Building Area Total: 2292.00
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 30786.00

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1833.00

MLS Schools

  • Elementary School: Rose Hill
  • High School: Adams City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2023
Closed on
Feb 21, 2023
Sold by
Cromwell Larry Dean
Bought by
Abed Luay T and Tobya Tareq A
Seller's Agent
Jeff Piquette
Iron Works Realty Llc
Buyer's Agent
Sam Cardenas
RE/MAX Northwest Inc
List Price
$550,000
Sold Price
$390,000
Premium/Discount to List
-$160,000
-29.09%
Views
16
Current Estimated Value
$415,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,087
Avg. Annual Appreciation
2.86%
Original Mortgage
$140,000
Outstanding Balance
$133,509
Interest Rate
10%
Mortgage Type
New Conventional
Estimated Equity
$289,495

Purchase Details

Closed on
Nov 29, 2001
Sold by
Cromwell Larry D and Cromwell Gracie J
Bought by
Ricottone Nico
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Abed Luay T $390,000 Land Title Guarantee
Ricottone Nico $100,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abed Luay T $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2023 02/21/23 Sold $390,000 -21.2% $304 / Sq Ft
01/17/2023 01/17/23 Pending -- -- --
01/11/2023 01/11/23 Price Changed $495,000 -10.0% $386 / Sq Ft
01/06/2023 01/06/23 For Sale $550,000 -- $428 / 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 $2,977 $24,120 $5,310 $18,810
2023 $2,031 $33,820 $5,750 $28,070
2022 $1,807 $27,050 $5,770 $21,280
2021 $1,833 $27,050 $5,770 $21,280
2020 $1,606 $24,970 $5,010 $19,960
2019 $1,602 $24,970 $5,010 $19,960
2018 $1,298 $21,260 $4,460 $16,800
2017 $1,233 $21,260 $4,460 $16,800
2016 $602 $13,270 $2,230 $11,040
2015 $614 $6,630 $1,110 $5,520
2014 -- $4,960 $960 $4,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 7418917

REcolorado®

APN: 1823-08-4-14-018