NOT LISTED FOR SALE

Estimated Value: $607,591 - $635,000

4 Beds
2 Baths
1,840 Sq Ft
$339/Sq Ft Est. Value

Sale Details

Date Sold: July 2, 2024

Last sale price $570,000 $310 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,865 / mo

1 Day on Market

Highlights

  • Multiple Fireplaces
  • No HOA
  • Landscaped with Trees
  • Wood Flooring
  • Brick Veneer
  • Forced Air Heating System

About This Home

As of July 2024

Attention Investors! This side-by-side legal duplex, located northwest of Fort Collins, presents an exceptional investment opportunity with great potential for rental income and long-term value. The rental income is based on the rent from long-term tenants, which was under market value, so there is plenty of opportunity! Each unit features 2 bedrooms and 1 bathroom, providing comfortable living spaces for tenants. Both units have been updated with new carpets throughout, ensuring a fresh and inviting atmosphere. The sun filled living rooms in each unit are highlighted by a wood-burning fireplace set in a charming brick surround, providing a cozy focal point for the space. The kitchens are well-appointed with white appliances, offering ample prep space and storage for all your culinary needs. Each unit also boasts a large backyard with a privacy fence, creating an outdoor space perfect for relaxation and activities. Situated just a short drive from Old Town and Colorado State University, this duplex is ideally located for convenient access to local amenities and vibrant city life.

Last Agent to Sell the Property

Rob Kittle

Kittle Real Estate License #40016997 Listed on: 06/21/2024

Last Buyer's Agent

Nathan Washam

Restate Real Estate License #100015940

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,265

Year Built

  • Built in 1966

Lot Details

  • 14,292 Sq Ft Lot
  • Wood Fence
  • Level Lot
  • Landscaped with Trees

Home Design

  • Duplex
  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,840 Sq Ft Home
  • 1-Story Property
  • Multiple Fireplaces
  • Window Treatments
  • Wood Flooring
  • Crawl Space
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms
  • Primary bathroom on main floor

Schools

  • Putnam Elementary School
  • Lincoln Middle School
  • Poudre High School

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number R0161594

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Vine Drive Subdivision

Building Details

  • Gross Income $28,350
  • Net Operating Income $19,276

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,265

Year Built

Built in 1966

Lot Details

0.33 Acres

Listing Details

  • Inclusions: Window Coverings,Electric Range/Oven,Dishwasher,Refrigerator,Smoke Alarm(s)
  • Year Built: 1966
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.33
  • Road Surface Type: Gravel
  • Subdivision Name: Vine Drive
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1840
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Possible Use: Single Family, Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Accessibility Features: Main Floor Bath, Main Level Bedroom
  • Has Basement: None, Crawl Space
  • Total Bedrooms: 4
  • Fireplace Features: 2+ Fireplaces
  • Fireplace: Yes
  • Flooring: Wood Floors
  • Window Features: Window Coverings

Exterior Features

  • Roof: Composition
  • Fencing: Fenced, Wood
  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Disclosures: Seller's Property Disclosure, Lead Paint Disclosure
  • Home Warranty: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups
  • Security: Smoke Detector(s)
  • Heating Yn: Yes
  • Electricity On Property: No
  • Sewer: District Sewer
  • Water Source: District Water, ELCO
  • Gas Company: Natural Gas, Xcel Energy

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Putnam
  • HighSchool: Poudre
  • Junior High Dist: Poudre
  • Middle Or Junior School: Lincoln

Lot Info

  • Zoning: RR2
  • Lot Size Sq Ft: 14292
  • Parcel #: R0161594
  • Irrigation Water Rights: No

Rental Info

  • Tenant Pays: Gas, Electricity

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3265

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 28350

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2024
Closed on
Jul 3, 2024
Sold by
Corners Billy V and Corners Linda
Bought by
Seller's Agent
Rob Kittle
Kittle Real Estate
Buyer's Agent
Nathan Washam
Restate Real Estate
List Price
$565,000
Sold Price
$570,000
Premium/Discount to List
$5,000
0.88%
Views
5
Current Estimated Value
$618,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,769
Avg. Annual Appreciation
4.25%

Purchase Details

Listed on
Jun 21, 2024
Closed on
May 21, 2024
Sold by
Corners Billy V and Corners Linda
Bought by
Corners Billy V and Corners Linda
Seller's Agent
Rob Kittle
Kittle Real Estate
Buyer's Agent
Nathan Washam
Restate Real Estate
List Price
$565,000
Sold Price
$570,000
Premium/Discount to List
$5,000
0.88%
Views
5
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$570,000 None Listed On Document
Corners Billy V -- None Listed On Document
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/02/2024 07/02/24 Sold $570,000 +0.9% $310 / Sq Ft
06/21/2024 06/21/24 For Sale $565,000 -- $307 / Sq Ft
Source: IRES MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,400 $37,775 $2,625 $35,150
2024 $4,533 $48,046 $2,814 $45,232
2022 $3,265 $30,688 $2,856 $27,832
2021 $3,374 $32,268 $3,003 $29,265
2020 $2,958 $27,656 $3,003 $24,653
2019 $2,971 $27,656 $3,003 $24,653
2018 $1,796 $16,769 $3,024 $13,745
2017 $1,793 $16,769 $3,024 $13,745
2016 $1,389 $12,585 $3,343 $9,242
2015 $1,380 $12,580 $3,340 $9,240
2014 $1,437 $12,750 $3,340 $9,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE1012685

IRES MLS

APN: 97102-06-005

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