NOT LISTED FOR SALE

Estimated Value: $932,429 - $1,022,000

8 Beds
4 Baths
3,705 Sq Ft
$267/Sq Ft Est. Value

Last Sold May 13, 2024

Last sale price $1,090,000 $294 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $5,524/month

34 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Private Yard
  • Traditional Architecture
  • Corner Lot
  • No HOA

About This Home

As of May 2024

Prime Turn-Key Investment Opportunity! This well-maintained duplex is a no hassle CASHFLOW investment and it’s already rented with great tenants! Newer appliances, New water heaters, New A/C. Discover the allure of this Olde Town Arvada duplex! Immerse yourself in the elegance of recently refinished solid hardwood floors in both units, newer appliances a true visual spectacle. Both units feature 2 main-floor bedrooms, a full bath, and a lower level with an additional 2 bedrooms and 3/4 bath, and a versatile bonus room. Each unit has a private haven in the spacious backyard, surrounded by mature trees, fully fenced yard and amazing covered patios. walking distance to Ziggy's Coffee and Walgreen's, this property embodies convenience. The Arvada Center is a stone's throw away, providing cultural richness. The north side tenants lease expires in March, (They would like to stay) but this could work as owner occupied on one side and rent the other.

Last Agent to Sell the Property

Brent Hilvitz

Redesigned Realty Brokerage Email: brenthilvitz@gmail.com,720-432-5545 License #100026070 Listed on: 02/19/2024

Last Buyer's Agent

Brent Hilvitz

Redesigned Realty Brokerage Email: brenthilvitz@gmail.com,720-432-5545 License #100026070 Listed on: 02/19/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,004

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 0.3 Acre Lot
  • 1 Common Wall
  • East Facing Home
  • Property is Fully Fenced
  • Landscaped
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Private Yard

Parking

  • 2 Car Attached Garage

Home Design

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

Interior Spaces

  • 1-Story Property
  • Wired For Data
  • Ceiling Fan
  • Attic Fan

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Exterior Basement Entry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Schools

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

Utilities

  • Central Air
  • 220 Volts
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Additional Features

  • Smart Irrigation
  • Property is near public transit

Listing and Financial Details

  • Exclusions: Tenants Personal Property
  • Property held in a trust
  • Tenant pays for electricity, gas, internet, trash collection
  • Assessor Parcel Number 005161

Community Details

Overview

  • No Home Owners Association
  • Lynnrick Subdivision

Building Details

  • Operating Expense $10,744

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,004

Year Built

Built in 1962 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Structure Type: Duplex
  • Levels: One
  • Year Built: 1962
  • Above Grade Finished Sq Ft: 2180
  • Exclusions: Tenants Personal Property
  • Living Area: 3705
  • Property Condition: Updated/Remodeled
  • SubdivisionName: Lynnrick
  • Ownership: Corporation/Trust
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 169.00
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.93966
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s), Pantry, Wired for Data
  • Flooring: Carpet, Laminate, Tile, Wood
  • Common Walls: 1 Common Wall
  • Basement: Exterior Entry, Partial
  • Basement: Yes
  • Total Bedrooms: 8
  • Below Grade Sq Ft: 1525

Exterior Features

  • Direction Faces: East
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Construction Materials: Brick, Frame
  • Exterior Features: Private Yard, Rain Gutters, Smart Irrigation
  • Patio and Porch Features: Covered, Front Porch, Patio

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Total Parking Spaces: 2

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: Attic Fan, Central Air
  • Heating: Hot Water
  • Water Source: Public
  • Electric: 220 Volts
  • Laundry Features: In Unit
  • Security: Carbon Monoxide Detector(s), Smoke 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

Fee Information

  • Operating Expense: 10744

Schools

  • Middle Or Junior School: Arvada K-8

Lot Info

  • Parcel Number: 005161
  • Lot Size Acres: 0.3
  • Fencing: Full
  • Building Area Total: 3874
  • Lot Features: Corner Lot, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 13199
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity, Gas, Internet, Trash Collection

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3004

MLS Schools

  • Elementary School: Peck
  • High School: Arvada

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2024
Closed on
May 10, 2024
Sold by
Columbine Bowling Ventures Llc
Bought by
Johnson Elijah E
Seller's Agent
Brent Hilvitz
Redesigned Realty
Buyer's Agent
Brent Hilvitz
Redesigned Realty
List Price
$1,160,000
Sold Price
$1,090,000
Premium/Discount to List
-$70,000
-6.03%
Views
65
Current Estimated Value
$989,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$100,643
Avg. Annual Appreciation
-5.64%
Original Mortgage
$1,053,621
Outstanding Balance
$1,039,644
Interest Rate
7.17%
Mortgage Type
FHA
Estimated Equity
-$50,287

Purchase Details

Closed on
Nov 30, 2022
Sold by
George Yvonne J
Bought by
Columbine Bowling Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,600
Interest Rate
7.13%
Mortgage Type
New Conventional
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
Johnson Elijah E $1,090,000 None Listed On Document
Columbine Bowling Ventures Llc $825,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Elijah E $1,053,621
Previous Owner Columbine Bowling Ventures Llc $477,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2024 05/13/24 Sold $1,090,000 -0.9% $294 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
03/08/2024 03/08/24 Price Changed $1,100,000 -5.2% $297 / Sq Ft
02/19/2024 02/19/24 For Sale $1,160,000 -- $313 / 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 $4,822 $49,715 $20,936 $28,779
2023 $4,822 $49,715 $20,936 $28,779
2022 $3,004 $37,479 $15,453 $22,026
2021 $3,122 $39,408 $16,248 $23,160
2020 $2,496 $33,019 $11,426 $21,593
2019 $2,463 $33,019 $11,426 $21,593
2018 $2,537 $33,113 $10,589 $22,524
2017 $2,323 $33,113 $10,589 $22,524
2016 $1,928 $28,219 $8,407 $19,812
2015 $1,637 $28,219 $8,407 $19,812
2014 $1,637 $24,124 $6,190 $17,934
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 9195205

REcolorado®

APN: 39-023-01-005