NOT LISTED FOR SALE

Estimated Value: $638,000 - $783,000

8 Beds
4 Baths
3,544 Sq Ft
$199/Sq Ft Est. Value

Last Sold May 25, 2023

Last sale price $605,000 $171 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,031/month

8 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Baseboard Heating
  • Covered Patio or Porch
  • 1-Story Property
  • Dog Run

About This Home

As of May 2023

Introducing your home hacker dream! Living for free in beautiful Arvada, or as a investor who wants a 8 cap! This incredible duplex setup in Arvada offers you the opportunity to live for free, or rent out all three living spaces. Or even higher if you Airbnb one of the units, this is an incredible opportunity that doesn’t come around often. Main unit of the duplex is larger, and has a basement with a easy separate entrance access from the back of the house. The second side of the duplex is smaller but has a finished basement also. Three private yards spaces and a separate garage as well! Duplex has 8 bedrooms, and 4 baths.. Each unit is a 4/2.. To understand the layout and square footage, you have to see it. Yes, it’s a Fixer Upper special needs some work but offers HUGE savings as it’s priced to sell – With some elbow grease and effort. The garage is separated, so each unit can have its own 1-car garage. Rent estimates: As 2/1, you could have 3 units, if you separate the basement on the larger unit, and comparable units are renting around $1,800 a month.. The smaller unit 4/2 should rent around $2,000 a month.. Airbnb estimate is around $3,080 a month, a 2/1 up the street is average $104 a night. As a potential 8% Cap Rate, this is an incredible opportunity that doesn’t come around often.

Last Agent to Sell the Property

Chris Curry

Brokers Guild Real Estate License #100080117 Listed on: 04/13/2023

Brokers Guild Real Estate

Last Buyer's Agent

Hai Nguyen

HomeSmart Realty License #100068130

HomeSmart Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,652

Year Built

  • Built in 1962

Lot Details

  • 0.26 Acre Lot
  • Dog Run
  • Partially Fenced Property

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Finished Basement

Kitchen

  • Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Schools

  • Secrest Elementary School
  • North Arvada Middle School
  • Arvada High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Del Ray Subdivision

Listing and Financial Details

  • Property held in a trust
  • Assessor Parcel Number 011550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,652

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Structure Type: Duplex
  • Levels: One
  • Year Built: 1962
  • Above Grade Finished Sq Ft: 1969
  • Exclusions: None
  • Living Area: 3544
  • Directions: GPS is Correct, use smart device
  • SubdivisionName: DEL RAY
  • Ownership: Corporation/Trust
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 394.00
  • REC_RVSpaces: 0
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave, Oven, Refrigerator
  • Basement: Finished
  • Basement: Yes
  • Total Bedrooms: 8
  • Below Grade Sq Ft: 1575

Exterior Features

  • Foundation Details: Block
  • Roof: Composition
  • Construction Materials: Brick
  • Exterior Features: Dog Run, Lighting, Rain Gutters
  • Patio and Porch Features: Covered, Front Porch

Garage/Parking

  • Parking Features: Concrete
  • Attached Garage: Yes
  • Garage Spaces: 2
  • Total Parking Spaces: 2
  • REC_ParkingCount: 1

Utilities

  • Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Phone Available
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Hot Water
  • Water Source: Public

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

Schools

  • Middle Or Junior School: North Arvada

Lot Info

  • Parcel Number: 011550
  • Lot Size Acres: 0.26
  • Fencing: Partial
  • Building Area Total: 3938
  • Lot Size Sq Ft: 11500
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2652

MLS Schools

  • Elementary School: Secrest
  • High School: Arvada

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2002
Sold by
Small Mildred C
Bought by
Mildred Christine Small Trust
Current Estimated Value
$705,986
Source: Public Records

Range of Values:

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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
Mildred Christine Small Trust -- --
Forrest Small Trust -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2023 05/25/23 Sold $605,000 -13.6% $171 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $700,000 -- $198 / 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 $3,452 $35,586 $13,832 $21,754
2023 $3,452 $35,586 $13,832 $21,754
2022 $2,652 $27,079 $9,601 $17,478
2021 $2,696 $27,858 $9,877 $17,981
2020 $2,548 $26,409 $5,973 $20,436
2019 $2,514 $26,409 $5,973 $20,436
2018 $2,441 $24,925 $5,023 $19,902
2017 $2,234 $24,925 $5,023 $19,902
2016 $1,825 $19,180 $4,860 $14,320
2015 $1,713 $19,180 $4,860 $14,320
2014 $1,713 $16,920 $4,184 $12,736
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 6478251

REcolorado®

APN: 39-021-18-001