NOT LISTED FOR SALE

70 Waltham Ave Manitou Springs, CO 80829

Estimated Value: $613,000 - $813,000

5 Beds
3 Baths
2,029 Sq Ft
$346/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $640,000 $315 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,888/month

181 Days on Market

Highlights

  • Mountain View
  • Private Yard
  • Ceiling Fan
  • Deck
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of March 2023

Attention owner occupiers, investors, house hackers, or short-term rental investors! Highly desired Manitou Springs three-unit property. "Turn of the Century Victorian" that boasts with love of ownership. The main home has two separate units that are both spacious, 2-bedroom 1-bathroom units, along with a totally private and separate, adorable studio/cottage. Take a short walk to the famous Miramont Castle, shopping, restaurants, parks, the amazing Manitou incline, and of course the Pikes Peak Cog Railway! This property is placed perfectly where you can view a stunning view by your front door and enjoy the oversized 12x25 wooden deck! Same owner for about 20 years who takes amazing care of the home. Newer roof, appliances, flooring, and paint. Recent electrical upgrades and each unit has their own heating systems and meters! Record low crime rates in Manitou Springs! This property is highly desired for short-term and long-term tenants. *Short Term Rental Restrictions apply in Manitou Springs, contact Listing Broker Josh Horwitz for more information*

Last Agent to Sell the Property

Josh Horwitz

Capital Property Group LLC License #100076396 Listed on: 09/02/2022

Last Buyer's Agent

Other MLS Non-REcolorado

NON MLS PARTICIPANT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,634

Year Built

  • Built in 1909 | Remodeled

Lot Details

  • 6,950 Sq Ft Lot
  • Private Yard
  • Garden

Parking

  • 1 Car Garage
  • 4 Truck and Trailer Parking Spaces

Home Design

  • Triplex
  • Frame Construction
  • Composition Roof
  • Stone Siding

Interior Spaces

  • 2,029 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Mountain Views
  • Crawl Space

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Exterior Lighting

Schools

  • Manitou Springs Elementary And Middle School
  • Manitou Springs High School
  • School of Choice Available

Utilities

  • Mini Split Air Conditioners
  • Forced Air Heating System
  • Baseboard Heating
  • Separate Meters
  • Separate Water Meter
  • Phone Connected
  • Cable TV Available

Community Details

  • Hulbert & Ehrich Sub Subdivision
  • Operating Expense $10,000

Listing and Financial Details

  • Exclusions: Seller and tenants personal property
  • Assessor Parcel Number 74053-03-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,634

Year Built

Built in 1909 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Structure Type: Triplex
  • Levels: Two
  • Above Grade Price per Sq Ft: 315.43
  • Finished Price per Sq Ft: 315.43
  • Total Price per Sq Ft: 315.43
  • School Of Choice Yn: Yes
  • Year Built: 1909
  • Above Grade Finished Sq Ft: 2029.00
  • Exclusions: Seller and tenants personal property
  • Living Area: 2029.00
  • P P A: 4000000.00
  • Projected Annual Expense: 36000.00
  • Projected Gross Income: 93000.00
  • R V Spaces: 4
  • Utility Metering: Separate Electric, Separate Gas, Separate Water
  • Property Condition: Updated/Remodeled
  • Directions: On the West side of Waltham where the lockbox is in the wall.
  • SubdivisionName: Hulbert & Ehrich Sub
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s)
  • Flooring: Carpet, Laminate
  • Basement: Crawl Space
  • Total Bedrooms: 5

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame, Stone
  • View: Mountain(s)
  • Exterior Features: Garden, Lighting, Private Yard
  • Patio and Porch Features: Deck

Garage/Parking

  • Garage Spaces: 1
  • Total Parking Spaces: 5

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Phone Connected
  • Sewer: Public Sewer
  • Cooling: Air Conditioning-Room
  • Heating: Baseboard, Electric, Forced Air
  • Water Source: Public
  • Laundry Features: In Unit

Fee Information

  • Operating Expense: 10000.00

Schools

  • School District: Manitou Springs 14
  • Elementary School: Manitou Springs
  • Middle School: Manitou Springs
  • High School: Manitou Springs
  • Middle Or Junior School: Manitou Springs

Lot Info

  • Parcel Number: 74053-03-005
  • Lot Size Acres: 0.16
  • Building Area Total: 2029.00
  • Lot Size Sq Ft: 6950.00

Multi Family

  • Unit Count: 3

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1634.00

MLS Schools

  • Elementary School: Manitou Springs
  • High School: Manitou Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2022
Closed on
Mar 15, 2023
Sold by
Fails Lonnie E
Bought by
Manitou Springs Marketplace Llc
Seller's Agent
Josh Horwitz
Capital Property Group LLC
Buyer's Agent
Other MLS Non-REcolorado
NON MLS PARTICIPANT
List Price
$750,000
Sold Price
$640,000
Premium/Discount to List
-$110,000
-14.67%
Views
119
Current Estimated Value
$701,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,825
Avg. Annual Appreciation
3.67%

Purchase Details

Closed on
Oct 21, 2004
Sold by
Johnson Richard W and Johnson Kolleen J
Bought by
Fails Lonnie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
4%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 28, 1998
Sold by
Johnnie W Shaw Dennis E
Bought by
Johnson Richard W and Johnson Kolleen J

Purchase Details

Closed on
Mar 3, 1998
Sold by
Usrey William G
Bought by
Usrey Johnnie W

Purchase Details

Closed on
Jan 13, 1998
Sold by
Johnnie W Shaw Dennis E
Bought by
Shaw Dennis E and Usrey William G

Purchase Details

Closed on
Sep 1, 1995
Sold by
Usrey William G and Usrey P
Bought by
Usrey William G and Usrey John W

Purchase Details

Closed on
Mar 10, 1995
Sold by
Immenschuh Patricia J
Bought by
Usrey William G and Usrey P

Purchase Details

Closed on
Mar 15, 1994
Sold by
Immenschuh Patricia J and Shaw Dennis E
Bought by
Immenschuh Patricia J
Source: Public Records

Range of Values:

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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
Manitou Springs Marketplace Llc $640,000 Fntc
Fails Lonnie E $192,500 --
Johnson Richard W $100,000 First American
Usrey Johnnie W -- --
Shaw Dennis E -- --
Usrey William G -- --
Usrey William G -- --
Immenschuh Patricia J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fails Lonnie E $154,000
Closed Fails Lonnie E $28,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2023 03/17/23 Sold $640,000 -8.4% $315 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
02/01/2023 02/01/23 Price Changed $699,000 -6.8% $345 / Sq Ft
09/02/2022 09/02/22 For Sale $750,000 -- $370 / 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
2025 $1,820 $37,130 -- --
2024 $1,651 $28,560 $4,420 $24,140
2022 $1,544 $20,890 $4,170 $16,720
2021 $1,634 $21,810 $4,290 $17,520
2020 $1,430 $18,190 $3,580 $14,610
2019 $1,519 $18,190 $3,580 $14,610
2018 $1,407 $15,990 $2,770 $13,220
2017 $1,244 $15,990 $2,770 $13,220
2016 $1,213 $15,590 $2,790 $12,800
2015 -- $15,590 $2,790 $12,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 7138874

REcolorado®

APN: 74053-03-005