NOT LISTED FOR SALE

701 E Myrtle St Fort Collins, CO 80524

East Dale Neighborhood

Estimated Value: $263,089 - $417,000

4 Beds
2 Baths
6,000 Sq Ft
$53/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $2,000,000 $333 Per Sq Ft

Current estimated payment $1,792/month

320 Days on Market

Highlights

  • City View
  • Corner Lot
  • Forced Air Heating System
  • Lesher Middle School Rated A-
  • Balcony

About This Home

As of August 2018

Rare investment opportunity to own a 10 unit condo complex in the Old Town Fort Collins area. These condo units are currently rented on a month-to-month basis to give ownership full control of monthly rents and quality of tenants. With rental vacancies at historic lows and both CSU and Fort Collins growing in record numbers, condo and apartment rates are projected to continue to increase, especially in the Old Town area.

Last Agent to Sell the Property

Randy Marshall

Colorado Commercial, Ltd Listed on: 09/08/2017

Last Buyer's Agent

Kathy Aguer

Kathy Aguer

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,810

Year Built

  • Built in 1955

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Sprinkler System

Home Design

  • Property Attached
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Siding

Interior Spaces

  • 6,000 Sq Ft Home
  • 2-Story Property
  • City Views

Kitchen

  • Electric Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Balcony
  • Exterior Lighting

Schools

  • Laurel Elementary School
  • Lesher Middle School
  • Ft Collins High School

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R1007262

Community Details

Overview

  • Property has a Home Owners Association
  • 10 Units
  • 1359 Wedgewood Condo Subdivision

Building Details

  • Gross Income $127,140
  • Net Operating Income $107,728

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,810

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Year Built: 1955
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.17
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: 1359 - WEDGEWOOD CONDO
  • Directions: SEC of Myrtle Street & Stover Street in Old Town Fort Collins
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 6000
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator, Disposal
  • Accessibility Features: Level Lot
  • Total Bedrooms: 4

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Lawn Sprinkler System, Corner Lot, Level, Within City Limits
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame, Block, Concrete
  • Exterior Features: Lighting, Balcony
  • Foundation Details: Slab
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Separate Meter Electricity
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Fort Collins
  • Gas Company: Natural Gas, Separate Meter Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: Yes

Association/Amenities

  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Laurel
  • HighSchool: Ft Collins
  • Junior High Dist: Poudre
  • Middle Or Junior School: Lesher

Lot Info

  • Zoning: NCM
  • Lot Size Sq Ft: 7405
  • Parcel #: R1007262
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 7810

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 127140
  • Income Includes: ["Lease/Rents","Laundry"]
  • Annual Operating Expense: 19412

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2017
Closed on
Aug 24, 2018
Sold by
Wedgewood Condominiums Llc
Bought by
Center Green Properties Llc
Seller's Agent
Randy Marshall
Colorado Commercial, Ltd
Buyer's Agent
Kathy Aguer
Kathy Aguer
List Price
$2,200,000
Sold Price
$2,000,000
Premium/Discount to List
-$200,000
-9.09%
Current Estimated Value
$316,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,683,228
Avg. Annual Appreciation
-22.94%

Purchase Details

Closed on
Dec 10, 1996
Sold by
Halbig Josef A
Bought by
Martin Roy W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,500
Interest Rate
8.75%
Mortgage Type
Seller Take Back
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
Center Green Properties Llc $2,000,000 First American Title
Martin Roy W $376,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin Roy W $196,500
Closed Martin Roy W $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Off Market $2,000,000 -- --
08/24/2018 08/24/18 Sold $2,000,000 -9.1% $333 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
09/08/2017 09/08/17 For Sale $2,200,000 -- $367 / Sq Ft
Source: IRES MLS

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 $1,423 $18,512 $1,340 $17,172
2024 $1,354 $18,512 $1,340 $17,172
2022 $1,187 $12,573 $1,390 $11,183
2021 $1,200 $12,934 $1,430 $11,504
2020 $1,121 $11,983 $1,430 $10,553
2019 $1,126 $11,983 $1,430 $10,553
2018 $780 $8,561 $1,440 $7,121
2017 $778 $8,561 $1,440 $7,121
2016 $688 $7,538 $1,592 $5,946
2015 $683 $7,540 $1,590 $5,950
2014 $454 $4,980 $1,590 $3,390
Source: Public Records

Agents Affiliated with this Home

  • Randy Marshall

    Seller's Agent in 2018

    Randy Marshall

    Colorado Commercial, Ltd

    (970) 691-7446

    21 Total Sales

    Randy Marshall
    Section Image

  • K

    Buyer's Agent in 2018

    Kathy Aguer

    Kathy Aguer

    Section Image
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Map

Source: IRES MLS

MLS Number: 831896

IRES MLS

APN: 97131-27-001

Colorado Larimer County Fort Collins 80524 East Dale

701 E Myrtle St, Fort Collins, CO

This home is located at 701 E Myrtle St, Fort Collins, CO 80524 since 08 September 2017 and is currently estimated at $316,772, approximately $52 per square foot. This property was built in 1955. 701 E Myrtle St is a home located in Larimer County with nearby schools including Laurel Elementary School, Lesher Middle School, and Fort Collins High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.

Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

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