NOT LISTED FOR SALE

701 Remington St Fort Collins, CO 80524

University Park Neighborhood

Estimated Value: $976,886

4 Beds
4 Baths
3,496 Sq Ft
$279/Sq Ft Est. Value

Last Sold March 10, 2016

Last sale price $560,000 $160 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $5,902/month

7 Days on Market

Highlights

  • No HOA
  • Lesher Middle School Rated A-
  • Hot Water Heating System

About This Home

As of March 2016

Income and expense figures are approximate. Professionally managed and income and expense records are available post accepted purchase contract. Zero vacancy in five years. Working professionals are typical tenants. LOCATION LOCATION LOCATION! Built in 1908. A designated Fort Collins Landmark Property. Central entry with interior apartment access. Unfinished basement with washer and dryer. REQUIRE 24 hour notice to tenants.

Last Agent to Sell the Property

Ross Milliken

Dimensions Realty & Management Listed on: 01/21/2016

Last Buyer's Agent

Donna Ehnert

eXp Realty LLC

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,843

Year Built

  • Built in 1908

Lot Details

  • 4,872

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,496 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Electric Oven or Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

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

Additional Features

  • 4,872 Sq Ft Lot
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number R0055743

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • City Lot And Block Subdivision

Building Details

  • Gross Income $38,321
  • Net Operating Income $32,824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,843

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Year Built: 1908
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.11
  • Subdivision Name: CIty Lot and Block
  • Directions: SW Corner of Remington and Laurel. PO identifies the property at 121 East Laurel.
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3496
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Washer, Dryer
  • Has Basement: Unfinished
  • Total Bedrooms: 4
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Heating: Hot Water
  • Utilities: Natural Gas Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, CIty
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Zoning: NCB
  • Lot Size Sq Ft: 4872
  • Parcel #: R0055743
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 2843

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 38320.97
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 5496.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2016
Closed on
Mar 10, 2016
Sold by
Beeghly History Properties Llc
Bought by
New Direction Ira Inc and Chris Broussalian Ira
Seller's Agent
Ross Milliken
Dimensions Realty & Management
Buyer's Agent
Donna Ehnert
eXp Realty LLC
List Price
$600,000
Sold Price
$560,000
Premium/Discount to List
-$40,000
-6.67%
Current Estimated Value
$976,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,886
Avg. Annual Appreciation
5.96%
Original Mortgage
$336,000
Outstanding Balance
$272,799
Interest Rate
4.12%
Mortgage Type
Commercial
Estimated Equity
$691,432

Purchase Details

Closed on
Dec 15, 2010
Sold by
Crown Brock Llc
Bought by
Beeghly Historic Properties Llc

Purchase Details

Closed on
Mar 1, 2010
Sold by
The Jensen Investment Group Llc
Bought by
Crown Brock Llc

Purchase Details

Closed on
Oct 1, 2007
Sold by
The Jensen Investment Group Llc
Bought by
The Jensen Investment Group Llc

Purchase Details

Closed on
Oct 1, 2005
Sold by
The Jensen Investment Group Llc
Bought by
The Jensen Investment Group Llc and The Downtown Firehouse Llc

Purchase Details

Closed on
Jun 1, 2005
Sold by
Jbm 701 Llc
Bought by
The Jensen Investment Group Llc

Purchase Details

Closed on
Jun 1, 2004
Sold by
Jensen Bantham & Mincher Llc
Bought by
Jbm 701 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,945
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 2004
Sold by
Hartsfield Chris
Bought by
Jensen Bantham & Mincher Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,945
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2003
Sold by
Hibbert E G
Bought by
Hartsfield Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,800
Interest Rate
7.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 1997
Sold by
Mitzelfeld George and Mitzelfeld Mary
Bought by
Hibbert E G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,252
Interest Rate
8.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 1993
Sold by
Bartlett Martha T Trust
Bought by
Mitzelfeld Mary

Purchase Details

Closed on
Aug 1, 1992
Sold by
Bartlett Richard L Trust
Bought by
Mitzelfeld George
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
New Direction Ira Inc $560,000 Land Title Guarantee
Beeghly Historic Properties Llc $390,000 Land Title Guarantee Company
Crown Brock Llc -- None Available
The Jensen Investment Group Llc -- None Available
The Jensen Investment Group Llc -- None Available
The Jensen Investment Group Llc -- --
Jbm 701 Llc $397,000 --
Jensen Bantham & Mincher Llc $397,000 --
Hartsfield Chris $352,000 --
Hibbert E G $170,000 --
Mitzelfeld Mary -- --
Mitzelfeld George $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open New Direction Ira Inc $336,000
Previous Owner Jbm 701 Llc $25,945
Previous Owner Jensen Bantham & Mincher Llc $271,352
Previous Owner Hartsfield Chris $316,800
Previous Owner Hibbert E G $73,252
Closed Hibbert E G $56,247
Closed Jbm 701 Llc $25,945
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Off Market $560,000 -- --
03/10/2016 03/10/16 Sold $560,000 -6.7% $160 / Sq Ft
01/28/2016 01/28/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $600,000 -- $172 / 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 $5,947 $65,660 $13,400 $52,260
2024 $5,658 $65,660 $13,400 $52,260
2022 $5,635 $59,054 $8,340 $50,714
2021 $5,635 $60,754 $8,580 $52,174
2020 $5,017 $53,625 $8,580 $45,045
2019 $5,039 $53,625 $8,580 $45,045
2018 $3,858 $42,336 $5,184 $37,152
2017 $3,845 $42,336 $5,184 $37,152
2016 $3,197 $35,024 $5,731 $29,293
2015 $3,174 $37,810 $5,730 $32,080
2014 $2,843 $31,170 $5,730 $25,440
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Ross Milliken

    Dimensions Realty & Management

    (970) 691-1860

    10 Total Sales

    Ross Milliken
    Section Image
  • Donna Ehnert

    Buyer's Agent in 2016

    Donna Ehnert

    eXp Realty LLC

    (303) 995-4063

    88 Total Sales

    Donna Ehnert
    Section Image
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Map

Source: IRES MLS

MLS Number: 782095

IRES MLS

APN: 97132-19-017

Colorado Larimer County Fort Collins 80524 University Park

701 Remington St, Fort Collins, CO

This home is located at 701 Remington St, Fort Collins, CO 80524 since 21 January 2016 and is currently estimated at $976,886, approximately $279 per square foot. This property was built in 1908. 701 Remington 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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