NOT LISTED FOR SALE

705 4th Ave Monte Vista, CO 81144

Estimated Value: $141,000 - $219,000

2 Beds
2 Baths
1,296 Sq Ft
$133/Sq Ft Est. Value

Last Sold October 31, 2023

Last sale price $150,000 $116 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,021/month

8 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Baseboard Heating

About This Home

As of October 2023

Introducing a great income producing opportunity. This Duplex is one bedroom, one bathroom on each side, and has a 2 car garage in the back for extra storage space. Property has a large yard that is zoned for the option to build more multifamily units on it. Call today for more details.

Last Agent to Sell the Property

Klayton Gosar

Legends Premier Properties Inc. License #100085479 Listed on: 07/24/2023

Last Buyer's Agent

Kristy Miller

Millerstone Real Estate Group LLC License #100091459

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $539

Year Built

  • Built in 1940

Lot Details

  • 0.27

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,296 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Bill Metz Elementary School
  • Monte Vista Middle School
  • Monte Vista High School

Utilities

  • No Cooling
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Monte Vista Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3531337006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$539

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Multi-Family
  • Structure Type: Duplex
  • Levels: One
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 1296
  • Exclusions: None
  • Living Area: 1296
  • Directions: Going West on US Highway 160 Through Monte Vista; turn S. Broadway St. Continue on S. Broadway for about 0.1 mile. Turn left at 3rd cross street onto 4th Avenue. Property is on the left.
  • SubdivisionName: Monte Vista
  • Ownership: Individual
  • REC_BasementLevelBedrooms: 0
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Basement: No
  • Total Bedrooms: 2
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard

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

Schools

  • Middle Or Junior School: Monte Vista

Lot Info

  • Parcel Number: 3531337006
  • Building Area Total: 1296

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 539

MLS Schools

  • Elementary School: Bill Metz
  • High School: Monte Vista

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2023
Closed on
Oct 31, 2023
Sold by
A & E Rentals Llc
Bought by
Serna Ricardo D
Seller's Agent
Klayton Gosar
Legends Premier Properties Inc.
Buyer's Agent
Kristy Miller
Millerstone Real Estate Group LLC
List Price
$179,000
Sold Price
$150,000
Premium/Discount to List
-$29,000
-16.2%
Views
79
Current Estimated Value
$186,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,004
Avg. Annual Appreciation
6.64%
Original Mortgage
$120,000
Outstanding Balance
$117,779
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$55,132

Purchase Details

Closed on
Jan 26, 2021
Sold by
Martinez Elmer G and Martinez Able J
Bought by
A & E Rentals Llc

Purchase Details

Closed on
Feb 27, 2020
Sold by
Riggenbach Ronald R and Vance Riggenbach Catherine
Bought by
Martinez Elmer G and Martinez Able J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2015
Sold by
Lentz Harold H and Lentz Shirley J
Bought by
Riggenbach Ronald R and Vance Riggenbach Catherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,500
Interest Rate
3.91%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Serna Ricardo D $150,000 None Listed On Document
A & E Rentals Llc -- None Available
Martinez Elmer G $70,000 None Available
Riggenbach Ronald R $63,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Serna Ricardo D $120,000
Previous Owner Martinez Elmer G $70,000
Previous Owner Riggenbach Ronald R $43,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2023 10/31/23 Sold $150,000 -16.2% $116 / Sq Ft
08/02/2023 08/02/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $179,000 -- $138 / 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 $574 $7,658 $543 $7,115
2023 $574 $7,658 $543 $7,115
2022 $539 $6,855 $816 $6,039
2021 $563 $7,208 $858 $6,350
2020 $506 $6,478 $858 $5,620
2019 $507 $6,478 $858 $5,620
2018 $492 $6,224 $0 $0
2017 $495 $6,224 $0 $0
2016 $508 $6,321 $0 $0
2015 $520 $6,321 $0 $0
2014 $520 $6,406 $0 $0
2013 $450 $6,406 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 6703753

REcolorado®

APN: 3531337006