Seller's Agent in 2024
Wade Arnold
The Colorado Group
(303) 551-3391
3 in this area
14 Total Sales
721 Rees Ct Unit 723 Longmont, CO 80504
Kensington NeighborhoodEstimated Value: $515,000
2888
Beds
1444
Baths
2,644
Sq Ft
$195/Sq Ft
Est. Value
Highlights
- No HOA
- Hot Water Heating System
- 1-Story Property
About This Home
As of December 2024Great investment opportunity with this charming duplex in the Kensington neighborhood of Longmont, Colorado. Boasting a generous 0.27-acre lot, this property offers ample space for tenants to enjoy the outdoors. Each unit is move-in ready with essential appliances, including a stove, refrigerator, and dishwasher, making it an attractive option for renters. The neighborhood is near many local amenities making it a highly desirable location for tenants, ensuring consistent rental income. This duplex is a prime addition to any real estate portfolio, offering both immediate returns and long-term growth prospects in the thriving Longmont community. Seize this opportunity to invest in a property that promises both stability and potential.
Last Buyer's Agent
Non-IRES Agent
Non-IRES
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1977
Lot Details
- 0.27
Home Design
- Wood Frame Construction
- Composition Roof
Interior Spaces
- 2,644 Sq Ft Home
- 1-Story Property
- Window Treatments
- Electric Oven or Range
Bedrooms and Bathrooms
- 2,888 Bedrooms
- 1,444 Bathrooms
Schools
- Columbine Elementary School
- Trail Ridge Middle School
- Skyline High School
Additional Features
- 0.27 Acre Lot
- Hot Water Heating System
Listing and Financial Details
- Tenant pays for deposit
- Assessor Parcel Number R0045391
Community Details
Overview
- No Home Owners Association
- 1,444 Units
- Rees Subdivision
Building Details
- Gross Income $38,400
- Net Operating Income $28,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 1, 2024
Closed on
Dec 19, 2024
Sold by
Housing Authority Of The County Of Bould
Bought by
Salomon Dante and Mares Jacqueline Arredondo
Seller's Agent
Wade Arnold
The Colorado Group
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$550,000
Sold Price
$492,450
Premium/Discount to List
-$57,550
-10.46%
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,550
Avg. Annual Appreciation
4.58%
Original Mortgage
$483,530
Outstanding Balance
$479,727
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$35,273
Purchase Details
Closed on
Jan 1, 2000
Sold by
Mariposa Properties Llc
Bought by
Housing Authority County Of Boulder
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.75%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 31, 1997
Sold by
Peterson Vicky A
Bought by
Mariposa Properties Llc
Purchase Details
Closed on
May 7, 1980
Bought by
Housing Authority Of County Of Boulder
Purchase Details
Closed on
Apr 24, 1978
Bought by
Housing Authority Of County Of Boulder
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Salomon Dante | $492,450 | Land Title Guarantee | |
| Housing Authority County Of Boulder | $170,000 | First American Heritage Titl | |
| Mariposa Properties Llc | -- | -- | |
| Housing Authority Of County Of Boulder | $82,500 | -- | |
| Housing Authority Of County Of Boulder | $65,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Salomon Dante | $483,530 | |
| Previous Owner | Housing Authority County Of Boulder | $136,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/19/2024 12/19/24 | Sold | $492,450 | -6.2% | $186 / Sq Ft |
| 10/29/2024 10/29/24 | Price Changed | $525,000 | -4.5% | $199 / Sq Ft |
| 10/01/2024 10/01/24 | For Sale | $550,000 | -- | $208 / Sq Ft |
Source: IRES MLS
Tax History Compared to Growth
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 | -- | $30,625 | $10,044 | $20,581 |
| 2024 | -- | $30,625 | $10,044 | $20,581 |
| 2023 | $0 | $13,400 | $4,556 | $8,844 |
| 2022 | $0 | $13,900 | $4,726 | $9,174 |
| 2021 | $0 | $14,300 | $4,862 | $9,438 |
| 2020 | $0 | $14,300 | $4,862 | $9,438 |
| 2019 | $0 | $14,300 | $4,862 | $9,438 |
| 2018 | $0 | $14,400 | $4,896 | $9,504 |
| 2017 | $0 | $15,920 | $5,413 | $10,507 |
| 2016 | $0 | $15,920 | $5,413 | $10,507 |
| 2014 | -- | $15,920 | $5,413 | $10,507 |
Source: Public Records
Agents Affiliated with this Home
-
Wade Arnold
-
Scott Crabtree
Seller Co-Listing Agent in 2024
Scott Crabtree
The Colorado Group
(720) 635-5054
3 in this area
19 Total Sales
-
N
Buyer's Agent in 2024
Non-IRES Agent
CO_IRES
Map
Source: IRES MLS
MLS Number: 1020186
APN: 1315022-07-010
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.
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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