$492,450
SOLD DEC 19, 2024

721 Rees Ct Unit 723 Longmont, CO 80504

Kensington Neighborhood
2888 Beds
1444 Baths
2,644 Sq Ft
0.27 Acres

Recently Sold

$186 Per Sq Ft

10% Below List Price

79 Days on Market

Highlights

  • No HOA
  • Hot Water Heating System
  • 1-Story Property

About This Home

As of December 2024

Great 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 Agent to Sell the Property

Wade Arnold

The Colorado Group

The Colorado Group

Co-Listed By

Scott Crabtree

The Colorado Group

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Year Built: 1977
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.27
  • Co List Office Mls Id: COLO
  • Subdivision Name: Rees
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 2888
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Utilities

  • Electric: Electric
  • Heating: Hot Water
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Longmont
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Columbine
  • HighSchool: Skyline
  • Junior High Dist: ST Vrain Dist RE 1J
  • Middle Or Junior School: Trail Ridge

Lot Info

  • Zoning: R-MN
  • Lot Size Sq Ft: 11785
  • Parcel #: R0045391
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit

Multi Family

  • Number Of Units Total: 1444
  • Annual Gross Income: 38400
  • Annual Operating Expense: 9600

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

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 -- $13,400 $4,556 $8,844
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

Mortgage History

Date Status Loan Amount Loan Type
Open $483,530 FHA
Previous Owner $136,000 Seller Take Back
Source: Public Records

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $492,450 Land Title Guarantee
Warranty Deed $170,000 First American Heritage Titl
Warranty Deed -- --
Warranty Deed $82,500 --
Warranty Deed $65,500 --
Source: Public Records

Source: IRES MLS

MLS Number: 1020186

IRES MLS

APN: 1315022-07-010

Colorado Boulder County Longmont 80504 Kensington

721 Rees Ct Unit 723, Longmont, CO

Homes for Sale in Longmont, CO

This home is located at 721 Rees Ct Unit 723, Longmont, CO 80504 and is currently priced at $492,450, approximately $186 per square foot. This property was built in 1977. 721 Rees Ct Unit 723 is a home located in Boulder County with nearby schools including Columbine Elementary School, Trail Ridge Middle School, and Skyline 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.