$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 Listed on: 10/01/2024

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
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2644
  • 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

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
$562,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,759
Avg. Annual Appreciation
30.34%
Original Mortgage
$483,530
Outstanding Balance
$481,441
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$80,768

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
Source: Public Records

Range of Values:

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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 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

Mortgage History

Date Status Loan Amount Loan Type
Open $483,530 FHA
Previous Owner $136,000 Seller Take Back
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 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 -- $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

    Seller's Agent in 2024

    Wade Arnold

    The Colorado Group

    (303) 551-3391

    2 in this area

    12 Total Sales

    Wade Arnold
    Section Image
  • Scott Crabtree

    Seller Co-Listing Agent in 2024

    Scott Crabtree

    The Colorado Group

    (720) 635-5054

    2 in this area

    18 Total Sales

    Scott Crabtree
    Section Image

  • N

    Buyer's Agent in 2024

    Non-IRES Agent

    CO_IRES

See All Agents

Map

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

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.

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