NOT LISTED FOR SALE

Estimated Value: $473,872 - $552,000

4 Beds
2 Baths
1,472 Sq Ft
$351/Sq Ft Est. Value

Last Sold August 24, 2022

Last sale price $535,000 $363 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,139/month

17 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Property is Fully Fenced
  • 1-Story Property
  • High Speed Internet
  • 4-minute walk to Vicky Bunsen Sculpture Garden

About This Home

As of August 2022

This side-by-side duplex is a great investment that has tremendous upside potential. It is only three minutes from the Westminster Light Rail Station. It is also less than ten minutes from downtown Westminster. It is also less than five minutes from Westminster High School, Harris Park Elementary, VASA Fitness, Run Westy Run Food Truck Park, King Soopers, Walmart Super Center, and other dining/shopping options.

The roof, appliances, and electrical are only TWO years old. The seller also did a spot repair on the sewer.

Both units have new-ish vanities and toilets as well.

Unit 7413 also has stainless steel appliances and LVP flooring that gives.

The units are currently furnished and the furniture can be negotiated into the deal.

The cap rate is based on Airbnb income. Based on a $1450/Unit/Mo. for a long-term rental, this is being sold at a little over a 5-cap. Rent Rolls are available in the supplemental documents as well as a Clear AVM appraisal by Clear Capital.

This duplex is a fantastic buy & hold property with long-term or short-term rental potential. It is currently utilized as an Airbnb.

Last Listed By

Austin Hartley

eXp Realty, LLC License #100072402 Listed on: 07/22/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,057

Year Built

  • Built in 1960

Lot Details

  • 7,200 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,472 Sq Ft Home
  • 1-Story Property

Kitchen

  • Self-Cleaning Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • 2 Off-Street Spaces
  • Gravel Driveway

Schools

  • Westminster Elementary School
  • Shaw Heights Middle School
  • Westminster High School

Utilities

  • Forced Air Heating System
  • 220 Volts
  • 110 Volts
  • Gas Water Heater
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • Harris Park Subdivision
  • Operating Expense $15,000

Listing and Financial Details

  • Exclusions: The property manager's property and seller's personal property unless negotiated into the contract.
  • Assessor Parcel Number R0065154

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,057

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Structure Type: Duplex
  • Levels: One
  • Above Grade Price per Sq Ft: 363.45
  • Finished Price per Sq Ft: 363.45
  • Total Price per Sq Ft: 363.45
  • Year Built: 1960
  • Above Grade Finished Sq Ft: 1472.00
  • Actual Annual Net Income: 35000.00
  • Cap Rate Calculation: Net Income divided by Purchase Price
  • Exclusions: The property manager's property and seller's personal property unless negotiated into the contract.
  • Living Area: 1472.00
  • Offstreet Spaces: 2
  • P P A: 3147058.82
  • SubdivisionName: Harris Park
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Water Heater, Range, Self Cleaning Oven, Washer
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Total Bedrooms: 4

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick, Frame

Garage/Parking

  • Parking Features: Driveway-Gravel
  • Total Parking Spaces: 2

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected
  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Public
  • Electric: 110V, 220 Volts
  • Laundry Features: In Unit
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Fee Information

  • Operating Expense: 15000.00

Schools

  • School District: Westminster Public Schools
  • Elementary School: Westminster
  • Middle School: Shaw Heights
  • High School: Westminster
  • Middle Or Junior School: Shaw Heights

Lot Info

  • Out Building Count: 1
  • Parcel Number: R0065154
  • Lot Size Acres: 0.17
  • Fencing: Full
  • Building Area Total: 1472.00
  • Lot Size Sq Ft: 7200.00

Multi Family

  • Unit Count: 1

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3057.00

MLS Schools

  • Elementary School: Westminster
  • High School: Westminster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Aug 24, 2022
Sold by
H A Consulting Llc
Bought by
Becker Steven
Seller's Agent
Austin Hartley
eXp Realty, LLC
Buyer's Agent
Gina Acosta
Northside Real Estate Group LLC
List Price
$525,000
Sold Price
$535,000
Premium/Discount to List
$10,000
1.9%
Total Days on Market
17
Views
6
Current Estimated Value
$516,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,282
Avg. Annual Appreciation
-1.25%
Original Mortgage
$454,750
Outstanding Balance
$438,239
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$78,479

Purchase Details

Closed on
Jan 26, 2021
Sold by
Adams Hunter D
Bought by
H A Consulting Llc

Purchase Details

Closed on
Feb 19, 2020
Sold by
Greff Donald A and Greff Georgene R
Bought by
Adams Hunter D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
3.6%
Mortgage Type
New Conventional

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
Becker Steven $535,000 Land Title Guarantee
H A Consulting Llc -- None Available
Adams Hunter D $350,000 Land Title Guarantee Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Becker Steven $454,750
Previous Owner Adams Hunter D $297,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2022 08/24/22 Sold $535,000 +1.9% $363 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
08/02/2022 08/02/22 For Sale $525,000 0.0% $357 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
07/22/2022 07/22/22 For Sale $525,000 -- $357 / 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 $2,965 $32,250 $7,780 $24,470
2023 $2,965 $34,900 $8,420 $26,480
2022 $2,904 $28,610 $8,470 $20,140
2021 $3,057 $28,610 $8,470 $20,140
2020 $2,694 $26,200 $8,580 $17,620
2019 $2,690 $26,200 $8,580 $17,620
2018 $1,733 $16,780 $9,180 $7,600
2017 $1,477 $16,780 $9,180 $7,600
2016 $1,239 $13,240 $4,420 $8,820
2015 $1,237 $13,240 $4,420 $8,820
2014 $1,055 $10,920 $3,700 $7,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 9700545

REcolorado®

APN: 1719-31-4-09-014