NOT LISTED FOR SALE

755 W 2nd St Rifle, CO 81650

Estimated Value: $427,000 - $757,000

17 Beds
10.5 Baths
6,773 Sq Ft
$81/Sq Ft Est. Value

Last Sold March 25, 2019

Last sale price $449,000 $66 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,130/month

6 Days on Market

Highlights

  • 1.01 Acre Lot
  • Lake, Pond or Stream
  • Views
  • Wood Burning Stove
  • Interior Lot
  • Landscaped with Trees

About This Home

As of March 2019

Great investment opportunity. The property has 8 units and a oversized garage. There is a 4 bedroom, 3 bedroom, 4 -1 bedroom units and 2 3 bedroom trailers with long term tenants in all. Situated on just over 1 acre and backing to Rifle Creek. There is also potential to re-develop into 17 units. This also has about a 9% cash on cash return after expenses. The property is being sold ''AS-IS''

Last Agent to Sell the Property

Steve Carter

RE/MAX Country GWS Brokerage Phone: (970) 945-1215 License #FA40018629 Listed on: 02/13/2019

RE/MAX Country GWS

Last Buyer's Agent

Cheryl Chandler

Cheryl&Co. Real Estate, LLC License #ER918265

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,402

Year Built

  • Built in 1947

Lot Details

  • 1.01 Acre Lot
  • Home has East and West Exposure
  • Southern Exposure
  • Fence is in average condition
  • Interior Lot
  • Gentle Sloping Lot
  • Landscaped with Trees
  • Property is in average condition

Home Design

  • Cabin
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Composition Shingle Roof
  • Log Siding

Interior Spaces

  • 6,773 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove
  • Property Views

Bedrooms and Bathrooms

  • 17 Bedrooms

Parking

  • 2 Car Garage
  • Carport
  • Common or Shared Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Water Rights Not Included
  • Cable TV Available

Additional Features

  • Lake, Pond or Stream
  • Mineral Rights Excluded

Listing and Financial Details

  • Assessor Parcel Number 217716221001

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include sewer

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,402

Year Built

Built in 1947

Lot Details

1.01 Acres

Listing Details

  • Property Sub Type: Residential Income
  • Prop. Type: Residential
  • Lot Size Acres: 1.01
  • Subdivision Name: None
  • Directions: Railroad to 3rd go west to the y go left onto 2nd property on left
  • Architectural Style: Ranch, Cabin
  • Carport Y N: Yes
  • Master Model: Other
  • New Construction: No
  • Year Built: 1947
  • Tax Parcel Letter: R361874
  • Attribution Contact: (970) 945-1215
  • Keywords Info:Pre-Fabricated Home: Other
  • General Info:Zoning2: CS
  • General Info:Main Floor Master: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 1.0
  • Financing Info:Taxes2: 1401.92
  • Financing Info:Tax Year2: 2018
  • Extras:Landscaping: Yes
  • Laundry Facility:Area4: Yes
  • Sanitation:Sewer: Yes
  • Substructure:Slab: Yes
  • Water Rights:No3: Yes
  • Extras:Cable TV: Yes
  • Miscellaneous:Under Construction3: No
  • Style:Ranch: Yes
  • Roof:Composition Shingles: Yes
  • Mineral Rights:No2: Yes
  • Cooling:None: Yes
  • Unit Faces:East: Yes
  • Unit Faces:West: Yes
  • Condition:Average: Yes
  • Exterior:Log Siding: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Interior Features

  • Full Bathrooms: 10
  • Half Bathrooms: 1
  • Total Bedrooms: 17
  • Living Area: 6773.0

Exterior Features

  • Lot Features: Interior Lot, Landscaped
  • Construction Type: Log Siding, Frame
  • Foundation Details: Slab
  • Property Condition: Average
  • Roof: Composition
  • Construction:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Common
  • Keywords Info:Garage: 2 Car
  • Parking Area:Common2: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Wood Stove, Natural Gas, Electric, Baseboard
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes
  • Heating:Wood Stove: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Glenwood Association
  • Location Amenities:Views: Yes
  • Financing Info:Association Fee Frequency2: Annually
  • Location Amenities:Gentle Topo: Yes
  • Location Amenities:Interior Lot: Yes
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Trees: Yes
  • Location Amenities:Pond Stream Lake: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 44087.0
  • Parcel #: 217716221001
  • Zoning: CS
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1401.92
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2019
Closed on
Mar 25, 2019
Sold by
Madge S Taylor Revocable Trust
Bought by
Realtive Llc
Seller's Agent
Steve Carter
RE/MAX Country GWS
Buyer's Agent
Cheryl Chandler
Cheryl&Co. Real Estate, LLC
List Price
$449,000
Sold Price
$449,000
Current Estimated Value
$546,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,454
Avg. Annual Appreciation
2.84%
Original Mortgage
$225,000
Outstanding Balance
$82,190
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$464,264

Purchase Details

Listed on
Feb 16, 2015
Closed on
Jun 8, 2015
Sold by
755 West 2Nd Street Llc
Bought by
The Madge S Taylor Revocable Trust
Seller's Agent
Mogli Cooper
Plan B Real Estate
Buyer's Agent
Jeffry Pogliano
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$455,000
Sold Price
$300,000
Premium/Discount to List
-$155,000
-34.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.20%

Purchase Details

Closed on
Feb 5, 2011
Sold by
Fairbanks Properties
Bought by
755 West 2Nd Street Llc

Purchase Details

Closed on
Jul 7, 2010
Sold by
Fairbanks Gerald
Bought by
Fairbanks Properties

Purchase Details

Closed on
Sep 21, 1995
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Realtive Llc $449,000 Title Company The Rockies
The Madge S Taylor Revocable Trust $300,000 Cwt
755 West 2Nd Street Llc -- None Available
Fairbanks Properties -- None Available
-- $280,000 --
-- $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Realtive Llc $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/25/2019 03/25/19 Sold $449,000 0.0% $66 / Sq Ft
02/20/2019 02/20/19 Pending -- -- --
02/13/2019 02/13/19 For Sale $449,000 +49.7% $66 / Sq Ft
06/08/2015 06/08/15 Sold $300,000 -34.1% $44 / Sq Ft View Prior Sale
05/04/2015 05/04/15 Pending -- -- --
02/16/2015 02/16/15 For Sale $455,000 -- $67 / Sq Ft
Source: Aspen Glenwood 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 $2,757 $26,780 $8,830 $17,950
2023 $2,042 $26,780 $8,830 $17,950
2022 $2,036 $28,430 $6,670 $21,760
2021 $2,338 $29,250 $6,860 $22,390
2020 $1,809 $24,730 $7,130 $17,600
2019 $1,712 $24,730 $7,130 $17,600
2018 $1,402 $19,800 $6,480 $13,320
2017 $1,267 $19,800 $6,480 $13,320
2016 $1,405 $24,870 $8,600 $16,270
2015 $1,298 $24,870 $8,600 $16,270
2014 -- $26,260 $14,330 $11,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 157850

Aspen Glenwood MLS

APN: R361874

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