NOT LISTED FOR SALE

Estimated Value: $628,000 - $692,819

4 Beds
2 Baths
2,128 Sq Ft
$315/Sq Ft Est. Value

Last Sold June 04, 2024

Last sale price $685,000 $322 Per Sq Ft

Current estimated payment $4,146/month

52 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Fenced
  • Dunn Elementary School Rated A-
  • Baseboard Heating
  • 1-Story Property

About This Home

As of June 2024

Priced to get your attention! Attention savvy investors or 1031 Exchange participants this 3 bed up and 1 bed down duplex is located within yards of the CSU campus. Literally, your tenants can walk directly to campus in 3 minutes. This great investment comes with an alley loaded lot, additional off street parking and a detached garage that is rented out separately for $780/year. The basement does have unfinished space to add an additional bedroom which would easily increase rents. Great opportunity for a long-term hold. Leases have already been renewed until July 2025 and are professionally managed by KEVCO. Simple tangible investment with no stress. Please do not disturb the tenants.

Last Agent to Sell the Property

Brady Walters

RE/MAX Alliance-FTC Dwtn Listed on: 03/06/2024

RE/MAX Alliance-FTC Dwtn

Last Buyer's Agent

Anoushir Mansouri

Group Mulberry

Group Mulberry

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,037

Year Built

  • Built in 1951

Lot Details

  • 6,098 Sq Ft Lot
  • Fenced

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,128 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Dunn Elementary School
  • Lesher Middle School
  • Ft Collins High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $3,000
  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number R0070661

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • West Lawn Subdivision

Building Details

  • Gross Income $36,780
  • Net Operating Income $32,743

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,037

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Inclusions: Electric Range/Oven,Refrigerator,Clothes Washer,Clothes Dryer
  • Year Built: 1951
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.14
  • Subdivision Name: West Lawn
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2128
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator, Washer, Dryer
  • Has Basement: Full, Partially Finished
  • Total Bedrooms: 4

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • View: No
  • Waterfront: No
  • Disclosures: Seller's Property Disclosure, Lead Paint Disclosure
  • Home Warranty: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric
  • Heating: Forced Air, Baseboard
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Electricity On Property: No
  • Sewer: City Sewer
  • Water Source: City Water, City
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Dunn
  • HighSchool: Ft Collins
  • Junior High Dist: Poudre
  • Middle Or Junior School: Lesher

Lot Info

  • Zoning: RES
  • Land Lease Amount Frequency: Fixed Term,Annually
  • Lot Size Sq Ft: 6098
  • Parcel #: R0070661
  • Irrigation Water Rights: No

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4037

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 36780
  • Annual Operating Expense: 4037
  • Total Actual Rent: 3000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Jun 4, 2024
Sold by
Hunter Thomas and Hunter Andria D
Bought by
Mansouri Anoushir and Mansouri Kathleen T
Seller's Agent
Brady Walters
RE/MAX Alliance-FTC Dwtn
Buyer's Agent
Anoushir Mansouri
Group Mulberry
List Price
$724,900
Sold Price
$685,000
Premium/Discount to List
-$39,900
-5.5%
Views
40
Current Estimated Value
$686,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,618
Avg. Annual Appreciation
-1.94%
Original Mortgage
$616,500
Outstanding Balance
$609,915
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$59,540

Purchase Details

Closed on
Apr 16, 2008
Sold by
Bank Of New York
Bought by
Hunter Thomas and Hunter Andria D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,200
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2008
Sold by
Fitch Derek
Bought by
Bank Of New York

Purchase Details

Closed on
Jul 28, 2005
Sold by
Sperline Lalana Renae
Bought by
Fitch Derek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
5.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 1997
Sold by
Blankenship Carmen Diane and Sperline Carolyn
Bought by
Sperline Lalana Renae
Source: Public Records

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
Mansouri Anoushir $685,000 None Listed On Document
Hunter Thomas $246,500 Security Title
Bank Of New York -- None Available
Fitch Derek $270,000 Security Title
Sperline Lalana Renae -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mansouri Anoushir $616,500
Previous Owner Hunter Thomas $188,000
Previous Owner Hunter Thomas $197,200
Previous Owner Fitch Derek $243,000
Previous Owner Fitch Derek $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2024 06/04/24 Sold $685,000 0.0% $322 / Sq Ft
03/28/2024 03/28/24 Price Changed $685,000 -5.5% $322 / Sq Ft
03/07/2024 03/07/24 Price Changed $724,500 -0.1% $340 / Sq Ft
03/06/2024 03/06/24 For Sale $724,900 -- $341 / 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 $4,242 $47,898 $3,350 $44,548
2024 $4,036 $47,898 $3,350 $44,548
2022 $3,252 $34,442 $3,400 $31,042
2021 $3,359 $36,215 $3,575 $32,640
2020 $3,754 $40,119 $3,575 $36,544
2019 $3,770 $40,119 $3,575 $36,544
2018 $2,874 $31,529 $3,600 $27,929
2017 $2,864 $31,529 $3,600 $27,929
2016 $2,271 $24,875 $3,980 $20,895
2015 $2,255 $24,880 $3,980 $20,900
2014 $1,682 $18,440 $3,980 $14,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 1004558

IRES MLS

APN: 97142-10-029