NOT LISTED FOR SALE

Estimated Value: $610,000 - $676,000

4 Beds
2 Baths
1,516 Sq Ft
$415/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $610,000 $402 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,670/month

190 Days on Market

Highlights

  • City View
  • Raised Ranch Architecture
  • No HOA
  • Open Floorplan
  • Wood Flooring
  • Eat-In Kitchen

About This Home

As of April 2024

Charming Cherry Street Legal Duplex! Located on large lot minutes from all Old Town has to offer. Good rental history, new roof (2021), new carpet downstairs, separate water heaters. Well maintained. Great candidate for additional development - location/zone could allow for an increase of density (ADU) or possibility of splitting lots. Buyer to do their due diligence as to what is possible. Big, flat back lot is bordered by alley access on three sides. Lower unit available and easy to show, upper unit needs 48 hour notice and tenant permission. Please visit lower level, review floor plan, view 360 Online Virtual Tour [] then contact Agent to see upper level.

Last Agent to Sell the Property

Roland Kuehn

RE/MAX Advanced Inc. Listed on: 10/20/2023

RE/MAX Advanced Inc.

Last Buyer's Agent

Gordon Eatherton Jr

West and Main Homes

West and Main Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,484

Year Built

  • Built in 1926

Lot Details

  • 0.29 Acre Lot
  • South Facing Home
  • Fenced
  • Level Lot

Parking

  • Alley Access

Home Design

  • Duplex
  • Raised Ranch Architecture
  • Cottage
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,516 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments
  • Wood Flooring
  • City Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Exterior Lighting

Schools

  • Putnam Elementary School
  • Lincoln Middle School
  • Poudre High School

Utilities

  • Cooling Available
  • Forced Air Zoned Heating System
  • Baseboard Heating
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas
  • Assessor Parcel Number R0027847

Community Details

Overview

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

Building Details

  • Gross Income $2,850
  • Net Operating Income $2,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,484

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Year Built: 1926
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.29
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Concrete
  • Subdivision Name: West Side
  • Directions: College Ave north into Old Town, turn left (west) on Cherry St, eight blocks to 818 Cherry St.
  • Architectural Style: Cottage/Bung, Ranch, Raised Ranch
  • Unit Levels: One, Raised Ranch
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Legal Conforming, Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1516
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, All Appliances, Disposal
  • Accessibility Features: Level Lot
  • Has Basement: Full
  • Total Bedrooms: 4
  • Flooring: Wood Floors
  • Interior Amenities: Satellite Avail, High Speed Internet, Eat-in Kitchen, Open Floorplan
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Other

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • Lot Features: Curbs, Gutters, Sidewalks, Level
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Direction Faces: South
  • Exterior Features: Lighting
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Cooling: Ceiling Fan(s)
  • Electric: Electric, City of FTC
  • Heating: Forced Air, Baseboard, Zoned
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of FTC
  • Gas Company: Natural Gas, Xcel Energy

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Putnam
  • HighSchool: Poudre
  • Junior High Dist: Poudre
  • Middle Or Junior School: Lincoln

Lot Info

  • Zoning: NCM
  • Lot Size Sq Ft: 12600
  • Parcel #: R0027847
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas

Tax Info

  • Tax Year: 2022

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 2850
  • Income Includes: ["Lease/Rents"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Apr 30, 2024
Sold by
Nhc Holdings Llc
Bought by
Fisher Gary and Fisher Alice
Seller's Agent
Roland Kuehn
RE/MAX Advanced Inc.
Buyer's Agent
Gordon Eatherton Jr
West and Main Homes
List Price
$645,000
Sold Price
$610,000
Premium/Discount to List
-$35,000
-5.43%
Views
201
Current Estimated Value
$617,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,400
Avg. Annual Appreciation
2.45%
Original Mortgage
$427,000
Outstanding Balance
$422,935
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$206,079

Purchase Details

Closed on
Jan 6, 2022
Sold by
Rae Bates Tamara
Bought by
Nhc Holdings Llc

Purchase Details

Listed on
Apr 14, 2021
Closed on
May 14, 2021
Sold by
Walkenhorst Kent Evan and Walkenhorst Kimberly Ann
Bought by
Bates Tamara Rae
Seller's Agent
Emily Heinz
Downtown Real Estate Brokers
Buyer's Agent
Roland Kuehn
RE/MAX Advanced Inc.
List Price
$500,000
Sold Price
$505,000
Premium/Discount to List
$5,000
1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%

Purchase Details

Closed on
Aug 19, 1998
Sold by
Lakin R D and Lakin Barbara L
Bought by
Walkenhorst Kent Evan and Walkenhorst Kimberly Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,600
Interest Rate
6.9%

Purchase Details

Closed on
Aug 14, 1997
Sold by
Beaver Randall D
Bought by
Lakin R D and Lakin Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,800
Interest Rate
7.6%

Purchase Details

Closed on
Jan 1, 1994
Sold by
Beaver Randall D
Bought by
Beaver Randall D
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
Fisher Gary $610,000 Land Title
Nhc Holdings Llc -- None Listed On Document
Bates Tamara Rae $505,000 Land Title Guarantee Company
Walkenhorst Kent Evan $129,500 North American Title Co
Lakin R D $104,000 Stewart Title
Beaver Randall D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fisher Gary $427,000
Previous Owner Walkenhorst Kent Evan $87,800
Previous Owner Walkenhorst Kent Evan $103,600
Previous Owner Lakin R D $72,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $610,000 -2.4% $402 / Sq Ft
11/16/2023 11/16/23 Price Changed $625,000 -3.1% $412 / Sq Ft
10/22/2023 10/22/23 For Sale $645,000 0.0% $425 / Sq Ft
10/22/2023 10/22/23 Off Market $645,000 -- --
08/12/2021 08/12/21 Off Market $505,000 -- --
05/14/2021 05/14/21 Sold $505,000 +1.0% $337 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $500,000 -- $333 / 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 $3,484 $39,999 $6,030 $33,969
2024 $3,315 $39,999 $6,030 $33,969
2022 $2,548 $26,989 $6,120 $20,869
2021 $2,632 $28,378 $6,435 $21,943
2020 $2,355 $25,168 $6,435 $18,733
2019 $2,365 $25,168 $6,435 $18,733
2018 $1,527 $16,754 $6,480 $10,274
2017 $1,522 $16,754 $6,480 $10,274
2016 $1,389 $15,220 $7,164 $8,056
2015 $1,379 $15,220 $7,160 $8,060
2014 $1,265 $13,870 $3,980 $9,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 998549

IRES MLS

APN: 97112-20-027