NOT LISTED FOR SALE

Estimated Value: $738,000 - $1,322,000

11 Beds
4 Baths
3,784 Sq Ft
$258/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $975,000 $258 Per Sq Ft

Current estimated payment $5,615/month

27 Days on Market

Highlights

  • No HOA
  • Outdoor Storage
  • Partially Fenced Property
  • Lesher Middle School Rated A-
  • Forced Air Heating System
  • 4-minute walk to Eastside Park

About This Home

As of July 2020

Turn-key low maintenance investment property ready to add to or start your portfolio. This property is immaculate, each unit fully remodeled within the past year. Includes 2 duplexes (4 units) and 3 large storage sheds. Each unit separate gas meter, electric meter, furnace, water heater and storage unit. New plumbing, electrical, furnaces, water heaters, siding, windows, flooring, paint, appliances, landscaping, ect. New roof on front bldg. All units are rented. Alley shared with neighbor. Buyer to verify all information. Contact agent for links to video walk-throughs.

Last Agent to Sell the Property

Josh Stone

RentPro Property Management Listed on: 05/04/2020

Last Buyer's Agent

Joanne DeLeon

Group Harmony

Group Harmony

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,936

Year Built

  • Built in 1954

Lot Details

  • 0.28 Acre Lot
  • Partially Fenced Property

Home Design

  • Property Attached
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,784 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Finished Basement

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Outdoor Storage

Schools

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

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number R0050725

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Old Town Subdivision

Building Details

  • Gross Income $76,800
  • Net Operating Income $68,064

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,936

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Year Built: 1954
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.28
  • Subdivision Name: Old Town
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3784
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Microwave
  • Has Basement: 90%+ Finished Basement
  • Total Bedrooms: 11
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Other Structures: Storage
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Separate Meter Electricity, City of FTC
  • Heating: Forced Air
  • Utilities: Cable Available
  • Heating Yn: Yes
  • Water Source: City Water, City of FTC
  • Gas Company: Separate Meter Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Zoning: NCM
  • Lot Size Sq Ft: 12000
  • Parcel #: R0050725
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 76800
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 8736

Tax Info

  • Tax Annual Amount: 2936

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2022
Sold by
Wagner Carrie E
Bought by
Rist Canyon Properties Laurel Llc
Current Estimated Value
$976,208

Purchase Details

Listed on
May 4, 2020
Closed on
Jul 25, 2020
Sold by
Front Range Investment Group Llc
Bought by
Carney Thomas V and Wagner Carrie E
Seller's Agent
Josh Stone
RentPro Property Management
Buyer's Agent
Joanne DeLeon
Group Harmony
List Price
$1,090,000
Sold Price
$975,000
Premium/Discount to List
-$115,000
-10.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.02%
Original Mortgage
$633,750
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 30, 2018
Closed on
Dec 14, 2018
Sold by
Breckenridge Property Fund 2016 Llc
Bought by
Front Range Investment Group Llc
Seller's Agent
Polly Watts
Maxim Properties, Inc
Buyer's Agent
Josh Stone
RentPro Property Management
List Price
$369,900
Sold Price
$479,150
Premium/Discount to List
$109,250
29.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.04%

Purchase Details

Listed on
Nov 30, 2018
Closed on
Oct 25, 2018
Sold by
Kiel Ralph R
Bought by
Breckenridge Property Fund 2016 Llc
Seller's Agent
Polly Watts
Maxim Properties, Inc
Buyer's Agent
Josh Stone
RentPro Property Management
List Price
$369,900
Sold Price
$479,150
Premium/Discount to List
$109,250
29.54%

Purchase Details

Closed on
Nov 21, 1997
Sold by
Kiel Jean M
Bought by
Kiel Ralph R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.23%
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
Rist Canyon Properties Laurel Llc -- None Listed On Document
Carney Thomas V $975,000 First American Title
Front Range Investment Group Llc $479,150 Fidelity National Title Co
Breckenridge Property Fund 2016 Llc -- None Available
Kiel Ralph R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carney Thomas V $633,750
Previous Owner Kiel Ralph R $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2021 10/29/21 Off Market $975,000 -- --
07/31/2020 07/31/20 Sold $975,000 -10.6% $258 / Sq Ft
05/04/2020 05/04/20 For Sale $1,090,000 +127.5% $288 / Sq Ft
03/19/2019 03/19/19 Off Market $479,150 -- --
12/18/2018 12/18/18 Sold $479,150 +29.5% $125 / Sq Ft View Prior Sale
12/06/2018 12/06/18 Pending -- -- --
11/30/2018 11/30/18 For Sale $369,900 -- $97 / 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 $5,026 $56,066 $13,400 $42,666
2024 $4,782 $56,066 $13,400 $42,666
2022 $5,105 $54,060 $8,160 $45,900
2021 $5,272 $56,843 $8,580 $48,263
2020 $4,783 $51,123 $4,362 $46,761
2019 $3,007 $31,997 $4,362 $27,635
2018 $2,937 $32,220 $4,392 $27,828
2017 $2,926 $32,220 $4,392 $27,828
2016 $2,935 $26,205 $4,856 $21,349
2015 $2,375 $26,210 $4,860 $21,350
2014 $2,055 $22,530 $3,820 $18,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 910621

IRES MLS

APN: 97131-17-028