$410,000
SOLD DEC 8, 2022
4 Beds
2 Baths
1,776 Sq Ft
7,000 Sq Ft Lot

Recently Sold

$231 Per Sq Ft

2% Below List Price

Highlights

  • No HOA
  • Forced Air Heating System
  • 1-Story Property
  • Eat-In Kitchen

About This Home

As of December 2022

An up and down duplex with good rents and a nearly 6% CAP rate! This property was renovated in 2017. It has a strong rental history and current market rates. Each unit has 2-bed and 1-bath. The purchase will include refrigerator, electric range/oven, microwave and clothes washer and dryer for each unit. This property is perfect for the seasoned investor or someone wanting to live in one unit and rent out the other to help offset the cost of their mortgage. Don't wait on seeing this property, schedule your showing today! Showings will be held Friday the 18th and Saturday the 19th from 1-5 pm to lessen the inconvenience to the tenants.

Last Agent to Sell the Property

Kendal Brazelton

MB/Brazelton Realty Inc Listed on: 11/15/2022

Last Buyer's Agent

Jamie Eklund

P23 Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,675

Year Built

  • Built in 1950

Lot Details

  • 7,000 Sq Ft Lot
  • Sprinkler System

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,776 Sq Ft Home
  • 1-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Mineral Rights Excluded

Schools

  • Maplewood Elementary School
  • Heath Middle School
  • Northridge High School

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R2972286

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Packards Subdivision

Building Details

  • Gross Income $30,600
  • Net Operating Income $24,863

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,675

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Year Built: 1950
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.16
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: PACKARDS
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1776
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave
  • Has Basement: Full, 90%+ Finished Basement
  • Total Bedrooms: 4
  • Interior Amenities: Eat-in Kitchen
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Mineral Rights Excluded
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, XCEL
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Greeley
  • Gas Company: Natural Gas, Atmos

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Maplewood
  • HighSchool: Northridge
  • Junior High Dist: Greeley 6
  • Middle Or Junior School: Heath

Lot Info

  • Zoning: R-M
  • Lot Size Sq Ft: 7000
  • Parcel #: R2972286
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1675

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 30600
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 5737

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2024
Sold by
Putnam Lorene A
Bought by
Putnam Lorene A and Putnam Lori A
Current Estimated Value
$401,475

Purchase Details

Listed on
Nov 15, 2022
Closed on
Dec 9, 2022
Sold by
Behning Richard A
Bought by
Redae Robel
Seller's Agent
Kendal Brazelton
MB/Brazelton Realty Inc
Buyer's Agent
Jamie Eklund
P23 Realty LLC
List Price
$420,000
Sold Price
$410,000
Premium/Discount to List
-$10,000
-2.38%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.80%

Purchase Details

Listed on
Jun 28, 2017
Closed on
Aug 21, 2017
Sold by
Rutherford Incorporated
Bought by
Behning Richard A
Seller's Agent
Justin Gesso
Pro Realty Inc
Buyer's Agent
Kendal Brazelton
MB/Brazelton Realty Inc
List Price
$239,900
Sold Price
$239,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.64%
Original Mortgage
$179,925
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2016
Sold by
Wray Laura J and Wray Rodney L
Bought by
Nury Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,995
Interest Rate
3.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 23, 2002
Sold by
Wray Rodney L and Wray Laura J
Bought by
Wray Laura J and Wray Rodney L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.15%

Purchase Details

Closed on
Feb 28, 1997
Sold by
Wray Rodney L and Wray Perry A
Bought by
Wray Rodney L and Wray Laura J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,900
Interest Rate
7.92%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Special Warranty Deed $410,000 --
Warranty Deed $239,000 Unified Title Co
Warranty Deed $138,000 None Available
Interfamily Deed Transfer $21,268 --
Interfamily Deed Transfer -- --
Personal Reps Deed $104,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $179,925 New Conventional
Previous Owner $159,995 Unknown
Previous Owner $95,000 No Value Available
Previous Owner $83,900 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2022 12/08/22 Sold $410,000 -2.4% $231 / Sq Ft
11/19/2022 11/19/22 Pending -- -- --
11/18/2022 11/18/22 For Sale $420,000 +75.1% $236 / Sq Ft
01/28/2019 01/28/19 Off Market $239,900 -- --
08/21/2017 08/21/17 Sold $239,900 0.0% $135 / Sq Ft
06/30/2017 06/30/17 Pending -- -- --
06/28/2017 06/28/17 For Sale $239,900 -- $135 / 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 $1,632 $21,880 $3,060 $18,820
2024 $1,632 $21,880 $3,060 $18,820
2023 $1,556 $23,140 $3,310 $19,830
2022 $1,588 $18,210 $2,590 $15,620
2021 $1,675 $19,160 $2,730 $16,430
2020 $1,483 $17,010 $2,030 $14,980
2019 $1,487 $17,010 $2,030 $14,980
2018 $981 $11,840 $1,660 $10,180
2017 $986 $11,840 $1,660 $10,180
2016 $712 $9,620 $1,390 $8,230
2015 $709 $9,620 $1,390 $8,230
2014 $437 $5,780 $810 $4,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 978835

IRES MLS

APN: R2972286