Seller's Agent in 2024
Wayne Lewis
LC Real Estate Group, LLC
(970) 440-3250
44 Total Sales
1170 E 5th St Loveland, CO 80537
Estimated Value: $499,505
4
Beds
2
Baths
1,811
Sq Ft
$276/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Eat-In Kitchen
- Forced Air Heating System
- No HOA
- Double Pane Windows
- Wood Fence
About This Home
As of September 2024ASK ABOUT HOW YOU CAN LIVE HERE WITH LOW MONTHLY PAYMENT AS AN OWNER OCCUPIED UNIT. This +/- 1,811 SF duplex on crawl space foundation with detached (4) car garage was built in 1978 and was remodeled in 2018 when converted from a house into a duplex. This property offers offers an excellent investment opportunity to acquire an infill property within minutes to Downtown Loveland on an 0.2 acre (8,640 SF) lot with no homeowners association. Recent property improvements include new exterior paint in 2024 and new roof and windows in 2018. Rear unit was constructed in 2018 with associated forced HVAC system and appliances. Detached four (4) car garage was resided in 2018. Excellent unit amenities including in unit washer/dryer for each unit, forced air heating, and fenced private backyard for rear unit and fenced patio for front unit. Future development potential with R3e Zoning, a high density residential zoning for established neighborhoods allowing for up to twenty (20) units per acre or four (4) dwelling units for the subject property. Current tenants are with long term tenants and are on a month-to-month lease. Pro forma rents of $1,600/month/unit based on rent survey, ask for details. Separately leased detached garage spaces with pro forma rents of $125/month. Tenants pay separately metered gas and electricity. Sewer, storm, and trash charges are paid by owner and are reimbursable per lease. Owner pays for water and landscaping maintenance. Pro forma assumes owner bills back for water and tenants are responsible for landscaping maintenance.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,943
Year Built
- Built in 1978
Lot Details
- 8,640 Sq Ft Lot
- Wood Fence
- Chain Link Fence
- Level Lot
Parking
- Alley Access
Home Design
- Property Attached
- Wood Frame Construction
- Composition Roof
- Composition Shingle
Interior Spaces
- 1,811 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Double Pane Windows
- Crawl Space
Kitchen
- Eat-In Kitchen
- Electric Oven or Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
Schools
- Winona Elementary School
- Ball Middle School
- Thompson Valley High School
Utilities
- Forced Air Heating System
- Cable TV Available
Listing and Financial Details
- Tenant pays for deposit, gas, electricity
- Assessor Parcel Number R0694126
Community Details
Overview
- No Home Owners Association
- 2 Units
- Wilson Addition Subdivision
Building Details
- Gross Income $45,638
- Net Operating Income $40,116
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 22, 2024
Closed on
Sep 30, 2024
Sold by
Schultz Tara
Bought by
Carbajal Hector Ivan Mejia
Seller's Agent
Wayne Lewis
LC Real Estate Group, LLC
Buyer's Agent
Edwin Lucero
LPT Realty, LLC.
List Price
$500,000
Sold Price
$500,000
Total Days on Market
39
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$495
Avg. Annual Appreciation
-0.17%
Original Mortgage
$375,000
Outstanding Balance
$373,630
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$125,875
Purchase Details
Listed on
Apr 6, 2018
Closed on
May 3, 2018
Sold by
Smith Janet E
Bought by
Schultz Donald F and Schultz Tara
Seller's Agent
Megan Wachtman
Group Loveland
Buyer's Agent
Mark Koentopp
RE/MAX Alliance-Loveland
List Price
$350,000
Sold Price
$280,000
Premium/Discount to List
-$70,000
-20%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.45%
Interest Rate
4.55%
Purchase Details
Closed on
Dec 1, 1992
Sold by
Langar Inc
Bought by
Setaro Frank A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Carbajal Hector Ivan Mejia | $500,000 | Land Title Guarantee | |
| Schultz Donald F | $280,000 | -- | |
| Setaro Frank A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Carbajal Hector Ivan Mejia | $375,000 | |
| Previous Owner | Schultz Donald F | $338,100 | |
| Previous Owner | Schultz Donald F | -- | |
| Previous Owner | Smith Janet E | $147,105 | |
| Previous Owner | Setaro Frank A | $109,473 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2024 09/30/24 | Sold | $500,000 | 0.0% | $276 / Sq Ft |
| 08/22/2024 08/22/24 | For Sale | $500,000 | +78.6% | $276 / Sq Ft |
| 01/28/2019 01/28/19 | Off Market | $280,000 | -- | -- |
| 05/02/2018 05/02/18 | Sold | $280,000 | -20.0% | $157 / Sq Ft |
| 04/06/2018 04/06/18 | For Sale | $350,000 | -- | $197 / Sq Ft |
Source: IRES MLS
Tax History Compared to Growth
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 | $2,536 | $36,629 | $2,479 | $34,150 |
| 2024 | $2,536 | $36,629 | $2,479 | $34,150 |
| 2022 | $2,344 | $29,458 | $2,516 | $26,942 |
| 2021 | $2,462 | $30,974 | $2,646 | $28,328 |
| 2020 | $1,604 | $20,171 | $2,646 | $17,525 |
| 2019 | $1,577 | $20,171 | $2,646 | $17,525 |
| 2018 | $1,953 | $23,731 | $2,664 | $21,067 |
| 2017 | $1,682 | $23,731 | $2,664 | $21,067 |
| 2016 | $1,625 | $22,160 | $2,945 | $19,215 |
| 2015 | $1,612 | $22,170 | $2,950 | $19,220 |
| 2014 | $1,347 | $17,910 | $2,950 | $14,960 |
Source: Public Records
Agents Affiliated with this Home
-
Wayne Lewis
-
Edwin Lucero
Buyer's Agent in 2024
Edwin Lucero
LPT Realty, LLC.
(970) 393-3193
44 Total Sales
-
Megan Wachtman
Seller's Agent in 2018
Megan Wachtman
Group Loveland
(970) 217-7977
173 Total Sales
-
Mark Koentopp
Buyer's Agent in 2018
Mark Koentopp
RE/MAX
(970) 218-5183
45 Total Sales
Map
Similar Homes in Loveland, CO
-
$520,000
- 4 Beds
- 2 Baths
- 1,806 Sq Ft
- 1714 W 8th St
- Loveland, CO
Looking for a solid investment with great rental potential? Look no further! This charming 2-unit duplex features 2 beds, 1 bath in each unit, and a fenced yard perfect for outdoor enjoyment. Both sides are currently tenant-occupied, making it a hassle-free income property from day one! Unit 1716 has been recently updated, adding modern appeal to this already fantastic property. Located just 3
Abigail Cornejo LoKation Real Estate
Source: IRES MLS
MLS Number: 1017060
APN: 95134-46-002
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed by the MLS.
Nearby Homes
- 1057 E 5th St
- 1245 E 6th St
- 1257 E 6th St
- 1330 E 5th St
- 1204 E 2nd St
- 729 Madison Ave
- 1413 E 7th St
- 915 W 8th St
- 1064 E 1st St
- 1601 E 1st St
- 1502 E 5th St
- 1570 E 6th St
- 264 Dean Cir Unit 264
- 515 Blue Azurite Ave
- 308 Dean Ct Unit 308
- 751 Blue Azurite Ave
- 219 N Washington Ave
- 1563 Peacock Place
- 514 E 10th St
- 504 E 10th St