NOT LISTED FOR SALE

Estimated Value: $829,336

-- Bed
2 Baths
1,792 Sq Ft
$463/Sq Ft Est. Value

Last Sold January 13, 2025

Last sale price $800,000 $446 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,619/month

165 Days on Market

Highlights

  • Open Floorplan
  • Victorian Architecture
  • Brick Veneer
  • Central Elementary School Rated A-
  • No HOA
  • 4-minute walk to Old Mill Park

About This Home

As of January 2025

This charming brick Victorian House is the longtime home to one of Longmont's favorite restaurants, Tortugas. The owners plan to retire after 30 years of success in the same spot. Very established location in the heart of Longmont, just West of Main Street. The property is in the Longmont development zone and will benefit from the Coffman Street Mobility Improvements that are officially in the pre-construction phase. There is a planned transportation hub a block away, just South of 1st Avenue. This hub will serve BRT, RTD, local bus service as well as the planned rail system. A more notable improvement will bring bike and pedestrian paths from 1st Ave to 9th Ave. This location will benefit greatly from this improved "multi-modal" traffic pattern. It is also located directly across the street from the very busy Longmont Post Office.The open floor plan serves as an 60 seat restaurant. There is also a bar on the second floor. The patio is a huge attraction during the spring, summer, and fall months and will seat an additional 25 guests. There are a lot of possibilities with this fantastic spot. This unique property is an iconic destination in Longmont. Tortugas has been a part of a lot of our personal histories in the Longmont area. It will be a top of mind location for whatever happens next. Tortugas will continue operating while the property is for sale. If you know the owners, take a minute to congratulate them. They are retiring on their terms after many successful years serving the Longmont Community. Please be respectful of their time. Showings will need to be scheduled outside of business hours and you must be accompanied by an agent.

Last Listed By

Kevin Duffy

Sellstate ACE Realty Listed on: 04/01/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,986

Year Built

  • Built in 1910

Lot Details

  • 6,248 Sq Ft Lot
  • Property fronts an alley
  • West Facing Home
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Victorian Architecture
  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2 Bathrooms
  • 1,792 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Self Contained Fireplace Unit Or Insert
  • Window Treatments
  • Crawl Space

Outdoor Features

  • Patio

Schools

  • Central Elementary School
  • Westview Middle School
  • Longmont High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • High Speed Internet

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, taxes, insurance, interior maintenance, common area maintenance, exterior maintenance
  • Assessor Parcel Number R0044677

Community Details

Overview

  • No Home Owners Association
  • Longmont Old Town Subdivision

Building Details

  • Gross Income $51,300
  • Net Operating Income $32,314

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,986

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.14
  • Road Frontage Type: City Street, Alley
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Longmont Old Town
  • Directions: From 119 Head North on Main Street. Turn Left onto 1st Ave and Right onto Coffman. The house is right across the street from the Longmont Post Office.
  • Architectural Style: Victorian
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Possible Use: Commercial, Commercial or Industrial
  • Private Spa: No
  • Has Basement: Crawl Space
  • Fireplace Features: Insert
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Open Floorplan
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial, Fenced
  • Lot Features: Curbs, Gutters, Sidewalks, Level, Within City Limits
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Direction Faces: West
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Cooling: Evaporative Cooling
  • Electric: Electric, City Longmont
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Longmont
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Central
  • HighSchool: Longmont
  • Junior High Dist: ST Vrain Dist RE 1J
  • Middle Or Junior School: Westview

Lot Info

  • Zoning: MU
  • Lot Size Sq Ft: 6248
  • Parcel #: R0044677
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Taxes, Insurance, Interior Maintenance, Common Area Maintenance, Exterior Maintenance

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 11986

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 51300
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 18986

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
Jan 13, 2025
Sold by
Deep C Llc
Bought by
Third Place Llc
Seller's Agent
Kevin Duffy
Sellstate ACE Realty
Buyer's Agent
Kevin Duffy
Sellstate ACE Realty
List Price
$875,000
Sold Price
$800,000
Premium/Discount to List
-$75,000
-8.57%
Total Days on Market
165
Views
56
Current Estimated Value
$829,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,336
Avg. Annual Appreciation
14.27%
Original Mortgage
$610,113
Outstanding Balance
$610,113
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
$219,223

Purchase Details

Closed on
Mar 31, 1999
Sold by
Sager George A
Bought by
Deep C Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
10%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 16, 1982
Bought by
Deep C Llc

Purchase Details

Closed on
Dec 13, 1978
Bought by
Deep C Llc

Purchase Details

Closed on
May 18, 1977
Bought by
Deep C Llc

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
Third Place Llc $800,000 Land Title
Third Place Llc $800,000 Land Title
Deep C Llc $225,000 --
Deep C Llc $114,900 --
Deep C Llc $61,800 --
Deep C Llc $26,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Third Place Llc $610,113
Closed Third Place Llc $610,113
Previous Owner Deep C Llc $30,000
Previous Owner Deep C Llc $205,813
Previous Owner Deep C Llc $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2025 01/13/25 Sold $800,000 -8.6% $446 / Sq Ft
09/17/2024 09/17/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $875,000 -- $488 / 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
2024 $11,986 $120,639 $75,832 $44,807
2023 $11,986 $120,639 $75,832 $53,177
2022 $8,083 $77,749 $43,790 $33,959
2021 $7,964 $77,749 $43,790 $33,959
2020 $7,316 $71,630 $43,790 $27,840
2019 $7,845 $71,630 $43,790 $27,840
2018 $9,536 $89,079 $65,847 $23,232
2017 $9,421 $89,079 $65,847 $23,232
2016 $7,038 $63,628 $29,037 $34,591
2015 $6,751 $56,811 $25,926 $30,885
2014 $6,220 $56,811 $25,926 $30,885
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 1006222

IRES MLS

APN: 1315033-13-009