NOT LISTED FOR SALE

Estimated Value: $859,000 - $1,297,000

6 Beds
3 Baths
1,889 Sq Ft
$618/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $1,255,000 $664 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $6,847/month

39 Days on Market

Highlights

  • Property is near public transit
  • Patio
  • High Speed Internet
  • Private Yard
  • Landscaped
  • East Facing Home

About This Home

As of October 2022

• $85,000 Price Reduction!!!
• Beautifully Remodeled Triplex in Denver’s Hottest Neighborhood, River North (RiNo)
• Many Recent Capital Improvements Including Newer: Roof, Gutters, Exterior Paint and Landscaping
• 100% Occupied
• Just 1/2 Mile to 38th & Blake Light Rail Station
• All 2Bed/1Bath Units
• Washer/Dryer Hookups in Each Unit
• Large, Double Lot with Excellent Zoning (U-MX-3)
• Future Redevelopment Opportunity
• Excellent Neighborhood Demographics ($105,000 Average Household Income within Two Mile Radius)
• Large Storage Shed Provides Additional Income
• Property is owned by Colorado Licensed Real Estate Agent

Last Agent to Sell the Property

Josh Newell

Pinnacle Real Estate Advisors License #100001439 Listed on: 08/29/2022

Last Buyer's Agent

Ryan Williams

LoKation Real Estate License #100094785

LoKation Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,883

Year Built

  • Built in 1888 | Remodeled

Lot Details

  • 6,098 Sq Ft Lot
  • East Facing Home
  • Property is Fully Fenced
  • Landscaped
  • Private Yard

Home Design

  • Triplex
  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,889 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Laundry in unit

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Off-Street Spaces

Outdoor Features

  • Patio
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Schools

  • Cole Arts And Science Academy Elementary School
  • Denver Language Middle School
  • Manual High School

Utilities

  • Boiler Heating System
  • Separate Meters
  • Water Heater
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Tenant possessions
  • Tenant pays for cable TV, electricity, gas, telephone
  • The owner pays for exterior maintenance, grounds care, insurance, taxes, trash collection, water
  • Assessor Parcel Number 2262-26-026

Community Details

Overview

  • Marion House Community
  • Rino Subdivision

Building Details

  • Operating Expense $12,574

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,883

Year Built

Built in 1888 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Structure Type: Triplex
  • Levels: Two
  • Building Name: Marion House
  • Above Grade Price per Sq Ft: 664.37
  • Finished Price per Sq Ft: 664.37
  • Total Price per Sq Ft: 578.07
  • Year Built: 1888
  • Above Grade Finished Sq Ft: 1889.00
  • Actual Annual Net Income: 73271.00
  • Exclusions: Tenant possessions
  • Living Area: 1889.00
  • Offstreet Spaces: 5
  • P P A: 8964285.71
  • Projected Annual Expense: 12574.00
  • Projected Annual Net Income: 80430.00
  • Projected Gross Income: 95400.00
  • Utility Metering: Separate Electric, Separate Gas, Shared Boiler
  • Property Condition: Updated/Remodeled
  • SubdivisionName: RiNo
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator
  • Basement: Partial
  • Total Bedrooms: 6

Exterior Features

  • Direction Faces: East
  • Roof: Composition
  • Construction Materials: Brick, Frame
  • Exterior Features: Lighting, Private Yard, Rain Gutters
  • Patio and Porch Features: Patio

Garage/Parking

  • Total Parking Spaces: 5

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Phone Available, Phone Connected
  • Sewer: Public Sewer
  • Heating: Hot Water
  • Water Source: Public
  • Laundry Features: In Unit

Fee Information

  • Operating Expense: 12574.00

Schools

  • School District: Denver 1
  • Elementary School: Cole Arts And Science Academy
  • Middle School: Denver Language School
  • High School: Manual
  • Middle Or Junior School: Denver Language School

Lot Info

  • Parcel Number: 2262-26-026
  • Lot Size Acres: 0.14
  • Fencing: Full
  • Building Area Total: 2171.00
  • Lot Features: Landscaped, Near Public Transit
  • Lot Size Sq Ft: 6098.40

Rental Info

  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Unit Count: 1
  • Utility Billing to Tenants: Included in Rent

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3883.00

MLS Schools

  • Elementary School: Cole Arts And Science Academy
  • High School: Manual

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2022
Closed on
Oct 31, 2022
Sold by
Marlon House Llc
Bought by
Misukanis Susan Ann
Seller's Agent
Josh Newell
Pinnacle Real Estate Advisors
Buyer's Agent
Ryan Williams
LoKation Real Estate
List Price
$1,435,000
Sold Price
$1,255,000
Premium/Discount to List
-$180,000
-12.54%
Views
10
Current Estimated Value
$1,167,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$87,711
Avg. Annual Appreciation
-3.12%
Original Mortgage
$941,250
Outstanding Balance
$912,190
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$240,574

Purchase Details

Closed on
Jan 14, 2017
Sold by
May Alexander J
Bought by
Marion Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,000
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2016
Sold by
Marion Homes Llc
Bought by
May Alexander J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,000
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2015
Sold by
Happy Homestead Llc
Bought by
Marion Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 28, 2015
Sold by
May Alexander and May Alexander J
Bought by
Happy Homestead Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 30, 2013
Sold by
May Alexander J
Bought by
Happy Homestead Llc

Purchase Details

Closed on
Mar 23, 2012
Sold by
Happy Homestead Llc
Bought by
May Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2007
Sold by
May Alexander J
Bought by
Happy Homestead Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,050
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2007
Sold by
Dupont Stephen P and Dupont Ellen M
Bought by
May Alexander J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,050
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2003
Sold by
S & A Llc
Bought by
Dupont Stephen P and Dupont Ellen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,720
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 1988
Sold by
Vitello Salvatore and Vitello Connie
Bought by
S & A Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Misukanis Susan Ann $1,255,000 Stewart Title
Marion Homes Llc -- None Available
May Alexander J -- None Available
Marion Homes Llc -- None Available
Happy Homestead Llc -- None Available
Happy Homestead Llc -- None Available
May Alexander -- None Available
Happy Homestead Llc -- None Available
May Alexander J $269,400 Land Title Guarantee Company
Dupont Stephen P $205,900 Title America
S & A Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Misukanis Susan Ann $941,250
Previous Owner Marion Homes Llc $532,000
Previous Owner May Alexander J $354,000
Previous Owner Happy Homestead Llc $100,000
Previous Owner May Alexander $180,000
Previous Owner May Alexander J $202,050
Previous Owner Dupont Stephen P $41,550
Previous Owner Dupont Stephen P $193,900
Previous Owner Dupont Stephen P $164,720
Closed Dupont Stephen P $20,590
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2022 10/31/22 Sold $1,255,000 -7.0% $664 / Sq Ft
10/07/2022 10/07/22 Pending -- -- --
09/28/2022 09/28/22 Price Changed $1,350,000 -5.9% $715 / Sq Ft
08/29/2022 08/29/22 For Sale $1,435,000 -- $760 / Sq Ft
Source: REcolorado®

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 $4,799 $60,590 $38,320 $22,270
2023 $4,695 $60,590 $38,320 $22,270
2022 $3,936 $49,500 $29,850 $19,650
2021 $3,883 $52,040 $31,380 $20,660
2020 $3,636 $49,000 $31,380 $17,620
2019 $3,534 $49,000 $31,380 $17,620
2018 $2,101 $27,160 $27,090 $70
2017 $2,095 $27,160 $27,090 $70
2016 $1,697 $20,810 $4,991 $15,819
2015 $1,626 $20,810 $4,991 $15,819
2014 $1,082 $13,030 $3,494 $9,536
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 2394745

REcolorado®

APN: 2262-26-026