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8551 Gray Street

8551 Gray Street, Arvada, CO 80003
Property in Far Horizons
Sold Jun 03, 1996
$117,000
$115,951 by Metro Funding Corp
Mortgage Due Jun 01, 2026
Sold Dec 06, 1994
$104,900
$104,090 by Temple Inland Mtg Corp
Mortgage Due Dec 01, 2024
8551 Gray Street has been categorized by the local assessors in Arvada, CO as a residential type of property. The building on the property was first built in 1973 and is 51 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. In addition, 8551 Gray Street has 1,540 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement with daylight that is 744 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 7,884 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bi-level style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 437 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in May 31, 1996 for $117,000. That's $59.18 per sqft. Prior to that sales transaction, the property was also sold in Nov 29, 1994 for $104,900. 8551 Gray Street was last assessed in 2023. The total value of the property was assessed at $27,823. Specifically, the land the property is located on was valued at $11,223. While improvements on the property were assessed at a total of $16,600. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,699. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bi-level
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 744
  • Garage Type: Attached
  • Garage Square Area: 437
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,884
  • Total Building Area: 1,977
  • Gross Building Area: 2,167
  • Building Area: 1,540
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,540
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FAR HORIZONS FLG #2
  • Land Acres: 0.181
  • Standard Land Use Code: Single family residential
  • State Land Use Code: Apartments (generic)
  • Legal Description 1: SECTION 25 TOWNSHIP 02 RANGE 69 QTR NE SUBDIVISIONCD 240000 SUBDIVISIONNAME FAR HORIZONS FLG #2 BLOCK 002 LOT 0017 SIZE: 7866 TRACT VALUE: .181

Ownership

  • Current Owner : SANDS MICHAEL D
  • Current Owner 2: MALLOY MICHELLE
  • Previous Owner : SIMMONS SAMUEL J
  • Previous Owner 2: SIMMONS RENEE A
  • Owner Before Previous Owner: WALTER STEPHEN P
  • Owner Before Previous Owner 2: WALTER SHEREEN L
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Jefferson County School District R-1
  • Census Tract: 009832

Geography

  • Assessors Map Reference: 12-C
  • Account Number: 300082881
  • Parcel: 29-251-03-032
  • Block: 2
  • Lot: 17
  • Meridian: SEC 25 TWN 02S RNG 69W
  • Municipality: ARVADA
  • Latitude: 39.8529
  • Longitude: -105.061

    Address

  • Full Address: 8551 Gray St
  • Address - House Number: 8551
  • Address - Street Name: Gray
  • Address - Suffix Type: St
  • State: CO
  • City Name: Arvada
  • Carrier Code: C056
  • 4-Digit Zip Code: 1333
  • Zip Code: 80003

Valuation

    Tax

  • Total Area: 1,540
  • Tax Year: 2023
  • Tax Amount: $2,699
  • Tax Rate Code Area: 1013

    Appraisal Valuation

  • Standard Deviation: 0.148
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 82
  • Final Value: 520,669
  • High Value: 597,777
  • Low Value: 443,562

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $150,951
  • First Open Lien Mortgage Lender: METRO FUNDING CORP
  • First Open Lien Mortgage Recording Date: Jun 03, 1996
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $115,951
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2026
  • Second Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • Second Open Lien Mortgage Recording Date: Aug 06, 2015
  • Second Open Lien Mortgage Loan Amount: $35,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Second Open Lien Mortgage Loan Due Date: Aug 17, 2045

    Market Valuation

  • Market Total Value: $470,256
  • Market Land Value: $167,501
  • Market Improvement Value: $302,755

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,823
  • Assessed Land Value: $11,223
  • Assessed Improvements Value: $16,600

    Sales

  • Current Sale Contract Date: May 31, 1996
  • Current Sale Recording Date: Jun 03, 1996
  • Current Sale Transaction ID: 11455440286
  • Current Sale Price: $117,000
  • Current Sale Document Type: Joint Tenancy Deed
  • Current Sale Input Document Number: F0244859
  • Previous Sale Recording Date: Dec 06, 1994
  • Previous Sale Contract Date: Nov 29, 1994
  • Previous Sale Amount: $104,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: METRO FUNDING CORP
  • First Mortgage Transaction Date: Jun 03, 1996
  • First Mortgage Loan Amount: $115,951
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2026

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: TEMPLE INLAND MTG CORP
  • Previous Mortgage Transaction Date: Dec 06, 1994
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $104,090
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Dec 01, 2024

About Far Horizons



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Frequently Asked Questions

What neighborhood is 8551 Gray Street located in?
The 8551 Gray Street is a located in the neighborhood of Far Horizons in Far Horizons, Arvada.
What is the average sales price for listings in 8551 Gray Street?
The average sales price for units in 8551 Gray Street is $0 currently.

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