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Longmont 80503
1234 Milner Lane
$547,500
● House - Off Market

1234 Milner Lane

Longmont, CO 80503
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,240 Ft²
$521,307
RealtyHop Estimate
-5.20%
Since Jul 1, 2022
CO-Denver
Primary Model

About This Property

LOVELY RANCH IN MONTVIEW PARK Large ranch home on a quiet street with a fully finished basement. On the main level you'll find a granite kitchen, master bedroom with 3/4 bath, bedrooms two and three, full hall bath, a large living room with a gas fireplace and access to the rear deck with awning and landscape lighting. Downstairs is a huge rec room, laundry, a fourth non-conforming bedroom, a second 3/4 bath and a second fireplace. The garden shed keeps the two car attached garage clutter free. A bit of updating will make this ready to move in home your own.
Unit Size
2,240 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$245
Property Type
House
Property Taxes
$161
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (REcolorado MLS #RECIR965460)

Price History

Date / Event Date Event Price
Jun 27, 2022 Sold
Premium
Sold
May 13, 2022 Listed by RE/MAX of Boulder, Inc $549,900
Listed by RE/MAX of Boulder, Inc
Oct 1, 1996 Sold
Premium
Sold
Jul 7, 1994 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
With View
Garage

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 840
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,057
  • Total Building Area: 2,680
  • Gross Building Area: 2,680
  • Building Area: 2,240
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,240
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MONTVIEW PARK 1 & AMD BLKS 8 & 9 LG
  • Land Acres: 0000000162
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 5 BLK 7 MONTVIEW PARK 1

Neighborhood

  • School District Name: St. Vrain Valley School District RE 1J
  • Census Tract: 013208

Geography

  • Assessors Map Reference: B2-J
  • Account Number: R0045619
  • Parcel: R0045619
  • Block: 7
  • Lot: 5
  • Meridian: SEC 32 TWN 3N RNG 69
  • Municipality: LONGMONT
  • Latitude: 40.1798
  • Longitude: -105.133

    Address

  • Full Address: 1234 Milner Ln
  • Address - House Number: 1234
  • Address - Street Name: Milner
  • Address - Suffix Type: Ln
  • State: CO
  • City Name: Longmont
  • Carrier Code: C085
  • 4-Digit Zip Code: 3631
  • Zip Code: 80503

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $190,372
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 00-680

    Appraisal Valuation

  • Standard Deviation: 0.1507
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 81
  • Final Value: 554,657
  • High Value: 638,291
  • Low Value: 471,023

    Market Valuation

  • Market Total Value: $531,900
  • Market Land Value: $137,600
  • Market Improvement Value: $394,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,983
  • Assessed Land Value: $9,309
  • Assessed Improvements Value: $26,674

    Sales

  • Current Sale Contract Date: Jun 22, 2022
  • Current Sale Recording Date: Jun 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3969062
  • Previous Sale Recording Date: Oct 01, 1996
  • Previous Sale Contract Date: Sep 30, 1996
  • Previous Sale Amount: $162,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Longmont

Stats & Trends

Median Asking:

$545,000

Sale Price/ft²

$295

Above Asking

0.00%

Average Days on Market

51

Average Home Size

1970 ft²

Average Home Age

33.9 years

Currently For Sale

556 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Frequently Asked Questions

When was property at 1234 Milner Lane built and last sold?
The property at 1234 Milner Lane was built in 1974 and last sold on Jun 22, 2022 for $547,500.
How much is this home worth?
The estimated value of the home located at 1234 Milner Lane is $559,368.
What are some comparable homes to 1234 Milner Lane?
There are currently no comparable homes to 1234 Milner Lane.
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