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Larimer 80524
1837 Rainbow Dr
$785,000
● House - Off Market

1837 Rainbow Dr

Fort Collins, CO 80524
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,228 Ft²
$4,312
Est. Monthly
3.54%
Cap Rate

About This Property

You don't want to miss this beauty! Lovely ranch style home nestled in one of Fort Collins' most desirable neighborhoods. This house sits on .4 of an acre, is in pristine condition, has beautiful landscaping with shade trees and fruit trees. What more could you ask for? How about a large workshop for all your toys, tools and lawn supplies? That's just the exterior! Inside boasts vaulted ceilings and lots of natural light in the spacious living room, updated kitchen with gorgeous hickory cabinets, filestone countertops and large island. Huge pantry! Stainless steel appliances. Large mud/laundry room off the kitchen. Unfinished basement for you to make your own. This house is spectacular! Come see for yourself!
Unit Size
2,228 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$370
Property Type
House
Property Taxes
$261
HOA Dues
-
Year Built
1977

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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 (IRES MLS #995704)

Price History

Date / Event Date Event Price
Jan 10, 2024 Sold
Premium
Sold
Sep 3, 2023 Listed by eXp Realty - Northern CO $825,000
Listed by eXp Realty - Northern CO
Jul 16, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 13
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 552
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 3
  • Patio Type: 59
  • Porch Type: 31
  • Pool Type: 0
  • Location Influence Type: 82

    Dimensions

  • Lot Size Square Feet: 17,946
  • Total Building Area: 3,200
  • Gross Building Area: 3,200
  • Building Area: 2,228
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,228
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEDRAH ACRES 2ND
  • Land Acres: 0000000412
  • Standard Land Use Code: 1001
  • County Land Use Code: 1219L
  • Legal Description 1: LOT 1, NEDRAH ACRES 2ND AMD LOTS 71 AND 72 (20090073362)

Neighborhood

  • School District Name: Poudre School District R-1
  • Census Tract: 001307

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 88314
  • Account Number: R1649746
  • Parcel: R1649746
  • Lot: 1
  • Meridian: SEC 31 TWN 8N RNG 68W
  • Municipality: OUTSIDE CITY LIMITS
  • Latitude: 40.6105
  • Longitude: -105.043

    Address

  • Full Address: 1837 Rainbow Dr
  • Address - House Number: 1837
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Fort Collins
  • Carrier Code: R015
  • 4-Digit Zip Code: 1929
  • Zip Code: 80524

Valuation

    Tax

  • Total Area: 2,780
  • Tax Year: 2023
  • Tax Amount: $390,884
  • Tax Rate Code Area: 1003

    Appraisal Valuation

  • Standard Deviation: 0.0581
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 98
  • Final Value: 810,713
  • High Value: 857,860
  • Low Value: 763,566

    Market Valuation

  • Market Total Value: $785,400
  • Market Land Value: $65,000
  • Market Improvement Value: $720,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $52,622
  • Assessed Land Value: $4,355
  • Assessed Improvements Value: $48,267

    Sales

  • Current Sale Contract Date: Jan 09, 2024
  • Current Sale Recording Date: Jan 10, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1117
  • Previous Sale Recording Date: Jul 16, 2002
  • Previous Sale Contract Date: Jul 15, 2002
  • Previous Sale Amount: $307,500
  • 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 Larimer

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$284

Above Asking

79.83%

Average Days on Market

58

Average Home Size

2259 ft²

Average Home Age

27.3 years

Currently For Sale

3300 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

Rentals Near You

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IRES

Listed by: Nicole Hicks, eXp Realty - Northern CO
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 995704
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. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.

Frequently Asked Questions

When was property at 1837 Rainbow Drive built and last sold?
The property at 1837 Rainbow Drive was built in 1977 and last sold on Jan 9, 2024 for $785,000.
How much is this home worth?
The estimated value of the home located at 1837 Rainbow Drive is $823,642.
What are some comparable homes to 1837 Rainbow Drive?
There are currently no comparable homes to 1837 Rainbow Drive.
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