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Fort Collins 80524 Richard's Lake
1850 Mainsail Dr
$580,000
● House - Off Market

1850 Mainsail Dr

Fort Collins, CO 80524
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,821 Ft²
$3,294
Est. Monthly
$50
HOA / Fees
4.56%
Cap Rate

About This Property

Immaculate custom-built ranch located at the end of a quiet cul-de-sac! This home features an open floor plan with vaulted and coffered ceilings, beautiful wood floors, and a spacious kitchen perfect for entertaining. A formal dining room-or optional office-includes elegant French doors for added versatility. All appliances are included, along with recent updates such as a newer roof, water heater, dishwasher, and disposal. Stay comfortable year-round with central A/C and a whole-house fan. The full unfinished basement offers endless possibilities for future expansion. An oversized 3-car garage provides plenty of space for vehicles, storage, or a workshop. Enjoy the huge backyard, ideal for outdoor gatherings and activities. Fantastic location just one block north of the Fort Collins Country Club!
Unit Size
1,821 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$329
Property Type
House
Property Taxes
$298
HOA Dues
$50
Year Built
2002

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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: 2 years ago (IRES MLS #1041947)

Price History

Date / Event Date Event Price
Sep 26, 2025 Sold
Premium
Sold
Aug 20, 2025 Listed by Property Partners $599,900
Listed by Property Partners
Mar 5, 2010 Sold
Premium
Sold
Dec 31, 2002 Sold
Premium
Sold
Jul 17, 2002 Listed by Property Partners $287,900
Listed by Property Partners

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,282
  • Garage Type: 1
  • Garage Square Area: 694
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 31
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,448
  • Total Building Area: 3,797
  • Gross Building Area: 3,797
  • Building Area: 1,821
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,821
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RICHARDS LAKE PUD FILING ONE
  • Land Acres: 0000000263
  • Standard Land Use Code: 1001
  • County Land Use Code: 1219L
  • Legal Description 1: LOT 260, RICHARDS LAKE PUD, FILING ONE, FTC (2001023344)

Neighborhood

  • School District Name: Poudre School District R-1
  • Census Tract: 001308

Zoning

  • Zoning: LMN

Geography

  • Assessors Map Reference: 88304
  • Account Number: R1605659
  • Parcel: R1605659
  • Lot: 260
  • Meridian: SEC 30 TWN 8N RNG 68W
  • Municipality: FORT COLLINS
  • Latitude: 40.6257
  • Longitude: -105.044

    Address

  • Full Address: 1850 Mainsail Dr
  • Address - House Number: 1850
  • Address - Street Name: Mainsail
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Fort Collins
  • Carrier Code: R012
  • 4-Digit Zip Code: 6706
  • Zip Code: 80524

Valuation

    Tax

  • Total Area: 3,103
  • Tax Year: 2023
  • Tax Amount: $340,641
  • Tax Rate Code Area: 1108

    Appraisal Valuation

  • Standard Deviation: 0.1408
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 83
  • Final Value: 609,056
  • High Value: 694,843
  • Low Value: 523,269

    Market Valuation

  • Market Total Value: $611,900
  • Market Land Value: $155,300
  • Market Improvement Value: $456,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $40,997
  • Assessed Land Value: $10,405
  • Assessed Improvements Value: $30,592

    Sales

  • Current Sale Contract Date: Feb 26, 2010
  • Current Sale Recording Date: Mar 05, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20100012562
  • Previous Sale Recording Date: Dec 31, 2002
  • Previous Sale Contract Date: Dec 30, 2002
  • Previous Sale Amount: $296,422
  • 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 Richard's Lake

Stats & Trends

Median Asking:

$575,000

Sale Price/ft²

$241

Below Asking

0.02%

Average Days on Market

46

Average Home Size

3354 ft²

Average Home Age

8.3 years

Currently For Sale

3 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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IRES

Listed by: Richard Payne Jr, Property Partners
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1041947
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 1850 Mainsail Drive built and last sold?
The property at 1850 Mainsail Drive was built in 2002 and last sold on Feb 26, 2010 for $310,000.
How much is this home worth?
The estimated value of the home located at 1850 Mainsail Drive is $572,912.
What are some comparable homes to 1850 Mainsail Drive?
There are currently no comparable homes to 1850 Mainsail Drive.
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