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Logan 80751
18805 Cherry Ln
$407,500
● House - Off Market

18805 Cherry Ln

Sterling, CO 80751
bedrooms
6 Beds
bathrooms
3 Baths
square feet
2,528 Ft²
$439,323
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Wrap up a home for the Holidays!  Beautiful ranch style home located on 2.5 acres just minutes from Sterling. This home offers just about everything for everyone! Step inside and you will fall in love with the beautiful updates to the kitchen and main level bathroom, featuring granite counters and custom cabinetry. Also recently updated is the basement family room and guest suite! Just off the kitchen is a sun room, great for gathering crowds for a holiday home cooked meal. Off the sun room there is a covered patio that overlooks the massive back yard! There are 2 storage sheds, raised garden beds and an extra lot with 3 access gates, fully fenced for your horse or 4h project. Move in ready! 50 Year Malarkey Shingles installed April 2020.
Unit Size
2,528 Ft²
Days on Market
-
Land Size
2.53 acres
Price per sqft
$164
Property Type
House
Property Taxes
$131
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #973270)

Price History

Date / Event Date Event Price
Jan 17, 2023 Sold
Premium
Sold
Aug 11, 2022 Listed by Town Square Realty $415,000
Listed by Town Square Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1989
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,312
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 110,425
  • Total Building Area: 2,528
  • Building Area: 2,528
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,528
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOHNSON REPLAT
  • Land Acres: 0000002535
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: LOT 11 & LOT 14 JOHNSON REPLAT

Neighborhood

  • School District Name: Valley School District RE-1
  • School Tax School District: RE-1
  • Census Tract: 966101

Geography

  • Parcel: 38052518403001
  • Lot: 11
  • Municipality: STERLING
  • Latitude: 40.6576
  • Longitude: -103.225

    Address

  • Full Address: 18805 Cherry Ln
  • Address - House Number: 18805
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ln
  • State: CO
  • City Name: Sterling
  • Carrier Code: R003
  • 4-Digit Zip Code: 9115
  • Zip Code: 80751

Valuation

    Tax

  • Total Area: 2,624
  • Tax Year: 2023
  • Tax Amount: $123,964
  • Tax Rate Code Area: 113

    Appraisal Valuation

  • Standard Deviation: 0.2036
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 72
  • Final Value: 423,909
  • High Value: 510,256
  • Low Value: 337,562

    Market Valuation

  • Market Total Value: $301,690
  • Market Land Value: $78,490
  • Market Improvement Value: $223,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,970
  • Assessed Land Value: $5,460
  • Assessed Improvements Value: $15,510

    Sales

  • Current Sale Contract Date: Jan 13, 2023
  • Current Sale Recording Date: Jan 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 764892
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 Logan

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$168

Above Asking

5.39%

Average Days on Market

64

Average Home Size

1704 ft²

Average Home Age

77.4 years

Currently For Sale

153 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: Wendy Jerman, Town Square Realty
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 973270
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 18805 Cherry Lane built and last sold?
The property at 18805 Cherry Lane was built in 1972 and last sold on Jan 13, 2023 for $407,500.
How much is this home worth?
The estimated value of the home located at 18805 Cherry Lane is $0.
What are some comparable homes to 18805 Cherry Lane?
There are currently no comparable homes to 18805 Cherry Lane.
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