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Larimer 80540
198 May Ave
$895,000
● House - Off Market

198 May Ave

Lyons, CO 80540
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,197 Ft²
$4,869
Est. Monthly
2.98%
Cap Rate

About This Property

Sold off market. Entered for comp purposes.
Unit Size
2,197 Ft²
Days on Market
-
Land Size
1.63 acres
Price per sqft
$407
Property Type
House
Property Taxes
$474
HOA Dues
-
Year Built
1984

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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 #1035597)

Price History

Date / Event Date Event Price
May 30, 2025 Listed $895,000
Listed
Apr 6, 2018 Sold
Premium
Sold
Jul 29, 2017 Listed $585,000
Listed
Jun 23, 1999 Sold
Premium
Sold

Property Highlights

Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • 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: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 598
  • Parking Space Count: 4
  • Patio Type: 79
  • Porch Type: 50
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 71,003
  • Total Building Area: 2,795
  • Gross Building Area: 2,795
  • Building Area: 2,197
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,197
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINEWOOD SPRINGS
  • Land Acres: 0000001630
  • Standard Land Use Code: 1001
  • County Land Use Code: 1219L
  • Legal Description 1: LOT 10A, AMD LOTS 10 & 11, REPLAT PINEWOOD SPRINGS 12THFIL

Neighborhood

  • School District Name: Park School District R-3
  • Census Tract: 001905

Zoning

  • Zoning: O

Geography

  • Assessors Map Reference: 14294
  • Account Number: R1528980
  • Parcel: R1528980
  • Lot: 10A
  • Meridian: SEC 29 TWN 4N RNG 71W
  • Municipality: OUTSIDE CITY LIMITS
  • Latitude: 40.2808
  • Longitude: -105.36

    Address

  • Full Address: 198 May Ave
  • Address - House Number: 198
  • Address - Street Name: May
  • Address - Suffix Type: Ave
  • State: CO
  • City Name: Lyons
  • Carrier Code: H074
  • 4-Digit Zip Code: 8254
  • Zip Code: 80540

Valuation

    Tax

  • Total Area: 2,197
  • Tax Year: 2023
  • Tax Amount: $565,924
  • Tax Rate Code Area: 3031

    Appraisal Valuation

  • Standard Deviation: 0.1448
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 874,612
  • High Value: 1,001,287
  • Low Value: 747,936

    Market Valuation

  • Market Total Value: $945,500
  • Market Land Value: $220,000
  • Market Improvement Value: $725,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $63,349
  • Assessed Land Value: $14,740
  • Assessed Improvements Value: $48,609

    Sales

  • Current Sale Contract Date: Apr 04, 2018
  • Current Sale Recording Date: Apr 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20180020128
  • Previous Sale Recording Date: Jun 23, 1999
  • Previous Sale Contract Date: Jun 18, 1999
  • Previous Sale Amount: $217,000
  • 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 Larimer

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$283

Above Asking

83.42%

Average Days on Market

56

Average Home Size

2246 ft²

Average Home Age

27.9 years

Currently For Sale

3436 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: Brian McCann,
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1035597
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 198 May Avenue built and last sold?
The property at 198 May Avenue was built in 1984 and last sold on Apr 4, 2018 for $55,000.
How much is this home worth?
The estimated value of the home located at 198 May Avenue is $0.
What are some comparable homes to 198 May Avenue?
There are currently no comparable homes to 198 May Avenue.
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