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Loveland 80537
2228 Iris Place
$425,000
● House - Off Market

2228 Iris Place

Loveland, CO 80537
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,647 Ft²
$448,503
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Beautiful Updated Ranch on .26 Acres in lovely Sumerset Park includes 3 Bdrms. 1 full bath, wood burning fireplace and wood burning stove, living and family room, Sunroom/dining with brick flooring, newer laminate flooring in kitchen and living room,  updated kitchen with leathered granite counters and new stainless steel appliances, new roof in 2015,  new Anderson windows in 2020, new driveway,  fully remodeled bathroom, new hot water heater and more. Attached oversized 2-car garage. Mature gorgeous landscaping with two new Trex decks, storage shed, garden area, sprinkler system and privacy fence. Wonderful neighborhood close to schools, parks and shopping.
Unit Size
1,647 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$258
Property Type
House
Property Taxes
$110
HOA Dues
$5
Year Built
1979

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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 #RECIR973331)

Price History

Date / Event Date Event Price
Nov 22, 2022 Sold
Premium
Sold
Aug 14, 2022 Listed by Home Savings Realty $425,000
Listed by Home Savings Realty
Oct 1, 1985 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • 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: 5
  • Basement Area: 324
  • Garage Type: 1
  • Garage Square Area: 452
  • Parking Space Count: 2
  • Patio Type: 61
  • Porch Type: 31
  • Pool Type: 0
  • Location Influence Type: 85

    Dimensions

  • Lot Size Square Feet: 11,542
  • Total Building Area: 1,794
  • Gross Building Area: 1,794
  • Building Area: 1,342
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,342
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOMERSET PARK ADD
  • Land Acres: 0000000265
  • Standard Land Use Code: 1001
  • County Land Use Code: 1219L
  • Legal Description 1: LOT 7 BLK 2 2ND SUB OF SOMERSET PARK ADD LOV

Neighborhood

  • School District Name: Thompson School District R-2J
  • Census Tract: 002005

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 95222
  • Account Number: R0746584
  • Parcel: R0746584
  • Block: 2
  • Lot: 7
  • Meridian: SEC 22 TWN 5N RNG 69W
  • Municipality: LOVELAND
  • Latitude: 40.3873
  • Longitude: -105.108

    Address

  • Full Address: 2228 Iris Pl
  • Address - House Number: 2228
  • Address - Street Name: Iris
  • Address - Suffix Type: Pl
  • State: CO
  • City Name: Loveland
  • Carrier Code: C045
  • 4-Digit Zip Code: 6106
  • Zip Code: 80537

Valuation

    Tax

  • Total Area: 1,667
  • Tax Year: 2023
  • Tax Amount: $217,062
  • Tax Rate Code Area: 2200

    Appraisal Valuation

  • Standard Deviation: 0.1604
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 80
  • Final Value: 459,360
  • High Value: 533,060
  • Low Value: 385,660

    Market Valuation

  • Market Total Value: $475,900
  • Market Land Value: $37,000
  • Market Improvement Value: $438,900

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $31,885
  • Assessed Land Value: $2,479
  • Assessed Improvements Value: $29,406

    Sales

  • Current Sale Contract Date: Nov 22, 2022
  • Current Sale Recording Date: Nov 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 68462
  • Previous Sale Recording Date: Oct 01, 1985
  • Previous Sale Contract Date: Oct 01, 1985
  • Previous Sale Amount: $69,000
  • 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 Loveland

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2082 ft²

Average Home Age

28.8 years

Currently For Sale

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

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Currently no similar homes around

Nearby Rentals

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Frequently Asked Questions

When was property at 2228 Iris Place built and last sold?
The property at 2228 Iris Place was built in 1979 and last sold on Nov 22, 2022 for $425,000.
How much is this home worth?
The estimated value of the home located at 2228 Iris Place is $0.
What are some comparable homes to 2228 Iris Place?
There are currently no comparable homes to 2228 Iris Place.
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