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Sterling 80751
225 Phelps Street
$165,000
● House - Off Market

225 Phelps Street

Sterling, CO 80751
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,572 Ft²
$193,411
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

TAKE A LOOK AT THIS GREAT HOME THAT HAS SEEN SEVERAL UPDATES THE PAST COUPLE OF YEARS. THE THIRD BEDROOM IN BASEMENT IS NON-CONFORMING BUT COULD EASILY HAVE AN EGRESS WINDOW INSTALLED.  GREAT ENCLOSED PATIO AREA IN BACK AS WELL AS AN ENCLOSED FRONT PORCH TO ENJOY SITTING OUTSIDE WITHOUT THE BUGS. CLOSE TO DOWNTOWN AND PARKS IS AN IDEAL SPOT TO LIVE.  NOT IN THE FLOOD PLAIN
Unit Size
1,572 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$108
Property Type
House
Property Taxes
$50
HOA Dues
-
Year Built
1918

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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 #RECIR944735)

Price History

Date / Event Date Event Price
Sep 29, 2023 Sold
Premium
Sold
Jun 23, 2023 Listed by Choice Real Estate $195,000
Listed by Choice Real Estate
Aug 19, 2021 Sold
Premium
Sold
Jul 1, 2021 Listed by Choice Real Estate $169,000
Listed by Choice Real Estate
Sep 10, 2018 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1941
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 644
  • Garage Type: 4
  • Garage Square Area: 228
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,572
  • Building Area: 1,572
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,572
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: B&M 1ST ADDN
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: W 70' LOTS 11-13 BLK 36 B&M ADDN STERLING

Neighborhood

  • School District Name: Valley School District RE-1
  • School Tax School District: RE-1
  • Census Tract: 966300

Geography

  • Parcel: 3003000
  • Block: 36
  • Lot: 11-13
  • Municipality: STERLING
  • Latitude: 40.6223
  • Longitude: -103.215

    Address

  • Full Address: 225 Phelps St
  • Address - House Number: 225
  • Address - Street Name: Phelps
  • Address - Suffix Type: St
  • State: CO
  • City Name: Sterling
  • Carrier Code: C002
  • 4-Digit Zip Code: 4044
  • Zip Code: 80751

Valuation

    Tax

  • Total Area: 1,700
  • Tax Year: 2023
  • Tax Amount: $59,616
  • Tax Rate Code Area: 117

    Appraisal Valuation

  • Standard Deviation: 0.2536
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 64
  • Final Value: 221,849
  • High Value: 278,112
  • Low Value: 165,585

    Market Valuation

  • Market Total Value: $144,540
  • Market Land Value: $21,000
  • Market Improvement Value: $123,540

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $10,050
  • Assessed Land Value: $1,460
  • Assessed Improvements Value: $8,590

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Sep 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 768001
  • Previous Sale Recording Date: Aug 23, 2021
  • Previous Sale Contract Date: Aug 17, 2021
  • Previous Sale Amount: $165,000
  • 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 Sterling

Stats & Trends

Median Asking:

$231,500

Sale Price/ft²

$165

Above Asking

7.55%

Average Days on Market

62

Average Home Size

1448 ft²

Average Home Age

85 years

Currently For Sale

105 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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Frequently Asked Questions

When was property at 225 Phelps Street built and last sold?
The property at 225 Phelps Street was built in 1918 and last sold on Sep 29, 2023 for $195,000.
How much is this home worth?
The estimated value of the home located at 225 Phelps Street is $199,037.
What are some comparable homes to 225 Phelps Street?
There are currently no comparable homes to 225 Phelps Street.
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