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Fort Collins 80525 South College Heights
2305 Purdue Road
$500,000
● House - Off Market

2305 Purdue Road

Fort Collins, CO 80525
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,518 Ft²
$570,981
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

NO SHOWINGS UNTIL FURTHER NOTICE. Sprawling solid brick home! Located in desirable South College Heights with over 2,500 square foot house on a large lot. Home, location and yard have wonderful potential! Choose to continue use as a rental ($2,800/month), owner occupy as it is, or choose to do a full remodel. Windows are newer. Furnace is high efficiency Lennox. There is A/C. The garage is an oversized tandem with work area and 220V. Leased through end of July but tenants may be willing to leave earlier. The large yard is irrigated but has not been used for the past few years, so seller unsure if it works or not.
Unit Size
2,518 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$194
Property Type
House
Property Taxes
$257
HOA Dues
-
Year Built
1960

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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 #RECIR937302)

Price History

Date / Event Date Event Price
Jun 28, 2021 Sold
Premium
Sold
Apr 8, 2021 Listed by RE/MAX Advanced Inc. $488,000
Listed by RE/MAX Advanced Inc.
May 8, 2002 Sold
Premium
Sold
Aug 4, 2000 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,260
  • Garage Type: 1
  • Garage Square Area: 564
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 31
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,837
  • Total Building Area: 3,084
  • Gross Building Area: 3,084
  • Building Area: 2,520
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,520
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTH COLLEGE HEIGHTS
  • Land Acres: 0000000203
  • Standard Land Use Code: 1001
  • County Land Use Code: 1219L
  • Legal Description 1: LOT 3, BLK 4, SOUTH COLLEGE HTS 6TH, FTC

Neighborhood

  • School District Name: Poudre School District R-1
  • Census Tract: 000901

Zoning

  • Zoning: RL

Geography

  • Assessors Map Reference: 97243
  • Account Number: R0115401
  • Parcel: R0115401
  • Block: 4
  • Lot: 3
  • Meridian: SEC 24 TWN 7N RNG 69W
  • Municipality: FORT COLLINS
  • Latitude: 40.5574
  • Longitude: -105.073

    Address

  • Full Address: 2305 Purdue Rd
  • Address - House Number: 2305
  • Address - Street Name: Purdue
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Fort Collins
  • Carrier Code: C038
  • 4-Digit Zip Code: 1708
  • Zip Code: 80525

Valuation

    Tax

  • Total Area: 2,520
  • Tax Year: 2023
  • Tax Amount: $339,791
  • Tax Rate Code Area: 1100

    Appraisal Valuation

  • Standard Deviation: 0.1418
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 83
  • Final Value: 650,270
  • High Value: 742,490
  • Low Value: 558,049

    Market Valuation

  • Market Total Value: $610,500
  • Market Land Value: $40,000
  • Market Improvement Value: $570,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $40,904
  • Assessed Land Value: $2,680
  • Assessed Improvements Value: $38,224

    Sales

  • Current Sale Contract Date: Jun 20, 2021
  • Current Sale Recording Date: Jun 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210062647
  • Previous Sale Recording Date: May 08, 2002
  • Previous Sale Contract Date: Apr 29, 2002
  • Previous Sale Amount: $182,000
  • 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 South College Heights

Stats & Trends

Median Asking:

$594,500

Sale Price/ft²

$330

Below Asking

0.02%

Average Days on Market

43

Average Home Size

2462 ft²

Average Home Age

65.3 years

Currently For Sale

4 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 2305 Purdue Road built and last sold?
The property at 2305 Purdue Road was built in 1960 and last sold on Jun 20, 2021 for $500,000.
How much is this home worth?
The estimated value of the home located at 2305 Purdue Road is $0.
What are some comparable homes to 2305 Purdue Road?
There are currently no comparable homes to 2305 Purdue Road.
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