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Elbert 80106
24050 Elbert St
$270,000
● House - Off Market

24050 Elbert St

Elbert, CO 80106
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,456 Ft²
$1,577
Est. Monthly
11.16%
Cap Rate

About This Property

Your chance for some sweat equity! Great location on four lots with views of the Palmer Divide. Property needs a bit of TLC and has great potential! Open floorplan, great kitchen with large pantry and office area. Pellet stove in living room keeps the house warm and cozy. There is an ADU behind the house that has so much potential! It has two levels which could have two bedrooms and a living area. Add water and a kitchen for a great income opportunities!

There is plenty of room for a garage if desired. No HOA!

Come check out your chance to live in beautiful Elbert!
Unit Size
1,456 Ft²
Days on Market
88 days
Land Size
0.38 acres
Price per sqft
$206
Property Type
House
Property Taxes
$104
HOA Dues
-
Year Built
2000

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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: 2 years ago (REcolorado MLS #9598161)

Price History

Date / Event Date Event Price
Dec 20, 2024 Sold
Premium
Sold
Nov 17, 2024 In contract -
In contract
Sep 23, 2024 Listed $300,000
Listed

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 27
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,379
  • Total Building Area: 1,456
  • Gross Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELBERT ORIGINAL
  • Land Acres: 0000000376
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SECTION: 34 TOWNSHIP: 9 RANGE: 64SUBDIVISION: ELBERT ORIGINAL LOT: 25 THRU:- LOT: 28, W ON ELBERT ST (TOTAL 0.376 A)

Neighborhood

  • School District Name: Elbert School District 200
  • Census Tract: 961209

Zoning

  • Zoning: R-2

Geography

  • Account Number: R114860
  • Parcel: R114860
  • Lot: 25
  • Meridian: SEC 34 TWN 9S RNG 64E
  • Municipality: ELBERT
  • Latitude: 39.217
  • Longitude: -104.536

    Address

  • Full Address: 24050 Elbert St
  • Address - House Number: 24050
  • Address - Street Name: Elbert
  • Address - Suffix Type: St
  • State: CO
  • City Name: Elbert
  • Carrier Code: R003
  • 4-Digit Zip Code: 8958
  • Zip Code: 80106

Valuation

    Tax

  • Total Area: 1,456
  • Tax Year: 2023
  • Tax Amount: $124,624
  • Tax Rate Code Area: 16

    Appraisal Valuation

  • Standard Deviation: 0.1892
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 75
  • Final Value: 432,067
  • High Value: 513,839
  • Low Value: 350,295

    Market Valuation

  • Market Total Value: $277,933
  • Market Land Value: $27,346
  • Market Improvement Value: $250,587

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,620
  • Assessed Land Value: $1,830
  • Assessed Improvements Value: $16,790
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 Elbert

Stats & Trends

Median Asking:

$349,000

Sale Price/ft²

$211

Below Asking

0.02%

Average Days on Market

127

Average Home Size

1363 ft²

Average Home Age

51 years

Currently For Sale

3 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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REcolorado

Listed by: Cyndi Carfrey,
Last Updated: 2 years ago
Data Source: REcolorado MLS, MLS# 9598161
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 24050 Elbert Street built and last sold?
The property at 24050 Elbert Street was built in 2000 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 24050 Elbert Street is $303,000.
What are some comparable homes to 24050 Elbert Street?
There are currently no comparable homes to 24050 Elbert Street.
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