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Elbert 80106
24365 N Elbert Rd
Photo of 24365 N Elbert Rd
Sold on Jun 21, 2021

1

Map

$86,341
● Mobile Manufactured - Off Market

24365 N Elbert Rd

Elbert, CO 80106
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,457 Ft²
$115,834
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Rare investment ownership opportunity awaits. This three bedroom, two bath ranch style 1972 manufactured home is in need of TLC/updating, but should bring substantial "sweat equity" to the right buyer! Located in the heart of the quaint town of Elbert within easy walking access to school, convenience store, athletic fields & restaurants. Easy access to Colorado Springs and/or Denver Metro community. All cash offers preferred. (Some owner carry financing may be available with approved credit). If financing is needed, a lender letter is required with the offer, and due to the age of the home there are only two lenders (that we know of) who will provide financing, so we will be glad to provide that information upon request. Home is being sold as is. Call for your private showing today!
Unit Size
1,457 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$68
Property Type
Mobile Manufactured
Property Taxes
$61
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

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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: 5 months ago (REcolorado MLS #IRE2899486)

Price History

Date / Event Date Event Price
Jul 24, 2023 Sold
Premium
Sold
Mar 2, 2023 Listed $329,000
Listed
Jun 23, 2021 Sold
Premium
Sold
Apr 23, 2021 Listed $99,000
Listed
Jan 17, 1978 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 17
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 10
  • Roof Shape Type: 1
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 588
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,619
  • Total Building Area: 2,045
  • Gross Building Area: 2,045
  • Building Area: 1,457
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,457
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELBERT FRICKS ADD
  • Land Acres: 0000000129
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SECTION: 34 TOWNSHIP: 9 RANGE: 64SUBDIVISION: ELBERT FRICKS ADD BLOCK: 1 LOT: 6 THRU:- LOT: 8 N1/2

Neighborhood

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

Zoning

  • Zoning: C

Geography

  • Account Number: R110292
  • Parcel: R110292
  • Block: 1
  • Lot: 6
  • Meridian: SEC 34 TWN 9S RNG 64E
  • Municipality: ELBERT
  • Latitude: 39.2217
  • Longitude: -104.537

    Address

  • Full Address: 24365 N Elbert Rd
  • Address - House Number: 24365
  • Street Direction: N
  • Address - Street Name: Elbert
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Elbert
  • Carrier Code: R003
  • 4-Digit Zip Code: 9749
  • Zip Code: 80106

Valuation

    Tax

  • Total Area: 2,068
  • Tax Year: 2023
  • Tax Amount: $80,852
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 16

    Appraisal Valuation

  • Standard Deviation: 0.0736
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 95
  • Final Value: 353,650
  • High Value: 379,689
  • Low Value: 327,611

    Market Valuation

  • Market Total Value: $180,258
  • Market Land Value: $12,917
  • Market Improvement Value: $167,341

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,080
  • Assessed Land Value: $870
  • Assessed Improvements Value: $11,210

    Sales

  • Current Sale Contract Date: Jul 21, 2023
  • Current Sale Recording Date: Jul 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 628120
  • Previous Sale Recording Date: Jun 23, 2021
  • Previous Sale Contract Date: Jun 16, 2021
  • Previous Sale Amount: $86,341
  • 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 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

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REcolorado

Listed by: Brian Janes,
Last Updated: 5 months ago
Data Source: REcolorado MLS, MLS# IRE2899486
© 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 24365 North Elbert Road built and last sold?
The property at 24365 North Elbert Road was built in 1972 and last sold on Jul 21, 2023 for $320,000.
How much is this home worth?
The estimated value of the home located at 24365 North Elbert Road is $322,226.
What are some comparable homes to 24365 North Elbert Road?
There are currently no comparable homes to 24365 North Elbert Road.
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