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Platteville 80651
305 Cherry Ave
$360,000
● House - Off Market

305 Cherry Ave

Platteville, CO 80651
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$1,967
Est. Monthly
7.98%
Cap Rate

About This Property

New price! Looking for small town living?  Ranch-style home in Platteville on good-sized yard.  Newer appliances, center island.  Hardwood in entry, and in one bedroom.  Furnace only 1-2 years old, A/C added at same time.  Gas hot water heater fairly new. Laundry by back door, washer and dryer included.  Raised beds in fenced area to keep critters out.  Vinyl windows and vinyl siding for low maintenance. Front yard fenced and auto sprinklered. Lots of opportunity for gardening.
Unit Size
1,200 Ft²
Days on Market
41 days
Land Size
0.19 acres
Price per sqft
$316
Property Type
House
Property Taxes
$106
HOA Dues
-
Year Built
1962

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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 (IRES MLS #1010820)

Price History

Date / Event Date Event Price
Sep 18, 2024 Sold
Premium
Sold
Jun 22, 2024 Price Decreased $379,000
↓ $16K (4.1%)
Price Decreased
May 30, 2024 Listed by RE/MAX Town and Country $395,000
Listed by RE/MAX Town and Country
Dec 20, 2016 Sold
Premium
Sold
Sep 19, 2005 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 384
  • Parking Space Count: 3
  • Patio Type: 60
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,584
  • Gross Building Area: 1,584
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLATTEVILLE TOWN
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: PVI 16462-A L3 BLK30

Neighborhood

  • School District Name: Weld County School District RE-1
  • Census Tract: 001800

Geography

  • Assessors Map Reference: MAP 1398
  • Account Number: R4900486
  • Parcel: R4900486
  • Block: 30
  • Lot: 3
  • Meridian: SEC 19 TWN 3N RNG 66W
  • Latitude: 40.2122
  • Longitude: -104.822

    Address

  • Full Address: 305 Cherry Ave
  • Address - House Number: 305
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ave
  • State: CO
  • City Name: Platteville
  • Zip Code: 80651

Valuation

    Tax

  • Total Area: 1,200
  • Tax Year: 2023
  • Tax Amount: $126,588
  • Tax Rate Code Area: 0180

    Appraisal Valuation

  • Standard Deviation: 0.2069
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 406,042
  • High Value: 490,085
  • Low Value: 321,999

    Market Valuation

  • Market Total Value: $381,718
  • Market Land Value: $72,000
  • Market Improvement Value: $309,718

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,570
  • Assessed Land Value: $4,820
  • Assessed Improvements Value: $20,750

    Sales

  • Current Sale Contract Date: Dec 19, 2016
  • Current Sale Recording Date: Dec 20, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4263289
  • Previous Sale Recording Date: Sep 19, 2005
  • Previous Sale Contract Date: Sep 15, 2005
  • Previous Sale Amount: $134,900
  • 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 Platteville

Stats & Trends

Median Asking:

$466,000

Sale Price/ft²

$299

Below Asking

0.03%

Average Days on Market

58

Average Home Size

1659 ft²

Average Home Age

57.4 years

Currently For Sale

13 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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IRES

Listed by: Marian Maggi, RE/MAX Town and Country
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 1010820
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.

Frequently Asked Questions

When was property at 305 Cherry Avenue built and last sold?
The property at 305 Cherry Avenue was built in 1962 and last sold on Dec 19, 2016 for $220,000.
How much is this home worth?
The estimated value of the home located at 305 Cherry Avenue is $381,112.
What are some comparable homes to 305 Cherry Avenue?
There are currently no comparable homes to 305 Cherry Avenue.
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