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Salida 81201
348 Palmer St
$534,000
● House - Off Market

348 Palmer St

Salida, CO 81201
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,053 Ft²
$559,632
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

This two bedroom one bathroom house sits on a corner lot with its two car detached garage just blocks away from the Arkansas River. The lot is surrounded by mature trees and the yard is fully fenced. Inside the home, there is a bonus office/sunroom with skylight windows.
Unit Size
1,053 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$464
Property Type
House
Property Taxes
$110
HOA Dues
-
Year Built
1899

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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: 2 months ago (REcolorado MLS #IRE8904465)

Price History

Date / Event Date Event Price
Aug 31, 2021 Sold
Premium
Sold
Jul 8, 2021 Listed $489,000
Listed
Apr 11, 2014 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1899
  • Effective Year Built: 1960
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,200
  • Total Building Area: 1,053
  • Building Area: 1,053
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 1,053
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLAKE & WESTERFIELDS
  • Land Acres: 0000000234
  • Standard Land Use Code: 1001
  • Legal Description 1: PT LOTS 21 THRU 24 BLK 10 BLAKE & WESTERFIELDS ADD SALIDA INCLUDES 3807051-10-154 REC 473777

Neighborhood

  • School District Name: Salida School District R-32
  • Census Tract: 000100

Geography

  • District: CH
  • Parcel: R380705110521
  • Block: 10
  • Lot: 21 - 24
  • Meridian: SEC 5 TWN 49N RNG 9E
  • Latitude: 38.5283
  • Longitude: -105.99

    Address

  • Full Address: 348 Palmer St
  • Address - House Number: 348
  • Address - Street Name: Palmer
  • Address - Suffix Type: St
  • State: CO
  • City Name: Salida
  • Carrier Code: C004
  • 4-Digit Zip Code: 3035
  • Zip Code: 81201

Valuation

    Tax

  • Total Area: 1,053
  • Tax Year: 2022
  • Tax Amount: $156,048
  • Tax Rate Code Area: 07

    Appraisal Valuation

  • Standard Deviation: 0.2318
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 67
  • Final Value: 622,583
  • High Value: 766,954
  • Low Value: 478,212

    Market Valuation

  • Market Total Value: $470,781
  • Market Land Value: $195,690
  • Market Improvement Value: $275,091

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,720
  • Assessed Land Value: $13,600
  • Assessed Improvements Value: $19,120

    Sales

  • Current Sale Contract Date: Aug 30, 2021
  • Current Sale Recording Date: Aug 31, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 473777
  • Previous Sale Recording Date: Apr 11, 2014
  • Previous Sale Contract Date: Apr 11, 2014
  • Previous Sale Amount: $254,000
  • 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 Salida

Stats & Trends

Median Asking:

$721,750

Sale Price/ft²

$449

Below Asking

0.03%

Average Days on Market

68

Average Home Size

1435 ft²

Average Home Age

51.6 years

Currently For Sale

83 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: Adriana De Anda,
Last Updated: 2 months ago
Data Source: REcolorado MLS, MLS# IRE8904465
© 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 348 Palmer Street built and last sold?
The property at 348 Palmer Street was built in 1899 and last sold on Aug 30, 2021 for $534,000.
How much is this home worth?
The estimated value of the home located at 348 Palmer Street is $503,465.
What are some comparable homes to 348 Palmer Street?
There are currently no comparable homes to 348 Palmer Street.
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