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Akron 80720
351 W 2nd Street
$185,000
● House - Off Market

351 W 2nd Street

Akron, CO 80720
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,129 Ft²
$186,440
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

New Central Air, furnace, hot water heater and radon mitigation system installed within the last 3 years! Main floor living with the laundry room located in the master closet. The home also features Pella windows and doors. This home has been well updated and is looking for a new owner, all that's left to do is move in!
Unit Size
1,129 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$164
Property Type
House
Property Taxes
$82
HOA Dues
-
Year Built
1941

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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: 3 years ago (REcolorado MLS #RECIR960807)

Price History

Date / Event Date Event Price
May 31, 2022 Sold
Premium
Sold
Mar 15, 2022 Listed by Coates Realty Group, LLC $185,000
Listed by Coates Realty Group, LLC
Jul 3, 2019 Sold
Premium
Sold

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1960
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 10
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 784
  • Garage Type: 4
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 784
  • Gross Building Area: 1,588
  • Building Area: 784
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 2
  • Heated Square Feet: 784
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AK 1ST ADDITION
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: AKRON 1ST BLK 3 LOT 7 REC#880476 (351 W 2ND)

Neighborhood

  • School District Name: Akron School District R-1
  • Census Tract: 924200

Geography

  • Parcel: 92002003006
  • Block: 3
  • Lot: 7
  • Municipality: AKRON SCHOOL
  • Latitude: 40.1602
  • Longitude: -103.215

    Address

  • Full Address: 351 W 2nd St
  • Address - House Number: 351
  • Street Direction: W
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: CO
  • City Name: Akron
  • Carrier Code: C002
  • 4-Digit Zip Code: 1409
  • Zip Code: 80720

Valuation

    Tax

  • Total Area: 1,129
  • Tax Year: 2023
  • Tax Amount: $139,828
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.4541
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 9
  • Final Value: 150,000
  • High Value: 218,129
  • Low Value: 81,870

    Market Valuation

  • Market Total Value: $108,883
  • Market Land Value: $5,600
  • Market Improvement Value: $103,283

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,567
  • Assessed Land Value: $389
  • Assessed Improvements Value: $7,178

    Sales

  • Current Sale Contract Date: May 31, 2022
  • Current Sale Recording Date: May 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 880476
  • Previous Sale Recording Date: Jul 03, 2019
  • Previous Sale Contract Date: Jul 03, 2019
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: 36
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 Akron

Stats & Trends

Median Asking:

$226,750

Sale Price/ft²

$113

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1287 ft²

Average Home Age

88.5 years

Currently For Sale

19 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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Frequently Asked Questions

When was property at 351 West 2nd Street built and last sold?
The property at 351 West 2nd Street was built in 1941 and last sold on May 31, 2022 for $185,000.
How much is this home worth?
The estimated value of the home located at 351 West 2nd Street is $185,334.
What are some comparable homes to 351 West 2nd Street?
There are currently no comparable homes to 351 West 2nd Street.
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