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Sterling 80751
408 Denver St
$217,500
● House - Off Market

408 Denver St

Sterling, CO 80751
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,290 Ft²
$1,110
Est. Monthly
14.23%
Cap Rate

About This Property

CUTE 3 BEDROOM HOME with many recent updates.  The seller just spent over 31k to paint interior, all new carpet and laminate floor coverings, kitchen countertop and sink/faucet, new stove, refrigerator and dishwasher,  new bathroom vanity, finished family room and 3rd non-conforming bedroom in basement, and finished walls in large detached heated garage.  Finished square footage is an estimate as assessors office has not yet corrected the basement finished footage.  FLOOD INSURANCE NOT REQUIRED!
Unit Size
1,290 Ft²
Days on Market
41 days
Land Size
0.11 acres
Price per sqft
$166
Property Type
House
Property Taxes
$59
HOA Dues
-
Year Built
1947

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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 #987362)

Price History

Date / Event Date Event Price
Dec 26, 2023 Sold
Premium
Sold
May 9, 2023 Listed by Vandenbark Realty $213,900
Listed by Vandenbark Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1961
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 720
  • Garage Type: 4
  • Garage Square Area: 640
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,009
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 400
  • Total Building Area: 874
  • Building Area: 874
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 874
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: B&M 1ST ADDN
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: W 40' X 125' OF LOT 15 BLK 21 B&M ADDN STERLING

Neighborhood

  • School District Name: Valley School District RE-1
  • School Tax School District: RE-1
  • Census Tract: 966300

Geography

  • Parcel: 6696000
  • Block: 21
  • Lot: 15
  • Municipality: STERLING
  • Latitude: 40.6208
  • Longitude: -103.217

    Address

  • Full Address: 408 Denver St
  • Address - House Number: 408
  • Address - Street Name: Denver
  • Address - Suffix Type: St
  • State: CO
  • City Name: Sterling
  • Carrier Code: C005
  • 4-Digit Zip Code: 3931
  • Zip Code: 80751

Valuation

    Tax

  • Total Area: 1,440
  • Tax Year: 2023
  • Tax Amount: $45,968
  • Tax Rate Code Area: 117

    Appraisal Valuation

  • Standard Deviation: 0.1002
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 90
  • Final Value: 201,756
  • High Value: 221,984
  • Low Value: 181,527

    Market Valuation

  • Market Total Value: $121,160
  • Market Land Value: $20,000
  • Market Improvement Value: $101,160

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $8,420
  • Assessed Land Value: $1,390
  • Assessed Improvements Value: $7,030

    Sales

  • Current Sale Contract Date: Dec 22, 2023
  • Current Sale Recording Date: Dec 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 769058
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 Sterling

Stats & Trends

Median Asking:

$235,000

Sale Price/ft²

$166

Above Asking

7.49%

Average Days on Market

64

Average Home Size

1445 ft²

Average Home Age

84.9 years

Currently For Sale

105 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: Dianne Budin, Vandenbark Realty
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 987362
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 408 Denver Street built and last sold?
The property at 408 Denver Street was built in 1947 and last sold on Dec 22, 2023 for $217,500.
How much is this home worth?
The estimated value of the home located at 408 Denver Street is $0.
What are some comparable homes to 408 Denver Street?
There are currently no comparable homes to 408 Denver Street.
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