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Sterling 80751
409 Park St
$225,000
● House - Off Market

409 Park St

Sterling, CO 80751
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,114 Ft²
$1,157
Est. Monthly
13.56%
Cap Rate

About This Property

IT'S TIME TO BUY! STEP INSIDE THIS MOVE IN READY HOME AND YOU WILL WANT TO COME BACK WITH ALL YOUR BELONGINGS. HOME FEATURES NEWER WINDOWS, FLOORING, GUTTERS, SEWER LINE FROM HOUSE TO ALLEY, LARGE EAT IN KITCHEN, MAIN LEVEL LAUNDRY ROOM, CENTRAL AIR FOR YOUR SUMMER COMFORT. THIS 3 BEDROOM HOME IS NOT IN THE FLOOD PLAIN & THE PRIVACY FENCED BACK YARD IS EXPANSIVE.  DON'T JUST DRIVE BY, MAKE AN APPOINTMENT AND CHECK OUT THE INTERIOR, YOU WON'T BE DISAPPOINTED.
Unit Size
1,114 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$202
Property Type
House
Property Taxes
$52
HOA Dues
-
Year Built
1913

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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 (IRES MLS #1013817)

Price History

Date / Event Date Event Price
Aug 9, 2024 In contract -
In contract
Aug 9, 2024 Sold
Premium
Sold
Jul 9, 2024 Listed by Choice Real Estate $225,000
Listed by Choice Real Estate
Aug 11, 2022 Sold
Premium
Sold
Jun 30, 2022 Listed by Choice Real Estate $198,500
Listed by Choice Real Estate
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 1945
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 3
  • 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: 210
  • Garage Type: 1
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,273
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,114
  • Building Area: 1,114
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,114
  • 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: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: LOT 3 BLK 23 B&M ADDN STERLING

Neighborhood

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

Geography

  • Parcel: 6286100
  • Block: 23
  • Lot: 3
  • Municipality: STERLING
  • Latitude: 40.6193
  • Longitude: -103.217

    Address

  • Full Address: 409 Park St
  • Address - House Number: 409
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: CO
  • City Name: Sterling
  • Carrier Code: C005
  • 4-Digit Zip Code: 3938
  • Zip Code: 80751

Valuation

    Tax

  • Total Area: 1,318
  • Tax Year: 2023
  • Tax Amount: $62,162
  • Tax Rate Code Area: 117

    Appraisal Valuation

  • Standard Deviation: 0.2497
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 64
  • Final Value: 212,841
  • High Value: 265,989
  • Low Value: 159,692

    Market Valuation

  • Market Total Value: $149,220
  • Market Land Value: $25,000
  • Market Improvement Value: $124,220

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $10,370
  • Assessed Land Value: $1,740
  • Assessed Improvements Value: $8,630

    Sales

  • Current Sale Contract Date: Aug 11, 2022
  • Current Sale Recording Date: Aug 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 762815
  • Previous Sale Recording Date: Jun 15, 2020
  • Previous Sale Contract Date: Apr 24, 2020
  • Previous Sale Amount: $159,900
  • 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 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: Kimberly Fuller, Choice Real Estate
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 1013817
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 409 Park Street built and last sold?
The property at 409 Park Street was built in 1913 and last sold on Aug 11, 2022 for $195,000.
How much is this home worth?
The estimated value of the home located at 409 Park Street is $222,706.
What are some comparable homes to 409 Park Street?
There are currently no comparable homes to 409 Park Street.
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