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Fort Morgan 80701
433 Cherry St
$485,000
● House - Off Market

433 Cherry St

Fort Morgan, CO 80701
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,026 Ft²
$2,541
Est. Monthly
7.28%
Cap Rate

About This Property

SOLD BEFORE PUBLISHED. Meticulously maintained home with ample space throughout. The primary suite sits above the garage and provides nice separation and privacy. The main level offers an open floor plan with dining space, living room fireplace, and updated kitchen...plus another bedroom, bathroom and office. Head downstairs to the lower level, where you'll discover two additional bedrooms, a bathroom, family room and kitchenette--perfect for multi-generational living. The oversized 3 car garage is the perfect spot for projects and storage. Out back you'll be treated to a fully fenced and manicured yard, a covered upper deck and covered lower patio.
Unit Size
3,026 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$160
Property Type
House
Property Taxes
$160
HOA Dues
-
Year Built
1980

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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: 2 years ago (IRES MLS #1022827)

Price History

Date / Event Date Event Price
Nov 25, 2024 Sold
Premium
Sold
Oct 22, 2024 Listed by Group Mulberry $485,000
Listed by Group Mulberry

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 15
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 3
  • Basement Area: 1,222
  • Garage Type: 1
  • Garage Square Area: 858
  • Parking Space Count: 3
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,575
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 750
  • Total Building Area: 4,348
  • Gross Building Area: 4,348
  • Building Area: 4,348
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 2
  • Heated Square Feet: 1,804
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RAMCO SUB
  • Land Acres: 0000000243
  • Standard Land Use Code: 1001
  • Legal Description 1: SUBD RAMCO SUB FM BLOCK 03 LOT 04

Neighborhood

  • School District Name: Fort Morgan School District RE-3
  • Census Tract: 000600

Geography

  • Parcel: R005293
  • Block: 3
  • Lot: 4
  • Municipality: FORT MORGAN CD SP
  • Latitude: 40.2421
  • Longitude: -103.788

    Address

  • Full Address: 433 Cherry St
  • Address - House Number: 433
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: CO
  • City Name: Fort Morgan
  • Carrier Code: C006
  • 4-Digit Zip Code: 3839
  • Zip Code: 80701

Valuation

    Tax

  • Total Area: 3,026
  • Tax Year: 2023
  • Tax Amount: $191,412
  • Tax Rate Code Area: 025

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 415,538
  • High Value: 488,710
  • Low Value: 342,366

    Market Valuation

  • Market Total Value: $319,600
  • Market Land Value: $44,100
  • Market Improvement Value: $275,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,210
  • Assessed Land Value: $3,060
  • Assessed Improvements Value: $19,150
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 Fort Morgan

Stats & Trends

Median Asking:

$312,450

Sale Price/ft²

$192

Below Asking

0.02%

Average Days on Market

71

Average Home Size

2010 ft²

Average Home Age

68.9 years

Currently For Sale

96 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

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IRES

Listed by: Marsha Petrovic, Group Mulberry
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1022827
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 433 Cherry Street built and last sold?
The property at 433 Cherry Street was built in 1980 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 433 Cherry Street is $0.
What are some comparable homes to 433 Cherry Street?
There are currently no comparable homes to 433 Cherry Street.
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