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Greeley 80631
501 7th St
$255,000
● House - Off Market

501 7th St

Greeley, CO 80631
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,225 Ft²
$1,471
Est. Monthly
10.68%
Cap Rate

About This Property

Raised-ranch home with 3 bedrooms and 2 bathrooms.  Kitchen has new countertops, and the main floor bathroom is a step-in shower arrangement.  Freshly painted.  Large 2-car garage has a shop area in back.  There is a partial kitchenette in the basement, along with the laundry room.  The home is situated on a corner lot, with a well-built handicapped accessible ramp in front.
Unit Size
1,225 Ft²
Days on Market
40 days
Land Size
0.12 acres
Price per sqft
$231
Property Type
House
Property Taxes
$82
HOA Dues
-
Year Built
1939

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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 #1010615)

Price History

Date / Event Date Event Price
Sep 30, 2024 Sold
Premium
Sold
May 29, 2024 Listed by Pro Realty Inc $282,900
Listed by Pro Realty Inc

Property Highlights

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 700
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,325
  • Total Building Area: 1,976
  • Gross Building Area: 1,976
  • Building Area: 1,292
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 1,292
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBERTS MINOR
  • Land Acres: 0000000122
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: LOT 3 ROBERTS MINOR

Neighborhood

  • School District Name: Greeley School District 6
  • Census Tract: 000701

Geography

  • Assessors Map Reference: MAP 1316
  • Account Number: R8984957
  • Parcel: R8984957
  • Block: 40
  • Lot: 3
  • Meridian: SEC 5 TWN 5N RNG 65W
  • Latitude: 40.4261
  • Longitude: -104.686

    Address

  • Full Address: 501 7th St
  • Address - House Number: 501
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: CO
  • City Name: Greeley
  • Carrier Code: C037
  • 4-Digit Zip Code: 2427
  • Zip Code: 80631

Valuation

    Tax

  • Total Area: 2,072
  • Tax Year: 2022
  • Tax Amount: $198,988
  • Tax Rate Code Area: 0600

    Appraisal Valuation

  • Standard Deviation: 0.1076
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 89
  • Final Value: 394,517
  • High Value: 437,002
  • Low Value: 352,033

    Market Valuation

  • Market Total Value: $382,029
  • Market Land Value: $70,000
  • Market Improvement Value: $312,029

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,600
  • Assessed Land Value: $4,690
  • Assessed Improvements Value: $20,910

    Sales

  • Current Sale Recording Date: Nov 08, 1978
  • Current Sale Document Type: 27
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 Greeley

Stats & Trends

Median Asking:

$420,000

Sale Price/ft²

$209

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1992 ft²

Average Home Age

43.7 years

Currently For Sale

671 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: Mike Ramstack, Pro Realty Inc
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 1010615
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 501 7th Street built and last sold?
The property at 501 7th Street was built in 1939 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 501 7th Street is $0.
What are some comparable homes to 501 7th Street?
There are currently no comparable homes to 501 7th Street.
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