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Sterling 80751
502 Walnut Street
$180,000
● House - Off Market

502 Walnut Street

Sterling, CO 80751
bedrooms
6 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,192 Ft²
$203,816
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

NEW, IMPROVED, REMODELED, UPDATED and ready.  This house has new carpet, fresh paint, 3 updated bathrooms and updated kitchen.  Main floor has two bedrooms, a full bath, living room and Laundry room.  Upstairs is an open concept with areas that can be used as bedrooms, 2nd living room, game room or sitting rooms. Corner lot, detached 2-car garage with dirt floor (front face siding, door and opener will be installed).  Garage is sturdy and reinforced.
Unit Size
2,192 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$84
Property Type
House
Property Taxes
$56
HOA Dues
-
Year Built
1906

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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 (REcolorado MLS #RECIR944436)

Price History

Date / Event Date Event Price
Dec 6, 2021 Sold
Premium
Sold
Jun 25, 2021 Listed by RE/MAX Homestead Northeast $185,000
Listed by RE/MAX Homestead Northeast
Oct 4, 2016 Sold
Premium
Sold

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1935
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,793
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 676
  • Total Building Area: 2,126
  • Building Area: 2,126
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,126
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HORACE B DAVIS SUBDIVISION OF LOTS 1-4
  • Land Acres: 0000000133
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: PART OF LOTS 1 & 2 H B DAVIS SUBD OF LOTS 1-4 BLK 40 K&S ADDN DESC AS FOLLOWS: BEG AT SE COR LOT 1; TH N29D12'E 125.0'; TH

Neighborhood

  • School District Name: Valley School District RE-1
  • School Tax School District: RE-1
  • Census Tract: 966200

Geography

  • Parcel: 38052529417023
  • Block: 40
  • Lot: 1-2
  • Municipality: STERLING
  • Latitude: 40.6301
  • Longitude: -103.208

    Address

  • Full Address: 502 Walnut St
  • Address - House Number: 502
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: CO
  • City Name: Sterling
  • Carrier Code: C002
  • 4-Digit Zip Code: 3337
  • Zip Code: 80751

Valuation

    Tax

  • Total Area: 2,126
  • Tax Year: 2023
  • Tax Amount: $46,230
  • Tax Rate Code Area: 117

    Appraisal Valuation

  • Standard Deviation: 0.2097
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 201,394
  • High Value: 243,627
  • Low Value: 159,160

    Market Valuation

  • Market Total Value: $121,930
  • Market Land Value: $21,790
  • Market Improvement Value: $100,140

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $8,470
  • Assessed Land Value: $1,510
  • Assessed Improvements Value: $6,960

    Sales

  • Current Sale Contract Date: Dec 01, 2021
  • Current Sale Recording Date: Dec 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 758698
  • Previous Sale Recording Date: Oct 04, 2016
  • Previous Sale Contract Date: Sep 30, 2016
  • Previous Sale Amount: $45,000
  • 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:

$231,500

Sale Price/ft²

$165

Above Asking

7.55%

Average Days on Market

63

Average Home Size

1454 ft²

Average Home Age

84.2 years

Currently For Sale

107 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 502 Walnut Street built and last sold?
The property at 502 Walnut Street was built in 1906 and last sold on Dec 1, 2021 for $180,000.
How much is this home worth?
The estimated value of the home located at 502 Walnut Street is $186,814.
What are some comparable homes to 502 Walnut Street?
There are currently no comparable homes to 502 Walnut Street.
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