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Sterling 80751
505 N 4th Ave
$40,000
● House - Off Market

505 N 4th Ave

Sterling, CO 80751
bedrooms
3 Beds
bathrooms
1 Bath
square feet
864 Ft²
$351
Est. Monthly
45.57%
Cap Rate

About This Property

This 3 bedroom home  has a full bath (that had some updating roughly 3 years ago), a large living room/dining room combo, small kitchen with stove and refrigerator and a front cover porch.  Large 2 plus car detached garage.  Small lot for easy maintenance. Older room heater in living room.  The center wall of this house has had some settling and needs foundation repair.  The back corner bedroom needs some floor repair. This property is priced for quick sale.
Unit Size
864 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$75
Property Type
House
Property Taxes
$32
HOA Dues
-
Year Built
1921

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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 #1010482)

Price History

Date / Event Date Event Price
Jul 9, 2024 Sold
Premium
Sold
May 26, 2024 Listed by RE/MAX Homestead Northeast $65,000
Listed by RE/MAX Homestead Northeast
Apr 30, 2009 Sold
Premium
Sold

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1939
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 2
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,617
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 400
  • Total Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 22
  • Heated Square Feet: 864
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK 3RD ADDN
  • Land Acres: 0000000106
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: E 115' OF LOT 7 BLK 6 PARK 3RD ADDN STERLING

Neighborhood

  • School District Name: Valley School District RE-1
  • School Tax School District: RE-1
  • Census Tract: 966102

Geography

  • Parcel: 6663000
  • Block: 6
  • Lot: 7
  • Municipality: STERLING
  • Latitude: 40.6307
  • Longitude: -103.217

    Address

  • Full Address: 505 N 4th Ave
  • Address - House Number: 505
  • Street Direction: N
  • Address - Street Name: 4th
  • Address - Suffix Type: Ave
  • State: CO
  • City Name: Sterling
  • Carrier Code: C004
  • 4-Digit Zip Code: 3009
  • Zip Code: 80751

Valuation

    Tax

  • Total Area: 864
  • Tax Year: 2023
  • Tax Amount: $12,276
  • Tax Rate Code Area: 117

    Appraisal Valuation

  • Standard Deviation: 0.2565
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 63
  • Final Value: 142,175
  • High Value: 178,649
  • Low Value: 105,700

    Market Valuation

  • Market Total Value: $65,170
  • Market Land Value: $11,500
  • Market Improvement Value: $53,670

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $4,530
  • Assessed Land Value: $800
  • Assessed Improvements Value: $3,730

    Sales

  • Current Sale Contract Date: Apr 24, 2009
  • Current Sale Recording Date: Apr 30, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 693564
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

7.44%

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: Michele Owen, RE/MAX Homestead Northeast
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 1010482
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 505 North 4th Avenue built and last sold?
The property at 505 North 4th Avenue was built in 1921 and last sold on Apr 24, 2009 for $40,000.
How much is this home worth?
The estimated value of the home located at 505 North 4th Avenue is $69,475.
What are some comparable homes to 505 North 4th Avenue?
There are currently no comparable homes to 505 North 4th Avenue.
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