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Limon 80828
561 Main Street
$157,000
● House - Off Market

561 Main Street

Limon, CO 80828
bedrooms
3 Beds
bathrooms
1 Bath
square feet
912 Ft²
$872
Est. Monthly
17.28%
Cap Rate

About This Property

Wow! Welcome home to this move-in-ready abode. Enter from the new front porch complete with low maintenance composite decking. Boasting high ceilings reminiscent of the turn of the last century homes, you will love the updated features. Recent renovations include new drywall, upgraded electrical, new flooring in Kitchen, Living Room, and Utility Room. This historic cottage boasts 3 bedrooms and one bathroom with an efficient floorplan. Within walking distance to downtown amenities which includes restaurants, groceries, pharmacy, library, museums, medical facilities, theater, and shopping. The large back yard is easily accessed from the alley and provides extra parking and plenty of space for kids and pets. Call to schedule a showing today.
Unit Size
912 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$185
Property Type
House
Property Taxes
$41
HOA Dues
-
Year Built
1896

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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 (REcolorado MLS #REC5707879)

Price History

Date / Event Date Event Price
Mar 26, 2024 Sold
Premium
Sold
Aug 13, 2023 Listed by RURAL AMERICAN REALTY $169,000
Listed by RURAL AMERICAN REALTY
Sep 18, 2003 Sold
Premium
Sold

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1896
  • Effective Year Built: 1972
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 5
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 25
  • Interior Walls Type: 6
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,271
  • Lot Size Depth Feet: 1,390
  • Lot Size Frontage Feet: 380
  • Total Building Area: 1,020
  • Gross Building Area: 1,020
  • Building Area: 1,020
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 912
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LIMON ORIGINAL
  • Land Acres: 0000000121
  • Standard Land Use Code: 1001
  • Legal Description 1: WEST 12.5 LOT 7, ALL LOT 8 BLK 31 ORIGINAL TOWN OF LIMON, CO.

Neighborhood

  • School District Name: Limon School District RE-4J
  • Census Tract: 961700

Geography

  • Account Number: R003573
  • Parcel: 258517431004
  • Block: 31
  • Lot: 7-8
  • Municipality: LIMON RE-4J
  • Latitude: 39.2627
  • Longitude: -103.683

    Address

  • Full Address: 561 Main St
  • Address - House Number: 561
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: CO
  • City Name: Limon
  • Carrier Code: R777
  • 4-Digit Zip Code: 5126
  • Zip Code: 80828

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $25,452
  • Tax Rate Code Area: 450

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 84
  • Final Value: 151,358
  • High Value: 171,961
  • Low Value: 130,756

    Market Valuation

  • Market Total Value: $81,885
  • Market Land Value: $6,603
  • Market Improvement Value: $75,282

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,691
  • Assessed Land Value: $459
  • Assessed Improvements Value: $5,232

    Sales

  • Current Sale Contract Date: Mar 25, 2024
  • Current Sale Recording Date: Mar 26, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 359702
  • Previous Sale Recording Date: Sep 18, 2003
  • Previous Sale Contract Date: Sep 18, 2003
  • Previous Sale Amount: $40,000
  • 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 Limon

Stats & Trends

Median Asking:

$240,000

Sale Price/ft²

$194

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1575 ft²

Average Home Age

70.4 years

Currently For Sale

21 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 561 Main Street built and last sold?
The property at 561 Main Street was built in 1896 and last sold on Mar 25, 2024 for $157,000.
How much is this home worth?
The estimated value of the home located at 561 Main Street is $0.
What are some comparable homes to 561 Main Street?
There are currently no comparable homes to 561 Main Street.
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