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Fort Collins 80525
5840 Mars Dr
$265,000
● House - Off Market

5840 Mars Dr

Fort Collins, CO 80525
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,070 Ft²
$318,266
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Opportunity knocks. Bring your vision and make this home your own or fix it and flip it. This property needs all new appliances and lots of restoration but it is priced accordingly.  This 3 bedroom, 2 bath, ranch plan located in the Skyview neighborhood has a good sized kitchen, fully fenced backyard with storage sheds, a sunroom and patio. Great location on the South end of Fort Collins. Located in the Poudre School District.  Property is being sold as is.
Unit Size
1,070 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$280
Property Type
House
Property Taxes
$155
HOA Dues
$6
Year Built
1970

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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: 2 years ago (REcolorado MLS #7989675)

Price History

Date / Event Date Event Price
Apr 27, 2023 Sold
Premium
Sold
Mar 31, 2023 Listed by The Group Inc - Centerra $415,000
Listed by The Group Inc - Centerra
Jan 6, 2023 Sold
Premium
Sold
Dec 19, 2022 Listed by The Group Inc - Centerra $300,000
Listed by The Group Inc - Centerra
Jun 1, 1992 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 31
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,606
  • Total Building Area: 1,056
  • Gross Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SKYVIEW
  • Land Acres: 0000000175
  • Standard Land Use Code: 1001
  • County Land Use Code: 1219L
  • Legal Description 1: LOT 6, BLK 4, SKYVIEW, FTC

Neighborhood

  • School District Name: Poudre School District R-1
  • Census Tract: 001009

Zoning

  • Zoning: FA

Geography

  • Assessors Map Reference: 96111
  • Account Number: R0227609
  • Parcel: R0227609
  • Block: 4
  • Lot: 6
  • Meridian: SEC 11 TWN 6N RNG 69W
  • Municipality: FORT COLLINS
  • Latitude: 40.505
  • Longitude: -105.08

    Address

  • Full Address: 5840 Mars Dr
  • Address - House Number: 5840
  • Address - Street Name: Mars
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Fort Collins
  • Carrier Code: R011
  • 4-Digit Zip Code: 3931
  • Zip Code: 80525

Valuation

    Tax

  • Total Area: 1,056
  • Tax Year: 2023
  • Tax Amount: $183,782
  • Tax Rate Code Area: 1107

    Appraisal Valuation

  • Standard Deviation: 0.157
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 80
  • Final Value: 409,124
  • High Value: 473,365
  • Low Value: 344,883

    Market Valuation

  • Market Total Value: $349,600
  • Market Land Value: $32,000
  • Market Improvement Value: $317,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $23,423
  • Assessed Land Value: $2,144
  • Assessed Improvements Value: $21,279

    Sales

  • Current Sale Contract Date: Apr 27, 2023
  • Current Sale Recording Date: Apr 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 16571
  • Previous Sale Recording Date: Jan 06, 2023
  • Previous Sale Contract Date: Dec 30, 2022
  • Previous Sale Amount: $279,500
  • Previous Sale Document Type: 68
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 Collins

Stats & Trends

Median Asking:

$549,990

Sale Price/ft²

$285

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1852 ft²

Average Home Age

34 years

Currently For Sale

973 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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REcolorado

Listed by: Kristin Snow, The Group Inc - Centerra
Last Updated: 2 years ago
Data Source: REcolorado MLS, MLS# 7989675
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 5840 Mars Drive built and last sold?
The property at 5840 Mars Drive was built in 1970 and last sold on Apr 27, 2023 for $415,000.
How much is this home worth?
The estimated value of the home located at 5840 Mars Drive is $408,324.
What are some comparable homes to 5840 Mars Drive?
There are currently no comparable homes to 5840 Mars Drive.
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