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Sterling 80751
615 Franklin St
$215,000
● House - Off Market

615 Franklin St

Sterling, CO 80751
bedrooms
2 Beds
bathrooms
1 Bath
square feet
899 Ft²
$1,085
Est. Monthly
9.61%
Cap Rate

About This Property

Exceptional value in today's market! This 2-bedroom, 1-bath home proves that great things come in smaller sizes! Move-in ready and full of charm, it offers beautiful finishes and plenty of space both inside and out. Exquisite wood floors in the living room and bedrooms and tiled bath, kitchen, and utility areas for easy upkeep and style. The cozy and efficient layout is perfect for first-time buyers, downsizing, or investment. The large backyard includes a spacious patio area-ideal for entertaining or relaxing. Versatile shed that could store garden tools or double as a playhouse. Oversized garage at the back of the 12,000 sq. ft. lot is complete with an extra heated room-perfect for a home office, studio, or guest space. This home is an affordable gem-don't miss your chance to make it yours!
Unit Size
899 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$239
Property Type
House
Property Taxes
$29
HOA Dues
-
Year Built
1940

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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: 13 months ago (IRES MLS #1042281)

Price History

Date / Event Date Event Price
Oct 3, 2025 Sold
Premium
Sold
Oct 2, 2025 In contract -
In contract
Aug 26, 2025 Listed by Lenox Realty LLC $215,000
Listed by Lenox Realty LLC
Aug 21, 2023 Sold
Premium
Sold
Jun 26, 2023 Listed by Lenox Realty LLC $185,000
Listed by Lenox Realty LLC
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1957
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 8
  • Construction Type: 1
  • Building Style: 0
  • Exterior Walls Type: 18
  • 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
  • Parking Space Count: 4
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,023
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 899
  • Building Area: 899
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 899
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: G A ROE ADDN
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: E 60' OF W 240' LOTS 4-5 BLK 1 G A ROE ADDN STERLING

Neighborhood

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

Geography

  • Parcel: 3960000
  • Block: 1
  • Lot: 4-5
  • Municipality: STERLING
  • Latitude: 40.6389
  • Longitude: -103.208

    Address

  • Full Address: 615 Franklin St
  • Address - House Number: 615
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: CO
  • City Name: Sterling
  • Carrier Code: C008
  • 4-Digit Zip Code: 2618
  • Zip Code: 80751

Valuation

    Tax

  • Total Area: 899
  • Tax Year: 2023
  • Tax Amount: $29,906
  • Tax Rate Code Area: 117

    Appraisal Valuation

  • Standard Deviation: 0.2536
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 64
  • Final Value: 175,024
  • High Value: 219,413
  • Low Value: 130,636

    Market Valuation

  • Market Total Value: $97,630
  • Market Land Value: $24,000
  • Market Improvement Value: $73,630

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $6,790
  • Assessed Land Value: $1,670
  • Assessed Improvements Value: $5,120

    Sales

  • Current Sale Contract Date: Aug 18, 2023
  • Current Sale Recording Date: Aug 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 767509
  • Previous Sale Recording Date: May 02, 2016
  • Previous Sale Contract Date: Apr 29, 2016
  • Previous Sale Amount: $85,000
  • 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

7.44%

Average Days on Market

61

Average Home Size

1448 ft²

Average Home Age

85 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

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IRES

Listed by: Julie Lenox, Lenox Realty LLC
Last Updated: 13 months ago
Data Source: IRES MLS, MLS# 1042281
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 615 Franklin Street built and last sold?
The property at 615 Franklin Street was built in 1940 and last sold on Aug 18, 2023 for $185,000.
How much is this home worth?
The estimated value of the home located at 615 Franklin Street is $0.
What are some comparable homes to 615 Franklin Street?
There are currently no comparable homes to 615 Franklin Street.
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