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Sterling 80751
622 Phelps St
$77,250
● House - Off Market

622 Phelps St

Sterling, CO 80751
bedrooms
1 Bed
bathrooms
1 Bath
square feet
544 Ft²
$418
Est. Monthly
22.88%
Cap Rate

About This Property

Investors dream! Cute one bedroom home that needs work on large lot with two sheds and large detached garage. Newer roofs on all buildings and one of the sheds is also the heated laundry quarters. Studio apartment possibility within the west side of the garage. Long driveway and great alley access. Additional off street parking in front of home and trees for shade. Property to be sold As-Is.
Unit Size
544 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$147
Property Type
House
Property Taxes
$25
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: 2 years ago (IRES MLS #1030396)

Price History

Date / Event Date Event Price
Jun 18, 2025 Sold
Premium
Sold
Apr 6, 2025 Listed $80,000
Listed
Jul 23, 2018 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1938
  • Building Count: 2
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 10
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,839
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 541
  • Total Building Area: 544
  • Building Area: 544
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 544
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOWLING GREEN
  • Land Acres: 0000000157
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: LOTS 24-26 BLK 12 BOWLING GREEN ADDN STERLING

Neighborhood

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

Geography

  • Parcel: 3841000
  • Block: 12
  • Lot: 24-26
  • Municipality: STERLING
  • Latitude: 40.6226
  • Longitude: -103.221

    Address

  • Full Address: 622 Phelps St
  • Address - House Number: 622
  • Address - Street Name: Phelps
  • Address - Suffix Type: St
  • State: CO
  • City Name: Sterling
  • Carrier Code: C006
  • 4-Digit Zip Code: 3614
  • Zip Code: 80751

Valuation

    Tax

  • Total Area: 544
  • Tax Year: 2023
  • Tax Amount: $170,252
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 117

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 113,254
  • High Value: 138,707
  • Low Value: 87,800

    Market Valuation

  • Market Total Value: $46,370
  • Market Land Value: $17,130
  • Market Improvement Value: $29,240

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,220
  • Assessed Land Value: $1,190
  • Assessed Improvements Value: $2,030

    Sales

  • Current Sale Contract Date: Jul 19, 2018
  • Current Sale Recording Date: Jul 23, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 740510
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

1441 ft²

Average Home Age

84.6 years

Currently For Sale

106 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: Yvonne Ersek,
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1030396
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 622 Phelps Street built and last sold?
The property at 622 Phelps Street was built in 1921 and last sold on Jul 19, 2018 for $47,000.
How much is this home worth?
The estimated value of the home located at 622 Phelps Street is $0.
What are some comparable homes to 622 Phelps Street?
There are currently no comparable homes to 622 Phelps Street.
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