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Longmont 80501
705 Bowen Street
$585,000
● House - Off Market

705 Bowen Street

Longmont, CO 80501
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,376 Ft²
$3,048
Est. Monthly
3.63%
Cap Rate

About This Property

Charming bungalow in the best neighborhood with a 1-car garage and large studio. 2 blocks from Roosevelt Park, 4 from Central School, 6  from downtown. New HVAC and plumbing, electrical & paint in/out, new roof coming. A retractable shade cloth covers the backyard patio for entertaining. 25' x 25' shop building with heating , insulation and 220 power for the hobbyist's studio space. 10' between house and small garage would allow a vehicle through.
Unit Size
1,376 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$425
Property Type
House
Property Taxes
$175
HOA Dues
-
Year Built
1937

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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 (REcolorado MLS #RECIR1001145)

Price History

Date / Event Date Event Price
Apr 1, 2024 Sold
Premium
Sold
Oct 23, 2023 Listed by Turner Realty $585,000
Listed by Turner Realty
Sep 8, 1994 Sold
Premium
Sold
Oct 28, 1991 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 16
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 552
  • Garage Type: 4
  • Garage Square Area: 216
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,722
  • Total Building Area: 1,448
  • Gross Building Area: 1,448
  • Building Area: 896
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 6
  • Heated Square Feet: 896
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LONGS PEAK - LG
  • Land Acres: 0000000154
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: S 45 FT LOTS 1 2 & 3 BLK 8 LONGS PEAK

Neighborhood

  • School District Name: St. Vrain Valley School District RE 1J
  • Census Tract: 013302

Geography

  • Assessors Map Reference: B2-M
  • Account Number: R0042290
  • Parcel: R0042290
  • Block: 8
  • Lot: 1
  • Meridian: SEC 04 TWN 2N RNG 69
  • Municipality: LONGMONT
  • Latitude: 40.1711
  • Longitude: -105.112

    Address

  • Full Address: 705 Bowen St
  • Address - House Number: 705
  • Address - Street Name: Bowen
  • Address - Suffix Type: St
  • State: CO
  • City Name: Longmont
  • Carrier Code: C055
  • 4-Digit Zip Code: 4413
  • Zip Code: 80501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $210,104
  • Tax Rate Code Area: 00-680

    Appraisal Valuation

  • Standard Deviation: 0.0686
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 96
  • Final Value: 576,220
  • High Value: 615,766
  • Low Value: 536,674

    Market Valuation

  • Market Total Value: $605,300
  • Market Land Value: $161,100
  • Market Improvement Value: $444,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,948
  • Assessed Land Value: $10,898
  • Assessed Improvements Value: $30,050

    Sales

  • Current Sale Contract Date: Aug 29, 1994
  • Current Sale Recording Date: Sep 08, 1994
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 01461361
  • Previous Sale Recording Date: Oct 28, 1991
  • Previous Sale Contract Date: Oct 28, 1991
  • Previous Sale Amount: $61,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: VAR
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 Longmont

Stats & Trends

Median Asking:

$549,000

Sale Price/ft²

$295

Above Asking

0.00%

Average Days on Market

52

Average Home Size

1966 ft²

Average Home Age

33.6 years

Currently For Sale

538 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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Frequently Asked Questions

When was property at 705 Bowen Street built and last sold?
The property at 705 Bowen Street was built in 1937 and last sold on Aug 29, 1994 for $98,500.
How much is this home worth?
The estimated value of the home located at 705 Bowen Street is $583,158.
What are some comparable homes to 705 Bowen Street?
There are currently no comparable homes to 705 Bowen Street.
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