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Fort Morgan 80701
708 Simpson Street
$280,000
● House - Off Market

708 Simpson Street

Fort Morgan, CO 80701
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,532 Ft²
$291,211
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Great opportunity to own a 4Br and 2 Ba home. Lots of sunlight enter the spacious living room and kitchen. Basement bathroom has updated tile shower. Kitchenette in the basement. Upstairs and basement have w/d hook ups. All appliances stay including washer and dryer. Home sits on a big lot. Sprinkler system and central air. Water heater was replaced last year.
Unit Size
1,532 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$183
Property Type
House
Property Taxes
$93
HOA Dues
-
Year Built
1924

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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 #RECIR967782)

Price History

Date / Event Date Event Price
Sep 13, 2022 Sold
Premium
Sold
Jun 8, 2022 Listed by Armor Realty $280,000
Listed by Armor Realty
Mar 9, 2017 Sold
Premium
Sold
Jan 11, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1949
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 9
  • Basement Area: 720
  • Garage Type: 4
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,500
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,289
  • Gross Building Area: 2,289
  • Building Area: 2,289
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 992
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SIMPSON ADD
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • Legal Description 1: SUBD SIMPSON ADD FM BLOCK 01 LOT 22 AND- LOT 23

Neighborhood

  • School District Name: Fort Morgan School District RE-3
  • Census Tract: 000400

Geography

  • Parcel: R007333
  • Block: 1
  • Lot: 23
  • Municipality: FORT MORGAN CD SP
  • Latitude: 40.2558
  • Longitude: -103.793

    Address

  • Full Address: 708 Simpson St
  • Address - House Number: 708
  • Address - Street Name: Simpson
  • Address - Suffix Type: St
  • State: CO
  • City Name: Fort Morgan
  • Carrier Code: C002
  • 4-Digit Zip Code: 3251
  • Zip Code: 80701

Valuation

    Tax

  • Total Area: 1,712
  • Tax Year: 2023
  • Tax Amount: $119,896
  • Tax Rate Code Area: 025

    Appraisal Valuation

  • Standard Deviation: 0.1922
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 74
  • Final Value: 283,342
  • High Value: 337,816
  • Low Value: 228,867

    Market Valuation

  • Market Total Value: $196,530
  • Market Land Value: $42,000
  • Market Improvement Value: $154,530

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $13,660
  • Assessed Land Value: $2,920
  • Assessed Improvements Value: $10,740

    Sales

  • Current Sale Contract Date: Sep 09, 2022
  • Current Sale Recording Date: Sep 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 942708
  • Previous Sale Recording Date: Mar 09, 2017
  • Previous Sale Contract Date: Mar 09, 2017
  • Previous Sale Amount: $155,000
  • 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 Fort Morgan

Stats & Trends

Median Asking:

$317,950

Sale Price/ft²

$192

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1995 ft²

Average Home Age

69.7 years

Currently For Sale

99 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 708 Simpson Street built and last sold?
The property at 708 Simpson Street was built in 1924 and last sold on Sep 9, 2022 for $280,000.
How much is this home worth?
The estimated value of the home located at 708 Simpson Street is $0.
What are some comparable homes to 708 Simpson Street?
There are currently no comparable homes to 708 Simpson Street.
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