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Florence 81226
722 W 3rd
$230,000
● House - Off Market

722 W 3rd

Florence, CO 81226
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,350 Ft²
$253,282
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

3 bedroom home with a cute front porch on large corner lot. Located on the West side of Florence with a quaint little park right next door. Many original doors and trim. New roof. New flooring in kitchen. The outside has been repainted. New sod in front yard. New privacy fence in the back yard. Lots of room for your gardening ideas. The garage has been converted into living space but can be easily made back into a 2 car garage.
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$170
Property Type
House
Property Taxes
$63
HOA Dues
-
Year Built
1928

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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: 2 years ago (REcolorado MLS #8568707)

Price History

Date / Event Date Event Price
Dec 27, 2021 Sold
Premium
Sold
Dec 24, 2021 No longer available -
No longer available
Oct 27, 2021 Price Decreased $229,900
↓ $5K (2.1%)
Price Decreased
Sep 9, 2021 Price Increased $234,900
↑ $5K (2.2%)
Price Increased
Sep 8, 2021 Listed $229,900
Listed
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1960
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 3
  • Exterior Walls Type: 16
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 324
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,600
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,150
  • Gross Building Area: 1,350
  • Building Area: 1,150
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,150
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRAZIER GARDEN SUB
  • Land Acres: 0000000220
  • Standard Land Use Code: 1013
  • County Land Use Code: 1112
  • Legal Description 1: W 5 FT LOT 9 ALL LOTS 10,11 & 12 BLK 3 FRAZIER GARDEN SUB

Neighborhood

  • School District Name: Florence School District RE-2
  • Census Tract: 978200

Geography

  • Account Number: R020935
  • Parcel: 61005330
  • Block: 3
  • Lot: 9-12
  • Latitude: 38.3955
  • Longitude: -105.126

    Address

  • Full Address: 722 W 3rd St
  • Address - House Number: 722
  • Street Direction: W
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: CO
  • City Name: Florence
  • Carrier Code: C001
  • 4-Digit Zip Code: 1030
  • Zip Code: 81226

Valuation

    Tax

  • Total Area: 1,150
  • Tax Year: 2023
  • Tax Amount: $82,352
  • Tax Rate Code Area: 23A

    Appraisal Valuation

  • Standard Deviation: 0.2087
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 262,266
  • High Value: 317,025
  • Low Value: 207,508

    Market Valuation

  • Market Total Value: $156,672

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,497

    Sales

  • Current Sale Contract Date: Dec 20, 2021
  • Current Sale Recording Date: Dec 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1010846
  • Previous Sale Recording Date: Jun 19, 2007
  • Previous Sale Contract Date: Jun 18, 2007
  • Previous Sale Amount: $100,000
  • 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 Florence

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$192

Below Asking

0.05%

Average Days on Market

108

Average Home Size

1418 ft²

Average Home Age

86.4 years

Currently For Sale

15 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

Click here to view more rentals in the neighborhood.
REcolorado

Listed by: Lynette Ovnicek,
Last Updated: 2 years ago
Data Source: REcolorado MLS, MLS# 8568707
© 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 722 West 3rd Street built and last sold?
The property at 722 West 3rd Street was built in 1928 and last sold on Dec 20, 2021 for $230,000.
How much is this home worth?
The estimated value of the home located at 722 West 3rd Street is $0.
What are some comparable homes to 722 West 3rd Street?
There are currently no comparable homes to 722 West 3rd Street.
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