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Welby 80229
8651 Rainbow Avenue
$395,000
● House - Off Market

8651 Rainbow Avenue

Thornton, CO 80229
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,850 Ft²
$407,502
RealtyHop Estimate
3.16%
Since Jan 1, 2023
CO-Denver
Primary Model

About This Property

Great ranch style home with full finished basement. This almost fully bricked 4 bedroom, 2 bath home has a 1 car attached garage, plus newer appliances, furnace, A/C and Roof. Property faces open space and has a 10x12 Shed in the backyard. Close to schools and minutes from I-25. Don't miss this great home!  Property is being sold As-Is.
Unit Size
1,850 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$214
Property Type
House
Property Taxes
$127
HOA Dues
-
Year Built
1964

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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 #RECIR979234)

Price History

Date / Event Date Event Price
Jan 4, 2023 Sold
Premium
Sold
Nov 29, 2022 Listed by Andersen Real Estate $395,000
Listed by Andersen Real Estate
Apr 27, 1993 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 925
  • Garage Type: 1
  • Garage Square Area: 300
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 8,040
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 670
  • Total Building Area: 2,150
  • Gross Building Area: 2,150
  • Building Area: 1,850
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,850
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHFIELD
  • Land Acres: 0000000185
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: SUB:NORTHFIELD SECOND FILING BLK:9 LOT:28

Neighborhood

  • School District Name: Mapleton School District 1
  • School Tax School District: SD 1-MAPLETON
  • Census Tract: 009001

Zoning

  • Zoning: R1C

Geography

  • Assessors Map Reference: 225-A
  • Account Number: R0055802
  • Parcel: R0055802
  • Block: 9
  • Lot: 28
  • Meridian: SEC 26 QTR 1 TWN 02S RNG 68W
  • Latitude: 39.8535
  • Longitude: -104.961

    Address

  • Full Address: 8651 Rainbow Ave
  • Address - House Number: 8651
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Ave
  • State: CO
  • City Name: Denver
  • Carrier Code: C016
  • 4-Digit Zip Code: 5135
  • Zip Code: 80229

Valuation

    Tax

  • Total Area: 1,850
  • Tax Year: 2022
  • Tax Amount: $161,484
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 08-085

    Appraisal Valuation

  • Standard Deviation: 0.1297
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 85
  • Final Value: 397,335
  • High Value: 448,906
  • Low Value: 345,763

    Market Valuation

  • Market Total Value: $406,000
  • Market Land Value: $78,000
  • Market Improvement Value: $328,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,470
  • Assessed Land Value: $5,280
  • Assessed Improvements Value: $22,190

    Sales

  • Current Sale Contract Date: Dec 29, 2022
  • Current Sale Recording Date: Jan 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 346
  • Previous Sale Recording Date: Jan 04, 2023
  • Previous Sale Contract Date: Dec 29, 2022
  • Previous Sale Amount: $197,500
  • 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 Welby

Stats & Trends

Median Asking:

$348,200

Sale Price/ft²

$267

Below Asking

0.02%

Average Days on Market

59

Average Home Size

1313 ft²

Average Home Age

44.3 years

Currently For Sale

88 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 8651 Rainbow Avenue built and last sold?
The property at 8651 Rainbow Avenue was built in 1964 and last sold on Dec 29, 2022 for $197,500.
How much is this home worth?
The estimated value of the home located at 8651 Rainbow Avenue is $0.
What are some comparable homes to 8651 Rainbow Avenue?
There are currently no comparable homes to 8651 Rainbow Avenue.
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