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Fort Morgan 80701
927 Michael Avenue
$389,475
● House - Off Market

927 Michael Avenue

Fort Morgan, CO 80701
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,572 Ft²
$479,133
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Beautiful, immaculate, and updated 4 bedroom, 4 bathroom home. This home boasts brand new quartz countertops & updated stainless steel appliances in the kitchen. If that's not enough, the roof is new, and so is the landscaping, including a custom fire pit, concrete curbing. The master is large with an amazing master bath. The upstairs flooring is new as well as the paint. The custom home office is awesome.  Even the doors, windows, furnace and hot water heater are newer. It's waiting for you!
Unit Size
2,572 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$153
Property Type
House
Property Taxes
$146
HOA Dues
-
Year Built
1977

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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: 3 years ago (REcolorado MLS #RECIR934603)

Price History

Date / Event Date Event Price
Mar 25, 2024 Sold
Premium
Sold
Oct 30, 2023 Listed by Colorado Land Co. LLC $430,000
Listed by Colorado Land Co. LLC
Apr 22, 2021 Sold
Premium
Sold
Mar 4, 2021 Listed by Colorado Land Co. LLC $394,000
Listed by Colorado Land Co. LLC
Jun 30, 2017 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1987
  • Total Rooms: 14
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 3
  • Basement Area: 756
  • Garage Type: 1
  • Garage Square Area: 483
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,375
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,415
  • Gross Building Area: 3,415
  • Building Area: 3,415
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,816
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLENN HAVEN SUB
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • Legal Description 1: SUBD GLENN HAVEN SUB FM BLOCK 02 LOT 13 AND- LOT 14 E15FT LT 13 & ALL LT 14

Neighborhood

  • School District Name: Fort Morgan School District RE-3
  • Census Tract: 000600

Geography

  • Parcel: R005418
  • Block: 2
  • Lot: 14
  • Municipality: FORT MORGAN CD SP
  • Latitude: 40.2412
  • Longitude: -103.788

    Address

  • Full Address: 927 Michael Ave
  • Address - House Number: 927
  • Address - Street Name: Michael
  • Address - Suffix Type: Ave
  • State: CO
  • City Name: Fort Morgan
  • Carrier Code: C006
  • 4-Digit Zip Code: 3861
  • Zip Code: 80701

Valuation

    Tax

  • Total Area: 2,572
  • Tax Year: 2023
  • Tax Amount: $246,288
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 025

    Appraisal Valuation

  • Standard Deviation: 0.0873
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 92
  • Final Value: 417,431
  • High Value: 453,899
  • Low Value: 380,964

    Market Valuation

  • Market Total Value: $324,500
  • Market Land Value: $44,100
  • Market Improvement Value: $280,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,550
  • Assessed Land Value: $3,060
  • Assessed Improvements Value: $19,490

    Sales

  • Current Sale Contract Date: Mar 22, 2024
  • Current Sale Recording Date: Mar 25, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 950528
  • Previous Sale Recording Date: Jun 30, 2017
  • Previous Sale Contract Date: Jun 29, 2017
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$309,900

Sale Price/ft²

$192

Below Asking

0.02%

Average Days on Market

71

Average Home Size

2015 ft²

Average Home Age

68.5 years

Currently For Sale

94 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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Frequently Asked Questions

When was property at 927 Michael Avenue built and last sold?
The property at 927 Michael Avenue was built in 1977 and last sold on Mar 22, 2024 for $420,000.
How much is this home worth?
The estimated value of the home located at 927 Michael Avenue is $434,815.
What are some comparable homes to 927 Michael Avenue?
There are currently no comparable homes to 927 Michael Avenue.
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