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Longmont 80504
972 Martin Road
$472,000
● House - Off Market

972 Martin Road

Longmont, CO 80504
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,203 Ft²
$490,573
RealtyHop Estimate
11.49%
Since Jun 1, 2021
CO-Denver
Primary Model

About This Property

Welcome to this one of a kind home in Park Ridge. Bring your RV and other toys, two car off street RV storage space with a 220 outlet, PLUS a two car detached garage.Main level master with two oversized bedrooms upstairs, extra storage space.New windows, newer roof, newer kitchen. ALL appliances remain with the property. Bonus room addition off the front of the house with loads of windows and a cozy fireplace. Private back yard with trex deck and mature landscaping, truly a lovely place to relax.
Unit Size
2,203 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$200
Property Type
House
Property Taxes
$120
HOA Dues
-
Year Built
1973

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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 #RECIR937351)

Price History

Date / Event Date Event Price
May 18, 2021 Sold
Premium
Sold
Apr 9, 2021 Listed by Colorado Gold Real Estate $440,000
Listed by Colorado Gold Real Estate
Dec 27, 2001 Sold
Premium
Sold
Oct 2, 1973 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 16
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,597
  • Total Building Area: 2,203
  • Gross Building Area: 2,203
  • Building Area: 2,203
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,203
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK RIDGE 1 - LG
  • Land Acres: 0000000243
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 1 BLK 14 PARK RIDGE 1

Neighborhood

  • School District Name: St. Vrain Valley School District RE 1J
  • Census Tract: 013503

Geography

  • Assessors Map Reference: B8-E
  • Account Number: R0047033
  • Parcel: R0047033
  • Block: 14
  • Lot: 1
  • Meridian: SEC 35 TWN 3N RNG 69
  • Municipality: LONGMONT
  • Latitude: 40.1759
  • Longitude: -105.09

    Address

  • Full Address: 972 Martin Rd
  • Address - House Number: 972
  • Address - Street Name: Martin
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Longmont
  • Carrier Code: C086
  • 4-Digit Zip Code: 1221
  • Zip Code: 80504

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $252,686
  • Tax Rate Code Area: 00-680

    Appraisal Valuation

  • Standard Deviation: 0.1658
  • Valuation Date: May 17, 2023
  • Confidence Score: 79
  • Final Value: 602,486
  • High Value: 702,423
  • Low Value: 502,550

    Market Valuation

  • Market Total Value: $558,700
  • Market Land Value: $162,000
  • Market Improvement Value: $396,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,796
  • Assessed Land Value: $10,959
  • Assessed Improvements Value: $26,837

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: May 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3886163
  • Previous Sale Recording Date: Dec 27, 2001
  • Previous Sale Contract Date: Dec 19, 2001
  • Previous Sale Amount: $198,000
  • 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 Longmont

Stats & Trends

Median Asking:

$545,000

Sale Price/ft²

$296

Above Asking

0.00%

Average Days on Market

51

Average Home Size

1975 ft²

Average Home Age

33.6 years

Currently For Sale

546 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 972 Martin Road built and last sold?
The property at 972 Martin Road was built in 1973 and last sold on May 14, 2021 for $472,000.
How much is this home worth?
The estimated value of the home located at 972 Martin Road is $459,859.
What are some comparable homes to 972 Martin Road?
There are currently no comparable homes to 972 Martin Road.
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