6 months on rocket

1170-1172 E 5th St Unit 1170-1172, Loveland, CO, 80537

$500,000

Home List Price

$5,938*

Closing Credit

4 Bedrooms
2 Baths
1,780 SqFt
$281/SqFt
Multi
Schools Nearby

Location

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1170-1172 E 5th St Unit 1170-1172, Loveland$500,000

Buyer Closing Credits

$5,938*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway-Dirt
Garage4 spaces
Year Built1978
HeatingForced Air
CoolingNone
BasementYes
MLS #1704093
Lot Size0.20 Acres
StatusActive

About 1170-1172 E 5th St Unit 1170-1172

BACK ON THE MARKET! Buyer defaulted through no fault of the property. Unique opportunity to own an infill duplex with FOUR (4) separately rented detached garage spaces minutes from Downtown Loveland. Freshly painted and updated exterior trim. Current tenants are with long term tenants and are on a month-to-month lease. Pro forma rents of $1,450/month/unit. Broker average rent of $1,444/month or $1.84/SF (786 Avg Unit SF). Survey rent per SF of $1.84/SF applied to subject's 890 SF unit size is a monthly rent of $1,640/month. Property is eligible for Section 8 Housing Choice Voucher program (Ask for rent schedule). Separately leased detached garage spaces ($100/mo.) w/ market rent of $125/mo. or greater. Tenants pay separately metered gas and electricity. Sewer, storm, and trash charges are paid by owner and are reimbursable per lease. Owner pays for water and landscaping maintenance. Pro forma assumes owner bills back for water and tenants are responsible for landscaping maintenance.

Property Details

Property Features

Property Information:

  • Year Built: 1978
  • Living Area: 1,780 SqFt

Listing Office:

  • Office Name: LC Real Estate Group, LLC
  • Office Phone: (303) 588-8808, (970) 667-7000
  • Listing Agent: Wayne Lewis

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Oven, Range, Refrigerator, Trash Compactor, Washer
  • Basement: Yes
  • Flooring Type: Carpet, Laminate, Tile
  • Interior: Eat-in Kitchen, Open Floorplan

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Driveway-Dirt

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

School Info

Assigned Schools Information:

  • Loveland High School, Public District Grades 9-12
  • Bill Reed Middle School, Public District Grades 6-8
  • Truscott Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Drive west on US Hwy 34/Eisenhower from I-25. Turn south onto Madison Ave. Turn right onto 5th Street. Property is approx. 13th building on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $500,000
  • Price Per SqFt: $281/SqFt
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Housing Market Comparison

See how this home compares to others in Loveland, CO.

Med. Sold Price

$500.6K

Med. Price/SqFt

$273

Avg. Days On Market

48

# of Sold Homes

106

1170-1172 E 5th St Unit 1170-1172 vs Loveland

192 DAYS ON ROCKET

+144 Days

$500,000

-$649 Less

$281/SqFt

+$7 More

KEY TAKEAWAY

This property is $649 less than the Median Sold Price and $7/SqFt more than other homes in Loveland, CO.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RECOLORADO
  • MLS Number: #1704093

Listing Office:

  • Office Name: LC Real Estate Group, LLC
  • Office Phone: (303) 588-8808, (970) 667-7000
  • Listing Agent: Wayne Lewis

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Equal Housing

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6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA

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Last updated on: 5/2/2024, 5:12:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$2,563

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4858997
5
/10
  • Truscott Elementary School

  • 211 W 6th St

  • 0.73 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4858998
4
/10
  • Bill Reed Middle School

  • 370 W 4th St

  • 0.81 miles

  • Public District Grades 6-8

High School

school-card-donut-4858999
6
/10
  • Loveland High School

  • 920 W 29th St

  • 2.17 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,458. The most common annual income of people living in Loveland, CO is between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas


Rocket HomesColoradoLarimer CountyLoveland805371170-1172 E 5th St Unit 1170-1172

This home is located at 1170-1172 E 5th St Unit 1170-1172 in Loveland, CO and zip code 80537. This 1,780 square foot home, which was built in 1978, sits on a 0.20 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 23, 2023 and is currently priced at $500,000.

Over 42 listings were sold over their listed price in April 2024 in Loveland, CO. In the same period over 33 listings were sold below the listed price and 31 listings were sold for the listed price. The number of homes for sale in Loveland, CO increased by 24% between March 2024 and April 2024. In April 2024, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $500,649.

From Rocket Homes Real Estate and based on county public records data.

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