23 days on rocket

Backup Offers

408 W Olive St, Fort Collins, CO, 80521

$550,000

Home List Price

$6,531*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,463 SqFt
$376/SqFt
House
Schools Nearby

Location

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408 W Olive St, Fort Collins$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage1 space
Year Built1953
HeatingForced Air
CoolingCeiling Fan(s), Central Air
BasementYes
MLS #IR1006550
Lot Size0.10 Acres
StatusAccepting Backup Offers
(Pending)

About 408 W Olive St

Are you in search of an investment opportunity in the heart of Old Town? Look no further than 408 W Olive Street. This well-maintained property boasts not only a desirable location but also incredible potential for returns. Situated in the sought after Old Town West, this property also enjoys proximity to CSU, making it an ideal spot for anyone seeking a convenient and vibrant lifestyle. Walkable to amenities such as Lucile's, The Lincoln Center, Mulberry Pool and all of the shopping, dining and entertainment that Old Town provides. Residents will experience the true essence of Old Town living in this location. Featuring 3 bedrooms and 2 bathrooms, this cute 1953 ranch style home offers accommodation suitable for various living arrangements. Whether you're looking to attract tenants or envisioning a cozy family home or the opportunity of a Primary Short-Term Rental in the basement bedrooms while you occupy the main level, this property caters to a diverse range of needs. Currently leased at $1400 with two tenants, this investment gem presents an opportunity for future cash flow. However, it's worth noting that the current lease is under market value, presenting the perfect chance for savvy investors to maximize returns. With the lease up for renewal on June 30th, there's room to adjust rental rates to reflect the true value of this prime location. Step outside into the fenced backyard with the patio offering space for relaxing, room for your pets to roam and space for gardening. The lawn sprinkler in both the front and backyards makes lawn care easy. In the dynamic world of real estate investment, location is key, and 408 W Olive Street ticks all the boxes. With its prime Old Town location, spacious layout, and under rented lease, this property presents an irresistible opportunity for investors seeking to capitalize on the booming Fort Collins market. Don't miss out on this chance to own a piece of Old Town charm while enjoying the lucrative rewards it offers.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary, Cottage
  • Year Built: 1953
  • Living Area: 1,463 SqFt

Listing Office:

  • Office Name: RE/MAX Alliance-FTC Dwtn
  • Office Phone: (970) 482-1781
  • Listing Agent: Angie Spangler

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Vinyl, Wood
  • Interior: Eat-in Kitchen, Radon Mitigation System

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes

Virtual/3D Tour

  • Virtual Tour: 408 W Olive St

Virtual Tour

Lot Features

Lot Information:

  • Lot: Historic, Level, Sprinklers In Front
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Ceiling Fan(s), Central Air

School Info

Assigned Schools Information:

  • Poudre High School, Public District Grades 9-12
  • Lincoln Middle School, Public District Grades 6-8
  • Dunn Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From College St/287 and Mulberry head west on Mulberry. Turn right on Meldrum St. Go 2 blocks and turn left on W Olive St. House is 2nd property on the right next to the Chamber of Commerce. **From College and Mountain go west on Mountain and turn left on Meldrum St. Go 2 blocks and turn right onto Olive St. House is 2nd property on the right next to the Chamber of Commerce.

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
  • Price Per SqFt: $376/SqFt

Tax Information:

  • Annual Amount: $3,130
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Fort Collins, CO.

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Fort Collins, CO

City

Med. Sold Price

$558.9K

Med. Price/SqFt

$295

Avg. Days On Market

68

# of Sold Homes

172

408 W Olive St vs Fort Collins

23 DAYS ON ROCKET

-45 Days

$550,000

-$8.9K Less

$376/SqFt

+$80 More

KEY TAKEAWAY

This property is $8.9K less than the Median Sold Price and $80/SqFt more than other homes in Fort Collins, CO.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RECOLORADO
  • MLS Number: #IR1006550

Listing Office:

  • Office Name: RE/MAX Alliance-FTC Dwtn
  • Office Phone: (970) 482-1781
  • Listing Agent: Angie Spangler

IDX Listings courtesy of REColorado as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX ©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved.

Presented by Rocket Homes Real Estate, LLC
Licensed in Colorado Brokerage License # EC. 100073419

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Rocket Homes Real Estate, LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

Equal Housing

© 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA

ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 2:12:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 11, 2005Home Sold
$192,000
Sep 18, 2001Home Sold
$160,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,130$30,245
2019$2,393$31,529
2018$2,387$23,688
2017$13$23,688

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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-3164690
8
/10

  • Dunn Elementary School

  • 501 S Washington Ave

  • 0.53 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3164691
4
/10

  • Lincoln Middle School

  • 1600 Lancer Dr

  • 1.59 miles

  • Public District Grades 6-8

High School

school-card-donut-3164692
4
/10

  • Poudre High School

  • 201 S Impala Dr

  • 2.00 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,872. Most Fort Collins, CO residents have annual incomes less than $35k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 408 W Olive St

What is the listing price of this property?

The listing price of 408 W Olive St property is $550,000.

What type of property is this?

The property 408 W Olive St is a house located in Fort Collins, Colorado, 80521.

Is this property for sale now?

Accepting Backup Offers: 408 W Olive St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 408 W Olive St are:
Dunn Elementary School: GreatSchools Rating 8/10
Lincoln Middle School: GreatSchools Rating 4/10
Poudre High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,130 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 11, 2005 for $192,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 408 W Olive St has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 408 W Olive St is 1,463 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 408 W Olive St is 1953.

Rocket Homes›Colorado›Larimer County›Fort Collins›80521›408 W Olive St

This home is located at 408 W Olive St in Fort Collins, CO and zip code 80521 in the Old Town West neighborhood. This 1,463 square foot home, which was built in 1953, sits on a 0.10 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 05, 2024 and is currently priced at $550,000.

In March 2024 more than 50 listings in Fort Collins, CO were sold above the asking price. During the same period more than 44 listings were sold at asking price, while more than 78 were sold below. In March 2024 in Fort Collins, CO there were 19.3% more homes for sale than in February 2024. In March 2024, listings were on the market for 68 days. During the same period, the median list price in this real estate market was $558,950.

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

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