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.
Sold for $550,000
$550,000
408 W Olive St, Fort Collins, CO 80521
3beds
1,463sqft
Single Family Residence
Built in 1953
4,500 Square Feet Lot
$619,400 Zestimate®
$376/sqft
$2,745 Estimated rent
Home value
$619,400
$582,000 - $663,000
$2,745/mo
Zestimate® history
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$3,147/mo
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Zillow last checked:
Listing updated:
Listed by:
Angie Spangler 970-482-1781,
RE/MAX Alliance-FTC Dwtn,
Brian Lantis 970-799-9468,
RE/MAX Alliance-FTC Dwtn
Bought with:
Kyle Basnar, 100067579
Group Mulberry
Source: IRES as distributed by MLS GRID,MLS#: 1006550
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Description: Wood
- Features: Shared Primary Bath
- Level: Main
- Area: 132 Square Feet
- Dimensions: 11 x 12
Bedroom 2
- Description: Luxury Vinyl
- Level: Basement
- Area: 110 Square Feet
- Dimensions: 10 x 11
Bedroom 3
- Description: Luxury Vinyl
- Level: Basement
- Area: 253 Square Feet
- Dimensions: 23 x 11
Dining room
- Description: Wood
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10 x 11
Kitchen
- Description: Vinyl
- Level: Main
- Area: 238 Square Feet
- Dimensions: 14 x 17
Laundry
- Description: Vinyl
- Level: Basement
- Area: 60 Square Feet
- Dimensions: 6 x 10
Living room
- Description: Wood
- Level: Main
- Area: 132 Square Feet
- Dimensions: 11 x 12
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Appliances
- Included: Gas Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal
- Laundry: Washer/Dryer Hookup
Features
- Eat-in Kitchen, Separate Dining Room
- Flooring: Wood
- Basement: Full,Partially Finished,Built-In Radon
Interior area
- Total structure area: 743
- Total interior livable area: 1,463 sqft
- Finished area above ground: 743
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
- Attached garage spaces: 1
- Details: Attached
Accessibility
- Accessibility features: Level Lot, Level Drive, Near Bus, Main Floor Bath, Accessible Bedroom
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Sprinkler System
- Fencing: Fenced,Wood
Lot
- Size: 4,500 sqft
- Features: Deciduous Trees, Level, Historic District, City Limits, Paved, Curbs, Gutters, Sidewalks, Street Light
Details
- Parcel number: R0040142
- Zoning: NCB
- Special conditions: Private Owner
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage,Legal Conforming,Contemporary
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Composition
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Electric: City of FTC
- Gas: Xcel
- Sewer: Public Sewer
- Water: City
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Satellite Avail, High Speed Avail
Green energy
- Energy efficient items: Southern Exposure, Windows, Doors
Community & neighborhood
Security
- Security features: Fire Alarm
Location
- Region: Fort Collins
- Subdivision: Old Town
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 5/10/2024 | Sold | $550,000$376/sqft |
Source:  IRES as distributed by MLS GRID #1006550 Report a problem | ||
| 4/11/2024 | Pending sale | $550,000$376/sqft |
Source:  REcolorado as distributed by MLS GRID #IR1006550 Report a problem | ||
| 4/5/2024 | Listed for sale | $550,000+186.5%$376/sqft |
Source: IRES as distributed by MLS GRID #1006550 Report a problem | ||
| 7/11/2005 | Sold | $192,000+20%$131/sqft |
Source: Public Record Report a problem | ||
| 9/18/2001 | Sold | $160,000+39.1%$109/sqft |
Source: Public Record Report a problem | ||
| 7/25/1996 | Sold | $115,000$79/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,535 +25.8% | $37,071 -1% |
| 2023 | $2,809 -1.2% | $37,431 +39% |
| 2022 | $2,844 -9.1% | $26,924 -2.8% |
| 2021 | $3,130 -0.4% | $27,699 -8.4% |
| 2020 | $3,142 +31.3% | $30,245 -4.1% |
| 2019 | $2,394 | $31,529 +33.1% |
| 2018 | $2,394 | $23,688 |
| 2017 | $2,394 +0.3% | $23,688 +16.6% |
| 2016 | $2,387 +16.8% | $20,322 +0% |
| 2015 | $2,044 +3.6% | $20,320 +4.2% |
| 2014 | $1,973 | $19,510 |
| 2013 | -- | $19,510 +8% |
| 2012 | -- | $18,060 |
| 2011 | -- | $18,060 -4.9% |
| 2010 | -- | $18,990 |
| 2009 | -- | $18,990 +11.5% |
| 2008 | -- | $17,030 |
| 2007 | -- | $17,030 +11.2% |
| 2006 | -- | $15,320 |
| 2005 | -- | $15,320 +3.4% |
| 2004 | -- | $14,820 +6.9% |
| 2002 | -- | $13,860 |
| 2001 | -- | $13,860 |
Find assessor info on the county website
Neighborhood: Old Town West
Nearby schools
GreatSchools rating
- 7/10Dunn Elementary SchoolGrades: K-5Distance: 0.5 mi
- 5/10Lincoln Middle SchoolGrades: 6-8Distance: 1.6 mi
- 7/10Poudre High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Dunn
- Middle: Lincoln
- High: Poudre
Source: IRES as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$619,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$619,400
- Colorado
- Larimer County
- Fort Collins
- 80521
- Old Town West
- 408 W Olive St
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