T
Seller's Agent in 2024
The Mullenberg Team
eXp Realty - Northern CO
(970) 889-0371
2 in this area
122 Total Sales
505 E Laurel St Fort Collins, CO 80524
University Park NeighborhoodEstimated Value: $628,335 - $681,000
3
Beds
1
Bath
1,845
Sq Ft
$354/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Deck
- No HOA
- Lesher Middle School Rated A-
- Wood Flooring
- Cottage
About This Home
As of January 2024Do NOT miss this Old Town Fort Collins investment opportunity! This cute turn-of-the-century gem is set on one of the most charming blocks in Old Town. Relax on the grand front porch and watch the world go by. Awesome location, just a 10-minute walk to both Old Town & CSU. Or, how about a 3-minute bike ride??? Situated on a large double lot with alley access. GREAT BONES, so many options to earn ROI and sweat equity here. Option 1: Move in and remodel into your dream Old Town home! Getting into this ideal Old Town location at this price point leaves you lots of upside value room to play with, and even more if you do some of the work yourself. Option 2: Fix 'n flip. With plenty of $800k to $1M+ sold comps in the area, you have multiple flip options at different levels of fix up. Option 3: Fix 'n rent. With just a little spruce up this would make a perfect rental property with it's close proximity to Old Town & CSU. And you can't go wrong holding Old Town property as a long term investment! BONUS OPTION: Turn the huge detached garage into an ADU with alley access. The home IS livable now, but does need some TLC in any scenario. Beautiful original hardwood floors await your refinishing under the existing carpet. FYI there is room in the floorplan to add a 2nd bath! Lots of 100+ year old homes have foundation issues, but not to worry here, the entire foundation has already been professionally reinforced. This home is solid and ready for another 100+ years! Furnace is newer. Basement has very low ceilings and is likely only to be used for storage, not living space. Come see this one today, call for showings and information/quotes on remodel.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,371
Year Built
- Built in 1908
Lot Details
- 9,148 Sq Ft Lot
- Fenced
- Level Lot
Parking
- 2 Car Detached Garage
- Oversized Parking
Home Design
- Cottage
- Fixer Upper
- Brick Veneer
- Wood Frame Construction
- Composition Roof
Interior Spaces
- 1,845 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Ceiling Fan
- Window Treatments
- Unfinished Basement
- Partial Basement
Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Outdoor Storage
Schools
- Laurel Elementary School
- Lesher Middle School
- Ft Collins High School
Utilities
- Cooling Available
- Forced Air Heating System
Community Details
- No Home Owners Association
- Galligans Subdivision
Listing and Financial Details
- Assessor Parcel Number R0054895
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 4, 2024
Closed on
Jan 26, 2024
Sold by
Helen E Williams Revocable Trust
Bought by
Leo Joseph Walter
Seller's Agent
The Mullenberg Team
eXp Realty - Northern CO
Buyer's Agent
Laura Batson
Hops & Homes
List Price
$535,000
Sold Price
$550,000
Premium/Discount to List
$15,000
2.8%
Views
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,834
Avg. Annual Appreciation
9.19%
Purchase Details
Closed on
Jul 1, 1991
Bought by
Williams Helen E and Williams Trustee
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Leo Joseph Walter | $550,000 | None Listed On Document | |
| Williams Helen E | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/26/2024 01/26/24 | Sold | $550,000 | +2.8% | $298 / Sq Ft |
| 01/04/2024 01/04/24 | For Sale | $535,000 | -- | $290 / Sq Ft |
Source: IRES MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,932 | $44,662 | $3,350 | $41,312 |
| 2024 | $3,741 | $44,662 | $3,350 | $41,312 |
| 2022 | $2,371 | $25,110 | $3,475 | $21,635 |
| 2021 | $2,396 | $25,833 | $3,575 | $22,258 |
| 2020 | $3,379 | $36,115 | $3,575 | $32,540 |
| 2019 | $3,394 | $36,115 | $3,575 | $32,540 |
| 2018 | $2,459 | $26,978 | $3,600 | $23,378 |
| 2017 | $2,450 | $26,978 | $3,600 | $23,378 |
| 2016 | $1,953 | $21,396 | $3,980 | $17,416 |
| 2015 | $1,939 | $21,400 | $3,980 | $17,420 |
| 2014 | $2,069 | $22,680 | $3,980 | $18,700 |
Source: Public Records
Agents Affiliated with this Home
-
The Mullenberg Team
-
Chris Mullenberg
Seller Co-Listing Agent in 2024
Chris Mullenberg
eXp Realty - Northern CO
(970) 413-1589
2 in this area
162 Total Sales
-
Laura Batson
Buyer's Agent in 2024
Laura Batson
Hops & Homes
(970) 488-0262
1 in this area
26 Total Sales
Map
Source: IRES MLS
MLS Number: 1001160
APN: 97132-15-011
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed by the MLS.
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