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505 E Laurel Fort Collins, CO 80524
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Key Details
Sold Price $550,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 1,845 sqft
Subdivision Galligans
MLS Listing ID IRE1001160
Sold Date 01/26/24
Style Cottage,Fixer-Upper
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1908
Annual Tax Amount $2,371
Tax Year 2022
Lot Size 9,147 Sqft
Acres 0.21
Source ires
Property Description
Do 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.
Location
State CO
County Larimer
Community Galligans
Area Fort Collins
Zoning SFR
Rooms
Basement Partial, Unfinished
Interior
Interior Features Open Floorplan
Heating Forced Air
Cooling Ceiling Fan(s)
Appliance Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave
Exterior
Exterior Feature Oversized Garage
Garage Spaces 2.0
Fence Fenced
Utilities Available Natural Gas Available, Electricity Available
View Y/N No
Roof Type Composition
Improvements No
Porch Deck
Garage Yes
Building
Lot Description Level
Sewer Public Sewer
Water City
Architectural Style Cottage, Fixer-Upper
Level or Stories One
Structure Type Frame,Brick
New Construction false
Schools
Elementary Schools Laurel
Middle Schools Lesher
High Schools Poudre
School District Poudre
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Private Owner
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