May Listing Spotlight
Overall there were 20 new listings to hit the market in May of 2021, which is actually more than we saw in 2020 (18 were listed in 2020). Similar to April, may provided a nice mix of inventory, specifically inventory in the lower to middle price ranges ($300-$700K). Of note, there were a handful of lower priced listings that hit the market in the Hanna Farm/Mountain view neighborhood which provide the lowest priced opportunities to get into the Old Town area. The homes listed in central core of Old Town tend to list at higher prices for lower sqft, but these were still going under contract in short order. Here is a list of the Old Town properties that were listed in May of 2021. The listing agent for each property noted beneath each photo and all photos were taken directly from the MLS feed.
233 N Meldrum St A6, Fort Collins, 80521
Listed by Robert Thomas Jones The Group Horsetooth
List Price: $270,000
Sold Price: Pending (6 Days to Offer)
Difference: $TBD
It has been on my mind that there may be quite a few rentals hitting the market this year as we come out of the forbearance era of the pandemic. This particular property was/is a rental and was under contract in short order as there is not much in the area for these kind of prices
421 S. Howes St. 1001, Fort Collins, CO 80521
Listed by Carrie Sexton, Fathom Realty NOCO
List Price: $335,000
Sold Price: Pending (4 Days to Offer)
Difference: TBD
Yet another condo coming for sale this year in this same complex. This 10th floor unit has a real nice view of the foothills, which is certainly a selling point for it!
1404 Elm St, Fort Collins, CO 80521
Listed by Rick Stouffer, Remax Alliance FTC-South
List Price: $365,000
Sold Price: Pending (4 days to offer)
Difference: TBD
The house needs some cosmetic updating, but it is becoming more and more rare to find a property under $400k in the general old town area. I’d expect this one sells for a good amount higher than its listed price
666 Hanna St, Fort Collins, CO 80521
Listed by Greg Rittner, Windermere Real Estate
List Price: $400,000
Sold Price: Pending (4 days to offer)
Difference: TBD
One of 2 homes that listed on Hanna st. this month, this property provided good value to either an owner occupant or investor based on pricing and bedroom/bathroom count (3 bed, 2 bath).
667 Hanna St, Fort Collins, CO 80521
Listed by Brian Lee Burke, Kenna Real Estate
List Price: $415,000
Sold Price: Pending (3 Days to offer)
Difference: TBD
Listed in the second week of May, this property paved the way in pricing for the sale at 666 Hanna st which listed just a few days later. It will be interesting to see which property ends up selling for the higher price as they share very similar characteristics
1421 Beech Ct, Fort Collins, CO 80521
Listed by Jen Petrick, Bliss Realty Group
List Price: $420,000
Sold Price: Pending Sale (3 Days to Offer)
Difference: TBD
One of 4 properties that listed in May in the Hanna Farm/Mountain View neighborhoods, this property is the largest of the bunch at 1824 total SQFT with 5 bedrooms and 2 full bathrooms. It also looks like it is well taken care of and the property was well marketed. It also came on the market in that first week of May and only took a few days to receive an offer.
1700 W Mountain Ave 1, Fort Collins, CO 80521
Listed by Marilou Smith, Homesmart Realty Partners FTC
List Price: $420,000
Sold Price: Pending (3 days to offer)
Difference: TBD
I rarely see these condos come to market, so I’m not surprised that this one moved quickly. The general location of this complex is ideal in my mind (just across the street from City Park Golf Course) and the fact that it is single level living is attractive in particular to retiree’s moving to the area.
909 Elm St, Fort Collins, CO 80521
Listed by Marilou Smith, Homesmart Realty Partners FTC
List Price: $455,000
Sold Price: Pending (4 Days to offer)
Difference: TBD
This one came to the market at the very end of May and was under contract in just a few days. Its layout follows the typical ranch layout of the era with a main living room off of the front door, a short hallway to the bedrooms and one bathroom, and a kitchen off the back with a small dining area. This one has an additional 3 season patio which is a nice feature of the home.
204 Maple St 303, Fort Collins, CO 80521
Listed by Rayshell Beaumont, Resident Realty North Metro
List Price: $480,000
Sold Price: Currently Active (as of 06/03/2021)
Difference: $TBD
These Penny Flats condos have some real nice finishes, but sometimes struggle to sell based on location. Some of the more unfortunate ones in the building face out to the railroad tracks to the east, which can be a deterrent for buyers. This particular unit looks to be on the NW side of the building sheltering it from the railway noise. I doubt this one will stay on the market for long based on its parameters, but these properties can be hit or miss at times.
1212 Laporte Ave, Fort Collins, CO 80521
Listed by Emily Heinz, Downtown Real Estate Partners
List Price: $499,000
Sold Price: Pending (2 DTO)
Difference: $TBD
Under contract in just 2 days for this sweet little property! I’ve always thought this was a cool house from the exterior, and it looks like it has some real charm. Add to that a large lot that provides future expansion potential, and I can see why this one went in short order.
228 N Shields, Fort Collins, CO 80521
No Image provided, Listed by Eric Tracy, Resident Realty
List Price: $510,000
Sold Price: Pending (1 Day to Offer)
Difference: $TBD
There is not much information on this particular property as it was under contract prior to being submitted to the MLS. $510,000 for a 3 bed, 1 bath property on the busier Shields St. will provide some good comparable sales for other owners on the street.
924 Sycamore St, Fort Collins, CO 80521
The Downtown Team, Remax Alliance FTC-Downtown
List Price: $585,000
Sold Price: Pending (7 Days to offer)
Difference: TBD
This property is on my weekend walk with the kids and dogs to Lee Martinez park, and I’ve always wondered what they had going on with the sunroom. It looks like this property has had some updating in the past couple of years, but there is not much more room for expansion on this property. Cool place, just limited in its bedroom/bathroom count and SQFT, but dialed in for the next owner it seems.
302 Meldrum St 207, Fort Collins, CO 80521
Listed by Kelly McBartlett, The Group Mulberry
List Price: $620,000
Sold Price: Currently Active (06/03/2021)
Difference: $TBD
For whatever reason, these condos at Myridium have taken quite some time to fully sell out. This particular property is a 1 bedroom, 2 bathroom, so I wonder if the smaller size is giving it some troubles for selling. I’ve been through these condos and the amenities are top notch, as well as the finishes, but the size certainly limits the potential buyer for this type of property.
136 N McKinley, Fort Collins, CO 80521
Listed by Laura Olive, Remax Alliance FTC Downtown
List Price: $624,900
Sold Price: (Pending Sale - 4 Days to Offer)
Difference: $TBD
This is the second go around for this property this year as it was previously listed earlier in the year for a higher price with a different agent. Not much has changed in the level of marketing (both listings have been marketed very well) but this time around it seems like the pricing attracted the right type of interest to receive multiple offers. We will see where the price eventually ends up!
1119 Akin, Fort Collins, CO 80521
Listed by Karen Leigh Rowan, The Group Harmony
List Price: $625,000
Sold Price: Pending (4 days to offer)
Difference: $TBD
What a difference market dynamics makes on selling a property! So this property was listed back in 2017 and took a very long time and multiple price adjustments to receive an offer. I toured it at that time and it was nicely finished, but the nextdoor duplex was a bit off-putting and the overall layout was a bit funky. This year, it only took 4 days to go under contract and is a great case study of why listing a “tough to sell” layout or location might be a great idea while the market is hot and supply is low.
302 N. Meldrum St 211, Fort Collins, CO 80521
Listed by Kelly McBartlett, The Group Mulberry
List Price: $635,000
Sold Price: Pending (2 days to offer)
Difference: TBD
Same complex and similar price to the Myridium condo that is currently active, but in this circumstance, paying $15K more for an extra bedroom and bathroom totally made sense to a buyer.
224 Canyon Ave 208, Fort Collins, CO 80521
Listed by Jodi Pollack, Remax Advanced
List Price: $689,000
Sold Price: Currently Active (As of 06/03/2021)
Difference: $TBD
This looks like a very cool property, but similar to the Myridium condo that is having a hard time selling in the $600’s, this property also only has 1 bedroom and 2 bathrooms. I would expect to see a price adjustment in the near future to help develop some future interest.
214 S Washington Ave, Fort Collins, CO 80521
Listed by Laura Olive, Remax Alliance FTC Downtown
List Price: $695,000
Sold Price: Pending (6 days to offer)
Difference: $TBD
Located on one of the nicer streets in Old Town (in my opinion) I’m not surprised to see this one go quickly. It has all of the criteria that I would expect most people would want in an old town home. Decent bedroom/bathroom count (4 beds, 2 baths) a 2 car garage, a larger lot for potential expansion, and a price in the upper $600’s. Add Dunn School district (this house is just a few blocks away) and it becomes quite an attractive commodity!
209 S Loomis Ave, Fort Collins, CO 80521
Listed by Emily Heinz, Downtown Real Estate Partners
List Price: $950,000
Sold Price: Pending (5 days to offer)
Difference: $TBD
In my mind, this property has everything that a majority of Old Town buyers would want. It has classic architecture both inside and out (the pocket doors in the lounge make me drool!) as well as a modernized kitchen and master suite addition. It has a large lot with a beautifully landscaped yard as well as a larger 2 car garage and a great location in the Dunn School District. If I weren’t already happy in the house I am in, it is the type of property that would attract me to make a move.
