672 4th St · Limon, CO 80828

$149,900

2 bd · 1.0 ba · 432 sqft · SingleFamily public records · 341 Days on market

Built 1900 5,837 sqft lot

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +11.8/30.0
• ARV discount +7.5/15.0
• Schools +3.7/10.0
• DSCR +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautifully updated 3-bedroom, 1-bathroom home blends historic charm with modern upgrades. Built in 1900, it retains its original craftsman details and soaring high ceilings while offering contemporary comforts. Remodeled just four years ago, this home features a new sewer line, new furnace, new central air unit, and fresh interior and exterior paint, ensuring both style and functionality. The inviting covered front porch adds curb appeal and a cozy spot to relax, while the fenced-in front yard provides privacy and security. A unique bonus is the enclosed 2-car carport, perfect for extra storage or easily convertible into a garage. Located in the heart of Limon, this home offers small-town charm with modern convenience. Don't miss your chance to own this delightful property! Call to schedule a showing!

Key facts

• Covered front porch
• New furnace
• Fenced in front yard

Tags

• COVERED FRONT PORCH
• FENCED IN FRONT YARD
• ENCLOSED 2 CAR CARPORT
• NEW SEWER LINE
• NEW FURNACE
• NEW CENTRAL AIR UNIT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $-40 ($-482/yr) — negative.
• To cash-flow at today's rent, offer at most $143k (4.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $110k (26.9% below list).
• Recommended offer: $110k (26.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 65/100 on livability (#155 in CO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: employment D, amenities F, commute F.
• Limon School District No. RE-4J (rural): math 31% / reading 57% proficiency, ranked #24 of 86 in CO (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Limon Elementary School (math 32% / reading 57%, grade F, #277 of 966 statewide, top 31%, 215 students, 46% FRL); Limon Junior-Senior High School (math 32% / reading 57%, grade F, #141 of 381 statewide, top 39%, 242 students, 40% FRL).
• Market conditions: 27 active listings in the ZIP; 8 units permitted in Lincoln County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 341 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $150k implies a 328% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $109,515 (26.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 341 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.73% ✗
• Cap rate: 5.97%
• Cash-on-cash: -1.15%
• DSCR: 0.95
• GRM: 11.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -18.2%
• Equity multiple: 0.36×
• Total profit: $-26,910
• Equity at exit: $22,351

10-year hold

• IRR: -10.6%
• Equity multiple: 0.36×
• Total profit: $-26,983
• Equity at exit: $12,961

Cash invested: $41,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 38 Tenant-Leaning
• State Colorado: 38 Tenant-Leaning · D+4
• County: — inherits STATE
• City: — inherits STATE

2023 reforms: 10-day cure, mandated notice, source-of-income protected. Courts backlogged in Denver.

Methodology + full state rankings →

ZIP-level market 80828

• Home prices YoY: -9.0%
• Active inventory: 27
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $1,095 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$57 /mo · $681/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $-40

Break-even live

Break-even rent $1,146

Max offer price $142,811

Occupancy floor 99%

Sensitivity live

Price	-10% $45	-5% $2	+0% $-40	+5% $-83	+10% $-125
Rent	-10% $-127	-5% $-83	+0% $-40	+5% $3	+10% $46
Rate	-1.0pp $35	-0.5pp $-2	base $-40	+0.5pp $-79	+1.0pp $-118

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-03-01
   status Pending 818-char remark

   Show marketing remark (818 chars)

   This beautifully updated 3-bedroom, 1-bathroom home blends historic charm with modern upgrades. Built in 1900, it retains its original craftsman details and soaring high ceilings while offering contemporary comforts. Remodeled just four years ago, this home features a new sewer line, new furnace, new central air unit, and fresh interior and exterior paint, ensuring both style and functionality. The inviting covered front porch adds curb appeal and a cozy spot to relax, while the fenced-in front yard provides privacy and security. A unique bonus is the enclosed 2-car carport, perfect for extra storage or easily convertible into a garage. Located in the heart of Limon, this home offers small-town charm with modern convenience. Don't miss your chance to own this delightful property! Call to schedule a showing!

2. 2026-03-01
   status Pending 818-char remark

   Show marketing remark (818 chars)

   This beautifully updated 3-bedroom, 1-bathroom home blends historic charm with modern upgrades. Built in 1900, it retains its original craftsman details and soaring high ceilings while offering contemporary comforts. Remodeled just four years ago, this home features a new sewer line, new furnace, new central air unit, and fresh interior and exterior paint, ensuring both style and functionality. The inviting covered front porch adds curb appeal and a cozy spot to relax, while the fenced-in front yard provides privacy and security. A unique bonus is the enclosed 2-car carport, perfect for extra storage or easily convertible into a garage. Located in the heart of Limon, this home offers small-town charm with modern convenience. Don't miss your chance to own this delightful property! Call to schedule a showing!

3. 2025-12-03
   price $149,900 818-char remark

   Show marketing remark (818 chars)

   This beautifully updated 3-bedroom, 1-bathroom home blends historic charm with modern upgrades. Built in 1900, it retains its original craftsman details and soaring high ceilings while offering contemporary comforts. Remodeled just four years ago, this home features a new sewer line, new furnace, new central air unit, and fresh interior and exterior paint, ensuring both style and functionality. The inviting covered front porch adds curb appeal and a cozy spot to relax, while the fenced-in front yard provides privacy and security. A unique bonus is the enclosed 2-car carport, perfect for extra storage or easily convertible into a garage. Located in the heart of Limon, this home offers small-town charm with modern convenience. Don't miss your chance to own this delightful property! Call to schedule a showing!

4. 2025-12-03
   price $149,900 818-char remark

   Show marketing remark (818 chars)

   This beautifully updated 3-bedroom, 1-bathroom home blends historic charm with modern upgrades. Built in 1900, it retains its original craftsman details and soaring high ceilings while offering contemporary comforts. Remodeled just four years ago, this home features a new sewer line, new furnace, new central air unit, and fresh interior and exterior paint, ensuring both style and functionality. The inviting covered front porch adds curb appeal and a cozy spot to relax, while the fenced-in front yard provides privacy and security. A unique bonus is the enclosed 2-car carport, perfect for extra storage or easily convertible into a garage. Located in the heart of Limon, this home offers small-town charm with modern convenience. Don't miss your chance to own this delightful property! Call to schedule a showing!

5. 2025-08-12
   price $159,900 818-char remark

   Show marketing remark (818 chars)

   This beautifully updated 3-bedroom, 1-bathroom home blends historic charm with modern upgrades. Built in 1900, it retains its original craftsman details and soaring high ceilings while offering contemporary comforts. Remodeled just four years ago, this home features a new sewer line, new furnace, new central air unit, and fresh interior and exterior paint, ensuring both style and functionality. The inviting covered front porch adds curb appeal and a cozy spot to relax, while the fenced-in front yard provides privacy and security. A unique bonus is the enclosed 2-car carport, perfect for extra storage or easily convertible into a garage. Located in the heart of Limon, this home offers small-town charm with modern convenience. Don't miss your chance to own this delightful property! Call to schedule a showing!

6. 2025-08-12
   price $159,900 818-char remark

   Show marketing remark (818 chars)

   This beautifully updated 3-bedroom, 1-bathroom home blends historic charm with modern upgrades. Built in 1900, it retains its original craftsman details and soaring high ceilings while offering contemporary comforts. Remodeled just four years ago, this home features a new sewer line, new furnace, new central air unit, and fresh interior and exterior paint, ensuring both style and functionality. The inviting covered front porch adds curb appeal and a cozy spot to relax, while the fenced-in front yard provides privacy and security. A unique bonus is the enclosed 2-car carport, perfect for extra storage or easily convertible into a garage. Located in the heart of Limon, this home offers small-town charm with modern convenience. Don't miss your chance to own this delightful property! Call to schedule a showing!

7. 2025-06-12
   price $163,900 818-char remark

   Show marketing remark (818 chars)

   This beautifully updated 3-bedroom, 1-bathroom home blends historic charm with modern upgrades. Built in 1900, it retains its original craftsman details and soaring high ceilings while offering contemporary comforts. Remodeled just four years ago, this home features a new sewer line, new furnace, new central air unit, and fresh interior and exterior paint, ensuring both style and functionality. The inviting covered front porch adds curb appeal and a cozy spot to relax, while the fenced-in front yard provides privacy and security. A unique bonus is the enclosed 2-car carport, perfect for extra storage or easily convertible into a garage. Located in the heart of Limon, this home offers small-town charm with modern convenience. Don't miss your chance to own this delightful property! Call to schedule a showing!

8. 2025-06-12
   price $163,900 818-char remark

   Show marketing remark (818 chars)

   This beautifully updated 3-bedroom, 1-bathroom home blends historic charm with modern upgrades. Built in 1900, it retains its original craftsman details and soaring high ceilings while offering contemporary comforts. Remodeled just four years ago, this home features a new sewer line, new furnace, new central air unit, and fresh interior and exterior paint, ensuring both style and functionality. The inviting covered front porch adds curb appeal and a cozy spot to relax, while the fenced-in front yard provides privacy and security. A unique bonus is the enclosed 2-car carport, perfect for extra storage or easily convertible into a garage. Located in the heart of Limon, this home offers small-town charm with modern convenience. Don't miss your chance to own this delightful property! Call to schedule a showing!

9. 2025-03-25
   listed $164,900 Active 818-char remark

   Show marketing remark (818 chars)

   This beautifully updated 3-bedroom, 1-bathroom home blends historic charm with modern upgrades. Built in 1900, it retains its original craftsman details and soaring high ceilings while offering contemporary comforts. Remodeled just four years ago, this home features a new sewer line, new furnace, new central air unit, and fresh interior and exterior paint, ensuring both style and functionality. The inviting covered front porch adds curb appeal and a cozy spot to relax, while the fenced-in front yard provides privacy and security. A unique bonus is the enclosed 2-car carport, perfect for extra storage or easily convertible into a garage. Located in the heart of Limon, this home offers small-town charm with modern convenience. Don't miss your chance to own this delightful property! Call to schedule a showing!

10. 2025-03-25
    listed $164,900 Active 818-char remark

    Show marketing remark (818 chars)

    This beautifully updated 3-bedroom, 1-bathroom home blends historic charm with modern upgrades. Built in 1900, it retains its original craftsman details and soaring high ceilings while offering contemporary comforts. Remodeled just four years ago, this home features a new sewer line, new furnace, new central air unit, and fresh interior and exterior paint, ensuring both style and functionality. The inviting covered front porch adds curb appeal and a cozy spot to relax, while the fenced-in front yard provides privacy and security. A unique bonus is the enclosed 2-car carport, perfect for extra storage or easily convertible into a garage. Located in the heart of Limon, this home offers small-town charm with modern convenience. Don't miss your chance to own this delightful property! Call to schedule a showing!

11. 2021-02-16
    soldstatus $35,000 370-char remark

    Show marketing remark (370 chars)

    Built in 1900, this property is a fixer in need of significant repairs. It has been vacant for a number of years. It has potential as a good investment for someone who is willing and able to bring it back to it's former glory. With three bedrooms a good rental income could be realized. If you are really brave and looking for a challenge call to set up a showing today.

12. 2021-02-16
    soldstatus $35,000 Closed 370-char remark

    Show marketing remark (370 chars)

    Built in 1900, this property is a fixer in need of significant repairs. It has been vacant for a number of years. It has potential as a good investment for someone who is willing and able to bring it back to it's former glory. With three bedrooms a good rental income could be realized. If you are really brave and looking for a challenge call to set up a showing today.

13. 2021-01-10
    status Pending 370-char remark

    Show marketing remark (370 chars)

    Built in 1900, this property is a fixer in need of significant repairs. It has been vacant for a number of years. It has potential as a good investment for someone who is willing and able to bring it back to it's former glory. With three bedrooms a good rental income could be realized. If you are really brave and looking for a challenge call to set up a showing today.

14. 2021-01-08
    listed $30,000 370-char remark

    Show marketing remark (370 chars)

    Built in 1900, this property is a fixer in need of significant repairs. It has been vacant for a number of years. It has potential as a good investment for someone who is willing and able to bring it back to it's former glory. With three bedrooms a good rental income could be realized. If you are really brave and looking for a challenge call to set up a showing today.

15. 2021-01-08
    listed $30,000 Active 370-char remark

    Show marketing remark (370 chars)

    Built in 1900, this property is a fixer in need of significant repairs. It has been vacant for a number of years. It has potential as a good investment for someone who is willing and able to bring it back to it's former glory. With three bedrooms a good rental income could be realized. If you are really brave and looking for a challenge call to set up a showing today.

16. 1998-07-07
    soldstatus $18,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CO · Resets to sale price

• Current annual tax: $681 · $57/mo
• Projected year-2 tax: $824 · $69/mo
• Expected delta: +$143/yr (+$12/mo · 21.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $13,142
• − Mortgage interest: −$8,397
• − Property taxes: −$681
• − Insurance: −$750
• − Repairs & maintenance: −$1,051
• − Management: −$1,051
• − Depreciation: −$4,361
• Taxable loss: −$3,149
• Est. tax savings @ 24.0%: +$756
• After-tax cash flow: $274/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Limon School District No. RE-4J
• NCES district ID: 0805280
• Math proficiency: 31% ▲ 7.00%
• Reading proficiency: 57% ▼ -4.00%
• Median HH income: $44,507
• Composite: 37.18/100
• National rank: #4475
• State rank: #24 of 86 in CO

Livability — Limon

• Score: 65/100
• State rank: #155
• US rank: #12443

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment D Housing A+ Health & safety F User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Limon, CO
• Population (ZIP): 2,434

Population outlook (Lincoln County) Hauer SSP2

• Today (2025): 5,641 people
• By 2030: 5,650 · +0.2%
• By 2040: 5,679 · +0.7%
• By 2050: 5,657 · +0.3%
• By 2075: 5,431 · -3.7%
• By 2100: 4,258 · -24.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 11% Two or more races 4%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Italian 3% German 3% Romanian 3%
• Foreign-born: 7% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Lincoln

• 2024 margin: Solid R (+64.5) · D 16.8% · R 81.3% · Other 1.9%
• 2008→2024 swing: -13.7pp toward R · 2008: -50.8pp · 2024: -64.5pp
• All cycles: 2024: R+64.5 2020: R+62.8 2016: R+61.4 2012: R+50.1 2008: R+50.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -24.06%
• Current HPI: 242.3593
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.95%
• F500 in state: 14

Industry mix (Fortune 500 HQ in CO)

Industry	F500 HQs	Revenue
▸Technology Distribution	1	$31B
▸Food / Agriculture	1	$18B
▸Packaging	1	$14B
▸Healthcare	1	$13B
▸Energy	1	$10B
▸Technology	1	$4B

Price history

+732.8% since first listed

16 events — show timeline

• 2026-03-01 Pending — IRES
• 2026-03-01 Pending — REColorado as Distributed by MLS Grid
• 2025-12-03 Price Changed $149,900 IRES
• 2025-12-03 Price Changed $149,900 REColorado as Distributed by MLS Grid
• 2025-08-12 Price Changed $159,900 IRES
• 2025-08-12 Price Changed $159,900 REColorado as Distributed by MLS Grid
• 2025-06-12 Price Changed $163,900 IRES
• 2025-06-12 Price Changed $163,900 REColorado as Distributed by MLS Grid
• 2025-03-25 Listed $164,900 REColorado as Distributed by MLS Grid
• 2025-03-25 Listed $164,900 IRES
• 2021-02-16 Sold (MLS) $35,000 REColorado as Distributed by MLS Grid
• 2021-02-16 Sold (MLS) $35,000 IRES
• 2021-01-10 Pending — REColorado as Distributed by MLS Grid
• 2021-01-08 Listed $30,000 REColorado as Distributed by MLS Grid
• 2021-01-08 Listed $30,000 IRES
• 1998-07-07 Sold (Public Records) $18,000 Public Records

Property tax history

+11.9%/yr

Latest (2025): $681 · +197.0% YoY. Source: county tax records.