The Most Affordable Renovated Condo in Loveland — And the Sellers Are Covering Your First Year of HOA
124 W 47th Place, Loveland CO 80538 · $225,000 · MLS# 9464275
124 W 47th Place in North Loveland, Colorado is listed at $225,000 — a 2-bedroom, 1-bathroom condo with 800 square feet, a fully renovated 2026 kitchen, LVP flooring throughout, newer windows in every room, in-unit washer and dryer, and an updated bathroom. The sellers are pre-paying one full year of HOA dues ($475/month, $5,700 total value), which means the buyer pays zero HOA fees for the first 12 months of ownership. Rentals of 30 days or more are permitted. MLS# 9464275 on REColorado.
I’ve been selling real estate in Northern Colorado for years. I want to share a listing I genuinely think is worth your time — and if you’ve been watching the Loveland market, you already know how rare the combination of price and condition on this one actually is.
124 W 47th Place is a 2-bedroom, 1-bathroom condo in North Loveland, listed at $225,000. The sellers completed a full kitchen renovation in 2026. LVP flooring runs throughout the entire unit. Every room has newer windows. The bathroom has been updated and regrouted. The washer and dryer are in-unit and convey with the sale. And on top of all of that — the sellers are pre-paying one full year of HOA dues.
I’ll walk you through everything below.
Quick Facts: 124 W 47th Place, Loveland CO
| Address | 124 W 47th Place, Loveland, CO 80538 |
| List Price | $225,000 |
| MLS Number | 9464275 — REColorado |
| Bedrooms / Bathrooms | 2 bed / 1 bath |
| Square Footage | 800 sq ft |
| Unit Level | 2nd floor |
| Parking | Unassigned lot — ample spaces |
| Laundry | In-unit washer and dryer (conveys) |
| HOA Fee | $475/month |
| Seller Incentive | Sellers pre-paying 1 full year of HOA ($5,700) |
| Rentals Allowed | Yes — 30 days or longer |
| Condition | Move-in ready |
What the Sellers Renovated
The sellers didn’t touch things up before listing — they renovated this condo. That distinction matters at this price point, because what you’re buying is a home where the expensive work is already done and you’re not paying a premium for it.
HOA Details — And Why the Seller Incentive Matters
The HOA fee is $475/month. Here’s what it covers:
That list covers several expenses that would otherwise come out of pocket as a homeowner — and for investors, it simplifies long-term cost projections considerably.
Now here’s why the seller incentive is worth paying attention to: the sellers are pre-paying one full year of HOA dues. That’s $475 times 12 months — $5,700 in value coming with the sale. For a buyer stretching to close, that’s real money. For an investor, that’s 12 months of one of your biggest fixed costs off the books.
Rentals of 30 days or longer are permitted. Verify current rental policies directly with the HOA before closing.
What Does $225,000 Actually Cost Per Month?
One of the things I do for every buyer I work with is make the monthly number real and specific. Here are three scenarios. These are estimates — your lender gives you the exact figures based on your credit, loan type, and current rates.
Estimated Monthly Costs — $225,000 Purchase Price
Est. P&I + MIP: ~$1,300–$1,450/mo
HOA: $0 for year 1 (pre-paid by seller)
+ taxes and insurance
Est. P&I + PMI: ~$1,250–$1,400/mo
HOA: $0 for year 1 (pre-paid by seller)
+ taxes and insurance
Estimates only. Not a commitment to lend. Contact a licensed mortgage professional for pre-qualification specific to your situation. HOA pre-payment by sellers applies to year one only; $475/month due from buyer starting in year two.
The Neighborhood: North Loveland, CO 80538
Location matters as much as the home itself. This one is in North Loveland with easy access to everything that makes this city one of the most livable in Northern Colorado.
A Note for Investors
The HOA permits long-term rentals of 30 days or more. Comparable 2-bedroom units in North Loveland are currently renting in the range of $1,300–$1,600/month — verify current market rents independently and run your numbers with your CPA before making any decisions.
What stands out from an investment standpoint is the combination of entry price, renovation quality, and the seller incentive. A fully updated unit at $225,000 with one year of HOA pre-paid reduces your first-year carrying costs meaningfully compared to a similar property without the incentive. Low deferred maintenance risk at entry is the other factor worth weighing — the kitchen, floors, windows, and bathroom have all been done.
This is not investment advice. The numbers are worth a serious look; your CPA and a licensed financial advisor can help you evaluate them properly.
Ready to See It?
Private showings are available this week. If you have questions about the home, the neighborhood, or what this price point means for the Loveland market right now — I’m happy to talk through any of it.
Frequently Asked Questions
The most common questions I get about this listing — answered directly. Reach out anytime if yours isn’t here.
All information deemed reliable but not guaranteed. Buyers and buyer’s agents are responsible for independently verifying all property information, HOA details, rental policies, and financing estimates. Monthly payment figures are illustrative only and are not a commitment to lend. HOA pre-payment by sellers is subject to contract terms — verify details with listing agent. MLS# 9464275 — REColorado. Listed by The Carpenter Collective.