I’ll be honest with you: in three-plus years of selling real estate in Northern Colorado, I haven’t listed a condo quite like this one.
Not at this price. Not in this condition.
124 W 47th Place in Loveland, Colorado just hit the market at $230,000 — and if you’ve been watching the Northern Colorado real estate market, you already know how unusual that number is for a fully renovated, move-in ready condo. This may be the most affordable updated condo to come to market in Loveland in approximately three years.
Let me walk you through everything.
The Quick Facts
- Address: 124 W 47th Place, Loveland, CO 80538
- List Price: $230,000
- Bedrooms: 2
- Bathrooms: 1
- Square Footage: 800 sq ft
- Unit Level: 2nd floor
- Parking: Unassigned lot — ample spaces, never a problem
- Laundry: In-unit washer and dryer (both convey with sale)
- HOA: $450/month (covers water, trash, recycling, snow removal, exterior maintenance, exterior insurance, and grounds maintenance)
- Rentals Allowed: Yes — 30 days or longer
- MLS Number: 9464275 on REColorado
What Makes This One Different
Here’s what I want buyers to understand: there’s “move-in ready” as a marketing term, and then there’s actually move-in ready. This home is the latter.
The sellers didn’t just touch things up before listing. They renovated this condo. That distinction matters enormously at this price point, because what you’re getting is a home where the hard, expensive work is already done — and you’re not paying a premium for it.
Here’s a breakdown of what the sellers completed:
Fully Renovated Kitchen
This is your headline feature, and for good reason. The kitchen has been fully redone from top to bottom:
- Brand new white shaker cabinets — not refinished, not repainted. New.
- Granite countertops — durable, timeless, and a finish you’d expect at twice this price point.
- Subway tile backsplash — classic and clean, runs the full length of the kitchen wall.
- Stainless steel appliances — all included.
- Open layout — there’s room for a coffee bar setup and a full dining table without the kitchen feeling cramped. The layout flows directly into the living area, which makes the space feel significantly larger than 800 square feet.
I’ve walked through a lot of condos in this price range across Northern Colorado. The kitchen alone would stop most buyers in their tracks.
LVP Flooring Throughout
Luxury vinyl plank runs through the entire unit. No carpet to replace, no refinishing needed. LVP holds up exceptionally well in a condo setting, is easy to clean, and gives the space a cohesive, modern look from front to back.
Newer Windows Throughout the Unit
Every room has been updated with newer windows. This means natural light in every space — and in Colorado, that matters — plus improved energy efficiency and no near-term replacement costs. In a condo at $230,000, newer windows throughout is a meaningful upgrade that you don’t always see.
Updated and Regrouted Bathroom
The bathroom has been updated and fully regrouted. It’s clean, fresh, and move-in ready. No mold concerns, no deteriorating grout, no weekend project waiting for you on day one.
In-Unit Washer and Dryer — Included
This one is worth emphasizing because it’s not a given at this price. The washer and dryer are in-unit and both convey with the sale. No shared laundry room. No laundromat runs. This is a genuine quality-of-life feature, and for buyers comparing condos in this range, it’s often the tiebreaker.
Take The 3D Virtual Tour
You don’t have to take my word for it — walk through the home yourself from wherever you are.
The Matterport virtual tour gives you a complete, true-to-scale walk-through of the unit. Every room. Every angle. No guessing from photos
The Neighborhood: North Loveland, CO 80538
Location matters as much as the home itself, and this one delivers. 124 W 47th Place sits in North Loveland with easy access to everything that makes this city one of the most livable in Northern Colorado.
What’s close:
- Dutch Bros Coffee — approximately 0.5 miles. A walkable distance from the front door. If that’s your morning routine, you already understand why this matters.
- Downtown Loveland — Loveland’s arts district, local restaurants, and shops are just a short drive away. Loveland has quietly become one of the more vibrant small-city downtowns in the state.
- Fort Collins — Easy highway access makes this a realistic commute for anyone working in Fort Collins. You get more home for your money in Loveland without being far from the city.
- Rocky Mountain National Park and Estes Park — Living in Northern Colorado means the mountains are part of your life. From this address, Estes Park is less than an hour away.
And on the community itself: the sellers have lived here and genuinely love it. Ample parking — they’ve never had to fight for a space. An active, family-friendly complex with plenty of kids around. And at least one neighbor who shows up with holiday baked goods every year. That’s the kind of detail that doesn’t make it onto the MLS sheet but tells you something real about the community.
Who Should Be Looking At This Home?
This listing stands out for a few different reasons depending on what you’re looking for.
If you’ve been renting in Northern Colorado and wondering if buying makes financial sense, the math on this home is worth running seriously. Comparable 2-bedroom units in the Loveland area are renting in the range of $1,300–$1,600/month. Monthly ownership costs on this condo — including estimated principal, interest, taxes, and HOA — would land in a similar range depending on your loan program and down payment. The difference is that one builds equity and the other doesn’t.
If you’ve been waiting for an entry-level home with updated finishes, this is a rare combination. Most affordable condos in this market need work. This one doesn’t.
If you’re an investor looking at the Northern Colorado rental market, this property checks several boxes: turnkey condition (lower deferred maintenance risk at entry), a price point that pencils better than most of what’s available right now, and an HOA that allows long-term rentals of 30 days or more. I’m not going to project specific returns — that’s your CPA’s job — but the numbers are worth a serious look.
What Does $230,000 Per Month Cost?
One of the most common things I hear from buyers is that they’re not sure what homeownership actually costs on a monthly basis. Here’s a realistic breakdown for this property. These are estimates — your lender will give you exact figures based on your credit, loan type, and the current rate environment.
FHA Loan — 3.5% Down (~$8,050 down payment)
- Estimated P&I + MIP: ~$1,350–$1,500/month
- HOA: $450/month
- Estimated property taxes + insurance: additional
- Estimated total: ~$1,900–$2,100/month
Conventional Loan — 5% Down (~$11,500 down payment)
- Estimated P&I + PMI: ~$1,300–$1,450/month
- HOA: $450/month
- Estimated property taxes + insurance: additional
- Estimated total: ~$1,850–$2,050/month
Down Payment Assistance Programs Colorado’s CHFA program and select lender assistance programs may be available to qualifying buyers in Larimer County, potentially reducing the upfront down payment required. Ask your lender specifically about CHFA, local grant programs, and first-time buyer options.
These estimates are illustrative only and not a guarantee of financing terms. Contact a licensed mortgage lender for accurate pre-qualification specific to your situation.
About The HOA
At $450/month, here’s exactly what the HOA covers for this property:
- Water and sewer
- Trash removal
- Recycling
- Snow removal
- Exterior maintenance
- Exterior insurance
- Grounds maintenance
That’s a meaningful list. For buyers comparing total cost of ownership against a single-family home, the HOA covers several expenses that would otherwise come out of pocket — and for investors, it significantly simplifies long-term cost projection.
Rentals of 30 days or longer are permitted. Always verify current HOA rules and any rental caps directly with the HOA prior to closing.
Ready to See It?
Private showings are available and easy to schedule. If you’re an agent with a buyer, reach out directly — I’ll get you in as soon as possible.
Here’s everything you need to take the next step:
Frequently Asked Questions
What is the price of 124 W 47th Place Loveland CO? 124 W 47th Place, Loveland CO 80538 is listed at $230,000. MLS# 9464275 on REColorado.
How many bedrooms does 124 W 47th Place Loveland have? 2 bedrooms and 1 bathroom with 800 square feet of living space on the second floor.
What is the HOA fee at 124 W 47th Place Loveland? The HOA fee is $450/month and covers water, sewer, trash, recycling, snow removal, exterior maintenance, exterior insurance, and grounds maintenance.
Does this condo allow rentals? Yes. The HOA permits rentals of 30 days or longer. Verify current policies with the HOA directly before closing.
Does the condo at 124 W 47th Place have in-unit laundry? Yes. An in-unit washer and dryer are included and will convey with the sale.
Is there parking at 124 W 47th Place Loveland? Yes. The property has access to an unassigned parking lot with ample spaces for residents and guests.
What has been renovated in this Loveland condo? The sellers completed a full renovation including: brand new kitchen cabinets, granite countertops, subway tile backsplash, stainless appliances, LVP flooring throughout, newer windows in all rooms, and an updated, regrouted bathroom.
Where is 124 W 47th Place located? North Loveland, Colorado, zip code 80538. Easy access to Fort Collins, approximately 0.5 miles from Dutch Bros Coffee, and a short drive to Downtown Loveland.
All information provided is deemed reliable but is not guaranteed. Buyers and buyer’s agents are responsible for independently verifying all property information, HOA details, and financing estimates. Monthly payment figures are illustrative only and are not a commitment to lend. Contact a licensed mortgage professional for pre-qualification.
MLS# 9464275 — REColorado | Listed by The Carpenter Collective