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508 W Olive St, Fort Collins, CO, 80521

7beds
4baths
3,414sqft
$1,175,000
$344price/sqft
$7,209/moest. monthly cost
$288,360/yrincome needed

About This Home

Gorgeous Old Town bungalow with Separate Detached Carriage house, located just blocks away from Downtown, City Park, & Poudre River. The Main home sits on one of the most quiet & wide streets in Old Town w/ mature trees & located in the Dunn school district. Newer addition in 2000 done by High Craft Builders adds a large living area with tall ceilings and 2 upper bedrooms and full bath. Main home consists of 4 bedrooms 2 full baths w/ 2 more bedrooms in the basement along with & 3/4 bath (total sqft 2919). SEPARATE, detached and updated 1 bed 1 bath Carriage House w/ Legal (grandfathered) STR license, is currently rented and tenant would like to stay (total sqft 495). Carriage house also has alley access w/ separate parking area. Both homes are flooded w/ natural light & have a great open feel. Upgrades are: Newer roof on both main & carriage house, gutters, interior and exterior paint. Newer kitchen cabinets, tile, and countertops. Newer driveway, main level bath & enclosed front porch & landscape. Enjoy the beautiful and peaceful backyard w/ mature trees on those cool summer nights, or sit in your covered, 4 season front porch and take in all that FTC has to offer. All just minutes from Restaurants, Grocery, Old Town, Poudre River, City Park, CSU and more.

Getting Around

87
WalkingVery Walkable
49
TransitSome Transit
100
BikeBiker's Paradise

Schools

7/10
Dunn Elementary SchoolGrades K-50.5 mi
5/10
Lincoln Middle SchoolGrades 6-81.5 mi
7/10
Poudre High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1918

Materials

  • Roof: Composition
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

Interior

Appliances

  • Appliances included: Electric Range,Self Cleaning Oven,Refrigerator,Washer,Dryer,Microwave

Basement

  • Has basement: Yes
  • Basement: Partially Finished

Bedroom2

  • Level: Upper
  • Area: 182
  • Dimensions: 13 x 14

Bedroom3

  • Level: Main
  • Area: 110
  • Dimensions: 10 x 11

Bedroom4

  • Level: Main
  • Area: 143
  • Dimensions: 11 x 13

Bedroom5

  • Level: Lower
  • Area: 169
  • Dimensions: 13 x 13

Bedroom6

  • Level: Lower
  • Area: 156
  • Dimensions: 12 x 13

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 4
  • Full bathrooms: 3
  • 3/4 bathrooms: 1
  • Main level bathrooms: 1

Family Room

  • Level: Main
  • Area: 266
  • Dimensions: 14 x 19

Features

  • Eat-in Kitchen,Open Floorplan
  • Window features: Window Coverings
  • Finished area above ground: 2,199

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 2,199
  • Total interior livable area: 3,414 sqft

Kitchen

  • Level: Main
  • Area: 225
  • Dimensions: 15 x 15

Laundry

  • Level: Lower
  • Area: 187
  • Dimensions: 11 x 17

Living Room

  • Level: Main
  • Area: 225
  • Dimensions: 15 x 15

Primary Bedroom

  • Level: Upper
  • Area: 270
  • Dimensions: 15 x 18

Recreation Room

  • Level: Lower
  • Area: 289
  • Dimensions: 17 x 17

Property

Details

  • Parcel number: R0040312
  • Zoning: NCM
  • Special condition: Private Owner

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio
  • Fencing: Fenced
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 2,444 sqft
  • Features: Wooded,Level,Paved,Curbs,Gutters,Sidewalks,Street Light,Alley,Fire Hydrant within 500 Feet

Parking

  • Total spaces: 1
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Lightning
Cold Wave
Hail
Winter Weather
Inland Flooding
Strong Wind
Tornado

FEMA Declared Disasters Across Colorado Counties

Fire

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,941$71,292
Home Insurance *$502$6,024
Property Taxes $509$6,108
Electricity $257$3,092
Total$7,209$86,508
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$247,165/yr
40% on housing$216,270/yr
45% on housing$192,240/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.3%
15.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.2%
3.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$344This listing

vs Other Active Listings

Avg $/sqft

ZIP 80521$213
Larimer County$232

vs Homes Sold Last Month

Median $/sqft

ZIP 80521$325
Larimer County$250

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-16Price change$1,175,000
2026-07-02Listed for sale$1,189,000
2026-06-23Listing removed$1,189,000
2026-06-03Listed for sale$1,189,000
2023-06-26Listing removed--
2023-06-05Price change$1,249,000
2023-05-23Price change$1,299,000
2023-05-15Listed for sale$1,349,000
2023-05-15Listing removed--
2023-04-26Price change$1,395,000
2023-04-20Listed for sale$1,450,000
2013-09-03Sold$440,000
2013-07-21Price change$500,000
2013-07-03Price change$575,000
2013-06-18Price change$600,000
2013-06-04Price change$630,000
2013-05-10Listed for sale$649,000
2005-05-03Sold$436,000
2001-01-12Sold$315,000

For Sale by Agent

AgentBobby Khan
BrokerageIntegrity Realty

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