$455,000
●
House -
Off Market
1051 Mahogany Way
Severance, CO 80550
3 Beds
2 Baths,
1
Half Bath
1,576 Ft²
$2,443
Est. Monthly
$18
HOA / Fees
6.53%
Cap Rate
About This Property
Beautifully updated 2 story home in an established neighborhood
with a huge backyard and open space across the street! East facing
for amazing sunrises from the primary bed/bath, living room, and
covered front porch. Bonus family room on the 2nd floor, plus an
unfinished basement. 3 beds/2 baths up. New: roof, windows,
furnace, A/C, water heater, LVP flooring, carpet, lighting,
appliances, brand new exterior paint and brand new sod. Enclosed
privacy fence, garden boxes, and firepit area.
Unit Size
1,576 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$289
Property Type
House
Property Taxes
$190
HOA Dues
$18
Year Built
2003
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (IRES MLS #1009893)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Jul 29, 2024 | Listed by RE/MAX Alliance-FTC South | $450,000 | |
| Listed by RE/MAX Alliance-FTC South | |||
| | |||
|
NEW: roof, windows, furnace, A/C, water heater, LVP flooring, carpet, lighting, appliances & exterior paint! Enjoy the sunrise from your covered front porch, gazing across the east facing open space. Or entertain in the large fully fenced backyard w/new sod, garden beds & firepit. This unique floorplan is both comfortable & functional offering a spacious family room that flows into dining & kitchen on the main. Primary bed w/full ensuite bath, 2 more beds & full bath are together upstairs PLUS an additional living/rec/playroom upstairs. Unfinished basement w/rough-in for future expansion, storage or workout area.
| |||
| Jun 16, 2024 | Price Decreased |
$455,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Jun 3, 2024 | Price Increased |
$460,000
↑ $5K
(1.1%) | |
| Price Increased | |||
| May 17, 2024 | Listed by RE/MAX Alliance-Loveland | $455,000 | |
| Listed by RE/MAX Alliance-Loveland | |||
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Property Highlights
Garage
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Tracie Milton, RE/MAX Alliance-Loveland
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1009893
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1009893
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