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Chaffee 81201
10701 Engelmann Ave
$525,000
● House - Off Market

10701 Engelmann Ave

Poncha Springs, CO 81201
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,365 Ft²
$529,087
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Brand New home finishing up and ready for anticipated delivery by May 15. This open floor plan provides 3 beds, 2 baths, a large laundry room. 9' ceilings, quartz countertops, stainless appliances, 90% efficient furnace, an inviting front porch and covered back patio are just a few of the features of this quality 1,365 sqft home. Front and side yard landscaping included.  Detached 2 car garage. Enjoy the many benefits of Poncha Meadows including terrific access to hiking, skiing, biking and a short drive to downtown Salida. This block additionally offers owners a private community green space for enjoyment. Contact agent for full finish features list. 1 year Builder Warranty provided. Seller is a licensed CO Broker.
Unit Size
1,365 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$385
Property Type
House
Property Taxes
$24
HOA Dues
$50
Year Built
2021

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Cap Rate Calculator

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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 (REcolorado MLS #3039957)

Price History

Date / Event Date Event Price
May 16, 2022 Sold
Premium
Sold
Feb 24, 2022 Listed by Roots Real Estate $525,000
Listed by Roots Real Estate
Sep 3, 2021 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,554
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,364
  • Building Area: 1,364
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,364
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PONCHA MEADOWS SUBDIVISION
  • Land Acres: 0000000105
  • Standard Land Use Code: 1001
  • Legal Description 1: LOT 9 BLOCK 7 PONCHA MEADOWS SUBDIVISION FILING 1 PLAT 456239 PS103 REC 480412

Neighborhood

  • School District Name: Salida School District R-32
  • Census Tract: 000300

Geography

  • Parcel: R380503307009
  • Block: 7
  • Lot: 9
  • Meridian: SEC 3 TWN 49N RNG 8E
  • Latitude: 38.5228
  • Longitude: -106.074

    Address

  • Full Address: 10701 Engelmann Ave
  • Address - House Number: 10701
  • Address - Street Name: Engelmann
  • Address - Suffix Type: Ave
  • State: CO
  • City Name: Salida
  • Carrier Code: H031
  • 4-Digit Zip Code: 9814
  • Zip Code: 81201

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $32,660
  • Tax Rate Code Area: 08

    Market Valuation

  • Market Total Value: $87,104
  • Market Land Value: $54,000
  • Market Improvement Value: $33,104

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $6,050
  • Assessed Land Value: $3,750
  • Assessed Improvements Value: $2,300

    Sales

  • Current Sale Contract Date: May 13, 2022
  • Current Sale Recording Date: May 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 480412
  • Previous Sale Recording Date: Sep 03, 2021
  • Previous Sale Contract Date: Sep 02, 2021
  • Previous Sale Amount: $999,000
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Chaffee

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$437

Below Asking

0.03%

Average Days on Market

74

Average Home Size

2050 ft²

Average Home Age

30 years

Currently For Sale

422 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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REcolorado

Listed by: Kenneth Layton, Roots Real Estate
Last Updated: 2 years ago
Data Source: REcolorado MLS, MLS# 3039957
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 10701 Engelmann Avenue built and last sold?
The property at 10701 Engelmann Avenue was built in 2021 and last sold on May 13, 2022 for $525,000.
How much is this home worth?
The estimated value of the home located at 10701 Engelmann Avenue is $0.
What are some comparable homes to 10701 Engelmann Avenue?
There are currently no comparable homes to 10701 Engelmann Avenue.
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