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Chaffee 81201
10702 Engelmann Ave
$110,000
● Land - Off Market

10702 Engelmann Ave

Salida, CO 81201
bedrooms
Studio
bathrooms
0 Bath
$676
Est. Monthly

About This Property

South-facing, buildable lot in the up-and-coming Poncha Meadows neighborhood of Poncha Springs. Buy as an investment or build your dream home! Enjoy everything that the fast-growing community of Poncha Springs and its surrounding area has to offer, while also being only a short drive from Salida.  This 0.15 acre lot can accommodate a single family home plus ADU.  Call for a showing today!
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
$111
HOA Dues
-
Year Built
-

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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: 11 months ago (REcolorado MLS #6171912)

Price History

Date / Event Date Event Price
Aug 23, 2024 Sold
Premium
Sold
Jul 17, 2024 In contract -
In contract
Jun 6, 2024 Listed by Pinon Real Estate Group LLC $115,000
Listed by Pinon Real Estate Group LLC
South-facing, buildable lot in the up-and-coming Poncha Meadows neighborhood of Poncha Springs. Buy as an investment or build your dream home! Enjoy everything that the fast-growing community of Poncha Springs and its surrounding area has to offer, while also being only a short drive from Salida. This 0.15 acre lot can accommodate a single family home plus ADU. Call for a showing today!
Oct 20, 2021 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 6,625
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: PONCHA MEADOWS SUBDIVISION
  • Land Acres: 0000000152
  • Standard Land Use Code: 8000
  • Legal Description 1: LOT 6 BLOCK 8 PONCHA MEADOWS SUBDIVISION FILING 1 PLAT 456239 PS103 REC 475187

Neighborhood

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

Geography

  • Parcel: R380503308006
  • Block: 8
  • Lot: 6
  • Meridian: SEC 3 TWN 49N RNG 8E
  • Latitude: 38.5233
  • Longitude: -106.074

    Address

  • Full Address: 10702 Engelmann Ave
  • Address - House Number: 10702
  • 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: $37,141
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 08

    Market Valuation

  • Market Total Value: $23,737
  • Market Land Value: $23,737

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $6,880
  • Assessed Land Value: $6,880

    Sales

  • Current Sale Contract Date: Oct 13, 2021
  • Current Sale Recording Date: Oct 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 475187
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:

$749,000

Sale Price/ft²

$434

Below Asking

0.03%

Average Days on Market

69

Average Home Size

2059 ft²

Average Home Age

31.4 years

Currently For Sale

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

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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REcolorado

Listed by: Brett Rankin, Pinon Real Estate Group LLC
Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 6171912
© 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 10702 Engelmann Avenue built and last sold?
The property at 10702 Engelmann Avenue was built in and last sold on Oct 13, 2021 for $85,500.
How much is this home worth?
The estimated value of the home located at 10702 Engelmann Avenue is $0.
What are some comparable homes to 10702 Engelmann Avenue?
There are currently no comparable homes to 10702 Engelmann Avenue.
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