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Severance 80550
1104 Cortez Way
$855,000
● House - Off Market

1104 Cortez Way

Severance, CO 80550
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,604 Ft²
$869,896
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Updated ranch home offers 4 bdrms, 4 ba & office on one acre. Great rm has ample natural light w/2 skylights, vaulted ceilings, gas fireplace great gathering spot. Formal din rm w/hrdwds leads you to the updated kit w/42' white cabinets, SS appliances, & kit nook area w/mt views. Lrg priv  ensuite w/newer flooring. Updated primary bath w/freestanding tub, walk-in shower, double vanities & 2 walk-in closets. Fin full bsmt w/rec rm & large bdrm could be 2nd primary suite w/attached  3/4 bath. Colorado outdoor living on 24 x 23 Trex deck w/pergola & breathtaking sunsets. Fully fenced yard, sprinkler system & dog run. Oversized 3 car garage w/EV ready plugin. Room to build a shop.
Unit Size
3,604 Ft²
Days on Market
-
Land Size
1.06 acres
Price per sqft
$237
Property Type
House
Property Taxes
$318
HOA Dues
$19
Year Built
2001

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 years ago (IRES MLS #984080)

Price History

Date / Event Date Event Price
Apr 26, 2023 Sold
Premium
Sold
Mar 24, 2023 Listed by Coldwell Banker Realty- Fort Collins $855,000
Listed by Coldwell Banker Realty- Fort Collins
Dec 13, 2013 Sold
Premium
Sold
Jan 7, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 18
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,740
  • Garage Type: 1
  • Garage Square Area: 884
  • Parking Space Count: 4
  • Patio Type: 60
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,280
  • Total Building Area: 4,938
  • Gross Building Area: 4,938
  • Building Area: 3,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CASA LOMA SUB
  • Land Acres: 0000001062
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SEV CL L3 BLK4 CASA LOMA

Neighborhood

  • School District Name: Windsor School District RE-4
  • Census Tract: 002208

Geography

  • Assessors Map Reference: MAP 2011
  • Account Number: R7575699
  • Parcel: R7575699
  • Block: 4
  • Lot: 3
  • Meridian: SEC 25 TWN 7N RNG 67W
  • Latitude: 40.5496
  • Longitude: -104.848

    Address

  • Full Address: 1104 Cortez Way
  • Address - House Number: 1104
  • Address - Street Name: Cortez
  • Address - Suffix Type: Way
  • State: CO
  • City Name: Severance
  • Carrier Code: R012
  • 4-Digit Zip Code: 2729
  • Zip Code: 80550

Valuation

    Tax

  • Total Area: 4,054
  • Tax Year: 2023
  • Tax Amount: $411,222
  • Tax Rate Code Area: 0434

    Appraisal Valuation

  • Standard Deviation: 0.1218
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 86
  • Final Value: 785,360
  • High Value: 881,067
  • Low Value: 689,652

    Market Valuation

  • Market Total Value: $747,830
  • Market Land Value: $142,119
  • Market Improvement Value: $605,711

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,100
  • Assessed Land Value: $9,520
  • Assessed Improvements Value: $40,580

    Sales

  • Current Sale Contract Date: Apr 25, 2023
  • Current Sale Recording Date: Apr 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 4894592
  • Previous Sale Recording Date: Dec 13, 2013
  • Previous Sale Contract Date: Dec 13, 2013
  • Previous Sale Amount: $357,900
  • Previous Sale Document Type: 71
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 Severance

Stats & Trends

Median Asking:

$524,950

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2551 ft²

Average Home Age

8.4 years

Currently For Sale

121 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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IRES

Listed by: Michelle Algueseva Nelson, Coldwell Banker Realty- Fort Collins
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 984080
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.

Frequently Asked Questions

When was property at 1104 Cortez Way built and last sold?
The property at 1104 Cortez Way was built in 2001 and last sold on Apr 25, 2023 for $855,000.
How much is this home worth?
The estimated value of the home located at 1104 Cortez Way is $0.
What are some comparable homes to 1104 Cortez Way?
There are currently no comparable homes to 1104 Cortez Way.
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