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Park 80440
1178 REDHILL Road
$195,000
● Land - Off Market

1178 REDHILL Road

Fairplay, CO 80440
bedrooms
Studio
bathrooms
0 Bath
$1,184
Est. Monthly
$112
HOA / Fees
2.67%
Cap Rate

About This Property

Incredible 2.5 acre pine and aspen treed lot has MASSIVE SNOWCAPPED MOUNTAIN VIEWS to Mt. Silverheels, borders Open Space and already has everything done and is ready to be built on!! Septic system for a 3 bedroom home has already been installed. Tap has been made into the community water system and water line brought onto the lot. Driveway permitted and graveled with a circle drive and 2 RV pads both with electric hookups. 200 amp service onto the lot. Shed with cement floor already in place. Fenced dog kennel is included. All of this includes private, gated fishing rights on the Middle Fork of the South Platte River. About an hour and a half to both Denver and Colorado Springs, and only 40 minutes to Breckenridge. Easy year round access and only 4/10 of a mile off pavement. This one is truly ready to go!!
Unit Size
-
Days on Market
-
Land Size
2.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$95
HOA Dues
$112
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: 3 years ago (REcolorado MLS #REC2511957)

Price History

Date / Event Date Event Price
Mar 25, 2024 Sold
Premium
Sold
Aug 10, 2023 Listed by BRISTLECONE REALTY GROUP $198,900
Listed by BRISTLECONE REALTY GROUP
May 19, 2016 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
  • Location Influence Type: 7

    Dimensions

  • Lot Size Square Feet: 108,900
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 2
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: REDHILL FOREST FLG 1
  • Land Acres: 0000002500
  • Standard Land Use Code: 8001
  • County Land Use Code: 0100
  • Legal Description 1: T10 R76 S32 NW4 REDHILL FOREST FILING 1 LOT 140

Neighborhood

  • School District Name: Park County School District RE-2
  • Census Tract: 000400

Geography

  • Account Number: 31728
  • Parcel: R0031728
  • Lot: 140
  • Latitude: 39.1407
  • Longitude: -105.915

    Address

  • Full Address: 1178 Redhill Rd
  • Address - House Number: 1178
  • Address - Street Name: Redhill
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Fairplay
  • Carrier Code: H032
  • 4-Digit Zip Code: 4038
  • Zip Code: 80440

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $103,936
  • Tax Rate Code Area: 0015

    Market Valuation

  • Market Total Value: $22,860
  • Market Land Value: $22,860

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $6,629
  • Assessed Land Value: $6,629

    Sales

  • Current Sale Contract Date: Mar 20, 2024
  • Current Sale Recording Date: Mar 25, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 808344
  • Previous Sale Recording Date: May 19, 2016
  • Previous Sale Contract Date: May 18, 2016
  • Previous Sale Amount: $15,000
  • 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 Park

Stats & Trends

Median Asking:

$585,000

Sale Price/ft²

$327

Below Asking

0.03%

Average Days on Market

68

Average Home Size

1876 ft²

Average Home Age

31.7 years

Currently For Sale

578 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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Frequently Asked Questions

When was property at 1178 Redhill Road built and last sold?
The property at 1178 Redhill Road was built in and last sold on Mar 20, 2024 for $195,000.
How much is this home worth?
The estimated value of the home located at 1178 Redhill Road is $0.
What are some comparable homes to 1178 Redhill Road?
There are currently no comparable homes to 1178 Redhill Road.
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