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Lafayette 80026
1251 Ceres Dr
$285,000
● Land - Off Market

1251 Ceres Dr

Lafayette, CO 80026
bedrooms
Studio
bathrooms
0 Bath
$281,830
RealtyHop Estimate
-1.11%
Since Apr 1, 2023
CO-Denver
Primary Model

About This Property

Relish in the untapped opportunity that this .20-acre lot in Centaur Village provides. Situated just moments from Waneka and Hecla Lakes, the property includes a generous 2-car garage tucked away in its own forest of mature pines and natural stone. New owners may use the garage as-is or create their own Colorado dream home in this coveted Lafayette locale. Recreation is just a stone's throw away with easy access to playgrounds, frisbee golf courses, bird watching areas, paddle boating and nature paths like Coal Creek Trail. A convenient location on South Boulder Road offers residents easy proximity to Boulder, Denver and mountain adventures. With over 10,000 square feet available, this advantageous opportunity affords an expansive stage for new owners' imaginations.
Unit Size
-
Days on Market
25 days
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$96
HOA Dues
-
Year Built
1985

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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: 12 months ago (REcolorado MLS #8942635)

Price History

Date / Event Date Event Price
Mar 21, 2023 Sold
Premium
Sold
Feb 23, 2023 Listed by Milehimodern $285,000
Listed by Milehimodern
Feb 12, 2020 Sold
Premium
Sold
Aug 6, 1985 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,088
  • Total Building Area: 720
  • Building Area: 720

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTAUR VILLAGE NORTH 4
  • Land Acres: 0000000232
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 361 CENTAUR VILLAGE NORTH 4

Neighborhood

  • School District Name: Boulder Valley School District RE-2
  • Census Tract: 012905

Geography

  • Assessors Map Reference: B21-L
  • Account Number: R0081516
  • Parcel: R0081516
  • Lot: 361
  • Meridian: SEC 03 TWN 1S RNG 69
  • Municipality: LAFAYETTE
  • Latitude: 39.9873
  • Longitude: -105.114

    Address

  • Full Address: 1251 Ceres Dr
  • Address - House Number: 1251
  • Address - Street Name: Ceres
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Lafayette
  • Zip Code: 80026

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $114,898
  • Initial Tax Delinquent Year: 2017
  • Tax Rate Code Area: 00-110

    Appraisal Valuation

  • Standard Deviation: 0.1505
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 81
  • Final Value: 276,673
  • High Value: 318,340
  • Low Value: 235,006

    Market Valuation

  • Market Total Value: $236,500
  • Market Land Value: $220,400
  • Market Improvement Value: $16,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,999
  • Assessed Land Value: $14,910
  • Assessed Improvements Value: $1,089

    Sales

  • Current Sale Contract Date: Mar 20, 2023
  • Current Sale Recording Date: Mar 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4000705
  • Previous Sale Recording Date: Feb 12, 2020
  • Previous Sale Contract Date: Feb 06, 2020
  • Previous Sale Amount: $585,000
  • 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 Lafayette

Stats & Trends

Median Asking:

$645,000

Sale Price/ft²

$351

Below Asking

0.02%

Average Days on Market

50

Average Home Size

2125 ft²

Average Home Age

29.9 years

Currently For Sale

126 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

Unit for rent at 2870 Arapahoe Rd, Lafayette, CO, 80026

$1,890 /mo

  • 1 Bed
  • 1 Bath
  • 782 ft²
2870 Arapahoe Rd #A4 Realm, Lafayette, CO, 80026 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
REcolorado

Listed by: Jordan Peterson, Milehimodern
Last Updated: 12 months ago
Data Source: REcolorado MLS, MLS# 8942635
© 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 1251 Ceres Drive built and last sold?
The property at 1251 Ceres Drive was built in 1985 and last sold on Mar 20, 2023 for $285,000.
How much is this home worth?
The estimated value of the home located at 1251 Ceres Drive is $0.
What are some comparable homes to 1251 Ceres Drive?
There are currently no comparable homes to 1251 Ceres Drive.
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