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Severance 80615
1326 Park Ridge Dr
$803,000
● House - Off Market

1326 Park Ridge Dr

Severance, CO 80615
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,115 Ft²
$4,292
Est. Monthly
$21
HOA / Fees
4.65%
Cap Rate

About This Property

Here is your dream come true. This amazing, 5 bed/3 bath ranch style home with updated features is located in the highly desired Baldridge neighborhood and offers a rare three car garage combined with a 24x42 RV garage.  The sparkling kitchen includes a large island, granite countertops, stainless appliances, knotty alder cabinets, and newly refinished hardwood floors.  The primary bed has bathroom with two sinks, shower, and spacious walk-in closet.   Beautifully finished basement with wet bar, full bathroom, family room and two more bedrooms.  The detached garage is fully insulated, has two 220V heaters, 30A outlets, and a massive fan.  You will love the cozy heated sunroom!  Plenty of room for outdoor entertaining in the fully fenced yard on the patio.  Home pre-inspected.
Unit Size
3,115 Ft²
Days on Market
30 days
Land Size
0.36 acres
Price per sqft
$262
Property Type
House
Property Taxes
$269
HOA Dues
$21
Year Built
2006

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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 (IRES MLS #1001149)

Price History

Date / Event Date Event Price
Mar 5, 2024 Sold
Premium
Sold
Jan 4, 2024 Listed by Group Mulberry $815,000
Listed by Group Mulberry
Nov 3, 2015 Sold
Premium
Sold
Sep 29, 2008 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 17
  • 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: 1,693
  • Garage Type: 1
  • Garage Square Area: 1,916
  • Parking Space Count: 4
  • Patio Type: 60
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,620
  • Total Building Area: 5,302
  • Gross Building Area: 5,302
  • Building Area: 3,018
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,018
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BALDRIDGE SUB 2ND FG
  • Land Acres: 0000000359
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SEV 2BS L9 BLK3 BALDRIDGE 2ND FG

Neighborhood

  • School District Name: Eaton School District RE-2
  • Census Tract: 002208

Geography

  • Assessors Map Reference: MAP 2014
  • Account Number: R0013901
  • Parcel: R0013901
  • Block: 3
  • Lot: 9
  • Meridian: SEC 1 TWN 6N RNG 67W 6TH PM
  • Latitude: 40.5211
  • Longitude: -104.834

    Address

  • Full Address: 1326 Park Ridge Dr
  • Address - House Number: 1326
  • Address - Street Name: Park Ridge
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Severance
  • Carrier Code: R802
  • 4-Digit Zip Code: 8606
  • Zip Code: 80615

Valuation

    Tax

  • Total Area: 3,386
  • Tax Year: 2023
  • Tax Amount: $353,608
  • Tax Rate Code Area: 3996

    Appraisal Valuation

  • Standard Deviation: 0.1392
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 83
  • Final Value: 711,520
  • High Value: 810,634
  • Low Value: 612,407

    Market Valuation

  • Market Total Value: $740,794
  • Market Land Value: $137,000
  • Market Improvement Value: $603,794

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,630
  • Assessed Land Value: $9,180
  • Assessed Improvements Value: $40,450

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Mar 05, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4947480
  • Previous Sale Recording Date: Nov 03, 2015
  • Previous Sale Contract Date: Oct 28, 2015
  • Previous Sale Amount: $475,000
  • 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 Severance

Stats & Trends

Median Asking:

$520,900

Sale Price/ft²

$252

Below Asking

0.02%

Average Days on Market

60

Average Home Size

2537 ft²

Average Home Age

9.3 years

Currently For Sale

119 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

Rentals Near You

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IRES

Listed by: Tim Ash, Group Mulberry
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1001149
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 1326 Park Ridge Drive built and last sold?
The property at 1326 Park Ridge Drive was built in 2006 and last sold on Feb 29, 2024 for $803,000.
How much is this home worth?
The estimated value of the home located at 1326 Park Ridge Drive is $0.
What are some comparable homes to 1326 Park Ridge Drive?
There are currently no comparable homes to 1326 Park Ridge Drive.
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