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Larimer 80540
1397 Gray Mountain Drive
$595,000
● House - Off Market

1397 Gray Mountain Drive

Lyons, CO 80540
bedrooms
2 Beds
bathrooms
1 Bath
square feet
887 Ft²
$637,286
RealtyHop Estimate
7.11%
Since Nov 1, 2021
CO-Denver
Primary Model

About This Property

Enjoy spectacular western mountain views of Long's Peak and the continental divide from this charming cottage on 25 acres on a mountain top! Home features generous room sizes, nice finishes, and a studio room with a separate entry. Land features include numerous amazing rock outcroppings, easy driveway, trees, views, abundant sunshine and unmatched privacy! Broadband internet service provided by X-Bar 7 Communications (xbar7.com). Heat provided by propane gas stove in living room.
Unit Size
887 Ft²
Days on Market
-
Land Size
24.96 acres
Price per sqft
$671
Property Type
House
Property Taxes
$131
HOA Dues
-
Year Built
1999

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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 (REcolorado MLS #RECIR945739)

Price History

Date / Event Date Event Price
Oct 13, 2021 Sold
Premium
Sold
Jul 13, 2021 Listed by Gateway Realty Group $595,000
Listed by Gateway Realty Group
Apr 4, 2016 Sold
Premium
Sold
Jul 9, 2001 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 498
  • Garage Type: 1
  • Garage Square Area: 498
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 31
  • Pool Type: 0
  • Location Influence Type: 252

    Dimensions

  • Lot Size Square Feet: 1,087,258
  • Total Building Area: 1,386
  • Gross Building Area: 1,386
  • Building Area: 888
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 888
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: X-BAR SEVEN ADD
  • Land Acres: 0000024960
  • Standard Land Use Code: 1001
  • County Land Use Code: 1219L
  • Legal Description 1: LOT 24, X BAR SEVEN 1ST ADD

Neighborhood

  • School District Name: St. Vrain Valley School District RE 1J
  • Census Tract: 001905

Zoning

  • Zoning: O

Geography

  • Assessors Map Reference: 14241
  • Account Number: R0592269
  • Parcel: R0592269
  • Lot: 24
  • Meridian: SEC 24 TWN 4N RNG 71W
  • Municipality: OUTSIDE CITY LIMITS
  • Latitude: 40.3039
  • Longitude: -105.286

    Address

  • Full Address: 1397 Gray Mountain Dr
  • Address - House Number: 1397
  • Address - Street Name: Gray Mountain
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Lyons
  • Carrier Code: H068
  • 4-Digit Zip Code: 8429
  • Zip Code: 80540

Valuation

    Tax

  • Total Area: 390
  • Tax Year: 2023
  • Tax Amount: $479,436
  • Tax Rate Code Area: 4012

    Appraisal Valuation

  • Standard Deviation: 0.1347
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 627,248
  • High Value: 711,775
  • Low Value: 542,721

    Market Valuation

  • Market Total Value: $668,600
  • Market Land Value: $269,000
  • Market Improvement Value: $399,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $44,796
  • Assessed Land Value: $18,023
  • Assessed Improvements Value: $26,773

    Sales

  • Current Sale Contract Date: Oct 11, 2021
  • Current Sale Recording Date: Oct 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 20210095139
  • Previous Sale Recording Date: Apr 04, 2016
  • Previous Sale Contract Date: Apr 01, 2016
  • Previous Sale Amount: $235,000
  • 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 Larimer

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$283

Above Asking

83.26%

Average Days on Market

56

Average Home Size

2246 ft²

Average Home Age

28 years

Currently For Sale

3436 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 1397 Gray Mountain Drive built and last sold?
The property at 1397 Gray Mountain Drive was built in 1999 and last sold on Oct 11, 2021 for $595,000.
How much is this home worth?
The estimated value of the home located at 1397 Gray Mountain Drive is $0.
What are some comparable homes to 1397 Gray Mountain Drive?
There are currently no comparable homes to 1397 Gray Mountain Drive.
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