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Longmont 80504
1508 Red Mountain Drive
$650,000
● House - Off Market

1508 Red Mountain Drive

Longmont, CO 80504
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,193 Ft²
$587,871
RealtyHop Estimate
-6.54%
Since Jun 1, 2022
CO-Denver
Primary Model

About This Property

Beautiful Quail Crossing home in Longmont. Enjoy approx. 2200 finished sq. ft. with 3 bedrooms plus loft upstairs, main floor office, 3 full baths & 2-car garage. You'll love the whole house fan and wood floors on the main level. French doors lead to the office; main floor laundry w/sink & cabs. New roof in 2018. Lovely south facing front porch. Large backyard w/patio, privacy with the trees in bloom! All appliances included. Spacious family room has gas fireplace. Large master suite w/5-piece bath. Unfinished full basement for storage & expansion!  Walk to schools, parks & more!
Unit Size
2,193 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$287
Property Type
House
Property Taxes
$206
HOA Dues
$47
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 (REcolorado MLS #RECIR962503)

Price History

Date / Event Date Event Price
May 4, 2022 Sold
Premium
Sold
Apr 8, 2022 Listed by Coldwell Banker Realty-Lgmt $629,000
Listed by Coldwell Banker Realty-Lgmt
Apr 6, 2004 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 16
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,193
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,955
  • Total Building Area: 3,802
  • Gross Building Area: 3,802
  • Building Area: 2,147
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,147
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: QUAIL CROSSING FLG 3 - LG
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LT 3 BLK 5 QUAIL CROSSING FLG 3

Neighborhood

  • School District Name: St. Vrain Valley School District RE 1J
  • Census Tract: 013508

Geography

  • Account Number: R0144677
  • Parcel: R0144677
  • Block: 5
  • Lot: 3
  • Meridian: SEC 36 TWN 3N RNG 69
  • Municipality: LONGMONT
  • Latitude: 40.1775
  • Longitude: -105.064

    Address

  • Full Address: 1508 Red Mountain Dr
  • Address - House Number: 1508
  • Address - Street Name: Red Mountain
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Longmont
  • Carrier Code: R047
  • 4-Digit Zip Code: 2277
  • Zip Code: 80504

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $243,592
  • Tax Rate Code Area: 00-680

    Appraisal Valuation

  • Standard Deviation: 0.1658
  • Valuation Date: May 17, 2023
  • Confidence Score: 79
  • Final Value: 630,778
  • High Value: 735,408
  • Low Value: 526,149

    Market Valuation

  • Market Total Value: $624,700
  • Market Land Value: $131,200
  • Market Improvement Value: $493,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,261
  • Assessed Land Value: $8,876
  • Assessed Improvements Value: $33,385

    Sales

  • Current Sale Contract Date: May 02, 2022
  • Current Sale Recording Date: May 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3960178
  • Previous Sale Recording Date: Apr 06, 2004
  • Previous Sale Contract Date: Apr 02, 2004
  • Previous Sale Amount: $270,000
  • 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 Longmont

Stats & Trends

Median Asking:

$544,000

Sale Price/ft²

$295

Above Asking

0.00%

Average Days on Market

51

Average Home Size

1970 ft²

Average Home Age

33.9 years

Currently For Sale

537 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 1508 Red Mountain Drive built and last sold?
The property at 1508 Red Mountain Drive was built in 2001 and last sold on May 2, 2022 for $650,000.
How much is this home worth?
The estimated value of the home located at 1508 Red Mountain Drive is $640,462.
What are some comparable homes to 1508 Red Mountain Drive?
There are currently no comparable homes to 1508 Red Mountain Drive.
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