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Leadville North 80461
1516 Mount Elbert Dr
$290,000
● House - Off Market

1516 Mount Elbert Dr

Leadville, CO 80461
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,848 Ft²
$309,042
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Calling all investors! Great fix n flip opportunity, perfect BRRRR candidate, or great opportunity to get on the road of financial freedom. This 3-bedroom 2 bath home has an abundance of character and is awaiting your creativity. 1 car attached garage and incredible views. Close proximate to historic downtown Leadville, community center, and Westpark Elementary School. As-is condition with cash and quick closing preferred.
Unit Size
1,848 Ft²
Days on Market
51 days
Land Size
0.18 acres
Price per sqft
$162
Property Type
House
Property Taxes
$80
HOA Dues
-
Year Built
1951

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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 #9303408)

Price History

Date / Event Date Event Price
Mar 6, 2023 Sold
Premium
Sold
Nov 4, 2022 Listed by RE/MAX Alliance $299,900
Listed by RE/MAX Alliance

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1960
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 2
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 312
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 924
  • Building Area: 924
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 18
  • Heated Square Feet: 924
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST PARK#3
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: LOT 7 BLOCK 7 WEST PARK #3

Neighborhood

  • School District Name: Lake County School District R-1
  • Census Tract: 961701

Geography

  • Account Number: R007490
  • Parcel: 263323113013
  • Block: 7
  • Lot: 7
  • Municipality: WESTPARK
  • Latitude: 39.256
  • Longitude: -106.299

    Address

  • Full Address: 1516 Mount Elbert Dr
  • Address - House Number: 1516
  • Address - Street Name: Mount Elbert
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Leadville
  • Carrier Code: C003
  • 4-Digit Zip Code: 3472
  • Zip Code: 80461

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $146,728
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 193

    Appraisal Valuation

  • Standard Deviation: 0.2242
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 336,701
  • High Value: 412,209
  • Low Value: 261,194

    Market Valuation

  • Market Total Value: $143,184
  • Market Land Value: $50,940
  • Market Improvement Value: $92,244

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $9,951
  • Assessed Land Value: $3,540
  • Assessed Improvements Value: $6,411

    Sales

  • Current Sale Contract Date: Mar 01, 2023
  • Current Sale Recording Date: Mar 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 386648
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 Leadville North

Stats & Trends

Median Asking:

$637,500

Sale Price/ft²

$381

Below Asking

0.03%

Average Days on Market

72

Average Home Size

1770 ft²

Average Home Age

58.7 years

Currently For Sale

13 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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REcolorado

Listed by: Jamie Goodvin, RE/MAX Alliance
Last Updated: 12 months ago
Data Source: REcolorado MLS, MLS# 9303408
© 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 1516 Mt Elbert Drive built and last sold?
The property at 1516 Mt Elbert Drive was built in 1951 and last sold on Mar 1, 2023 for $290,000.
How much is this home worth?
The estimated value of the home located at 1516 Mt Elbert Drive is $0.
What are some comparable homes to 1516 Mt Elbert Drive?
There are currently no comparable homes to 1516 Mt Elbert Drive.
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