1685 Fourmile Canyon Dr
About This Property
Welcome to this tastefully updated mountain home, a perfect blend of rustic charm and modern convenience. This property boasts 2 bedrooms, 1.5 baths, and a versatile loft (currently serving as a guest bedroom), all situated on two deeded lots totaling over 4+ acres.
Ideally located- just 7 minutes from Broadway, the home is accessible via county maintained roads, ensuring convenience coupled with mountain life. Enjoy the beauty of nature from your large deck, overlooking both the creek and neighboring pond.
This property is equipped with a state-certified water well. The well also comes with irrigation right to water .33 acre of home lawn and garden, new filtration system, new septic system installed (sized for 4 bedrooms), new radonn mitigation system and brand new roof!
Main level features spacious living room w vaulted ceilings and has ample space for a home office. Two bedrooms, primary includes spacious walk in closet. Plus you'll find two fireplaces-one wood-burning and one gas-for cozy evenings. Newly remodeled kitchen/dining area on the ground level.
The property includes plenty of parking and room for expansion. The second adjoining lot offers potential to add onto main house or add a guest house. Property has been certified by a professional wildfire mitigation company and is officially "wildfire mitigated". Whether you're a biker, hiker, or simply a nature enthusiast, this location is paradise. The only limit is your imagination!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 12, 2025 | Sold | ||
| Sold | |||
| Oct 10, 2025 | Listed by Compass Colorado, LLC - Boulder | $980,000 | |
| Listed by Compass Colorado, LLC - Boulder | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017