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Bonanza Mountain Estates 80466
1903 Ridge Road
$650,000
● House - Off Market

1903 Ridge Road

Nederland, CO 80466
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,134 Ft²
$635,360
RealtyHop Estimate
-2.25%
Since Jun 1, 2023
CO-Denver
Primary Model

About This Property

Wrap your heart around this cabin in the woods! Sunny and bright with updated finishes including wood flooring throughout, new lighting, vanities & 3/4 bath. Vaulted ceiling, open floorplan & clerestory windows, plus spacious deck off kitchen/dining. Huge insulated/oversized garage with room for all your toys. Large shed with electric would make a great office. So close to town, this rural-feeling lot backs a dirt road (not another home) for extra privacy; Ridge Rd paved to house and up driveway. BONUS: internet service is included!  Showings start Saturday; Open House Sunday 2-4pm.
Unit Size
1,134 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$573
Property Type
House
Property Taxes
$261
HOA Dues
-
Year Built
1990

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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 #RECIR985847)

Price History

Date / Event Date Event Price
May 30, 2023 Sold
Premium
Sold
Apr 19, 2023 Listed by RE/MAX of Boulder, Inc $650,000
Listed by RE/MAX of Boulder, Inc
Mar 1, 2021 Sold
Premium
Sold
Feb 25, 2021 No longer available -
No longer available
Jul 21, 2020 Listed by RE/MAX of Boulder, Inc $525,000
Listed by RE/MAX of Boulder, Inc
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 2
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 16
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 520
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,004
  • Total Building Area: 1,654
  • Gross Building Area: 1,654
  • Building Area: 1,134
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,134
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BONANZA MOUNTAIN ESTATES - MT
  • Land Acres: 0000000689
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 12 BONANZA MOUNTAIN ESTATES

Neighborhood

  • School District Name: Boulder Valley School District RE-2
  • Census Tract: 013705

Zoning

  • Zoning: F

Geography

  • Assessors Map Reference: B34-F
  • Account Number: R0078893
  • Parcel: R0078893
  • Lot: 12
  • Meridian: SEC 08 TWN 1S RNG 72
  • Municipality: NEDERLAND
  • Latitude: 39.9769
  • Longitude: -105.477

    Address

  • Full Address: 1903 Ridge Rd
  • Address - House Number: 1903
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Nederland
  • Zip Code: 80466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $312,552
  • Tax Rate Code Area: 00-166

    Appraisal Valuation

  • Standard Deviation: 0.1473
  • Valuation Date: Jul 12, 2023
  • Confidence Score: 82
  • Final Value: 669,829
  • High Value: 768,502
  • Low Value: 571,155

    Market Valuation

  • Market Total Value: $602,100
  • Market Land Value: $101,100
  • Market Improvement Value: $501,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,732
  • Assessed Land Value: $6,839
  • Assessed Improvements Value: $33,893

    Sales

  • Current Sale Contract Date: May 25, 2023
  • Current Sale Recording Date: May 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 4008947
  • Previous Sale Recording Date: Mar 01, 2021
  • Previous Sale Contract Date: Feb 24, 2021
  • Previous Sale Amount: $510,000
  • Previous Sale Document Type: 68
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 Bonanza Mountain Estates

Stats & Trends

Median Asking:

$785,500

Sale Price/ft²

$386

Above Asking

0.00%

Average Days on Market

27

Average Home Size

2326 ft²

Average Home Age

55 years

Currently For Sale

1 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 1903 Ridge Road built and last sold?
The property at 1903 Ridge Road was built in 1990 and last sold on May 25, 2023 for $650,000.
How much is this home worth?
The estimated value of the home located at 1903 Ridge Road is $651,590.
What are some comparable homes to 1903 Ridge Road?
There are currently no comparable homes to 1903 Ridge Road.
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