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Severance 80550
229 Timber Ridge Court
$535,000
● House - Off Market

229 Timber Ridge Court

Severance, CO 80550
bedrooms
5 Beds
bathrooms
4 Baths
square feet
2,834 Ft²
$533,010
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Come see this incredible home in Timber Ridge! Seller is giving a $15,000 credit at closing for mortgage rate buy-down, or otherwise. This property sits on a large lot in a quiet double cul-de-sac. NO METRO DISTRICT. Main floor bedroom could also be utilized as an office for remote work at home. The fully finished basement has a kitchenette for separate living space or potential rental. CLASS 4 HAIL RESISTANT ROOF in 2022. New exterior paint in 2022. New carpet in 2023. Driveway redone in 2020. Tankless water heater. The big maintenance items are done, which means more peace of mind for you! Schedule your showing today!
Unit Size
2,834 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$189
Property Type
House
Property Taxes
$302
HOA Dues
$18
Year Built
2003

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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 #RECIR991168)

Price History

Date / Event Date Event Price
Oct 23, 2023 Sold
Premium
Sold
Jun 30, 2023 Listed by Grimes Real Estate $535,000
Listed by Grimes Real Estate
Dec 4, 2020 Sold
Premium
Sold
Nov 18, 2020 No longer available -
No longer available
Oct 5, 2020 Price Decreased $419,000
↓ $6K (1.4%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 18
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,026
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 60
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,319
  • Total Building Area: 3,318
  • Gross Building Area: 3,318
  • Building Area: 2,834
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,834
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBER RIDGE PUD 1ST FG
  • Land Acres: 0000000214
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SEV 1TRPUD L8 BLK5 TIMBER RIDGE PUD 1ST FG

Neighborhood

  • School District Name: Windsor School District RE-4
  • Census Tract: 002208

Geography

  • Assessors Map Reference: MAP 1259
  • Account Number: R1151902
  • Parcel: R1151902
  • Block: 5
  • Lot: 8
  • Meridian: SEC 2 TWN 6N RNG 67W
  • Latitude: 40.5192
  • Longitude: -104.859

    Address

  • Full Address: 229 Timber Ridge Ct
  • Address - House Number: 229
  • Address - Street Name: Timber Ridge
  • Address - Suffix Type: Ct
  • State: CO
  • City Name: Severance
  • Carrier Code: R008
  • 4-Digit Zip Code: 2939
  • Zip Code: 80550

Valuation

    Tax

  • Total Area: 2,834
  • Tax Year: 2023
  • Tax Amount: $291,452
  • Tax Rate Code Area: 0434

    Appraisal Valuation

  • Standard Deviation: 0.1313
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 85
  • Final Value: 555,427
  • High Value: 628,361
  • Low Value: 482,492

    Market Valuation

  • Market Total Value: $546,014
  • Market Land Value: $87,000
  • Market Improvement Value: $459,014

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,580
  • Assessed Land Value: $5,830
  • Assessed Improvements Value: $30,750

    Sales

  • Current Sale Contract Date: Oct 19, 2023
  • Current Sale Recording Date: Oct 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 4927029
  • Previous Sale Recording Date: Dec 04, 2020
  • Previous Sale Contract Date: Nov 15, 2020
  • Previous Sale Amount: $414,000
  • 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 Severance

Stats & Trends

Median Asking:

$520,450

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

62

Average Home Size

2579 ft²

Average Home Age

9.1 years

Currently For Sale

114 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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Frequently Asked Questions

When was property at 229 Timber Ridge Court built and last sold?
The property at 229 Timber Ridge Court was built in 2003 and last sold on Oct 19, 2023 for $535,000.
How much is this home worth?
The estimated value of the home located at 229 Timber Ridge Court is $535,884.
What are some comparable homes to 229 Timber Ridge Court?
There are currently no comparable homes to 229 Timber Ridge Court.
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