231 Red Rocks Vista Dr
About This Property
Recently renovated open kitchen w vaulted wood plank ceilings, new cabinets, lighting, leathered granite countertops w chiseled edges, stainless appliances, pantry with pull-out shelving, and walkout to the dog run. Living area, featuring a floor-to-ceiling rock fireplace, cathedral windows, and a walkout to the new back patio with unobstructed views of world-famous Red Rocks and rock formations to the north.
The main level includes two bedrooms and an updated full bathroom with a modern vanity and unique tile accents. The owner's suite, also on the main level, offers a large closet with an organizational system, plus an ensuite with dual vanity, updated fixtures, and a walk-in shower. Wake up to stunning mountain and Red Rocks views every day!
The fully remodeled basement features a theater room with surround sound system, bar space with a fridge, a moss rock wall, new ceiling, and lighting, and waterproof wood plank flooring. Two bedrooms with ample closets share a renovated full bathroom with an extra vanity area and plenty of storage cabinets. A sliding barn door reveals a spacious workout room with Nike Grind flooring. Additionally, the basement level includes a large storage room and a laundry room with ample storage.
Step outside the front door to access hiking trails at Mt. Falcon Park, Red Rocks Park and Amphitheater, and connecting trails to Matthews Winter Park. Walk to the historic and charming Town of Morrison with multiple restaurants, shops, and bars. A short bike ride on paved trails leads to Bear Creek Lake Park just a mile away, connecting to C-470 bikeways and the Denver bike trail system. Don't miss this rare opportunity to own a home in this close-knit community!
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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 |
|---|---|---|---|
| Feb 14, 2024 | Sold | ||
| Sold | |||
| Jan 24, 2024 | Listed | $1,200,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017