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Park
254 Brook Drive
$350,000
● House - Off Market

254 Brook Drive

Lake George, CO 80827
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,728 Ft²
$387,468
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Priced to sell! Steps from Eleven Mile Reservoir Area and situated against mesmerizing rock formations with views for miles, this two-bedroom home features an open floor plan, almost two acres to enjoy, a two-vehicle garage with make-it-your-own living space above, and incredible access to not only National Forest but hiking trails abound!
Unit Size
1,728 Ft²
Days on Market
-
Land Size
1.87 acres
Price per sqft
$226
Property Type
House
Property Taxes
$52
HOA Dues
$4
Year Built
1976

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #REC3491690)

Price History

Date / Event Date Event Price
Oct 2, 2023 Sold
Premium
Sold
Aug 31, 2023 Listed by Winterwood Real Estate $389,900
Listed by Winterwood Real Estate

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1982
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 7

    Dimensions

  • Lot Size Square Feet: 81,457
  • Total Building Area: 1,728
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELEVEN MILE LAKE SUB4
  • Land Acres: 0000001870
  • Standard Land Use Code: 1001
  • Legal Description 1: T13 R72 S07 ELEVEN MILE LAKE SITES SUB 4 LOT 12 REPLATTED

Neighborhood

  • School District Name: Park County School District RE-2
  • Census Tract: 000500

Geography

  • Account Number: 22477
  • Parcel: R0022477
  • Lot: 12
  • Latitude: 38.9379
  • Longitude: -105.489

    Address

  • Full Address: 254 Brook Dr
  • Address - House Number: 254
  • Address - Street Name: Brook
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Lake George
  • Carrier Code: H069
  • 4-Digit Zip Code: 9200
  • Zip Code: 80827

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $94,112
  • Tax Rate Code Area: 0009

    Appraisal Valuation

  • Standard Deviation: 0.2069
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 72
  • Final Value: 407,175
  • High Value: 491,425
  • Low Value: 322,925

    Market Valuation

  • Market Total Value: $269,123
  • Market Land Value: $45,070
  • Market Improvement Value: $224,053

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $11,760
  • Assessed Land Value: $1,970
  • Assessed Improvements Value: $9,790

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Oct 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 804887
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 Park

Stats & Trends

Median Asking:

$590,000

Sale Price/ft²

$330

Below Asking

0.03%

Average Days on Market

66

Average Home Size

1877 ft²

Average Home Age

31.8 years

Currently For Sale

594 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 254 Brook Drive built and last sold?
The property at 254 Brook Drive was built in 1976 and last sold on Sep 29, 2023 for $350,000.
How much is this home worth?
The estimated value of the home located at 254 Brook Drive is $0.
What are some comparable homes to 254 Brook Drive?
There are currently no comparable homes to 254 Brook Drive.
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