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Severance 80524
2663 Cutter Dr
$177,500
● Land - Off Market

2663 Cutter Dr

Severance, CO 80524
bedrooms
Studio
bathrooms
0 Bath
$192,872
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

14 permit ready "Carriage Lots" in the Windsor/Severance school district. Non-potable water system makes these lots eligible for cash-in-lieu water tap through North Weld Water District at the 50% Tap or Conservation Blue Tap rates. See https://nwcwd.org/tap-info-development/tap-fee-schedule/ for details. Lots range in size from 1.5 acres to 2.17 acres and prices range from $189,117 to $284,756. Great location, mountain views, and access to trails and open space. Two accessory buildings are allowed, including an Accessory Dwelling Unit. See additional documents for details.
Unit Size
-
Days on Market
303 days
Land Size
1.53 acres
Price per sqft
-
Property Type
Land
Property Taxes
$173
HOA Dues
-
Year Built
-

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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 (IRES MLS #963455)

Price History

Date / Event Date Event Price
Jul 7, 2023 Sold
Premium
Sold
Apr 21, 2022 Listed by NorthStar Realty $193,400
Listed by NorthStar Realty

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 66,647
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SADDLER PUD RPLT
  • Land Acres: 0000001530
  • Standard Land Use Code: 8000
  • County Land Use Code: 0010
  • Legal Description 1: LOT 9 SADDLER PUD RPLT

Neighborhood

  • School District Name: Poudre School District R-1
  • Census Tract: 002300

Geography

  • Account Number: R8952570
  • Parcel: R8952570
  • Lot: 9
  • Latitude: 40.5875
  • Longitude: -104.896

    Address

  • Full Address: 2663 Cutter Dr
  • Address - House Number: 2663
  • Address - Street Name: Cutter
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Severance
  • Carrier Code: R043
  • 4-Digit Zip Code: 8562
  • Zip Code: 80524

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $495,640
  • Tax Rate Code Area: 3953

    Market Valuation

  • Market Total Value: $110,565
  • Market Land Value: $110,565

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,850
  • Assessed Land Value: $30,850

    Sales

  • Current Sale Contract Date: Jul 06, 2023
  • Current Sale Recording Date: Jul 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 4907816
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:

$524,900

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

61

Average Home Size

2531 ft²

Average Home Age

9.2 years

Currently For Sale

120 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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IRES

Listed by: Shana Morgan, NorthStar Realty
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 963455
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.

Frequently Asked Questions

When was property at 2663 Cutter Drive built and last sold?
The property at 2663 Cutter Drive was built in and last sold on Jul 6, 2023 for $177,500.
How much is this home worth?
The estimated value of the home located at 2663 Cutter Drive is $0.
What are some comparable homes to 2663 Cutter Drive?
There are currently no comparable homes to 2663 Cutter Drive.
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